ICSI

CRUX ON SS-4 : Secretarial Standard on Report of Board of Directors

Company Law - EFFECTIVE DATE  – Secretarial Standard 4 on Report of Board Of Directors shall come into effect from 1st October, 2018. This Standard is issued by the Council of the Institute of Company Secretaries of India and may be called the Secretarial Standard-4 (SS-4) on ‘Report of the Board of Directors’. The Secretarial Stand...

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All about Company Secretary (CS)

Company Law - Company Secretary is a professional course conducted by Institute of Company Secretaries of India after passing course one can became professional deals in Corporate law. One can opt either to do job or its own practice or move abroad. A company secretary is a senior position in all listed Company and all other company having paid up [&...

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Scope for CS Under Intellectual Property Right (IPR) Law

Company Law - INTRODUCTION Intellectual property (IP) pertains to any original creation of the human intellect such as artistic, literary, technical, or scientific creation. Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time. These legal rights...

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SS-4 on Board Report notified by ICSI

Company Law - After issuing SS1, SS2 and SS3, today ICSI notified Secretarial Standard on Board Report effective from October 1, 2018. Currently it is voluntary for adoption by the Company...

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10 FAQs on Goods & Services Tax (GST ) for Company Secretaries

Company Law - Q.1  What are the opportunities available for Company Secretaries under Goods and Services Tax regime? Ans. Under Goods and Services Tax, a Company Secretary has the following opportunities: To act as a GST Practitioner Pursuant to Section 48 of CGST Act, 2017 read with Rule 83 of Central Goods and Services Tax Rules, 2017 (CGST [&hellip...

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Extend last date for annual filing under Companies Act, 2013: ICSI

Company Law - ICSI received many requests from companies/ professionals for extension of last date for filing of annual forms due to the following reasons:...

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Extend due date of AGM and Annual E-forms for Kerala Companies: ICSI

Company Law - As you are kindly aware, under the provisions of Companies Act 2013, every company is required to hold an Annual General Meeting in each year within a period of six months from the date of closing of financial year, which in majority cases, falls in September, 2018....

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Form DIR-3 KYC- No further extension- ICSI Representation- Din Deactivation Starts

Company Law - Last date for filing form DIR-3 KYC without fee has expired on 15th September 2018. The process of deactivating the non-compliant DINs is in progress and is likely to be completed by 17th September 2018. Please note that the form DIR-3 KYC will not be available for filing during the pendency of this activity (from 16th September 2018 to 1...

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ICSI represents on Name Availability, Company Incorporation, DIR 3 KYC & DIN Issues

Company Law - This is in continuation to the meeting held with your goodself on August 16,2018. As you are kindly aware, the Institute of Company Secretaries of India has always pioneered the cause of good governance, the implementation of the law in true letter and spirit while keeping in sight the best interests of all stakeholders....

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ICSI represents on 7 Practical issues in Companies Law Rules

Company Law - Sir, the Institute of Company Secretaries of India has always championed the implementation of the provisions of the law in true letter and spirit so as to promote and pursue good corporate governance. At the same time it has always held an empathetic view towards the concerns of the stakeholders....

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Appellate Authority cannot review its own order under CS Act, 1980

Mr. Ashwani Khanna Vs. ICSI (Appellate Authority) - In view of our another Order dated 3rdFebruary, 2018 passed in an Appeal No. 10/ICSI/2015 namely Benny Methew vs. ICSI, we have already held that this Authority does not have the power to review its own Orders either expressly or by necessary implication....

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CS held guilty of negligence in issue of Compliance Certificate

SFIO, MCA Vs. Mohammed Haroon Rasheed Aabid (Disciplinary Committee of ICSI) - Respondent has admitted to have not visited the office of the City group companies but has relied merely on the instructions of one Shri Kaiser Baig rather than verifying the records himself at the office of the company. ...

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Negligence in filing Form-32 by CS constitutes Misconduct: AA

Sital Prasad Swain Vs Disciplinary Committee (Authority For Advance Ruling) - Sital Prasad Swain Vs Disciplinary Committee (Appellate Authority) It is pained to note that none of the parties filed the original minute books or the resolution passed which are the subject matter relevant to the filing of two forms i.e. Form-32 filed for the appointment of Shri Bishender Singh as...

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ICSI AA reduces penalty for professional misconduct on errant member

Praveen Kumar Kanungo Vs. Disciplinary Committee Institute of Company Secretaries of India (Appellate Authority Constituted Under The Company Secretaries Act, 1980) - We are of the considered view that punishment awarded to the Appellant in the present matter is certainly on the higher side, enormous and harsh in comparison with the punishment awarded to the errant members of the Institute by the Disciplinary Committee for the violation of same professional misco...

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ICSI cannot charge fees for answer sheet copies in excess of Fees provided under RTI Act, 2005

Landmark Judgement: Paras Jain V. ICSI (Delhi High Court) - A division bench of Delhi High Court held that the demand of the institute i.e., ICSI, asking students for a fee of INR 500 per subject/answer book for obtaining certified copies is not sustainable....

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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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ICSI revises membership fee w.e.f. 1st April, 2017-Notification + FAQs

ICSI/05/May/2017 - (05/05/2017) - 1. The Council of the ICSI in its 236th meeting held on 29- 30th March, 2016 had revised various membership fee w.e.f. 1st April, 2017 as under-...

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ICSI: Revision in existing guidelines for transfer of training from one trainer to another trainer

ICSI/Training/2017/02 - (05/05/2017) - ICSI Council of the Institute has approved following Revision in existing guidelines for transfer of training from one trainer to another trainer w.e.f 01.06.2017...

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Revised Eligibility criteria for registration of CS firms & LLPs for imparting training to CS student

ICSI/Training/2017/01 - (05/05/2017) - In exercising its power under Section 15 of CS Act 1980, the Council of the Institute has approved the following eligibility criteria for registration of CS firms & LLPs for imparting training to CS Students w.e.f 01.06.2017...

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Recent Posts in "ICSI"

CRUX ON SS-4 : Secretarial Standard on Report of Board of Directors

EFFECTIVE DATE  – Secretarial Standard 4 on Report of Board Of Directors shall come into effect from 1st October, 2018. This Standard is issued by the Council of the Institute of Company Secretaries of India and may be called the Secretarial Standard-4 (SS-4) on ‘Report of the Board of Directors’. The Secretarial Stand...

Read More

All about Company Secretary (CS)

Company Secretary is a professional course conducted by Institute of Company Secretaries of India after passing course one can became professional deals in Corporate law. One can opt either to do job or its own practice or move abroad. A company secretary is a senior position in all listed Company and all other company having paid up [&...

Read More

Extend last date for annual filing under Companies Act, 2013: ICSI

ICSI received many requests from companies/ professionals for extension of last date for filing of annual forms due to the following reasons:...

Read More

Appellate Authority cannot review its own order under CS Act, 1980

Mr. Ashwani Khanna Vs. ICSI (Appellate Authority)

In view of our another Order dated 3rdFebruary, 2018 passed in an Appeal No. 10/ICSI/2015 namely Benny Methew vs. ICSI, we have already held that this Authority does not have the power to review its own Orders either expressly or by necessary implication....

Read More

CS held guilty of negligence in issue of Compliance Certificate

SFIO, MCA Vs. Mohammed Haroon Rasheed Aabid (Disciplinary Committee of ICSI)

Respondent has admitted to have not visited the office of the City group companies but has relied merely on the instructions of one Shri Kaiser Baig rather than verifying the records himself at the office of the company. ...

Read More

Scope for CS Under Intellectual Property Right (IPR) Law

INTRODUCTION Intellectual property (IP) pertains to any original creation of the human intellect such as artistic, literary, technical, or scientific creation. Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time. These legal rights...

Read More

Negligence in filing Form-32 by CS constitutes Misconduct: AA

Sital Prasad Swain Vs Disciplinary Committee (Authority For Advance Ruling)

Sital Prasad Swain Vs Disciplinary Committee (Appellate Authority) It is pained to note that none of the parties filed the original minute books or the resolution passed which are the subject matter relevant to the filing of two forms i.e. Form-32 filed for the appointment of Shri Bishender Singh as an Additional / Promoter Director [&hel...

Read More

SS-4 on Board Report notified by ICSI

After issuing SS1, SS2 and SS3, today ICSI notified Secretarial Standard on Board Report effective from October 1, 2018. Currently it is voluntary for adoption by the Company...

Read More

10 FAQs on Goods & Services Tax (GST ) for Company Secretaries

Q.1  What are the opportunities available for Company Secretaries under Goods and Services Tax regime? Ans. Under Goods and Services Tax, a Company Secretary has the following opportunities: To act as a GST Practitioner Pursuant to Section 48 of CGST Act, 2017 read with Rule 83 of Central Goods and Services Tax Rules, 2017 (CGST [&hellip...

Read More

Extend due date of AGM and Annual E-forms for Kerala Companies: ICSI

MCA/2018 (14/09/2018)

As you are kindly aware, under the provisions of Companies Act 2013, every company is required to hold an Annual General Meeting in each year within a period of six months from the date of closing of financial year, which in majority cases, falls in September, 2018....

Read More

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