ICAI CA Foundation Business Law paper: study material, Weightage and paper pattern

Apr 03, 2024
ICAI CA Foundation Business Law paper: study material, Weightage and paper pattern


Here is an extensive review of the CA Foundation Business Laws Paper for the year 2024. The granularity, including chapters, weightage, and the pattern of the exam, is previewed to help the students in their effective preparation. To an extent, our awareness of where the weightage is allocated in the chapters facilitates more focused study sessions. Besides that, the exam methods seem to encompass important details like the mode of exam, frequency, level of difficulty, and the exam scheme as well. This piece of information at hand, therefore, allows the hopefuls to determine their study strategy and approach.

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CA Foundation Business Law Study Material 2024

In CA Foundation Business Law Syllabus in 2024, every chapter outlines crucial legal ideas that contributing Chartered Accountant students should be aware of. It covers the Indian Regulatory Framework, as the major regulatory bodies include the Ministry of Finance and the Securities and Exchange Board of India. There is a detailed discussion of the acts like the Indian Contract Act, of 1872, and the Framework Companies Act, of 2013. Knowledge of these principles is important if you are to succeed in the CA exam. Have a serious look at the CA Exam time table for an organised study schedule and succeed as the best in the examination.

Chapter 1. Indian Regulatory Framework

Major Regulatory Bodies such as Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, the Ministry of Law and Justice, etc.

Chapter 2. The Indian Contract Act, 1872

General nature of a contract, consideration, other essential elements of a valid contract, Performance of the contract, Breach of contract, contingent, and quasi-contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency.

Chapter 3. The Sale of Goods Act, 1930

Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and delivery of goods, the unpaid seller, and his rights.

Chapter 4. The Indian Partnership Act, 1932

General Nature of Partnerships, Rights and Duties of Partners, Reconstitution of Firms, Registration, and Dissolution of a Firm.

Chapter 5. The Limited Liability Partnership Act, 2008

Introduction: covering nature and scope, essential features, characteristics of LLPs, incorporation, and differences with other forms of organisations.

Chapter 6. The Companies Act, 2013

Essential features of the company, Corporate veil theory, Classes of companies, Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management.

Chapter 7. The Negotiable Instruments Act, 1881

Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different Provisions Relating to Negotiation, Presentation of Instruments, Rules of Compensation.


CA Foundation Business Law Weightage

The CA Foundation Law Syllabus exam comprises chapters with different percentages. Understanding this distribution might guide a more concentrated practice. Out of all the legislations, the Indian Contract Act, 1872, is the most relevant, carrying the maximum marks ranging from 20% to 30%, followed by the Companies Act, 2013 and the Sale of Goods Act, 1930, with 15% to 20% of the total marks. Besides the others, like the Indian Partnership Act, 1932, and the Negotiable Instruments Act, 1881, all of which have key points, when it comes to the Indian Regulatory framework, the Limited Liability Partnership Act, 2008. This may be of lower weightage, but knowledge of it is necessary. Candidates can look at the CA Foundation course guide for help in getting proper preparation.

Chapters Weightage
1. Indian Regulatory Framework 0%-5%
2. The Indian Contract Act, 1872 20%-30%
3. The Sale of Goods Act, 1930 15%-20%
4. The Indian Partnership Act, 1932 15%-20%
5. The Limited Liability Partnership Act, 2008 5%-10%
6. The Companies Act, 2013 15%-20%
7. The Negotiable Instruments Act, 1881 10%-15%


CA Foundation Business Law Exam Paper Pattern

CA Foundation Business Law Pattern 2024, which is organised and conducted by The Institute of Chartered Accountants of India (ICAI) all over India twice a year in June and December, is a paper held offline. Often, this test covers different legal aspects that are key for business. The level of difficulty is generally considered to be of an easy to moderate degree, with an ‘objective style question paper’. The time given to the students to complete the question paper is 3 hours, and they get a total of 100 marks. Simply put, there is no negative marking. From the CA Exam Schedule and the CA Foundation Syllabus, candidates can have access to detailed information about their CA preparations.


Particulars Details
Name of the Paper CA Foundation Business Law
Organized The Institute Of Chartered Accountants of India (ICAI)
Mode of exam Offline
Frequency Twice in a year (June / December)
Level of difficulty Easy to Moderate
Question paper (s) Paper 2 – Business Laws
Duration of the question papers 3 hours
Question Type Subjective
Marks 100 marks.
Marking scheme No negative marking


Preparing for the CA Foundation Business Law Exam

To successfully manage time for CA Foundation Business Law preparation:

  • Make a study plan that will allow the student to complete their CA exam.
  • Create daily blocks of study by dividing the timetable.
  • Allot the topics as per their weightage, and appearance during the examination.
  • You may advise them to spend some time taking practice exams and mock exams since they will most likely take the actual assessment test.
  • Remain mindful and adjust your plan as needed to recognise and reward your excellent performance in the lead-up to the test.

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1. How to study business law for CA Foundation?

To succeed in CA Foundation Law, a strategic approach involving regular class attendance, detailed notes, mock exams, regular revision, case study exploration, clarification, and active learning methods is important.

2. How to pass CA Foundation business law?
  1. Finish your syllabus.
  2. Revising Daily.
  3. Make your notes.
  4. Solve the previous year’s questions.
3. How can I score as high as possible on the CA Foundation?

To achieve a high score in the CA Foundation exam, it’s recommended to modify your study routine, revise the syllabus at least three times, and adopt a subject-wise strategy.

4. Which stream is best in CA?

The majority of CA candidates, regardless of academic background, are from the commerce stream due to their coursework being closely aligned with the exam.

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