EXPOSURE DRAFT ON PROPOSED NEW SYLLABUS FOR ...

13. Transfer Pricing
• Concepts, Meaning of International Transactions
• Computation of Arm’s Length Price & Methods
• Documentation and Procedural Aspects
14. Taxation of Inbound & Outbound Transactions
• Taxation of Passive Investments; Capital Gains and Losses
• Taxation of Income, Property, Branch Profit, Foreign Income Exclusions
• Foreign Tax Credit (Deemed Paid System vs. Current Pooling System)
• Controlled Foreign Corporations; Passive Foreign Investment Companies;
Cross Border Merger, Acquisitions and Transfers
PAPER 4: SECRETARIAL AUDIT, COMPLIANCE MANAGEMENT AND DUE
DILIGENCE
Level of Knowledge: Expert Knowledge
Objective:
(i) To acquire thorough understanding of secretarial audit and Corporate
Compliance Management.
(ii) To acquire understanding of the due diligence of various business
transactions.
Contents:
Part A: Secretarial Audit (25 Marks)
1. Secretarial Standards
• Concept, Scope and Advantages
• Secretarial Standards issued by the ICSI
• Compliance of Secretarial Standards for Good Governance
• Relevance of Guidance Note(s)
2. Secretarial Audit
• Need, Objective and Scope
• Periodicity and Format for Secretarial Audit Report
• Benefits of Secretarial Audit
• Professional Responsibilities and Penalties
3. Checklist for Secretarial Audit
Part B: Due Diligence and Compliance Management (75 Marks)
4. Due Diligence – An Overview
• Introduction, Nature, Need and its Significance
• Objectives, Scope and Types of Due Diligence
• Process of Due Diligence
• Concept of Data Room in Due Diligence
• Due Diligence vs. Audit
5. Issue of Securities
• Introduction and Regulatory Framework
• Pre and Post Issue Due Diligence – IPO/FPO
• Due Diligence – Preferential Issues of Listed and Unlisted Companies
• Employee Stock Option, Bonus Issue, Rights Issue, Debt Issues
• Issue of Securities by SMEs
• Role of Company Secretary in Issue of Securities