CA Foundation Law: Study Material, MTP, RTP, Papers, Weightage (2023)

CA Foundation Law is the second paper of the CA Foundation course. The name of paper 2 is Business Law and Business Correspondence and Reporting. This paper aims to develop an understanding of various laws related to Business. It also assists in developing the analytical skills required to solve real-life problems.

In this article, you’ll get the CA Foundation law study material, syllabus, paper pattern, weightage, MTPs, RTPs, previous year question papers, ABC analysis and case studies.

The CA Foundation exam dates for the June 2023 examinations are out. As per the timetable, the Business Law paper will conduct on June 26, 2023.

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CA Foundation Law Study Material 2023

Download the pdf of CA Foundation Law Study material relevant for the May 2023 exams.

Section A: Business Laws

Section B: Business Correspondence and Reporting

• Initial Pages
• Chapter 1: Communication
• Chapter 2: Sentence Types, Active-Passive Voice and Direct-Indirect Speech
• Chapter 3: Vocabulary
• Chapter 4: Comprehension Passages
• Chapter 5: Note Making
• Chapter 6: Introduction to Basics of Writing
• Chapter 7: Precis Writing
• Chapter 8: Article Writing
• Chapter 9: Report Writing
• Chapter 10: Formal Letters and Official Communication
  • Part I: Formal Letters
  • Part II: Official Communication
• Chapter 11: Writing Formal Mails
• Chapter 12: Resume Writing
• Chapter 13: Meetings

Check the complete CA Foundation study material of all subjects for the Nov 2022 exams.

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CA Foundation Law Previous Year’s Question Papers

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CA Foundation Paper 2 RTP of Last 5 Attempts

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CA Foundation Business Law Mock Test Paper 2023

Mock test papers are mocking or imagining the exams. It’s similar to the day when you will give your real exams. VSI schedules such mock tests in intervals to keep its students well-prepared for the students. ICAI also scheduled such mock tests before exams. It is important to appear for such mock tests as you may get an idea about exam patterns and also the updated syllabus.  Practising ICAI mock test papers, and model question papers will help you in your upcoming CA Foundation exam. You can download the CA Foundation law Mock Test Papers of Business Law from here.

1) ICAI CA Foundation Mock Test Papers for Business Law:

Series 1:

• Question Paper
• Suggested Answer

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CA Foundation Paper Pattern for Business Laws

• Paper pattern: Subjective
• Total questions asked: 100 
• Total exam duration: 2 hours 
• Maximum marks got: 100 marks(60 marks for Business Law  40 marks for business correspondence and reporting)

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CA Foundation Business Laws Paper Chapter-Wise Weightage

ICAI has given weightage to particular chapters according to their implication on the real-world and level of difficulty.  It is important for students to plan and prepare for the exams according to the weightage of topics and break down chapters accordingly. 

SECTION A: BUSINESS LAWS (60 MARKS)

• The Indian Contract Act, 1872: 25%-35%
• The Sale of Goods Act, 1930: 20%-25%
• The Indian Partnership Act, 1932: 20%-25%
• The Limited Liability Partnership Act, 2008: 5%-10%
• The Companies Act, 2013: 15%-20%

ICAI CA Foundation Business Law Syllabus for May 2023

 CA Foundation Syllabus has been revised by ICAI under the new scheme. Students should download the 2023 ICAI syllabus from here 

If you want to get good marks in the CA Foundation exams, It is important to have continuous practice in all the subjects. VSI Jaipur gives the best and highest CA Foundation Result every year with the most dedicated study pattern.  RC Sharma always requests students to keep practising the ICAI Question paper to get an overview of the CA Foundation exam pattern for the planned study.

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CA Foundation Law ABC Analysis

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How to Study for the CA Foundation Paper 2?

Students need to attempt all 100 questions in 2 hours. The questions asked are subjective and students have to answer the questions asked, write letters or even solve case studies according to new Laws in the papers. The paper needs evaluation and understanding skills to solve it. If you are well versed with all the laws and their acts, then you should mention it in your answers. You should forbid giving wrong sections and acts if you are confused, instead just write the answers.

Tips and Tricks to Crack CA Foundation Law Exams May 2023

• Understand the question and apply basic logic to the question.
• Evolve reading habits to know more about commercial terminology.
• Make register for listing all the sections and acts of law syllabus.
• VSI gives the best CA foundation coaching to prepare for a Law paper. With the mock test paper series and continuous revision, students become comfortable with the subject and can score good marks.

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Indian Contract Act, 1872 of CA Foundation Law

The Indian Contracts Act 1872 is among the oldest laws of the country related to trade and commerce. This law came into effect on Sept 1, 1872, in the whole country except J&K. As the name suggests, the Indian contracts act of 1872, is the main act for regulating the contracts in India.

Now in CA Foundation, the topics of the Indian Contracts Act of 1872 that you are going to study are the nature of contracts, consideration, performance and breach of contract, and many more.

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CA Foundation Classes

VSI provides the best CA Foundation classes for all the subjects at the most competitive price. They also provide CA pen drive classes and online classes to their students that cover the entire study material in the most effective way.  

VSI also provides the pen drive class for both English and Hindi medium students. You can also download the study material for Hindi medium students for May 2023 CA foundation Business law exams. 

CA Foundation Law Case Studies for May 2023 exam

Solving case studies is one of the major challenges that students face while attempting CA foundation law paper. We are sharing a few examples of the case studies and how they are solved.

Case study 1:

Case study 2:

Case study 3:

Case study 4:

Case study 5:

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