Prof New Syllabus Module 3: How to prepare/ present: Suggestions by successful students

Suggestions by recently passed out students on how to prepare Module 3 of CS professional New syllabus..

Simran Ajmeer

I will share a few points of how I prepared for group 3. 

First of all we have to cover the module and then go for reference books. I did self study and youtube classes played an important role. I focused more on corporate funding since the open book papers are unpredictable. 

Corporate funding: 

Most of the chapters are familiar to us as we have been learning these regulations for quite a while. Once you go through the book you will get to know the important chapters and the past year question papers will help you with that. Commercial paper and bank guarantee is as important as ICDR and LODR. There will be one documentation question for sure. There are no numerical questions in our module but numerical questions are often asked. You can surf youtube for that. They have posted videos of all possible numericals that can be asked from this book. 

MDCS: 

I made an index type thing which has the page number from module and the outcome of the case in one sentence. So it was easy for me to find out. Last attempt ICSI released new cases and they removed almost all cases from the module. But unfortunately for the exam most questions were out of syllabus and were from the removed syllabus. So it is very unpredictable and i will advise to be prepared with all the study materials. 

Elective (IPR)

As far as I know most of the questions were direct. 

The first question was for 40 marks (10 each) and was not related to the module. We just have to read the paragraph they gave and to answer accordingly. I think that is a great opportunity for us to score as it depends on our writing skills. The other questions were mostly direct and note that all questions were different case laws. 

It is always adviced to go through past year question papers to get a clear idea and concentrating on a subject more in a group can save you from not making it because of aggregate marks.

SREELAKSHMI

Corporate funding: 

It is best to have good clarity on the topics primarily SEBI(ICDR)Reg. and SEBI(LODR)Reg. Also practice the past year practical questions because they come for around 10 marks.

MDCS: 

The case laws were direct and you can answer them if you are familiar with the text. But in the last two attempts they asked  questions outside the module that too, for high marks. In my attempt

(Dec 2020) they asked for 40 marks from Competition Act and none of us had even brought any book about Competition Act. So I think it will be a good idea to bring some additional books like bare act of Companies Act,2013 and modules of Executive.

ELECTIVE: 

My elective was insolvency and I personally felt that it was very scoring. Try to get clarity about the concepts and not waste time on topics like Powers and functions of IBBI. If such questions come in the exam, you can just take the answers directly from the books you have brought.

AKSHAYA

Corporate funding 

I would suggest start revising debt fund based/ non- fund based first, then equity non fund, all other chapters of part A, LODR, then ICDR completely at last.

While preparing read completely and learn the provisions of ICDR and LODR.

MDCS: 

Read the module, make summary as one want to present on the paper, make an index of all the cases chapter wise with its heading.

Carry module, summary, index, deleted cases, articles on some general topics (RPTs, Independent Director, Corporate Governance, etc) one may get it through ICSI news letters, SACMDD module, Governance module to ur exam.

ELECTIVE: 

My elective was banking and I chose this subject so that I have a subject with some practical questions, to make it easier to study simultaneously with a theory subject. 

Any subject can be taken. No subject is easy or difficult.

Ayesha

I have cleared module 3 in June 2021 attempt. As everyone would always give sufficient time to prepare to attend their exams. But all I had is solidly 20 to 22 days to prepare all these 3 papers due to personal reasons. So I started with CFL first.

I was completely blank about the paper as I did'nt start my training yet, I hve not taken any classes and I don't know hindi so youtube videos too didn't help me out. So I was only doing self study , it took me all these days to prepare only for CFL and my first exam was quite good.

But the remaining two papers, trust me, I touched my book only the days before my exam as we had 3 days gap to prepare.

I don't mean that the day before the exams are enough to prepare mdcs and elective paper.

I just mentioned it here just to motivate the people who thinks that few days of time will not be sufficient to prepare a module and procastinates the attempt.

CFL

As everyone say ICSI material is important, yes it is but i found it bit difficult to learn from institute material so I didn't use it much.

I used yes academy chirag chotrani sir's book   for funding and shubhamm sukhlecha sir's free notes for listing.

Started with Part B first only 4 chapters for 40 marks.

Concentrate more on Lodr Part.

Always have your own handwritten notes for  chapters which you find difficult. Even it takes time to write it is worth every minute spent on it .Prepare notes in your own understandable language but do not change the meaning of the provision.

Even if u write the exact words from book have it in your own handwriting and  language so that it will be easy for you to learn and revise.

And then coming to part A

I Concentrated more on chapter 4,5,6,7,8,10,11,12 and finally 1 and 9(from revision notes) and chapter  2 and 3 just have gone through the gist of it.

This helped me to clear the subject.

MDCS

Used shubhamm sir's ((inspire academy) book. His Saarthi (index book) And yoddha ( Content book) helped a lot. ICSI MATERIAL (refer the case study that is given at last and inbetween because questions were asked from that)

And for reference have taken company law book, securities law book ( executive),  IBC book ( CRILWU),  Ebcl book ( executive) for competition act and economic law), JIGL book ( executive) for interpretation of law.

You have to carry some weight but it is only for refernce purpose as we don't know from which part we will be getting the first 40 marks.

Elective paper IBC.

Used Shubhamm Sukhlecha sir's book alone+ ICSI mat

For index part also same Shubhamm sir book.

Have prepared a separate index for case laws alone.

Time was not even sufficient as it took time to search each and every answer and write so manage your time accordingly.

Sakthivel

For CFLS I would suggest to complete study of all the chapters,don't leave any chapters coz no one knw which chapter they will ask more questions . It will be difficult to remember all the regulations under LODR Chapter but no other go we have to find a way to remember. Probably LODR Chapter will be little difficult and have to concentrate more on that.

I have choosen IBC as my elective subject the reason behind that is in paper 5 we have to study IBC so it will be easy if u choose IBC as your elective.

Buy IBC commercial  bare act with regulations ,it will help you a lot in the exam hall.

Just have a reading through all the case laws in the CS study material as they are asking more questions from those case laws only.

Regarding the 40 mark question in MCS, Refer previous year question papers and get an idea how  they are asking the questions.

Prepare ur own index in a way so that u could able to find the cases from the MCS book quickly.

Time management is the key in respect open book exams.  You have to find the cases from the book and have to write quickly

Kousalya

Module 3 is the scoring of all the three module ..ofcourse we have two open books..but that doesn't mean that we can prepare only funding paper...u should equally spend time for the open books as well. Only then exams would be easy..

Funding: The most dryest part. Try to learn all the chapters...its totally normal that many topics would be new in this paper. I totally recommend to study this part only in good mood...or else, u will not even like this paper....leave two or such topics which are really hard. But dont do that too much..make short notes wherever u could. Prepare consistently ...qns would be easy and u will really do well..

Books: Ankush Bansal, Yes academy

MCS: Read every case law from top to bottom, be clear with what the case is. Most of the cases would be under same issue. But there will be some uniqueness as to each case..catch them perfectly and note it down..read every caselaw and underline or highlight the key words..every case should be remembered in such a way that ...during last day before exam..if u look into the keyword, u should able to recollect the whole case..

Make index of ur own ...this is very important...only if we prepare our own notes, we can know how much we are into this subject...index only will help u in exams...prepare index in such a way that ur index should contain the name of the case, case number, key points and the page number of the books in which u r refering to...During exams, u can connect he qn asked only with the help of index. Go through the previous qn papers with the index which u have prepared, this will help to understand how much u can connect with..

In exam, please dont attempt for the first 40marks in the beginning...those 40marks arent in ur control...but u should have atleast 40mins alloted in ur exam for that 1st qn.balance accordingly...since its open book dont try to right the entire thing from top to bottom, time wont help u in that case.

Books to carry: ur own index, yes academy book. subham sulekha book, icsi material and ur executive company law book

Elective: mine was insolvency ...even for this paper, read the whole book and underline, highlight wherever necessary...ur icsi material is very much sufficient for this paper....same like mcs, go through past exam qn papers and try to figure out the ans with ur icsi index.

I did not prepare index separately for this paper...just icsi book was sufficient...attempt the 1st qn in the last...allot 40mins for that. ..

Books to carry: ICSi material, ur MCS index and ur MCS reference book(say subham sir book or yes academy book).

Revision tip

Everytime I finish learning a chapter, I will have a voice note of the chapter in my own language like every part of the chapter i ll make a voice note.

And the small chapters will be around 20 to 30 Minutes of voice note and big chapters will be around 45 minutes to 1 hour.

So as everyone would have faced it once you complete learning and open your book for revising you would find it as a new chapter as if you have not learnt it before.

So this voice note will help u definitely to recall it.

And the total hours of voice note per paper will be around 8 to 9 hours.

I will keep it at 1.5x speed before the day of exam so that you can revise quick and recall every part.

Anjana

For open book examination please be ready with index. And for listing be strong in part-B and Icdr.. Go through all the previous year questions for the remaining chapters.

Surabhi Ranka

For module 3, all the 3 papers are interesting. Firstly, funding and listing is in 2 parts.. 60 and 40.. I would suggest to first complete the part 2 completely.. try not to omit any chapter or topic.. make sure that u r confident for all the 40.. then start with part 1... Do not forget to go through the amendments and the previous years question papers.. right from start have track on the time and set the time limit within which u shd be able to complete the questions to help in attending all the questions.. 

For MCS, make sure that all the cases are atleast twice read... At first reading, understanding the case.. upon second reading prepare your own index which should help you in searching the particular case law in the exam... Time management is most important here .. how I had planned was- prepared my own index.. upon receiving the question paper, about 30 min I took in marking the case law to which the question relates to.. do not forget the intro and conclusion part.. open book is not just copy paste of material... It requires application of your understanding.. 

My elective subject was banking.. one cannot be sure wat will be asked and from where... So do not read it as jus an open book... Study it as any paper ... That will help you understand the question being asked and help in quickly referring to the respective chapter from where you can complete the answer... It is surely a scoring paper ... But pl.. do not take it lightly as being a open book .

Related Posts:

Prof -New syllabus Module 1: How to prepare/present- Suggestions by passed out students

Prof New Syllabus Module 2: How to prepare/ present: Suggestions by successful students