CS Professional CRVI study guide
CS Professional CRVI · Work through your exam, one topic at a time.
CS Professional – Corporate Restructuring, Valuation and Insolvency (CRVI) is a specialised paper in the Company Secretary Professional programme, delivered in India by the Institute of Company Secretaries of India (ICSI). It is written for candidates who already hold CS Executive level knowledge and now need to advise boards on transactions that reshape a company's capital and control - mergers and demergers, takeovers, distress situations, and the valuations that underpin them. The CS Professional CRVI study guide has 8 sections and about 2,630 words.
01Corporate Restructuring – Concepts, Forms and Regulatory Framework
Corporate Restructuring – Concepts, Forms and Regulatory Framework tests whether you can classify a restructuring, select the right legal route, and sequence approvals. The examiner expects the Companies Act, 2013 scheme provisions, NCLT procedure, tax and sectoral interfaces, not just motives such as synergy or tax efficiency.
349 words, about 2 min02Mergers, Acquisitions, Takeovers and Corporate Control Transactions
Mergers, Acquisitions, Takeovers and Corporate Control Transactions tests the SEBI Takeover Code, control premium, mandatory open offers, exemptions, and squeeze-out rights. Questions often turn on the exact trigger, offer size, and pricing rather than the commercial rationale.
338 words, about 2 min03Valuation of Businesses, Securities and Intangible Assets
Valuation of Businesses, Securities and Intangible Assets tests valuation approaches, the registered valuer framework, and the use of valuation in schemes, takeovers, IBC, and tax. The examiner expects defensible assumptions, not a single number.
319 words, about 2 min04Insolvency and Bankruptcy Code – Processes and Authorities
Insolvency and Bankruptcy Code – Processes and Authorities tests CIRP initiation, the corporate insolvency resolution process, moratorium, committee of creditors, and the roles of NCLT, NCLAT, IBBI, and resolution professionals. A financial creditor or operational creditor may initiate CIRP on default of at least Rs 1 crore.
318 words, about 2 min05Insolvency Resolution, Liquidation and Debt Recovery
Insolvency Resolution, Liquidation and Debt Recovery tests resolution plan approval, liquidation waterfall, and the interplay between IBC, SARFAESI, and DRT. The examiner focuses on priority of claims and the binding effect of a plan.
374 words, about 2 min06Cross-Border Insolvency
Cross-Border Insolvency tests the UNCITRAL Model Law, recognition of foreign proceedings, centre of main interests, and India's incomplete statutory framework. The key is to distinguish the Model Law from India's current position.
316 words, about 2 min07Competition and Sectoral Approvals
Competition and Sectoral Approvals tests merger control under the Competition Act, 2002 and the sectoral consents that can delay or block a deal. The examiner expects threshold analysis and a clear approval map.
308 words, about 2 min08Governance, Ethics and Professional Responsibilities of the Company Secretary
Governance, Ethics and Professional Responsibilities of the Company Secretary tests ethical judgment, conflicts, confidentiality, insider trading, and professional misconduct. The examiner looks for the standards expected of a CS as a governance professional.
308 words, about 2 min