Organisation climate and structure and ethics

Addressing ethical dilemmas

Code of ethics; ethics committee, ethics training, integrity pact

Evolution of Corporate Governance

Developments in India

Elements of Good Corporate Governance

Challenges of exercising shareholders rights

Corporate governance and Related Party Transactions

Role of Investor Association in securing shareholders rights

Role of institutional investors in Corporate Governance.

Global Corporate Governance forum

Listing agreements

SEBI Guidelines

Companies Act

Organisation climate and structure and ethics

Addressing ethical dilemmas

Code of ethics; ethics committee, ethics training, integrity pact

Evolution of Corporate Governance

Developments in India

Elements of Good Corporate Governance

Challenges of exercising shareholders rights

Corporate governance and Related Party Transactions

Role of Investor Association in securing shareholders rights

Role of institutional investors in Corporate Governance.

Global Corporate Governance forum

Listing agreements

SEBI Guidelines

Companies Act

(B)       Introduction to Research Analyst Profession: Role of research analyst, Responsibilities of research analyst, Basic principles of interaction with Clients/ Companies, Qualities of Research Analyst.

(B)       Economy Analysis: Principles of macro and micro economics, key economic variables for carrying fundamental analysis, sources of information/data for carrying economic analysis

(C)        Industry Analysis: Theories for analysis for industry performance – Michael Porter’s Five Force Model for Industry Analysis, PESTLE Analysis, BCG Analysis, SCP Analysis. Key industry drivers and sources of information for industry analysis

(B)       Quantitative Dimensions: History of Business V/s Future of Business, Reading of financial statements, Peer comparison, dividend and earning history of the company and Role of corporate actions of the company.

Value, Distinction between Price and Value

Foundation of Business Valuation

Purpose of business valuation

Valuation Bias

Uncertainties in Business Valuation

Role of valuation in business acquisition, legal and tax purposes, efficient market hypothesis

Discounted cash flow valuation

Relative valuation

Free Cash Flow valuation

Simple practical problems

Valuation of Shares: Basics of Company analysis and stock selection.

·           Company Law / Legal Provisions for redemption

·           Sources of redemption including divisible profits and proceeds of fresh issue of shares Premium on redemption from security premium and profits of company

·           Capital Redemption Reserve Account – creation and use

Redemption of Debentures (Including purchase or buy back of own debentures):

·           By payment from sources including out of capital and/ or out of profits

·           Debenture redemption reserve and debenture redemption sinking fund excluding insurance policy

·           By conversion into new class of shares or debentures with options including at par, premium and discount

·           Purchase / buy back of own debentures for immediate cancellation or holding including ex and cum interest for purchase / sale price (excluding brokerage thereon)

Preparation of separate, combined and columnar profit and loss a/c including different basis of allocation of expenses / incomes

Computation and meaning of purchase consideration

Problems based on purchase method of accounting only

Distinction between internal and external reconstructions

Methods including alteration of share capital, variation of shareholder rights, sub division, consolidation, surrender and reissue/cancellation, reduction of share capital, with relevant legal provisions and accounting treatments for same

Assessee, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

Determination of Residential Status of Individual, Scope of Total Income (S.5)

Income from House Property (S. 22-27)

Profit and Gain from Business and Profession (S. 28, 30,31,32, 35, 35D,36,37, 40, 40A and 43B)

Income from other sources (S.56- 59)

Exclusions from Total Income (S.10)

(Exclusions related to specified heads to  be covered with relevant heads of income)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA

Section 2: Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer

Basis of Charge:

Section 3 to 9: Previous Year, Residential Status, Scope Of Total Income, Deemed

Income

Exclusions from Total Income:

Section 10: restricted to, Agricultural Income, Sums Received From HUF By Member, Share of Profit from Firm, Casual & Non – Recurring Receipts, Scholarships, Income of Minor Child, Allowance to Members of Parliament and Legislative Assembly.

Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.

Salary Income:

Section 15 to 17, Including Section 10 relating to

House Rent Allowance, Travel Concession, Special Allowance, Gratuity, Pension –

Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund

Income From House Property:

Section 22 to 27, Including Section 2 – Annual Value

Profits & Gains From Business & Profession:

Vocation Section 28 to 32, 36, 37, 40, 40A, 43B, 44AD, 44ADA & 44AE

including.: Section 2: Business

Capital Gains:

Section 45, 48, 49, 50, 54 and 55

Income from Other Sources:

Section 56 – 59

80 C: Payment of LIC/PF and other eligible investments

80CCC: Contribution to certain Pension Fund

80D: Medical Insurance Premium

80DD: Maintenance and medical treatment of handicapped dependent

80E: Interest on Educational Loan

80TTA: Interest on Saving Bank account

80U: Deduction in the case of totally blind or physically handicapped or mentally retarded resident person

Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

(B)    Determination of Residential Status of Individual, Scope of Total Income (S. 5)

(B)    Income from House Property (S. 22-27)

(C)    Profit & Gain from Business and Profession (S. 28, 30,31,32, 35, 35D, 36, 37, 40, 40A and 43B)

(B)    Income from other sources (S.56- 59)

(C)    Exclusions from Total Income (S.10)

(Exclusions related to specified heads to  be covered with relevant heads of income)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA.

(B)    Computation of Taxable Income of Individuals.

Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

Determination of Residential Status of Individual, Scope of Total Income (Sec 5)

Exclusions from total income Sec 10

(Exclusions relating to specific heads to be covered with relevant heads of income)

Income from House Property: (Sec. 22-27)

Profit and Gain from Business and Profession: (Sec. 28, 30,31,32, 35, 35D, 36,37, 40, 40A and 43B)

Capital Gain: (Sec. 45, 48, 49, 50 and 54)

Income from other sources: (Sec. 56- 59)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA

Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

(D)    Determination of Residential Status of Individual, Scope of Total Income (S. 5)

(E)     Income from House Property (S. 22-27)

(F)     Profit & Gain from Business and Profession (S. 28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A and 43B)

(E)     Income from other sources (S. 56- 59)

(F)     Exclusions from Total Income (S. 10)

(Exclusions related to specified heads to  be covered with relevant heads of income)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA.

(D)    Computation of Taxable Income.

Section 2 –Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer

Basis of Charge:

Section 3- 9 -Previous Year, Residential Status, Scope Of Total Income, Deemed Income

Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.

Section 15 – 17, Including Section 10 relating to

House Rent Allowance, Travel Concession, Special Allowance, Pension – Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund

Income From House Property

Section 22 – 27, Including Section 2 – Annual Value

Profits & Gains From  Business & Profession

Vocation Section 28-32, 36, 37, 40, 40A & 43B.

including.: Section 2 – Business

Capital Gains 

Section 45, 48, 49, 50, 54 and 55

Income from Other Sources

Section 56 – 59

80 C – Payment of LIC/PF and other eligible investments

80CCC – Contribution to certain Pension Fund

80D – Medical Insurance Premium

80 DD- Maintenance and medical treatment of handicapped dependent

80E – Interest on Educational Loan

80 TTA- Interest on Saving Bank account

80U –  Deduction in the case of totally blind or physically handicapped or mentally retarded resident person

Capital Assets, Income, Person, Previous Year, Transfer

Residential Status (S: 6) for Individual assessee

¨          Income from House Properties (S: 22 to 27)

¨          Profit and Gain From Business (S:28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A 43B.

¨          Capital Gains (S: 45, 48, 49, 50, 54, 54 EC) restricted to computation of Capital gain on transfer of residential house property only

¨          Income from Other Sources (S: 56 to S: 59)

Exclusions From Total Income (S: 10)

Exclusion related to specified heads to be covered with relevant head.eg. Salary, Business Income, Capital Gain, Income from Other Sources