Taxmann Cracker -Capital Market and Securities Laws Book for CS Executive by N.S. Zad, Pankaj Kumar

Capital Market & Securities Laws – CRACKER (Previous Exams Solved Papers with Case Study Based Questions) is a precision-engineered, exam-intelligence-driven preparation manual for CS Executive – Group 2 | Paper 5, fully applicable for the June and December 2026 examinations. This publication does not approach capital markets as a theoretical discipline; instead, it treats the subject as an exam-tested regulatory system, where success depends on understanding how ICSI frames questions, allocates marks, and evaluates application-based answers. Built on a granular analysis of past CS Executive examination papers up to December 2025, the book converts historical exam data—question typology, marks patterns, chapter recurrence, and practical orientation—into a structured preparation and scoring roadmap. The inclusion of a dedicated Case Study-Based Questions module reflects the post-2023 shift in ICSI's assessment philosophy towards integrated, scenario-driven testing.

The Present Publication is the 6^th Edition, authored by CS N.S. Zad, with the following noteworthy features:

• [Fully Solved Previous Examination Questions] All past CS Executive Paper 5 questions are solved in a step-wise, exam-compliant format, mirroring the structure, language, and depth expected by ICSI evaluators
• [Topic-wise & Chapter-wise Question Arrangement] Questions are systematically reorganised topic-wise across chapters, enabling focused preparation rather than chronological paper-wise reading
• [Dedicated Case Study-Based Questions Chapter] A separate, exclusive chapter consolidates case study-based questions, reflecting their increasing prominence (including 20-mark integrated case studies in recent exams)
• [Chapter-wise Marks Distribution Charts] Data-backed tables showing year-wise and chapter-wise marks allocation (June/December cycles), allowing students to identify consistently high-scoring areas
• [Previous Exams Trend Analysis] Detailed trend matrices mapping question type (descriptive/practical), marks, and frequency, helping students anticipate examiner focus areas
• [Chapter-wise Comparison with ICSI Study Material] A structured cross-reference table aligning each CRACKER chapter with the corresponding ICSI Study Material chapter, ensuring syllabus completeness and compliance
• [Updated Law & Regulatory Framework] Incorporates all the latest applicable provisions, rules, and amendments relevant for the 2026 examination cycle across capital market and securities laws

The book is divided into two integrated parts, covering the full breadth of the Paper 5 syllabus:

• Part I – Capital Market
• Basics of the Capital Market
• Secondary Market in India
• Securities Contracts (Regulation) Act, 1956
• Securities and Exchange Board of India (SEBI)
• Laws Governing Depositories and Depository Participants
• Securities Market Intermediaries
• International Financial Services Centres Authority (IFSCA)
• Part II – Securities Laws
• Issue of Capital and Disclosure Requirements
• Share-Based Employee Benefits and Sweat Equity
• Issue and Listing of Non-Convertible Securities
• Listing Obligations and Disclosure Requirements (LODR)
• Substantial Acquisition of Shares and Takeovers – Concepts
• Prohibition of Insider Trading
• Prohibition of Fraudulent and Unfair Trade Practices
• Delisting of Equity Shares
• Buy-Back of Securities
• Mutual Funds
• Collective Investment Schemes
• Case Study Based Questions (Dedicated Chapter)
• Each chapter integrates statutory concepts with their exam-tested application, ensuring that students learn law in the exact context in which it is examined

The book is strategically structured to maximise exam preparedness:

• Chapter-wise Logical Sequencing is aligned strictly with the ICSI syllabus
• Question → Answer → Application Flow, reinforcing exam temperament
• Embedded Marks Intelligence at the chapter level
• Trend Tables & Comparative Charts are placed upfront for strategic planning
• Designed to function as:
• A primary practice manual, and
• A high-efficiency revision tool before exams