CA Foundation Business Law Classes
Online/Offline for June, September 2024, & January 2025
The CA Foundation Business Law paper aims to provide aspiring Chartered Accountants with a basic understanding of various legal frameworks governing business transactions in India and assesses their ability to apply these principles to practical scenarios commonly encountered in business and commerce.
Understanding business law is essential as it forms the basis for dealing with legal aspects of financial transactions and business operations.
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Modes of CA Foundation Business Law Classes
| Face to Face Classes | Online/Live at home/center | Google Drive/Pendrive Classes |
|---|---|---|
| IGP Centres- Janakpuri, Rohini, Laxmi Nagar | Enquire Now | Buy Now |
CA Foundation Business Law Toppers
Om
84/100
Dec 2023
Tanya Garg
79/100
Dec 2023
Tanisha Garg
72/100
Dec 2023
Free CA Foundation Law Lectures 2024 | Demo
We provide detailed explanation of the subject matter and cover all the essential information that a student needs about CA Foundation Classes, have a look!
ICAI New Scheme: CA Foundation Law Syllabus & Section Wise-Weightage
CA Foundation Law Syllabus 2024 Examination
| Chapter | Unit |
|---|---|
| Chapter 1: Indian Regulatory Framework | |
| Chapter 2: The Indian Contract Act, 1872 |
|
| Chapter 3: The Sale of Goods Act, 1930 |
|
| Chapter 4: The Indian Partnership Act, 1932 |
|
| Chapter 5: The Limited Liability Partnership Act, 2008 | |
| Chapter 6: The Companies Act, 2013 | |
| Chapter 7: The Negotiable Instruments Act, 1881 | |
| Download Now from ICAI | Download in Hindi |
- Candidates have to get a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate in all papers to pass the CA Foundation exam.
CA Foundation Business Law Section-Wise Weightage
| Chapter | Weightage |
|---|---|
| Chapter 1: Indian Regulatory Framework Major Regulatory Bodies such as Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice etc. |
0%-5% |
| Chapter 2:The Indian Contract Act, 1872 General nature of contract, Consideration, Other essential elements of a valid contract, Performance of contract, Breach of contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency. |
20%-30% |
| Chapter 3: The Sale of Goods Act, 1930 Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and Delivery of goods, Unpaid seller and his rights. |
15%-20% |
| Chapter 4: The Indian Partnership Act, 1932 General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm. |
15%-20% |
| Chapter 5: The Limited Liability Partnership Act, 2008 Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organizations. |
05%-10% |
| Chapter 6: The Companies Act, 2013 Essential features of company, Corporate veil theory, Classes of companies, Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management. |
15%-20% |
| Chapter 7: The Negotiable Instruments Act, 1881 Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation. |
10%-15% |
Tips to Prepare for CA Foundation Business Law Exam
- Know Your Syllabus: First you need to understand the complete syllabus so that you can prepare your study plan accordingly.
- Join the Best CA Classes: Business law is the new subject for all students and to conquer this subject you need to join the best classes i.e. IGP Classes.
- Revise Daily and Prepare Notes: Revise all your study daily, and make proper notes in the guidance of your mentor or faculty. This will help you in summarizing the whole syllabus. Also it will help you to revise topics during the examinations.
- Case Studies: Law subject is based on the case studies and to score in the subject you need to read all case studies carefully and revise them also for better understanding of business law.
- Updates and News: ICAI is the regulatory authority of CA in India and releases multiple updates for all levels of CA course including CA Foundation, so you need to stay updated for the complete course.
- Time Management: There are 3 more subjects in CA Foundation i.e. Accounting, Quantitative Aptitude, and Business Economics. You have to manage your time accordingly to complete the course.
CA Foundation Exam Pattern for 2024 Exams
CA Foundation course is divided into 4 subjects-
Accounting, Business laws, Quantitative Aptitude and Business Economics.
Each paper will carry 100 marks.
"Accounting" and "Business laws" exams have subjective-type questions with no negative marking and duration of 3 hours whereas "Quantitative Aptitude" and "Business Economics" exams have objective-type questions with -0.25 negative marking for every wrong answer and duration of 2 hours.
Candidates have to get a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate in all papers to pass the CA Foundation exam.
| Paper | Marks | Type of Question |
|---|---|---|
| 1: Accounting | 100 Marks | Subjective |
| 2: Business Laws | 100 Marks | Subjective |
| 3: Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics |
100 Marks Part A: 40 Marks Part B: 20 Marks Part C: 40 Marks |
Objective |
| 4: Business Economics | 100 Marks | Objective |
Frequently Asked Questions
Ques 1. Is Business Law difficult in CA Foundation?
Not at all, if you choose the quality education classes then you can easily succeed in your exams. IGP Institute is providing the India’s best faculty for CA Foundation classes including Business Law subject. All classes are available in online, offline, pendrive mode.
Ques 2. Should I join all CA Foundation classes or just go for Law classes?
CA is one of those courses where you need a proper guidance to pass it. So, it is suggested that go with the complete CA Foundation classes instead of for a single subject or law classes.
Ques 3. Can I do business law in 2 months from exams?
Yes, for this you need a complete guidance of expert faculties. At IGP Classes you will get complete assistance form the first day of admission to the exam date to pass your exams. Our faculty team help you to complete your course in lesser time with effective learning. Through pendrive or Google Drive classes you can start and then join the revision classes.
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