ADVANCED CORPORATE LAWS AND

PRACTICE (ACLP) (CFAP 02)

ORIENTATION @ SBI CA FINAL
- Identification of the issues
- Book(s) to Choose
- Syllabus Outline
- How to deal with Corporate Laws now
- How to deal with OPEN BOOK exam
- Different Modes of classes SBI Offering
- Tips & Techniques
- Sequence to follow
- Topics/Laws to be cross linked
- General Questions & Answer Session
Main Issues with Corporate Laws
Book(s) to Choose
for
OPEN BOOK Exam
 Bare Laws

Reference Book
Syllabus
Outline
ICAP Syllabus Outline
ICAP Syllabus Outline
ICAP Syllabus Outline
ICAP Syllabus Outline
Topics to be
Cross Linked
Broad Topic Relevant Syllabus Area
Basics of Companies Act
Introduction to A 1.1: Companies Act, 2017
Company Law and (Section 1-8, 14(2), 42-44, 45, 52, 54, 254, 255)
Companies A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 8)
Incorporation of A 1.1: Companies Act, 2017
Companies (Section 9-18, 21-24, 26-29, 31-41, 46-51, 53, 118)
A 1.2: First Schedule of the Companies Act, 2017
A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 10, 11, 26)
A 1.9: Companies (Incorporation) Regulations, 2017.
(Regulation 2 to 10 & 15)
Broad Topic Relevant Syllabus Area
Management of Companies
Meetings and A 1.1: Companies Act, 2017 (Section 55, 131-152, 178, 215)
Proceedings
A 1.3: Companies (Postal Ballot) Regulations, 2018

A 1.4: Companies (General Provisions & Forms) Regulations, 2018

(Regulation 9, 27 to 29)
Directors and Other A 1.1: Companies Act, 2017
Officers (Section 98, 99, 153-198, 204-213, 246-253)
A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 20 to 24)
A 1.7: Companies (Related Party Transactions & Maintenance of Related Records)
Regulations, 2018 (Regulation 3 to 6)
A 3.6: Companies (Manner and Selection of Independent Directors Regulations, 2018)

Investments, A 1.1: Companies Act, 2017

contracts and (Section 84, 199-203, 214, 217-219, 240-245)
dividends A 1.6: Employees’ Contributory Fund (Investment in Listed Securities) Regulations, 2018

A 1.5: Companies (Investment in Associated Companies and Associated Undertakings)

Regulations, 2017
A 1.8: Companies (Distribution of Dividends) Regulations, 2017

Accounts and A 1.1: Companies Act, 2017 (Section 56, 119-130, 216, 220-239)
Records
A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 14, 19, 25)
Broad Topic Relevant Syllabus Area
Advance Areas of Companies Act
Investigation of Companies A 1.1: Companies Act, 2017 (Section 256-275)
A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 30)
Mediation, Arbitration, B 1.1: Companies Act, 2017 (Sections: 276 to 292)
Mismanagement, B 2.1: Corporate Restructuring Companies Act, 2016 (Sections: 1 to 6)
Restructuring and B 2.2: Corporate Rehabilitation Act, 2018 (Chapter: I and II)
Rehabilitation B 2.3: Corporate Restructuring Companies Rules, 2019
B 2.4: Corporate Rehabilitation Regulations, 2019
Winding Up A 1.1: Companies Act, 2017
(Section 293 to 302, 304 to 306, 312 to 396, 406 to 426)
Other Miscellaneous Areas of A 1.1: Companies Act, 2017
Companies Act (Sections: 427 to 468,471 to 473, 498, 500, 505)
Broad Topic Relevant Syllabus Area
Laws Related to Share Capital and Securities
Introduction to Share Capital A 1.1: Companies Act, 2017 (Section 25, 60-62, 71-80, 85-87, 89-97)
A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 13, 16, 17)
Debentures A 1.1: Companies Act, 2017 (Section 30, 63, 65, 66, 100-117)
A 1.4: Companies (General Provisions & Forms) Regulations, 2018
(Regulation 18)
Further Issue of Share Capital A 1.1: Companies Act, 2017 (Section 58, 59, 70, 81-83)
A 1.4: Companies (General Provisions & Forms) Regulations, 2018 - Regulations: 12, 15
A 2.1: Private Placement of Securities Rules, 2017 - Rules 4 to 6
A 2.2: Companies (Further Issue of Shares), Regulation 2020
Buy back of Share Capital A 1.1: Companies Act, 2017 (Section 88)
A 3.3: Listed Companies (Buy-Back of Shares) Regulations, 2019
Insider trading and other Areas A 3.1: Securities Act 2015 (Section 2, 63-65, 96-106, 128-131) and Relevant Rules and
of Securities Act 2015 Regulations made there under
First Issue of Capital (Initial A 1.1: Companies Act 2017 (19, 20, 57, 67-69)
Public Offer - IPO) A 3.1: Securities Act 2015 (Section 87-95) and Relevant Rules and Regulations made there
under
A 3.5: Public Offering Regulations, 2017
A 1.2: Second Schedules of the Companies Act, 2017
Stock Exchange Rule Book A 3.2: Rule Book of Pakistan Stock Exchange - Chapter 5
Substantial Acquisition A 3.1: Securities Act 2015 (Sec 107-126)
A 3.4: Listed Companies (Substantial Acquisition of voting shares and Takeovers)
Regulations, 2017
Broad Topic Relevant Syllabus Area
Specialised Companies
Non Banking Finance C 1.1: Companies Ordinance, 1984 (Section 282A to 282N)
Companies C 1.2: NBFC (Establishment and Regulation) Rules 2003-Rules 1 to 7
C 1.3: The Non-banking Finance Companies and Notified Entities Regulations, 2008
(Regulation 2, 3, 9, 10, 15B, 16-18, and 25)
Banking Companies and C 3.1: The Banking Companies Ordinance, 1962
transactions • Part I (Sections 1, 2, 5 & 6)
• Part II (Sections 9, 11, 13 to 19, 21, 22, 24, 29, 34 to 38)
D 5.1: Payment Systems and Electronic Fund Transfers Act, 2007
(Section 2, 4, 5, 8, 14, 18)
Insurance Companies C 2.1: Insurance Ordinance, 2000
• Part I (Sections 1 to 4)
• Part II (Sections 5 to 13)
• Part III (Section 14)
• Part IV (Section 28)
• Part V (Sections 35, 36)
• Part VII (Sections 45 to 48)
Broad Topic Relevant Syllabus Area
Laws relating to different Authorities
Competition Act 2010 D 2.1: Competition Act, 2010 (Chapter I and II)
Anti-Money Laundering D 3.1: Anti-money Laundering Act, 2010 and Securities and Exchange Commission of
Pakistan (Anti Money Laundering and Countering Financing of Terrorism)
Regulations, 2020 (Chapter 1 and 2)
Foreign Exchange Regulations D 1.1: Foreign Exchange Manual of State Bank of Pakistan
(Chapter 19 and 20)
Governance & Ethics
Code of Corporate Governance D 4.1: Listed Companies (Code of Corporate Governance) Regulations, 2019 and Public
Sector
D 4.1: Companies (Corporate Governance) Rules, 2013
Code of Ethics for CA in D 6.1: ICAP Code of Ethics for Chartered Accountants (Revised 2019) (Part I and II)
Business
 Different Modes of Classes at SBI

Physical Mode Online Recorded Mode Combo of Physical and

Online Recorded Mode
 Overall
Tips & Techniques
 GENERAL TIPS & SUGGESTION
How to Handle Open Book ! ! !
• Attending classes physically / watching recorded of
Understanding actual physical class
• Corporate Laws Made Easy (Immediately)
Mind Maps • Handouts of the video lectures
• Build a Mind Map of the requirements

SKIM • Skim the relevant Law (At a relatively relax time)

• Give proper time to this activity

• Highlight key points (use different color highlighters)

Highlight, Mark • Mark the things (for future reference) – Use symbols
• Days, Requirements and Exceptions are important

Bare Law Yield • Check for relevant sections videos in relevant Bare Law Yield
• All the confusions and misunderstanding while reading
Ask in Physical Class • All the cross linking and mapping

• Develop an affiliation with Laws

Affiliation • It should not look alien when reading next time

• 6 Weekly Tests (available separately, if opted after result)

Weekly Testing • 1 Mid Term & 1 Mock at end
 Final Conclusion &
Recommendations
- Avoidance of Cramming -
- A Good Focus on Testing -
- More Mind Mapping Skills -
- Concept of a Reference book -
- An Attitude of Self Responsibility-
- Marking and Highlighting of Laws -
- Taking classes is highly recommended -
 Question & Answer Session ! ! !

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Type your Questions

in Question Tab
Talib e dua ! ! !
Atif Abidi (ACA)
syedatifabidi@gmail.com
Osama Waheed (Quality Acumen)
0300-0067262 (Whatsapp)