CA InterApril 18, 2026 • Dev Sandeep Shah
CA Inter Corporate & Other Laws: Companies Act Penalties & Sections Cheat Sheet
Business Law is often where students lose marks due to vague drafting. ICAI looks for the precise three-tier structure: Provision of the Law -> Analysis of Facts -> Conclusive Advice.
Essential Sections Every Aspirant Must Memorize ⚖️
Section 42:
Private Placement — Allotment within 60 days, separate bank account, maximum 200 persons per financial year.
Section 62(1)(a):
Rights Issue of Shares — Notice period minimum 15 to 30 days, right of renunciation unless AoA provides otherwise.
Section 73 to 76:
Acceptance of Deposits — Deposit repayment reserve account (minimum 20%), deposit insurance, and credit rating requirements.
Section 135:
Corporate Social Responsibility (CSR) — 2% of average net profits of preceding 3 financial years, CSR Committee threshold.
