Introduction: The Government of India, under the Ministry of Corporate Affairs, has issued an important notice through the Office of the Official Liquidator, Bombay. The notice, dated 12th October 2023, invites applications for the post of Drafting Counsel/Associates. This article aims to provide a comprehensive overview of this recruitment, detailing the eligibility criteria, application process, and other essential information.
1. Job Openings:
The Official Liquidator, Bombay, is offering job opportunities for Chartered Accountants (CA), Company Secretaries (CS), Cost & Works Accountants (ICWAI), and LLB graduates as Drafting Counsel/Associates. These positions are on a contractual basis for a minimum period of 12 months, with a monthly remuneration of Rs. 50,000/- subject to TDS.
2. Qualifications and Experience:
To be eligible for these positions, candidates must meet the following qualifications and experience criteria:
- Drafting Counsel: LL.B Final passed with a minimum of 3 years of legal practice at the Bar.
- Chartered Accountant: CA Final passed with either three years of practice as a practicing Chartered Accountant or three years of job experience.
- Company Secretary: CS Final passed with either three years of practice as a practicing Company Secretary or three years of job experience.
- Cost and Work Accountant: ICWAI/CMA Final passed with three years of practice as a practicing Cost and Works Accountant or three years of job experience.
3. Responsibilities:
The Drafting Counsel/Associates will have a diverse range of responsibilities, including but not limited to:
- Reviewing and preparing briefs of companies in liquidation.
- Adjudicating claims of workers, creditors, and stakeholders of companies in liquidation.
- Declaring dividends to claimants.
- Scrutinizing financial statements, lease deeds, balance sheets, and more.
- Preparation of financial statements, filing income tax returns, and other accounting tasks.
- Providing support to the legal cell and assisting in court matters.
4. Application Process:
Interested candidates need to submit their applications and relevant documents to the Official Liquidator by email ([email protected]) on or before 30th October 2023. Any applications received after this date will not be entertained.
5. Selection Process:
The selection process will involve the scrutiny of applications, and only shortlisted candidates will be intimated via email for further assessments, which may include a written test and/or an interview.
6. Conclusion: The recruitment of Drafting Counsel/Associates by the Office of the Official Liquidator in Bombay presents a unique opportunity for professionals in the fields of law, finance, and company secretarial work. These roles come with diverse responsibilities and offer a monthly remuneration of Rs. 50,000/-. Candidates meeting the eligibility criteria should promptly submit their applications by the specified deadline and prepare for the selection process. This recruitment aligns with the government’s commitment to efficient liquidation proceedings and the implementation of relevant laws. It is a chance for eligible professionals to contribute to the legal and financial landscape and to be part of a crucial aspect of corporate affairs in India.
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GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
OFFICE OF THE OFFICIAL LIQUIDATOR, HIGH COURT, BOMBAY
5TH FLOOR, BANK OF INDIA BUILDING, M. G. ROAD, FORT, MUMBAI — 23
Telephone Nos. (Office): – 2267 0024, 2267 5008, Fax: – 2269 2307
E-mail: – [email protected]
OL/PA/CA/CS/ICWA/ LLB/5384 Date:-18/10/2023
To,
Regional Director,
Institute of Company Secretary of India, 13,56 and 578 Jolly Maker Chamber II,
1st Floor (5th floor),
Nariman Point, Mumbai-400021.
Subject: – Notice for inviting applications for the posts of Drafting Counsel/Associates.
Sir/Madam,
This is in reference to the subject cited above, I am to state that the office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB graduates as Drafting Counsels/Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.5o,000/p.m. subject to TDS if any applicable and on the Terms and Conditions governing such appointment. In this regard, you are requested to upload the Notice for inviting applications from CA/CS/ICWA/LLB to be appointed as Drafting Counsel/Associates in the office of the Official Liquidator subject to terms and conditions. The Drafting Counsel/Associates so appointed are required to carry out work of liquidation proceedings in the office of the Official Liquidator, Mumbai. The work to be performed can be illustrated as below:
i) To review and prepare brief of the company (In Liqn.) from the available files.
ii) To adjudicate the claims of the workers/creditors and other stakeholders of the company (In Liqn.)
iii) To declare the dividend to the claimants.
iv) Examination and scrutiny of Statement of Affairs of the company (In Liqn), Lease deeds, Assignment agreements, Balance sheet, statutory registers & Forms etc.
v) Preparation of half yearly statements, updating the cash books manually, filing of income tax returns and any other accounting work assigned from time to time.
vi) Any other work relating to liquidation proceedings as directed by the higher Authorities.
vii) Drafting Counsels may be required to accompany the Officers while attending the Court matters and assist the Legal cell as and when required.
viii) Drafting Counsels expected to prepare draft reports, affidavit in reply, rejoinder, written statements etc.
ix) Drafting Counsels are expected to do any other work as and when directed by the Officers of the office.
x) The Associates to be appointed are expected to have good communication skills written as well as verbal, team management skill, logical reasoning, sense of responsibility, well conversant with Excel, performing numerical work, having knowledge of Companies Act and Rules. Further you are requested to refer the legible/suitable candidates to be appointed as Associates.
SELECTION PROCESS: –
i) The applications received will be scrutinized and only the shortlisted candidates will be intimated (THROUGH E-MAIL) to appear for written test and/or interview or the both, as the case may be,
ii) No intimation will be provided to the candidates who has not been shortlisted.
The Notice, Terms and Condition and prescribed Format which are uploaded on the website (www.mca.gov.in) of the official Liquidator are enclosed herewith. You are requested to upload the same on your website and give wide publicity for the same and intimate this office accordingly.
Yours faithfully,
(Chandan Kumar)
Official Liquidator
High Court, Bombay.
End: – Notice dated (02/10/2023 Terms and Conditions and Prescribed Format.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
OFFICE OF THE OFFICIAL LIQUIDATOR, HIGH COURT, BOMBAY
5TH FLOOR, BANK OF INDIA BUILDING, M. G. ROAD, FORT, MUMBAI – 400023
Telephone Nos. (Office): – 2267 0024, 2267 5008, Fax: – 2269 2307
E-mail: – [email protected]
OL/PA/CA/CS/ICWA/LLB/5296 Date: -12/10/2023
1) The Official Liquidator, High Court, Bombay invites applications in a prescribed format along with bio-data/Curriculum Vitae from eligible candidates for the post of Chartered Accountant, Company Secretary, Cost & Works Accountant, Drafting Counsel, the same will be referred as ‘Drafting Counsel /Associate’, on a temporary basis for minimum tenure of 12 months and on the monthly lump-sum remuneration of Rs.5o,000/-p.m subject to deduction of TDS, if any applicable. The eligible candidates shall submit their Application alongwith bio-data/ curriculum vitae to the Official Liquidator on or before 30.10.2023.
| Sr. No. | Name | Qualification | Experience |
| 1 | Drafting Counsel | LL.B Final Passed |
Minimum 3 years experience of Legal practice at Bar. |
| 2 | Chartered Accountant | CA Final Passed |
Chartered Accountant who holds a membership of ICAI with 3 years of practice as a practicing Chartered Accountant or 3 years of job experience. |
| 3 | Company Secretary | CS Final passed |
Company Secretary Who holds a membership of ICSI with 3 years of practice as a practicing Company Secretary or 3 years of job experience. |
| 4 | Cost and work accountant |
ICWAI/CMA Final Passed examination |
Costs & Works Accountant who holds a membership of ICMAI with 3 years of practice as a practicing Company Secretary or 3 years of job experience. |
3) The Drafting Counsel /Associates to be appointed are expected to have good communication skills written as well as verbal, team management skill, logical reasoning, sense of responsibility, well conversant with excel, performing numerical work, having knowledge of Companies Act and Rules. Any candidate having more experience and more qualification may also apply and any applications received after 30.10.2023 shall not be entertained.
4) The candidate should submit the legible Application and Bio Data/ Curriculum vitae alongwith attested copy of certificate of passing/prescribed qualification and certificate of experience as stated above through e-mail ONLY at [email protected].
In case of misrepresentation/suspension of facts and/or submission of false/forged documents will entails the action against such candidate including termination of service without any notice and remuneration paid, if any, will be recovered.
The Job profile: The selected candidates shall have to work under the supervision of the Official Liquidator and/or any other Officer of the office of the Official Liquidator. The following shall include in the job profile.
i. To review and prepare brief of the company (In Liqn.) from the available files.
ii. To adjudicate the claims of the workers/creditors and other stakeholders of the company (In Liqn.).
iii. To declare the dividend to the claimants.
iv. Examination and scrutiny of Statement of Affairs of the company (In Liqn.).
v. Preparation of half yearly statements, updating the cash books manually, filing of income tax returns and any other accounting work assigned from time to time.
vi. Any other work relating to liquidation proceedings as directed by the higher Authorities.
vii. Drafting Counsel may be required to accompany the officers while attending the court matters and assist the Legal cell as and when required.
viii. Drafting Counsels expected to prepare draft reports, affidavit in reply, rejoinder, written statements etc.
ix. Associates/Drafting Counsels are expected to do any other work as and when directed by the officers of the office.
SELECTION PROCESS:
i) The applications received will be scrutinized and only the shortlisted candidates will be intimated (THROUGH EMAIL) to attend the written test and/or interview or the both, as the case may be.
ii) No intimation will be provided to the candidates who has not been shortlisted.
iii) Candidates already appeared for screening process can apply again, if they so desire.
The decision of the Official Liquidator with regard to eligibility and selection shall be final.
Dated this 12 day of October, 2023.
OFFICIAL LIQUIDATOR
HIGH COURT, BOMBAY.
APPLICATION FORM FOR THE ENGAGEMENT OF DRAFTING COUNSELS/ASSOCIATES IN THE 0/0 OFFICIAL LIQUIDATOR, MUMBAI
Self attested
PHOTO
1. Name and Address:
2. Father’s Name/Spouse Name (Please strike off which is not applicable):-
3. Date of Birth:
4. Educational Qualification:
5. Date of passing Final Examination: (CA/CS/ICWA/LLB) (Please enclose self-attested Certificate(s)
6. Contact No:
7. Email Id:
8. Experience:
a. Total No. of years –
b. Details of (a) above –
(Please enclose self-attested Certificates)
9. Details of Employments in last two years:
10. Contact details of past employer(s):
I hereby declare that the above information is true and correct to best of my knowledge. If any information is found incorrect I shall be liable for action as per applicable Law.
Name: Date:
Signature: Place:
TERMS AND CONDITIONS FOR APPOINTMENT OF DRAFTING COUNSEL/ASSOCIATES: –
I) The Drafting Counsel/Associate so appointed are supposed to attend the office of the Official Liquidator 5 days a week i.e. Monday to Friday from 9.3o a.m. to 6.00 pm. and any other days, if required by the Official Liquidator from time to time;
II) To do the work assigned by the Official Liquidator and any other authorized officer of the Official Liquidator;
III) All public holidays as applicable to the office of the official Liquidator are applicable to the Drafting Counsel/Associate so appointed unless and until specially instructed by the Official Liquidator;
IV) Drafting Counsel/Associate so appointed will be allowed to take one day paid leave for every month with prior approval of the Official Liquidator and if Drafting Counsel/Associate absent for more than a day then his/her remuneration will be deducted for such absence;
V) The Official Liquidator may terminate the services of the Drafting Counsel/Associate without assigning any reasons in case if the Drafting Counsel/Associate is absents himself/herself for consecutive 2 days or 3 days in a month without any approval OR in case performance of the Drafting Counsel/Associates is not satisfactory OR for any other reason to be recorded in writing by Official Liquidator;
VI) A remuneration of Rs.5o,o00/- per month, per Drafting Counsel/Associate will be paid, subject to TDS, and any other applicable taxes if any:
VII) The appointment of Drafting Counsel/Associate shall be for tenure of 12 months starting from the date of appointment:
VIII) Contract of Drafting Counsel/Associate would be terminable by either side at any time with Notice of one month, without assigning any reason;
IX) Drafting Counsel/Associate are expected to maintain the dignity and decorum of the office.
X) Drafting Counsel/Associate should not disclose information/documents of the office of the Official Liquidator with which he has dealt with to any third party during the tenure as a Drafting Counsel/Associate and even after resignation without prior approval of the Office of the Official Liquidator.
XI) The Official Liquidator is entitled to frame such other suitable rule as may be deemed fit for the conduct and regulation of the service of the Drafting Counsel/Associate.
Dated this 12 day of October, 2023.
OFFICIAL LIQUIDATOR
HIGH COURT, BOMBAY
Institute of Company Secretaries of India
ATTENTION STUDENT
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IMPORTANT DATE(S) FOR DECEMBER, 2023 EXAMINAION |
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| Sl. No. | Name of enrolment Services | Start Date | End Date |
| 1 |
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11th October,2023
20th October,2023 (Reopened) |
17th October,2023 upto 15:59 Hours
20th November,2023 upto 16:00 Hours |
| 2 | Above Services are available at the following link: https://smash.icsi.edu/
Process for Change of Centre/Module/Medium as : LOGIN – SMASH (https://smash.icsi.edu/scripts/login.aspx) => MODULE=> ENROLMENT=> EXAMINATION ENROLLMENT REQUEST => APPLY FOR ENROLMENT SERVICES => (SELECT SERVICE AS REQUIRED) INTER CHANGE OF MODULE CENTER CHANGE MEDIUM CHANGE=>NEXT=> CLICK ON DISCLAIMER CHECK BOX => NEXT=>PROCEED TO PAYMENT GATEWAY=> SELECT PAYMENT MODE=> PROCEED TO PAYMENT=> SUBMIT ******* Process for Change of optional subject with requisite fee LOGIN –SMASH (https://smash.icsi.edu/scripts/login.aspx) => MODULE=> STUDENT SERVICES=>CHANGE OPTIONAL SUBJECT=>SELECT NEW OPTIONAL SUBJECT=> SAVE=> PROCEED TO PAYMENT GATEWAY=> SELECT PAYMENT MODE=> PROCEED TO PAYMENT=>SUBMIT **** Process for Cancellation of Exemption Request LOGIN –SMASH (https://smash.icsi.edu/scripts/login.aspx) => CLICK ON MODULE=> SUBJECT EXEMPTION=> EXEMPTED SUBJECTS=> SELECT THE CHECK BOX OF THE SUBJECT THE STUDENT WANT TO CANCEL UNDER CURRENT SYLLABUS AND THEN CLICK ON CANCEL EXEMPTION *** Process for Re-submission of Call for Documents for granting exemption LOGIN – SMASH (https://smash.icsi.edu/scripts/login.aspx) =>MODULE=> SUBJECT EXEMPTION=> QUALIFICATION BASED EXEMPTION REQUEST=> CLICK ON CHECK BOX AND SELECT SUBJECT=> EDIT=> SELECT DOCUMENT TYPE AND THEN CHOOSE FILE AND UPLOAD-SUBMIT REMARKS AND THEN CLICK ON RESUBMIT=>AFTER CLICKING ON RESUBMIT BUTTON MESSAGE WILL COME AND THEN CLICK ON OK |
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NOTE: May please note the following:
- Fee for Change of Exam Centre / Interchange of Module /Medium/ Optional subject is ₹ 250/-Each change(s)
- In case of submission of request for Change of Examination Centre from any of the Centre(s) located in India to Dubai, Surcharge of US$ 100 or its equivalent amount in Indian rupee i.e. ₹ 8295/= will be applicable in addition to the prescribed fee of ₹ 250/-.
- Request for addition / deletion of number of module(s) and also request for change of Examination Centre within the city (where is multiple Centre in a city) is not allowed.
REQUESTS FOR CHANGES, IF ANY, RECEIVED AFTER THE LAST DATE I.E. 20/11/2023 UPTO 16:00 HOURS WILL BE REJECTED WITHOUT FURTHER NOTICE
Student(s) can post query pertaining to Examination Enrolment, Switchover, Optional subject & Paperwise Exemption at Grievance Portal: https://support.icsi.edu
Team ICSI
Dated: 25.10.2023
