CS Syllabus 2023
A new CS syllabus for the online Company Secretaries Executive Entrance Test (CSEET) has been released by the Institute of Companies Secretaries of India (ICSI).
The Institute has also said that the exam will consist of four modules for a total of seven papers. The seven papers additionally include two electives. In addition, registration for the CSEET 2023 exam will begin in June 2023.
The CSEET syllabus has been updated as follows:
- Business Communication – 50 Marks.
- Legal Aptitude, Logical Reasoning, & Quantitative Aptitude – 70 Marks.
- Economic & Business Environment – 50 Marks.
- Current Affairs – 30 Marks.
The assessment for writing and presentational skills is no longer part of the new syllabus.
The revised syllabus will be used for students who register on or after June 16, 2023. As a result, it will be applicable starting with the exams in November 2023.
However, the tests will continue to be given online and will have a total of 200 points and last for two hours.
Application for the professional course opens in February 2023, while that for the executive programme opens in August 2023.
ICSI CS Executive Exam Syllabus
The seven subjects that make up the CSEET Executive exam are split into two sections. While the first group has four subjects, the second group only has three.
The syllabus for CS Executive exam group 1 is as follows:
Paper 1 includes:
- Jurisprudence
- Interpretation
- General Laws
This paper will discuss legal precedents, statutory interpretation, relevant clauses of the Indian Constitution, civil law’s procedural and limitation rules, laws governing crime and evidence, laws governing alternative dispute resolution, laws governing information technology, and laws governing contracts with specific relief and negotiable instruments.
Paper 2 includes:
- Company Law – Principles & Concepts ( 60 marks )
- Company Administration and meetings ( 40 marks )
Basics of Share Capital, Members, and Dividend, Concepts of Accounts, Audit, and Charges, Statutory Provisions Relating to Legal Status, and Types of Companies are covered in the paper’s two sections. Additionally, it will contain provisions for general meetings, board meetings, committee meetings, the makeup of the board, its authority, and corporate social responsibility (CSR) provisions.
Paper 3 includes:
- Setting up of business ( 60 marks )
- Industrial labour laws ( 40 marks )
Setting up several kinds of enterprises and other Entities, setting up professional firms, and setting up businesses outside of India are all covered in this paper. Additionally, this would cover Registration, License & Compliance and Insolvency, Liquidation & Closure of Business.
Paper 4 includes:
- Corporate Accounting ( 60 marks )
- Financial Management ( 40 marks )
In this section, you’ll find information on the fundamentals of corporate accounting, accounting for share capital, debt obligations, and related company accounts, consolidation of accounts, standalone and consolidated financial statements, financial statement analysis, and cash flow. This section’s other elements include working capital management, security analysis, time value of money, capital budgeting, cost of capital, and the company’s capital structure.
The syllabus for CS Executive exam group 2 is as follows:
Paper 5 includes:
- Capital Market ( 40 marks )
- Securities Laws ( 60 marks )
The core ideas of the capital market, secondary market, intermediaries, and significant laws, such as the International Financial Services Centers Authority (IFSCA), are examined in this part. This section also addresses the legal aspects of SEBI regulations and how to comply with them.
Paper 6 includes:
- Economic and Commercial Laws ( 60 marks )
- Intellectual Property Laws ( 40 marks )
Management of Foreign Exchange, Foreign Direct Investment Policy, Foreign Trade Policy and Procedure, Competition Policy, Consumer Protection, and the Prevention of Money Laundering and Benami Transactions. This section also covers intellectual property laws including patents, trademarks, copyright, geographical indications, and industrial designs.
Paper 7 includes:
- Tax Laws: Direct Tax ( 60 marks )
- Tax Laws: Indirect Tax ( 40 marks )
The Different Heads of Income, Classification, and Tax Incidence on Companies are all included in this part along with the Basic Income Tax Concept. The Concept of Indirect Taxes, GST Levy and Collection, Time, Value, and Place of Supply, Input Tax Credit Computation of GST Liability, and An Overview of the Customs Act are also included in this section.
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ICSI CS Professional Exam Syllabus
The seven papers that make up the CS Professional test are split into two groups. The second group only has three subjects, whereas the first group has four.
The syllabus for CS Professional exam Group 1 is as follows:
Paper 1 includes:
- Governance and Sustainability ( 65 marks )
- Risk Management ( 20 marks )
- Environment and Sustainability Reporting ( 15 marks )
The conceptual framework of governance, the legal framework, the effectiveness of the board and its committees, the oversight of group entities and subsidiaries, issues relating to accounting and auditing, ethics, risk management, and models for assessing business sustainability and sustainability are all covered in this paper.
Paper 2 includes:
- Drafting & Conveyancing ( 70 marks )
- Pleadings & Appearances ( 30 marks )
The judicial and administrative framework, pleadings, agreements drafting, general drafting principles applicable to various deeds and agreements, and the art of writing opinions, pleadings, appearances, and advocacy would all be covered in this paper.
Paper 3 includes:
- Compliance Management ( 40 marks )
- Audit & Due Diligence ( 60 marks )
This section discusses the compliance framework for entities, activities, and specific industries, as well as the documentation and upkeep of records, KYC, signing, and certification. It also discusses secretarial audits, audit engagements, the audit process and documentation, quality reviews, and due diligence.
In Paper 4, an elective paper, students may select one of the following four options:
- CSR & Social Governance; or
- Internal and Forensic Audits; or
- Intellectual Property Rights – Law & Practice; or
- Artificial Intelligence, Data Analytics, and Cyber Security – Laws & Practice.
The syllabus for CS Professional exam Group 2 is as follows:
Paper 5 includes:
- Strategic Management ( 40 marks )
- Corporate Finance ( 60 marks )
This paper discusses the nature and application of financial management, capital budgeting, project financing, dividend policy, portfolio management, company strategy, strategic analysis, strategic implementation, and control, as well as the evaluation of competitive advantages.
Paper 6 includes:
- Corporate Restructuring ( 40 marks )
- Valuation ( 20 marks )
- Insolvency, liquidation, and winding up ( 40 marks )
This paper discusses several forms of corporate restructuring, planning and strategy, the merger and acquisition process, asset and business value, and cross-border mergers. Additionally, it addresses voluntary resolution, petitions for corporate insolvency resolution processes, and insolvency.
Students may select one of the following from the list of five alternatives for Paper 7, an elective paper:
- Arbitration, Mediation & Conciliation; or
- Goods and Services Tax (GST) & Corporate Tax Planning; or
- Labour Laws & Practice; or
- Banking & Insurance – Laws & Practice; or
- Insolvency and Bankruptcy – Law & Practice.
For all the most recent information regarding the syllabus, keep checking the ICSI website
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FAQs
Any student will have a difficult time passing the CS Professional Program. Additionally, it is strongly advised that CS aspirants enroll in the Executive Program and Professional Program at any ICSI-recognized university that offers CS courses.
If you want to work in finance or accounting, CA is the greatest option, but CS is the ideal choice if you want to work in higher-level managerial positions or in legal management.
CS is substantially simpler than CA, which is thought to be the most difficult degree in India. The CA course is simple to start but challenging to finish. Although not as difficult as CA, CS is still not easy.
The company secretary exam has three levels of exams, including eight months of CSEET, Executive Programme, and Professional Programme.
Candidates must complete their class 10+2 from a recognized institution in any discipline, excluding fine arts, if they choose to follow the company secretary programme. Following that, you are qualified to submit an application and register for the CSEET’s first level of the CS Foundation Programme.