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CA Foundation Law Paper 2024: Syllabus, Pattern, and Weightage

CA Foundation Law Paper 2024

Introduction to CA Foundation Business Law Paper 2024

The CA Foundation exam pattern provides a thorough examination of upcoming chartered accountants’ knowledge of legal principles. In the CA Foundation Law Paper June 2024, candidates will look into many elements of the Indian regulatory environment, traversing the complex web of rules controlling finance, corporate affairs, securities, and other areas. Knowing the examination pattern is critical for success, given that it defines the range and depth of information necessary to succeed on the exam.

The syllabus, which covers topics ranging from the Indian Contract Act of 1872 to the Multiple Instruments Act of 1881, covers a wide range of legal principles required for a new CA. From the fundamentals of contracts to the complex areas of partnership law and corporate governance, applicants must show a thorough mastery of each topic.

Students must become familiar with the key regulatory organizations, including the Ministry of Finance, SEBI, RBI, and others, because these institutions play an important role in creating India’s economic environment. Furthermore, reading the details of contract law, transfer of goods rules, and business registration procedures will be critical to success in the CA Foundation Law Paper Pattern 2024.

Detailed Syllabus for CA Foundation Law Paper 2024

The CA Foundation syllabus covers important subjects that aim to control the business environment and give candidates the capacity to handle real-world, application-focused problems. This allows candidates to gain a thorough knowledge of the law related to contracts, sales, and other types of business.

1. Indian Regulatory Framework

Major Regulatory Bodies such as Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.

2. The Indian Contract Act, 1872

General nature of a contract, Consideration, Other essential elements of a valid contract, Performance of the contract, Breach of contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency.

3. The Sale of Goods Act, 1930

Formation of the contract of sale, conditions and warranties, Transfer of ownership and delivery of goods, the unpaid seller, and his rights.

4. The Indian Partnership Act, 1932

General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm.

5. The Limited Liability Partnership Act, 2008

Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organizations.

6. The Companies Act, 2013

Essential features of company, Corporate veil theory, Classes of companies, Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management.

7. The Negotiable Instruments Act, 1881

Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation.

Also read: The Best Career Option in Commerce after 12th

Exam Pattern for the Law Paper 2024

In the CA Foundation June 2024 exam, candidates will face Paper 2, which focuses on Business Laws. The exam will be conducted offline for a duration of 3 hours. It carries a total of 100 marks. This pattern aims to assess candidates’ review of business laws completely.

CA Foundation Law Exam Pattern June 2024
Specific Details
Name of the exam CA Foundation
Mode exam Offline
Question paper Paper 2 – Business Laws
Duration of the examinations 3 hours
Marks 100 marks.

 

Weightage of Each Section in the Law Paper

  • In CA Foundation coaching sessions, major importance is given to knowledge of the weightage of various sections within the Business Laws syllabus.
  • The Indian Contract Act of 1872 and the Sale of Goods Act of 1930 are also important, as they establish the legal foundation for contracts and sales transactions.
  • Furthermore, the Companies Act of 2013 is regularly discussed owing to its importance to corporate governance and company structures.
  • The weightage of the subjects helps students allocate their study time properly, resulting in thorough test preparation.
CA Foundation Business Laws Topics Weightage 
Chapters Marks Weightage
1. Indian Regulatory Framework 0%-5%
2. The Indian Contract Act, 1872 20%-30%
3. The Sale of Goods Act, 1930 15%-20%
4. The Indian Partnership Act, 1932 15%-20%
5. The Limited Liability Partnership Act, 2008 5%-10%
6. The Companies Act, 2013 15%-20%
7. The Negotiable Instruments Act, 1881 10%-15%

 

Also read: Understanding CA Foundation Pass Percentage and Exam Insights

Preparation Tips for CA Foundation Law Paper 2024

  1. MCC coaching classes offer specific preparation for CA Foundation coaching, make sure students are better prepared for their exams.
  2. Stay updated with exam notifications and any changes in the syllabus or exam pattern.
  3. Discuss difficult topics with other people or mentors to gain different perspectives and insights.
  4. MCC coaching classes include practice with CA Foundation previous year paper to familiarize students with the exam pattern and question types.
  5. Trust in yourself and your power to solve difficulties and succeed in your studies.
  6. Reward yourself for achieving study aims to stay inspired and positive.

India’s Best CA Foundation Coaching Institutes

Explore the Best CA Foundation Coaching in India with MCC. MCC provides excellent CA Foundation coaching, so you have a strong foundation for your chartered accounting career. Our coaching comes with the added benefit of knowledgeable instructors, top-notch study materials, and specific guidance to help you with your exams.

MCC believes in the value of great education, which is why we have thoroughly selected our course offerings. Our qualified teachers have years of experience and ability, so you will receive complete help and support along your preparation journey.

Our high-quality study tools are designed to cover the complete CA Foundation course, making studying simple and more successful. We also offer personalized support to meet your specific learning requirements, ensuring that you stay on track and reach your objectives.

Learn about our online courses, which are available in both English and Hindi. These courses have been carefully built to improve your educational experience and increase your chances of passing the CA Foundation exam 2024.

Choose MCC for the best CA Foundation coaching in India and start your journey to a successful career in chartered accounting.

FAQs about CA Foundation 2024

1. How much are the CA Foundation exam fees for June 2024?

The registration price for the ICAI CA Foundation examinations scheduled for June 2024 is Rs. 9800 for Indian students and $780 for US students.

2. What are the strategies for preparing CA Foundation exam in 2024?

CA Foundation preparation for 2024 requires carefully studying the syllabus, practicing with mock tests and previous year papers, seeking guidance from experienced mentors, and maintaining a study routine.

3. Can solving CA Foundation past papers improve exam performance?

Yes, studying CA Foundation past papers can help candidates improve their exam performance by preparing them for the exam format, identifying weak areas, and practicing time management skills effectively.

4. Which coaching institute leads in CA Foundation preparation?

MCC is known as the top CA Foundation coaching institute in 2024 due to its excellent faculty, complete study. Materials, personal advice, and excellent success rate in producing skilled chartered accountants.

Also read:

CA Foundation Exam Pattern for 2024 Exam- Paper Pattern, Marks & Weightage

CA Foundation Maths Paper 2024: Syllabus, Pattern, and Study Material


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