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Most Relevant Topics of EBCL & Weightage

Chapter 1 RBI Previous Year – 13 Marks Already asked Lender of last resort Legal tender Object of payment settlement system Anticipation – 5 to 10 marks Type of question –

1. direct 2. discreptive Important concepts i. Instrument used by RBI to control the economy. ii. Constitution of monetary policy committee iii. Role of reserve bank of India a. custodian of foreign exchange reserve iv. Central board of directors. v. History of RBI. vi. Meeting of monetary policy committee vii. Powers of RBI.

Chapter 2 FEMA 1999 Previous Year – 4 Marks Already asked Compounding of offences Note:- it was not related to this chapter Anticipation 0-4 marks Type - direct Imp concept – objective of FEMA

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Chapter 3 Foreign Exchange Transaction & Compliance Previous Year – 9 Marks Already asked Rules relating to acquisition & transfer of immovable property Various modes of acquiring property outside India by resident Anticipation – 4 - 8 marks Type – direct & descriptive Important concept a) Capita A/C and current A/C transaction. b) Limit on possession & retention of foreign currency. c) Person president in India to hold own, transfer immovable outside India d) Situations where drawl of foreign exchange is prohibited. e) Forex transaction where prior approval is required for individuals. f) Compounding process g) Remittance/winding up of branch office

Chapter 4 FCRA Previous Year – 5 Marks Already asked Power to prohibit receipt of foreign contribution Anticipation – 5 marks Type – Direct a) State the person who are prohibited to receive foreign contribution. b) Circumstances where FCRA does not apply. c) Procedure to notify an organization of a political nature. d) Grant of certificate of registration & its cancellation.

Chapter 5 FDI Previous Year – 0 Marks Already asked Anticipation – 10 marks Type – Direct Case base Important a) Sector where FDI is not permitted. b) FDI in LLP and its conditions. c) FDI in startups. d) Entry route for investment e) Eligible investors in FDI f) Cases which do not require fresh approval. g) Guidelines for FDI in E-commerce h) List any 5 sectors which come under 100% automatic route i) Guidelines for single brand & multiple brand retail reading j) Insurance company & its conditions. k) Issue of ESOP l) Procedure to establish BO/LO/PO & transfer of asset. m) Downstream investment. n) Investment by NRI on repatriation basis. o) Pledge of shares.

Chapter 6 ODI Previous Year – 4 Marks Already asked Can a person acquire foreign securities without prior approval of RBI Anticipation – 0-4 marks Type – direct Important a) Overseas investment by proprietorship concern & registered trust & society. b) Indian mutual fund for investment abroad. c) Obligation of Indian party who made ODI.

Chapter 7 LRS Previous Year – 4 Marks Already asked What is LRS & facility to students for pursuing abroad studies abroad Anticipation – 0 - 4 marks Important:- a) Up to what amount AD may release foreign exchange for medical treatment & business trip. b) Permissible capital & current A/C transaction. c) Prohibited LRS transactions. d) State the permissible limit:- a. For commission to agent abroad. b. Consultancy services. c. Tour arrangement by agents.

Chapter 8 EXTERNAL COMMERCIAL BORROWINGS Previous Year – 4 Marks Already asked Procedure for raising ECB Anticipation – 4 - 8 marks Type - Direct a) Conversion of ECB into Equity b) MAMP c) ECB for startups. d) Eligible lenders. e) End uses of ECB f) Reporting requirements.

Chapter 9 FOREIGN TRADE POLICIES & PROCEDURE Previous Year – 4 Marks Already asked What are the objective of FTP Anticipation – 4 marks a) Items which are not eligible for MEIS b) Privileges of status holder (6 to 7) c) Short note on IE code & its exemptions. d) Principle of restrictions. e) Ineligible categories under SEIS f) Status holder category & grant of double weightage. g) Exit from EOU scheme. h) Quality complaints & trade disputes – complete topic.

Chapter 10 NBFC Previous Year – 8 Marks Already asked Grounds on which RBI may cancel COR of NBFC Various types of NBFCs Anticipation – 0- 4 marks Question type - Direct a) Difference between NBFC /banks. b) Power of bank in regards to NBFC. c) Core investment companies.

Chapter 11 SEZ, 2005 Previous Year – 5 Marks Already asked SEZs are growth engine of country state the feature of SEZ Act 2005. Anticipation – 0-4 marks Important a) Duties, powers & function of board of approval. b) Setting of unit. c) SEZ authority & functions. d) Power of CG to supersede authority.

Chapter 12 Competition Act 2002 Previous Year – 25 Marks Already asked Cartel Anti competitive agreement Combination Collusive bidding Abuse of dominance Factors to determine dominant position Purpose of competition policy is to preserve competition Anticipation – 25 marks Type- direct /case base Important a) cartel b) Relevant market (relevant product & geographic market) c) Anti competitive agreement & type of ACA d) Dominant position Factors determining dominant position e) Combination & its regulation (section 6) f) Factors to decide whether combination would have appreciable adverse effect. g) Procedure for investigation of combination h) Duties and power of director general. i) Functions and composition of CCI j) Division of undertaking by CCI k) Appellate Tribunal l) Penalties under competition Act. m) Short note on competition advocacy and competition fund. n) Why competition is essential in market comment. o) Duties of director general

Chapter 13 COPRA 2019 Previous Year – 4 Marks Already asked Medical negligence case. Anticipation – 4 – 8 marks Type – Direct case Important a) Consumer with cases. b) Unfair trade practice. c) Consumer protection council. d) Central consumer protection authority (central authority) & its power & functions. e) Vexatious search. f) Consumer disputes redressal commission-complete. g) Product liability and Exceptions to it.

Chapter 14 ESSENTIAL COMMODITIES ACT 1955 Previous Year – 0 Marks Already asked What are the objective of FTP Anticipation – 0-4 marks Type – Direct Important a) Essential commodities under the Act b) Whether ‘Tea’ is food stuff, discuss with case law. c) Fixing the price of essential commodity: i. Emergency ii. When sold to government iii. Fix price for square iv. Confiscation of essential commodities.

Chapter 15 Legal Metrology 2009 Previous Year – 3 Marks Already asked Declaration of pre packed commodity. Anticipation – 3-4 marks Type – Direct Important a) International organization of legal metrology b) Power of inspection & seizure c) Offence & penalties.

Chapter 16 TOPA 1882 Previous Year – 6 Marks Already asked English mortgage & mortgage by conditional sale. Charge & mortgage. Anticipation – 6-8marks Type – Direct Practical Important a) Vested & contingent interest. b) Properties which can be transferred c) Restrain on alienation/restrain on enjoyment/condition as insolvency/ illegal condition. d) Transfer for benefit of unborn child. e) Rule against perpetuity f) Condition precedent/condition subsequent. g) Doctrines of transfer of property. h) Mortgages -distinguish between mortgage by conditional sale V/S English mortgage i) Doctrine on clog of equity. j) Charge V/S mortgage.

Chapter 17 REAL ESTATE (R&D) ACT 2016 Previous Year – 6 Marks Already asked Object & reasons of RERA. Power of tribunal under RERA. Anticipation – 4-6marks Type – Direct Important a) Exempted projects from registration. b) Registration of real estate agent. c) Functions & duties of promoter d) Establishment of Appellate tribunal & its power. e) Qualification of chairperson & members. Chapter 18 BENAMI TRANSCATION PROHIBITION ACT,1998 Previous Year – 0 Marks Already asked Anticipation – 3- 6marks Type – Direct Important a) Silent features of benami transaction (prohibition) Act 1988. b) Explain benami transaction. c) Notice & attachment sec 24. d) Adjudication of benami property sec 26. e) Confiscation & vesting of benami property.

Chapter 19 PREVENTION OF MONEY LAUNDERING ACT 2002 Previous Year – 3 Marks Already asked Punishment of money laundering. Anticipation – 3marks Type – Descriptive Important a) Money laundering & its process. b) Adjudication. c) Obligation of banks,FI & intermediaries.

Chapter 20 INDIAN CONTRACT ACT 1872 Previous Year – 11 Marks Already asked Failure to perform promise of gift. gift. Anticipation – 5 marks Type – situation based question Important a) Guarantee /indemnity. b) Gift. c) Carvil V/S carbolic smoke ball company. d) Remedy against minor who obtained goods by fraud. e) Contract by post. f) When consideration is not necessary. g) Types of arrangements void as against public policy. h) Quantum merit.

Chapter 21 SPECIFIC RELIEF ACT 1963 Previous Year – 3 Marks Already asked Specific performance cannot be enforced. Anticipation – 3-4marks Type – Direct Important a) Contracts which cannot be specifically enforced. b) Specific performance of part of contract. c) Substituted performance of contract. d) Types of injunctions e) When injunction may be refused. f) Declaratory decree

Chapter 22 SOGA, 1930 Previous Year – 3 Marks Already asked Condition & warranty. Anticipation – 3-4marks Type – Direct/distinguish Important – a) Unpaid seller & its rights. b) Sale V/S agreement to Sell. c) Sale V/S Hire Purchase Agreement. d) Implied conditions (any 5) e) Caveat Emptor & its Exception. f) Transfer of ownership of goods send on Approval basis. g) Exception to the rule of Sale by owners only. h) Right of lien V/S Right of stoppage in Transit. Chapter 23 PAETNERSHIP ACT Previous Year – 4 Marks Already asked Test of void partnership. Anticipation – 0-4marks Type – Direct Important a) Effect for Non registration b) Partner by estoppel or holding out. c) Minor & his rights in partnership. d) Implied Authority (Acts within & outside implied authority)

Chapter 24 NEGOTIABLE INSTRUMENT ACT, 1881 Previous Year – 7 Marks Already asked Position of holder who has obtained possession of forged instrument. Anticipation – 0-4marks Type –Situation base Important a) Inland & foreign instrument b) Ambiguous instrument & accommodation bill. c) Distinguish between cheque & BOE. d) Maturity of cheque. e) Negotiability V/S Assignability f) Types of Endorsement g) Acceptance for honour h) Presentment for payment when excused. i) Noting & Protest.

Credit - Adv. Chirag Chotrani (Yes Academy)

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