Paper 2 — Corporate and Other Laws
A presentation paper more than a memory paper. Share capital, deposits and meetings recur; section references separate the top scripts.
Paper at a glance
Corporate and Other Laws punishes students who know the answer but cannot structure it. The MTP is the right place to discover that, because the marks lost are visible in your own script rather than in a score. Across attempts, the Companies Act chapters on share capital, acceptance of deposits, meetings and management dominate, with the Other Laws component — the General Clauses Act and interpretation of statutes — supplying reliable short questions that many students underprepare.
100
Total marks
70:30
Subjective to objective split
3h
Duration
Share capital
Meetings
Deposits
Incorporation
Other Laws
Charges & mgmt
Marks allotted by section
Chapter repeat strip
One square per recent attempt, filled when the chapter was asked. Read across a row to see how consistently a chapter appears, and down a column to see how broad a single paper tends to be.
| Chapter | M24 | N24 | M25 | N25 | M26 | Typical weight |
|---|---|---|---|---|---|---|
| Share Capital & Debenturesasked in 5 of 5 | M24: asked | N24: asked | M25: asked | N25: asked | M26: asked | 12–18 marks |
| Acceptance of Depositsasked in 5 of 5 | M24: asked | N24: asked | M25: asked | N25: asked | M26: asked | 10–14 marks |
| Management & Administration (Meetings)asked in 5 of 5 | M24: asked | N24: asked | M25: asked | N25: asked | M26: asked | 12–16 marks |
| Incorporation of Company & Matters Incidentalasked in 4 of 5 | M24: asked | N24: asked | M25: not asked | N25: asked | M26: asked | 8–12 marks |
| Registration of Chargesasked in 4 of 5 | M24: asked | N24: not asked | M25: asked | N25: asked | M26: asked | 6–10 marks |
| Declaration & Payment of Dividendasked in 4 of 5 | M24: asked | N24: asked | M25: asked | N25: not asked | M26: asked | 6–10 marks |
| The General Clauses Act, 1897asked in 5 of 5 | M24: asked | N24: asked | M25: asked | N25: asked | M26: asked | 6–8 marks |
| Interpretation of Statutesasked in 4 of 5 | M24: asked | N24: asked | M25: not asked | N25: asked | M26: asked | 5–8 marks |
| The Foreign Exchange Management Act, 1999asked in 5 of 5 | M24: asked | N24: asked | M25: asked | N25: asked | M26: asked | 8–10 marks |
Indicative pattern compiled from publicly available past papers, RTPs and MTPs. It is a revision-sequencing aid, not a prediction — and not a basis for leaving any chapter unprepared.
Revision priority
Revise first
P1Asked every attempt and carrying long-form marks. Provisions here must be reproducible with section numbers.
- Share Capital & Debentures
- Management & Administration (Meetings)
- Acceptance of Deposits
- The Foreign Exchange Management Act, 1999
Revise second
P2Reliable medium-weight questions with tight, learnable provisions. Efficient marks per hour of revision.
- Incorporation of Company & Matters Incidental
- Registration of Charges
- Declaration & Payment of Dividend
Do not skip
P3The Other Laws component is short, highly scoreable, and routinely underprepared because it sits at the end of the syllabus.
- The General Clauses Act, 1897
- Interpretation of Statutes
- Miscellaneous Provisions
Typical question structure
Multiple choice — Companies Act provisions
Objective questions here turn on thresholds and time limits. Tabulate them during revision.
Share capital — practical scenario
Provision, then application, then conclusion. Three paragraphs, in that order, every time.
Deposits or meetings — compliance question
Quote the section number. It is a mark, and it signals to the examiner that you know the source.
Charges, dividend or incorporation
Time limits and filing forms are the answer. State them precisely rather than describing them.
General Clauses Act / interpretation of statutes
Short, definitional and highly scoreable. Do not leave these for the last ten minutes.
How to use this paper
- Write the provision before the conclusion. A correct conclusion with no provision stated scores roughly half. The structure itself is what is being marked.
- Learn section numbers for the top chapters only. Section references add marks, but trying to memorise all of them wastes revision time. Prioritise share capital, deposits and meetings.
- Tabulate every threshold and time limit. Objective questions in this paper turn almost entirely on numbers — days, percentages and rupee limits.
- Attempt the MTP in full sentences. Bullet-point law answers lose presentation marks. Practise writing them as you will in the hall.
Have questions?
Find answers.
Still unsure about something? We're happy to help you figure it out.
Talk to usDo I need to quote section numbers in law answers?
You are not penalised for omitting them, but quoting them correctly adds credibility and often a mark. Quoting one incorrectly is worse than not quoting at all, so learn the sections for the high-frequency chapters and describe the provision accurately elsewhere.
How do I structure a law answer?
Three parts: state the applicable provision, apply it to the facts given, then conclude. Keep them as separate paragraphs so the examiner can see all three without hunting.
Is the Other Laws section worth serious preparation?
Yes. It is a small, finite and highly repetitive part of the syllabus that reliably yields short questions, and it is the section students most often reach unprepared because it sits last.
Please note
These are study aids, not ICAI publications. Kartavvya is not affiliated with ICAI. Chapter-frequency patterns are indicative, compiled from publicly available past papers, Revision Test Papers and Mock Test Papers to help you prioritise revision — they are not a prediction of any future paper and should not be used to skip syllabus. Always download the official RTP, MTP and Suggested Answers from icai.org and treat those as authoritative.
Other papers
The analysis tells you where to look. Practice is what changes the score.
Generate fresh questions on your weakest chapters in this paper, work them under time, and have your answers evaluated step by step.
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