CA Final examination in the subject strategic financial management is considered to be challenging in 2016. Examinees have shown their inability to score in this subject. Common mistakes noted in the subject Strategic Financial Management are mentioned elsewhere in the given blog. If you want to check in deep, may I request you to see the video of CA Nagender Sah Our esteemed faculty who is explaining the same in a video demonstration.
Firstly, the students fail to plan what the examination approach in the three hours. Specially, they are not clear about the working strategy of the first hour or 60 minutes.
Secondly, the students are selective in study and they don’t cover all chapters equally. It has been noticed recently that the students lack practice skills.
Thirdly, the approaches to the theoretical questions were casual and they were not properly written. Specially the direct question like short notes questions were not handled properly.
The Indian Constitution has granted equal rights to men and women, we still find the society is always male dominated and the employment of women is not preferred in various fields like in Army or Air force, combat field, flying zones etc. Women are employed in many companies engaged in manufacturing sector, banking or financial sector etc. but to a limited position.
The government has promoted many laws to empower the women rights. One of the revolutionary decisions by the government was mandating to include at least one women director in the Board of Directors of the listed companies and certain specified class of Companies.
Every listed company shall appoint at least one woman director within one year from the commencement of the second proviso to Section 149(1) of the Companies Act 2013.
The certain specified class of companies includes the following:
- Every other public company having paid up share capital of Rs. 100 crores or more or
- Every other public company having turnover of Rs. 300 crore or more
as on the last date of latest audited financial statements, shall also appoint at least one woman director within 1 year from the commencement of second proviso to Section 149(1) of the Act.
Provided that a company incorporated under the Companies Act 2013 and is covered by the provisions of Section 149(1) of the act, shall comply with such provisions within six months from the date of its incorporation.
Further if there is any intermittent vacancy of a woman director then it shall be filled up by the board of directors within 3 months from the date of such vacancy or not later than immediate next board meeting, whichever is later.
The other countries like Spain, Norway, Italy, Belgium etc have already implemented such provision of appointment of women director in the Board of Company.
This has been a welcome move for women in India because now women’s corporate skills and talent will not be wasted on the ground of being woman only.