There is no special strategy needed to prepare for Law. The book authored by Munish Bhandari simply rocks. Its awesome with its most striking feature being that it is exactly exam-oriented. The answers are drafted in the exact fashion expected by the ICAI examiner. You are not required to even touch the scanner. Past 10 year Problems from CA Examinations have been solved entirely here.
I am not singing sonnets in praise of the writer but i simply acknowledge the fact that by adopting a student-friendly approach,he has has made life a lot easier for us.
Pls remember that the most challenging aspect of the Law syllabus is the sheer volume..it is indeed very interesting .But handling so many Acts , given the time constraint we face , invariably becomes difficult at times . Studying during the 4 mnths/Revising all of them on the eve of the examination becomes a Herculean task. One needs to therefore plan accordingly.
I had made the mistake of spending too much time on Directors . Consequently, I couldn't revise SEBI, SCRA and Producer Companies.
On top of that, in Nov'07, they had goofed us by asking questions on Foreign Companies (after 8 years) , Sole Selling Agents and Miscellaneous Provisions of the Companies Act (never asked before). These were topics that I had left entirely. Questions were there on drafting resolutions pertaining to Managerial Remuneration also. So do have a glance at the Problems from Secretarial Segment also given in Munish Bhandari right at the end of each chapter.
The lesson I learnt was that you need to ensure that the whole syllabus is covered thoroughly and can't take wild risks.
In the topic on Directors , some sections , needless to mention, are very important :- 295,297,299,300 .Mastering the topic well , requires an integrated approach to be followed while studying.
One challenge that you will face is the confusion as regards the applicability of each section. While private companies are excluded from the ambit of quite a many provisions, it is important that you understand the technicalities, in case the question is cunningly based on this particular fineprint. Prepare a chart if you can . The appendix of Munish Bhandari is also quite useful.
Anything that is apparently insignificant, will assume catastrophic proportions in the examination hall. Intricacies like the definition of a calendar year as per the Companies Act mentioned in the chapter on Accounts and Audit ,need to be understood .Why lose unnecessary lose marks!
Again SEBI Guidelines are tough to remember over a long span of time . Try to study the chapter towards the end. Plus even if you can't remember it totally, try as much as you can .One gets step marking even in theory papers.
SCRA is crap. It is too boring .Demutualisation and Corporatisation of stock exchanges are relevant concepts. But since this chapter is totally procedure based, it really does not excite. Try preparing flowcharts for depicting the flow of documents
(Stock Exchange ---------------> SEBI------------------------> Broker)
application / opportunity to be heard
Topics like Competition Act need to be studied only to the extent notified by the Central Government...The applicable clauses are generally mentioned in the footnote on page 1 of this chapter in Munish Bhandari.
Interpretation of Statutes is a cakewalk . You get a sureshot 8 marks question from that. The topic is interesting .It will help you in Direct Taxation interpretations also ...e.g. the subtle distinction between 'and' vis a vis 'or'.....'shall' vis a vis 'must'. I don't think that one needs to mug up the Latin terms. Just develop a basic familiarity with them , in case the question is drafted that way.