ICAP frequently asked questions (FAQs)

A. The Finance Act or Ordinance, and notifications and circulars relating to Finance Act or Ordinance, issued four months prior to the date of examination shall be considered forming part of syllabus for the next attempt.

A. The amendment in the Corporate Laws issued six months prior to the date of examination shall be considered forming part of syllabus for the next attempt.

Note: ICAP can notify specifically for any content to be tested in the next attempt, irrespective of the time of its issuance.

A. The weightage of both the parts of CAF-3 Business Law (i.e. Mercantile Law and Company Law) is 50%, each. Hence, each portion will be of 50 Marks.

A. The students who have passed the paper of Mercantile Law are required to appear only in the Company Law portion of CAF -3 Business Law.