The Company Secretaries of India play an indispensable role in the corporate ecosystem. Acknowledging the challenges students face, the ICSI, through its Merit-cum-Means Assistance Scheme of 1983, offers a beacon of hope for aspirants of the Company Secretaryship course. Let’s delve into the recent announcement dated 23rd August 2023 regarding the scheme.
1. About the Scheme:
The Merit-cum-Means Assistance Scheme, 1983 aims to assist deserving students financially to pursue the Professional Programme of the “Company Secretaryship.” Keeping with the traditions and the amendments up to 8th August 2023, the Institute is inviting applications for the award of financial assistance.
2. Eligibility Criteria:
To ensure that the aid reaches those who truly merit and need it, there are specific eligibility criteria set:
- Academic Prowess: Applicants should have cleared both modules of the Executive Programme examination in one go without any exemptions. It is vital to have achieved this in the CS June 2023 examination, underscoring their academic proficiency.
- Financial Threshold: The scheme meticulously examines an applicant’s financial status. For those employed or having an independent income, their annual earnings shouldn’t exceed Rs.2,40,000/-. If the applicant is dependent on someone like parents, guardians, or spouse, the cumulative gross income from all sources should not surpass Rs.3,60,000/- annually.
3. Application Process:
For those eager to avail this assistance, the following steps and considerations are crucial:
- Application Form: Aspirants can [download the application form] https://www.icsi.edu/media/webmodules/Merit%7B_Cum_Means_Assistance_form.pdf) directly from the Institute’s website. This form also comes with a detailed version of the Merit-cum-Means Assistance Scheme, ensuring transparency.
- Deadline and Details: All applications should reach the Institute by the 25th of November, 2023. It’s of paramount importance that applications are complete, made on the prescribed forms, and accompanied by all necessary supporting documents. Failing any of these criteria could lead to the application’s rejection.
Conclusion:
The ICSI, with this initiative, underscores its commitment to fostering a community of well-equipped and financially supported Company Secretaries. By providing financial assistance to deserving candidates, the Institute ensures that monetary constraints do not hamper the dreams of budding professionals. Students keen on availing of this assistance must meticulously follow the stipulated guidelines, bearing in mind the defined deadline and criteria. As the future pillars of corporate governance, this opportunity could be a stepping stone to a promising career.
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Company Secretaries of India
File No.205:Exams:2023
Dated, the 23rd August, 2023
ANNOUNCEMENT
ICSI/CS/06/2023
MERIT-CUM-MEANS ASSISTANCE SCHEME, 1983
In pursuance of para 13 of the “Merit-cum-Means Assistance (Company Secretaryship Course) Scheme, 1983”, as amended upto 8th August, 2023, applications are invited to reach the Institute in the prescribed form on or before 25″ November, 2023 for award of 25 numbers of financial assistance for pursuing Professional Programme of the “Company Secretaryship” from students who fulfil the eligibility criteria laid down under the said scheme.
According to the scheme, a candidate applying for assistance should have passed Both Modules of the Executive Programme examination without exemption in any paper, at one sitting, in the first attempt in CS June, 2023 examination. The total income of such an applicant, if employed or is having an independent source of income, should not be more than Rs.2,40,000/- per annum and if he/she is dependent on his/her parents/guardian/spouse whether partially or wholly, the combined gross income from all sources should not be more than Rs.3,60,000/- per annum.
Prescribed application form together with a copy of the Merit-cum-Means Assistance (Company Secretaryship Course) Scheme, 1983 can be downloaded from the Institute’s Website at https://www.icsi.edu/media/webmodules/Merit%7B_Cum_Means_Assistance_form.pdf Applications not made on the prescribed forms and/or without supporting documents, incomplete applications, applications not fulfilling thecriteria laid down under the scheme or applications not reaching the Institute on or before 25″ November, 2023 are liable to be summarily rejected.
BY ORDER OF THE COUNCIL
( CS ASISH MOHAN )
SECRETARY
New Delhi – 110 003
