CS Executive Exam 2023 Syllabus – ICSI
The CS Executive 2023 Syllabus covers a wide range of subjects essential for aspiring Company Secretaries. It includes modules such as Company Law, Cost and Management Accounting, Tax Laws and Practice, Economic and Commercial Laws, Company Accounts and Auditing Practices, Capital Markets and Securities Laws, and Industrial, Labour, and General Laws. Through this syllabus, candidates gain in-depth knowledge of legal provisions, financial management, taxation, corporate governance, and other vital aspects of corporate management.
By studying the CS Executive 2023 Syllabus, candidates develop a strong foundation in company law, finance, taxation, and other relevant areas. It equips them with the necessary skills and expertise to tackle complex issues in the corporate sector. With focused preparation aligned with the syllabus, candidates can confidently appear for the CS Executive exams and set themselves on the path to becoming successful Company Secretaries.
Sources of law
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Meaning of law and its significance; relevance of law to civil society; jurisprudence and legal theory; schools of law propounded by Austin, Dean Roscoe Pound, Salmond, Kelsen and Bentham; statutes, subordinate legislation, custom, common law |
Precedent, stare decisis |
Constitution of India
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Broad framework of the constitution of India; fundamental rights, directive principles of state policy and fundamental duties; legislative framework and powers of union and states; judicial framework; executive/ administrative framework |
Legislative process; money bill; finance bill and other bills; parliamentary standing committees and their role; writ jurisdiction of high courts and the supreme court; different types of writs |
Interpretation of statutes
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Need for interpretation of a statute; principles of interpretation; aids to interpretation; legal terminologies; reading a bare act and citation of cases |
General clauses act, 1897
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key definitions; general rule of construction; retrospective amendments; powers and functions; power as to orders, rules, etc, made under enactments |
Administrative laws
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Conceptual analysis; source and need of administrative law; principle of natural justice; administrative discretion; judicial review and other remedies; liability of government, public corporation |
Law of torts
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General conditions of liability for a tort; strict and absolute liability; vicarious liability; torts or wrongs to personal safety and freedom; liability of a corporate entity/ company in torts; remedies in torts |
Limitation act, 1963
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Computation of the period of limitation; bar of limitation; effect of acknowledgment; acquisition of ownership by possession; classification of period of limitation |
Civil procedure code, 1908
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Structure and jurisdiction of civil courts; basic understanding of certain terms-order, judgment and decree, stay of suits, cause of action, res judicata, summary proceedings, appeals, reference, review, and revision |
Powers of civil court and their exercise by tribunals; institution of suit; summary procedure |
Indian penal code, 1860
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Introduction; offences against property-criminal misappropriation of property, criminal breach of trust, cheating, fraudulent deeds and dispositions of property; offences relating to documents and property marks-forgery; defamation |
Abetment and criminal conspiracy |
Criminal procedure code, 1973
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Classes of criminal courts; power of courts; arrest of persons; mens rea; cognizable and non-cognizable offences; bail; continuing offences; compounding of offences; summons and warrants; searches; summary trial |
Indian evidence act, 1872
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Statements about the facts to be proved; relevancy of facts connected with the fact to be proved; opinion of third persons; facts of which evidence cannot be given; oral, documentary and circumstantial evidence; burden of proof; presumptions; estoppel |
Witness; improper admission and rejection of evidence |
Special courts, tribunals under companies act and other legislations
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Constitution; powers of tribunals; procedure before tribunals; powers of special courts; power to punish for contempt; overview of NCLT rules; quasi-judicial authorities |
Arbitration and conciliation act, 1996
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Arbitration law in India; appointment of arbitrators; judicial intervention; award; recourse against award; conciliation and mediation |
Indian stamp act, 1899
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Key definitions; principles of levy of stamp duty; determination, mode and timing of stamp duty; person responsible; consequences of non-stamping and under-stamping; adjudication; allowance and refund; concept of e-stamping |
Registration act, 1908
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Registration of documents: Compulsory, optional; time and place of registration; consequences of non-registration; prerequisites for registration |
Right to information act, 2005
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Key definitions; public authorities and their obligations; role of central/ state governments; central information commission; state information commission |
Information technology act, 2000
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Introduction, definition, important terms under the act; digital signatures, electronic record, certifying authority, digital signature certificate; cyber regulation appellate tribunal; offences and penalties |
Rules relating to sensitive personal data under IT act |
Company law, principles, and concepts
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Introduction to company law: Jurisprudence of company law; meaning, nature, features of a company; judicial acceptance of the company as a separate legal entity; concept of corporate veil, applicability of companies act; definitions and key concepts |
Shares and share capital: Meaning and types of capital; concept of issue and allotment; issue of share certificates; further issue of share capital; issue of shares on private and preferential basis; rights issue and bonus shares, Sweat equity shares and ESOPs |
Members and shareholders: How to become a member; register of members; declaration of beneficial interest; rectification of register of members; rights of members; variation of shareholders’ rights; shareholders democracy; shareholder agreement, Subscription agreements; veto powers |
Debt instruments: Issue and redemption of debentures and bonds; creation of security; debenture redemption reserve; debenture trust deed; conversion of debentures into shares; overview of company deposits |
Charges: Creation of charges; registration, modification and satisfaction of charges; register of charges; inspection of charges; punishment for contravention; rectification by central government in register of charges |
Distribution of profits: Profit and ascertainment of divisible profits; declaration and payment of dividend; unpaid dividend account; investor education and protection fund; right to dividend; rights shares and bonus shares to be held in abeyance |
Corporate social responsibility: Applicability of CSR; types of CSR activities; CSR committee and expenditure; net profit for CSR; reporting requirements |
Accounts, audit, and auditors: Books of accounts, Audit and auditor’s report |
Transparency and disclosures: Board’s report; annual return; annual report; website disclosures; policies |
An overview of inter-corporate loans, investments, guarantees and security, related party transactions |
Registers and records: Maintenance and disposal |
An overview of corporate reorganization |
Introduction to MCA 21 and filing in XBRL |
Global trends and developments in company law |
Company administration and meetings-law and practices
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Board constitution and its powers: Board composition; restriction and powers of board; board committees-audit committee, nomination and remuneration committee, stakeholder relationship committee and other committees |
Directors: DIN requirement, types of directors; appointment/ reappointment, disqualifications, vacation of office, retirement, resignation and removal, and duties of directors; rights of directors; loans to directors; disclosure of interest |
Key managerial personnel (KMP’s) and their remuneration: Appointment of key managerial personnel; managing and whole-time directors, manager, chief executive officer and chief financial officer; company secretary-appointment, role and responsibilities |
Key managerial personnel (KMP’s) and their remuneration: Company secretary-company secretary as a key managerial personnel; functions of company secretary; officer who is in default; remuneration of managerial personnel |
Meetings of board and its committees: Frequency, convening and proceedings of board and committee meetings; agenda management; management information system; meeting management; resolution by circulation; types of resolutions; secretarial standard-1 |
Meetings of board and its committees: Duties of company secretaries before, during and after board/ committee meeting |
General meetings: Annual general meeting; extraordinary general meetings; other general meetings; types of resolutions; notice, quorum, poll, chairman, proxy; meeting and agenda; process of conducting meeting; voting and its types-vote on show of hands |
General meetings: Voting and its types-poll, e-voting, postal ballot; circulation of members’ resolutions etc; signing and inspection of minutes; secretarial standard-2; duties of company secretaries before, during and after general meeting |
Virtual meetings: Technological advancement in conduct of board committee and general meetings; e-AGM |
Company secretary as a profession
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Legal framework governing company secretaries: The company secretaries act, 1980 along with rules and regulations; disciplinary mechanism and penalties for professional misconduct; ethics in profession, professional liabilities |
Secretarial standards board: Secretarial standards board of ICSI; process of making secretarial standards; need and scope of secretarial standards |
Mega firms: Concept of mega firms; benefits of mega firms, eligibility criteria for partner, agreement between partners; management of firm; collective multidisciplinary expertise; public relation and brand building |
Setting up of business
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Choice of business organization: Key features of various structures and issues in choosing between business structures including identification of location; tax implications etc |
Company: Private company; public company; one person company; nidhi company; producer company; foreign company-liaison offices; branch office and project office; formation and registration |
Charter documents of companies: Memorandum of association and articles of association; doctrine of ultra-vires; doctrine of indoor management; doctrine of constructive notice; incorporation contracts; alteration in MOA and AOA-change of name |
Legal status of registered companies: Small company; holding company; subsidiary company and associate company; inactive company; dormant company; government company |
Limited liability partnership: Concept of LLP; formation and registration; LLP agreement; alteration in LLP agreement; annual and event based compliances |
Other forms of business organizations: Partnership; Hindu undivided family; sole proprietorship; multi state co-operative society; formation; partnership agreement and its registration |
Institutions not for profit and NGOs: Section 8 company; trust and society-formation and registration |
Financial services organization: NBFCs; housing finance company; asset reconstruction company; micro finance institutions (MFIs); nidhi companies; payment banks; registration |
Start-ups: Start-up India policy; registration process; benefits under the companies act and other government policies; different types of capital-seed capital; venture capital; private equity; angel investor; mudra bank |
Joint ventures; special purpose vehicles: Purpose and process |
Setting up of business outside India: Issues in choosing location; structure and the processes involved |
Conversion of existing business entity: Conversion of private company into public company and vice versa; conversion of section 8 company into other kind of company; conversion of company into LLP and vice versa |
Registration; licenses and compliances
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Various initial registrations and licenses: Mandatory registration-PAN; TAN; GST registration; shops and establishments; SSI/ MSME; additional registration/ license-ESI/ PF; FCRA; pollution; other registration as per requirement of sector; IE code, Drug license; FSSAI; trademark; copyright; patent; design; RBI; banking; IRDA; telecom; I and B; MSME registration; udyog aadhar memorandum; industrial license, Industrial entrepreneurs memorandum (IEM); state level approval from the respective state industrial department |
Maintenance of registers and records: Register and records required to be maintained by an enterprise |
Identifying laws applicable to various industries and their initial compliances: Compliance of industry specific laws applicable to an entity at the time of setting up of the enterprise |
Intellectual property laws (provisions applicable for setting up of business): Copyright act; 1957; patents act; 1970; trade mark act; 1999; geographical indication of goods (registration and protection) act; 1999; designs act; 2000 |
Compliances under labour laws (provisions applicable for setting up of business): Factories act; 1948; minimum wages act; 1948; payment of wages act; 1936; equal remuneration act; 1976; employees’ state insurance act; 1948, Employees’ provident funds and miscellaneous provisions act; 1952; payment of bonus act; 1965; Payment of gratuity act; 1972; employees compensation act; 1923, Contract labour (regulation and abolition) act; 1970; industrial disputes act; 1947; trade unions act; 1926; maternity relief act; 1961, Child and adolescent labour (prohibition and regulation) act; 1986; persons with disabilities (equal opportunities; protection of rights and full participation) act, 1995, Prevention of sexual harassment of women at workplace (prevention; prohibition and redressal) act; 2013 |
Compliances relating to environmental laws (provisions applicable for setting up of business): Water (prevention and control of pollution) act; 1974; air (prevention and control of pollution) act; 1981; environment protection act; 1986, Public liability insurance act; 1991; national green tribunal act; 2010 |
Insolvency; winding up and closure of business
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Dormant company: Obtaining dormant status and dormant to active status |
Strike off and restoration of name of the company and LLP |
Insolvency resolution process; liquidation and winding-up: An overview |
Direct taxes
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Direct taxes at a glance: Background of taxation system in India; vital statistics; layout; administration |
Basic concepts of income tax: An overview of finance bill; important definitions under income tax act, 1961; distinction between capital and revenue receipts and expenditure; residential status and basis of charge; scope of total income; tax rates |
Incomes which do not form part of total income: Incomes not included in total income; tax holidays |
Computation of income under various heads: Income from salary; income from house property; profit and gains of business or profession; capital gains; income from other sources; fair market value |
Clubbing provisions and set off and/ or carry forward of losses: Income of other persons included in assesee’s total income; aggregation of income; set off and/ or carry forward of losses |
Deductions from gross total income and rebate and relief: Deductions in respect of certain payments; specific deductions in respect of certain income; deductions in respect for donations for expenditure under CSR activities; rebates and reliefs |
Computation of total income and tax liability of various entities: Individual; Hindu undivided family ‘HUF’; alternate minimum tax (AMT); partnership firm/ LLP; co-operative societies; association of person ‘AOP’ and body of individual ‘BOI’, Political parties; electoral trusts; exempt organization-registration u/s 12A/ 12AA |
Classification and tax incidence on companies: Computation of taxable income and tax liability of company; dividend distribution tax; minimum alternate tax ‘MAT’; other special provisions relating to companies; equalization levy |
Procedural compliance: Permanent account number ‘PAN’/ tax collection account number ‘TAN’; tax deduction at source ‘TDS’ and tax collection at source ‘TCS’; advance tax and self assessment tax ‘SAT’; returns, signatures, e-filing, Fee and interest for default in furnishing return of income; collection, recovery of tax, refunds |
Assessment, appeals, and revision: Assessment; types of assessment; appeals; revisions; search, seizure, penalty and offences |
Indirect taxes-goods and service tax
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Concept of indirect taxes at a glance: Background; constitutional powers of taxation; indirect taxes in India-an overview; pre-GST tax structure and deficiencies; administration of indirect taxation in India; existing tax structure |
Basics of goods and services tax ‘GST’: Basics concept and overview of GST; constitutional framework of GST; GST model-CGST/ IGST/ SGST/ UTGST; taxable event; concept of supply including composite and mixed supply; levy and collection of CGST and IGST |
Basics of goods and services tax ‘GST’: Composition scheme and reverse charge; exemptions under GST |
Concept of time, value, and place of taxable supply: Basic concepts of time and value of taxable supply; basics concept of place of taxable supply |
Input tax credit and computation of GST liability-overview |
Procedural compliance under GST: Registration; tax invoice, debit and credit note, account and record, electronic way bill; return, payment of tax, refund procedures; audit |
Basic overview on integrated goods and service tax (IGST), union territory goods and service tax (UTGST), and GST compensation to states |
Indirect taxes-customs act
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Overview of customs act: Overview of customs law; levy and collection of customs duties; types of custom duties; classification and valuation of import and export goods; exemption; officers of customs; administration of customs law |
Overview of customs act: Import and export procedures; transportation, and warehousing; duty drawback; demand and recovery; confiscation of goods and conveyances; refund |
Corporate accounting
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Introduction to financial accounting |
Introduction to corporate accounting: Records of accounts to be maintained by a company |
Accounting for share capital: Issue of shares; forfeiture and re-issue of shares, accounting treatment of premium, buyback of shares; redemption and conversion; capital redemption reserve, bonus shares; rights issue, ESOPs, ESPS |
Accounting for share capital: Sweat equity shares and underwriting; book building |
Accounting for debentures: Accounting treatment, debenture redemption reserve, redemption of debentures and conversion of debentures into shares |
Accounting for debentures: Deferred tax |
Related aspects of company accounts: Accounting for ESOP, buy-back, equity shares with differential rights, underwriting and debentures |
Financial statements interpretation: Preparation and presentation of financial statements; quarterly, half-yearly and annual financial statement pursuant to listing regulations; depreciation provisions and reserves |
Financial statements interpretation: Determination of managerial remuneration; corporate social responsibility spend, various disclosures under the companies act, 2013, LODR and applicable accounting standards; related party and segment reporting |
Financial statements interpretation: Audit queries; how to read and interpret financial statements |
Consolidation of accounts as per companies act, 2013: Holding company, subsidiary companies, associate companies and joint venture; accounting treatment and disclosures |
Corporate financial reporting: Requirements of corporate reporting; recent trends in financial reporting |
Cash flow statements: Preparation and their analysis |
Accounting standards (AS): Applicability, interpretation, scope and compliance; international financial reporting standards; overview of AS, AS vs. Ind AS vs. IFRS |
National and international accounting authorities |
Adoption, convergence and interpretation of international financial reporting standards (IFRS) and accounting standards in India |
Management accounting and valuation
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An overview of cost: Importance and relevance of cost accounting; material cost, labour cost, direct expenses and overheads, cost sheet |
Cost accounting records and cost audit under companies act, 2013 |
Budget, budgeting, and budgetary control: Preparation of various types of budgets; budgetary control system; zero based budgeting; performance budgeting |
Ratio analysis: Financial analysis through ratios |
Management reporting (management information systems) |
Decision making tools: Marginal costing; transfer pricing |
Valuation principles and framework: Conceptual framework of valuation, valuation rules; valuation of securities or financial assets; approaches of valuation-assets approach, income approach; market approach; registered valuer; IND AS valuation |
Valuation of shares, business, and intangible assets: Regulatory valuations; companies act; insolvency and bankruptcy code; income tax act; SEBI law; FEMA and RBI guidelines |
Accounting for share based payments (IndAS 102) |
Business and intangible assets |
Methods of valuation: Net assets valuation: Relative valuation (comparable companies/ transactions); discounted cash flow valuation; other methods |
Laws of Securities
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Securities contracts (regulations) act 1956: Objectives of the SCR act, rules and regulations made there under; important definitions; recognized stock exchange, clearing corporation; public issue and listing of securities |
Securities contracts (regulations) act 1957: Rules relating to public issue and listing of securities under securities contracts (regulation) rules, 1957 |
Securities and exchange board of India act, 1992: Objective; powers and functions of SEBI: securities appellate tribunal; penalties and appeals |
Depositories act, 1996: Depository system in India; role and functions of depositories; depository participants; admission of securities; dematerialization and rematerialisation; depository process; inspection and penalties |
Depositories act, 1996: Internal audit and concurrent audit of depository participants |
An overview of SEBI (issue of capital and disclosure requirements) regulations, 2009 |
An overview of SEBI (listing obligations and disclosure requirements) regulations, 2015 |
An overview of SEBI (substantial acquisition of shares and takeovers) regulations, 2011 |
SEBI (buyback of securities) regulations, 1998: Conditions of buy-back; buy back methods: Tender offer, open market (book building and stock exchange); general obligations; penalties |
SEBI (delisting of equity shares) regulations, 2009: Delisting of equity shares; voluntary delisting; exit opportunity; compulsory delisting. |
An overview of SEBI (share based employee benefits) regulations, 2014 |
An overview of SEBI (issue of sweat equity) regulations, 2002 |
EBI (prohibition of insider trading) regulations, 2015 |
Mutual funds: Types of mutual funds and schemes; key players in mutual funds: sponsor, asset management company, trustee, unit holder, evaluating performance of mutual funds-net asset value, expense ratio, holding period return |
Collective investment schemes: Regulatory framework; restrictions on business activities; submission of information and documents; trustees and their obligations |
SEBI (ombudsman) regulations, 2003: Procedure for redressal of grievances; implementation of the award; display of the particulars of the ombudsman, SCORES, SEBI (informal guidance) scheme, 2003 |
Capital market and intermediaries
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Structure of capital market: (i) Primary market-(a) capital market investment institutions-domestic financial institutions (DFI), qualified institutional buyers (QIB), foreign portfolio investors (FPI), private equity, angel funds, HNIs, venture capital |
Structure of capital market: (i) Primary market-(a) capital market investment institutions-pension funds, alternative investment funds. (b) Capital market instruments-equities, preference shares, shares with differential voting rights, corporate debt |
Structure of capital market: (i) Primary market-(b) Capital market instruments-non-convertible debentures (NCD), partly, fully, and optionally convertible debentures, bonds, foreign currency convertible bonds (FCCB) |
Structure of capital market: (i) Primary market-(b) Capital market instruments-foreign currency exchangeable bonds (FCEB), Indian depository receipts (IDR), derivatives, warrants. (c) Aspects of primary market-book building, ASBA, green shoe option |
Structure of capital market: (ii) Secondary market-development of stock market in India; stock market and its operations, trading mechanism, block and bulk deals, grouping, basis of sensex, nifty; suspension and penalties; surveillance mechanism |
Structure of capital market: (ii) Secondary market-risk management in secondary market, impact of various policies on stock markets such as credit policy of RBI, fed policy, inflation index, CPI, WPI, etc |
Securities market intermediaries: Primary market and secondary market intermediaries-role and functions, merchant bankers, stock brokers, syndicate members, registrars and transfer agents, underwriters, bankers to an issue, portfolio managers |
Securities market intermediaries: Primary market and secondary market intermediaries-debenture trustees, investment advisers, research analysts, market makers, credit rating agencies; internal audit of intermediaries by company secretary in practice |
Foreign exchange management and NBFCs
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Reserve Bank of India act, 1934: Central banking functions; monetary policy; penalties |
Foreign exchange management act, 1999: Introduction |
Foreign exchange transactions and compliances: Current and capital account transactions; acquisition and transfer of immovable property in India and abroad; realization and repatriation of foreign exchange; brief information of other FEMA regulations |
Foreign contribution (regulation) act, 2010: Introduction and object, eligible contributor, eligible receiver, registration, offences, and penalties |
Foreign direct investments-regulations and FDI policy: Automatic and approval route of FDI; setting up of subsidiary/ joint venture/ liaison office/ branch office by non-residents; foreign portfolio investments |
Overseas direct investment: ODI policy, foreign currency remittances, setting up of subsidiary/ joint venture/ branch office |
Liberalized remittance scheme: Investment outside India by Indian residents |
External commercial borrowings (ECB): An overview |
Foreign trade policy and procedure: Merchandise exports from India scheme (MEIS); service exports from India scheme (SEIS); duty exemption/ remission schemes; export oriented units (EOUS); electronics hardware technology parks (EHTPS) |
Foreign trade policy and procedure: Software technology parks (STPS). Bio-technology parks (BTPS). Imports and related policies |
Non banking finance companies(NBFCs): Definition; types; requirement of registration as NBFC and exemptions from registration as NBFC; micro finance institutions, activities of NBFCs; compliances by the NBFCs and requirements of approvals of RBI |
Non banking finance companies(NBFCs): Deposit accepting and non-deposit accepting NBFCs; deemed NBFC; core investment company and systemically important core investment companies; peer to peer lending; defaults, adjudication, prosecutions and penalties |
Special economic zones act, 2005: Establishment of special economic zones; approval and authorization to operate SEZ; setting up of unit; special economic zone authority |
Competition law
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Competition act, 2002: Competition policy; anti-competitive agreements; abuse of dominant position; overview of combination and regulation of combinations; competition advocacy; competition commission of India; appellate tribunal |
Business, and commercial laws-consumer protection
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Consumer protection act, 1986: Consumer protection in India; rights of consumers; consumer dispute redressal forums; nature and scope of remedies |
Essential commodities act, 1955: Essential commodities; powers of central government; authorities responsible to administer the act; delegation of powers; nature of order passed under the act; seizure and confiscation of essential commodities |
Essential commodities act, 1955: Offences by companies |
Legal metrology act, 2009: Standard weights and measures; power of inspection, seizure; declarations on pre-packaged commodities; offences and penalties |
Business, and commercial laws-property law
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Transfer of property act, 1882: Types of properties; properties which cannot be transferred; rule against perpetuities; Lis pendens; provisions relating to sale; mortgage, charge, lease, gift and actionable claim; specific performance |
Real estate (regulation and development) act, 2016: Registration of real estate project; real estate agents; real estate regulatory authority; central advisory council; the real estate appellate tribunal; offences, penalties and adjudication |
Real estate (regulation and development) act, 2016: Specimen agreement for sale between the promoter and the allottee; due diligence reporting |
Business, and commercial laws-anti-corruption laws
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Benami transaction prohibitions (act): Benami property; benami transaction, prohibition of benami transaction; authority, adjudication of benami property |
Prevention of money laundering: problem and adverse effect of money laundering; methods of money laundering; offence of money laundering; attachment, adjudication and confiscation |
Business, and commercial laws-business laws
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Indian contracts act, 1872: Essential elements of a valid contract; indemnity and guarantee; bailment and pledge; law of agency; e-contract; landmark judgments |
Specific relief act, 1963: Specific reliefs and defense; specific performance and defense; unenforceable contracts; rescission of contracts; cancellation of instruments; declaratory decrees; preventive reliefs |
Sale of goods act, 1930: Essentials of a contract of sale; sale distinguished from agreement to sell, bailment, contract for work and labour and hire-purchase; conditions and warranties; doctrine of caveat emptor; performance of the contract of sale |
Sale of goods act, 1930: Landmark judgments |
Partnership act, 1932: Rights and liabilities of partners; registration of firms; dissolution of firms and partnership; landmark judgements |
Negotiable instrument act, 1881: Negotiable instruments and parties; material alteration; crossing and bouncing of cheques; dishonour of cheques and its remedies; presumption of law as to negotiable instruments; landmark judgments |
Financial management
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Nature, scope, and objectives of financial management: Risk-return and value of the firm; objectives of the firm; profit maximization vs. wealth maximization; emerging roles of finance managers |
Capital budgeting: Compounding and discounting techniques-concepts of annuity and perpetuity; capital budgeting process; techniques of capital budgeting-discounted and non-discounted cash flow methods; capital rationing, Risk evaluation and sensitivity analysis |
Capital structure: Introduction-meaning and significance; optimal capital structure; determinants of capital structure; theories of capital structure; EBIT-EPS analysis; EBITDA analysis; risk and leverage; effects of leverage on shareholders’ returns |
Sources of raising long-term finance and cost of capital: Sources, meaning, factors affecting cost of capital; methods for calculating cost of capital; weighted average cost of capital (WACC); marginal cost of capital |
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, Project review and control; social cost and benefit analysis of project. 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 |
Dividend policy: Introduction-types; determinants and constraints of dividend policy; forms of dividend; different dividend theories |
Working capital: Meaning, types, determinants and assessment of working capital requirements, negative working capital; 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 forfaiting |
Security analysis: Measuring of systematic and unsystematic risk; fundamental analysis (economic, industry, and company); technical analysis and efficient market hypothesis |
Portfolio management: Meaning, objectives; portfolio theory-traditional approach; markowitz portfolio theory; modern approach-CAPM model; economic value added; sharpe single and multi index model; risk adjusted measure of performance |
Strategic management
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Introduction to management: An overview of functions of management |
Introduction to strategic management: An overview-meaning and process; strategic leadership; functions and importance for professionals like company secretaries; environmental influences of business-characteristics and components of business environment |
Introduction to strategic management: Environmental influences of business-factors of micro and macro environment of business; competitive environment and porter’s five force model |
Business policy and formulation of functional strategy: Introduction to business policy; framework of strategic management; strategic decision model; vision; mission; objectives and goals; strategic levels of the organization |
Business policy and formulation of functional strategy: Formulation of functional strategy-formulation of financial; marketing; production; human resource and logistics strategies |
Strategic analysis and planning: Situational analysis, strategic choices-SWOT and TOWS analysis; PERT (programme evaluation review technique) and CP (critical path method); portfolio analysis-boston consulting group (BCG) growth-share matrix |
Strategic analysis and planning: Ansoff’s product growth matrix, ADL matrix and general electric (GE) model; strategic planning; strategic alternatives-glueck and jauch and michael porter’s generic strategies |
Strategic implementation and control: Issues in strategy implementation; various organizational structures and strategy implementation; leadership and its forms; strategic change and control |
Analysing strategic edge: Introduction to business process reengineering; concept of benchmarking; introduction to total quality management and six sigma |
Frequently Asked Questions (FAQs)
Question: What is the validity period for CS Executive registration?
Answer: The registration for CS Executive is valid for five years, after which candidates need to revalidate their registration.
Question: What is the CS Executive course?
Answer: CS Executive is the second level of exams administered by The Institute of Company Secretaries of India (ICSI) for candidates aspiring to become Company Secretaries.
Question: When can I register for the CS Professional exam?
Answer: Once you have successfully cleared both modules of the CS Executive course, you become eligible to register for the CS Professional exam.
Question: Can I choose to appear in only one module of the CS Executive exam?
Answer: Yes, candidates have the flexibility to appear in either of the modules of CS Executive 2023 Syllabus (Module I or Module II). During the CS Executive exam form filling, you can select the module you wish to appear in. Candidates also have the option to appear in both modules in the same session, with the exam form fee varying based on their choice.
Question: How many papers are included in the CS Executive old and new syllabus?
Answer: The CS Executive old syllabus consists of a total of 7 papers, while the CS Executive 2023 syllabus comprises 8 papers.
Question: What are the exam dates for the CS Executive June 2023 session?
Answer: The CS Executive exams for the June 2023 session will be conducted by ICSI from June 1 to June 9, 2023, in offline mode.
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