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Christ University Mcom fourth sem syllabus

Christ University Mcom fourth sem syllabus

Christ University Mcom fourth sem syllabus:- we will provide complete details of Christ University Mcom fourth sem syllabus in this article.

Christ University Mcom fourth sem syllabus

4 Semester – 2016 – Batch

Paper Code

Paper

Hours Per
Week

Credits

Marks

MCO411JOURNAL CLUB1125
MCO431INTERNATIONAL BUSINESS43100
MCO432CORPORATE AND ALLIED LAWS43100
MCO433INTERNSHIP AND TEACHING PRACTICES2250
MCO441AADVANCED TAXATION43100
MCO441BMARINE AND LIABILITY INSURANCE43100
MCO442AINDIRECT TAXES43100
MCO442BMOTOR INSURANCE43100
MCO443ACORPORATE AUDITING43100
MCO443BHEALTH AND MISCELLANEOUS INSURANCE43100
MCO481RESEARCH PUBLICATION AND VIVA2250

Christ University Mcom fourth sem syllabus

Christ University Mcom fourth sem syllabus:-MCO411 – JOURNAL CLUB (2016 Batch)

Total Teaching Hours for Semester:17No of Lecture Hours/Week:1
Max Marks:25Credits:1
Course Objectives/Course Description
· Clusters are formed. Each cluster shall comprise of second year MCom and the first year MCom students.

· Within the cluster, teams are formed by the faculty. Each team comprising of three students (one second year & two from first year)

· Each team should select a research article (preferably based on the specialization & Project of the second year student) in consultation with the faculty of the concerned cluster.

· The article should be reviewed by the team and should be presented before the cluster for 25-30 minutes based on the following criteria: introduction of the topic, statement of the problem, objectives, Methodology (research design, sampling techniques, statistical tools and data analysis) and the results/discussion.

· Once the presentation is done the forum is open for discussion and the learning outcome of each article reviewed shall be posted on the journal club blog.

Learning Outcome
Learning to evaluate research articles published critically
Unit-1Teaching Hours:17
CIA – I & 2
CIA 1 (10 marks)

The students will be evaluated on the basis of active contribution to the session by way of discussion and analysis on the current trends in the field of Commerce and Business.

CIA 2 (10 marks)

The students will be evaluated on the basis of group activity which may include case analysis, mock parliamentary sessions, role plays, business quiz etc.

Text Books And Reference Books:

Not Applicable

Essential Reading / Recommended Reading

Not Applicable

Evaluation Pattern

Presentation = 20 Marks

Attendance = 5 Marks

Christ University Mcom fourth sem syllabus:-MCO431 – INTERNATIONAL BUSINESS (2016 Batch)

Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
The course International Business gives the learners a conceptual framework of the global environment in which the companies operate. It gives insights about multinational corporations, foreign trade policies and the various foreign institutions that protect international business.
Learning Outcome
  • To understand the environment in which the organizations operate.
  • To familiarize the students on globalization, multinational corporations and foreign direct investments
  • To help the learners to understand the various theories of international trade
  • Understand the various policies that impel foreign trade.
Unit-1Teaching Hours:10
International Business
Nature, importance and scope; Framework for analyzing international business environment, geographical, economic, socio-cultural, political and legal environment.
Unit-2Teaching Hours:15
Globalization
Globalization – Forces, Meaning, dimensions and stages in Globalization – Kenchi Ohmae Model – Introduction to theories of International Trade by Adam Smith, Ricardo and Ohlin & Heckler Trading Environment of International Trade – Tariff and Non-tariff Barriers – Trade Blocks -Rise of new economies like Japan, South East Asia and BRIC countries
Unit-3Teaching Hours:8
Multinational Corporations
Managing Multinational Enterprises – Problems and Potential – Technology Transfer – host and home country relations – Multinational Service Organizations – Indian companies becoming Multinationals – Potential, Need and Problems
Unit-4Teaching Hours:15
Foreign Trade Policies and Practices
Recent Trends in India’s Foreign Trade, Export and Import Policy, Trade Policy, Balance of Payment, Custom and Tariff Rationalization. Identifying Foreign Markets and Overseas markets, International Marketing Mix, Product Development, Transfer Logistics and Distribution Channels, Role of Documentation in International Trade, Export Pricing, Methods of International Payments
Unit-5Teaching Hours:8
International Capital Movement
Risk in International Operations, International Investment, Financing of Foreign trade, Factor Mobility and Direct Foreign Investment. Export Finance, Pre and post Shipment credit, Introduction to FEMA, Insurance, Role of ECGC and export Promotion Councils, Eurocurrency Market.
Unit-6Teaching Hours:4
International Institutions
Role of International Institutions like GATT, WTO, IMF, IBRD, IDA, IFC, UNCTAD, In International Business, Recent Trends in World trade
Text Books And Reference Books:

1. Dr Subha Rao P, (2008), International Business – Text and Cases, (4 ed.), Himalaya Publishers

Essential Reading / Recommended Reading

1. Sundaram, J & Black, (1995), International Business Environment: Text and case, Prentice Hall of India

2. Bhalla, V K, (2006), International Business: Environment and Management, Anmol Publications

3. Taggart & McDermott, (1995), The Essence of International Business, Prentice – Hall of India

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO432 – CORPORATE AND ALLIED LAWS (2016 Batch)

Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
Company form of organization structure is one of the most complicated structures which require stringent rules and acts for their governance. In India, the Indian Companies Act of 2013 lays down compliances which a Joint Stock Company has to adhere. The various provisions of the Companies Act are constantly reviewed in tune with the changes in national and international scenario. This paper enables students to learn the legalities associated with the Joint Stock Company form of organization and it’s functioning. The paper also focuses on providing an insight in to other related laws like FEMA, Competition Act and Intellectual Property Laws.
Learning Outcome
To gain an in depth knowledge about the benefits and complexities associated with the Company form of organization structure. This course also develops an understanding about other laws in relation to the functioning of a corporate entity. This subject will enable students to delve deeply into aspects of Companies Act 2013 beyond the superficial understanding of a Company in the undergraduate studies and understand the big picture of a corporate world. This subject helps students to focus more on the legal implications associated with the content .i.e. learning newer concepts and the laws pertaining to that concept.
Unit-1Teaching Hours:10
Part A : Company Law, Company
Definition and nature, Types of companies and their incorporation , Memorandum and Articles of association and their alteration, Comparative study of the suitability of a Private Limited ,Public limited and an unlisted company for a Promoter.
Unit-2Teaching Hours:10
Concept of Capital and Financing of Companies
Sources of capital, Types of shares, Equity with differential rights, Procedure connected with bonus issues; rights issues; issue of sweat equity , Employees stock option , Private placement and Buy back of shares, Red Herring Prospectus- meaning, contents, Book Building process, Contents of a prospectus- Misrepresentation in a prospectus. Prospectus and its role in resource mobilization .
Unit-3Teaching Hours:10
Company Management And Corporate Governance
Directors and Managerial Personnel, Appointment, Qualifications, Remuneration, Vacation of office, Retirement, Removal, Loans to directors, Powers and Duties, Office or Place of Profit, Contracts in which directors are interested, Role of Managing ,Executive ,Non-Executive and Independent Directors in a company, Board Meetings and Procedures, Powers of Board, Corporate Governance and Audit Committee, Inspection and Investigation, Prevention of Oppression and mismanagement
Unit-4Teaching Hours:10
Corporate Restructuring and Winding up
Meaning of corporate restructuring, Need, Scope and Modes of restructuring, Mergers and Amalgamations: Meaning and concept, Legal, Procedural, aspects of mergers and amalgamations, Takeovers :Meaning and concept, Types of takeovers, Legal aspects, SEBI takeover regulations, Procedural aspect of Demerger and Reverse Mergers, Concept of Demerger, Modes of Demerger, Reverse Mergers – Procedural aspects and tax implications, WINDING UP: Concept, modes of winding up; administrative machinery for winding up, Detailed study of Winding up process and procedure.
Unit-5Teaching Hours:6
Part B : Allied Laws, Foreign Exchange Management
Objectives and definitions under FEMA, Current account transactions, Capital account transactions, Foreign Direct Investment in India and abroad, Acquisition and transfer of immovable property, Establishment in India of branch ,Export of goods and services, Realization and repatriation of foreign exchange, Authorized Person, Penalties and enforcement, Foreign contributions, Exemptions, Powers of Central Government, adjudication and appeal, Offences and Penalties.
Unit-6Teaching Hours:6
The Competition Act 2002
Competition – Meaning, objectives, extent and applicability, Competition Commission Of India, Areas affecting competition, Other matters, Competition Act 2002 and Corporate Governance
Unit-7Teaching Hours:4
Intellectual Property Laws
Concept and development of intellectual property law in India, Violation of IP law, Penalty under Indian Penal Code, Decision to create or buy IP and IP rights in India
Unit-8Teaching Hours:4
Contemporary organization structures
Limited Liability Partnership, One-man Company, Private-Public-Partnership
Text Books And Reference Books:

Singh,A (1989), Company law (9th ed.), Eastern Book Company

Essential Reading / Recommended Reading

1. Datey V.S, (2003), Students Guide to Corporate Law, Taxmann Allied Services (P) Ltd

2. Kapoor N D & Dinkar Pagare (2006), Business law and Management (3rd ed.),S Chand

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO433 – INTERNSHIP AND TEACHING PRACTICES (2016 Batch)

Total Teaching Hours for Semester:30No of Lecture Hours/Week:2
Max Marks:50Credits:2
Course Objectives/Course Description
Assessment Pattern For Teaching Practice

· Thirty hours of teaching assignments for B.Com shall be undertaken by each student during the 3rd and 4th semester

· Each student shall be under the supervision of a faculty mentor /guide.

· The 30 hrs may be distributed among 3 or 4 subjects, which shall be a combination of theory and problem based papers.

· A Structured Plan stating the Topic, Objectives, Methodology and Evaluation shall be prepared in advance by the student for each class session and submitted to the faculty mentor/guide.

· Faculty guides shall maintain an assessment register for their respective students and record assessment for each session on the given parameters.

Learning Outcome
Learns about industries through handon experience

Learns to teach in a classroom

Unit-1Teaching Hours:30
Internship & Teaching Practice
Learning how Industries operate in real world

Gaining hand on experience in teaching Undergraduate Students

Text Books And Reference Books:

Not Applicable

Essential Reading / Recommended Reading

Not Applicable

Evaluation Pattern

Assessment Criteria:

No.CriteriaMarks
1Preparation of the material, its content, coverage & quality25
2Presentation

-Contents

-Confidence

-Convincing

20
3Summation Question Answers5
Total50

Total marks cumulated as 1500 for 30 hours will be converted into 50 marks.

MCO441A – ADVANCED TAXATION (2016 Batch)
Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
It primarily deals with various tax incentives given to SEZ and assessment of various entities. It prepares students with Income Tax Act on aspects of returns assessment and penalties. It provides thorough knowledge of various concepts and their application relating to assessment of companies, tax implications of business restructuring, advance tax and taxation of international transactions.
Learning Outcome
  • To familiarize of various tax incentives and benefits under Income tax Act
  • To enable students to gain knowledge on assessment of companies.
  • To provide knowledge on aspects of returns, assessment, penalties.
Unit-1Teaching Hours:6
Exempted Income of Specific Assesses
Exemptions for Undertakings in Free trade zones, Units in Special Economic Zones, 100% EOU, Industries exporting certain articles/things, Undertakings in North eastern regions. (sec 10A, 10AA, 10B, 10BB, ). Charitable Trusts: Conditions, Registration, income exempted, Non applicability (Sec 11, 12, 12AA & 13), Income of political parties (Sec 13) (Simple problems)
Unit-2Teaching Hours:12
Assessment of Companies
Assessment of Companies – Definitions, Carry forward and set off of losses, Minimum Alternate tax, Credit of MAT, Corporate dividend tax, Tax on income distributed to unit holders of UTI or mutual funds. Computation of total income and tax liability and interest liability, liability of liquidator, liability of directors of private company.
Unit-3Teaching Hours:12
Business Restructuring
Restructuring of business; amalgamation, demerger, conversion of sole proprietor business into company, conversion of firms into companies, slump sale, transfer of assets between holding and subsidiary company, conversion of private company / Unlisted public company into LLP.
Unit-4Teaching Hours:8
Return of Income, assessment and Legal Provisions
Return of Income and assessment – PAN, Obligation to file, Types of returns, Self-assessment, Regular Assessment, Best judgment assessment, Income escaping assessment, assessment of Search Cases – Search and seizure, applicability of scheme, block period, undisclosed income, Procedure for assessment, Rate of tax, interest and penalty, time limit, appeal. Penalties and prosecutions-Concept of Mens-rea, Penalties, power to reduce penalties, procedure, compounding of offence, prosecutions.
Unit-5Teaching Hours:8
Tax Deduction and collection at source
Scheme of tax deduction at source, Deduction of tax from salary, Interest on securities, Interest other than interest on securities, Winning from lotteries, Horse races, contractors, insurance commission, sports association, rent, professional or technical services, payment to non residents, TDS on long term capital gain.
Unit-6Teaching Hours:8
Taxation of international transactions
a) Income from international transactions, Arms length price and transfer pricing. Refunds, Advance Rulings, Purchase of immovable properties by Central Government Mode of acceptance and repayment of loans, Void Transfers.

Double Taxation relief, appeals, revision and reference- Agreement with foreign countries, countries with which no agreement exists. First appeal, Appellate Tribunal, appeals to Appellate tribunal, High court, Supreme court, revision by Commissioner.

Unit-7Teaching Hours:6
Tax Planning
Meaning of tax planning, Difference between tax planning, avoidance and evasion, Tax Planning with reference to setting up of new business, financial management decisions, specification managerial decisions.
Text Books And Reference Books:

1. Vinod,K.Singhania. (2016). Direct Taxes-Law && Practice. Taxman Publication.

2. Mehrotra, H.C.(2016). Income Tax Law and Accounts Including Tax Planning: Sahitya Bhawan publications.

3. Narang. & Gaur. (2016). Income Tax. Himalaya Publication House.

Essential Reading / Recommended Reading

1. Prasad, B. (2016). Direct Taxes-Law & Practice. Wishwa Prakashana.

2. T.N.Manoharan. (2016). Students Handbook on Income Tax Law. Snow White Publication

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

MCO441B – MARINE AND LIABILITY INSURANCE (2016 Batch)
Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
This course is designed to provide students with a conceptual understanding of the concepts pertaining to Marine insurance and Liability Insurance, the common Law and Statutory Law and the latest enactments arising out of the developments in the society. The course also intends to provide knowledge on Principles of Marine Insurance and different categories of Marine policies and the process of insuring marine losses.
Learning Outcome
· To make students demonstrate clear understanding about different concepts under marine insurance like perils, claims and compensation

· To familiarize students with the different ways of insuring marine losses.

· To enable the students to have in-depth knowledge about the concepts of Legal liability

· To demonstrate an understanding of the latest enactments in the society.

To familiarize the students with the principles and practices adopted by insurers in the class of insurance, that deals with legal liability.

Unit-1Teaching Hours:3
Part A: Marine Insurance Unit 1: Basic Concepts:
Evolution and need for Marine Insurance – Various Acts to regulate the Marine Insurance Market – Organization of Llyods – International Maritime Bureau – Tariff Advisory Council – General Insurance council – General Insurance Corporation of India – Marine Insurance Act.
Unit-2Teaching Hours:3
Fundamental Principles:
Fundamentals of Principles guiding the Marine Contract- Warranties – Utmost Good faith – Insurable Interest – Reinsurance – Assignment and passage of interest in Marine Insurance – Indemnity – Valued and Unvalued Policies – Subrogation – Abandonment – Contribution – proximate cause.
Unit-3Teaching Hours:3
Arranging for Insurance(Cargo):
Proposal Form – factors for acceptance –Type of Vessel – The Voyage or Transit – Type of Cargo – Packing forms – Containerization – Conditions of Insurance – Inco Terms – Declaration Forms – Marine Cover Note – Policy Form – endorsements – Container Transport.
Unit-4Teaching Hours:3
Cargo Insurance Coverages Part 1:
Rules of Interpretation –Stamp Duty for Cargo Policies – Risks covered by Institute Cargo Clauses (A)/(B)/(C) – Exclusions – Duration of cover – Termination of contract of carriage – Institute War Clauses – Institute Strikes Clauses – Sea/Air – Registered Mail and Postal Sending by Air – Institute Replacement Clause – Pair and Set Clause – Cutting clause- label clause –Picking Clause – Garbling Clause – Cargo ISM Endorsement –Loading /Unloading Clause.
Unit-5Teaching Hours:3
Cargo Insurance Coverages Part2:
Institute Trade Clauses–Institute Commodity Trade Clauses – Institute Coal clauses – Institute Jute Clauses – Institute Bulk Oil Clauses – Package Policy For Coffee – Package Policy for Cardamom Estates – Package Policy for Rubber Estates – Tea Crop Insurance – Cargo in sailing vessels Inland transit Clauses 9Rail /Road)-(A)/(B)/(C) – Container Insurance – Limits Clause.
Unit-6Teaching Hours:3
Types of Covers:
Specific Policy – Open covers – Declaration of Consignments – Open Policies – Annual Policy – Duty and Increased Value Insurance – Insurance on FOB terms – Shut out Cargo – Exports incentives Insurance – Sellers Interest Contingency –Special Storage risks Insurance –Package Policy under Duty Exemption Scheme –Scope of Cover – Multi Transit policy – Stock Throughput Insurance policy – Sales turnover Insurance – Marine (Advance) Loss of profits Insurance – Buyer’s Contingency Insurance –Important Conditions – Difference in conditions cover – Freight Contingency Insurance- Strikes expensive /war expenses.
Unit-7Teaching Hours:3
Hull Insurance – Part 1:
Classification of Vessels – Indian register of Shipping – Types of vessels –Types of Policies – Institute Time Clauses –Hull – Perils covered – Pollution Hazard – Duty of the Assured (Sue &Labour) – Collision Liability – Sistership – Deductible – Notice of claims – Disbursements Warranty – Termination – Perils – Pollution Hazard –Class ISM – Optional covers –Institute Voyage Clause –Insurance of Freight – Time and Voyage freight clauses –Valued and unvalued Policies – Loss of freight – Loss of Time clause – Claim documents – Port risk insurance – Institute Fishing Vessels Clause – Protection & indemnity Associations.
Unit-8Teaching Hours:3
Hull Insurance – Part 2:
Hull proposal form – details of the vessel –trade details – documents – Valuation of ship – Classification of vessels – Rating factors – Hull initial rating – Renewal rating – Risks with adverse underwriting features – Warranties – Insurance of Fishing vessels – conditions of Insurance – insurance of sailing vessels – Insurance of Inland Vessels – Damage Cargo – Salvage Loss – Insurance of dredgers.
Unit-9Teaching Hours:3
Marine Claims:
Actual Total Loss – Constructive Total loss – Particular Average – Damage Cargo – Salvage Loss – General Average Loss – Sue and labour charge – Particular Charges – Salvage charges –Forwarding Charges – Extra Charges – Cargo Claims – Procedures – Intimation of Claim – Insurance Surveys – Claims Payable Abroad – Recoveries from third parties – Hull Insurance Claims –Total Loss – Partial loss – Particular Average – General Average – Salvage charges – Sue and labour Charges – Collision Liability –Claims of Ocean going vessels –fishing vessels –sailing vessels –inland vessels – General Average –Application of insurance to G.A Contribution and G.A Sacrifice- Adjustment of General Average – Salvage liability.
Unit-10Teaching Hours:3
Marine Recoveries:
Marine recoveries from third parties – Indian Carriage of Goods by Sea Act –Shipowner’s responsibility, liabilities/rights and immunities – Notice of loss or damage – Time limit for legal action – Carriage of goods by Rail – Rights /Liabilities of Railway Authorities Notice of Claim for Compensation – Carriage of goods by Road Act – Carriage by goods by Air – Multimodal transportation/responsibilities/liabilities/limits – Liabilities of Port Authorities – major and other ports – Postal Authority – Customs –Salvage Disposal.
Unit-11Teaching Hours:3
Role of Bankers in marine Insurance:
Methods for payment in International trade – Consignment purchase – Down payment – Open account – Documentary Collections – Letter of Credit – detailed working procedure – Uniform customs and practices for Documentary Credits – Signatories –Cover note – Insurance Documents and Coverage – Currency of coverage – amount of coverage – port to port cover – excess/franchise.
Unit-12Teaching Hours:3
Loss Prevention, Reinsurance, Maritime Frauds:
Cargo Loss control and prevention – Theft, Pilferage and Non – Delivery – Handling and Stowage damage – Water damage – Multi Modal containerization –its inspection and packing and stowing of cargo – Reinsurance of Marine cargo and hull risks –Methods of Reinsurance–Proportional – Facultative – Quota share Treaty – Surplus Treaty – Non proportional – Excess of loss – Stop loss – Pooling arrangements – Alternative risk transfer – Common Reinsurance Programme – Maritime frauds – Scuttling frauds –Documentary frauds – Cargo thefts – Charter Party Fraud – Piracy – Maritime fraud – Scuttling Frauds – Documentary Frauds –prevention in cargo and hull insurance.
Unit-13Teaching Hours:2
Part B: Liability Insurance Unit 13: Introduction:
What is Liability – Classification of Legal Liability – Historical Background – Basic Principles of Insurance – Scope of Liability Insurance – Special Features of Liability Insurance
Unit-14Teaching Hours:2
Legal Background:
Common Law & Statutory Law – Negligence – Duty of Care – Injury or Damage – Causal Connection Between Breach & Injury – Onus of Proof – Employer’s Liability for Negligenceof Employee – Principal’s Liability for Negligence of Contractor – Fatal Accidents Act, 1855 – Damages – Property Damage – Punitive Damage – Structured Settlements – Defences – Nuisance – Law of Strict Liability – Law of Absolute Liability – Law of Limitation – Directors’ &Officers’ Personal Liability – Statutory Liability – The Public Liability Insurance Act 1991 & Other Statutes i.e. Water (Prevention & Control of Pollution) Act 1974, Air (Prevention & Control of Pollution) Act 1981, The Environment (Protection) Act 1986, The Factories Act 1948, The Central Motor Vehicles Rules 1989 & 1993, The Consumer Protection Act 1986,
Unit-15Teaching Hours:2
Liability Underwriting:
The Underwriting Process – Identification & Evaluation of Physical Risks and Legal Risks – Liability Policy Operative Clause – Advantages and Disadvantages of Losses Occurring Basis and Claims Made Basis Policies – Defense Costs and Expenses – Admitted and Non – admitted Policies – DIC & DIL Policies – Umbrella Policies – Rating Guidelines – Structuring a Liability Programme
Unit-16Teaching Hours:2
Statutory Liability:
Compulsory Public Liability Insurance – The Public Liability Insurance Act 1991 – No Fault Liability – Compulsory Insurance – Claims Procedure – Policy Coverage – The National Environment Tribunal Act 1995 – Employer’s Liability Insurance – The Workmen’s Compensation Act 1923 – Policy Form, Rating, Proposal Form & Claims – ESIS – The Minimum Wages Act – Carrier’s Legal Liability Insurance – Multimodal Transport Operator Liability Insurance – Rating
Unit-17Teaching Hours:2
General Public Liability (Industrial/Non-industrial):
Categorisation of Industrial & Non-industrial –Important Clauses, Exclusions and conditions of the Policy – Extensions of Coverage for Industrial & Non-industrial policies – Proposal Forms and Specific Questionnaires for different Risk Categories – rating
Unit-18Teaching Hours:2
Products Liability Insurance:
Legal Background – Tort Liability – The Consumer Protection Act 1986 – Product Liability Insurance Policy – Special Clauses, Exclusions and Conditions – Risk Assessment – Underwriting & Rating – Extensions of Coverage
Unit-19Teaching Hours:2
Professional Indemnities:
The Need for Professional Indemnity Insurance – Policy Forms, Exclusions Conditions & Proposal Forms for Doctors & Medical Establishments, Chartered Accountants / Financial Accountants / management Consultants / Lawyers / Advocates / Solicitors / Counsels / Consulting Engineers / Architects / Interior Decorators / Insurance Brokers – Rating
Unit-20Teaching Hours:2
Commercial General Liability:
Demand for the Commercial General Liability Insurance – Policy Structure & Coverage – Section I: A. Bodily Injury & Property Damage Liability, B. Personal & Advertising Injury Liability, C. Medical Payments – Section II: Insured Defined – Section III Limits of Liability – Section IV Conditions – Section V Definitions – Proposal form – Rating
Unit-21Teaching Hours:2
Directors and Officers Liability:
The Need for D&O Insurance – Policy Coverage – Exclusions – Claims Conditions – Policy Extensions – proposal Form – Rating
Unit-22Teaching Hours:2
Other Policies & International Practices:
Errors & Omissions Liability – Clinical Trials Liability – Cyber Crime Liability – Stockbrokers’ Liability – Practices in the U K & U S A Markets – Pollution Coverage, Professional Indemnities – Other Policies
Unit-23Teaching Hours:2
Claims:
Common Features of Liability Claims – Claim Form for Public / Product Liability Claims – Investigation – Settlement – Claims Procedure under Compulsory Liability Policies – Workmen’s Compensation Claims
Unit-24Teaching Hours:2
Reinsurance:
Need for Liability Reinsurance – Methods of Reinsurance – Facultative – Treaty – Excess of Loss Reinsurance – Stop Loss (Excess of Loss Ratio) Reinsurance.
Text Books And Reference Books:

Marine Insurance:

1. The Principles of marine Insurance by A Primer by Harold Turner

2. Controlling Cargo theft by TyskaFennely,

3. Inland Marine Insurance –Roderick McNamma,

4. Arnould on the law of Marine Insurance by Lord Chobley.

Liability Insurance:

1. Property and Liability Insurance Handbook, John Long & Davis Gregg

2. Commercial Liability Insurance and Risk Management, Donald Malecki, Ronald Horn & Eric

3. Liability Insurance Claims, Kenneth Cannar

4. Public Liability Insurance, J.B Welson

5. Insurance of Public Liability Risks, SV Kirkpatrick

Essential Reading / Recommended Reading

Marine Insurance:

1. The Principles of marine Insurance by A Primer by Harold Turner

2. Controlling Cargo theft by TyskaFennely,

3. Inland Marine Insurance –Roderick McNamma,

4. Arnould on the law of Marine Insurance by Lord Chobley.

Liability Insurance:

1. Property and Liability Insurance Handbook, John Long & Davis Gregg

2. Commercial Liability Insurance and Risk Management, Donald Malecki, Ronald Horn & Eric

3. Liability Insurance Claims, Kenneth Cannar

4. Public Liability Insurance, J.B Welson

5. Insurance of Public Liability Risks, SV Kirkpatrick

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO442A – INDIRECT TAXES (2016 Batch)

Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
The subject aims to facilitate the students by providing specialized and updated knowledge in the area of Indirect Taxes in a systematic manner and enhancing analytical and problem solving skills for decision making.

Syllabus is divided into Four parts as Part I – Central Excise (19 Hours & 35 Marks), Part II – Service tax & Cenvat Credit (19 Hours and 35 Marks), Part III- Customs (10 hours & 15 Marks, Part IV – Vat & Profession Tax ( 12 hours & 15 Marks)

Learning Outcome
  • To have working knowledge of Indirect taxes.
  • To know applications of tax provisions in relating to Central Excise, KVAT.
  • To get knowledge of various tax incentives and benefits under indirect taxes in respect of service tax
  • To gain knowledge on procedural aspects for filing returns for various taxation like VAT, Sales Tax and other statutory compliances.
Unit-1Teaching Hours:2
PART I: Central Excise
Basic overview of Indirect Taxes; Definitions– Adjudicating Authority; Central excise officer; excisable goods; Factory Assessee. Conditions for levy of excise; Charging Section – Sec 3; Central Excise Tariff Act; Schedules of Central Excise Tariff Act.
Unit-2Teaching Hours:3
Manufacture
Detailed study on manufactures including cases. Deemed Manufacture; The following case laws on manufacture: Delhi Cloth and General Mills Ltd, Gujrat Steel Tubes, Kiran Spinning Mills, Aman Marble industries, Gramaphone Recording Company, J.G.Glass industries, Brakes India Ltd. Forms of levies; Types of Duties – Cenvat Duty, Special excise duty; Additional duties; Education cess.
Unit-3Teaching Hours:6
Valuation
Section 4 – Transaction value, requirements for transaction value, packing charges, discount, Taxes, Purchased goods sold with manufactured goods. Central Excise Valuation Rules 2000 including job works. Section 4A – Valuation with reference to retail price. Problems on computation of transaction value and excise duty. Exemption from Excise duty.
Unit-4Teaching Hours:3
Small Scale Industries & Exports
Eligibility; Quantum; option; Cenvat Credit; Value; Brand Name; Clearances. Export procedures; Eligibility; Conditions; Export to Nepal and Bhutan.
Unit-5Teaching Hours:5
Miscellaneous
Person requiring registration; Payment of Duty; Interest; filing of returns; Assessments – Self assessment, Re-assessment (demands of excise), Provisional Assessment; Provisional Attachment; Consumer welfare fund; Punishment; Penalties; Power to arrest; Summons; Special Audit; Basics of appeals, settlement commission and advance ruling.
Unit-6Teaching Hours:3
PART II: Service Tax and Cenvat Credit – Introduction
Constitution, Charging section – Sec 66. Reverse charge – Sec 66A; Liability for payment. Valuation – Sec 67 Service Tax (Determination of Value) Rules, 2006; Rate of Service Tax.
Unit-7Teaching Hours:5
Services Liable for Service Tax
Taxable service & definition pertaining to Banking and Financial Services, Consulting Engineers, Franchise Service, Commercial Training & Education, Management consultant, Chartered Accountant, Interior Decorator, Manpower recruitment or supply agency, Renting of Immovable property, Business Auxiliary Service, Business Support Service, security agency. Services on which abatement available.
Unit-8Teaching Hours:3
Miscellaneous
Exemptions; Small Service Providers; Payment of Service tax – Sec 68; Furnishing of returns – Sec 70; Penalty u/s 76, 78 & 80; Small service providers; Exempted Services.
Unit-9Teaching Hours:8
Cenvat Credit
Concept of Cenvat Credit. Cenvat Credit Rules, 2004. Definitions – Capital Goods, Exempted Goods, Exempted Services, Input,Input Service. Duties eligible for claiming credit, Conditions for claiming credit. Refund of Cenvat Credit. Credit in case of dutiable and exempted goods, taxable and exempted service. Records to be maintained. Problems on computation of net excise duty or service tax.
Unit-10Teaching Hours:2
Part- III: Customs – Introduction
Levy, Definitions, Types of Duties, Export Duty Classification
Unit-11Teaching Hours:3
Valuation
Analysis of Section 14, Rate of exchange, Tariff value, Customs Valuation Rules 2007.
Unit-12Teaching Hours:5
Import, Exports and miscellaneous
Rate of Duties, Import and Export procedure, Bill of Entry, Assessments, Examination, Provisional assessment, Re-import. Baggage. Baggage Exempt, Personal effects, Tourist. Goods damaged, lost, destroyed or abandoned. Exemption. Interest & Demands.Duty Draw back. Basics of warehousing. SEZ. Powers and penalties.
Unit-13Teaching Hours:10
Karnataka Value Added Tax
White Paper on Vat; Introduction to KVAT Act, 2003; Definitions – Agriculture, Agriculture produce, Business, Capital Goods, Dealer, Goods, Sale, Turnover, Total turnover, Taxable turnover; Charging section – Sec 3; Liability to tax and tax rates – Sec 4; Exemption – Sec 5; Output tax, Input tax, net tax – Sec 10; Input credit restrictions – Sec 11; Deduction of Input tax on capital goods –Sec 12; Registration – Sec 22 to Sec 28 (Basics only); Returns – Sec 35; Simple problems on computation of taxable turnover and net tax liability
Unit-14Teaching Hours:2
Profession Tax
Chargeability, Persons liable, Registration, Slabs of Profession tax, Payment, Returns.
Text Books And Reference Books:

1. Datey, V.S: Student’s Workbook on Indirect Taxes, Taxman Publications Private Limited 2008. New Delhi.

2. Datey, V.S: Indirect Taxes Law and Practice, (2008), Taxman Publication, New Delhi.

3. Vaitheeswaran, K: Student’s handbook on Indirect Taxes, (2012) Snow white Publications, New Delhi.

Essential Reading / Recommended Reading

1. Central Excise Act 1944.

2. Commentary on KVAT – KLJ Publications.

3. Customs Act 1962.

4. Finance Act 1994.

5. KVAT Act 2003.

6. Latest Updates and amendments on Indirect taxes by Tax Department, Government of India

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO442B – MOTOR INSURANCE (2016 Batch)

Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
This course is designed to provide students with conceptual knowledge about the Law and Practice of Motor Insurance in India. Broadly classified into Own Damage Insurance and Third Party Insurance, the course comprises of Motor-Vehicles act, classification of vehicles, underwriting process, motor insurance claims, third party claims and Quantum fixation.
Learning Outcome
· To help students understand the applicability of Principles of Insurance in Motor insurance.

· To make students understand the legal framework under which motor insurance operates.

· To enable students to understand the ways vehicles can be insured and the process of underwriting in Motor insurance

· To help students understand the concept of third party insurance process and claims management.

To familiarize the students with various legal provisions available for filing and defending accident cases.

Unit-1Teaching Hours:6
Part I: Own Damage Insurance
Introduction to Motor Insurance: History of Motor Insurance – Law and Practice of Motor Insurance in India – Applicability of Principles of Insurance – Total Loss (TL) / Constructive Total Loss (CTL) / Theft Claims – Legal Aspects of Insurance – Act No. 59 of 1988 (The Motor Vehicles Act, 1988) – to disqualify from holding a driving licence – Third Party and Own Damage Insurance – Definition of Permit – Types of Permit and its Condition – permits for Passenger Vehicles – Licencing of Drivers – Section 10: Contents of Driving Licence – Section 13: Extent of effectiveness of Licence – Section 14: Currency of Driving Licence – Section 15: Renewal of Driving Licence – Section 19: Disqualification for holding a Licence – Procedure for Accreditation of Bus Body Builders – The Motor Vehicles (Amendment) Bill, 2008 – Part B: Key Issues and Analysis.
Unit-2Teaching Hours:6
Marketing in Motor Insurance:
Motor Third Party Pool – Dysfunctional Motor Market – Motor Third Party Pool – Review of Pool – Knock for Knock Agreement – International Issues in Insurance Markets – International Translation of Driver’s License – Some Market Practices.
Unit-3Teaching Hours:6
Type of motor vehicles, documents and policies:
Types of Motor Vehicles – Meaning and classification of motor vehicles – Motor insurance documents – Proposal form – Proposal form for ‘Liability Only Policy’ – Certificate of Insurance – Cover Note – Policy forms – Endorsement – Renewal notice – E-insurance to come into existence from next year – Types of Motor Policies – Coverage for motor policies – Coverage for Private Car – Coverage for Two Wheeler – Coverage for Commercial Vehicles – Motor trade policies – Motor Trade Internal Risks Policy – New technologies – In-car Technologies – New technology in auto field.
Unit-4Teaching Hours:6
Underwriting in Motor Insurance:
Market practice of Motor Insurance in India – Caveats for filing add-on covers – Guidelines applicable in India – India Motor Tariff 2002 – Amendments subsequent to discontinuance of tariff – Tariff system after detariffing – International practice in motor insurance rating – Underwriting in motor insurance – Principles and practice of premium computation – Introduction – Indian Motor Insurance market – Model wise Risk assessment – Motor Underwriting.
Unit-5Teaching Hours:6
Motor Insurance Claims:
Motor Insurance Claims – Doctrine of cause of Accident – Motor Insurance Claims Procedures – Claim Documents – Types of Losses – Various Causes of Accident – Salvage/Scrap Disposal – Accident Repairing Cost – Compensation for Third Party Injury or Property Damage – The Consensus vs. Scientific Approach – Science of Damage Estimation and the Technology Support – Surveyor and His role in Loss Minimisation – Role of Surveyor – Steps in Motor Survey – Guidelines on Automobile Survey – Role of Motor Surveyor in Loss Minimization – Role of Road Safety in Insurance – Concerns of Community – Road Safety Promotion by Insurance – Causes of Accident – Role of Fleet Operators – Transport Development Council – Roadside Assistance – Exclusions in Road Side Assistance – Frauds in Motor OD Claims – Seamless Claims Management – Frauds in motor insurance – Way to Mitigate Frauds.
Unit-6Teaching Hours:5
IT Applications in Motor Insurance:
Importance of Analytics and IT Intervention – IT Intervention and Competition – IT Intervention and Data Analytics – Need for and Importance of Statistics – TAC as Data Depository – TAC as National Repository for Statistical Data.
Unit-7Teaching Hours:5
Consumer Delight:
Evolution of Quality Service Concept – Impact of Nationalisation – Objectives of Opening the Insurance Sector – Basic Elements of Customer Service – Regulatory, Statutory, Self and Internal Commitments – Service Gaps in Claims – Current Grievance Redressal Mechanism – Customer Grievance Cells – Need for Insurance Ombudsman – Creating Value Added Services – Customer Experience Management.
Unit-8Teaching Hours:5
Part II: Motor Third Party Insurance
Third Party Liability Insurance: International Legal Scenario in Motor insurance – Third Party Claims Management in India – Statutory Liability in Motor Portfolio – Modification in Doctrine of Uberrimae Fides – Insurable Interest – Principle of Subrogation – Non-applicability of Principle of Contribution to Third Party Liability – Doctrine of Causa Proxima – Necessity for Third Party Insurance – Exemptions – Requirements of Policies – Duty of Insurers to Satisfy Judgments – Rights of Third Parties against Insurers on Insolvency of the Insured – Settlement between Insurers and Insured Persons – Effect of Death of Insured Person – Duty to Furnish Information – Liability without Fault – Hit and Run Accident – claim of Compensation – Doctrine of Res Ipsa Loquitur – Defences’ against Negligence – Vicarious Liability – Contributory and Composite Negligence – Contributory Negligence – Composite Negligence – Sovereign Immunity – Effect of Criminal Trial before MACT – Legal Representatives – Definition of Legal Representative – Legal Representative and Dependency – Dependency under EC Act 1923 – Jurisdiction of Civil Courts – Motor Accidents Claims Tribunals – Beneficial Legislation – Jurisdiction of Claims Tribunal – Forum Shopping – Parties to the Claim Petition – Duty to satisfy Judgments – Vigilance by Insurers – Alternate Methods of Settlement – Conciliatory Committee – Joint Compromise Petition – Jald Rahat Yojna – Consensual Adjudication – Lok Adalat – Solatium Fund – Principles of Damages – Quantification of Compensation – Kinds of Damages – Assessment of Injury Claims – Guidelines for Assessment of Permanent Disablement – Quantum and the Concept of Justness – Selection of Multiplier – Award of Rate of Interest – Defenses available to Insurers – Ground to Contest – Notice through the Court to Insurer – Conditions Precedent – Insurer is to be made a Party – Defences for Insurance Companies – Breach of Policy Conditions – Who is a Third Party – Liability of insurer for driver of vehicle – Dishonour of Cheque – Valid Driving Licence – Author’s Note – Limit of Liability.
Unit-9Teaching Hours:5
Procedures For Filing And Defending:
Legal Provisions and Jurisdiction of Civil Courts – Procedure for Filing and Defending – Steps to be taken in Third Party Motor Accident Cases.
Unit-10Teaching Hours:5
Quantum Fixation:
Assessment of Compensation – Types of Damages – Damage to Third Party Property – Option to choose Jurisdiction – Impact of Interest Rate on Multiplier – Discounting on Various Imponderables – Hybrid Method – No Fault Liability – Structured Compensation Method – Hit-And-Run Motor Accidents – Comparison with Section 166 – Case Studies for Damages to Non-earning Members – Treatment of Interest.
Unit-11Teaching Hours:5
Fraud Management and Internal Audit:
Frauds in TP Claims – Frauds in Motor Insurance – Types of Fraud – Underwriting Frauds – Methods of Detection of underwriting fraud – Frauds Committed with Internal Support – Preventive Management of Fraud Cases – Issues to be Audited.

Annexure A: Legal aspects of Third party claims: Legal aspects of Third Party Claims – Negligence – Liability when policy is not in existence – Documents produced and proved – Statutory Liability vis-a-vis A Third Party Liability u/s 147 and 149 of the 1988 Act – Liability of Insurers to Drivers and Passengers – No Liability for Owner-Driver – Need for Driving Licence – Breach of Conditions of Contract – Compensation can be Assessed in Mact as per EC Act 1923 – Liability of the Insurer with regard to Passenger Carried in Goods Carrier – Liability in regard to Goods Carrier – Definition of Goods Carriage as per new Act.

Annexure B: Important Decisions on Motor Vehicle Act: Important decisions on Motor Vehicle Act – Transfer of vehicle – Driving licence – Insured declared value – Use of vehicle – Public place – Determining annual income – Computation of compensation – Demand to supply insurance particulars – Liability to employees and others – Collision between two vehicles – Preliminary objection – Computation of compensation and mode of payment – Condonation of delay – No fault liability – Payment of premium – 64 VB Advance payment of Premium – Passengers of goods vehicle – Driver’s injury/death due to his own negligence – Law prevailing at the time of accident – Quantum & liability – Interest – Duty of police officer & tribunal (Sec. 158 and 166) – Tribunal’s power of review – Binding precedent – Pay and Recover by insurer.

Text Books And Reference Books:

1) IC72- Reading material of Insurance Institute of India

2) Motor Accidents and Motor Insurance- claims assessment of compensation, Utpal Ranjan Sarkar, Allahabad sodhi publication: 2004

3) Law Relating to Motor Accident Claims – A Ready Referencer with Latest Judgments, Justice J.R.Midha, Jain Book Agency, 2013

4) Liability of INSURER – Under the Motor Insurance (Extent and Limit of Insurance Company), S.P.Singh Parmar & U.R.Sarkar, Jain Book Agency, 2014

Essential Reading / Recommended Reading

1) IC72- Reading material of Insurance Institute of India

2) Motor Accidents and Motor Insurance- claims assessment of compensation, Utpal Ranjan Sarkar, Allahabad sodhi publication: 2004

3) Law Relating to Motor Accident Claims – A Ready Referencer with Latest Judgments, Justice J.R.Midha, Jain Book Agency, 2013

4) Liability of INSURER – Under the Motor Insurance (Extent and Limit of Insurance Company), S.P.Singh Parmar & U.R.Sarkar, Jain Book Agency, 2014

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO443A – CORPORATE AUDITING (2016 Batch)

Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
This course highlights the significance of an Auditor’s role and position in a Joint stock company. The course will help students to understand the role and importance of an auditor and his expertise for an equity shareholder of a company and all other stake holders.
Learning Outcome
· To equip students with knowledge and understanding of the audit process when performing the audit of financial statements including consideration of other issues relating to provisions of audit-related and assurance services.

· To enable the students to understand the procedures of auditing of a Joint Stock Company entity.

· To know the role played by an Auditor while auditing a Company and the Audit standards to be followed.

· To provide an understanding of the audit procedures.

Unit-1Teaching Hours:8
Auditing Standards, Statements and Guidance Notes
Auditing and Assurance Standards (Standards of auditing): Introduction; Auditing and Assurance Standard Board – scope and functions; Standard setting process, Role of International Auditing and Assurance Standard Board.

Statements and Guidance Notes on Auditing issued by the ICAI- Introduction to Standards of Auditing- A brief introduction on all the standards of auditing (only meaning)- Meaning of audit risk and precautions taken by the auditor to minimize audit risk- Cases of audit risk and control by Big 4 firms

Unit-2Teaching Hours:10
Company Auditor: Appointment and Removal
Eligibility for appointment of an auditor: Auditor’s qualification, Disqualification, Appointment of auditor- by directors, by shareholders, by Central Government, by CAG, re-appointment, Ceiling on number of Audits, Remuneration of auditor, term of office Removal of Auditor- Before the expiry of the term, appointment of auditor in place of retiring auditor, filling Casual vacancy- Auditing of a multi-national Company in India and subsidiary company
Unit-3Teaching Hours:12
Rights, Duties, Professional Ethics and Misconduct of a Company Auditor
Powers of an auditor, Duties of an auditor -Duty to report, to enquire, to make statements on additional matters. Other statutory duties, Position of an auditor, Branch audit-, joint Audit and Special Audit- powers of Central Government to order special audit, Liability of company auditor- Civil liability and criminal liability under Companies Act. Principle for professional accountants ; chartered accountant in practice ;associates and fellows; entry of the names in the register; Disabilities ; removal of the names from the register ;professional misconduct-meaning, schedules to the Chartered Accountants Act, 1949 and the Regulations there under procedure of enquiry into charges of misconduct of chartered accountants-legal cases considered.
Unit-4Teaching Hours:6
Audit reporting
Meaning of report- Importance of audit report- Contents of audit report- Types of audit report- clean and qualified report- Disclaimer of opinion- Dual significance of reporting for an auditor as a duty and as a power- parties relying on audit report- Auditor’s responsibility towards various parties- Corporate Governance 2013 norms for an auditor.
Unit-5Teaching Hours:10
Audit of a Government Company and Government departments
Comptroller & Auditor General- Powers- Duties- Appointment of CAG- Independence of CAG-Authority of CAG- Reporting of Audit- Audit of annual accounts of the Government-Compliance audit- Audit of expenditure- Performance audit- Appointment of auditor of Government company and rules applicable- Role of the C&AG in audit of Panchayat Raj Institutions and Urban Local Bodies – Audit of political parties
Unit-6Teaching Hours:8
Tax Audit, Management audit and Cost audit
Tax audit – Meaning of Business or Profession, sales, turnover, gross receipts, Application of Mandatory Accounting Standards to tax audit. Compulsory tax audit u/s 44AB of Income Tax Act 1961, audit for claiming deductions under sections 35AD, particulars required in form 3CD, Audit procedures- E-filing of Tax audit- Management audit- Necessity and significance- Qualifications of a management auditor- steps in management audit- Cost audit- Cost Audit under companies act- necessity- appointment of cost auditor.
Unit-7Teaching Hours:6
Introduction to EDP Auditing
Meaning of EDP in auditing, internal control in EDP environment- different types of control, review of internal control ,techniques for auditing through computer especially CAAT, problems in case of audit of computerized accounts.
Text Books And Reference Books:

1. Gupta, Kamal, & Arora, A. (2013). Fundamental of Auditing. New Delhi: Tata Mc-Graw Hill.

2. Ghatalia, S.V., (2012) Practical Auditing. New Delhi: Allied Publishers Private Ltd.

3. Lawrence, B. S. (2010).Sawyer’s Internal Auditing: The Practice of Modern Internal Auditing, New Delhi: Prentice Hall.Guidance notes issued by ICAI

Essential Reading / Recommended Reading

1. Jha, A. (2014). Auditing and Assurance. New Delhi: Taxmann.

2. Saxena, R. (2015). Priciples and Practice of Auditing. Mumbai: Himalaya Publishing House.

3. Gupta, K. (2014). Auditing. New Delhi: Tata Mc-Graw Hill.

4. Basu, S. (2011). Auditing . New Delhi: Pearson Education.

5. Tandon, B. (2015). Auditing. New Delhi: S.Chandra and Co. ltd.

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 MarksAttendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO443B – HEALTH AND MISCELLANEOUS INSURANCE (2016 Batch)

Total Teaching Hours for Semester:60No of Lecture Hours/Week:4
Max Marks:100Credits:3
Course Objectives/Course Description
This course provides an overview of Health Insurance. The course would acquaint the students appearing for Associate-ship Examination with the evolution and growth of health insurance sector in India, the constitutional provisions in areas of public health and its different financing models. It also provides an insight into the different types of health insurance products, health insurance pricing and the regulatory and legal aspects of health insurance. In addition to this, the course gives an overall view of various insurances that are referred to in the Indian market as Miscellaneous Insurance, Rural Insurance, Non-traditional business, Specialized covers etc. The course intends to provide a general awareness of these insurances. Many of these insurances fall under different genres and are dealt with by experts.
Learning Outcome
· To enable the students to have a strong conceptual background about the different types of health insurance products

· To familiarize the students with the constitutional provisions in the areas of public health and the process of underwriting

· To help students understand the process of reinsurance in health

· To familiarize the students about the concept of miscellaneous insurance and the different types of insurance under this category and the policies regarding reinsurance.

Unit-1Teaching Hours:3
Part A: Health Insurance
Introduction to Health Insurance: What & Why of Health insurance – Evolution and growth of Health insurance in India – Understanding the Health System in India – Constitutional provisions in areas of Public Health – Government Health Dept.at the Central level, State level & District & local levels – Infrastructure of the Health care system – Public & Private Health Centers& Health care providers.
Unit-2Teaching Hours:3
Health financing models and health financing in India:
Health financing models – Financing of Health in India – National Rural Health Mission – Challenges of access to Health care and Service Quality – Health insurance mechanisms & Financial Protection.
Unit-3Teaching Hours:3
Health Insurance Products in India:
Types of Health Insurance Products in India – Hospitalization Indemnity product – Personal Accident products – Critical Illness product – Daily Hospital Cash benefit – Disease management covers – Outpatient covers – Investment products in health insurance & health savings components – Products for senior citizens – Micro-insurance products – International Coverage products – Other specialized health insurance products.
Unit-4Teaching Hours:3
Health Insurance Underwriting: Health Insurance underwriting
What & why of health insurance underwriting –Factors impacting morbidity – Basic principles of underwriting (Uberrimae fide – Insurable interest – Indemnity – Contribution clause – Proximate cause) – Documents used for underwriting – The underwriting process – Numerical Rating method of underwriting – Advantages & Disadvantages of the Numerical Rating Method – Types of underwriting decisions taken – General Exclusions & Standard Exclusions – Group Health Insurance.
Unit-5Teaching Hours:3
Health Insurance policy forms and clauses: Health insurance contracts
Insurance contracts VS other contracts – Proposal forms used in health insurance – Comparison of proposal forms & questionnaires of health insurance with Personal Accident insurance, Life insurance & Group Insurance…Disability benefit plans or Income Protection – Long term care plan – Health Savings / Investment Linked plans – Group Health Insurance Schemes – Commonly used clauses in health insurance – Pre-existing diseases and exclusions – Cancellation Clause – Renewability clause –Standardization of definitions, forms, non-medical expenses in health insurance, standardization w.r.t treatments (STG) .
Unit-6Teaching Hours:3
Health insurance data, pricing & reserving:
Importance and use of data in health insurance for insurers, regulators, government, TPA’s and other stake-holders – Data mandated from insurance companies by regulators – data warehousing –Collection and collation of data – Data interpretation and advanced analysis of data – Insurance Information Bureau – Actuarial function in health insurance companies – Actuarial techniques – Fundamentals of pricing – Claim reserving – Data and data modeling.
Unit-7Teaching Hours:3
Regulatory and legal aspects of health insurance:
Principles and practice of health insurance regulations – Need for regulations in health insurance – Various kinds of risks in health insurance – Regulatory structure – Licensing and registration – Types of regulations – Enforcement of regulations – Monitoring activity by regulators – Prevention of mis-selling – Health insurance regulations in India – Policy holder’s regulation and Grievance redressal system – health insurance for rural and informal sector workers – Role of IRDA in initiatives for standardization – Pre-existing diseases( PED’s) – renewability of health insurance policies.
Unit-8Teaching Hours:3
Customer service in health insurance:
Consumer protection & policy –holder’s protection – Claim servicing – types of cashless claims – Grievance redressal– survey on grievance redressal.
Unit-9Teaching Hours:3
Health Insurance fraud : Introduction
Cause and effects of frauds – Classification of frauds – health insurance frauds Vs general insurance frauds – types of frauds by the consumers – stages of insurance frauds – cash defalcation – types of fraud during in the contractual period and claims stage – methods to combat and mitigate insurance frauds – technology and process interface –Initiatives by IRDA and the industry.
Unit-10Teaching Hours:3
Reinsurance
Definition of reinsurance – utility of reinsurance – health insurance and reinsurance models – products supported by reinsurers – white labeling – social reinsurance – annual reinsurance programme.
Unit-11Teaching Hours:3
Part- B: Miscellaneous Insurance
Personal Accident Insurance: Introduction – Insurance Principles and legal aspects affecting Personal Accident Insurance – Basic Coverage – Additional Benefits – Exclusions – Conditions – Underwriting Considerations – Rating – Claims procedure – Legal Aspects of Personal Accident Insurance – Group Personal Accident Insurance – Types of Personal Accident Insurance.
Unit-12Teaching Hours:3
Burglary Insurance:
Introduction – Different IPC Sections and their relevance to Burglary Policy – Coverage – Exclusions – Conditions – Extensions – Underwriting Considerations – Rating Pattern – Claims Procedure – Investigation – Assessment – Types of Burglary Covers – Present day market scenario and demands.
Unit-13Teaching Hours:3
Money Insurance
Introduction, Coverage, Special features, Exclusions, Conditions, Underwriting considerations, Rating Pattern, Claims Procedure.
Unit-14Teaching Hours:3
Fidelity Insurance:
Introduction, Coverage, Exclusions, Conditions, Underwriting Considerations, Rating Pattern, Claims Procedure, Types of policies – Court and Government Bonds – Commercial Guarantees.
Unit-15Teaching Hours:3
Bankers Indemnity and Jewelers Block Insurance:
Introduction – Coverage, Exclusions – Conditions – Special features – Underwriting Considerations – Rating pattern – Claims procedure.
Unit-16Teaching Hours:3
Other Miscellaneous Policies: Pedal Cycle Insurance
Plate glass insurance – Missing Documents Indemnity – Neon Sign Insurance – Blood Stock (Horse) Insurance – Pet Dog Insurance – Sports Insurance etc.
Unit-17Teaching Hours:3
Package Policies: Shopkeepers Package (Evolution and basic details)
Doctors Package –Office Protection – Package for Executives and Businessmen – Package Policies for Credit Societies – House Holders Package – Complete Package for Families etc.
Unit-18Teaching Hours:3
Specialized Covers: The New Trend
Special Contingency Policies – Machinery and Equipment – Event Insurances – Matches – Entertainment events; Latest requirement of covers – Identity Theft – Theft of Portable items – ATM Withdrawals – Kidnap and Ransom – Intellectual Property Rights – E-Commerce – Web Business.
Unit-19Teaching Hours:3
Reinsurance:
Reinsurance: Concept of Reinsurance – Types of Reinsurance – Reinsurance Programs in India.
Unit-20Teaching Hours:3
Rural Insurances 1 and 2
Rural Insurances 1and 2: Government Role, IRDA Regulations – Market Agreements – NGOs and Agents Role – Coverage available – Cattle Insurance – Sheep Goat – Poultry – Duck – Aquaculture. Different Policies – Insurance of Elephants – Pigs – Rabbits – Zoo – Circus Animals – Sericulture – Honeybee – Horticulture – Agricultural Pump set – Failed Well – Lift irrigation – Salt Works – Pedal Cycle – Cycle Rickshaw – Animal Drawn Vehicle – Hut – Farmers’ Package – Tribal Package etc.
Text Books And Reference Books:

1. 1. In depth study of personal accident insurance business in India, Rao, P.R., National Insurance Academy, 1984.

2. Subjective risk in personal accident insurance, Munich Re Group, 2000,

3. Insurance fraud in life, health and personal accident insurance, Munich Re Group, 1994.

4. Assessment of the moral hazard in personal accident insurance, Munichener Ruck, Munich Re

5. Improving access to finance for India’s rural poor. Basu, Priya, World Bank, 2006.

6. Rural insurance business: Potentiality and Marketing. Deshpande, S.P, National Insurance Academy, 1999.

Essential Reading / Recommended Reading

1. Health Insurance IC-27, Insurance Institute of India(2013)

2. Miscellaneous Insurance IC-78, , Insurance Institute of India(2013)

Evaluation Pattern

CIA 1 = 10 Marks

CIA 2 = 25 Marks

CIA 3 = 10 Marks

Attendance = 5 Marks

ESE = 50 Marks

Christ University Mcom fourth sem syllabus:-MCO481 – RESEARCH PUBLICATION AND VIVA (2016 Batch)

Total Teaching Hours for Semester:30No of Lecture Hours/Week:2
Max Marks:50Credits:2
Course Objectives/Course Description
Students are put into group of twomembers to conduct a research and publish the same in UGC recognized journal. Individula reaserch and publication is also encouraged. Research mentors will facilitate the research work of those students. BY the end of thirs semester, the article should have been submitted for publication. During the fourth semester the paper should have been published.
Learning Outcome
  • Learning to write research article
  • Learning to accept remarks or justify the thier stand to the reviewers of those article
Unit-1Teaching Hours:30
Research Publication
Manuscript of the research work is to drafted and submitted for publication
Text Books And Reference Books:

1. Krishna swami, O.R (2012). Methodology of Research in Social Science. Himalaya Publishing House.

2. Deepak Chawla, NeenaSondhi (2014). Research Methodology concepts and cases. Vikas Publishing House.

Essential Reading / Recommended Reading

Kothari, C.K (2014). Research Methodology. New age international.

Saravanavel, P.P (2014). Research Methodology. KitabMahal Distributors.

Gupta,S.L& Hitesh Gupta (2014). Research Methodology. Text and Cases with SPSS Applications. International Book House Pvt Ltd.

Srivastava,T.N&ShailajaRego (2012). Business Research Methodology. Tata McGraw Hill Education Private Limited, New Delhi

Evaluation Pattern

Publication/Acceptance for Publication = 25 Marks

Viva Voce = 25 Marks

Christ University Mcom fourth sem syllabus

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