Hey CS Aspirants,
We hope this message finds you well. As your journey to excel in the Company Secretary (CS) examinations continues, we have some important updates and reminders for you.
ICSI CS Results Announcement
The Institute of Company Secretaries of India (ICSI) is set to declare the much-anticipated results for the CS examinations. Mark your calendars for these crucial timings:
CS Professional Programme Results: February 25th at 11:00 AM🕚
CS Executive Programme Results: February 25th at 2:00 PM🕚
Prepare to discover your outcomes and take the next step in your professional journey. You can check your results directly by visiting https://icsi.examresults.net/.
We wish you all the very best for your results!🍀
Quizzinar Reminder: "CS Quizzinar: Proven Strategies to Excel"📚✨
Regardless of the outcome of your results, your path to success doesn't end here. We're here to support you through our upcoming Quizzinar, designed to bolster your CS journey:
We are also giving out Free CS study material to all the participants joining the Quizzinar. So don't miss out. Register at www.lalot.in
Why You Should Attend:
✅ New to CS?
Get a foundational understanding that sets you on the right path.
✅ Currently Studying for CS?
Receive invaluable study aids and insights into the professional course, boosting your preparation.
✅ Enrolled in the Professional Programme?
Learn expert strategies to ace your exams and stand out.
Don't miss this opportunity to elevate your preparation and confidence. We're excited to assist you in achieving your aspirations. 💪
Let's conquer this together! 🎓
Register on October 17, 18, 19 now to appear for December 2023 Company Secretary exams!
Dear All,
Since the last date for December 2023 exam enrolment has already been over i.e., October 10, 2023, we are pleased to inform that the Institute has decided to facilitate such Students who have missed to submit the exam enrolment form for the December 2023 session of Examination.
In light of the aforementioned, the Institute has reopened the Examination Enrolment Window for December, 2023 Session from 16.00 hrs on October 17, 2023 till 23:59 hrs on October 19, 2023 with the Addition of Module & Exemption on the basis of Higher Qualification.
For registration, visit https://smash.icsi.edu/scripts/login.aspx
Foreign Trade Policy (FTP) used to be published once in 5 years, with amendments on yearly basis or as & when basis. From April 2023, the Director General of Foreign Trade (DGFT) under the Ministry of Commerce & Industry (MCI) using the powers given under the Foreign Trade (Development and Regulation) Act, 1992 (FTDR) has decided to bring FTP 2023, which can be updated as & when required.
FTP governs what can come into India (imports) and what can go out of India (exports). The recently contemplated laptop import ban will be regulated under FTP. With your study for Company Secretary Executive Program, you will start understanding the laws applicable for every news item you see in the media.
As this amendment of FTP 2023 came 6 months before December 2023 CS exams, by replacing FTP 2014-2019, as amended, as given in ICSI Study Material, this becomes applicable for the Paper on Economic, Commercial and Intellectual Property Laws (ECIPL) under CS Executive New Syllabus or Economic, Business and Commercial Laws (EBCL) under CS Executive Old Syllabus.
A concise study material on FTP 2023 (from exam point of view), which will help you to score upto 10 marks in Company Secretary Executive Exams for December 2023, will be provided for free for CS webinar attendees at 7pm on 2/9/23 (Saturday) at https://lalot.in/cs-coaching-institute-webinar-fb/
Creating more awareness about the new syllabus of Company Secretary (CS) course, which is applicable from December 2023 exams for CS Executive Program and from June 2024 exams for CS Professional Program.
Enroll now for Company Secretary Executive Program New Syllabus related awareness session by A.N.S. Vijay, Founder of LearningALot @ https://lalot.in/
Follow us on:
Facebook link - https://www.facebook.com/cslalot
Instagram link - https://www.instagram.com/cslalot/
Enroll yourself for a free webinar online @ http://www.lalot.in/ to understand about the ease of learning of CS Executive Program/ Intermediate under the New Syllabus of ICSI, pursuant to the new education policy.
A reduction of 300 marks (1 subject @ Executive Level & 2 subjects @ CS Professional Program) by paying Rs. 1000/- and subject to attending Pre-Test http://www.icsi.in/PreExamFees/Login.aspx , once again, on or before payment of CS Exam Fees on September 25 or March 25 for December or June exams respectively.
Company Secretary Executive Program – New Syllabus of
just 7 subjects |
|
Group 1 (Higher
Priority Papers) |
Group 2 |
Theoretical & Legal Papers (20% case-based Objective
+ 80% descriptive) Working knowledge
of principles, laws and interpretation is the key expectation of ICSI while
evaluating the answer papers digitally and providing you with marksheets on
Digilocker app. |
|
1. Jurisprudence,
Interpretation & General Laws (JIGL - 100 Marks) 2. Company
Law & Practice (CLP – 60 + 40 marks) 3. Setting up
of Business, Industrial & Labour Laws (SBILL – 60 + 40 marks) |
5. Capital
Market & Securities Laws (CMSL – 40 + 60 marks) 6. Economic, Commercial
& Intellectual Property Laws (ECIPL – 60 + 40 marks) |
Theoretical & Practical Paper (100% descriptive) Strengthening
of fundamental concepts and working knowledge is the key expectation here. |
|
4. Corporate
Accounting & Financial Management (CAFM – 60 + 40 marks) |
|
Group 1
Group 2
https://www.icsi.edu/media/webmodules/icsiweb/questionpapers.htm
1)
Why
all this?
Directors are involved in directing, managing and
controlling a private & public limited company and hence is expected to be
aware of their duties & liabilities.
This session will educate the directors to ask the right
questions and do business, which is legal and ethical.
You may soon expect Income Tax like raids from the Registrar
of Companies (ROC), as they are implementing artificial intelligence tools to
track non-compliances and impose penalties.
2)
Non-compliance
& its implications:
A Company has not been mentioning the Corporate
Identification Number (CIN) and the registered office address in the company's
letterheads and also in various documents and communications (first such
incidence of violation pointed out was on 02nd May 2017).
The
ROC relied on 8 documents/letters sent by the company (like Invoices &
reply letter to ROC) and determined that there was a violation of Section
12(3)(c) of the Companies Act, 2013 committed by the company from 2nd May 2017
to 22nd August 2022 i.e., for a duration of 1939 days delay.
ROC
then levied a daily penalty of Rs. 1000/- on the Company and each of its 3
directors, for 1939 days of delay. The maximum penalty for company is limited
to Rs. 2 lakhs whereas it is Rs. 1 lakh for every director.
Totalling
all this, Rs.5,00,000/- was
the penalty imposed on the company and its directors for not mentioning the
address of the registered office and CIN on letterhead.
3)
What
will you get?
A Dossier for Diligent Directors to stay immune from penalties imposed by ROC through adjudication orders will be given.
OnlyThisMuch e-learning series has come out with set of videos for Company Secretary Professional Program exams on the following subjects:
These videos can help CS students to complement with reading of Company Secretary books/reference books including OTM during their preparations. Try listening to the videos again & again in any of your devices. It helps to get your confidence back on these subjects. How to pass CS Exams is answered by what to study for CS exams in these videos.
Credit goes to Mr.Tharun Raj for videos on FTFM & ATLP. Other videos are by Mr.A.N.S. Vijay.
Whatever best Company Secretary books you choose to read, these videos will aid you to better your preparation. These videos can be used for select portions of Company Secretary Executive Programme on Company law, Securities Laws & Compliances and also for relevant portions of CA & CWA exams for Corporate & Allied laws.
Do share the videos & give feedback to thisisvj@gmail.com
The link of the videos are as below:
Enjoy Passing… Company Secretary Exams
For all videos, click http://www.youtube.com/user/learnlabz/videos?flow=grid&view=1
For details of OnlyThisMuch books, bookstores, etc… visit,
Bringing OnlyThisMuch books for Company Secretary Professional Programme very close to you through various sources of bookstores near you, online purchases, cash on delivery, order through VPP, etc… to enjoy passing CS exams.
This edition of OTM covers the following subjects in 4 books with interesting ways to learn, Objectives, past exam question papers of Company Secretary exams, case studies, lots of ideas to remember provisions. This edition is much more than the Amendments in laws which took place recently. You may also download the Amendments as applicable for CS exams from http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances. Hope you all will enjoy learning to the core. Do share your feedbacks with me on thisisvj@gmail.com
Module 1: Company Secretarial Practice (CSP) and Drafting, Appearances & Pleadings (DAP)
Module 2: Financial Treasury & Forex Management (FTFM) and Corporate Restructuring & Insolvency (CRI)
Module 3: Strategic Management, Alliances & International trade and Advance Tax laws & Practice (ATLP)
Module 4: Due Diligence & Corporate Compliance Management (DDCCM) and Corporate Governance, Business Ethics & Sustainability (CGBES).
OTM always goes by the concept that “Nothing should be read unless otherwise its interesting”. In this special edition, extra effort is put on that to make it more interesting to learn. The subject on FTFM & ATLP is introduced for the first time ever in OTM series in a all new way to learn. This sure shot way to shun the fear every student has on Financial Management and Taxes. You need not ask any more the age old question of how to prepare for financial management in CS. Why taxes are so tough in CS exams?
Entire OTM team has put heart & soul into this edition as ever. Inspite of our that much caution, there might be errors and mistakes creeped in the books. Request you to point out the same to us, so that we may try rectifying atleast in future. Your feedbacks keeps us moving, my inbox is waiting for loads of same.
How to buy OTM books were always a big problem with many CS students. This time we have tried increasing our retail presence also with the book stores near you. Even otherwise you can always rely online booksellers as they deliver you the books in 4 – 5 days without even using your credit card or debit card or netbanking as they are offering VPP (Value Payable Post) by taking Cash on Delivery (COD) for OTM books.
If you are appearing for ALL 4 modules of CS Professional Programme in one attempt, then you can consider buying 4 sets of OTM Professional books in a lot from Flipkart at a discounted price. For more details, you may visit http://www.flipkart.com/only-much-9381904197/p/9789381904190?pid=9789381904190&ref=1ea0c170-7c9b-4767-8d99-654d64fb4af0
However you have an option to buy books separately also from the following links:
Buy OTM Professional Module 1 book: Flipkart Asialawhouse
Buy OTM Professional Module 2 book: Flipkart Asialawhouse
Buy OTM Professional Module 3 book: Flipkart Asialawhouse
Buy OTM Professional Module 4 book: Flipkart Asialawhouse
Yes, now you can enjoy listening to OTM while making your preparations for CS Professional Program as claimed in OnlyThisMuch books as “Read, Discuss, Record, Listen, Listen & Listen” at
Name of Bookstore where OTM is available | Address | Telephone No. |
Books Emporium | 3, M.G. Bhavan,Old Nagardas Road,Opp. Chinai College, Andheri, Mumbai-400069 | 28203894 / 66770474 Mob: 09820651516 |
Sapna Book House | The Book Mall,# 3rd Main, Gandhinagar,Bangalore-560009 | 40114455 |
Ajit Law Book Depot | 31, Budhwar Peth,Near Jogeshwari Mandir,Behind Suvarna Sahakari Bank,Pune-411002 | 24451546/66034697 M: 9850954972 |
Book Selection Centre | 3-5-121/E/1/2,Beside Shalimar Theatre,Ramkote,Hyderabad | 23446843 Mob: 09951666550 |
Student Book Centre | 527, Kalbadevi Road,Opp. Edwards Cinema,Mumbai-400002 | 22050510/22011663 Mob:09820139068 |
Gandhi Law House | 2, Shreyas Complex, Nr. Dinesh Hall,Behind Rushika Complex, Income Tax,Ashram Road,Ahmedabad-380009 | 26587666 Mob: 9825246364 |
Ganesh Book Bureau | No.1, 17th Cross, Lakshmipuram,CMH Road, Ulsoor,Banglore-560008 | 080 25551145/41698633 Mob: 09845266516 |
Law Book shop | 1st Floor, Oriental Complex,Banerji Road Market Road JN,Ernakulam, Kochi,Kerala-682018 | 2397895/ 2398484 |
Asia Law House | # 10, Aiyanagar Plaza,Beside UTI Bank street, Kotih,Hyderabad-95 | 040 2474 2324 / 24608000 |
DECCAN Law House | Near Hotel Raj Tower,ELURU RoadVijaywada-520002 | 2576242 Mob:9848532127 |
Modern Book Depot | 15 A J L Nehru Road,Opp. Light House Cinema,Kolkata-7000 013 | 22490933, 22493102 |
Venus Book Centre | Opp. Rajaram library,Ramnagar Road,Gokul Path, Nagpur-440010 | 2536314 |
Pooja Law House | LGF, Hans Bhawan,I.T.O.,I.P. Estate,New Delhi-110002 | 011 - 23370152 & 23379103 |
Singhania Books & Stationary | U-110, LG-1, Shakarpur,Main Vikas Marg,Infront of Laxmi Nagar Metro Station,Delhi-110092 | M: 9213168238 |
Aggarwal Law House | Wing-II, Shop No. 2, LGF,Hans Bhawan, I.T.O.,New Delhi-110002 | 011 - 23379102 & 23378249 |
The Book Corporation | Ahmedabad | 26465385/9327010323 |
Standard | Ahmedabad | 27540731/27540732 |
Karnavati | Ahmedabad | 26578319/26576299 |
Modern Laq | Allahabad | 2560700/2560616 |
Alia Law | Allahabad | 2560444 |
Puliani & Puliani | Bangalore | 22266500/22264052 |
M.P.P. | Bangalore | 22260706/22265901 |
Law Link Publication | Bangalore | 9845057996 |
Professionals Book | Belgaum | 2461681 |
Hemdeep | Baroda | 2422603/2337503 |
Sagar | Baroda | 2340933/2350293 |
Suvidha Law House | Bhopal | 2551597/2559586 |
Nupur Law | Bhopal | 2572741 |
Bilaspur Law | Bilaspur | 9300333990 |
Book Corporation | Kolkata | 22206669/22205367 |
Law Point | Kolkata | 22101821/22483934 |
Kamal Law | Kolkata | 22208941 |
Tax-N-Laws | Kolkata | 22427092 |
Veenus Book | Kolkata | 22483146 |
Sarat Book House | Kolkata | Ph: 22418389 Mob: 09339759126 |
Shivraj Book Agency | Kolkata | Mob: 9836850838 |
Jain General | Chandigarh | 2702768 |
Jain Law | Chandigarh | 2701615 |
Mohindra Law | Chandigarh | 9417011540 |
Ajay Law | Chandigarh | 9417184572 |
C Sitaraman & Co | Chennai | 28111516/28117069/28113950 |
Swami Law | Chennai | 2366285/2361341 |
Law Book Shop | Chennai | 9447768991 |
TR Publications Pvt Ltd | Chennai | 24340765 |
V Angomuthu | Coimbatore | 2211585 |
Natraj Publishers | Dehradun | 2653382/2654584 |
Commercial House | New Delhi | 23947862/23267860 |
Central News Agency | New Delhi | 43631313 |
Dhanwantra | New Delhi | 23866768 |
Gupta Book | New Delhi | 26449929 |
Jain Book Agency | New Delhi | 23416390-94/26567066/26566113 |
Jain Book Depot | New Delhi | 23416101-03/9891683582 |
JM Jaina | New Delhi | 23915064 |
Krishna Law | New Delhi | 23417866 |
Standard | New Delhi | 23413899 |
Laxmi Law | Ghaziabad | 9810579939 |
Anshu | Ghaziabad | 9810903484 |
Balaji Book | Gurgaon | 9810095379 |
Jain Book Agency | Gurgaon | 4143020 |
Khatelpal | Indore | 2540987 |
Vedpal Law | Indore | 2543491 |
Legal | Indore | 2543506 |
Hind | Jabalpur | 2625642 |
Bharat Law | Jaipur | 2316388/2321388 |
Jain Professional | Jaipur | 2419331 |
Kishore Book | Jaipur | 2362578 |
Krishna Book | Jaipur | 2363891 |
Lawman | Jaipur | 2553300 |
Current | Jaipur | 2357842 |
Prakash Law | Jodhpur | 2627658 |
Law Book | Kanpur | 2311417 |
Akhawat | Kanpur | 941505557 |
Eagle | Karnal | 9416027279 |
Ashish Law House | Lucknow | 9839710509 |
Universal Book Distributors | Lucknow | 2324909/2333401 |
Arora Law | Ludhiana | 2440390 |
Law Book | Meerut | 2421589 |
Western | Meerut | 2640778/2645778 |
Bhayani | Mumbai | 22002966/22050884 |
Jaina Book | Mumbai | 22012143/22018485 |
New Book | Mumbai | 22054492/22016380 |
M&J | Mumbai | 24134450 |
Pragati | Mumbai | 22058242 |
Tax print | Mumbai | 22693321 |
Shanti Law | Nagpur | 2438647/2460698 |
Sterling Book House | Mumbai | 22612521/22676046 |
National Book Centre | Nasik | 2314821/Mob-9823358918 |
Malhotra Books | Patna | 6410765 |
Malhotra Bros | Patna | 2222914 |
Gupta Law | Panipat | 9810364290 |
Madaan | Patiala | 283375 |
Universal Book Stall | Pune | 24450976/24451780 |
Malhotra | Ranchi | 9308090536 |
Bharat Law | Raipur | 9300206426 |
Jain Law | Raipur | 9827930419 |
Rohit | Rajkot | 2294288 |
Law Book & Forms | Rajkot | 2234604 |
GIRI Law House | Salem | 2416219 |
Takur | Shimla | 2204515 |
Ashoka Book | Udaipur | 2413813 |
Mamta | Ujjain | 2513863 |
Andhra | Visakhapatnam | 2265369 |
Authors | Sivakasi, Tamilnadu | 222805 |
From https://docs.google.com/open?id=0B-36NqCFw_7NNXg2T3Q1MW5oWGc
Enjoy passing…CS exams :)
In addition to Corporate Governance course, ICSI has announced post membership diploma in Competition law for Company Secretaries! A member of ICSI who finishes this course can use the descriptive letters DCL (ICSI) after his/her name. The details of the papers are given below, it shall be completed along with 100 hours of training as prescribed.
A member of ICSI can also get a post membership diploma in Corporate Restructuring & Insolvency. A Company Secretary who finishes this course can use the descriptive letters DCRI (ICSI) after his/her name. The details of the papers are given below, it shall be completed along with compulsory 1 – day workshop to do presentations.
Students having passed intermediate / Executive Programme of Company Secretary Course by ICSI and has completed training requirements & Professional Development Programmes (PDP) may complete the Course of Corporate Compliance Executive Certificate. And thereafter apply with fees to ICSI for the certificate and once the certificate issued by ICSI, shall be entitled to use the descriptive letters ‘Corporate Compliance Executive’ (CCE). Though such CCE is not a associate or fellow member of ICSI.
Such person may continue to pursue the regular Company Secretaryship course [ie, Professional Programme] if he/she so desires.
Person having awarded Corporate Compliance Executive Certificate, need to secure Programme Credit Hours (PCH) [ie, shall attend regular seminars & programmes of ICSI].
The Company Secretary course gives exemption from certain levels/subjects of its Foundation, Executive & Professional Programmes for candidates who are Graduates or Post Graduates or Professionals. Understand complete details about CS from here and enjoy passing.
You need to start from CS Foundation Programme. Get your scholarship based on your school marks from 10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%.
You can also get your B.Com & M.Com degrees alongside completion of Company Secretary Course. Find details in BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries.
Find complete details about CS course from Download Company Secretary Course kit for ACS exams with complete details about registration, fees, cut off dates, procedures, exemption, etc...& all CS students - Update your email ids now to get free Student Company Secretary magazine in your Inbox.
In pursuance of the powers conferred on it under clause(3) of the regulation 42 of the company Secretaries Regulations, 1982, the Council of the Institute of the Company Secretaries of India has decided that a candidate shall be exempted from the following paper(s) of the Executive Programme examination if he / she possesses the qualification(s) specified against each paper, having secured 50% or more marks in the aggregate (whether in a full time college or though correspondence from a recognised University) and applies for exemption on or before last date for enrolment for the examination paying requisite exemption fee as may be determined by the Council from time to time.
1. General and Commercial Laws:
M.A / M.B.A. (Corporate Secretaryship) or Degree in Law (three years or five years integrated LL.B or B.L) from a recognized University / Institute either constituted under an Act of Parliament or approved by AICTE.
2. Company Accounts, Cost and Management Accounts:
M.A. (Corporate Secretaryship) / M.Com / M.B.A (with Advanced Accountancy as one of the subjects at graduation / post – graduation level and with full paper in Cost Accounting / Management Account / Financial Management at M.A. (Corporate Secretaryship) / M.Com / M.B.A. level having secured 50% marks in the subject concerned) from a recognized University / Institute either constituted under an Act of Parliament or approved by AICTE.
3. Tax Laws:
M.A / M.B.A. (Corporate Secretaryship) from a recognized University / Institute either constituted under an Act of Parliament or approved by AICTE.
For Corporate Compliance Executive (CCE) Certificate holders of ICSI.
Professionals who are qualified Cost Accountants (ICWAI) or grad CWA’s, are eligible to get exemption from CS Foundation programme and certain practical related papers in CS Executive & Professional program exams. Details in Paper-wise ICSI Exemption for ICWAI Passed Students.
Enjoy exempting.
All CS Foundation Students,
Company Secretaries Foundation Programme exam postponed for the first time ever.
This is due to administrative reasons as announced by ICSI. So, the last CS foundation programme (for Paper 4 on on ELEMENTS OF BUSINESS LAWS AND MANAGEMENT) proposed to be held on June 5, 2012 is postponed to June 16, 2012 from 9AM to 12 noon at same centres.
Kindly keep all CS Foundation Students informed.
Find details in Conduct of Rescheduled Examination in “Elements of Business Laws and Management” paper on 16th JUNE, 2012
Enjoy passing CS exams…
Learnlabz conducts ALL subjects for ALL levels of CS Foundation, Executive & Professional Programme classes to enjoy passing Company Secretary December 2012 exams to be held from December 26, 2012. The students can try by attending first session of the classes free of cost and OTM books are also provided. The details can also be downloaded from https://docs.google.com/open?id=0B-36NqCFw_7NZkF0dHpZOHNPZlk
Full details are enclosed in:
OnlyThisMuch book series has released most crucial Updates/ Amendments 2012 for June exam onwards under all laws applicable for Company Secretary exams [CS Executive Programme & Professional Program]. The same can be read from: http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances#fullscreen
(Better when downloaded). It covers the following laws:
Company Law/ Company Secretarial Practice/ Corporate Restructuring 1. Amendments in MCA-21 & Filing aspects 2. Amendments in Clauses of Memorandum Of Association 3. Amendments in Unlisted Public Companies PREFERENTIAL ALLOTMENT Rules u/s. 81(1A) 4. Amendments in General Meetings & Board Meetings related 5. Amendments in Managerial Remuneration under Schedule XIII 6. Amendments in Related Party Transactions under Sections 295, 297 & 314 of Companies Act, 1956 7. Amendments in Merger of Government Companies u/s. 396 8. DEFUNCT COMPANIES & FAST TRACK EXIT SCHEME 9. Form & Contents of Annual Accounts under Revised Schedule VI
CRUCIAL DOWNLOADS FOR LAST MINUTE READING BEFORE CS EXAMS:For Direct & Indirect Tax Laws Amendments, download & print the ICSI Supplement from this link [this is applicable for CS Executive & Professional Program exams
Click here for Financial Management Theory Glance through MCA Guidelines on Governance | Securities Law/ Due Diligence 1. Amendments in SEBI ICDR Regulations, 2009 2. Amendments in Equity Listing Agreement 3. Public Issue by SME’s & SME Equity Listing Agreement (most predicted question for this exam) 4. Debt market issues & Securitised Debt Listing Agreement 5. Revised Insider Trading Disclosures 6. New Takeover Code, 2011 |
Corporate Governance/ Securities Law 1. New Voluntary Governance Codes in India (including MCA’s Corporate Governance & CSR Code, Secretarial Audit, ICSI’s recommendations) 2. New Governance Codes abroad (including UK Corporate Governance & Stewardship Codes) 3. Other Amendments – Internal Control, Credo & Green Tribunal
| |
Other Laws for CS Exams: 1. Amendments in FEMA & CONSOLIDATED Foreign Direct Investment (FDI) POLICY, 2012 [for Drafting & Alliances in Professional Program, Economic Laws in Executive Program] 2. FOREIGN CONTRIBUTION (REGULATION) ACT, 2010 & RULES 2011 [FCRA] replacing Old Act [for Economic Laws in Executive Program & has Compounding provisions as relevant for Drafting] 3. Competition Act, 2002 & Mergers, Amalgamations, Acquisitions & Takeovers (MAAT) [for Drafting & Corporate Restructuring in Professional Program & Economics Laws in Executive Program] 4. Legal Metrology Act, 2009 replacing Standard Weights & Measures Act [for Eocnomic Laws in Executive Program] | |
Then, register for the next level CS Executive Programme on/before end of February or August to appear for both modules in following December or June exams respectively.
Once you register for Executive Programme, you shall complete e-SIP (Electronic Students Induction Programme Online) or physically at ICSI within 6 months of the registration. Keep ready with you:
You may be barred from appearing for exams if you have not completed SIP.
Then, register for the next level CS Professional Programme on/before end of February or August to appear for all Modules in following December or June exams respectively.
When you wish to start your CS Training, you shall first complete e-EDP (Electronic Executive Development Programme Online) or physically at ICSI. Keep ready with you:
Your training period of 15 months will not start (as per ICSI records) if you have not completed EDP.
The Institute of Company Secretaries of India (ICSI) in collaboration with Gurukul Online Learning Solutions (GOLS) have come up with an initiative in the online form of SIP/EDP. This is basically a web-based training (WBT) wherein physical presence of the participant at the venue is not necessary.
You shall have to attend MSOP physically at ICSI. The e-MSOP (Electronic Management Skill Orientation Programme Online) is available only for candidate occupying very senior position and who has completed Company Secretaryship Final exams on or before 01st September, 2006. More details in http://yehseeyes.blogspot.com/2010/10/attend-msop-smtp-online-get-your.html
You will be eligible to apply for Associate Member of Company Secretary (ACS) only on completion of this.
For more details on CS training programmes or Exemption from CS training, visit http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html
For more details on getting Associate Membership of ICSI, visit http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html
Enjoy Streaming…
ICSI has released Updates/Supplements for Corporate Restructuring & Insolvency (CRI) and Due Diligence & Corporate Compliance Management (DDCCM) paper of CS Professional Programme exams on the topic “New Takeover Code 2011” (with Checklist). The Study Materials are well made and worth reading.
I would suggest every student to take PRINT & read it instead of the existing chapters in your Study Material.
Click the links below:
Now, you can enjoy reading Indirect Tax Amendments Book for CA Final May 2012 exams covering the following topics authored by CMA. Tharun Raj to enjoy passing, do give your comments on reading. This can also be used as a reference to understand latest amendments by CS/CMA students & serves as a good reading for Professionals too. Click here to preview the Amendments Book.
Costs: Rs.95/- PLUS Delivery Charges of Rs.55/- (for South India) or Rs. 80/- (for North India). The Demand Draft (DD) to be taken in the name of "C. Sitaraman & Co" payable at Chennai and Send it to:-
C. Sitaraman & Co,
No. 37, Royapettah High Road,
Royapettah,
Chennai - 600 014.
Ph: 044-28117069 & 28111516.
Pointers:- Kindly mention in your letter as “Indirect Tax Amendments Book by Tharun Raj” & send your full detailed ADDRESS along with DD, where you need the delivery.
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Know Law
Labz India Notification 12 of 2012
A written-cum-video initiative to know your corporate legal position as on date
Legal Queries???
How to utilize & escalate your company’s resources? Are you confident that you have utilised the company's resource to the fullest potential!!! What is your market capitalisation of the company? Do you want your declaration of financial results to be a national affair? Have you exploited all sources of funding for your business? Whether your company is enjoying a bigger brand value across the globe? Are you exploring the possibilities of various funding options internationally? How to raise money from abroad? Do you want to list your company in foreign stock exchanges like NASDAQ, London Stock Exchange, Australian Stock Exchange? Have you heard about depository receipts and how does it works? What are the instruments available ro raise money? Can foreigners invests in an Indian company through secondary market with less compliance requirement? Can an Indian company lists abroad without having any overseas branches of its office?
Solution…
International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges
Raising money from abroad is a good option provided you have a feasible and viable project in hand, since there more investors abroad when compared to India. This option can be utilized by a company interested in capturing resources of international market, provided it complies with the criterion of past track record & performances as prescribed.
International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges requires approval under Company laws, Securities laws, FEMA regulations, approvals of FIPB and approvals of stock exchange from abroad and India. This process involves preparation of offer documents, appointment of market intermediaries like merchant banker, satisfying criterion with depositories and custodian banks in India and abroad, collecting investments, issuing shares and listing in stock exchanges abroad. Read More...
Requirement under Indian laws on International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges:
Indian laws treat the depository receipt as foreign direct investment. The law permits denomination of securities in freely convertible foreign currency and can be floated abroad in countries like United States, European Union, Australia with less procedural requirement the respective countries regulators like Securities Exchange Commission. The FEMA regulations read with Depository receipt mechanism provides for issue of securities abroad and conversion of the bonds/instruments in foreign currency into underlying equity shares with voting rights in India after a cooling period through various intermediaries like Overseas Custodian Bank, Domestic depository in India, etc… In certain cases, the Ministry of Finance and Department of Economic Affairs may be required in addition to the one-time and periodical reporting requirement under Reserve Bank of India (RBI) regulations.
Myth buster on International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges:
Huge formalities involved as to lock-in period of securities, the limits on number of issues per year, the end-use restrictions & lot of regulatory approvals required!!! No, the issue process is a plain vanilla procedure with simple conditions on issue expenses and two-stage reporting requirements like a foreign direct investment into India. The value of money that can be raised as a tap issue or as tranches has no limit as per Indian laws. Further, the amount so raised may be used for whatsoever purposes unless it is an instrument like Foreign Currency Convertible Bonds (FCCB’s) where there is a restriction as applicable to External Commercial Borrowings (ECB). Even further, the procedural clearance abroad for issues in alternate investment market of their country is relatively simple.
Caution point on International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges!!!
The compliance of requirements of Indian Company law as to issue of shares shall be duly complied with and necessary e-forms are filed with Registrar of Companies on time. The pricing shall be done based on the date of meeting as to the closing average high & low prices of shares in Indian Stock Exchanges. Agreements with intermediaries shall be entered into. Care should be taken while drafting the Offering Circular, the prospectus like offer document which should provide for all information that is required for an investor to take decision. The prior approval of Reserve Bank of India may be required based on the sectoral cap under Foreign Direct Investment Regulations. Also ensure the in-principle approval for listing is obtained from the stock exchanges for issue of securities in India. Even the benefit of double taxation avoidance agreement can be enjoyed for depository receipts. Ensure the RBI reporting shall be done promptly on 30 days of closure of issue and a quarterly reporting within 15 days.
WATCH LAWLABZ VIDEO on International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges in India!!! (Click Here):
At Lawlabz, we offer 360O Personalized VIRTUAL Corporate Solutions by offering COMPLETE online legal support for your organization since its set-up as your entrepreneurial venture, during its management as a corporate entity or a manufacturing industry and closure of unwanted company’s which are not having any significant business of its own.
Legally Yours,
Happy Consulting with www.lawlabz.com
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Know Law
Labz Notification 10 of 2011
A written-cum-video initiative to know your corporate legal position as on date
Legal Queries???
What are restrictions in foreign inflow? What are the FDI compliances with RBI? What are the ECB compliances with RBI? What are the FCCB/GDR/ADR compliances with RBI? Is there any annual return with RBI like that under Company laws? What are the consequences of non-filing of returns with RBI? When you are falling under Automatic route of FEMA, is there any reporting requirement with RBI? What happens if the inflow is not under automatic route? Is SEZ mandated by RBI for such reporting? What is the reporting procedure? What are the legal requirements in India when foreign exchange is involved in a company’s capital account transaction?
Solution…
FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction
The compliances under Foreign Exchange Management Act (FEMA) arise, when there is an inflow or outflow of foreign exchange. When dealing with bank accounts situated outside India or in India, you might not realize the indirect effect on foreign exchange which mandate FEMA compliances. In India, most of the current account transaction mandates reporting arrangements, whereas certain capital account transaction require approvals from the Central Bank namely Reserve Bank of India.
FEMA being an ever changing law in India, the legalization of a transaction and its dealings is a voluminous task. The approvals, intimations & reporting have to be done keeping in mind the legal updated applied with practical skills. At Lawlabz we can facilitate the same for your company’s transactions. Read More...
Requirement under Indian laws on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India:
Whenever there is an issue, allotment, transfer or conversion of shares, an intimation or approval may be required under FEMA as an event based compliance requirement. This can happen in situations where there is an increase in the shareholding of the company or on induction of new shareholders or an investment is made into the company abroad or when there is transfer of shares in which one party is an Indian or when loans (External Commercial Borrowings) are converted into equity capital. Further, whenever arises an event under FEMA, it comes with a obligation to submit periodical returns as well on a monthly basis for loans related dealing, quarterly basis for FCCB/ADR/GDR related overseas issues and on a annual basis for equity related dealings. Further, there are ceiling limits of 7 days/15 days/30 days/60 days/180 days for various compliances mentioned above. Even further, there is a requirement of certification of procedural compliance of the transaction by a Company Secretary and a certification on valuation of shares through Discounted Cash Flow method by a Chartered Accountant. Any delayed filing beyond the prescribed period also amounts to violation of law which can invite actions from RBI. Hence, in such cases, there is a option of voluntary compounding of offences by disclosing the offence to RBI.
Myth buster on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India:
FEMA compliances are not a mere one-time requirement of reporting whenever there is a requirement of funding or investment or raising money in India or abroad but it goes beyond as a regular procedural requirement once, one of such transaction with a foreign country or foreigner is made. The entire business transaction shall be consulted with an expert as to its impact on automatic route or approval route and how it shall be proceeded with. It may happen, the transaction is under automatic route but as it is taken up by a large enterprise, it may fall under approval route that shall be duly considered. Whenever a foreign exchange transaction happens, it should be considered on a wholesome basis as to its requirements on foreign exchange laws, the accounting treatment of the transactions and the legality of it under the requirement of various corporate laws, industrial laws and sector-specific laws.
Caution point on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India!!!
As the requirements of FEMA are constantly changing as updated by RBI, one shall take caution to ensure whether the reporting requirement on a particular date is in the latest prescribed legal requirement in India. The transacting Indian company shall be in regular touch with their Authorised Dealer (the bank in India) who is responsible for conversion of foreign exchange till the time the bank gets a final confirmation from RBI as to the satisfaction of the legal compliance requirement. The Joint ventures or foreign collaborations shall give due consideration of this legal requirement as this involves a hefty penalty of 3 times of the amount involved or to take the route of compounding to safeguard from violations.
WATCH LAWLABZ VIDEO on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India!!! (Click Here):
At Lawlabz, we offer 360O Personalized VIRTUAL Corporate Solutions by offering COMPLETE online legal support for your organization since its set-up as your entrepreneurial venture, during its management as a corporate entity or a manufacturing industry and closure of unwanted company’s which are not having any significant business of its own.
Legally Yours,
Happy Consulting with www.lawlabz.com
For Private Circulation Only. The copyright of this notification is retained by Lawlabz. Notwithstanding anything contained herein, this notification does not amount to opinion or consultation of any nature. One Pager
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