CA Intermediate · May 2026 · Paper 2
CA Intermediate Corporate and Other Laws May 2026: paper analysis
Our own analysis of the official paper, as of 12 October 2026. The questions and answers belong to ICAI; read them on ICAI's website.
Chapter-wise marks
Where the marks were in this paper (out of 100; internal-choice alternatives not double counted).
What each question tested
In our words, by question number. Open the official paper for the full question.
| Q | Marks | Tests | Chapter |
|---|---|---|---|
| 1(a) | 5 | Eligibility for a Section 8 licence when profits are meant for members, and whether an OPC can be a Section 8 company | Incorporation of Company and Matters Incidental Thereto |
| 1(b) | 5 | Voluntary revision of financial statements and Board report, and contents of the tribunal application | Accounts of Companies |
| 1(c) | 4 | Corporate donation remittances abroad and when RBI prior approval is needed under current account rules | The Foreign Exchange Management Act, 1999 |
| 2(a) | 5 | Sweat equity issue: ceiling for a non-startup company, permitted purpose and validity period of the special resolution | Share Capital and Debentures |
| 2(a) OR | 5 | Debenture tenure limits, security over overseas assets and when a Debenture Redemption Reserve is required | Share Capital and Debentures |
| 2(b) | 5 | Duty to report satisfaction of charge, penalty for default and Registrar's own power to record satisfaction | Registration of Charges |
| 2(c) | 4 | Power to rescind or amend a notification issued under a Central Act before its stated period ends | The General Clauses Act, 1897 |
| 3(a) | 5 | Offer for sale by existing members and the related procedural rules | Prospectus and Allotment of Securities |
| 3(b) | 5 | Quorum at a general meeting, voting majority for a special resolution and validity of the chairman's declaration | Management & Administration |
| 3(c) | 4 | Rule of harmonious construction and how courts apply it | Interpretation of Statutes |
| 4(a) | 5 | Who recommends auditor appointment, factors considered, and procedure when Board and audit committee disagree | Audit and Auditors |
| 4(b) | 5 | LLP liability for a partner's unauthorised act and a retired partner's liability to third parties without notice | The Limited Liability Partnership Act, 2008 |
| 4(c) | 4 | Meaning of ejusdem generis and its exceptions | Interpretation of Statutes |
| 5(a) | 5 | Transfer of unclaimed dividend and related shares to IEPF and the shareholder's remedy to reclaim | Declaration and Payment of Dividend |
| 5(b) | 5 | Conversion of an unlisted company into an LLP with pending proceedings, and effect of registration | The Limited Liability Partnership Act, 2008 |
| 5(c) | 4 | Definitions of person and good faith under the General Clauses Act | The General Clauses Act, 1897 |
| 6(a) | 5 | Interest rate on premature repayment of a deposit and situations where the reduction does not apply | Acceptance of Deposits by Companies |
| 6(b) | 5 | Financial statement filing obligations of a foreign company's Indian branch and effect of default on contracts | Companies Incorporated Outside India |
| 6(c) | 4 | Holding of foreign exchange by residents and the general rule distinguishing current and capital account transactions | The Foreign Exchange Management Act, 1999 |
What stood out
- Company law dominated: about two-thirds of descriptive marks came from Companies Act chapters, with Other Laws (General Clauses, Interpretation, FEMA) making up the rest.
- FEMA was a heavy hitter across both parts, with three MCQs plus two descriptive items on remittances and holding of foreign exchange.
- Almost every descriptive question was a fact-based scenario requiring a reasoned conclusion; pure theory was limited to Other Laws questions.
- The official answer key reported no correct option for one deposits-related MCQ, so expect such items to be handled through the key.
- Six case scenarios drove the MCQs; CSR obligations alone accounted for three items, so read Section 135 closely.
Practise the chapters that carried the marks
The Foreign Exchange Management Act, 1999, The Limited Liability Partnership Act, 2008, The General Clauses Act, 1897: study guides and practice questions in the CA Intermediate format.