The Institute of Company Secretaries of India (ICSI) has outlined the eligibility criteria and guidelines for becoming a CS Mitr under the CS Mitr Scheme. Any person over 18 years, excluding ICSI employees, council members, consultants, and auditors, can become a CS Mitr. Incentives are offered at Rs 500 per student registered in the Executive Programme, with conditions regarding fee concessions. Interested individuals must apply online, and upon verification, will receive a referral code. Payments are processed via NEFT, and CS Mitrs must provide PAN and bank details for compliance. The ICSI reserves the right to reject any CS Mitr found using unfair means, and CS Mitrs cannot claim any benefits until eligibility criteria are met. Confidentiality of proprietary information is mandatory, even after the CS Mitr’s association with ICSI ends.
Institute of Company Secretaries of India
Eligibility to become CS Mitr under CS Mitr Scheme and Disclaimer
(i) Any person (viz CS Member, CS student, teachers at various schools/colleges, students at other university/college, retired employees of ICSI, housewives, young boys/girls) who is above 18 years of age is eligible to become CS Mitr.
(ii) The employees (regular and contractual) of the Institute posted at any offices of the Institute all over India shall not be eligible to become CS Mitr. Council Members, Regional Council Members, Managing Committee Members of Chapters, Consultants, Auditors shall also not be eligible to become CS Mitr.
(iii) Rate of Incentive payable under “CS Mitr” scheme will be as follows:
Incentive payable
@ Rs 500/- per student is to be paid to them for each student registered in Executive Programme (subject to applicable tax deduction)
Further, the above incentive will only be valid for the registration categories wherein concession in fees is not applicable.
(iv) Persons willing to become CS Mitr will be required to apply through online process. After their credentials are verified and they are registered with ICSI as CS Mitr, they will be allotted a code number. Students will be required to mention the code as a referral code, while registering themselves for the Executive Programme.
(v) All payments will be transferred by the Dte of Finance and Accounts to the bank
of beneficiary through NEFT.
(vi) The CS Mitr shall not have any right to claim any benefit under any circumstances, until he/she meets the eligibility criteria / verification process.
(vii) The Institute shall have the right to reject any “CS Mitr” before giving any monetary benefit, if found that the person has used some unfair means / malpractices and in such a case, the decision of the Institute shall be final. CS Mitr shall not have any right or claim against the Institute, except the payment of the amount as above.
(viii) CS Mitr needs to provide PAN details mandatorily to fulfil taxation and statutory compliances along with Bank details.
Disclaimer: I hereby undertake that in the event being Registered by ICSI as its CS Mitr, I shall keep all proprietary and/or confidential information that I get to or access to know during my association with the ICSI as its CS Mitr shall be kept confidential and shall not be disclosed to any person. This covenant shall remain valid and binding even after the CS Mitr ceases to be associated with the ICSI. I also undertake to be always abided by the ICSI guidelines for nomination of CS Mitr.
