ICSI

Secretarial Audit Restructuring Audit Framework

CA, CS, CMA - Secretarial Audit: Introduction Secretarial Audit is a health check up process of an organization whereby the Practicing Professional verifies the correctness and reliability of compliance management system in order to ensure compliances of applicable laws by the company. Secretarial Audit is a process to check compliance with the provisi...

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Auditing Standards Issued By ICSI

CA, CS, CMA - ICSI has recently issued four Auditing Standards for the members in practice in order to enable them to carry out the audit engagements more effectively. The four Auditing Standards are: CSAS-1 Auditing Standard on Audit Engagement CSAS-2 Auditing Standard on Audit Process and Documentation CSAS-3- Auditing Standard on Forming of Opinion ...

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ICSI Auditing Standards

CA, CS, CMA - CSAS-1 Auditing Standard on Audit Engagement Applicability: 1. Applicable to Auditor undertaking Audit Engagement under any Statute. 2. CSAS-1 deals with the Auditor’s role and responsibilities w.r.t Audit Engagement and the process of entering into an understanding/ agreement with the Appointing Authority. – Effective Date: Objec...

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How CS student can Prepare Company Law Paper?

CA, CS, CMA - Dear future Company Secretaries, You all would be worried of your exams as only one month is there to fight and win the battle of CS Exams. Some of you will be fighting for the first time and some of you will be fighting the battle with a hope that this time I will win……Take […]...

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Frequently Asked Questions On e-Form Active

CA, CS, CMA - Q.1. What is E-form ACTIVE? ACTIVE stands for Active Company Tagging Identities and Verification. The Ministry of Corporate Affairs has introduced the same for address validation of Active companies. Q.2. What is the applicability of the form? The form is applicable to every company incorporated on or before the 31st December, 2017. Such ...

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ICSI to implement eCSIN and UDIN w.e.f 1st October, 2019

CA, CS, CMA - 1. Letter dated 17th June, 2019 received from MCA regarding difficulty in filing Form INC 22A (ACTM). 2. Implementation of Employee Company Secretary Identification Number (eCSIN) Guidelines. 3. Implementation of Unique Document Identification Number (UDIN) Guidelines....

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Appointment of CS Mandatory for Strengthening Governance Framework

CA, CS, CMA - ICSI being the parent organization of Governance professionals in India believes in having strong credentials in corporate governance. Improving the level of transparency and accountability shall go a long way in strengthening the Corporate governance framework of the nation...

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Form DPT 3: ICSI seek clarification on Audit Requirement, Nil Return, Amount to Include

CA, CS, CMA - ICSI has made a representation to Minister of Corporate Affairs and requested to clarify – 1. w.r.t requirement of the Audit of financials for the purpose of filing of Form DPT – 3, 2. In case of one-time DPT -3 return a. Whether the amount received before 1st April, 2014 is to be included if […]...

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ICSI Payment of Annual Membership & COP Fee- Last Date 30.06.2019

CA, CS, CMA - The annual membership fee and certificate of practice fee for the year 2019-2020 has become due for payment w.e.f. 1st April, 2019. The last date for the payment of annual membership fee is 30th June, 2019. Kindly go through the Frequently Asked Questions given on the home page www.icsi.edu right top corner....

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ICSI Guidance Note on Report of Board of Directors

CA, CS, CMA - The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. The Board’s Report provides the stakeholders with both financial and non-financial information, including the performance and prospects of the company, relevant changes in the management and capital structure...

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Fees for certified copies sought under RTI cannot be charged under CS Act, 1980

ICSI Vs Paras Jain (Supreme Court of India) - Avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act and in Company Secretaries Act, 1980. We are cognizant of the fact that guidelines of the appellant, framed by its statutory council, are to govern the modalities of its day-to­day concerns an...

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CS found guilty of filing Compliance Certificate without Due Diligence

Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye - Shri Rajev M. Bhingarde Vs Shri Hemant S. Shetye (Disciplinary Committee, ICSI) Disciplinary Committee after considered all the material on record, the nature of issues involved and in the totality of the circumstances of the case and the Respondent pleaded guilty only to the charge of not exercisin...

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Order on quantum of Punishment without providing opportunity of being heard is invalid

Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) - Gayathri Pasarakayala Vs Disciplinary Committee (ICSI Appellate Authority) It is clear that the Disciplinary Committee has not followed the due procedure as prescribed statutorily as no opportunity of being heard was provided to Ms. Gayathri Pasarakayala on the question of quantum of punishment irre...

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CS Guilty of Misconduct for suppressing Enrollment as Advocate

Shri Hitender Kumar Mehta Vs Shri Rajiv Bajaj (ICSI Discipilinar Committee) - Shri Hitender Kumar Mehta Vs Shri Rajiv Bajaj (ICSI Discipilinar Committee) The Disciplinary Committee, after considering all material on record, the provisions of the Company Secretaries Act, 1980, the Regulations and Rules made there under; the legal opinions sought in the matter, the prima-facie ...

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Working as Asst CS/ Management Trainee cannot be considered as equal to CS

Ritu Bhatia Vs Ministry Of Civil Supplies consumer Affairs & Public Distribution And Others (Supreme Court of India) - Working experience as an Assistant Company Secretary or a Management Trainee cannot be treated as equal to a Company Secretary so as to become eligible for the post of Company Secretary....

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Change in Constitution of Appellate Authority under CA, CS, CMA Laws

G.S.R. 413(E) - (10/12/2016) - Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws...

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ICSI notifies elected Regional Council members of EIRC, SIRC, NIRC

Notification No. 4, 5 & 6 of 2018 - (31/12/2018) - Following members have been declared elected from EIRC, SIRC, NIRC (in the order elected) after the counting of votes held from 28th December, 2018 to 31st December, 2018...

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List of candidates elected to 13th Council of ICSI

Notification No. 3 of 2018 - (27/12/2018) - List of candidates elected to 13th Council of ICSI for Eastern India Regional Constituency (EIRC), Northern India Regional Constituency (NIRC), Southern India Regional Constituency (SIRC) and Western India Regional Constituency (WIRC). THE INSTITUTE OF COMPANY SECRETARIES OF INDIA NOTIFICATION New D...

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Experience of CS management training & Mere uploading of ROC Returns cannot be considered as experience in management: IBBI

(applicant) and a professional member of the ICSI Institute of Insolvency Professionals (ICSI IIP) submitted an application under regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (IP Regulations) seeking a certificate of registration as an Ins...

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ICSI withdraws existing SS-1 and SS-2 w.e.f. 30th September, 2017, Revised SS-1 & to be introduced w.e.f. 01.10.2017

F. No. ICSI/6/2017 - (16/08/2017) - F. No. ICSI/6/2017.—The Notification ICSI No.1 (SS) of 2015 dated 23rd April, 2015, published in the Gazette of India, Part III, Section 4, with regard to (i) SS-1: Secretarial Standard on Meetings of the Board of Directors and (ii) SS-2: Secretarial Standard on General Meetings, stands withdrawn*...

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Recent Posts in "ICSI"

ICSI to implement eCSIN and UDIN w.e.f 1st October, 2019

1. Letter dated 17th June, 2019 received from MCA regarding difficulty in filing Form INC 22A (ACTM). 2. Implementation of Employee Company Secretary Identification Number (eCSIN) Guidelines. 3. Implementation of Unique Document Identification Number (UDIN) Guidelines....

Read More
Posted Under: Company Law |

Appointment of CS Mandatory for Strengthening Governance Framework

ICSI being the parent organization of Governance professionals in India believes in having strong credentials in corporate governance. Improving the level of transparency and accountability shall go a long way in strengthening the Corporate governance framework of the nation...

Read More
Posted Under: Company Law |

Form DPT 3: ICSI seek clarification on Audit Requirement, Nil Return, Amount to Include

ICSI has made a representation to Minister of Corporate Affairs and requested to clarify – 1. w.r.t requirement of the Audit of financials for the purpose of filing of Form DPT – 3, 2. In case of one-time DPT -3 return a. Whether the amount received before 1st April, 2014 is to be included if […]...

Read More
Posted Under: Company Law | ,

ICSI Payment of Annual Membership & COP Fee- Last Date 30.06.2019

The annual membership fee and certificate of practice fee for the year 2019-2020 has become due for payment w.e.f. 1st April, 2019. The last date for the payment of annual membership fee is 30th June, 2019. Kindly go through the Frequently Asked Questions given on the home page www.icsi.edu right top corner....

Read More
Posted Under: Company Law |

Secretarial Audit Restructuring Audit Framework

Secretarial Audit: Introduction Secretarial Audit is a health check up process of an organization whereby the Practicing Professional verifies the correctness and reliability of compliance management system in order to ensure compliances of applicable laws by the company. Secretarial Audit is a process to check compliance with the provisi...

Read More
Posted Under: Company Law |

Auditing Standards Issued By ICSI

ICSI has recently issued four Auditing Standards for the members in practice in order to enable them to carry out the audit engagements more effectively. The four Auditing Standards are: CSAS-1 Auditing Standard on Audit Engagement CSAS-2 Auditing Standard on Audit Process and Documentation CSAS-3- Auditing Standard on Forming of Opinion ...

Read More
Posted Under: Company Law |

Change in Constitution of Appellate Authority under CA, CS, CMA Laws

G.S.R. 413(E) (10/12/2016)

Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws...

Read More

ICSI Guidance Note on Report of Board of Directors

The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. The Board’s Report provides the stakeholders with both financial and non-financial information, including the performance and prospects of the company, relevant changes in the management and capital structure...

Read More
Posted Under: Company Law |

ICSI Auditing Standards

CSAS-1 Auditing Standard on Audit Engagement Applicability: 1. Applicable to Auditor undertaking Audit Engagement under any Statute. 2. CSAS-1 deals with the Auditor’s role and responsibilities w.r.t Audit Engagement and the process of entering into an understanding/ agreement with the Appointing Authority. – Effective Date: Objec...

Read More
Posted Under: Company Law |

13 recent important decisions taken by ICSI Council

Ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS - (i) The ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS is 5 (five) reports individually/ per partner in each financial year w.e.f. April 1, 2020 and an additional limit of 5 (five) Secretarial Compliance Reports individually/ p...

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Posted Under: Company Law |

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