CS Exam

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CS Exam

Chartered Accountancy and Company Secretary (CS) are amongst the most sought-after professions chosen by those aspiring to build a career in commerce stream. In recent years, with the particular need for corporate experts, the high regard for CS has almost become equivalent with the popularity of accountant courses. In order to obtain the CS qualification, students need to appear for two to three exams (depending on prior educational details). If you are planning to attain this qualification, here is a detailed blog that aims to provide the essential details of the CS exam, its key deadlines as well as the tests you need to appear for in order to attain the certification.

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CS Exam Important Dates 2021

While creating your preparation schedule, you need to take into account the dates and deadlines implemented by the ICSI, CS-offering body, with respect to the three levels of the CS exam. Here is a table that enlists the major exam notifications for the June 2021 session-

CS Foundation

Date of the Exam Subjects Timings
5th June 2021 Paper-1 Business Environment and Law 9:30- 11:00 AM or 12:00-1:30 PM
5th June 2021 Paper-2 Business Management, Ethics and Entrepreneurship 2:30-4:00 PM or 5:00- 6:30 PM
6th June 2021 Paper-3 Business Economics 9:30- 11:00 AM or 12:00-1:30 PM
6th June 2021 Paper-4 Fundamentals of Accounting and Auditing 2:30-4:00 PM or 5:00- 6:30 PM

CS Executive

Date Executive programme (Old Syllabus) Executive programme (New Syllabus)
June 1, 2021
Cost and Management Accounting (Module-I) (OMR Based) Jurisprudence, Interpretation and General Laws (Module-I)
June 2, 2021
Industrial, Labour and General Laws (Module-II) (OMR Based) Securities Laws and Capital Markets (Module-II)
June 3, 2021
Tax Laws and Practice (Module-I) (OMR Based) Company Law (Module-I)
June 4, 2021
Company Accounts and AuditingPractices (Module-II) Economic, Business and CommercialLaws (Module-II)
June 5, 2021
Company Law (Module-I) Setting up of Business Entities and Closure (Module-I)
June 7, 2021
Capital Markets and Securities Laws (Module-II) Corporate and Management Accounting (Module-II) (OMR Based)
June 8, 2021
Economic and Commercial Laws(Module-I) Tax Laws(Module-I) (OMR Based)
June 9, 2021
No Exam Financial and Strategic Management (Module-II) (OMR Based)

CS Professional

Date Professional programme(Old Syllabus) Professional programme(New Syllabus)
June 1, 2021
Advanced Company Law and Practice (Module I) Governance, risk management, compliances and ethics (Module I)
June 2, 2021
Information Technology and Systems Audit (Module II) Secretarial audit, compliance management, diligence (Module II)
June 3, 2021(
Advanced Tax Laws and Practice (Module III) Corporate funding as well as listings in stock exchanges (Module III)
June 4, 2021
Secretarial audit, compliance manage, due diligence (Module I) Advanced tax laws (Module I)
June 5, 2021
Financial, treasury, forex management(Module II) Corporate restructuring, insolvency,Liquidation and Winding-up (Module II)
June 7, 2021
Drafting, Appearances and Pleadings(Module III) Multidisciplinary Case Studies(Module III) Open Book Exam
June 8, 2021
Corporate Restructuring, Valuation and Insolvency (Module I) Drafting, Pleadings and Appearances (Module I)
June 9, 2021
Ethics, Governance and Sustainability(Module II) Resolution of Corporate Disputes, Non–Compliances and Remedies (Module II)

CS Exam: Important Details

In addition to the above cut off dates, there are some other crucial details you must remember while filing your application for the CS exam.

  • Application Fees for the different programs under the CS exam are as follows:
Foundation Program 1200 INR 
Executive Program 1200 INR for each module
Professional Program 1200 INR for each module
  • The medium of all levels of CS exam is both English and Hindi (excluding the Business Communication subject in the Foundation Program).
  • To successfully clear of the Foundation/Executive/Professional level of the CS exam, an applicant needs to have scored at least 40% in each of the paper and overall 50% in aggregate.
  • The Executive and Professional CS exam application must be completed within the registration period. However, this can be extended/renewed further on payment of applicable fees.

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The conditions of eligibility implemented by the ICSI with respect to three stages of the CS exam differ as per the educational qualifications of the prospective candidate. To help you understand the criteria for each level, we have summarised the prerequisites in the following table:

Prior Qualifications Applicable Stages
10+2 and Equivalent (in Science, Commerce and Arts Stream
excluding Fine Arts)
Foundation Executive 
Undergraduate-degree holder (except Fine Arts) Executive Professional*

*Professional Program can only be pursued after successful clearance of Executive Program.

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CS Exam: Subjects

The multifarious aspects of corporate and business disciplines are thoroughly tested in the exam. This also includes a heavy amount of legal study, entrepreneurship, capital markets and much more. Some of the major subjects under each level of the CS exam are given in the table below.

CS Exam Level Subjects
Foundation Programme (4 papers) Fundamentals of Accounting & Auditing,
Business Environment & Law,
Business Management,
Ethics & Entrepreneurship,
Business Economics
Executive Program
(Module 1- 4 Papers and Module 2- 3 Papers)
Module 1:

Company Law
Cost and Management Accounting
Tax Laws and Practice
Economic and Commercial Laws

Module 2:
Capital Markets and Securities Laws
Industrial Labour and General Laws 
Company Accounts and Auditing Practices 

Professional Program
(3 Modules and 1 elective paper)

Module 1:

Advanced Company Law and Practice
Secretarial Audit, Compliance Management and Due Diligence
Corporate Restructuring, Valuation and Insolvency

Module 2:

Ethics, Governance and Sustainability
Information Technology and Systems Audit 
Financial, Treasury and Forex Management

Module 3:

Advanced Tax Laws and Practice
Drafting, Appearances and Pleadings

Electives (open-book exam):

Banking Law and Practice
Capital, Commodity and Money Market
Insurance Law and Practice
Intellectual Property Rights – Law and Practice
International Business-Laws and Practices

Read more about the above subjects here.

Thus, we hope that this blog helped you understand the key features of the CS exam and its different levels. An increasing number of high school graduating students are choosing commerce stream for the lucrative career options it offers. However, it is important that students assess their skills and abilities with respect to the course undertaken in order to build a rewarding career and that’s where the expert counsellors at Leverage Edu can guide you in finding your true calling by helping you choose the right course that fits your interests and career aspirations.

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