ICSB CS Executive study guide
ICSB CS Executive · Work through your exam, one topic at a time.
The ICSB CS Executive is the middle stage of the Company Secretary qualification offered by the Institute of Company Secretaries of India (ICSI), sitting between the entrance-level CSEET and the final Professional programme. It suits graduates and postgraduates who want a career in corporate governance, compliance, secretarial audit and board advisory, whether in listed companies, practising firms or their own practice. The ICSB CS Executive study guide has 7 sections and about 2,019 words.
01Company Law: Structure, Governance and Meetings
Company Law questions test the architecture of the Companies Act: incorporation and its consequences (separate legal personality, perpetual succession, limited liability), the distinction between a company and a partnership, and the classification of companies by liability, membership, control and access to capital. You must know the roles and disqualifications of promoters, the doctrine of lifting the corporate veil, and the rules on memorandum and articles, including the doctrine of indoor management and constructive notice.
326 words, about 2 min02Setting Up of Business Entities and Closure
This domain is procedural: choosing a business vehicle and executing the lifecycle correctly. Compare sole proprietorship, partnership, limited liability partnership, company, one person company, and joint ventures on liability, continuity, compliance cost and taxation.
309 words, about 2 min03Tax Laws: Direct and Indirect Essentials
Tax Laws questions span direct tax (residence, scope of total income, heads of income, deductions, capital gains, set-off, advance tax, TDS, assessment) and indirect tax (GST supply, place of supply, time of supply, value of supply, input tax credit, registration thresholds, returns). You must understand the basic charge, the computation sequence, and the distinction between exempt, nil-rated and non-taxable supplies.
293 words, about 1 min04Corporate and Management Accounting
This domain blends financial accounting, cost accounting and management accounting. Expect preparation and interpretation of financial statements, ratio analysis, funds flow and cash flow, cost sheets, marginal costing, standard costing, variance analysis, budgeting, and decision-making tools such as break-even and relevant costing.
270 words, about 1 min05Securities Laws and Capital Markets
Securities Laws covers the regulatory architecture: the securities market regulator, stock exchanges, intermediaries, and the primary and secondary markets. Know the disclosure regime for public issues, the distinction between primary market issuance and secondary market trading, and the roles of merchant bankers, registrars, underwriters and depository participants.
276 words, about 1 min06Economic, Business and Commercial Laws
This domain surveys the legal environment of business: the law of contracts, sale of goods, negotiable instruments, partnership, competition, consumer protection, foreign exchange management, and insolvency. You must know the essentials of a valid contract (offer, acceptance, consideration, capacity, free consent, lawful object), void and voidable agreements, and remedies for breach.
279 words, about 1 min07Financial and Strategic Management
This domain combines corporate finance and strategy. Finance content includes time value of money, capital budgeting (payback, discounted payback, net present value, internal rate of return, profitability index), cost of capital, capital structure and leverage, dividend policy, working capital management and risk-return analysis.
266 words, about 1 min