Key Take Away from newly introduced Company Secretaries (Amendment) Regulations, 2020
♦ New Admissions to the Foundation Programme of CS Course stands discontinued.
(Note : Existing Foundation Programme Students shall be allowed to appear in the Foundation Programme Examinations till expiry of the validity of their registrations. Such students, after passing the Foundation Programme Examinations, may register for Executive Programme as per existing process.)
♦ CS Executive Entrance Test (CSEET) is being introduced which will be a mandatory qualifying test for all categories of students for registration to Executive Programme except a few exempted categories. Graduates / Post Graduates, who were hitherto eligible to seek registration directly to Executive Programme, will also have to qualify the CSEET to become eligible for registration to Executive Programme.
♦ An aggregate of 50% and minimum 40% marks in each subject will be the qualifying criteria for CSEET. The duration of CSEET shall be 135 minutes (120 Minutes for MCQ test and 15 minutes for Viva Voce). There will be no negative marking
♦Pre examination Test: The Institute may conduct pre-exam test before the Professional Programme Examination in such manner and mode as may be determined by the Council.
♦ A student who is undergoing training may continue and complete the training in accordance with the old Provisions.
♦ A student who had commenced training but subsequently discontinued the same shall resume his remaining training within six months from the date of commencement of this Chapter
♦ Where a student on the date of commencement of the provisions of this Chapter has passed the Executive Programme Examination and is willing to undergo practical training of two years in accordance with the provisions of Chapter VIA, he shall commence the practical training within six months from the date of commencement of the provisions of this Chapter
♦ Where a student who, irrespective of the date of his registration to Executive Programme or Professional Programme, has not commenced his training within the period prescribed in sub-regulation (3), shall undergo practical training in accordance with the provisions of this Chapter as given below:
New Training Structure:
♦ Executive Development Programme (EDP) for one month duration after passing of Executive Programme examination.
♦ Practical training for twenty one months after completion of Executive Development Programme on whole time basis during normal working hours
♦ After passing the Professional Programme Examination, a Corporate Leadership Development Programme (CLDP) for not less than thirty days but not exceeding sixty days as may be determined by the Institute.
♦ The member of ICSI has to inform Institute any change of his details entered in the Register, within thirty days of such change.
Refresher Course for Members
♦ The Institute shall conduct refresher course and examination thereto for the members in such manner, mode and after such interval as may be determined by the Council.
♦ It shall be mandatory for the member either to undergo such refresher course or to appear in examination conducted by the Institute.
♦ A member may undergo such refresher course as well as appear in examination also: Provided that the Institute may grant exemption from undergoing refresher course to the member who fulfil such criteria as may be determined by the Council.
♦ A member seeking exemption under the provision of this regulation shall make an application to the Institute in such Form, manner, mode and along with such fees as may be determined by the Council.”
(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at [email protected])