CS Executive Entrance Test (CSEET)

January 21, 2020

Proposed ICSI Curriculum

Vision New ICSI 2022

The Council of the ICSI approved the Vision New ICSI 2022 and it was released on the day of inauguration of ICSI Golden Jubilee Celebrations on 4th Oct, 2017.

With a view to create a New ICSI by 2022, we need to develop a cadre of competent Company Secretaries through quality curriculum including robust training structure.

Accordingly, the Institute is now in the process of implementation of the Vision New ICSI 2022 to achieve its goals.

To achieve the above, the Vision New ICSI 2022 envisages:-

➢ Constitution of an Academic Board;
➢ Introduction of CS Executive Entrance Test (CSEET);
➢ Revamped teaching methodology through Class Room Education, Elearning and Postal Education;
➢ On-line Pre-examination Test;
➢ Revised Format of Examination and Evaluation;
➢ New Training Structure comprising of Executive Development, Practical Training and Management Skill Orientation Programme including Research / Project Report and Viva
➢ New Syllabus with focus on Core, Ancillary and Hybrid areas of the CS Profession;
➢ Certification and PMQ Courses with wider choice for the members

The details of the above have been covered in this document for seeking valuable views / suggestions from the Members / Students/Other Stakeholders for implementing the Vision New ICSI 2022 effectively.

Constitution of Academic Board
An Academic Board comprising eminent Academicians, Professionals, Corporate leaders, Regulators and other experts may be constituted by the Council of the ICSI. The Board will be entrusted with the task of planning and implementation of all academic activities related to the students including:- -

• Scanning of the economic and regulatory environment;
• Designing the syllabus and its contents and periodical review and revision thereof;
• Designing the mode of education;
• Assessing and finalization the training requirements;
• Designing the mode of examination and evaluation system;
• All other related academic matters for taking a holistic view.

CS Executive Entrance Test (CSEET)

To ensure that the students have the requisite level of aptitude and skills to pursue the CS course and become successful professionals to meet the stakeholders’ expectations, CSEET may be introduced, in place of Foundation Course, for admission to the Executive Programme of the Company Secretary Course.

Eligibility for appearance in CSEET

Candidates who have passed Senior Secondary (10+2) examination or equivalent thereto of a Board / University constituted by law in India or any other higher examination recognized by the Central / State Government shall be eligible to appear in CSEET.

Syllabus for CSEET
CSEET would comprise of the following subjects:
1. Business Communication;
2. Legal Aptitude & logical Reasoning;
3. Economic and Business Environment;
4. General Knowledge and Current Affairs;

Mode of the CSEET

CSEET will be Multiple Choice Questions (MCQ) based On-line Test to be conducted through designated Test Centers across the country. The Test will be open throughout the year and the students can register at any time for the test on pre-selected date and time by paying prescribed fee. The fee, once paid would be for one attempt and non-refundable. However, a student can change test date one time two days before the examination, without payment of any additional fee, if he is unable to take the Test on the selected date and time due to any reason. The result of the Test will be known to the student immediately after completion of the Test.

Qualifying Criteria
CSEET will be a qualifying test of 200 marks, i.e., 50 marks for each subject. An aggregate of 50 % and minimum 40% marks in each subject will be the qualifying criteria.

There will be negative marks for each wrong answer and liable for deduction of 25% of the marks allotted to the respective questions.

Validity of CSEET

Result Qualifying marks will be valid for one year from the date of CSEET for taking admission to the Executive Programme.

Exemption from CSEET

The following qualifications will be recognized for exemption from CSEET and the candidates possessing these qualifications will be eligible for direct admission to the Executive Programme:

i) Final Examination (by whatever name called) of the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India;
ii) Five Year Full Time Integrated Course of Law;
iii)MBA from IIM, FMS and other Institutes as may be decided by the Council;

Examinations Equivalent to CSEET

The following examinations will be considered equivalent to the CSEET and candidates having such minimum score / rank as may be decided by the Council will be eligible for admission to the Executive Programme:
i) GMAT;
ii) CLAT;
iii) LSAT;
iv) JEE (Main);
v) NEET;
vi) GRE;
vii) Preliminary Examination for Civil Services conducted by the UPSE.

The validity of the above results will be one year for the purpose of taking admission to the Executive Programme.

Teaching Methodology for Executive and Professional Courses

The ICSI would impart education through the following modes:
• Class Room Education
• Digital/E-LEARNING
• Postal Education

Online Pre-Examination Test
Online Pre-examination Test for each subject be introduced and made mandatory to be cleared by the students before enrolment for appearing in Executive or Professional Programme examination. The features of the test may be as follows:-

• test may be conducted online on ‘anywhere anytime’ basis;
• test may be of Multiple Choice Questions (MCQ)with negative marking;
• result of the test would be available immediately on completion of the test;
• result of the test would be linked with the enrolment process for examination;

The purpose of the test shall be to enable the students to assess their preparedness for the main examinations. This would improve the pass percentage and simultaneously reduce the number of drop outs.

Revised Format of Examination and Evaluation

The objective of the examination and evaluation shall be to test the required level of knowledge and skills of the examinees. To achieve this objective, the examination and evaluation system would ensure:-

• quality of the question papers in terms of coverage and desired level of knowledge;
• proper combination of theory with practice, analytics, case-laws, case studies and problem solving approach questions;
• effective and efficient evaluation system for assessing the performance of the examinees.

New Training Structure
Total duration of training shall be 24 months comprising of –
• Executive Development Programme (EDP) for three months;
• Practical Training of Eighteen Months; and
• Management Skill Orientation Programme (MSOP) for three months.

The details of the training structure is as follows:-

a) Executive Development Programme (EDP) – Three months’ training programme (preferably residential) will be conducted after clearing the Executive Programme and before the commencement of the Practical Training. Initially the duration of the EDP may be forty-five days which may be increased to three months. The objective of this programme is to prepare the Executive Programme cleared students for practical training in Trade and Industry / under Practising Company Secretary by developing their soft skills and IT skills.

b) Practical Training with Trade and Industry or Practising Company Secretary – Eighteen months’ on the job Practical Training would be conducted after passing of the Executive Programme and completion of EDP. A student should have completed at least twelve months practical training before appearing for the Professional Programme examination.

c) Management Skills Orientation Programme (MSOP) -Three months’ fully residential in-house training programme will be conducted after passing the Professional Programme, and completion of the practical training of eighteen months. The objective of the MSOP is to develop the communication, legal, managerial and presentation skills to assist the students to meet the needs and requirements of trade and industry, regulators and society at large.

d) Project / Research Report and Viva – As a part of MSOP, each student will be required to prepare and submit a research paper / project report and appear for a Viva-voce thereon. The students shall be required to qualify in Viva-voce and the project report / research paper.

The focus of the EDP and MSOP will be learning through practical problems, case studies, team activities, role plays, management games, problem solving, experience sharing, moot courts, mock board meetings and AGMs, Industry visits, visit to ROC, NCLT, NCLAT, SEBI, CCI and other Regulators related to the Core, Ancillary and Hybrid subjects, and the requisite skills.

New Syllabus

➢ Guiding Principles and factors in formulation of Syllabus

i. Creation of brand for the Company Secretary Profession;

ii. The focus of syllabus should be on the development of competencies in the core areas of work of Company Secretaries;

iii. The Syllabus should develop necessary knowledge and skills required for performance of multifaceted role by a Company Secretary;

iv. Curriculum must facilitate gainful employability/ better prospects for practice for fresh members;

v. The education delivery system must provide an opportunity for up-dation and up-gradation of knowledge and skills.

➢ Subject Coverage

Keeping in view critical dimensions, the subject coverage of CS Course Curriculum be divided into the following:

➢ Core Areas – Core areas means areas in which each member of ICSI should possess expertise. Core areas include Company Law; Securities Law; Insolvency and Bankruptcy Code; FEMA and GST.
➢ Ancillary to Core – Ancillary to Core means areas in which expertise is not required to be possessed by each member; however working knowledge to support core areas is required for proper understanding and application of core areas. Ancillary to Core includes Accounts; Tax; General Law; Business Law; other Economic Laws.
➢ Hybrid – Means specialized areas of expertise which require integrated application of several core/ ancillary areas. Hybrid includes Corporate Dispute; Insolvency; Corporate Funding; Corporate Restructuring; Secretarial Audit; Setting up of Business.

Papers under CS Executive Entrance Test
CS Executive Entrance Test (EET)

Paper 1
Business Communication

Objectives: To develop to a fair degree of proficiency in language skills, communication skills, vocabulary. Grammar etc. to enable student read, understand, interpret and communicate in most efficient manner.

Detailed Contents:

1. Antonyms, Synonyms & Analogies

2. Comprehension of passages: - Assessment of Central Idea; Tone of the Author; Explicit Questions; Implicit Questions; Structure / Strategy adopted by the Author and meanings of words in Reading Comprehension Passage.

3. Grammar: English Grammar includingPronouns;Conjunctions; Prepositions; Syntax; Verbs; Adjectives; Adverb; Tenses; Punctuations; Auxiliaries; etc.

4. Vocabulary: -Word consciousness; Knowledge of specific words and Word learning strategies

5. Para Jumbles: Identifying Transition Words and their usage; Identify Personal Pronouns; Demonstrative Pronoun; Combining it with logic; Acronym Approach; Time Sequence Approach; Theory Approach; Articles Approach; Noun, Pronoun and Adjective Approach; Opening- Closing Sentence Approach; Key Words Approach; Structure Approach and Indicating Words Approach

6. Sentence completion: Sentence completion questions with either one or two blanks; Vocabulary-in-context questions; Logic-based questions, Fill in the blanks in a phrase, sentence, or paragraph.

7. Sentence arrangement: Sentence structures- Simple, Compound, Complex and Compound-Complex

8. Sentence Correction: Errors in sentence correction- Subject-Verb Agreement, Modifiers, Parallelism, Pronoun Agreement, Verb Time Sequences, Comparisons and Idioms.

9. Spelling/Inappropriate usage

10. Phrase replacement

11. Verbal Reasoning: Reading Comprehension, Text Completion and Sentence Equivalence.

12. Types of Communication: Concept of Communication; Business communication; Need for improving English Language Skills; Characteristics of Communication; Importance of Communication; Means of Communication; Verbal Communication; Choice of Means and Mode of Communication; Process of Communication; Principles and essentials of communication; Types of Communication; Barriers to Communication.

Paper 2
Legal Aptitude and Logical Reasoning

Objective: To develop candidate's interest towards study of law, research aptitude, problem solving ability and logical thinking.

Detailed Contents
1. Legal Reasoning: Introduction, objectives; Learningresources –a) Prescribed textbook, b) Electronic readings; Legal problems – Reading and understanding a case; Legal reasoning- a) Reasoning by analogy b) Inductive and deductive reasoning; Case law; Judicial decision making.

2. Legal Facts: Questions of fact (or factual issues) andQuestions of law (or legal issues).

3. Syllogism: Types of Syllogism - 1) All (Universal Positive – UP), 2) No (Universal Negative- UN), 3) Some (Particular Positive- PP) and 4) Some Not (Particular Negative- PN)

4. Logical Connectives: 1) Negation- Not, 2) Disjunction- Either OR, 3) Conjunction- AND, 4) Material Implication- IF THEN

5. Binary Logic: Truth-Tellers, Liars, Alternators

6. Seating Arrangement: Arrangement of persons in a circular table, rectangle table or linear arrangement with some given conditions.

7. Blood Relations: Based on relations- Brother, Sister, Uncle, Aunt, Grandfather, Grandmother, Nephew, Niece, Cousin, Brother-inLaw, Sister-in-Law, Daughter-in-Law, Son-in-Law, Sister-in-Law, Brother-in-Law.

8. Venn Diagrams: Pictorial representation of relationships between different groups (or set) of things.

9. Clocks: Minute Space; Hour Hand and Minute Hand.

10. Calendars: Leap year, Ordinary year, Counting of odd days, Week, Month

11. Miscellaneous: Numerical Ability,Data Interpretation, Logical Reasoning based on Arrangements, Logical Reasoning based on Rankings, Team Formations, Quantitative Reasoning, Puzzle, Logical Deduction, Set Theory, Network Diagrams, Critical Reasoning (Paragraph Comprehension), Sequences and Series, , Statement and Conclusions, Statement and Assumptions, Assertion and Reason, Statement-Courses of Action; Squares of Numbers; Square Roots of Numbers; Cubes of Numbers; Prime Numbers; Numbers with a lot of Divisors and Arithmetic Tables.

Paper 3
Economic & Business Environment

Objective To develop basic understanding of economic and business environment, Budgeting, role of Government, Economic Systems and Economic Policies.

1. Indian Economy: Brief History; Sectors; Industries; Agriculture; Services; Foreign Trade & Investment; Currency, Income & consumption; poverty; Employment; Economic disparities;

2. Budget: Concept, terminologies; Economic Survey, fiscal deficit, revenue deficit,

3. Socio Cultural Environment: Introduction, Business and Society, Business and Culture, Indian Business Culture, Culture and Organizational Behaviour.

4. Political Environment: Introduction, Political Environment and the Economic system, Types of Political Systems, Indian Constitution and Business, Changing Profile of Indian Economy , Business Risks Posed by the Indian Political System.

5. Banking System: Reserve Bank of India, Nationalized Banks, Scheduled Banks, Private Banks, Payment Banks, micro finance

6. Public Sector: Public Sector Enterprises; Disinvestment, Department of Investment and Public Asset Management (DIPAM), Role of Public Sector in Economic Development,

7. Economic Systems: Introduction, Capitalist Economy, Socialist Economy, Mixed Economy, Impact on economic development.

8. Financial Environment: Introduction, An Overview of the Financial System, Components of Financial System, Taxation system, Financial Institutions and their Roles, Financial Institutions in India, Role of Foreign Direct Investment.

9. Economic Role of Government: Introduction, Regulatory Role of Government, Promotional Role of Government, Participatory Role of Government, Conciliatory and Judicial Role of Government , Impact of India’s Industrial Policy on Economic Reforms.

10. Economic Policies: Introduction, Industrial Policy, The crisis of June, 1991, Objectives of New Economic Policy – 1991, Emphasis of NEP on Liberalization, NEP and Privatization, NEP effect on Globalization, Impact of Liberalization, Privatization and Globalization on industrial growth of India Positive and Negative effects of New Economic Policy.

11. India, WTO and Trading Blocks: Introduction, Levels of Economic Integration/Trading Blocs, Effects of Economic Integration, Major Regional Trading Blocs, Commodity Agreement, World Trade Organization, WTO and India.

12. Burning Socio-Economic Issues: Poverty, Illiteracy, Balanced Regional Growth.

13. Contemporary issues: Demonetization, NPAs crisis, Twin Balance Sheet Crises, Basic Income, Public Sector, Private Sector, Public Private partnership, Farmers’ Suicide, Inequality, Women’s Privacy, Transformative Reforms, Universal Healthcare, De-globalisation etc.

14. Government Policies and popular schemes: Make In India, Jan DhanYojana, Atal Innovation Mission, Skill development, MNREGA
15. Niti Ayog: New India Vision 2022

16. Public Private Partnership: Forms of Public Private Partnership; Sectors where Public Private Partnership has taken place and its impact on economic development.

17. Entrepreneurship: Growth of Entrepreneurship in India, Barriers in entrepreneurship, New Government initiatives.

18. Subsidy and Grants: Public Distribution System, Direct benefit transfer

19. Corporate Social Responsibility: Sustainable development Goals,

20. Non- Government Organisation: Society, Trust

21. Know your customers: Aadhar

22. Economic & Financial Scams

23. Natural Resources: Major natural resources in India, Environment issues related to exploration activities of natural resources,

24. Insurance: Types of insurance, various insurance organisations, Awareness among the masses about significance of insurance.

25. Stock Exchanges, Commodities Exchanges: Origin and functions of Stock and Commodity Exchanges, Financial assets and commodities traded.

26. Imports and Exports: Balance of Trade, Balance of Payments, Major items of exports and revenue generation from such exports. Major items of Imports, Import substitution measures; barriers to International Trade.

27. Other Economies in the World: BRICS,MENA, SAARC, Pacific Rim Countries; NATO;G8;Emerging economies

Paper 4
General Knowledge and Current Awareness

Objective: To develop habit of keeping oneself updated on happenings in the economic and business world. Detailed Content:

1. Recent economic/business related news from leading newspapers and Journals like, Economic Times, Business Standard, Financial Express, Business Line, Mint, Economist, etc.

2. Renowned Business Personalities andLeaders; Books and Authors

3. Current events of national and international importance

4. Indian and World Geography- Commercial and Physical

5. Banks/Corporate taglines;National and international Stock Exchanges and Financial Centres.

6. Constitution of India: Preamble, Fundamental rights and duties, Directive Principles, Legislative, Judicial and Executive Framework;Political System, Panchayati Raj.

7. Important Business/Commercial Laws; Legal Maxims & Phrases; legal abbreviations.

8. International Institutions and Economic Concepts: World Bank, IMF, Currencies, Inflation, Interest rates, Exchanges, Index of Industrial Production (IIP), Global Competitiveness Index.

9. Technological developments/tools for Business and Finance

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