CS Professional Syllabus 2019 – June Exam Pattern, (All Topics)

CS Professional Syllabus 2019: Candidates should have right and good knowledge of syllabus and exam pattern to crack any exam. That’s why we are here, with the complete Subject Wise Syllabus of ICSI CS Professional June Session.

Also Check: CS Executive Syllabus|| CS Foundation Syllabus

CS Professional Syllabus

The Syllabus of CS Professional is so vast, you will need maximum time to cover it and to score maximum marks in the exam. It is comprised of 3 modules and 9 subjects.

Here we have provided the CS Professional Subject-Wise Syllabus, check the detailed syllabus and prepare accordingly.

ModuleSubject NameImportant Topics
Module-1Governance, Risk Management, Compliances and EthicsPart I: Governance (50 Marks)
  • Conceptual Framework of Corporate Governance
  • Legislative Framework of Corporate Governance in India
  • Board Effectiveness
  • Board Processes through Secretarial Standards
  • Board Committees
  • Corporate Policies &Disclosures
  • Directors’ Training, Development and familiarization
  • Performance Evaluation of Board and Management
  • Role of promoter/controlling shareholder, redressal against Oppression and Mismanagement
  • Monitoring of group entities and subsidiaries. Accounting and Audit related issues.
  • Related Party Transactions.
  • Vigil Mechanism/Whistle blower.
  • Corporate Governance and Shareholders’ Rights. Corporate Governance and other Stakeholders.
  • Governance and Compliance Risk
  • Corporate Governance Forums
  • Parameters of Better Governed Companies
  • Dealing with Investor Associations, Proxy Services Firms and Institutional Investors
  • Family Enterprise and Corporate Governance.

**Case Laws, Case Studies & Practical Aspects

Part II: Risk Management (20 Marks)
  • Risk Identification, Mitigation and Audit

** Case Studies & Practical Aspects

Part III: Compliance (20 Marks)
  • Compliance Management
  • Internal Control
  • Reporting
  • Website Management

**Case Studies & Practical Aspects

Part IV: Ethics & Sustainability (10 Marks)
  • Ethics & Business
  • Sustainability
  • Models / Approaches to measure Business Sustainability
  • Indian and contemporary Laws relating to Anti-bribery.

**Case Studies & Practical Aspects

 Advanced Tax LawsPart I: Indirect Taxes (70 Marks)Goods and Service Tax ‘GST’ (60 Marks):

  • An Overview on Goods and Services Tax ‘GST’.
  • Supply
  • Input Tax Credit & Computation of GST Liability
  • Procedural Compliance under GST
  • Demand and Recovery, Advance Ruling, Appeals and Revision.
  • Inspection, search, seizure, offences & penalties. Compliance rating, anti-profiteering, GST practitioners, authorised representative, professional opportunities.
  • Integrated Goods and Service Tax (IGST).
  • Union Territory Goods and Service tax (UTGST). GST Compensation to States.
  • Industry/ Sector Specific Analysis.

Customs Law (10 Marks):

  • Basic Concepts of Customs Law
  • Valuation & Assessment of Imported and Export Goods & Procedural Aspects
  • Arrival or Departure and Clearance of Goods, Warehousing, Duty Drawback, Baggage and Miscellaneous Provisions
  • Advance Ruling, Settlement Commission, Appellate Procedure, Offences and Penalties: Advance Ruling; Appeal and Revision; Offences and Penalties; Prosecution; Settlement of Cases.
  • Foreign Trade Policy (FTP) to the extent relevant to Indirect tax.

** Case Laws, Case Studies & Practical Aspects

Part II: Direct Tax & International Taxation (30 Marks)
  • Corporate Tax Planning & Tax Management
  • Taxation of Companies, LLP and Non-resident
  • General Anti Avoidance Rules ‘GAAR’
  • Basics of International Taxation
  1. Transfer Pricing
  2. Place of Effective Management (POEM)
  • Tax Treaties
  • Income Tax Implication on specified transactions

** Case Laws, Case Studies & Practical Aspects.

Drafting, Pleadings and Appearances
  • Judicial & Administrative framework
  • General Principles of Drafting and relevant Substantive Rules
  • Secretarial Practices & Drafting
  • Drafting and Conveyancing relating to Various Deeds and Agreements
  • Drafting of agreements, documents and deeds
  • Pleadings
  • Art of Writing Opinions
  • Appearances & Art of Advocacy

** Case Laws, Case Studies & Practical Aspects

Module-2Secretarial Audit, Compliance Management and Due DiligencePart I: Compliance Management (40 Marks)
  • Compliance Framework
  • Compliances
  1.  Entity wise
  2. Activity wise
  3. Sector wise
  4. Industry Specific
  5. State and Local applicable laws
  • Documentation & maintenance of records
  • Search and Status Report
  • KYC
  • Signing and Certification
  • Segment-wise Role of Company Secretaries
Part II: Secretarial Audit & Due Diligence (60 Marks)
  • Audits
  • Secretarial Audit
  • Internal Audit & Performance Audit
  • Concepts and Principles of Other Audits
  • Audit Engagement
  • Audit Principles and Techniques
  • Audit Process and Documentation
  • Forming an Opinion & Reporting
  • Secretarial Audit – Fraud detection & Reporting
  • Quality Review
  • Values Ethics and Professional Conduct
  • Due Diligence

**Case Laws, Case Studies & Practical Aspects.

 Corporate Restructuring, Insolvency, Liquidation & Winding-upPart I: Corporate Restructuring (50 Marks)
  • Types of Corporate Restructuring
  • Acquisition of Company/ Business
  • Planning & Strategy
  • Process of M&A transactions
  • Documentation–Merger &Amalgamation
  • Valuation of Business and Assets for Corporate Restructuring
  • Accounting in Corporate Restructuring—Concept and Accounting Treatment
  • Taxation & Stamp Duty aspects of Corporate Restructuring
  • Competition Act
  • Regulatory approvals of scheme
  • Appearance before NCLT / NCLAT.
  • Fast Track Mergers: Small companies, Holding and wholly owned companies.
  • Cross Border Mergers.

** Case Laws/ Case Studies/ Practical aspect

Part II: Insolvency& Liquidation (50 Marks)
  • Insolvency
  • Petition for Corporate Insolvency Resolution Process
  • Role, Functions and Duties of IP/ IRP/ RP
  • Resolution Strategies
  • Convening and Conduct of Meetings of Committee of Creditors
  • Preparation & Approval of Resolution Plan
  • Individual/ Firm Insolvency
  • Fresh Start Process
  • Debt Recovery & SARFAESI
  • Cross Border Insolvency
  • Liquidation on or after failing of RP
  • Voluntary Liquidation
  • Winding-up by Tribunal under the Companies Act, 2013

**Case Laws, Case Studies and Practical aspects

Resolution of Corporate Disputes, Non-Compliances & Remedies
  • Shareholders’ Democracy &Rights
  • Corporate Disputes
  • Fraud under Companies Act and IPC. Misrepresentation & Malpractices
  • Regulatory Action
  • Defaults, Adjudication, prosecutions and penalties under the Companies Act, Securities Laws, FEMA, COFEPOSA, Money Laundering, Competition Act, Labour Laws & Tax Laws.
  • Fines, Penalties and Punishments under various laws.
  • Civil and Criminal Trial Procedure and Process.
  • Relief and Remedies.
  • Crisis management, Professional Liability, D&O Policy & other Risk and liability mitigation approaches

**Case Laws, Case Studies and Practical aspects

Module-3Corporate Funding & Listings in Stock ExchangesPart-A: Corporate Funding (60 Marks)
  • Indian Equity- Public Funding
  • Indian Equity- Private funding
  • Indian equity- Non Fund based
  • Debt Funding – Indian Fund Based
  • Debt Funding – Indian Non fund Based
  • Foreign Funding – Instruments & Institutions
  • Other Borrowings Tools
  • Non-Convertible Instruments- Non-Convertible Redeemable Preference Shares (NCRPs) etc.
  • Securitization
Part B: Listing (40 Marks)
  • Listing–Indian Stock Exchanges
  • International Listing
  • Various Procedural requirements for issue of securities and Listing.
  • Preparing a Company for an IPO and Governance requirements thereafter, Appraising the Board and other functions in the organisations regarding the Post IPO/Listing Governance changes.
  • Documentation & Compliances.

**Case studies and Practical aspects

Multidisciplinary Case StudiesCase studies mainly on the following areas:

  1. Corporate Laws including Company Law
  2. Securities Laws
  3. FEMA and other Economic and Business Legislations
  4. Insolvency Law
  5. Competition Law
  6. Business Strategy and Management
  7. Interpretation of Law
  8. Governance Issues.

Elective Paper

(chose any 1 out of 8 papers)

Banking – Law & Practice (Max. Marks 100)

 

  • Overview of Indian Banking System
  • Regulatory Framework of Banks
  • Control over Organization of Banks
  • Regulation of Banking Business
  • Banking operations
  • IT in Banking
  • Payment and Collection of Cheques and Other Negotiable Instrument
  • Case Laws on Responsibility of Paying Bank
  • Case Laws on Responsibility of Collecting Bank.
  • Various Government Schemes.
  • Consumer Protection.
  • Loans & Advances
  • Securities for Banker’s Loans
  • Documentation.
  • Calculation of Interest & Annuities.
  • Calculation of YTM.
  • Foreign Exchange Arithmetic
  • Non-Performing Assets
  • Final Accounts of Banking Companies
  • Risk Management in Banks and Basel Accords.
Insurance – Law & Practice (Max Marks 100)
  • Concept of Insurance : Risk Management
  • Regulatory Framework of Insurance Business in India
  • Life Insurance – Practices
  • Life Insurance – Underwriting
  • Applications of Life Insurance
  • Life Insurance – Finance
  • Health Insurance
  • General Insurance – Practices and Procedures
  • Fire & Consequential Loss Insurance
  • Marine Insurance
  • Agricultural Insurance
  • Motor Insurance
  • Liability Insurance
  • Aviation Insurance
  • Risk Management
  • Corporate Governance for Insurance Companies.
Intellectual Property Rights: Laws and Practices (Max Marks 100)
  • Introduction
  • Types of Intellectual Property- Origin and Development- An Overview
  • Role of International Institutions
  • Patents
  • Indian Patent Law
  • Patent Databases & Patent Information System.
  • Preparation of Patent Documents
  • Process for Examination of Patent Application
  • Patent Infringement
  • Recent Developments in Patent System
  • Trademarks
  • Copyrights
  • Industrial Designs
  • Geographical Indications
  • Layout- Designs of Integrated Circuits
  • The Protection of Plant Varieties and Farmers’ Rights
  • Protection of Trade Secrets.
  • Key Business Concerns in Commercializing Intellectual Property Rights.

** Case Laws, Case Studies and Practical Aspects

Forensic Audit (Max Marks 100)
  • Introduction
  • Fraud and Audit
  • Audit and Investigations
  • Forensic Audit : Laws and Regulations;
  • Forensic Audit and Indian Evidence Law
  • Cyber Forensics

** Case Laws, Case Studies and Practical Aspects.

Direct Tax Laws & Practice(Max Marks 100)
  • An Overview of Income Tax Act, 1961.
  • Computation of Income under the head of Salary.
  • Computation of Income under the head of House Property.
  • Computation of Income – Profits and Gains from Business and Profession.
  • Computation of Income under the head of Capital Gains.
  • Computation of Income from Other Sources.
  • Exemptions/Deduction, Clubbing provisions, Set Off and/or Carry Forward of Losses, Rebate and Relief.
  • Computation of Total Income and Tax Liability. TDS/TCS, Returns, Refund & Recovery.
  • Tax Planning & Tax Management
  • International Taxation – An Overview
  • Recent Case Laws
Labour Laws& Practice(Max Marks 100)
  • Constitution and Labour Laws
  • International Labour Organization
  • Law of Welfare & Working Condition
  • Law of Industrial Relations
  • Law of Wages
  • Social Security Legislations
  • The Labour Laws (Simplification of Procedure for Furnishing Returns and Maintaining Registers by Certain Establishments) Act, 1988.
  • Labour Codes.
  • Industrial and Labour Laws Audit covering the above Acts and other Industry Specific Acts.

**Case laws, Case Studies and Practical Aspects

Valuations & Business Modelling (Max Marks 100)Part I: Valuations (70 Marks)
  • Overview of Business Valuation
  • Purpose of Valuation
  • International Valuation Standards Overview. Valuation guidance resources in India.
  • Business Valuation Methods
  • Steps to establish the Business Worth
  • Valuation of Tangibles
  • Valuation of Intangibles
  • Accounting for share based payment (Ind AS102).
  • Valuation during Mergers & Acquisitions.
  • Valuation of various magnitudes of Business Organizations.
  • Valuation of Business during Distressed Sale.
Part- II: Business Modelling (30 Marks)
  • Introduction to Business Modelling
  • Business Model Analysis: Facets of Analysis
Insolvency – Law and Practice(Max Marks 100)
  • Insolvency – Concepts and Evolution
  • Introduction to Insolvency and Bankruptcy Code.
  • Corporate Insolvency Resolution Process.
  • Insolvency Resolution of Corporate Persons.
  • Resolution Strategies.
  • Fast Track Corporation Insolvency Resolution Process.
  • Liquidation of Corporate Person.
  • Voluntary Liquidation of Companies.
  • Adjudication and Appeals for Corporate Persons.
  • Debt Recovery and Securitization.
  • Winding-Up by Tribunal.
  • Cross Border Insolvency.
  • Insolvency Resolution of Individual and Partnership Firms.
  • Bankruptcy Order for Individuals and Partnership firms.
  • Bankruptcy for Individuals and Partnership Firms.
  • Fresh Start Process.
  • Professional and Ethical Practices for Insolvency Practitioners.

ICSI CS Professional Exam Pattern

CS Professional 2019 June Exam Pattern will give an overview of the exam paper such as mode of examination, medium of paper, time duration, marking scheme, type of questions asked from each module and total marks etc.

CS Professional Syllabus includes 3 modules and 9 subjects. The 3rd Module will be one elective paper. Candidates will have to select any 1 out of 8 papers as per their choice.  Each Paper will be of equal marks i.e. 100 marks. Candidates need to score 40% in each paper to qualify the exam.

For more details related to ICSI CS Professional 2019 June Syllabus & Exam Pattern, drop your queries in the below comment box.

CS Professional Syllabus 2019: Official Website

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