1

EXAMINERS’ OBSERVATIONS AND COMMENTS ON THE PERFORMANCE OF

EXAMINEES FOR EXECUTIVE PROGRAMME AND PROFESSIONAL PROGRAMME IN
DECEMBER 2017 EXAMINATION

The December 2017 session of the Company Secretary Examination was held from 20th of December,
2017 to 30th of December, 2017. The marks obtained position of Candidates for all papers of Executive
Programme and Professional Programme have been compiled and presented in Table A & B
respectively, for the information of the Candidates. Though the marks obtained position showed good
performance by the Candidates in most of the papers, some Candidates were not able to clear the
examination due to various drawbacks in their answers. Therefore, it would be beneficial for those
Candidates to know the general weaknesses in their answers. Some common drawbacks based on the
comments and observations made by the examiners have been given paperwise hereunder for
information of the Candidates, so as to enable them to overcome their deficiencies and improve their
performance in the forthcoming examination.
Table - A
Statement Showing the Marks Obtained Position of Candidates in all Papers of Executive
Programme in December 2017 Examination

Percentage of Candidates Secured

Subjects
40 to 49% 50% to 59% 60% and above
marks marks marks

EXECUTIVE PROGRAMME

MODULE I

Company Law 18.70 4.40 0.78

Cost and Management Accounting 13.39 4.92 1.11

Economic and Commercial Laws 24.54 8.47 1.14

Tax Laws and Practice 20.39 14.49 9.42

MODULE II

Company Accounts and Auditing Practices 20.47 12.23 3.89

Capital Market and Securities Laws 15.78 2.76 0.35

Industrial, Labour and General Laws 25.49 25.60 20.50

 2

Table - B
Statement Showing the Marks Obtained Position of the Candidates in all Papers of Professional
Programme in December 2017 Examination

Percentage of Candidates Secured

Subjects
40 to 49% 50% to 60% and above
marks 59% marks marks

PROFESSIONAL PROGRAMME

MODULE I

Advanced Company Law & Practice 38.07 10.85 1.12

Secretarial Audit, Compliance Management 43.09 10.66 0.54

and Due Diligence

Corporate Restructuring, Valuation and 36.47 8.82 0.75

Insolvency

MODULE II

Information Technology and System Audit 32.12 13.05 4.16

Financial, Treasury and Forex Management 30.60 23.45 11.48

Ethics, Governance and Sustainability 44.28 21.72 3.61

MODULE III

Advanced Tax Laws and Practice 29.76 11.19 2.32

Drafting, Appearances and Pleadings 44.89 25.05 3.74

Banking Law & Practice (Elective Paper) 39.39 15.08 8.22

Capital Commodity & Money Market (Elective 23.89 18.09 17.69

Paper)

Insurance Law & Practice (Elective Paper) 19.52 8.56 0.34

Intellectual Property Rights-Law & Practice 48.59 19.72 4.01

(Elective Paper)

International Business-Law & Practice 46.66 26.21 4.92

(Elective Paper)
 3

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Company Law
Executive Programme

Ques. Parameters Remarks Specific Comments

No.

Entire Overall - The Paper is a theoretical paper requiring high level of

paper performance conceptual clarity. In attempting the answers the
students have emphasised more on the generic
portions rather than the intricate concepts. It is highly
recommended to develop in-depth understanding of
the underlying concepts to develop the skill of writing.

Entire Pass percentage 23.88

paper (40 & above
Marks)

Q1 Overall Good Q. No. 1 was attempted fairly well.

performance In Q 1 (a), (c ) & (d) relating to liability of members,
One person company, incorporation of companies ,
Conceptual Average
were answered reasonably well.
Understanding
Q. 1(b) students failed to explain the legal provisions
Analytical Skills Average relating to issue of debentures.

Q2 Overall Average Q No. 2 part (iii) & (iv) relating to difference between
performance Related Party and Relative & Inspection and
Investigation, were poorly attempted, many students
Conceptual poor failed to bring out the appropriate difference.
Understanding
In remaining portions relating to Red herring
Analytical Skills poor Prospectus and Abridged Prospectus & Free Reserves
and Net worth, the performance was average. Only few
students attempted Q. 2A (Alternate question).
The students managed to write differences but
concept wise they were not very strong.

Q3 Overall Average In Q. 3(b) and Q. 3A(iv) the students lacked clarity,

performance and failed to explain the concept. For remaining
portions the answers were below average, the
Conceptual Poor students failed to explain the legal provisions
Understanding correctly. These type of questions require thorough
reading and understanding of the concepts and good
Analytical Skills Poor analytical skills.
 4

Q4 Overall Average Only Q 4 (a) & (d), relating to investments by company

performance and appointment of statutory auditor were poorly
attempted, other parts relating to appointment of
Conceptual Average alternate director and conversion of private company
Understanding to a One Person Company were answered reasonably
well.
Analytical Skills Yes

Q5 Overall Poor Q No.5 was attempted poorly. Students were not clear
performance with the provisions relating to mergers and
incorporation of producer companies.
Conceptual Poor
Understanding

Analytical Skills Poor

Q6 Overall Average In Q 6(c) & (d) relating to the investigation of

performance companies and foreign company, the answers are not
up to the mark. However, the remaining portions were
Conceptual Average attempted reasonably well.
Understanding

Analytical Skills Average

Entire Subject specific Improve Presentation

paper Guidance Case Laws should be supported by legal
provisions
Improve Basic understanding of the subject
with focus on core concepts.
Read the updations on the subjects thoroughly.
Read thoroughly the study material and the
Bare Act to have a sound understanding of the
concepts.
 5

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Economic & Commercial Laws
Executive Programme

Ques. No. Parameters Remarks Specific Comments

Entire Overall Average

paper performance

Entire Pass 34.15 ---------

paper percentage (40
& above
Marks)

Q1 Overall Satisfactory Majority of the students attempted Question 1(a), 1(b)

performance and 1(d) very well but the performance in Question
No.1(c) and 1 (e) were not up to the mark
Conceptual Satisfactory
Understanding

Analytical NA
Skills

Q2 Overall Good On an average the performance in the Question is good

performance but advised to undertake detailed study. Question 2(d)
has not been properly answered by most of the
Conceptual Good students. Students did not mention whether non-
Understanding performance of contract may be excused.
Analytical NA
Skills
Q2A Overall Average Except Part (ii) the answer of the students was of
performance general nature without based on legal provisions.
Conceptual Average
Understanding
Analytical NA
Skills
Q3 Overall Average Most of the students have not answered Question
performance number 3(b). Answer of Question number 3(a) and
3(c) were also not up to the mark. Most of the students
Conceptual Satisfactory are unable to understand the question containing Case
Understanding Studies
Analytical Poor
Skills
 6

Q4 Overall Good Majority Students did well & scored good marks too.
performance However students failed to elucidate the close
relationship between competition and economic
Conceptual Average efficiency.
Understanding

Analytical NA
Skills

Q5 Overall Good Most of the students have answered this up to the

performance mark. Overall performance is good. However, answer
of Question 5(b) on objectives behind Water
Conceptual Good (Prevention and Control of Pollution) Cess Act, 1977
Understanding has not been properly answered.

Analytical Good
Skills

Q6 Overall Average Very few attempted Question No. 6. Mostly have opted
performance the other Question No.i.e. 6A. It seems that students
doesn’t have good knowledge on the concept.
Conceptual Average
Understanding

Analytical NA
Skills

Q6A Overall Average Students couldn’t write the procedure of amendment

performance or alteration of objects of Society under Societies
Registration Act, 1860. As regard to Question No. 6A
Conceptual Average (ii) the answer was of general nature but could not
Understanding state correctly the document whose registration is
compulsory.
Analytical poor
Skills

Entire Subject In-depth study is required

paper specific Conceptual clarity is required
Guidance Improve understanding pertaining to
practical/legal aspects of the subject.
Improve basic understanding of the subject
with focus on core concepts.
 7

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)

Subject: Company Accounts and Auditing Practices

Executive Programme (Module II, Paper 5)

S. Ques. Parameters Remarks

No. No.

1 Entire Overall The overall performance of the candidates in this

paper performance paper was found to be average. Candidates had
general understanding of the subject but conceptual
clarity and analytical skills were lacking. Answers
were found to be general and lacking in substance.
The written communication skills also need to be
improved.

2 Entire Pass 36.59

paper percentage
(40 & above
Marks)

3 Q1 Overall Average 1a) The objectives of Accounting Standard are not

performance correctly written by most of the candidates.
1b) Poor Performance by most of the candidates.
Conceptual Average
Understanding 1e) Some candidates attempted it wrongly.

Analytical poor
Skills

4 Q2 Overall Good The overall performance of the candidates is good.

performance However, in question no. 2(b), some of the candidates
were not able to define correctly the disclosure
Conceptual Good requirements as per Schedule III of Companies Act,
Understanding 2013 with regard to Share Capital.

Analytical Average
Skills

5 Q3 Overall Average 3(a) Some of the candidates were not able to calculate
performance the intrinsic value / fair value of shares.
3(b) Some of the candidates wrote incorrect journal
Conceptual Average
entries in the books of the company W Ltd.
Understanding

Analytical Poor
Skills
 8

6 Q4 Overall Poor 4(a) & (b) Very few of the candidates answered it
performance correctly.
Most candidates not able to prepare consolidated
Conceptual Average
profit and loss account correctly.
Understanding
Most candidates not able to write the journal entries
Analytical Poor correctly to record the scheme of reconstruction.
Skills

7 Q5 Overall Good Most of the candidates answered the question

performance satisfactorily.

Conceptual Good
Understanding

Analytical Average
Skills

8 Q6 Overall Good Most of the candidates attempted it well. However,

performance some of the candidates incorrectly answer the Q. No.
6(a) (i.e. short note on compliance audit) and 6A(i)
Conceptual Good (major points for consideration while carrying out
Understanding internal review of recruitment function .

Analytical Average
Skills

9 Entire Subject *Practical problems to be practiced more and more to

paper specific gain better conceptual understanding.
Guidance *Writing to the point in legible manner is required.
* Presenting unnecessary/unwanted information /
contents in the answer is undesirable.
* Thorough reading must be done to have better
command on the subject.
 9

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)

Subject: Capital Markets and Securities Laws

Executive Programme
Module-2, Paper-6

Ques. Parameters Remarks Specific Comments

No.

Entire Overall Average The overall performance of the candidates in this paper
paper performance was average. Candidates do not seem to have the
thorough knowledge on this paper. Many candidates
lacked presentation skill while writing the answer
sheet. It was observed that candidates are not updated
with the latest changes and amendments taking place in
the area. Some of the answers were not relevant to the
question.

Entire Pass percentage 18.88

paper (40 & above
Marks)

Q1 Overall Average In Question No. 1 (c) relating to various schemes of

performance mutual funds according to investment objective, was
explained correctly by majority of the candidates.
Conceptual Average
Question No. 1(a) on calculation of minimum number of
Understanding
equity shares required to be acquired for delisting offer
Analytical Skills Poor and determines the final offer price.
Question No. 1(b) being a practical question on anchor
investor, very few candidates answered these questions
correctly. Due to lack of conceptual clarity and analytical
skill, most of candidates were unable to calculate
minimum number of equity shares and final offer price.
Overall performance of the candidates in this question
was average.

Q2 Overall Average In Question No. 2 relating to Sweat Equity Shares,

performance Domestic and Offshore Hedge Fund and Foreign
Currency Convertible Bond (FCCB) were explained
Conceptual Average correctly by majority of the candidates. Few students
Understanding were unable to elaborate Capital Indexed Bonds and
Exchange Trades Funds. Overall performance of the
Analytical Skills NA candidates was average.
 10

Q2A Overall Poor In Question No. 2A (i) relating to the conditions

performance required to be comply for roll over of the non-
convertible portion of Partly Convertible Debt
Conceptual Poor Instruments, question 2A (ii) on Straight Through
Understanding Processing Mechanism and 2A (iii) on eligibility criteria
for membership of IOSCO was attempted poorly by the
Analytical Skills NA majority of the candidates. Overall performance of the
candidates was also poor.

Q3 Overall Poor In Question No. 3 (a) on commenting on the statement

performance related to Financial Instruments and 3 (c) on Securities
Lending and Borrowing, most of the candidates were
Conceptual Poor unable to answer this question due to lack of proper
Understanding knowledge of the conceptual clarity.
Analytical Skills Poor In Question No. 3 (b) on explaining “the rating
methodology for Non-banking financial services
companies and rating of manufacturing companies are
based on different model and factors”, majority of the
candidates were answered up to mark. By and large, the
overall performance of the candidates was average.
Q4 Overall Average In Question No. 4(a) on Market abuse and its various
performance surveillance actions, the performance of the candidates
was average but in case of surveillance actions,
Conceptual Average candidates gave vague answers.
Understanding
In Question No. 4 (b) on provisions related to Sponsor
Analytical Skills NA of Real Estate Investment Trust, the performance of the
candidates was satisfactory and it seems students was
conversant and have proper understanding of the topic.
Overall performance of the candidates was average.
Q5 Overall Poor In Question No. 5 (a) on framework and process of
performance delisting, upon different statements, most of the
candidates was attempted and gave answer in general
Conceptual Poor way.
Understanding
In Question No. 5(b) on Case Study related to dissenting
Analytical Skills Poor shareholders and Question 5 (c), the performance of the
candidates was poor. Most of the candidates were not
aware about the provisions of dissenting shareholders
and trading plan. Overall performance was poor.
Q6 Overall Poor Question No. 6 on examining various statements was
performance poorly attempted by the majority of the candidates.
Candidates were unable to answer correctly. Overall
Conceptual Poor performance was poor.
Understanding

Analytical Skills Poor

 11

Q6A Overall Average In Question No. 6A on the short notes, most of the
performance candidates attempted very well. By and large the overall
performance was average.
Conceptual Average
Understanding

Analytical Skills NA

Entire Subject specific Improve Presentation Skills.

paper Guidance
Improve Basic understanding of the subject with
focus on core concepts.
Students are advised to read study material properly
and learn latest legal provisions related to securities
laws.
Thorough understanding of procedures and
practices being followed in securities market need to
be read and understood.
More Practice of Practical questions related to Issue
of Securities and Takeover Code should be practised
by the students.
Need to be conversant with the updates provided in
the websites of SEBI, MCA, BSE, NSE etc. Further,
reading of any one financial newspapers, like,
Business Standard, Business Line, Economic Times
etc. and finance journal is advised.
Development of critical skills and creative thinking.
Focus on writing concise, accurate, thoughtful
answers
Logical writing by quoting appropriate case study,
judgment, and examples etc.
 12

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)

Sub: Advanced Company Law and Practice

Professional Programme
Paper 1 (Module I)

Ques. Parameters Remarks Specific Comments

No.

Entire Overall Below average ---

paper performance

Entire Pass 50.04 ---

paper percentage (40
& above
Marks)

Q1 Overall Satisfactory 1(a) Related to the assignment of designing of

performance financial information system to statutory auditor of
subsidiary company was attempted by almost every
student.
Conceptual Satisfactory
Understanding
In question 1(b) regarding the ultimate objective of
an IPO is to maximize the wealth of the promoters
were answered correctly by majority of students.
Analytical NA
Skills
In Q1(c), Proposal to capitalize part of the reserves
by issue of bonus shares in the ratio of 1:1 to its
shareholders was attempted by almost every
student.

1(d) Related to One Person company constitution,

alteration in management and investment decisions
was correctly answered by majority of students.

Students are advised to study from Bare Act of

Companies Act, 2013 and study material thoroughly
for conceptual clarity for answering the question.
 13

Q2 Overall 2(a) Relating to stamping and dating of

performance Memorandum and Articles of Association, the
Not
concept were not clear to many students.
satisfactory

2(b) (i) Purpose of fixing the record date by a listed

Conceptual Not company-
Understanding satisfactory
(ii) relates to Article of Association of a company was
not attempted satisfactorily.

Analytical
Skills 2(c)(i) Relating to Defunct and Dormant Company
NA
was answered by majority of candidates.

2(c)(ii)Chairman of nomination committee was

answered by majority of candidates.

2(c)(iii)Appointment of Independent Directors was

answered by majority of candidates.

2(d) Related to appointment of scrutinizer for

conducting postal ballot, in which many candidates
did not give report of scrutinizers but gave only rules
and regulations for postal ballot.

Q 2A Overall Satisfactory 2(A) (i) Related to payment to a director towards

performance compensation for loss of his office was attempted
well by the students.

Satisfactory
2 (A)(ii) Related to amending its Articles of
Conceptual Association was fairly answered by students.
Understanding

2(A)(iii) On exclusive meeting of Independent

Directors were not answered correctly by many
students.

Analytical NA
Skills 2(A)(iv) With regard to cooperative society under
Societies Registration Act, 1860 was fairly answered.

Students are having basic understanding but need to

focus more to gain the conceptual clarity.
 14

Overall Below 3(a) Relating to acceptance of deposits from its

Performance Satisfactory members in which candidates have not answered the
provisions of acceptance of deposits.
3(b) Relating to non compliance of provisions of
Q3 Below Companies Act, 2013 were not answered properly by
satisfactory the candidates.
Conceptual
Understanding 3(c) On small shareholders was answered not
properly by the students
3(d) Provisions regarding reappointment of the
Analytical NA same cost auditor were not mentioned in proper
Skills manner.

Q3A Overall 3(A) (i), (ii), (iii), (iv) for notes on NFRA, cancellation
Performance of share capital, deemed prospectus, appointment of
Good
directors by tribunal was attempted well by the
students, however the concept of NFRA was not
Conceptual Good explained properly by the students.
Understanding
Student should be focused on the specific topics as
detailed in the study material.
Analytical NA
Skills

4(a) SEBI (LODR) Regulations, 2015 are wider than

Companies Act, 2013 with reference to Related Party
Q4 Overall Poor
Transactions. Some students have answered only
Performance
Companies Act and some students answered only
LODR.
4(b) Deals with exercising of voting powers at the
Conceptual Poor meeting even though e-vote facility having already
Understanding been exercised were not answered correctly by the
students.
4(c) Drafting of a resolution appointing auditor of
Analytical Poor the company to fill vacancy caused resignation were
Skills attempted well but only few students write
explanatory statement too.
Students who attempted this question could not
answer properly.
Students are advised to read latest case laws from
legal websites, Chartered Secretary Journal along
with the study material for attempting such type of
questions.
 15

Overall Satisfactory Parts (a), (b), (c) and (d) to question no. 5. Replied
performance well. However, in parts (b) and (d) of question 5
students were not clear. Most of the students were
Q5 Conceptual Satisfactory found to have lack of knowledge of Nidhi Rules,
Understanding 2014.

Analytical NA A thorough reading of Study material and other

Skills similar suggested publications would help in
strengthening the knowledge.

Overall Satisfactory Q 6(a) Relating to class action suits was answered

performance satisfactorily.
Q 6 (b) On the status of Dormant Company
Q6 Conceptual good
restoration though attempted by many students but
Understanding
not explained clearly.
Analytical NA Q6 (c) Condonation of delay procedure had been
Skills explained by students well.
Question 6(d) Relates to Qualified Company
Secretaries can be issued Certificate of Practice.
(i) An advocate- answered correctly
(ii) An elected member of lok Sabha - answered
correctly
(iii) A blind person- answered correctly
(iv) A farm owner - answered correctly
A thorough reading of Study material and other
similar suggested publications would help in
strengthening the knowledge.

Entire Subject Candidates are advised to read the study material

paper specific thoroughly for gaining indepth knowledge of the
Guidance subject. Further, reading of student company
secretary (e-bulletin), business newspapers, notices
and annual reports of the companies and website of
the Ministry of Corporate Affairs is need of the hour,
for keeping them abreast with the changes in the law
as well as to improve the drafting skills.
 16

EXAMINER’S OBSERVATIONS AND COMMENTS

(December, 2017 Examination)
Sub: Secretarial Audit Compliance Management and Due Diligence
Professional Programme
Paper 2 (Module I)

Ques. Parameters Remarks Specific Comments

No.
Entire Overall ---
paper performance
Entire Pass percentage 54.30 ---
paper (40 & above
Marks)
Q1 Overall Satisfactory Question No. 1(a) which was based on case study was
performance satisfactorily attempted by majority of the candidates.
In Question No. 1(b) and 1(c) Candidate’s analytical
Conceptual Satisfactory ability and good supporting points for the answers
Understanding were missing.
In Question No. 1C, the candidates were supposed to
explain the Integrity Pact. However, some Candidates
Analytical Skills Below average
have written long and vague explanation of Integrity
pact.
Candidates are advised to read the questions carefully
before answering and then write relevant and to the
point answers.
Q1 A Overall Satisfactory 1A(i) Applicability on provisions of CSR and its
performance eligibility criteria for carrying out CSR activity is well
written by the students.
Conceptual Satisfactory
Understanding 1A (ii) Check points in regard to Secretarial Standards
2 is not at all explained by the students.
1A(iii) Constitution of Board is well explained by the
Analytical Skills Below Average students
1A(iv) Explanatory Statement pursuant to section 102
of the Companies Act, 2013 lacks practical aspect
1A(v) Check list with respect to Registrar of
investments while conducting the secretarial Audit
lacks clarity.
Candidates are advised to study thoroughly the
provisions and should state the answers stating
accurate provisions of law
Q2 Overall Fair Q. 2(a) Environmental, economic and social factors
performance which are recognized while setting up of business is
 17

not well attempted by the students. The answers lack

common sense.
Q. 2(b) Due diligence of delisting of Indian Depository
Conceptual Not satisfactory Receipt is not clearly answered by the students.
Understanding Q.2(c) Need for Competition Compliance programme
is not properly answered by the majority of the
students
Analytical Skills poor
Candidates are requested to clear their concept
relating to other laws as well. Mostly attempted at
average level.
Q 2A Overall Satisfactory 2(A) (i) relating to due diligence with respect to
performance payment of consideration for merger and
amalgamation was answered by many but not quoted
the relevant provisions of the Act where it is covered.
Conceptual Satisfactory 2 (A)(ii) relating to legal due diligence in IPR/Patent/
Understanding R&D Details and Material contracts is not fairly
answered by students.
Analytical Skills Fair 2(A)(iii) with regard to restrictions on allotment of
securities was correctly answered by many.
Candidates are having basic understanding but need to
focus more to gain the conceptual clarity.

Overall Below 3(a) related to amount that can be withdrawn towards

Performance Satisfactory dividend is not answered appropriately by the
students. Lack of practical aspect in the answer.
Candidates need to focus more on practical questions
Below which deals with calculation of dividend.
Q3
satisfactory
Conceptual 3(b) Note on data Room and advantage of virtual data
Understanding Room is not clear by majority students. Candidates are
advised to write answers point wise and in a logical
sequence instead of writing lengthy and vague
Analytical Skills Poor answers.
Candidates are advised to read the provisions of law
carefully. Intense knowledge is required. Practical
knowledge should be enhanced among the students
Q4 Overall Good 4(a) Related to cultural Due Diligence during merger is
Performance not answered correctly by majority of the student due
to lack of knowledge of economic legislation like SEBI
Conceptual Good
and capital market
Understanding
4(b) Objective of compliance programme template is
Analytical Skills Good to help the secretarial auditor in evaluating the critical
aspects of compliance management is fairly answered
by the students.
4 (c ) Compliance under SAST is not attempted at ease
 18

by majority of the students because of less clarity on

the SEBI regulations.
Candidates are advised to read latest case laws from
legal websites, chartered secretary along with the
study material for attempting this question.
Q5 Overall Good 5(a) Short notes on legal Due Dilignce, when
Performance dominance gets abused and ADRs/GDRs are not well
answered by the students.
5(b) Definition of corporate culture, SME exchange are
Conceptual Good very well answered by the candidates
Understanding Candidates should focus on the specific topics as
detailed in the study material. They should also do
thorough study and should have sound knowledge of
Analytical Skills Fair
other laws as well.

Overall Satisfactory Q 6(a) relating to areas to be avoided while setting up

performance of business as per guidelines issued by the Ministry of
Environment and Forest was answered satisfactorily.
Q6 Conceptual Satisfactory
Understanding Q 6 (b) on search and Status Report are not explained
clearly by majority of the student.
Analytical Skills Satisfactory
Q6 (c ) Information in the Public announcement under
Regulation 15 of SEBI SAST Regulations, 2011 was
answered at the satisfactory Level .
A thorough reading of Study material and other similar
suggested publications would help in strengthening
the knowledge. Presentation of the answer shall be
taken care of. The quality of answers was not as per
the standard. This shows lack of conceptual clarity and
application of knowledge. It is advised that candidates
should study the entire syllabus thoroughly and not
depend upon selective study.
Entire Subject specific Candidates are advised to read the study material
paper Guidance thoroughly for gaining in depth knowledge of the
subject. Further, reading of student chartered
secretary, business newspapers, notices and annual
reports of the companies and website of the Ministry
of Corporate Affairs is a must in the today’s fast
changing world, for keeping them abreast with the
changes in the law as well as to improve the drafting
skills. Practical side should be encouraged like
calculations and arriving at the desired figures. Need
to be more familiar with economic legislation like
SEBI, capital market etc. Clear compliance of
provisions of different Acts is also required to be read
by the students.
 19

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December, 2017 Examination)

Sub: CORPORATE RESTRUCTURING, VALUATION AND INSOLVENCY

Professional Programme
Paper 3 (Module I)

Ques. Parameters Remarks Specific Comments

No.
Entire Overall Average Candidates are advised to go through Study Material
Paper Performance thoroughly, read the questions carefully and give to the
point answers. Answers shall be conceptual, written in
precise and concise manner rather than general write-
ups. Question Numbers shall be clearly mentioned in the
answer sheet.
Entire Pass percentage 46.04 --
Paper (40 & above Marks)
Q1 Overall Average The performance of the candidates in Question No. 1 was
performance average.
Conceptual Average Few candidates could not attempt Question Nos. 1(c) &
Understanding (d) satisfactorily.
Analytical Skills Average Most of the answers were general in nature. In-depth
knowledge is required.
Q2 Overall Good The performance of the candidates in Question No. 2 was
performance good.
Conceptual Average Many candidates failed to provide satisfactory answer to
Understanding Question No. 2(c)
Analytical Skills Poor Lack of conceptual clarity, in-depth knowledge required.

Q2A Overall Average Performance of students in Question No. 2A was average.

performance Question Nos. 2A(ii) and (iii) were not answered
satisfactorily.
Conceptual Average
Understanding Candidates should improve their analytical ability.

Analytical Skills Average

Q3 Overall Good In Question No. 3 the performance was good in general.

performance Students could not attempt Question No. 3(a) and (e)
well.
Conceptual Average
Understanding
Candidates should study concepts thoroughly.
Analytical Skills Average
 20

Q4 Overall Average In Question No. 4 the performance was average in

performance general.
Most students could not attempt Question No. 4(b)
Conceptual Average
correctly.
Understanding
Most of the candidates could not mention case law in
Analytical Skills Poor Question No. 4(c).
Students should focus more on practical aspects and
problem solving.

Q5 Overall Average Overall performance in Question No. 5 was average.

performance
Conceptual Average Question No. 5(a) & (c) were attempted by few
Understanding candidates correctly.
Analytical Skills Poor Students should focus more on practical aspects and
problem solving.
Q6 Overall Good In Question No. 6 the performance was good in general.
performance
Conceptual Average Students could not attempt Question Nos. 6(a) & (c) well.
Understanding
Analytical Skills Average
Candidates should improve their analytical ability.
Q6A Overall Average Performance in Question No. 6A was satisfactory.
performance
Conceptual Average Students could not attempt Question Nos. 6(iii) and (iv)
Understanding well.
Analytical Skills Poor Candidates should improve their analytical ability.

Entire Subject specific 1. This subject requires practical approach to understand

Paper Guidance Accounting, Taxation and Valuation aspects related to
Corporate Restructuring. Candidates should focus more
on practical understanding and problem solving.
2. Students should focus more on conceptual clarity and
read case laws on the subject. More attention needs to be
given on analytical ability in dealing with practical
problems. Wherever possible, case laws should be
mentioned in answers.
3. Handwriting plays an important role in obtaining good
marks so candidates are required to improve their
handwriting as well. Candidates should focus upon
improving their writing skills and English language in
order to write the answers properly.
 21

4. Candidates should read Bare Acts, latest amendments

from website of regulators, Chartered Secretary, etc. for
updating their knowledge.
5. Candidates are further advised to improve their
knowledge of laws, rules, and regulations. They should
thoroughly read provisions of Companies Act, SEBI Act,
Competition Act, Income-tax Act, IBC Code, etc. and
contemporary developments in the area of corporate
restructuring, valuation and insolvency from newspapers
and journals.

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Information Technology and System Audit
Professional Programme
Paper 4 (Module II)

Ques. No. Parameters Remarks Specific Comments

Entire Overall Good

paper performance

Entire Pass percentage 49.32 ---

paper (40 & above
Marks)

Q1 Overall Good Answer 1(a) was attempted quite well by the

performance candidates, whereas answers 1(b), (c) and (d) was
answered in a general way by majority of candidates.
Conceptual Good Majority of candidates could not comprehend the
Understanding specific concepts and gave general answers.

Analytical Skills NA This shows that there is a further scope of

improvement for the candidates for understanding the
questions and then answering without generalizing the
answers.

Q2 Overall Very Good Most of the candidates attempted Q. No. 2 and their
performance performance was average in all the parts, except in part
(c) where the performance was non-satisfactory.
Conceptual Very Good
Understanding

Analytical Skills NA
 22

Q 2A Overall Good Though, only few candidates attempted Question 2A,

performance yet it was answered reasonably well in comparison to
Question 2.
Conceptual Good
Understanding

Analytical Skills NA

Q3 Overall Average Q. No. 3 has been widely attempted by most of the

performance candidates and performance has been satisfactory.

Conceptual Average
Understanding

Analytical Skills NA

Q 3A Overall Good Few candidates attempted this question. The

performance performance of the candidates who attempted this
question was good except for part (i), where
Conceptual Good performance was not satisfactory at all.
Understanding

Analytical Skills NA

Q4 Overall Average The performance of the candidates was average in part

performance (a) and was below average in part (b). Further, the way
majority of candidates have written the answers shows
Conceptual Average lack of conceptual clarity.
Understanding

Analytical Skills NA

Q5 Overall Good Performance of candidates in part (a) was more or less

performance satisfactory, whereas, it was poor in part (b), as most of
them couldn’t solve the question appropriately and
Conceptual Good conceptually.
Understanding

Analytical Skills NA

Q6 Overall Good Performance of the candidates was average. From the

performance quality of answers, it appears that the candidates were
not able to understand the concept of DSS. Further, in
Conceptual Average Part (c), majority of candidates reproduced the legal
Understanding provision rather than explaining it with logic and
rationale.
Analytical Skills NA

Entire Subject specific Practical Questions should be designed.

paper Guidance Improved Presentation.
 23

Write answers in clear and precise manner.

Concentrate on fundamental concepts to solve
practical questions correctly.
Improve Basic understanding of the subject
with focus on core concepts.
Practice exhaustively by solving practical
problems from standard text books, suggested
readings and practice manual.

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Financial Treasury and Forex Management
Professional Programme
Paper 5 (Module II)

Ques. No. Parameters Remarks Specific Comments

Entire Overall ---

paper performance
Entire Pass percentage 65.53 ---
paper (40 & above
Marks)
Q1 Overall Satisfactory Being a compulsory question almost all the candidates
performance have answered this question satisfactorily but still
there is scope for further improvement. The candidates
Conceptual Average can improve their presentation and answer in a clear
Understanding and precise manner.
Analytical Skills NA
Q2 Overall Average Most of the candidates attempted Q. No. 2 and their
performance performance was average but performance in part (c)
was not up to the mark.
Conceptual Average
Understanding
Analytical Skills NA
Q 2A Overall Satisfactory Few candidates have attempted this question and those
performance who attempted Q. No. 2A their performance was
satisfactory.
Conceptual Average
Understanding

Analytical Skills NA
 24

Q3 Overall Good Q. No. 3 has been widely attempted by most of the

performance candidates and performance has been very good except
for part (c) and (d).
Conceptual Good
Understanding

Analytical Skills Good

Q 3A Overall Average Few candidates attempted this question. The

performance performance of the candidates who attempted this
question was average but performance in part (ii) and
Conceptual Average (iii) was not up to the mark.
Understanding

Analytical Skills Average

Q4 Overall Average The performance of the candidates was average. Most

performance of the candidates couldn’t answer part (b) correctly
which shows lack of conceptual clarity.
Conceptual Average
Understanding

Analytical Skills Average

Q5 Overall Average Performance of candidates in part (a) was more or less

performance satisfactory but in part (b) it was poor as most of them
couldn’t solve the question correctly.
Conceptual Average
Understanding

Analytical Skills Average

Q6 Overall Average Performance of the candidates was average but the

performance question could not be answered fully by most of the
candidates.
Conceptual Average
Understanding

Analytical Skills Average

Entire Subject specific Improve Presentation

paper Guidance Write answers in clear and precise manner
Concentrate on fundamental concepts to solve
practical questions correctly
Improve basic understanding of the subject with
focus on core concepts.
Practice exhaustively by solving practical
problems from standard text books, suggested
readings and practice manual.
 25

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: ETHICS, GOVERNANCE & SUSTAINABILITY
Professional Programme
Paper 6 (Module II)

Ques. Parameters Remarks Specific Comments

No.

Entire Overall Average --

Paper Performance

Entire Pass percentage 69.60 --

Paper (40 & above
Marks)

Q1 Overall Average Overall performance of candidates in Question No. 1 was

performance average. Question No. 1(a) based on case study was satisfactorily
attempted by majority of the candidates. However, all aspects of
Conceptual Average dilemma and steps of action needed, not explained adequately.
Understanding The performance of the candidates in Question No. 1(b) was not
as per standards. Candidates lack contents, and coverage to the
Analytical Skills Poor answers was also missing. In Question No. 1(c), the performance
of candidates was good. Candidates are advised to read the
questions carefully before answering and then write relevant
and to the point answers. Candidates are also advised to use
their analytical mind while answering questions.

Q2 Overall Average The Question No. 2 was attempted by very few candidates. In
performance answers to Question No. 2(a), the analytical view was missing.
The Question No. 2(b) with regard to vigil mechanism has been
Conceptual Good attempted very well by most of the candidates. In Question No.
Understanding 2(c), most of the candidates poorly drafted the minutes of board
meeting. Candidates are advised to update their conceptual
Analytical Skills Average knowledge and carefully read the law.

Q2A Overall Average The Question No. 2A was answered satisfactorily by most of the
performance candidates. The majority of candidates answered the Question
No 2A(i) very well. In Question No. 2A(ii), most of the candidates
Conceptual Average answered vaguely about the tools used by institutional investors
Understanding to assess the health of a company before making the investment
decision. In Question No. 2A(iii), most of the candidates have
Analytical Skills -- explained only the composition of committees, whereas the
question was related to rationale behind composition of board
committees. The quality of answers was not as per the standard.
 26

Q3 Overall Good The Question No. 3 was well answered by most of the
performance candidates. In Question No. 3(a), candidates were well versed
with the provisions of Companies Act and SEBI regulations on
Conceptual Average audit committee. In Question No. 3(b), the candidates were
Understanding expected to write steps to be taken for a proper management of
risk in the business. But most of the candidates wrote the
Analytical Skills Average meaning of risk management. In Question No. 3(c), most of the
candidates had no knowledge of recommendations made by
Ganguli Committee on Corporate Governance. It is advised that
candidates should study the entire syllabus thoroughly and not
depend upon selective study.

Q4 Overall Below The performance of candidates in Question No. 4 was below

performance Average average. The answers were either vague or the conceptual
clarity was missing. In Question No. 4(a) majority of candidates
Conceptual Poor answered incorrectly even the days, w.r.t. prior intimation of
Understanding board meeting to stock exchanges. The answers to Question No.
Analytical Skills -- 4(b) were satisfactory. The candidates totally blank in Question
No. 4(c) w.r.t. rules regarding appointment of Chairman of a
banking company. This shows lack of conceptual clarity and
application of knowledge.
Q5 Overall Average The performance of candidates in Question No. 5 was
performance satisfactory, except in part (c). Question No. 5(a) was attempted
averagely by candidates; most of the candidates explained few
Conceptual Average factors which led to increasing attention being devoted to CSR
Understanding by the organisations. The Questions No. 5(b) was attempted
satisfactorily by majority of candidates. The Question No. 5(c),
Analytical Skills Average
pertaining to Millennium Development Goals was answered
incorrectly by most of the candidates.
Q6 Overall Average The overall performance of candidates in Question No. 6 was
performance average. However, most of the candidates do not know about
Global Compact Assessment Tools and Standard and Poor’s ESG
Conceptual Poor India Index. Candidates are advised to write answers point wise
Understanding and in a logical sequence instead of writing lengthy and vague
Analytical Skills -- answers.

Q6A Overall Poor In Question No. 6A, the performance of candidates was not
performance satisfactory. Majority of the candidates have not attempted this
section and those who have, had also written very vague and
Conceptual Poor poor answers. In Question No. 6A(iii) which was on Green
Understanding washing, most of the candidates answered about green house
gases. In Question No. 6A(v), most of the candidates have
Analytical Skills --
written incorrect fundamentals of the UK’s Corporate
Manslaughter and Corporate Homicide Act. These are important
emerging issues and candidates are advised to read them
carefully. Candidates are also advised to improve contemporary
developments in the area of corporate governance.
 27

Entire Subject specific Clear conceptual understanding of relevant legal

Paper Guidance provisions and concepts.
In theoretical questions, it is important to write answers
in definite and precise manner.
Write neatly with clear and eligible handwriting.
Try to write answers point wise and highlight important
points wherever possible.
In-depth knowledge about specific terms required.
Write question numbers correctly and prominently.
Proper time management is also important.

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)

Sub: Advance Tax Laws and Practice

Professional Programme
Paper 7 (Module III)

S. No. Ques. Parameters Remarks

No.

1 Entire Overall Average The overall performance of the candidates in this

paper performance paper was found to be average. Candidates had
general understanding of the subject but conceptual
clarity, technical depth and analytical skills were
found to be lacking. Answers were found to be general
and lacking in substance. The conceptual clarity on
the subjects needs to be improved.

2 Entire Pass 43.28

paper percentage
(40 & above
Marks)

3 Q1 Overall Above Most of the candidates gave satisfactory answers to

performance Average the question. However, some of the candidates
answered incorrectly on taxability in case of question
Conceptual Average no. 1(a). Further, some of the candidates did not
Understanding correctly mentioned the tax incentives applicable to
start-ups as per provisions of Income Tax Act, 1961
Analytical Average
Skills
 28

4 Q2 Overall Average 2(b) Some of the candidates incorrectly calculated the

performance relief under section 91 of the Income tax Act, 1961

Conceptual Average
Understanding In question 2(c), most of the candidates could not
correctly mention the powers exercised by Authority
Analytical Average for advance ruling as per Income Tax Act, 1961.
Skills

5 Q2A Overall Below In question 2(A)(i), the provision of Rule 7 of

performance Average Computing agricultural income is not correctly
computed by most of the candidates.
Conceptual Below
Understanding Average
Most of the candidates not attempted the question.
Analytical Below
Skills Average
6 Q3 Overall Above In question 3, most of the answers were satisfactory.
performance Average However, there was unsatisfactory performance in
solving numerical questions related to the topic of
Conceptual Average
Customs
Understanding
Analytical Average
Skills
7 Q4 Overall Average The performance in Q 4(c) was poor due to non
performance understanding/lack of knowledge of Customs portion
of indirect Tax laws.
Conceptual Below
Understanding Average
The performance of Q 4(c) was overall unsatisfactory.
Analytical Average
Skills
8 Q4A Overall Average Poor performance in Q4A(c ) was noticed / observed
performance regarding computing Duty Drawback.
Conceptual Average
Understanding
Analytical Average
Skills
9 Q5 Overall Average Students did not answer Q5(c) correctly. Performance
performance in the numerical and Customs portion was not
satisfactory. In few cases, Q 5(b) and (d) were also
Conceptual Below answered poorly.
Understanding Average

Analytical Average
Skills
 29

10 Q6 Overall Below Many answers were generalized i.e., very general

performance Average answers were given by students and not precise to the
point. In depth and thorough knowledge of GST is
required, since the law is new.
Conceptual Below
Understanding Average

Analytical Below
Skills Average

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)

Subject: Drafting, Pleading and Appearances

Professional Programme
Paper 8 (Module III)

Ques. Parameters Remarks Specific Comments

No.

Entire Overall Good

paper performance

Entire Pass percentage 73.68 ---------

paper (40 & above
Marks)

Q1 Overall Average Most of the student unable to comment on in

performance Question 1 (d) i.e. Rule of Interpretation.

Conceptual Good
Understanding

Analytical Skills Average

Q2 Overall Good Except Question 2 (b) remaining three parts were

performance answered satisfactorily by most of the students. In
part (b) students were unable to give answer about
Conceptual Good Shrink Wrap Agreement.
Understanding

Analytical Skills NA
 30

Q2A Overall Very Good All the parts are answered satisfactorily by most of
performance the students

Conceptual Very Good

Understanding

Analytical Skills NA

Q3 Overall Good Almost all the students attempted this question

performance and provided proper answers. However answer
3(b) has not been properly answered by most of
Conceptual Good the students.
Understanding

Analytical Skills NA

Q3A Overall Good Almost all the students attempted this question
performance and provided proper answers. However on
question 3(ii) students have failed to draft an
Conceptual Average application in the capacity of an advocate.
Understanding

Analytical Skills NA

Q4 Overall Above Average Most of the students have drafted the sale deed and
performance deed of gift for love and affection in short, but have
ignored the essential parts of deed.
Conceptual Average
Understanding

Analytical Skills Good

Q5 Overall Very Good Well answered by the students.

performance

Conceptual Very Good

Understanding

Analytical Skills NA

Q6 Overall Poor Question 6(a) and 6(b) poorly attempted as most

performance of the candidate could not understand the
question. Most of the students have unable to draft
Conceptual Average the notice of suit and general power of attorney.
Understanding

Analytical Skills poor

Entire Subject specific Improve basic understanding of the subject

paper Guidance with focus on core concepts.
 31

Development of analytical skill & creative

thinking.
Improve understanding on the
practical/legal aspect of the subject.

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Banking Law and Practice
(Professional Programme)
Elective Paper 9.1 (Module III)

Ques. No. Parameters Remarks Specific Comments

Entire Overall Average

paper performance

Entire Pass percentage 62.69% ---

paper (40 & above
Marks)

Q1 Overall Average Most of the students attempted this questions and the
performance performance of the candidates was average in this
question.
Conceptual Average
Understanding

Analytical Skills Average

Q2 Overall Good The performance of the candidates was good in this

performance question.

Conceptual Good
Understanding

Analytical Skills NA

Q3 Overall Good The performance of the candidates was good in this

performance question.

Conceptual Good
Understanding

Analytical Skills NA
 32

Q4 Overall Average The performance of the candidates was average in this

performance question.

Conceptual Average
Understanding

Analytical Skills NA

Q5 Overall Good The performance of the candidates was good in this

performance question.

Conceptual Good
Understanding

Analytical Skills NA

Q6 Overall Average The performance of the candidates was average in this

performance question.

Conceptual Average
Understanding

Analytical Skills NA

Entire Subject specific It being an open book examination, students

paper Guidance relay on books and are not practicing the
subject. Addition of few applied examples of
concepts may enhance their knowledge.
Improve Basic understanding of the subject
with focus on core concepts.
Candidates should not be dependent on study
material only; rather they should see the latest
developments in this area with the help of
newspaper, journals, articles etc.
Improve practical/legal aspect of the subject.
Improve interpretation and presentation.
Improve awareness about
amendments/regulations etc.
Candidates should not be satisfied with surface
knowledge to pass the examination.
Candidates are advised to read Chartered
secretary Journal, various decided case laws
etc.
Practice exhaustively by solving practical
problems from standard text books, suggested
readings and practice manual.
 33

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Capital Commodity and Money Market
Professional Programme
Elective 9.2 (Module III)

Ques. Parameters Remarks Specific Comments

No.

Entire Overall Good

paper performance
Entire Pass percentage 59.66 ---
paper (40 & above
Marks)
Q1 Overall Average Majority of Candidates could not attempted all the
performance questions up to the mark. And answer to Q 1 (a) was
not at all attempted correct by majority of candidates.
Conceptual Average
Understanding
Analytical Skills Average
Q2 Overall Good Answer 2 (b) was answered satisfactorily by majority
performance of candidates. Wherein answer 2 (a) was not at all
understood by the candidates and was answered
Conceptual Good without an analysis and relevance to the case study.
Understanding
Answer 2 (c) was answered non-satisfactorily by
Analytical Skills Good majority of candidates. In second part of the question,
most of the candidates could not derive the net gain of
bonus share when liquidated.
Q3 Overall Good Majority of the candidates attempted the question
performance quite satisfactorily, yet there stands a scope of
improvement.
Conceptual Good
Understanding
Analytical Skills NA
Q4 Overall Good The performance of the candidates was quite good in
performance the first part of the question, wherein in the second
part of the question, majority of candidates could not
Conceptual Good arrive at the correct calculation.
Understanding

Analytical Skills Above-

Average
 34

Q5 Overall Good Majority of candidates explained the answer quite

performance well.

Conceptual Good
Understanding

Analytical Skills NA

Q6 Overall Below Performance of candidates in this question was quite

performance Average poor and majority of the candidates were wrong in
their analysis and calculations.
Conceptual Below
Understanding Average

Analytical Skills Poor

Entire Subject specific Improve the basic understanding of the subject

paper Guidance with focus on core concepts.
Candidates should not be dependent on study
material only; rather they should work upon
solving the practical aspect of the paper.
Improve practical/legal aspect of the subject.
Improve interpretation and presentation.
Improve awareness about
amendments/regulations etc.
Candidates should not be satisfied with surface
knowledge to pass the examination.
Candidates are advised to read Chartered
secretary Journal, various others to capture the
analytical skills of case studies.
Practice exhaustively by solving practical
problems from standard text books, suggested
readings and practice manual.
 35

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Sub: Insurance Law and Practice
Professional Programme
Elective 9.3 (Module III)

Ques. No. Parameters Remarks Specific Comments

Entire Overall Average

paper performance

Entire Pass 28.42% ---

paper percentage (40
& above Marks)

Q1 Overall Average The performance of the candidates was average in

performance this question.

Conceptual Average
Understanding

Analytical Skills Average

Q2 Overall Average The performance of the candidates was average in

performance this question.

Conceptual Average
Understanding

Analytical Skills Average

Q3 Overall Average The performance of the candidates was average in

performance this question.

Conceptual Average
Understanding

Analytical Skills NA

Q4 Overall Average The performance of the candidates was average in

performance this question.

Conceptual Average
Understanding

Analytical Skills NA
 36

Q5 Overall Below Performance of the candidates was below average.

performance Average

Conceptual Below
Understanding Average

Analytical Skills NA

Q6 Overall Average The performance of the candidates was average in

performance this question.

Conceptual Average
Understanding

Analytical Skills NA

Entire Subject specific It being an open book examination, students

paper Guidance relay on books and are not practicing the
subject. Addition of few applied examples of
concepts may enhance their knowledge.
Improve Basic understanding of the subject
with focus on core concepts.
Candidates should not be dependent on study
material only; rather they should see the latest
developments in this area with the help of
newspaper, journals, articles etc.
Improve practical/legal aspect of the subject.
Improve interpretation and presentation.
Improve awareness about
amendments/regulations etc.
Candidates should not be satisfied with
surface knowledge to pass the examination.
Candidates are advised to read Chartered
secretary Journal, various decided case laws
etc.
Practice exhaustively by solving practical
problems from standard text books, suggested
readings and practice manual.
 37

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Subject: Intellectual Property Rights – Law and Practice
Professional Programme
Elective 9.4 (Module III)

Ques. No. Parameters Remarks Specific Comments

Entire Overall Good

paper performance

Entire Pass 72.32 ---

paper percentage (40
& above Marks)

Q1 Overall Average Most of the candidates seems to be unaware of ‘Spirit

performance and Basis of section 107A of Patents Act. Therefore
answer 1(a) and I (b) were attempted almost similar.
Conceptual Average
In 1(c), answers were not satisfactory at all, wherein
Understanding
the question 1(d) was answered satisfactorily by
Analytical Skills Poor most of the candidates.

Q2 Overall Above - Most of the candidates couldn’t answer 2 (a) correctly

performance Average which shows lack of conceptual clarity. Answer 2 (b)
was also answered without an analysis and relevance
Conceptual Above - to the case study. Wherein most of the candidates
Understanding Average answered 2(c) correctly, as only name of three cases
were asked and no analysis of the cases has been
Analytical Skills Fair asked for.

Q3 Overall Good Performance has been good in this question, except

performance for few of the candidates, who copied the answers
from the book rather than putting them in their own
Conceptual Good words i.e. the practical angle is lacking.
Understanding

Analytical Skills Good

Q4 Overall Very Good The performance of the candidates was very good in
performance this question.

Conceptual Very Good

Understanding

Analytical Skills NA
 38

Q5 Overall Above- Performance of the candidates was above average but

performance Average the question could have been answered better with
clear relationship between Intellectual Property Law
Conceptual Above- and Technology Transfer rather than copying the text
Understanding Average from study material and/or books.

Analytical Skills NA

Q6 Overall Good Performance of candidates in part was more or less

performance good.

Conceptual Good
Understanding

Analytical Skills NA

Entire Subject specific Improve basic understanding of the subject

paper Guidance with focus on core concepts.
Candidates should not be dependent on study
material only; rather they should see the latest
developments in this area with the help of
newspaper, journals, articles etc.
Improve understanding on practical/legal
aspects of the subject.
Improve interpretation and presentation.
Improve awareness about
amendments/regulations etc.
Candidates should not be satisfied with
superficial knowledge to pass the examination.
Candidates are advised to read Chartered
Secretary Journal, various decided case laws
etc.
Practice exhaustively by solving the practical
problems from standard text books, suggested
readings and practice manual.
 39

EXAMINERS’ OBSERVATIONS AND COMMENTS

(December 2017 Examination)
Sub: International Business-Laws and Practices
Professional Programme
Elective 9.5 (Module III)

S. Ques. Parameters Remarks

No. No.
1 Entire Overall Average
paper performance
2 Entire Pass 77.78 -------------
paper percentage
(40 & above
Marks)
3 Q1 Overall Good Performance of most of the students was good. Many
performance students replied with proper conceptual ideas. But
some students were not able to analyse the question
Conceptual Average
and give their own answer.
Understanding
Analytical Good
Skills
4 Q2 Overall Average Most of the Candidates attempted part (a) and (f) very
performance well. However, part (b), (c), and (d) & (e) was not
answered satisfactorily by many of the students. It
Conceptual Good
was found that most of the student have lack of
Understanding
analytical ability except few students.
Analytical Average
Skills
5 Q3 Overall Average Concepts seem to be clear but unable to apprised the
performance role of WTO pertaining to India’s International
business. Answer needed to be supported by few
Conceptual Average
examples which were missing.
Understanding
Analytical NA
Skills
6 Q4 Overall Average Many students have written the answer without
performance conceptual ideas. Concept of Investment in Indian
Economy was not clear to the students.
Conceptual Average
Understanding

Analytical NA
Skills
 40

7 Q5 Overall Poor This was the least satisfactory attempt. Nobody

performance replied as per the model answers.

Conceptual Average
Understanding

Analytical Poor
Skills

8 Q6 Overall Good This question was very much clear to the students.
performance They discussed it elaborately and had written good
contents.
Conceptual Good
Understanding

Analytical Good
Skills

9 Entire Subject It being an open book examination, students

paper specific relied on books and are not studying the
Guidance subject in details. Addition of few practical
examples of concepts may enhance their
knowledge.
Improve basic understanding of the subject
with focus on core concepts.
Improve interpretation and presentation.
Improve understanding on practical/legal
aspects of the subject.
Candidates are advised to read journal ,
Chartered secretary various decided case laws
etc.

***