CS Executive Paper 6 (ECIPL) study guide
CS Executive Paper 6 (ECIPL) · Work through your exam, one topic at a time.
CS Executive Paper 6, Economic, Commercial and Industrial Laws and Practice (commonly shortened to ECIPL), is one paper of the Executive Programme stage of the Company Secretary qualification awarded by the Institute of Company Secretaries of India. It suits candidates who already have the Foundation-level grounding or a graduate entry route and who intend to work in corporate compliance, secretarial practice, governance or regulatory advisory. The CS Executive Paper 6 (ECIPL) study guide has 7 sections and about 2,268 words.
01Law of Contract and Specific Relief
Paper 6 tests the Indian Contract Act, 1872 as the foundation of every commercial transaction, together with the Specific Relief Act, 1963, which decides what a wronged party can actually get. Questions are fact-pattern based, so attach each rule to the facts given.
361 words, about 2 min02Law of Sale of Goods and Negotiable Instruments
A sale transfers property immediately; an agreement to sell is future or conditional. Conditions (s.12) go to the root of the contract and allow rejection; warranties give damages only.
342 words, about 2 min03Law of Partnership, Limited Liability Partnership and Competition Law
Partnership (s.4) is the relation between persons who agree to share the profits of a business carried on by all or any of them acting for all. Mutual agency is the true test; profit sharing alone is not decisive.
339 words, about 2 min04Companies Act, 2013 - Incorporation, Prospectus, Share Capital, Management and Meetings
Section 3 fixes the numbers: one person company with one member, private company 2–200 members, public company minimum 7 with no ceiling. The sequence is name reservation, MOA and AOA, declarations and fees, certificate of incorporation; the registered office must be established within 30 days (s.12).
326 words, about 2 min05Industrial and Labour Laws
A factory is premises where a manufacturing process is carried on with 10 or more workers and power, or 20 or more without power. Limits: 48 hours a week, 9 hours a day, a rest interval of 30 minutes after five hours, a weekly holiday, and leave with wages at one day for every 20 days worked.
293 words, about 1 min06Economic and Commercial Legislation
FEMA divides transactions into current account (freely permitted) and capital account (regulated by RBI rules). Compliance is remembered as R-R-R: realisation of export proceeds, repatriation, and reporting through authorised dealer banks.
308 words, about 2 min07Consumer Protection Law and Miscellaneous Commercial Laws
A consumer buys goods or hires services for consideration, but not for resale or commercial purpose; e-commerce buyers and sellers are covered. Unfair trade practices and unfair contract terms are actionable.
299 words, about 1 min