CMA Intermediate Paper 5 Syllabus 2022 PDF

CMA Syllabus 2022 Intermediate Course (Group - I) Paper 5 BUSINESS LAWS AND ETHICS (BLE) 100 Marks Module No. Module Description Weight...

CMA Syllabus 2022 Intermediate Course (Group - I) Paper 5 BUSINESS LAWS AND ETHICS (BLE) 100 Marks Module No. Module Description Weight Section A: Commercial Laws 30% 1 Introduction to Law and Legal System in India 5% 2 Indian Contracts Act, 1872 10% 3 Sale of Goods Act, 1930 5% 4 Negotiable Instruments Act, 1881 5% 5 Indian Partnership Act, 1932 5% 6 Limited Liability Partnership Act, 2008 Section B: Industrial Laws 15% 7 Factories Act, 1948 8 Payment of Gratuity Act, 1972 Employees Provident Fund and Miscellaneous Provisions Act, 10% 9 1952 10 Employees State Insurance Act, 1948 11 The Code on Wages, 2019 5% Section C: Corporate Laws 40% 12 Companies Act, 2013 40% Section D: Business Ethics 15% 13 Business Ethics and Emotional Intelligence 15% SECTION A: COMMERCIAL LAWS 1. Introduction to Law and Legal System in India 1.1 Introduction to the Constitution of India 1.2 Fundamental Rights 1.3 Sources of Law 1.4 Primary and Subordinate Legislations 1.5 Legislative Process in India 1.6 Legal Methods including Judicial Alternative Dispute Resolution (ADR) Process in India 1.7 Legal Terminology and Maxims The Institute of Cost Accountants of India  CMA Syllabus 2022 2. Indian Contracts Act, 1872 2.1 Essential Elements of a Contract, Offer and Acceptance 2.2 Void and Voidable Agreements 2.3 Consideration 2.4 Legality of Object 2.5 E-contracts - Essential Requirements for Enforceability 2.6 Constraints to Enforce Contractual Obligations 2.7 Quasi-contracts, Contingent Contracts, Termination or Discharge of Contracts 2.8 Assignment of Contractual Rights and Obligations 2.9 Representations and Warranties 2.10 Impossibility and Force Majeure 2.11 Termination by Novation 2.12 Tender Procedure of Government Contract 2.13 Special Contracts - Indemnity and Guarantee; Bailment and Pledge; Laws of Agency 3. Sale of Goods Act, 1930 3.1 Essential Conditions of a Contract of Sale 3.2 Transfer of Ownership 3.3 Conditions and Warranties 3.4 Performance of the Contract of Sale 3.5 Rights of Unpaid Seller 3.6 Auction Sales 4. Negotiable Instruments Act, 1881 4.1 Definition and Features of Negotiable Instrument 4.2 Crossing, Endorsement and Material Alteration 4.3 Acceptance, Assignment and Negotiation 4.4 Rights and Liabilities of Parties 4.5 Dishonour of a Negotiable Instrument (with Special Emphasis on Section 138) 5. Indian Partnership Act, 1932 5.1 Nature of Partnership 5.2 Rights and Liabilities of Partners 5.3 Formation, Reconstitution and Dissolution of Firms 6. Limited Liability Partnership Act, 2008 6.1 Concept, Formation, Membership, Functioning 6.2 Dissolution The Institute of Cost Accountants of India CMA Syllabus 2022 SECTION B: INDUSTRIAL LAWS 7. Factories Act, 1948 8. Payment of Gratuity Act, 1972 9. Employees Provident Fund and Miscellaneous Provisions Act, 1952 10. Employees State Insurance Act, 1948 11. The Code on Wages, 2019 SECTION C: CORPORATE LAWS 12. Companies Act, 2013 12.1 Company Types, Promotion, Formation and Related Procedures (Sec 1 to Sec 122 of Companies Act, 2013) 12.2 Director - Role, Responsibilities, Qualification, Disqualification, Appointment, Retirement, Resignation, Removal, Remuneration and Powers, Directors Identification Number 12.3 Operational and Financial Control 12.4 Internal Financial Control for Financial Reporting (Section 134, 143 and 177) 12.5 Rights of Shareholders 12.6 Key Managerial Personnel SECTION D: BUSINESS ETHICS 13. Business Ethics and Emotional Intelligence 13.1 Ethics – Meaning, Importance and Nature 13.2 The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership 13.3 The Relationship between Ethics and Law 13.4 Business Ethics and its Relevance to Business 13.5 Values and Attitudes of Professional Accountants 13.6 Primary Norms of Business Ethics - Honesty, Accountability etc., the Application in Decisions regarding Employers, Finance and Trading 13.7 Internal Code of Ethics 13.8 Ethics in Business Dealings 13.9 Case Study on Business Ethics 13.10 Emotional Intelligence (Concept and Importance) The Institute of Cost Accountants of India