GENERAL QUESTIONS

1. About yourself – a small intro

2. About the Firm – Origin, The Model on which it works, alumni experience, major
clients, major deals
3. Your preferred practice area – not required if the firm follows a rotation policy
4. Curriculum Vitae – Internships and Publications (if any) are most important
5. Why not Litigation?
6. One question related to teamwork – its importance and your experience
CONTRACT LAW
1. Difference between Void Agreement, Voidable Contract and Void Contract
2. Difference between Contract of service and contract for service
3. Mistake of law and mistake of fact and their implications
4. Section 25 – exceptions to consideration
5. Contingent contracts
6. Compensation, damages – both liquidated and unliquidated
7. Difference between indemnity and guarantee
8. Privity of Contract and its exceptions, Principle of Agency
9. Novation and Assignment
10. Rights of third parties
CONSTITUTION
1. Preamble and the understanding of the concepts contained therein
2. Legislative Competence
3. Supreme Court and High Courts – Original, Appellate, Exclusive, Advisory and
Writ Jurisdiction, power of superintendence, A.136, A.141
4. Union List, State List and Concurrent List
5. Colorable Legislation, Pith and Substance
6. Concept of “Law” and “State”
7. Fundamental Rights, Duties and DPSP – Basic reading
8. Constitutional Amendment – A. 368
9. Legitimate Expectation
SOGA
1. Sale and agreement to sell
2. Condition and Warranty
3. Specific Performance
TOPA
1. Ownership, Possession, Enjoyment and Alienation
2. Definition of immovable property, attached to Earth, actionable claims
3. Sections 5 and 6
4. Rule against Perpetuity
5. Vested and Contingent Interest
 6. Conditional transfers
7. Doctrine of Election and Apportionment
8. Part Performance
9. Marshalling
10. All types of mortgage – Section 58; Reverse Mortgage, mesne mortgagee; Legal and
Equitable Mortgage
11. Right to foreclosure, redemption and sale
12. Subrogation
**Difference between Sale, Hypothecation, Bailment, Pledge, Mortgage, Charge, Lien,
encumbrance, lease, Leave and Licence, exchange, Gift
NEGOTIABLE INSTRUMENTS ACT
1. Concepts like Promissory Notes, Bill of Exchange, Cheques, Hundis
2. Assignment
3. Endorsement
4. Dishonour of Negotiable Instrument (S. 138)
5. Noting and Protesting
CPC
1. Types of Jurisdiction
2. Res Judicata
3. Judgment and decree
4. Arrest and Detention
5. Attachment
6. Summary Suits
7. Review, Reference & Revision
SPECIFIC RELIEF ACT, 1963 - Overview
COMPANIES ACT 2013
1. Comparison with Companies Act 1956; Important changes in 2013 Act
2. Types of Companies – Private, Public, Small, Dormant, One person, associate,
charitable, holding, subsidiary
3. Equity Shares, Preference Shares and Debentures
4. Slump sale, Asset Sale, Business Sale, Buyouts (MBO)
5. Independent Directors1
6. Related Party Transactions, CSR, KMP, NCLT
7. Loan to Directors
8. Listing Agreement
9. Buy back and Reduction of capital
10. Four new committees: Audit, CSR, Nomination & Remuneration, Stakeholder and
Relationship
11. Constructive Notice
1
http://www.mondaq.com/india/x/296148/Corporate+Governance/Independent+Directors+Under+Companies+Act+
2013+Boon+Or+Bane
 12. Minority Protection and Squeeze out
13. Transferability of shares
14. S. 465
15. Entrenchment
16. Investor Protection
17. Class Action Suit, Representative Suit and Derivative action
18. Compromise, Arrangement, Amalgamation, Absorption, Reconstruction,
Restructuring, Reorganisation
19. Merger, Acquisition, Takeover, Joint Venture, Demerger (Spin-off and spin out),
Reverse Merger - 2
20. Treasury Stock
21. Red herring Prospectus, Final Prospectus, Shelf Prospectus, Information
Memorandum
22. Preferential Allotment and Private Placement (Differences)
TAKEOVER CODE3 - very important
KEY CORPORATE TERMS AND CONCEPTS
1. Call and Put Options – legality or enforceability
2. Mutual funds
3. Pre-emptive Rights - ROFR and ROFO, Drag along and tag along rights
4. Optionally Convertible Debentures
5. Delisting
6. Definition of Control under various enactments
7. Hedge funds and other investment funds – open ended and close ended
8. ADR, GDR, IDR
9. NSDL CDSL – Depositories
10. Current Account and Capital Account transactions
11. Institutional Trading Platform
12. Angel Investors, Anchor Investor, Venture Capital and Private Equity
13. Securitization and SARFAESI
14. Greenfield and Brownfield Investments
15. Factoring, Renvoi
16. Real Estate Investment Trust
17. Collective Investment Schemes
18. Offshore derivative instruments and Participatory Notes
19. Book building process – pricing method
20. Public Shareholder
21. Vodafone Tax Structure
22. JET ETIHAD Deal
2
http://www.ey.com/Publication/vwLUAssets/Assocham_White_paper_Companies_Act/
$File/Assocham_White_paper_Companies_Act.pdf;
http://www.nishithdesai.com/fileadmin/user_upload/pdfs/Research%20Papers/Mergers%20%26%20Acquisitions
%20in%20India.pdf
3
http://www.nishithdesai.com/fileadmin/user_upload/pdfs/Research%20Papers/Public%20M%26As%20in%20India
%20-%20Takeover%20Code%20Dissected.pdf; https://www.pwc.in/assets/pdfs/indian-services/m-a-takeover-book-
final-lowres.pdf
 23. Major Scams: Sahara, Saradha, etc.
24. Keep a track of recent M&A deals and FDI related news – regular updates on
Indiacorplaw.blog and Bar & Bench
COMPETITION LAW – Read COMBINATIONS (Merger Control)
INVESTMENT LAW4
1. FDI Policy
2. FEMA 205
3. FEMA 22
4. Liberalized Remittance Scheme
5. AIF Regulations
6. FPI6 Regulations
7. Foreign Currency Convertible Bonds
8. ECBs
9. SIA, DIPP & FIPB
10. Two way fungibility
SCRA
1. Marketable Securities7
2. Applicability to unlisted public companies8
3. Derivatives (Forward, Swap, Future, Option); Spot Delivery Contracts
4. Securities Contracts Regulation (Rules) 1957
INSIDER TRADING REGULATIONS9 - Overview
INTERPRETATION OF STATUTES – Read all important maxims
ICDR
1. Public Issue; Rights Issue; Bonus Issue
2. Employee Stock Option Scheme or Employee Stock Purchase Scheme
3. Qualified Institutions Placement
4. Issue of sweat equity shares
5. Preferential Issue
6. Indian Depository Receipts
7. Initial Public Offer and Further Public Offer
8. Offer for Sale
9. Minimum Subscription and Oversubscription
10. Green shoe option
4
http://www.rbi.org.in/scripts/FAQView.aspx?Id=26
5
http://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=174
6
http://www.psalegal.com/upload/publication/assocFile/ENewslineAugust2014.pdf?
utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original
7
http://indiacorplaw.blogspot.in/2013/07/marketable-securities-and-spot-delivery.html
8
http://corporatelawcorpus.blogspot.in/2011/03/applicability-of-securities-contracts.html
9
http://www.nishithdesai.com/fileadmin/user_upload/pdfs/Research%20Papers/Insider_Trading_Regulations_-
_A_Primer.pdf