New Revised Syllabus of CS Professional Programme

PROFESSIONAL PROGRAMME

DETAILED COURSE CONTENTS UNDER NEW SYLLABUS PAPER 1: ADVANCE COMPANY LAW AND PRACTICE (100 Marks)

Level of Knowledge: Expert Knowledge

Objective: To acquire expert knowledge of the practical and procedural aspects of the

Companies Act.

Contents:

1.    Company Formation and Conversion

•       Choice of Form of Business Entity; Conversion/ Re-conversion of One Form of Business Entity into Another

•    Incorporation of Private Companies, Public Companies, Companies Limited

by  Guarantee  and  Unlimited  Companies  and  their  Conversions/  Re- conversion/Re-registration

•    Formation  of  Nidhi  Companies,  Producer  Companies  and  Mutual  Benefit

Funds

•    Commencement   of   Business   and   New   Business;   Pre   Incorporation

Agreements and Contracts

•    Formation of  Non Profit Companies

•    Procedure Relating to Foreign Companies Carrying on Business in India

2.    Procedure for Alteration of Memorandum and Articles

•    Alteration of Various Clauses of Memorandum: Name Clause, Situation of

Registered Office Clause, Objects Clause, Capital Clause and Liability Clause

•    Effects of Alteration of Articles

3.    Procedure for Issue of Securities

Part A: Shares

•       Public  Issue,  Rights  Issue  and  Bonus  Shares,    Issue  of  Shares    at Par/Premium/Discount; Issue of Shares on Preferential /Private Placement Basis

•    Allotment, Calls on Shares and Issue of Certificates

•       Issue of Sweat Equity Shares, Employees Stock Option Scheme (ESOPs), Employees Stock Purchase Scheme (ESPS), Shares with Differential Voting

Rights

•    Issue and Redemption of Preference Shares

•    Alteration of Share Capital - Forfeiture of Shares and Reissue of Forfeited

Shares; Increase, Consolidation, Conversion and Re-conversion into Stock, Subdivision and Cancellation  and Surrender of Shares

•    Buy Back of Shares

•    Reduction of Share Capital

Part B: Debt Instruments

•       Issue  of  Debentures  and  Bonds,  Creation  of  Security  and  Debenture Redemption Reserve, Drafting of Debenture Trust Deed, Redemption of Debentures, Conversion of Debentures into Shares

•    Deposits

4.    Procedure relating to Membership, Transfer and Transmission

•       Induction of  Members,  Nomination of Shares, Variation of Shareholders’ Rights, Cessation of Membership including Dispute Resolution

•    Transfer/Transmission/Transposition

•    Admission of Securities in Electronic Mode

•    Dematerialization/ Rematerialisation of Securities

•    Compliances relating to Insider Trading and Takeovers

5.    Directors and Managerial Personnel

•    Obtaining DIN

•       Directors  and  Managerial  Personnel-  Appointment,  Reappointment, Resignation, Removal and Varying Terms of Appointment/Re-appointment

•    Payment  of  Remuneration  to  Directors  and  Managerial  Personnel  and

Disclosures thereof; Compensation for Loss of Office

•    Waiver of Recovery of Remuneration

•    Making Loans to Directors, Disclosure of Interest by a Director, Holding of

Office or Place of Profit by a Director/Relative

•    Company Secretary - Appointment, Resignation and Removal

•    Company Secretary in Practice - Appointment, Resignation and Removal

6.    Meetings

•       Collective Decision Making Forums - Authority, Accountability, Delegation and Responsibility

•    Board Meetings - Convening and Management of Meetings of Board and

Committees; Preparation of Notices and Agenda Papers

•       General  Meetings  - Convening and Management of Statutory Meeting, Annual and Extra-Ordinary General Meetings, Class Meetings; Creditors’ Meetings; Preparation of Notices and Agenda Papers; Procedure for Passing of Resolutions by Postal Ballot; Voting through Electronic Means; Conducting a Poll and Adjournment of a Meeting

•    Post-Meeting Formalities - Preparation of Minutes and Dissemination of

Information and Decisions

7.    Auditors

•    Auditors  -  Procedure  for  Appointment/Re-appointment,  Resignation  and

Removal of Statutory Auditors and Branch Auditors; Appointment of Cost

Auditors

•    Special Auditors; CAG audit

8.    Distribution of Profit

•       Ascertainment of Distributable Profits and Declaration of Dividend; Payment of Dividend

•    Claiming  of  Unclaimed/Unpaid  Dividend;  Transfer  of  Unpaid/Unclaimed

Dividend to Investor Education and Protection Fund

9.    Procedure relating to Charges

•    Creation and Registration, Modification, Satisfaction  of Charges

•    Inspection of charges

10.  Procedure relating to Inter-Corporate Loans, Investments, Guarantees and Security

•    Making  Inter-Corporate  Loans,  Investments,  Giving  of  Guarantee  and

Security

11.  Preparation & Presentation of Reports

•    Preparation of Financial Statements, Auditors’ Report, Directors’ Report and

Report on Corporate Governance

12.   E- Filing

•    Filling and Filing of Returns and Documents

(a) Annual Filing, i.e., Annual Accounts; XBRL Filing, Compliance Certificate, Annual Return

(b) Event Based Filing

13.  Striking off Names of Companies

•    Law and Procedure

14.  Recent Trends and Developments in Company Law

15.  Trusts and Non Profit Organisation

PAPER 2: DRAFTING, APPEARANCES AND PLEADINGS (100 Marks)

Level of Knowledge: Expert Knowledge

Objective:  To  acquire  expert  knowledge  of  drafting,  pleadings  and  advocacy techniques.

Contents:

1.    General Principles of Drafting and Relevant Substantive Rules

•    Drafting: Concept, General Principles and relevant substantive rules thereof

•    Basic Components of Deeds, Endorsements and Supplemental Deeds, Aids to

Clarity and Accuracy, Legal Requirements and Implications

2.    Drafting and Conveyancing relating to Various Deeds and Agreements

•    Conveyancing in General, Object of Conveyancing

•       Drafting of various Agreements including Sale Agreements, Joint Venture and Foreign Collaboration Agreements, Arbitration; Guarantees, Counter Guarantees;  Bank   Guarantee,   Hypothecation   Agreement,   Outsourcing

Agreements, Service Agreements, E-Contracts, Leave and License

•       Promissory   Note,   Power   of   Attorney-   General   and      Special,   Will, Relinquishment Deed, Deed of Dissolution of Partnership, Hire-Purchase Agreement, Deed of Family Settlement and Other Deeds

•       Deed of Sale of Land, Building, Mortgage, License, Lease, Assignment, Trust, Gift, Partnership

•    Drafting  of  Writs,  Partnership  Deed,  Sale  Agreements,  Collaboration

Agreements, Hypothecation Agreements, E-Contracts

•    Shareholder’s Agreement

3.    Drafting of Agreements under the Companies Act

•       Pre incorporation Contracts; Memorandum and Articles of Association and other Agreements

4.    Pleadings

•    Pleadings in General; Object of Pleadings; Fundamental Rules of Pleadings

•       Civil: (i) Plaint Structure; Description of Parties (ii) Written Statement (iii) Interlocutory Application (iv) Original Petition (v) Affidavit (vi) Execution

Petition and (vii) Memorandum of Appeal and Revision (viii) Petition under

Article 226 and 32 of the Constitution of India (ix) Special Leave Petition

•    Criminal:  (i)  Complaints  (ii)  Criminal  Miscellaneous  Petition  (iii)  Bail

Application and (iv) Memorandum of Appeal and Revision

•       Application for Setting Aside Ex-Parte Decree; Ordinary Suit of Recovery; Suit under Order XXXVII of Code of Civil Procedure, 1908

•    Suit for Permanent Injunction; Application for Temporary Injunction; Suit for

Specific Performance; General Principles of Criminal Proceedings; Application under Section 125 of Code of Criminal Procedure, 1973; F.I.R under Section

154 of Code of Criminal Procedure, 1973

5.    Appearances

•       Appearance before Tribunals/Quasi Judicial Bodies such as CLB, SAT, NCLT, CCI, TRAI and Appellate Authorities

•       Drafting of Affidavit in Evidence; Arguments on Preliminary Submissions, Arguments on Merits; Legal Pleadings and Written Submissions

•    Dress Code, Etiquettes and Court Craft

6.    Compounding of Offences

•    Compounding of Offences under the Companies Act, SEBI Act, FEMA

•    Consent Orders

7.    Practical Exercises

•    Notice to the Tenant under section 106 of Transfer of Property Act

•    Notice under Section 80 of Code of Civil Procedure, 1908

•    Reply to Notice

•    General Power of Attorney

•    Will

•    Agreement to Sale

•    Deed of Sale

•    Suit for Dissolution of Partnership

•    Petition for grant of Probate / Letters of Administration

•    Petition under Section 397 of Companies Act, 1956

•    Application for Appointment of Receiver/Local Commissioner

•    Application for Compromise of Suit

•    Application for Appointment of Guardian

•    Application to Sue as an Indigent Person under Order 33, Code of Civil

Procedure

•    Appeal from Original Decree under Order 41, Code of Civil Procedure

•    Appeal from Orders under order 43 of Code of Civil Procedure

•    Revision Petition / Review Petition

•    Application under Section 5 of Limitation Act

•    Application for Execution

•    Application for Caveat Section 148A of Code of Civil Procedure

•    Writ Petition

•    Application under Section 482 of Code of Civil Procedure

•       Compounding of Offences by way of Compromise under Section 320(i) Code of Criminal Procedure

•    Lease Deed / Mortgage Deed

•    Special Power of Attorney

•    Relinquishment Deed

•    Partnership Deed / LLP Agreement

•    Reference to Arbitration and Deed of Arbitration

•    Deed of Gift

•    Notice under Section 434 of the Companies Act

•    Notice for Specific Performance of Contract

PAPER 3: DIRECT TAX LAWS AND PRACTICE (100 Marks)

Level of Knowledge: Advance Knowledge

Objective: To acquire knowledge of practical and procedural aspects relating to Direct

Tax Laws.

Contents:

Part A: Income Tax and Wealth Tax (75 Marks)

1.  Basics and Definitions – Income Tax Act , 1961

•    Background, Concept and Mechanism of Income Tax

•      Definitions, Concept of Income, Previous Year, Assessment Year, Distinction between Capital and Revenue Receipts and Expenditure, Residential Status

•    Basis of Charge and Scope of Total Income

2.  Incomes which do not form part of Total Income

3.  Computation of Total Income under Various Heads: Salaries, Income from House  Property,  Profit  and  Gains  of  Business  or  Profession,  Capital  Gains, Income from Other Sources

4.  Income of Other Persons included in Assessee’s Total Income; Aggregation of Income and Set Off or Carry Forward of Losses; Various Deductions to be made in Computing Total Income, Rebates and Relief’s; Applicable Rates of Taxes and Tax Liability

5.  Taxation of Individuals including Non-Residents, Hindu Undivided Family, Firms, LLP, Association of Persons, Cooperative Societies, Trusts,   Charitable and Religious Institution

6.  Classification and Tax Incidence on Companies;  Computation of Taxable Income and Assessment of Tax Liability, Dividend Distribution Tax, Minimum Alternate Tax and Other Special Provisions Relating to Companies

7.  Tax Deduction at Source, Tax Collection at Source, Recovery and Refund of Tax; Provisions of Advance Tax

8.  Tax Planning

•    Concept of Tax planning

•       Tax planning with reference to setting up a New Business; Location; Nature of Business; Tax Holiday, etc.

•       Tax Planning with regard to Specific Management Decisions such as Mergers and Takeovers; Employees’ Remuneration; Voluntary Retirement

•    Tax Planning with reference to Financial Management Decisions such as

Borrowing  or  Investment  Decisions;  Reorganization  or  Restructuring  of

Capital

9.  Tax Management

•       Provisions  concerning  Procedure  for  Filing  Returns,  Signatures,  E-Filing, Assessment, Reassessment and Settlement of Cases

•    Special   Procedure   for   Assessment   of   Search   Cases,   E-Commerce

Transactions, Liability in Special Cases

•    Collection and Recovery of Tax; Refunds, Appeals and Revisions; Penalties

Imposable, Offences and Prosecution

10.Wealth Tax Act, 1956

•    Background, Concept and Charge of Wealth Tax

•    Assets, Deemed Assets and Assets Exempt from Tax

•    Valuation of Assets, Computation of Net Wealth

•    Return of Wealth Tax and Provisions concerning Assessment

Part B: International Taxation (25 Marks)

11.Basic Concepts of International Taxation

•       Residency  Issues;  Source  of  Income;  Tax  Havens;  Withholding  Tax, Unilateral Relief and Double Taxation Avoidance Agreements

•    Controlled Foreign Corporation

12.Advance Rulings and Tax Planning

•    Authority for Advance Rulings, its Power and Procedure; Applicability

•       Tax Planning and Special Provisions relating to Certain Incomes of Non- Resident Corporates

13.Transfer Pricing

•    Concepts, Meaning of International Transactions

•    Computation of Arm’s Length Price & Methods

•    Documentation and Procedural Aspects

14.Taxation of Inbound & Outbound Transactions

•    Taxation of Passive Investments; Capital Gains and Losses

•    Taxation of Income, Property, Branch Profit, Foreign Income Exclusions

•    Foreign Tax Credit (Deemed Paid System vs. Current Pooling System)

•       Controlled Foreign  Corporations; Passive Foreign Investment Companies; Cross Border Merger, Acquisitions and Transfers

PAPER   4:   SECRETARIAL   AUDIT,   COMPLIANCE   MANAGEMENT   AND   DUE DILIGENCE

Level of Knowledge: Expert Knowledge

Objective:

(i)      To  acquire  thorough  understanding  of  secretarial  audit  and  Corporate

Compliance Management.

(ii)     To  acquire  understanding  of  the  due  diligence  of  various  business transactions.

Contents:

Part A: Secretarial Audit (25 Marks)

1.  Secretarial Standards

•    Concept, Scope and Advantages

•    Secretarial Standards issued by the ICSI

•    Compliance of Secretarial Standards for Good Governance

•    Relevance of Guidance Note(s)

2.  Secretarial Audit

•    Need, Objective and Scope

•    Periodicity and Format for Secretarial Audit Report

•    Benefits  of Secretarial Audit

•    Professional Responsibilities and Penalties

3.  Checklist for Secretarial Audit

Part B: Due Diligence and Compliance Management (75 Marks)

4.  Due Diligence – An Overview

•    Introduction, Nature, Need and its Significance

•    Objectives, Scope and Types of Due Diligence

•    Process of Due Diligence

•    Concept of Data Room in Due Diligence

•    Due Diligence vs. Audit

5.  Issue of Securities

•    Introduction and Regulatory Framework

•    Pre and Post Issue Due Diligence – IPO/FPO

•    Due Diligence – Preferential Issues of Listed and Unlisted Companies

•    Employee Stock Option, Bonus Issue, Rights Issue, Debt Issues

•    Issue of Securities by SMEs

•    Role of Company Secretary in Issue of Securities

6.  Depository Receipts Due Diligence

•      Introduction;     Broad     Regulatory     Framework;     Parties,     Approvals, Documentation and Process

•    Issue of ADRs, GDRs, IDRs and FCCBs

7.  Merger & Acquisition (M&A) Due Diligence

•    Introduction

•    Stages of M&A Due Diligence

•    Data Room Management

•    Business, Financial, Legal and Corporate Governance Due Diligence

•    HR and Cultural Due Diligence

•    Impact of Due Diligence on Valuation

•    Takeovers and Acquisitions Due Diligence

8.  Competition Law Due Diligence

•    Introduction

•    Need for Competition Compliance Programme

•    Mergers & Acquisitions and Competition Law Aspects

•    Reasons for Due Diligence of Competition Law Aspects

•    Process of Due Diligence of Competition Law Aspects

•    Due Diligence of Various Agreements

•    Some Common Anti Competitive Practices

•    Due Diligence on Abuse of Dominance

•    Due Diligence Checklist for Compliance with Competition Act 2002

•    Checklist for Anti Competitive Agreements/Abuse of Dominant

Position/Regulation of Combinations

9.   Legal Due Diligence

•    Introduction

•    Objectives, Scope, Need and Process

•    General Documents/Aspects to be covered

•    Possible Hurdles in Carrying out a Legal Due Diligence and Remedial Actions

10.Due Diligence for Banks

•    Introduction

•    Need for Due Diligence for Banks

•    Process of Due Diligence for Banks

•    Due Diligence Report to Banks

11.Environmental Due Diligence

•    Introduction

•    Need for Environmental Due Diligence

•    Process involved in Environmental Due Diligence

•    Regulatory Framework relating to Environment

•    Check List on Major Regulatory Compliances

•    Environmental Guidelines for Industries by Ministry of Environment

•    Environmental Impact Assessment

•    Environmental Management Plan

•    Preparation of Risk Analysis Matrix

•    Identification of Potential Issues

•    Impact Analysis

•    Suggestions and Mitigation Measures

12.Search and Status Reports

•    Importance and Scope

•    Verification of Documents relating to Charges

•    Requirements of Financial Institutions and Corporate Lenders

•    Preparation of Report

13.Compliance Management

•    Concept and Significance

•    Establishment of Compliance Management System

•    Absolute, Apparent and Adequate Compliance

•    Compliance Management System Audit

PAPER 5: INDIRECT TAX LAWS AND PRACTICE (100 Marks)

Level of Knowledge: Advance Knowledge

Objective: To acquire expert knowledge of the practical and procedural aspects of

Indirect Tax Laws.

Contents:

Part A: Central Excise and Custom Laws (50 Marks)

1.    Introduction

•       Special Features of Indirect Tax Levies - All Pervasive Nature, Contribution to Government Revenues; Constitutional Provisions Authorizing the Levy and Collection of Duties of Central Excise and Customs

2.    Central Excise Laws

•       Basis of Chargeability of Duties of Central Excise - Goods, Manufacture, Classification and Valuation of Excisable Goods

•    CENVAT Credit Mechanism

•    Registration, Assessment, Provisional Assessment, Manner of Payment of

Duty, Exemption,  Recovery and Refunds of Duties

•       Clearance  of  Excisable  Goods;  Invoice  System,  Central  Excise  Bonds; Maintenance of Accounts and Records and Filing of Returns, Large Tax Payer Units, Excise Audit 2000

•    Small Scale Units: Duties Payable by Small Scale Units, Set-Off of Duties –

Concept, Meaning and Scheme;

•    Export Incentives under Central Excise

•       Investigation,  Adjudication,  Appeal  and  Revision,  including  Appearance before CESTAT by Company Secretary as Authorized Representative; Settlement of Cases, Advance Ruling

•    Search,  Seizure,  Arrest,  Prosecution  and  Compounding  ;  Offences  and

Penalty

•    Miscellaneous Provisions under Central Excise

3.    Customs Laws

•    Levy of Customs Duties, Types of Customs Duty Leviable, Tariff Classification

& Exemptions, Valuation of Imported and Exported goods

•    Provision  of  Assessment,  Payment  of  Duties,  Recovery  and  Refund  of

Customs Duties

•    Procedure  for  Clearance  of  Imported  and  Exported  Goods  such  Duty

Drawback, Baggage

•    Transportation and Warehousing

•       Confiscation of Goods and Conveyances and Imposition of Penalties; Search, Seizure and Arrest, Offences and Prosecution Provisions

•    Adjudication, Appeal and Revision; Settlement of Cases, Advance Ruling

•    Other Relevant Areas and Case Studies under Custom Laws and Rules

4.    Promissory  Estoppel  in  Fiscal  Laws  –  Principles  and  Applicability  with reference to Indirect Taxes

5.    Tax Planning and Management – Scope and Management in Customs, with

Specific Reference to important Issues in the Respective Areas

Part B: Service Tax (30 Marks)

6.    Background, Statutory Provisions, Taxable Services, Valuation, Administrative

Mechanism and Procedural Aspects, Rate and Computation of Tax

7.    Assessment, Levy, Collection and Payment of Service Tax, Exemptions, CENVAT Credit for Service Tax, Returns, Appeals, Revisions, Advance Rulings, Settlement Commission

Part C: Value Added Tax (20 Marks)

8.    Background, Concept and Mechanism of VAT,  Liability under VAT, VAT on Works

Contract; Right to use Property

9.    Set  off  and  Composition  Scheme,  Computation  of  VAT,  Procedural  Aspects including Registration, Preparation and Filing of E-Returns, Rates of Tax, Assessment, Refunds, Audit, Appeals, Revision and Appearances

10. Central Sales Tax; Tax on Inter- State Trade and Exports - Registration, Preparation and Filing of E-Returns, Rates of Tax, Assessment and Refunds

PAPER 6: ETHICS, GOVERNANCE AND SUSTAINABILITY

Level of Knowledge: Advance Knowledge

Objective:  To  acquire  knowledge  of  ethics,  emerging  trends  in  good  governance practices and sustainability.

Contents:

Part A: Ethics and Governance (70 Marks)

1.  Introduction

•    Ethics, Business Ethics, Corporate Governance, Governance through Inner

Consciousness and Sustainability

2.  Ethical Principles in Business

•    Role of Board of Directors

•    Organization Climate and Structure and Ethics

•    Addressing Ethical Dilemmas

•    Code of Ethics; Ethics Committee; Ethics Training; Integrity Pact

•    Case Studies and Contemporary Developments

3.  Conceptual Framework of Corporate Governance

•    Introduction, Need and Scope

•    Evolution of Corporate Governance

•    Developments in India

•    Developments in Corporate Governance – A Global Perspective

•    Elements of Good Corporate Governance

4.  Board Effectiveness - Issues and Challenges

•    Board Composition; Diversity in Board Room; Types of Directors; Board’s

Role and Responsibilities

•    Chairman, CEO, Separation of Roles

•    Relationship between Directors and Executives

•     Visionary Leadership

•    Board Charter,  Meetings and Processes

•    Directors’ Training and Development

•    Performance Evaluation of Board and Directors

5.  Board Committees

•    Introduction

•      Various  Board  Committees,  their  Composition,  Role  and  Responsibilities, Contribution to Board Governance

 Audit Committee

 Shareholders Grievance Committee

 Remuneration Committee

 Nomination Committee

 Corporate Governance Committee

 Corporate Compliance Committee

 Other Committees

6.  Legislative Framework of Corporate Governance in India

•    Under Listing Agreement, SEBI Guidelines, Companies Act

•    Corporate Governance in

 PSUs

 Banks

 Insurance Companies

7.  Legislative  Framework  of  Corporate  Governance  –  An  International

Perspective

•    Australia

•    Singapore

•    South Africa

•    United Kingdom

•    Contemporary Developments in the Global Arena

8.  Risk Management and Internal Control

•    Risk and its Classification

•    Risk Management and Oversight

•    Enterprise Risk Management

•    Internal Control

•    Roles and Responsibilities of Internal Control

•    Disclosure about Risk, Risk Management and Internal Control

9.  Corporate Governance and Shareholder Rights

•    Rights of Shareholders

•    Challenges in Exercising Shareholders Rights

•    Corporate Governance issues with regard to Related Party Transactions

•    Role of Investor Associations in Securing Shareholders Rights

•    Role of Institutional Investors in Corporate Governance

10.Corporate Governance and Other Stakeholders

•    Employees

•    Customers

•    Lenders

•    Vendors

•    Government

•    Society

11.Corporate Governance Forums

•    The Institute of Company Secretaries of India

•    National Foundation for Corporate Governance

•    Organisation for Economic Co-operation and Development

•    Global Corporate Governance Forum

•    Institute of Directors

•    Commonwealth Association of Corporate Governance

•    International Corporate Governance Network

•    The European Corporate Governance Institute

•    Conference Board

•    The Asian Corporate Governance Association

•    Corporate Secretaries International Association

Part B:  Sustainability (30 Marks)

12.Sustainability

•    Meaning and Scope

•    Corporate Social Responsibility and Corporate Sustainability

•    Sustainability Terminologies and Meanings

•    Why is Sustainability an Imperative

•    Sustainability Case Studies

•    Triple Bottom Line (TBL)

13.Corporate Sustainability Reporting Frameworks

•    Global Reporting Initiative Guidelines

•    National Voluntary Guidelines on Social, Environmental and Economic

Responsibilities of Business

•    International Standards

•    Sustainability Indices

•    Principles of Responsible Investment

•    Challenges in Mainstreaming Sustainability Reporting

•    Sustainability Reporting Case Studies

14.Legal Framework, Conventions, Treaties on Environmental and Social

Aspects

15.Principle of Absolute Liability – Case Studies

16.Contemporary Developments – Integrated Reporting

PAPER 7: FINANCIAL, TREASURY AND FOREX MANAGEMENT

Level of Knowledge: Expert Knowledge

Objective: To acquire expert knowledge of practical aspects of the management and techniques of financial, treasury and forex management.

CONTENTS:

1.  Nature and Scope of Financial Management

•    Nature,  Significance,  Objectives  and  Scope  (Traditional,  Modern  and

Transitional Approach)

•    Risk-Return and Value of the Firm

•    Financial Distress and Insolvency

•    Financial Sector Reforms and their Impact

•    Functions of Finance Executive in an Organisation

2.  Capital Budgeting

•    Time Value of Money

•    Planning and Control of Capital Expenditure

•    Capital Budgeting Process

•    Techniques of Capital Budgeting- Discounted and Non-Discounted Cash Flow

Methods, Choice of Methods

•    Capital Rationing; Risk Evaluation and Sensitivity Analysis, Simulation for

Risk Evaluation

•      Linear Programming and Capital Budgeting Decisions - under Constraints and with Multiple Objectives using Mathematical Programming Models, Inflation, Uncertainty and Evaluation using Statistical Decision Theory

•    Analysis of Capital Budgeting Decisions- Some Case Studies

3.  Capital Structure

•    Meaning and Significance

•      Capital  Structure  vis-à-vis  Financial  Structure;  Planning  and  Designing; Optimal Capital Structure

•      Determinants  of  Capital  Structure;  Capital  Structure  and  Valuation  - Theoretical Analysis

•      EBIT  –  EPS  Analysis,  EBITDA  Analysis  (Earning  before  Interest,  Tax, Depreciation and Amortization)

•    Risk and Leverage; Measures of Operating and Financial Leverage, Effects of

Leverage on Shareholders’ Returns

4.  Cost of Capital

•    Meaning; Factors Affecting Cost of Capital

•    Measurement of Cost of Capital, Weighted Average Cost of Capital, Marginal

Cost of Capital

5.  Financial Services

•    Meaning, Significance, Scope and Structure of Financial Services

•    Types of Financial Services- Merchant Banking, Securitization of Debt, Loan

Syndication, Housing Finance, Custodial and Advisory

6.  Project Finance

•    Project Planning - Preparation of Project Report

•    Project Appraisal under Normal, Inflationary and Deflationary Conditions

•      Project Appraisal by Financial Institutions – Lending Policies and Appraisal Norms by Financial Institutions and Banks; Loan Documentation, Project Review and Control; Social Cost and Benefit Analysis of Project. (UNIDO Approach), Term Loans from Financial Institutions and Banks; Lease and Hire

Purchase Finance; Venture Capital Funds; Private Equity;   International Finance and Syndication of Loans, Deferred Payment Arrangements; Corporate Taxation and its Impact on Corporate Financing

•    Financing Cost Escalation

7.  Dividend Policy

•    Introduction; Types, Determinants and Constraints of Dividend Policy

•    Forms of Dividend

•      Different Dividend Theories - Walter’s Model, Gordon’s Model and Modigliani- Miller Hypothesis of Dividend Irrelevance

•    Dividend Policy - Practical and Legal Constraints

•    Corporate Dividend Practices in India

8.  Working Capital

•    Meaning,   Types,   Determinants   and   Assessment   of   Working   Capital

Requirements

•    Operating Cycle Concept and Applications of Quantitative Techniques

•      Management of Working Capital - Cash, Receivables, Inventories; Financing of Working Capital; Banking Norms and Macro Aspects

•    Factoring and Forfeiting

9.  Security Analysis and Portfolio Management

•      Security  Analysis  -  Measuring  of  Systematic  and  Unsystematic  Risk, Fundamental   Analysis   (Economic,   Industry   and   Company),   Technical Approach and Efficient Capital Market Theory

•      Portfolio Management - Meaning, Objectives; Portfolio Theory – Traditional Approach; Fixed and Variable Income Securities, Markowitz Portfolio Theory; Modern Approach - CAPM Model; Economic Value Added, Sharpe Single & Multi Index Model; Arbitrage Pricing Theory (APT); Risk Adjusted Measure of Performance

10. Derivatives and Commodity Exchanges- An Overview

11. Treasury Management

•    Meaning,   Objectives,   Significance,   Functions   and   Scope   of   Treasury

Management

•      Relationship between Treasury Management and Financial Management; Role and Responsibilities of Chief Finance Officer

•    Tools of Treasury Management; Internal Treasury Controls; Environment for

Treasury Management

•    Liquidity  Management,  Regulation,  Supervision  and  Control  of  Treasury

Operations, Implications of Treasury on International Banking

12. Forex Management

•    Nature, Significance and Scope of Forex Management

•    Foreign Exchange Market and its Structure

•    Foreign Exchange Rates and its Determination

•    Exchange Rate Quotes; Types of Exchange Rates; Forex Trading; Currency

Futures and Options

•    Foreign Exchange Risk Exposures and their Management; Exchange Rate

Forecasting; Risk in Foreign Exchange Business

13. Practical Problems and Case Studies

PAPER 8: CORPORATE RESTRUCTURING, VALUATION AND INSOLVENCY

Level of Knowledge: Advance Knowledge

Objective: To acquire knowledge of the legal, procedural and practical aspects of

Corporate Restructuring, Valuation and Insolvency.

Contents:

Part A - Corporate Restructuring (50 Marks)

1.  Introduction and Concepts

•    Meaning of Corporate Restructuring

•    Need, Scope and Modes of Restructuring

•    Historical Background

•    Emerging Trends

•      Planning,  Formulation  and  Execution  of  Various  Corporate  Restructuring Strategies - Mergers, Acquisitions, Takeovers, Disinvestments and Strategic Alliances, Demerger and Hiving off

•    Expanding Role of Professionals

2.  Merger and Amalgamation

•    Introduction

•    Legal,  Procedural,  Economic,  Accounting,  Taxation  and  Financial  Aspects  of

Mergers and Amalgamations including Stamp Duty and Allied Matters

•    Interest of Small Investors

•    Merger Aspects under Competition Law

•    Jurisdiction of Courts; Filing of Various Forms

•    Amalgamation of Banking Companies and Government Companies

•    Cross Border Acquisition and Merger

3.  Corporate Demerger and Reverse Merger

•    Concept of Demerger; Modes of Demerger - by Agreement, under Scheme of

Arrangement

•    Demerger and Voluntary Winding Up

•    Legal and Procedural Aspects; Tax Aspects and Reliefs

•    Reverse Mergers – Procedural Aspects and Tax Implications

4.  Takeover

•    Meaning and Concept

•    Types of Takeovers; Legal Aspects – SEBI Takeover Regulations

•    Disclosure and Open Offer Requirements

•    Bail Out Takeovers and Takeover of Sick Units

•    Takeover Defences

•    Cross Border Takeovers

5.  Funding of Merger and Takeover

•    Financial Alternatives; Merits and Demerits

•      Funding through various Types of Financial Instruments including Equity and Preference Shares, Debentures, Securities with Differential Rights, Swaps, Stock Options; ECBs, Funding through Financial Institutions and Banks

•    Rehabilitation Finance

•    Management Buyouts/Leveraged Buyouts

6.  Financial Restructuring

•    Reduction of Capital

•    Reorganization of Share Capital

•    Buy-Back of Shares – Concept and Necessity

•    Procedure for Buy-Back of Shares by Listed and Unlisted Companies

7.  Post Merger Reorganization

•    Factors involved in Post Merger Reorganization

•    Integration of Businesses and Operations

•    Assessing Accomplishment of Post Merger Objectives; Measuring Post Merger

Efficiency

8.  Case Studies

Part B – Valuation (30 Marks)

9.  Introduction

•    Meaning, Objective & Scope of Valuation

•    Principles of Valuation

•    Preliminary Work relating to Valuation

•    Valuation Standards and Valuation Analysis

10.Valuation Techniques

•    Historical Earnings Valuation

•    Asset Based Valuation

•    Market Based Valuation

11.Regulatory and Taxation Aspects

•      Legal & Regulatory aspects related to Valuation such as SEBI Regulations/ RBI Regulations

•    Income Tax Implications

12.Valuations for Different Strategies

•    Merger & Acquisition, Demerger, Slump Sale

•    Liquidation and Corporate Insolvency

•    Internal & External Restructuring

•    Valuation of Intangibles

•    Valuation of Securities

Part C – Insolvency (20 Marks)

13.Introduction

•    Concept of Insolvency, Historical Developments

•    History of Bankruptcy Laws in USA, UK and India

14.Revival, Rehabilitation and Restructuring of Sick Companies

•    Sick  Companies  and  their  Revival  with  Special  Reference  to  the  Law  and

Procedure relating to Sick Companies

15. Securitization and Debt Recovery

•    Overview  of  the  Securitization  and  Reconstruction  of  Financial  Assets  and

Enforcement of Security Interest Act, 2002; Process; Participants

•      Special  Purpose  Vehicle  (SPV),  Asset  Reconstruction  Companies  (ARCs), Qualified Institutional Buyers (QIB)

•    Overview of the Recovery of Debts Due to Banks and Financial Institutions Act,

1993

•    Tribunal, Procedure; Compromises and Arrangements with Banks and Creditors

16.Winding Up

•    Concept; Modes of Winding Up; Administrative Machinery for Winding Up

•      Winding  up  Process  and  Procedure;  Managing  Stakeholders  and  Parties  in Liquidation; Conducting Meetings of Shareholders/Creditors; Dealing with Contracts; Managing Estate

•    Outsourcing Responsibilities to Professionals/Service providers such as Valuers,

Security Agencies

•      Best Practices in Performing Liquidation/Administrator Functions; Accountability and Liabilities; Role of Liquidators and Insolvency Practitioners

•    Consequences  of  Winding  Up;  Winding  Up  of  Unregistered  Companies;

Dissolution

17.Cross Border Insolvency

•    UNCITRAL Model Law on Cross Border Insolvency

•    UNCITRAL Legislative Guide to Insolvency Law

•    World Bank Principles for Effective Insolvency and Creditor Rights

•    Asian Development Bank Principles of Corporate Rescue and Rehabilitation

SPECIALIZATION MODULE AT PROFESSIONAL PROGRAMME DETAILED COURSE CONTENTS UNDER THE NEW SYLLABUS

PAPER 1: BANKING AND INSURANCE‐ LAW AND PRACTICE (100 Marks)

Level of Knowledge: Expert Knowledge

Objective: To acquire specialized knowledge of law and practice relating to Banking and Insurance.

Contents:

Part A: BANKING LAW (60 Marks)

1.   Overview of Banking System

2.   Regulatory Framework and Compliances

A. Provisions of RBI Act 1935, Banking Regulation Act 1949, Prevention of Money Laundering Act,

2002

B. Government and RBI’s Powers

•    Opening of New Banks and Branch Licensing

•    Constitution of Board of Directors and their Rights

•    Banks Share Holders and their Rights

•    CRR and SLR Concepts

•    Cash‐Currency Management

•    Winding up – Amalgamation and Mergers

•    Powers to Control Advances – Selective Credit Control – Monetary and Credit Policy

•    Audit and Inspection

•    Supervision and Control – Board for Financial Supervision – its Scope and Role

•    Disclosure of Accounts and Balance Sheets

•    Submission of Returns to RBI

•    Corporate Governance

3.   Legal Aspects of Banking Operations

•      Case Laws on Responsibility of Paying and Collecting Banker Indemnities or Guarantees – Scope and Application – Obligations of a Banker – Precautions and Rights – Laws relating to Bill  Finance,  LC  and  Deferred  Payments  –  Laws  Relating  to  Securities  –  Valuation  of Securities – Modes of Charging Securities – Lien, Pledge, Mortgage, Hypothecation etc – Registration of Firms/Companies – Creation of Charge and Satisfaction of Charge

4.   Banking Related Laws

•      Law of Limitation – Provisions of Bankers Book Evidence Act – Special Features of Recovery of Debts Due to Banks and Financial Institutions Act, 1993

a.   TDS

b.   Banking Cash Transaction Tax c.    Service Tax

d.   Asset Reconstruction Companies

•    The Securitization and  Reconstruction of  Financial Assets and Enforcement of  Security

Interest Act, 2002

a.   The Consumer Protection Act, 1986 b.   Banking Ombudsman

c.    Lok Adalats

d.   Lender’s Liability Act

5.   Banker – Customer Relations

•      The legal relationship between the Banker and Customer, the Multifarious Transactions between them and the Rights and Duties of the Parties springing out of such relationship

1.   Nature of Banking Business

2.   Legal Nature of Banker‐Customer Relationship and their Mutual Rights and Duties

3.   Special  Categories of  Customers, such  as  Corporations, Partnership Firms,  Hindu  Joint Families, Unincorporated Bodies, Trusts, Joint Account Holders, Minors, Nominee Accounts, Liquidator, Mercantile Agents, Non‐Resident Indians, Foreigners and the Legal Incidence of Each

4.   Different Types of Accounts such as Current Accounts, Savings Bank Account and Fixed

Deposits

5.   Other Transactions between Banker and Customer such as Safe Deposit Vaults, Financial

Advice, Letters of Introduction and Other Services Rendered by Banks

6.   special features of the relationship between banker and customer – Their mutual rights and duties – lien – Power to combine different accounts – Secrecy of account

6.   Loans and Advances

•      Law, Practice and Policies governing the employment of the funds in the hands of the banker with special reference to the lending banker

•    State Policy on Loans and Advances – Priority sector advances and socio‐economic policies

– Self‐Employment Schemes – Women Entrepreneurs – Small Scale Industries – Agricultural Finance, Export Finance, etc – How the banker profitably uses the fund – Call loans and loans repayable at short notice – Loans and advances – Overdrafts – Legal control over bank’s deployment of funds

7.   Securities for Banker’s Loans

•      The legal issues involved in and the practice governing the different kinds of securities for banker’s advances and loans

•    Guarantees, pledge, lien, mortgage, charge – subject matters of collateral security

a.   Corporate Securities

b.   Documents of title to goods c.    Land and Buildings

d.   Book debts e.   Life Policies

•    Factoring; Bill Discounting; Bank Guarantees; Letters of Credit; Commercial Papers

8.   Financial Analysis of Banks

•      Introduction; Role of financial analysis in financial management; Techniques of Financial Analysis; DuPont Model of Financial Analysis; Special issues in Financial Analysis of Banking Industry

9.   Financial System: An Overview

•      Introduction;  Role  of  Financial  System;  Capital  Flow  Through  Intermediary  Financial Institutions;   Direct   Capital   Flow;   Primary   Market   Products;   Primary   Market   Issue Facilitators; Secondary Market; Economic Importance of Financial Markets

10. Financial Management in Banks: An Introduction

•      Introduction;  Objectives  of  Financial  Management;  Scope  of  Financial  Management; Managing Bank Liabilities; Managing Bank Assets; Asset‐Liability Management; Managing Liquidity and Risk

11. Bank Financial Management

•    Overview of Financial System; Introduction to Financial Management in Banks; Financial

Analysis of Banks

•    Management of Funds: Sources

•    Management of Funds: Investments

•      Risk  Management:  An  Overview;     Estimating/Forecasting  of  Risks;  Measuring  Risks; Management of Risks; Asset‐Liability Management

•      Special Issues‐ Mergers and Acquisitions; Accounting Policies; Pricing of Bank Products & Services

•    Marketing of Financial Services

•    Financial Services in India

12. Marketing of Banking Services

•    Banking Products and Services

•    Distribution, Pricing and Promotion Strategy for Banking Services

•    Attracting and Retaining Bank Consumers

13. Merchant Banking and Allied Services

•      Issue Management; Stock Broking Services; Corporate Finance; Project Finance Services; Advisory and Consultancy Services

14. Marketing of Mutual Funds, Insurance, Pension Funds and Government Securities

•    Mutual Fund Markets in India: An Overview

•    Marketing of Insurance, Pension Funds and Govt. Securities

•    Segmentation, Targeting and Positioning

•    Development and Launching of New Products

•    Marketing Strategies for Mutual Funds

15. Beyond Tomorrow

•    Directions of Growth and Beyond Tomorrow

•    IT and its Implications

•    Globalisation and its Impact on Financial Services Markets

16. International Banking Management

•    International Banking : An Overview

•    Legal & Regulatory Framework

•    International Banking Operations Management

•    Risk Management in International Banking

•    Special  Issues:  Technology  and  International  Banking;  Globalisation  and  International

Banking; Financial Innovations in International Banking

17. Electronic Banking and IT in Banks

•    IT in Banking : An Introduction

•    IT Applications in Banking‐  Computer‐Based Information Systems for Banking; Electronic

Banking; Electronic Fund Management

•      Enabling Technologies of Modern Banking‐ Electronic Commerce and Banking; Supply Chain Management; Customer Relationship Management; Integrated Communication Networks for Banks

•    Security and Control Systems

•    Planning and Implementation of Information Systems

18. Risk Management in Banks

•    Risk Management: An Overview

•    Credit Risk Management

•    Liquidity and Market Risk Management

•    Operational Risk Management

•    Special Issues‐ Risk Management Organisation; Reporting of Banking Risk; Risk Adjusted

Performance Evaluation

19. Ethics and Corporate Governance in Banks

•    Ethics and Business

•    Corporate Governance

•    Corporate Social Responsibility

•    Governance in Financial Sector

Part B: INSURANCE LAW (40 Marks)

20. General Principles of Insurance Contract‐ I

•      Nature of Contract of Insurance ‐Insurance and Indemnity ‐Insurance and Guarantee ‐ Insurance and Wager ‐Feature of Insurance Contract ‐Types of Insurance Contract ‐Risk Trading Indemnity, Subrogation and Contribution

21. General Principles of Insurance Contract ‐II

•    Insurable Interest ‐Uberrimae fidei and Disclosure ‐Principle of Moral Hazards ‐Proximate

Cause ‐Reinsurance ‐Concept of Agency in Insurance Contract

22. Life Insurance

•      General  Principles  of  Life  Insurance  Contract  ‐Proposals  and  Policy  ‐Representation  ‐ Assignment and Nomination ‐Title and Claims ‐Tax Law Implications ‐Concept of Trusts in Life Policy ‐stamp Duties ‐Life Insurance Corporation ‐Role and Function

23. General Insurance ‐I

•      Different Types of General Insurance ‐General Insurance and Life Insurance ‐Nature of Fire Insurance ‐Representation ‐Various Types of Fire Policy Subrogation ‐Double Insurance ‐ Contribution and Average ‐Proximate Cause ‐Claims and Recovery

•    Accident and  Motor  Insurance ‐Nature  ‐Disclosure ‐Terms  and  Conditions ‐Claims  and

Recovery ‐Third Party Insurance ‐Compulsory Motor Vehicle Insurance ‐Accident Insurance

•    Burglary Insurance ‐Nature, Terms and Conditions

•    Medical Insurance ‐Nature, Terms and Conditions

24. General Insurance‐ II

•    Regulation of Insurance Business, Insurance Act and IRDA Act; Powers and Functions of

IRDA

•    Marine Insurance Scope and Nature ‐Types of Policy ‐Insurable Interest ‐Disclosure and

Representation ‐Insured

•    Perils ‐Proximity Cause ‐Voyage ‐Warranties ‐Loss and Abandonment ‐Losses and Average ‐

Measurement of Subrogation, Contribution ‐Under Insurance

PAPER 2: INTERNATIONAL TRADE‐ LAW AND PRACTICE (100 Marks)

Level of Knowledge: Expert Knowledge

Objective: To acquire advance knowledge in international trade, law, procedure and practices.

Contents:

1.   Introduction

•        International Trade‐ Reasons and Motivation

•        Emerging Trends in International Trade

•        International Marketing

•        International Financial Management

•        International Business Strategy

•        Risk and Insurance in International Trade

•        Instruments of Payments

•        Regional Trading Blocks

•        Regulatory Institutions of International Trade

•        Role of WTO, IMF, World Bank

•        INCO Terms

•        Non Tariff Barriers

2.   Global Competitiveness

•        Macroeconomic and Business Strategy Perspective

•        Framework for Assessing Competitiveness‐ Various Approaches

•        International and National Competitiveness Studies

•        Government Policy and Competitiveness

•        Competitiveness through Integrated Process Management

3.   Foreign Trade Policy and Procedures

•        Introduction to Foreign Trade Policy

•        Institutional Framework for Export Promotion

•        Export Incentives and Facilities

•        EPZ/FTZ/100% EOUs

•        Quality Control for Exports

•        Export Prospects for Select Products and Services

4.   Export‐Import Policy and Procedures

•        Pre‐Shipment and Post Shipment Finance

•        SEZ‐Incentives and Benefits

•        Method of Realizing Export Payments and Ensuring Guaranteed Export Payment

•        Central Excise Clearance Formalities

•        Customs Regulations and Clearance Formalities for Exports & Imports

•        Duty Draw Back Claims Procedure

•        Payments Against Exports

•        Payments Against Imports

•        Foreign Exchange Risk Management

•        Warehousing

5.   International Trade and Trading Blocks

•        Theory and Policy

•        Institutionalization of International Trade

•        Pre‐GATT Scenario, GATT and International Trade

•        Establishment of World Trade Organization

•           Other International Trade Organizations including Regional Trading Blocks‐ ASEAN, SAARC, SAPTA, NAFTA, Etc.

•        Double Taxation Avoidance Agreements (DTAA)

6.   World Trade Organisation

•        Basic Principles of WTO and GATT‐ Functions and Areas of Operations

•        Various Agreements under WTO

•        Dispute Settlement under  WTO‐  Rules,  Regulations and  Procedures relating  to

Settlement of Disputes under WTO

7.   Anti‐Dumping Duties

•        WTO Provisions on Anti‐Dumping

•        Anti‐Dumping Laws, Anti‐Dumping Duties, Regulatory Framework, Procedure and

Developments

8.   Subsidies and Countervailing Duties

•        WTO Provisions

•        Administration

•        Procedure and Emerging Trends

9.   Foreign Collaborations and Joint Ventures

•        Foreign Direct Investment Policy, Industrial Policy

•        Kinds of Collaboration and Joint Ventures

•        Drafting of Agreement

•        Restrictive Clauses in the Foreign Collaboration/Joint Venture Agreements

•        International Commercial Arbitration

10. Logistics Management

•        Logistics Framework‐ Concept, Objective and Scope

•           Transportation,  Warehousing,  Inventory  Management,  Packing  and  Unitization, Control and Communication

•        Role of IT in Logistics, Logistics Service Firms and Third Party Logistics

PAPER 3: INTELLECTUAL PROPERTY RIGHTS ‐ LAW AND PRACTICE (100 Marks)

Level of Knowledge: Expert Knowledge

Objective: To acquire advance knowledge of law and practices relating to intellectual property.

Contents:

1.   Introduction

•        Meaning, Relevance, Business Impact, Protection of Intellectual Property

•        Copyrights,   Trademarks,   Patents,   Designs,   Trade   Secrets   and   Geographical

Indications

•        Competing Rationales for Protection of Intellectual Property Rights

•           Introduction  to  the  leading  International  Instruments  concerning  Intellectual Property  Rights:  the  Berne  Convention, Universal  Copyright  Convention, The  Paris Convention, TRIPS, The World Intellectual Property Organization (WIPO) and the UNESCO

2.   Patents

•        Concept of Patent

•        Product / Design Patents & Terminology

•        Ownership of Patents

•        Duration of Patents‐ Law and Policy Consideration

•        Elements of Patentability

•        Patentable Subject Matter

•        Utility, Novelty and Non‐Obviousness

•        Procedure for Filing Patents and Grounds for Opposition

•           Worldwide Patent Protection (TRIPS, Paris Convention, Patent Co‐operation Treaty and Patent Harmonization including Sui‐Generis System)

3.   Building Patent Databases & Library Generation

•        Patent Offices in India

•        Patent search through Internet

•        Patent search through Library / Records

•        Organization of Patent Library

•        Patent Information and Databases

4.   Preparation of Patents Documents

•        Lab Notebooks/Log Books/Record Books

•        Methods of Invention Disclosures

•        Prior Art Search & Public Domain Information

•        Patent Application Contents

•        Patent Reading & Writing Methods

5.   Process for Examination of Patent

•        Filing Process

•        Strategic Patent Applications

•        Process for Examination & Prosecution

•        Reissue & Reexamination

•        Patent Marking

•        3rd Party Licensing

6.   Software Patents

•        Software Patenting in Indian & International Jurisdiction

7.   Design Patents

•        Product Designs & Drawings

•        Shapes

•        International Standards

•        Instruments

8.   Patent Infringement

•        Literal Infringement

•        Doctrine of Equivalence and Doctrine of Colorable Variation

•        Contributory Infringement

•        Defenses to Infringement including Experimental Use, Inequitable Conduct, Patent

Misuse

•        Legal Aspects (Act, Rules, Procedures)

•        Government   use   of   Inventions   and   Acquisition   of   Inventions   by   Central

Government

•        Injunction and Related Remedies

•        Appeals to Appellate Board

9.   Recent Developments in Patent System

•        Patentable Inventions with Special Reference to Biotechnology Products entailing

Creation of New Forms of Life

10. Trademarks

•           The rationale of protection of trademark as (a) an aspect of commercial and (b) of consumer rights

•        Definition and concept of Trademarks

•        Different kinds of marks (brand names, logos, signatures, symbols)

•        Use of a Mark

•        Registration of Trademarks‐Procedure

•        Opposition to Registration‐Procedure

•        What Marks are Registrable / Not Registrable

•        Concurrent Registration

•        Similarity of Marks

•        Assignment / Transmission / Licensing of Trademarks

•        Infringement of Trademarks

•        Passing off Action

•        Offences and Penalties

•        International Conventions

•        Domain Names / Trademarks

•        WIPO Internet Domain Name Process

11. Copyrights

•        Nature of Copyright

•        Works in which Copyrights subsist

•        Author & Ownership of Copyright

•        Rights Conferred by Copyright

•        Assignment, Transmission, Licensing of Copyrights

•        Infringement of Copyrights

•        Remedies & Actions for Infringement of Copyrights

•        Copyright Societies, Office, Board, Registration of Copyrights & Appeals

•        International Conventions

•        Copyright pertaining to Software/Internet

•        Remedies, especially, possibility of Anton Pillar Injunctive Relief in India

12. Industrial Designs

•        What is a Registrable Design

•        What is not a Design

•        Novelty & Originality

•        Registration of Designs

•        Copyright under the Design Act

•        Assignment, Transmission, Licenses

•        Infringement

•        Remedies

13. Geographical Indications and Trade Secrets

•        Meaning and Nature

•        Conditions & Procedure for Registration

•        Offences and Penalties

14. Key Business Concerns in Commercializing Intellectual Property Rights

•        Competition and Confidentiality Issues, Antitrust Laws

•        Employee Confidentiality

•        Assignment of Intellectual Property Rights

•        Technology Transfer Agreements

•        Intellectual Property Issues in the Sale of Business

•        Care & Maintenance of Confidential Information

•        Legal Auditing of Intellectual Property

•        Due Diligence of Intellectual Property Rights in a Corporate Transaction

15. Management of Intellectual Property

u

17. Recent Trends and Development

PAPER 4: COMMODITY, MONEY & CAPITAL MARKET (100 Marks)

Level of Knowledge: Expert Knowledge

Objective: To acquire advance knowledge relating to structure, functioning, operational policies and practices of various markets.

Contents:

Part A: Commodity and Money Market (40 Marks)

1.   Introduction to Commodity Market

•        Origin of Commodity Market in India

•        Products, Participants and Functions

•        Commodity Derivatives Markets

•        Difference between Commodity and Financial Derivatives

•        Evolution           of    Commodity    Exchanges,    Global    Commodity    Derivatives

Exchanges, Latest Developments

•           NCDEX Platform – Structure, Exchange Membership, Risk Management, Clearing and Settlement System and Commodities Traded on the NCDEX Platform

2.   Application of Commodity Futures

•           Instruments Available for Trading ‐ Forward Contracts, Futures and Options, Pay Off for F&O, using Futures versus Options

•        Pricing Commodity Futures‐Investment Assets versus Consumption Assets

•        Cost of Carry Model, Futures Basis

•        Using Commodity Futures for Hedging, Speculation and Arbitrage

3.   Trading, Clearing and Settlement

•           Trading‐  Futures  Trading  System,  Entities  in  the  Trading  System,  Commodity Futures Trading Cycle, Order Types and Trading, Parameters, Margins for Trading in Futures, Charges, Hedge Limits

•        Clearing and  Settlement‐ Clearing, Settlement, Risk  Management, Margining at

NCDEX and Standard Portfolio Analysis of Risk (SPAN)

4.   Regulatory Framework of Commodity Derivatives

•        Rules   Governing   Commodity   Derivatives   Exchanges,   Participants,   Investor

Grievances and Arbitration

•        Implications of Sales Tax, Value Added Tax (VAT) and Obligations

•        Electronic          Spot Exchange ‐ NCDEX Spot Exchange Ltd. (NSPOT)

5.   Introduction to Money Market

•        Financial Systems in India, Money Market, Debt Market, Capital Market, Need for

Correlating        them

•           Characteristics  of   Money   Market,  Call   Money   Market‐  Players,   Utility   and Regulatory  Body;  Commercial Paper‐Players, Utility  and  Issuing  and  Paying  Agent; Certificate of Deposit; Treasury Bills

•        Difference between Capital Market and Money Market

PART B: Capital Market (60 Marks)

6.   Introduction to Capital Market in India

•        Meaning, Nature and Role

•        Features of Developed Capital Market, Reforms in the Capital Market

•        Capital Market‐ Instruments and Innovation in Financial Instruments

7.   An Overview of Legal and Regulatory Framework

•        Capital Market Regulatory Framework

i.                     Securities Contracts (Regulation) Act, 1956

ii.                     SEBI Act, 1992

iii.                     Depositories Act, 1996

iv.                     Authorities Governing Capital Markets‐ Objective, Power and Functions of

SEBI

v.                     Securities Appellate Tribunal, Appearance before SAT

8.   Primary and Secondary Market in India

•        Primary Capital Market Scenario in India

•        Primary  Market  Intermediaries,  Primary  Market  Activities,  Methods  of  Raising

Resources from International Market

•        Secondary Market Scenario in India

•        Reforms  in  Secondary  Market,  Organization  and  Management,  Trading  and

Settlement, NEAT/BOLT System

•           Market Types, Auction   Listing of Securities, Stock Market Index, Stock Brokers, Sub‐Brokers, Broker‐ Clients  Relationship, Trading Mechanism Steps taken by SEBI to Increase Liquidity in the Stock Market

9.   Depository System in India

•        Overview of Depository System in India

•           Depositories Act; Definitions, Setting Up Depository; its Type; Role and Functions of Depository;     Depository     Participants;     Dematerialization     vs.      Immobilization, Rematerialisation, Depository Process, Inspection and Penalties;  Internal Audit and Concurrent Audit of Depository Participants

10. Debt market

•        Importance, Participants, Types of Instrument, Primary and Secondary Segments of

Debt Market

11. Collective Investment Schemes

•        Regulatory Framework Governing Collective Investment Schemes

•        Restrictions on Business Activities, Submission of Information and Documents

•        Trustees and their Obligations

12. Financial Institutions in India

•           Role and Policy Measures relating to Development Banks and Financial Institution in India, Products and Services offered by Financial Institutions

13. Venture Capital

•        Concept of Venture Capital, Regulatory Framework, Nature and Scope,

•           Venture Capital in India, Venture Capital Firms Registration, Investment Conditions and Restrictions

•        Foreign Venture Capital Investors, Private Capital Funds

•        Factoring Agreements & Discounting of Bill