SEBI Grade A Phase 2 Strategy: Paper 2, English and Interview

Phase 1 of SEBI Grade A only decides who gets in. Phase 2 and the interview decide who gets the job. If you have cleared Phase 1, or you are planning ahead, this is the stage where your preparation has to change: less scattered reading, more depth in Finance, Accountancy and Management, plus a writing paper that many MCQ-strong candidates ignore.

This guide goes only into Phase 2 and the interview for the General stream. For streams, eligibility, salary and Phase 1, read our main SEBI Grade A guide. Everything about pattern, marks and syllabus below comes from the official SEBI recruitment notice for Officer Grade A (Assistant Manager) 2025, whose Phase 2 was scheduled for 21 February 2026. SEBI can change the pattern in any year, so check the latest notification before you finalise your plan.

Phase 2 and interview at a glance

Item	What the 2025 notice says
Phase 2 papers	Two online papers of 100 marks each
Paper 1 (all streams)	English (Descriptive Test) to test drafting skills; 60 minutes; minimum 30%; weightage one-third
Paper 2 (General stream)	MCQs on Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics; 90 minutes; minimum 40%; weightage two-thirds
Negative marking	One-fourth of the marks of the question for each wrong MCQ in Paper 2
Aggregate cut-off for Phase 2	50% (weighted one-third Paper 1, two-thirds Paper 2)
Shortlist for interview	Candidates equal to three times the vacancies, in order of merit, after the cut-offs
Interview	In Hindi or English, your choice
Final merit	85% Phase 2 marks and 15% interview marks
Language of papers	All papers except the English test are bilingual (Hindi and English)

Two details the notice does not give: the number of questions in Paper 2 and the split of tasks in the English paper. Some coaching websites say 100 questions for Paper 2 and three questions for English. Treat that as unconfirmed and check the latest notification and your hall ticket instructions.

What the weightage really means for your effort

Phase 2 carries 85% of the final merit. Inside it, Paper 1 has one-third and Paper 2 has two-thirds. Put together, the final merit works out like this:

• English (Paper 1): about 28.3% of the final score
• Stream paper (Paper 2): about 56.7% of the final score
• Interview: 15% of the final score for the General stream

So one percentage point in Paper 2 moves your final score nearly four times as much as one percentage point in the interview, and twice as much as one in English. This does not mean ignore English or the interview. It means your time should lean towards Paper 2, while English is a gate (minimum 30%) that you must clear comfortably and a source of cheap marks.

Because Paper 2 has negative marking and English does not (as far as the notice says), English is also the paper where careful practice gives the most predictable returns.

Setting a target score (planning suggestion)

The notice fixes three minimums: 30% in Paper 1, 40% in Paper 2 and 50% aggregate. Aggregate is calculated as one-third Paper 1 plus two-thirds Paper 2. For example, 40 in English and 55 in Paper 2 gives 13.33 + 36.67 = 50. That is the bare floor, and only a qualifying floor. Candidates are shortlisted in order of merit, three times the vacancies, so you are competing against others, not against 50%.

We cannot give you a verified cut-off for the shortlist. Past cut-offs differ by year, stream and category, and we have not confirmed them from official result files. Check the official result and cut-off notices of earlier cycles on the SEBI website for a rough idea.

A sensible planning target, which is our suggestion and not an official figure: aim for 60% or more in English and a Paper 2 score you can reach with at least 85% accuracy on the questions you attempt. Then adjust after your first three full mocks.

Paper 1: English descriptive

The syllabus line is short. The paper assesses writing skills, including expression and understanding of the topic, covering precis writing, essay writing and comprehension. That is all the notice says. It does not list the number of questions or word limits, and it does not say whether answers are typed or handwritten (it does say typing applies to the Legal, Research and Official Language papers). Practise both typed and handwritten answers until the notification clarifies.

How to approach each task

Essay. Pick a structure and repeat it: a two-line opening that frames the issue, three or four body points each with a reason or example, one counter-view, and a short closing that suggests a way forward. For a SEBI paper, topics linked to the economy, markets, technology, investor protection and governance are more likely than abstract philosophy, but prepare both. Keep paragraphs short and sentences simple.

Precis. A precis is a short version of a passage in your own words. Keep the main idea and key supporting points, drop examples, quotes and repetition. Write in third person, past or present tense consistently, and add no opinion. A common target is about one-third of the original length, but follow the word limit in the question. Give it a short title only if the question asks.

Comprehension. Answer exactly what is asked, in complete sentences, using your own words where the question says so. Do not copy long chunks. For inference questions, point to the line that supports your answer.

A small precis practice example

Original passage (written for practice): Retail participation in the stock market has grown quickly in recent years, helped by easy mobile apps and low costs. But many new investors enter after prices have already risen and leave at the first fall. Regulators can mandate risk disclosures, yet a warning printed in small letters rarely changes behaviour. What helps more is steady investor education and simple, honest products that explain what could go wrong.

Precis: Easy access has brought many new retail investors to the market, but they often buy late and sell in panic. Formal risk warnings have limited effect, so continuing education and plain, transparent products are the better safeguard.

Notice what was removed: the apps, costs and the small-letters detail. What stayed: cause, problem, solution.

A time split to try (planning suggestion)

If your paper has three tasks in 60 minutes, you could try about 25 minutes on the essay, 15 on the precis, 15 on comprehension and 5 for review. Change this once you know the real structure. Practise one full paper per week from the second month.

Paper 2 General: how to read the syllabus

The syllabus is common for Phase 1 and Phase 2. It has six blocks. The notice does not publish marks per block, so we do not claim any split. Use the table below to see where the depth lies.

Block	What the notice lists	Nature of preparation
Commerce and Accountancy	Accounting standards on depreciation, inventories, revenue, fixed assets, foreign exchange, investments; cash flow and fund flow; ratio analysis; share capital, bonus and rights; ESOP and buy-back; company final accounts	Numerical and rule-based; practise daily
Management	Management processes, leadership, HRD, motivation and morale, communication	Theory; short notes and quick revision
Finance	Regulators, primary and secondary markets, derivatives basics, recent developments, financial inclusion, taxes, GST, Finance Commission, fiscal policy, FRBM, inflation	Concept plus current affairs
Costing	Costing methods, standard and marginal costing, budgets, lean system topics, BPR	Numerical; formula-heavy
Companies Act, 2013	Chapters III, IV, VIII, X, XI, XII and XXVII	Reading and recall of provisions
Economics	Demand and supply, market structures, national income, Keynesian ideas, multiplier, IS-LM, Phillips curve, business cycles, BoP, forex markets, monetary and fiscal policy, NBFIs	Concepts and graphs

Read the annexure of the current notice line by line and tick topics as you finish them. It is the only syllabus that counts.

Securities markets and financial regulation

This is the block where the exam, the interview and your future job meet. The notice names "role and functions of regulatory bodies in the financial sector", primary and secondary markets, derivatives basics (forward, futures, swap) and recent developments. Build your notes around these heads.

Regulators and the legal base

• Know the regulators and their areas: RBI (banks, money market, forex), SEBI (securities market), IRDAI (insurance), PFRDA (pensions) and IFSCA (International Financial Services Centres). Also know what the Financial Stability and Development Council does at a coordination level.
• For SEBI itself: the SEBI Act, 1992 sets up the Board and its powers. The Securities Contracts (Regulation) Act, 1956 governs trading and listing of securities, and the Depositories Act, 1996 covers demat holding. SEBI has three broad roles: protect investors, develop the market and regulate it.
• Know the names of the main regulations: Issue of Capital and Disclosure Requirements (ICDR), Listing Obligations and Disclosure Requirements (LODR), Prohibition of Insider Trading (PIT), Substantial Acquisition of Shares and Takeovers (SAST), and the ones on mutual funds, portfolio managers and alternative investment funds. The notice does not list these by name, so treat deep clause-level study as a bonus, useful mainly for the interview.

Primary and secondary markets

• Primary: IPO, FPO, rights issue, private placement, QIP, bonus issue (a bonus is not a fundraising). Learn the difference between fixed price and book building.
• Secondary: stock exchanges, clearing corporations, depositories, brokers, settlement cycle, circuit filters. Understand how trade, clearing and settlement fit together.
• Money market: treasury bills, commercial paper, certificates of deposit, call money, repo and reverse repo. Bond market: government securities, corporate bonds, yield and price moving in opposite directions.
• Forex market: spot, forward, exchange rate regimes, role of RBI.

Derivatives basics with small examples

• Forward price (simple cost of carry, no dividends): if spot is Rs 80, interest rate 5% for one year, fair forward price is 80 x 1.05 = Rs 84.
• Futures gain: buy at Rs 100, price at settlement is Rs 108. Gain is Rs 8 per unit. For a lot of 50, gain is 8 x 50 = Rs 400. If the price had closed at Rs 95, you would lose Rs 5 per unit, Rs 250 per lot.
• Interest rate swap: notional Rs 10 crore, you pay fixed 7% and receive floating 8% for the year. Net receipt is 1% of 10 crore = Rs 10 lakh. Only the net difference is exchanged, never the notional.

Recent developments, handled sensibly

Keep a one-page running note of SEBI board decisions, consultation papers and circulars, RBI policy decisions, Union Budget changes in capital gains and securities transaction taxes, and developments in financial inclusion through technology. For each, write three lines: what changed, why, and who it affects. Revise it every Sunday. Because current affairs change fast, we have not listed specific recent rules here; use the SEBI website press releases and board meeting highlights for the latest.

Other finance items the notice names

• Taxes: direct (income tax, corporate tax) versus indirect (GST). Non-tax revenue such as dividends, interest receipts and fees.
• Deficits: revenue deficit = revenue expenditure minus revenue receipts. Fiscal deficit = total expenditure minus total receipts excluding borrowings. Primary deficit = fiscal deficit minus interest payments. Example: fiscal deficit 100 and interest payments 30 gives primary deficit 70.
• Inflation: CPI measures retail prices faced by consumers, WPI measures wholesale prices. Inflation rate = (new index minus old index) / old index. A move from 120 to 126 is 6/120 = 5%.
• Finance Commission, fiscal policy and the FRBM Act: know their purpose and the idea of fiscal discipline rather than numbers that change every year.

Accountancy basics with worked examples

Accountancy is where non-commerce candidates lose the most marks, and where CA, CS and CMA candidates gain. The notice lists accounting standards with reference to depreciation, inventories, revenue recognition, fixed assets, foreign exchange transactions and investments. Know the concept behind each, and check whether your source uses the older Accounting Standards or Ind AS, since questions may be framed under either.

Ratio analysis

Example 1. Current assets Rs 6,00,000, current liabilities Rs 4,00,000, stock Rs 1,50,000.

• Current ratio = 6,00,000 / 4,00,000 = 1.5
• Quick ratio = (6,00,000 minus 1,50,000) / 4,00,000 = 1.125

Example 2. Net profit after tax Rs 12 crore, preference dividend Rs 2 crore, 5 crore equity shares. EPS = (12 minus 2) / 5 = Rs 2. If the share price is Rs 60, P/E = 60 / 2 = 30.

Depreciation and inventory

Example 4. Cost Rs 5,00,000, scrap Rs 50,000, life 5 years. Straight line depreciation = (5,00,000 minus 50,000) / 5 = Rs 90,000 a year. Under written down value at 20% on the same cost, year 1 depreciation is Rs 1,00,000 and year 2 is 20% of 4,00,000 = Rs 80,000.

Cash flow statement

Example 6. Cash from operations by the indirect method: net profit 50, add depreciation 10 (non-cash), less increase in debtors 15, add increase in creditors 5. Result = 50 + 10 minus 15 + 5 = 50. Remember: an increase in current assets uses cash, an increase in current liabilities provides cash. Cash flow statements split activities into operating, investing and financing.

Bonus, rights, ESOP and buy-back

Example 7 (bonus). A company has 10,00,000 shares of Rs 10 each and issues bonus shares in the ratio 1 for 5. New shares = 2,00,000, so Rs 20,00,000 moves from reserves to share capital. Share capital becomes Rs 1.2 crore. Total net worth is unchanged.

Example 8 (rights, theoretical ex-rights price). Rights issue 1 for 4 at Rs 80 when the market price is Rs 100. Ex-rights price = (4 x 100 + 1 x 80) / 5 = Rs 96. Value of the right per original share = 0.25 x (96 minus 80) = Rs 4, which equals 100 minus 96.

Example 9 (ESOP). 10,000 options, fair value Rs 40 each at grant, vesting over 4 years, all expected to vest. Total expense = Rs 4,00,000, recognised at Rs 1,00,000 a year on a straight-line basis. The idea to remember: the expense is based on grant-date fair value and spread over the vesting period.

Example 10 (buy-back). A company buys back 1,00,000 shares of Rs 10 each at Rs 25. Total outlay is Rs 25 lakh. Nominal value of Rs 10 lakh is cancelled; the premium of Rs 15 lakh is adjusted against free reserves or securities premium. Where buy-back is funded from free reserves, an amount equal to the nominal value is transferred to the capital redemption reserve. For legal limits, read Section 68 of the Companies Act, 2013 and the SEBI buy-back rules for listed companies, and verify current limits from the source.

Company final accounts

Know the layout of the balance sheet and statement of profit and loss under Schedule III of the Companies Act, 2013: equity and liabilities, assets, current and non-current split. Practise reading a statement quickly to find a figure, since MCQs often ask classification, such as where an item sits.

Costing worked examples

The notice lists methods of costing, standard costing, marginal costing, budgets and a list of lean concepts. Learn the formulas once and test them with numbers.

Example 11 (marginal costing). Selling price Rs 100 per unit, variable cost Rs 60, fixed cost Rs 2,40,000.

• Contribution per unit = 40; P/V ratio = 40%
• Break-even units = 2,40,000 / 40 = 6,000 units; break-even sales = Rs 6,00,000
• At 8,000 units: sales Rs 8,00,000, margin of safety = 2,000 units = Rs 2,00,000 = 25% of sales
• Profit = 2,000 x 40 = Rs 80,000. Check: 8,000 x 40 = 3,20,000 minus 2,40,000 = 80,000

Example 12 (material variances). Standard price Rs 10, actual price Rs 11, actual quantity 500 kg, standard quantity for actual output 480 kg.

• Price variance = (11 minus 10) x 500 = Rs 500 adverse
• Usage variance = (500 minus 480) x 10 = Rs 200 adverse
• Total variance = Rs 700 adverse. Check: standard cost 4,800, actual cost 5,500, difference 700

For job, batch and contract costing, understand the unit of cost and how profit on incomplete contracts is treated. For lean, learn the one-line idea of each: JIT (produce only what is needed, when needed), Kaizen (continuous small improvement), 5S (workplace organisation), TPM (maintenance involving all employees), cellular manufacturing (grouping machines to flow products), Six Sigma (reduce defects and variation), BPR (radical redesign of processes).

Management

Management is the most scoring block per hour of study, because the content is fixed and the questions are direct. Study it as a set of names, ideas and contrasts.

• Functions: planning, organising, staffing, directing, controlling, as in the syllabus. Be clear about the difference between them.
• Motivation theories: Maslow (physiological, safety, social, esteem, self-actualisation), Herzberg (hygiene factors versus motivators), McGregor (Theory X and Theory Y), Vroom (expectancy), Adams (equity), McClelland (achievement, power, affiliation), Alderfer (existence, relatedness, growth).
• Leadership: Lewin's autocratic, democratic and laissez-faire styles; Blake and Mouton's managerial grid; Hersey and Blanchard's situational model; Fiedler's contingency model. The syllabus also asks about a successful versus an effective leader: a successful leader gets promoted or rises fast, an effective leader gets the work done through a committed team. (Fred Luthans' research is the usual reference.)
• HRD: concept, goals, training, development and appraisal in simple terms.
• Morale and incentives: what raises or lowers morale, monetary versus non-monetary incentives.
• Communication: steps of the process (sender, encoding, channel, receiver, decoding, feedback), formal versus informal channels, upward, downward and lateral flow, barriers, and the role of IT.

Make a one-page chart with theorists in rows and key ideas in columns. Revise it twice a week.

Companies Act and Economics

Companies Act, 2013: seven chapters

The notice names Chapters III, IV, VIII, X, XI, XII and XXVII. These cover prospectus and allotment of securities, share capital and debentures, declaration and payment of dividend, audit and auditors, appointment and qualifications of directors, meetings of the Board and its powers, and the National Company Law Tribunal and Appellate Tribunal. Use the bare Act or ICSI material to read each chapter once, then make a table of key points: who, what limit, what time period, what penalty. Do not try to memorise every section number; focus on rules and limits you can recall in a sentence.

Economics

The list is closer to a university macro course than a general awareness list. Practise:

• Multiplier: with marginal propensity to consume 0.8, multiplier = 1 / (1 minus 0.8) = 5. A rise in investment of Rs 100 raises income by Rs 500.
• Deposit multiplier (simple): with a 10% reserve requirement, 1 / 0.10 = 10.
• IS-LM: what shifts each curve (fiscal policy shifts IS, monetary policy shifts LM).
• Phillips curve: the short-run trade-off between inflation and unemployment, and why it breaks in the long run.
• Balance of payments: current account and capital account, what counts in each.
• Business cycles, market structures (perfect competition, monopoly, oligopoly, monopolistic competition), national income measures (GDP, GNP, NNP at factor cost).

MCQ method for Paper 2

With 90 minutes and one-fourth negative marking, your method matters as much as your knowledge.

• Round one, fast: answer what you know in under 40 seconds each. Mark numerical and long questions for later.
• Round two, numericals: do costing and accounting sums with rough work. Check units and whether the question asks for adverse or favourable, sales or units.
• Round three, guess with logic: if there are four options, a pure guess has a small positive expected value (0.25 x 1 minus 0.75 x 0.25 = 0.0625), but a blind guess is risky for your accuracy. If you can eliminate one option, the expected value rises to about 0.17. Guess only after elimination.
• Time check: if there are 100 questions, you have roughly 54 seconds each; check the actual count on your hall ticket or mock and plan accordingly.

Sources and books

We list only widely known titles. Pick one source per topic and revise it repeatedly.

• Accountancy: NCERT Class 11 and 12 Accountancy for basics; T. S. Grewal's books for practice; ICAI study material if you are comfortable with it.
• Costing: ICMAI study material, or a standard cost accounting text such as the one by M. N. Arora.
• Management: a standard textbook such as Stephen Robbins' Management, or the NCERT Business Studies books for quick basics.
• Finance and markets: Financial Markets and Services by Gordon and Natarajan; Financial Management by Prasanna Chandra for concepts; free investor education pages on the SEBI website; NISM workbooks (such as the equity derivatives one) for derivatives basics.
• Economics: Indian Economy by Ramesh Singh for the Indian context; a standard macroeconomics text for IS-LM, multiplier and Phillips curve; the Economic Survey and Union Budget documents for current data.
• Companies Act: the Companies Act, 2013 itself, or ICSI study material for the named chapters.
• Current affairs: a business newspaper, SEBI and RBI press releases, SEBI board meeting highlights.
• English: a good grammar and writing book, plus editorial pages of a newspaper for essays and vocabulary.

A 60-day plan for Phase 2

This plan is our suggestion and assumes you have already covered the basics of Phase 1. It uses about four to five hours on weekdays and six on weekends. Shorten or extend it as needed.

Days	Focus	Output
1 to 7	Read the notice annexure; diagnostic Paper 2 mock and one English piece; Accountancy: ratios, depreciation, inventory	Weak-topic list; 25 ratio and depreciation sums
8 to 14	Accountancy: cash flow, share capital, bonus, rights, ESOP, buy-back; one essay	One-page formulas; 30 sums
15 to 21	Costing: methods, marginal and standard costing, budgets; lean topics; one precis	Formula sheet; 30 sums
22 to 28	Finance: regulators, primary and secondary markets, derivatives, taxes, deficits, inflation; sectional test	Regulator chart; current-affairs notebook up to date
29 to 35	Management: theories, leadership, HRD, communication; Companies Act chapters III, IV, VIII	Theorist chart; Act notes
36 to 42	Companies Act chapters X, XI, XII, XXVII; Economics part one (national income, Keynes, multiplier, IS-LM)	Act tables; graph practice
43 to 49	Economics part two (BoP, forex, monetary and fiscal policy, NBFIs); first full Paper 2 and Paper 1 together	Full analysis; error log
50 to 56	Two full Paper 2 mocks, one English paper, targeted revision of errors; start interview prep	Two-minute self-introduction ready
57 to 60	Light revision only: formula sheets, regulator chart, theorist chart; no new topics; sleep	Confidence and speed

Mock schedule

• Weeks 1 to 3: one sectional test per week, so you learn where you lose marks.
• Weeks 4 to 6: one full Paper 2 mock and one English paper per week.
• Weeks 7 to 8: two full Paper 2 mocks per week, one English paper per week, and a few Companies Act and costing mini-tests.
• After each mock, spend as long on analysis as on the test. Sort wrong answers into three: did not know, knew but slipped, ran out of time.

The interview: what we know and what we do not

The notice confirms that only shortlisted candidates are called, that you can choose Hindi or English, and that the interview carries 15% of final merit (for the General stream). It also says the venue and dates are sent with the call letter. Candidates must bring documents as specified, including category certificates, and government or public sector employees must carry a No Objection Certificate from their employer. The notice also says candidates must give details of any pending criminal cases. Read the document list in the notice carefully and keep the originals and photocopies ready.

The notice does not publish interview questions, duration, panel composition or marking breakdown for the General stream. We will not invent any. What follows is preparation logic based on the nature of the job.

What a regulator's panel is likely to look for

• Clear reasons for choosing SEBI and a regulator's career
• Understanding of your own academic and work background
• Awareness of markets and regulation, current and basic
• Ethics, integrity and judgment in situations where rules and pressure clash
• Communication, composure and honesty about what you do not know

Question categories with practice questions

The following are practice questions we wrote for preparation. They are not actual questions asked at any interview.

• Background: Tell us about yourself in two minutes. Why did you choose your graduation subject? What did you learn in your last job or project?
• Why SEBI: Why a regulator and not a bank or a private firm? What will you contribute in your first year?
• Markets and regulation: What is the difference between a regulator and an exchange? Why is insider trading harmful? How does disclosure protect investors?
• Finance and accounting: What does a falling current ratio tell you? How would you explain a derivative to a first-time investor?
• Current affairs: Pick one recent SEBI board decision. What problem did it address? What could go wrong?
• Judgment and ethics: You find a colleague is sharing market-sensitive information. What do you do?
• Hobbies and home state: Why this hobby? What is special about your state's economy or financial habits?

How to structure an answer

Use a simple frame: answer in one sentence, give a reason, add an example from your life or study, and stop. If you do not know, say so and reason aloud from basics. A candid "I am not sure, but my understanding is..." is better than a confident wrong answer.

Prepare your form and profile

• Every word on your application form is fair game: degree, college, projects, work, hobbies, home town. Know each in depth.
• For each hobby, be ready for three questions beyond the basics, since a shallow hobby shows quickly.
• For your home state, know its main industries, farm and trade patterns, and one banking or investor-related fact you can explain.
• Prepare a short, honest answer for any gap, low score or career change.

Body language and presence

Dress formally and simply. Sit upright, keep a natural eye contact with the whole panel, and speak at a steady pace. Pause before answering. Avoid fidgeting and memorised speeches. If you choose Hindi, speak in clear Hindi and keep technical terms in English where natural.

A mock-interview plan

• Week one: write your two-minute introduction and answers on your form; record yourself and listen back.
• Week two: practise the question categories above with a friend; ask for blunt feedback.
• Week three: do at least two full mock interviews with someone who will interrupt and follow up; keep each to about 20 to 25 minutes.
• Last week: revise your current-affairs notebook and form; rest.

Common mistakes in Phase 2 and the interview

• Treating English as a formality, and failing the 30% floor.
• Giving Management and the Companies Act no time because they look easy, then losing easy marks.
• Reading theory without practising sums for accountancy and costing.
• Blind guessing on negative-marked MCQs.
• Not knowing the exact syllabus chapters of the Companies Act.
• Learning market current affairs as headlines with no reasons.
• Walking into the interview without knowing your own form.
• Bluffing instead of admitting a gap.

Frequently asked questions

Do Phase 1 marks count in the final merit? No. As per the 2025 notice, Phase 1 marks are used only to shortlist candidates for Phase 2. Final merit is 85% Phase 2 and 15% interview.

What are the minimum marks in Phase 2? 30% in Paper 1, 40% in Paper 2 and 50% aggregate with one-third and two-thirds weightage.

How many questions are in Paper 2? The notice gives the marks and time but not the question count. Some websites say 100; check the latest notification.

Is the English paper typed or handwritten? The notice does not state this for English. It explicitly mentions typing for Legal, Research and Official Language papers. Check your hall ticket instructions and practise both.

Which Companies Act chapters are in the syllabus? Chapters III, IV, VIII, X, XI, XII and XXVII of the Companies Act, 2013.

Can I choose Hindi for the interview? Yes, the notice allows you to choose Hindi or English for the interview. Papers other than English are bilingual.

How many candidates are called for the interview? Candidates equal to three times the number of vacancies, in order of merit, after meeting the cut-offs.

Does interview experience marks apply to the General stream? No. Up to 3.75 marks for relevant post-qualification experience apply only to Legal, Engineering (Electrical) and Engineering (Civil) streams. The General stream interview carries the full 15%.

Closing

Phase 2 rewards steady, structured work: formulas learned once and tested often, a short regulator and theory chart revised weekly, and a writing habit built before the exam. Take full-length mocks and sectional tests on Pareeksha for Paper 2 speed and accuracy, practise English under a timer, and rehearse your interview aloud. Keep an error log, fix one weakness each week, and walk into the exam with a plan rather than hope.