How to Revise CMA Final Corporate and Economics Laws?
As CMA Finals exams are justa round the corner and students must have completed their classes and must have started preparing and revising. As today we will be discusing on how to Revise the CMA Final Corporate and Economic Laws paper and revising this paper can be overwhelming due to the vast syllabus and the need to focus on important areas. So ,here’s a detailed revision strategy that categorizes the important topics to help you streamline your efforts and prepare efficiently for the exams. Follow this guide to prioritize your revision and ensure you cover the most crucial aspects before moving on to the rest.
a. Important Categories for Revision:
1. CATEGORY "A"
Category A: High Priority Chapters/Topics |
Company Formation & Conversion Sec 8 Co., OPC, Private Co., Small Co., Subsidiary, PF1, etc. |
Deposits Duties of trustees, register of deposits, terms of deposits |
Accounts & Audits Sec 128, 134, 137, 138, 139, 141(3), 144, duties of the auditor, applicability of CARO |
Directors & KMP Sec 149, 151, 152, 161, 164, 166, 169, 185, 202, 196, 197, 203, DIN provisions |
Board Meetings |
Compromises (Mergers) Procedure for mergers |
IBC (Insolvency & Bankruptcy Code) |
Corporate Governance (CG) |
SEBI Regulations Conditions of IPO, Book building, code of fair disclosure, kinds of takeovers, open offer process, obligations |
FEMA FDI, LRS |
Cyber Laws & MSME |
Competition Act Cartels, enterprise, anti-competitive agreements, abuse of dominance, combination, CCI, division of enterprise, acts outside India |
2. CATEGORY "B"
Category B: Moderate Priority Chapters/Topics |
Investments & Loans – Leftover parts |
Accounts & Audit – Remaining topics |
KMP & Directors – Leftover parts |
Inspection |
Oppression |
Competition Act – Other factors |
SEBI – Remaining regulations |
FEMA – Other provisions |
PMLA (Prevention of Money Laundering Act) |
SARFAESI – Registration of ARC, measures of ARC, enforcement of security interest |
3. CATEGORY "C"
Category C: Lower Priority Chapters/Topics |
Insurance |
IRDA |
SARFAESI – Other provisions |
Banking Regulation Act |
b. Key Focus Points During Preparation of CMA Final Corporate and Economic Laws:
Prioritize Key Areas First: Focus on Category A topics first, as these are more likely to appear in the exams. Covering these will give you a strong foundation. Don't skip any chapter, but prioritize what needs to be revised first.
Understand the Law Concepts: Don't just memorize sections; focus on understanding the application of laws like mergers, the Insolvency & Bankruptcy Code (IBC), and SEBI regulations. Conceptual clarity is vital.
Practice Past Papers and Mock Tests: Test yourself with mock tests to ensure you’re managing time effectively and retaining the necessary information. SJC’s mock tests can also help you track your progress. Mock tests play a crucial role in exam preparation by helping students assess their knowledge, identify weak areas, and build confidence before the final exam. SJC's CMA Mock Exam Sangram is designed to provide this essential practice for both CMA Inter and CMA Final students. Conducted in two phases—Part tests (covering blocks of chapters) and full mock tests—this series ensures thorough revision and progress tracking. With tests scheduled in advance, students can manage their preparation effectively. The online format via Google Meet or Zoom ensures integrity, while feedback from experienced teachers within 48 hours helps students improve and gain confidence for their exams.
Create Summary Notes: While revising, jot down quick summaries or flowcharts for topics like Corporate Governance, FEMA regulations, and the Competition Act. This will help in last-minute revision.
Time Management: Divide your time wisely between categories. Spend more time on Category A, moderate time on Category B, and review Category C briefly towards the end.
By following this structure, you'll be able to focus on high-impact topics while ensuring that nothing is left out. Remember, efficient revision can significantly boost your confidence and performance on exam day! If you're preparing for CMA Final and looking for comprehensive classes and mock test support, SJC Institute offers the perfect solution. With structured mock tests, expert feedback, and detailed guidance, SJC ensures that students are well-prepared to face their exams with confidence. For more information on our CMA Final classes and mock test series, reach out to SJC Institute and our team will help you out : 8100 11 2222 take your preparation to the next level