EBCL ANALYSIS SHEET JUNE’2023

MY
ANALYSIS

Chapter 1
RBI

Previous Year – 5 Marks

C Anticipated – 5 to 10 Marks
S
Type of question – Direct
E
X Already asked
E a. Banker to Government
C
U Important
T a. Functions of RBI to secure monetary stability and Instruments used by
I RBI to control the economy.
V b. Constitution of monetary policy committee and meeting of monetary
E policy committee
c. Role of reserve bank of India as custodian of foreign exchange reserve
d. Object of payment settlement system
e. Central board of directors
f. History of RBI and how it is Lender of last resort
g. Powers of RBI.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.1

 MY
ANALYSIS

Chapter 2
FEMA 1999

Previous Year – 4 Marks

C Already asked
S a. Overall scheme of FEMA

E Anticipation 0-4 marks

X
E Type - direct
C
U Important
T a. Objective of FEMA (May Repeat)
I
V
E

1.2 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 3
FOREIGN EXCHANGE
TRANSACTION & COMPLIANCE

Previous Year – 0 Marks

C
S Anticipation – 4 to 8 Marks

E Question – Direct & descriptive

X
E Already asked
C
U Important
T a) Capita A/C and current A/C transaction.
I b) Person president in India to hold own, transfer immovable outside India
V c) Situations where drawl of foreign exchange is prohibited.
E d) Forex transaction where prior approval is required for individuals.
e) Remittance/winding up of branch office
f) Rules relating to acquisition & transfer of immovable property
g) Various modes of acquiring property outside India by resident India
h) Compounding of Contraventions
i) Limit on possession and retention of Foreign Currency and foreign coins

Note: This chapter has a fairly high chance of being asked more frequently
in June’23

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.3

 MY
ANALYSIS

Chapter 4
FCRA

Previous Year – 18 Marks

C Anticipation – 5 Marks
S
Type – Direct
E
X Already asked
E a. Surrender of Foreign Contribution
C b. Management of Foreign contribution of a person whose registration has
U been suspended
T c. Prohibition to receive Foreign contribution
I d. Foreign Hospitality
V e. Confiscation and adjudication of foreign contribution
E
Important
a) Circumstances where FCRA does not apply.
b) Procedure to notify an organization of a political nature.
c) Grant of certificate of registration
d) Power of CG to Prohibit foreign contribution
e) Power to suspend and cancel registration under FCRA

1.4 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 5
FDI
Previous Year – 9 Marks
Anticipation – 4 to 8 Marks
Type – Direct
C Already asked-
S a. Documents required to Transfer shares to person Resident outside India
by way of gift
E b. Investment in property outside India
X
E Important
C a) Sector where FDI is not permitted.
U b) FDI in LLP and its conditions.
T c) FDI in startups.
I d) Entry route for investment
V e) Eligible investors in FDI
E f) Cases which do not require fresh approval.
g) Guidelines for FDI in E-commerce
h) List any 5 sectors which come under 100% automatic route
i) Guidelines for single board & multiple board retail tanning
j) Insurance company & its conditions.
k) Issue of ESOP
l) Procedure to establish BO/LO/PO & transfer of asset.
m) Downstream investment.
n) Investment by NRI on repatriation basis.
o) Pledge of shares.

Note: This chapter has a fairly high chance of being asked more frequently
in June’23

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.5

 MY
ANALYSIS

Chapter 6
ODI

Previous Year – 4 Marks

C Anticipation – 4 to 8 marks
S
Type – direct
E
X Already asked:
E a. Procedure of acquiring foreign property
C
U Important:
T a. Definition of ODI and OPI
I b. Procedure to make Overseas Investment
V c. Permissible ODI Limit – (400% of Net worth or 1 billion)
E d. Restructuring
e. Obligation of person resident in India
f. Manner of Making ODI
g. ODI by Trust and Society
h. Restrictions

1.6 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 7
LRS

Previous Year – 0 Marks

C Anticipation – 4 marks
S
Type - Direct
E
X Already asked
E
C Important:
U a) Up to what amount AD may release foreign exchange for medical
T treatment & business trip.
I b) Permissible capital & current A/C transaction.
V c) Prohibited LRS transactions.
E d) State the permissible limit:
a. For commission to agent abroad.
b. Consultancy services.
c. Tour arrangement by agents.
d. Students for pursuing studies abroad

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.7

 MY
ANALYSIS

Chapter 8
EXTERNAL COMMERCIAL
BORROWINGS

Previous Year – 0 Marks

C
S Already asked

E Anticipation – 4 - 8 marks
X
E Type – Direct
C
U Important
T a) Recognized Lenders and Eligible Borrowers
I b) Conversion of ECB into Equity
V c) MAMP
E d) ECB for startups.
e) Hedging
f) End uses of ECB
g) Parking of ECBs
h) Reporting requirements.

1.8 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 9
FOREIGN TRADE POLICIES &
PROCEDURE

Previous Year – 8 Marks

C
S Anticipation – 4 to 8 Marks

E Type – Direct
X
E Already asked
C a. Objective of FTP
U b. Export enhancement should be the task of Foreign Trade Policy, Explain
T
I Important
V a) Items which are not eligible for MEIS
E b) Privileges of status holder (6 to 7)
c) Short note on IE code & its exemptions
d) Principle of restrictions.
e) Ineligible categories under SEIS
f) Status holder category & grant of double weightage.
g) Advance Authorization – Complete
h) Exit from EOU scheme.
i) Quality complaints & trade disputes – complete topic.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.9

 MY
ANALYSIS

Chapter 10
NBFC

Previous Year – 4 Marks

C Anticipation – 4 to 5 Marks
S
Type - Direct
E
X Already asked
E a. Cancellation of License by RBI
C
U Important
T a) Difference between NBFC /banks.
I b) 5 powers of Reserve Bank in regards to NBFCs
V c) Maintenance of Percentage of Assets
E d) Various types of NBFCs (Primary Focus on Core investment company)

1.10 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 11
SEZ, 2005

Previous Year – 4 Marks

C Anticipation 4 Marks
S
Type – Direct
E
X Already asked
E a. Approval Committee in SEZ
C
U Important
T a) Functions of Development Commissioner
I b) Duties, powers & function of board of approval.
V c) Functions of Approval Committee
E d) Setting up of unit in SEZ
e) SEZ authority & functions.
f) Power of CG to supersede authority
g) Guidelines for notifying SEZ

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.11

 MY
ANALYSIS

Chapter 12
COMPETITION ACT 2002

Previous Year –25 Marks

C
S Anticipation – 25 Marks

E Type – Direct/ Case Base

X
E Already asked (These May repeat)
C a. Need of Competition
U b. Tie in arrangement and exclusive supply agreement
T c. Conditions conductive to cartelization
I d. Refusal to deal
V e. Establishment/Composition and term of office under CCI
E f. Factors to be taken into consideration that whether combination would
have appreciable adverse effect in Relevant Market

Important-
a) Cartel
b) Raghavan Committee
c) Sachar Committee
d) Relevant market and Factors (relevant product & geographic market)
e) Anti-competitive agreement & type of ACA
f) Dominant position factors determining dominant position
g) Collusive Bidding
h) Abuse of Dominant Position
i) Combination & its regulation (section 5/6)

1.12 YES ACADEMY | ADV. CHIRAG CHOTRANI

 j) Procedure for investigation of combination
k) Duties and power of director general.
l) Division of undertaking by CCI
m) Appellant tribunal
n) Penalties under competition Act.
o) Short note on competition advocacy and competition fund.
p) Why competition is essential in market comment.
q) Duties of director general
r) Factors to determine dominant position
j) Procedure for investigation of combination
k) Duties and power of director general.
l) Functions and composition of CCI
m) Division of undertaking by CCI
n) Appellant tribunal
o) Penalties under competition Act.
p) Short note on competition advocacy and competition fund.
q) Why competition is essential in market comment.
r) Duties of director general
s) Factors to determine dominant position

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.13

 MY
ANALYSIS

Chapter 13
CONSUMER PROTECTION ACT,
2019

Previous Year - 4 Marks

C
S Anticipation – 4 to 8 Marks

E Type – Direct/ Case Base

X
E Already asked
C a. Consumer (Tractor Case) (Whether commercial purpose or not)
U
T Important:
I a) Complaint under COPRA
V b) What is unfair Contracts
E c) Unfair trade practice (Hand written answer)
d) Consumer protection council.
e) Central consumer protection authority (central authority) & its power
& functions.
f) Central authorities’ power to issue directions and penalties against false
advertisement
g) Consumer disputes redressal commission-complete.
h) Product liability and exception to it.

1.14 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 14
ESSENTIAL COMMODITIES ACT,
1955

Previous Year – 6 Marks

C
S Anticipation – 0 to 4 Marks

E Type – Direct
X
E Already asked
C a. Culpable Mental State under ECA (This was a question of Penalties
U where culpable mental state means MENS REA – Always remember MENS
T REA is essential for making liable someone under this Act, so this question
I just wanted you to comment that culpable mental state is required and
V presumed by the court, however the defendant if can prove his bonafide
E intention then he would not be liable)
b. Seizure vs Confiscation

Important:
a) Essential commodities under the Act
b) Whether ‘Tea’ is food stuff, discuss with case law.
c) Fixing the price of essential commodity:
i. Emergency
ii. When sold to government
iii. Fix price for sugar
d) Confiscation of essential commodities.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.15

 MY
ANALYSIS

Chapter 15
LEGAL METROLOGY ACT, 2009

Previous Year – 3 Marks

C Anticipation – 0 to 3 Marks
S
Type – Direct
E
X Already Asked
E a. Non standard weights used in Trade is liable to be forfeited
C
U Important:
T a) Pre-Packed commodity
I b) Power & Functions of Director, controller and Legal Metrology officer
V c) Offence & penalties.
E d) OIML Certification System

1.16 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 16
TOPA 1882

Previous Year – 3 Marks

C Already asked
S a. Difference Between Sub mortgage and Puisne Mortgage

E Anticipation – 6-8 marks

X
E Type – direct & Practical
C
U Important concepts
T a) Vested & contingent interest.
I b) Properties which can be transferred
V c) Transfer for benefit of unborn child.
E d) Rule against perpetuity
e) Condition precedent/condition subsequent.
f) Doctrines of transfer of property (Preference – Fraudulent Transfer/
Part Performance/Lis Pendence)
g) Mortgages - distinguish between mortgage by conditional sale V/S English
mortgage (Read Usufructuary Mortgage nicely)
h) Doctrine on clog of equity.
i) Charge V/S mortgage.
j) Lease vs License
k) Restrain on transfer/enjoyment of property.
l) Reversion and remainder.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.17

 MY
ANALYSIS

Chapter 17
REAL ESTATE (R&D) ACT 2016

Previous Year – 6 Marks

C Already asked
S a. Appropriate Government under RERA
b. Carpet Area vs Common Area
E
X Anticipation – 4 Marks
E
C Type – Direct
U
T Important
I a) Exempted projects from registration.
V b) Objectives and features of RERA
E c) Documents to be attached by promoter while registration (Registration
process)
d) Revocation of Registration
e) Functions & duties of promoter
f) Tribunal and its power
g) Punishments
h) Rights of Real Estate Allottees under RERA

1.18 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 18
BENAMI TRANSCATION
PROHIBITION ACT,1998

Previous Year – 3 Marks

C
S Already asked
a. Punishments
E
X Anticipation – 3- 4 Marks
E
C Type – Direct
U
T Important
I a) Silent features of benami transaction (prohibition) Act 1988.
V b) Explain benami transaction and punishment
E c) Notice & attachment sec 24.
d) Adjudication of benami property sec 26.
e) Confiscation & vesting of benami property.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.19

 MY
ANALYSIS

Chapter 19
PREVENTION OF MONEY LAUNDERING
ACT 2002

Previous Year – 0 Marks

C
S Already asked

E Anticipation – 3marks
X
E Type – Descriptive
C
U Important-
T a) Money laundering & its process.
I b) 3 Major Treaties on Prevention of Money Laundering (FATF Specially)
V c) Adjudication.
E d) Obligations of Banks and Financial Institution

1.20 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 20
INDIAN CONTRACT ACT 1872

Previous Year – 6 Marks

C Already asked
S a. Minor’s Contract
b. Difference between Fraud and Misrepresentation
E
X Anticipation – 6 marks
E
C Type – situation-based question
U
T Important
I a) Guarantee /indemnity.
V b) Gift/Reward
E c) Balfour vs Balfour
d) Remedy against minor who obtained goods by fraud.
e) Contract by post.
f) When consideration is not necessary.
g) Types of arrangements void as against public policy.
h) Contract of guarantee
i) Illegal Agreement
j) Contracts Uberrimae Fidei
k) Discharge by impossibility
l) Discharge of surety
m) Quantum merit vs anticipatory breach
n) Carlil V/S carbolic smoke ball company.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.21

 MY
ANALYSIS

Chapter 21
SPECIFIC RELIEF ACT, 1963

Previous Year – 6 Marks

C Anticipation – 3 to 6 Marks
S
Type – Direct/Distinction b/w
E
X Already asked
E a. Remedies under specific relief act
C b. Perpetual Injunction
U c. Temporary vs perpetual Injunction
T
I Important
V a) Recovery of possession of Moveable and Immoveable property
E b) Specific performance of part of contract.
c) Substituted performance of contract.
d) Rescission of contracts
e) When injunction may be refused/Injunction to perform negative agreement
f) Declaratory decree
g) Contracts which can and cannot be specifically enforced.
h) Rectification vs cancellation

1.22 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 22
SALES OF GOODS ACT, 1930

Previous Year – 0 Marks

C Anticipation – 3 to 6 Marks
S
Type – Direct
E
X Already asked
E
C Important
U a) Unpaid seller & its rights.
T b) Sale v/s agreement to sell.
I c) Sale v/s Hire Purchase Agreement.
V d) Condition and warranty
E e) Implied conditions (any 5).
f) Caveat Emptor & its Exception.
g) Transfer of ownership of goods send on approval basis.
h) Exception to the rule of sale by owners only.
i) Right of lien v/s Right of stoppage in transit.
j) Distinction between sale and purchase agreement
k) Recovery of money
l) Auction sales (Short Note)

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.23

 MY
ANALYSIS

Chapter 23
INDIAN PARTNERSHIP ACT,
1932

Previous Year – 4 Marks

C
S Type – Case Base

E Anticipation – 3 to 4 Marks
X
E Already Asked
C a. Test of valid partnership
U
T Important
I a) Effect for Non registration
V b) Minor & his rights in partnership
E c) Implied Authority (Acts within & outside implied authority)
d) Various types of Partners

1.24 YES ACADEMY | ADV. CHIRAG CHOTRANI

 MY
ANALYSIS

Chapter 24
NEGOTIABLE INSTRUMENT
ACT, 1881

Previous Year – 3 Marks

C
S Anticipation – 3 to 4 Marks

E Type: Direct
X
E Already Asked:
C a. Crossing of Cheque
U
T IMPORTANT
I a) Essentials of BOE and Promissory Note
V b) Inland & foreign instrument
E c) Accommodation bill.
d) Distinguish between cheque & BOE.
e) When banker can refuse payment
f) Maturity of cheque and crossings
g) Difference Between Holder and Holder in due course
h) Negotiability v/s Assignability
i) Ambiguous and Inchoate Instruments
j) Types of Endorsement
k) Acceptance for honor
l) Presentment for payment when excused
m) When notice of Dishonor is not necessary
n) Noting & Protest.

YES ACADEMY | ADV. CHIRAG CHOTRANI 1.25