ICSI

Crux of SS-3 – Secretarial Standard on Dividend

CA, CS, CMA - 1. Dividend shall be paid out of the profits of the financial year for which such Dividend is sought to be declared and/or out of profits for any previous financial year(s) which remains undistributed after providing for depreciation in accordance with the provisions of the Act. Dividend may also be declared out of money provided [&hellip...

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Complete Analysis of Companies (Amendment) Bill, 2017

CA, CS, CMA - ICSI- HIGHLIGHTS  / COMPLETE ANALYSIS OF THE COMPANIES (AMENDMENT) BILL, 2017 The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. It shall come into force on getting the President’s assent. The amendments under the Companies (Amendment) Bill, 2017, are ...

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Analysis on revised Secretarial Standard 2

CA, CS, CMA - The Institute of Company Secretaries of India (ICSI) has recently revised the Secretarial Standard on Meeting of the Board of Directors (SS 1) and General Meeting (SS 2). The enforce ability of SS 1 and SS 2 comes from the provisions of section 118(10) of the Companies Act, 2013 (Act, 2013). The earlier SS 1 and SS 2 were made effective f...

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Comparative Chart on Revised Secretarial Standard – 1

CA, CS, CMA - Scope:- This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board. The principles enunciated in this Standard for Meetings of the Board of Directors are also applicable to Meetings of Committee (s) of the Bo...

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Major Amendment in Secretarial Standard 1- Meeting of Board of Directors

CA, CS, CMA - Revised Secretarial Standard shall be effective w.e.f. 1st October, 2017. There are some alterations made in the revised SS-1 in comparison to former SS-1.This Standard prescribes a set of principles for convening and conducting Meetings of the Board of Directors and matters related thereto....

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ICSI Secretarial Standard on Dividend (SS-3)

CA, CS, CMA - SECRETARIAL STANDARD ON DIVIDEND- The following is text of the Secretarial Standard-3 (SS-3) on Dividend, issued by Council of Institute of Company Secretaries of India. Adherence to this Secretarial Standard is recommendatory....

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ICSI & NSD Council to Develop GST Accounts Assistants

CA, CS, CMA - The Hon’ble Prime Minister of India, Shri Narendra Modi, while inaugurating Year-Long Golden Jubilee Celebrations of the ICSI on 4th October, 2017 at New Delhi, and with the objective that the benefits of the GST reached one and all, had emphasised on the need to spread the awareness and benefits of GST ...

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NFRA to be set-up soon; Will take disciplinary action against errant CAs, CSs & Cost Accountants

CA, CS, CMA - Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual Returns for a continuous period of three (3) financial years during 2013-14 to [&hel...

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ICSI Corporate Anti-Bribery Code

CA, CS, CMA - ICSI Institute has come up with a well-researched Corporate Anti-Bribery Code. Code would supplement the government's initiative towards building a corruption free New India by 2022....

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Golden Years of ICSI Journey

CA, CS, CMA - A Jubilee is a carnival in the life of any Institution as it keeps making the entire commune to relish the successful assignment of the lighted torch from one spearhead to another and the Golden Jubilee is a grand celebration for that Institute to look back on significant milestone of their hard work, dedication and good work, and also to...

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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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HC Order allowing CA, CMA and CS to appear before VAT Authorities

Tax Lawyers Association Lko.Throu General Secy.& Anr. Vs State Of U.P. Thru. Prin. Secy.Tax & Registration U.P.Lko.& Ors (Allahabad High Court) - the writ petition, which has been admitted by an order passed the Division Bench on 6 August 2014, there is a challenge to the validity of Rule 73 of the U.P. Value Added Tax Rules, 2008 on the ground that they are ultra vires the provisions of the U.P. Value Added Tax Act, 2008 and the Advocates A...

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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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Reg. Committee to dispose disciplinary cases in Profession Institutes

No.1-CA(10)/199/2017 - (19/04/2017) - The Government, in supersession of its earlier Order dated 27th March, 2017 has issued a revised Order dated 10th April, 2017 amplifying the Terms of Reference of the High Level Committee to look into issues related to disposal of the disciplinary cases in the professional Institutes....

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Recent Posts in "ICSI"

Crux of SS-3 – Secretarial Standard on Dividend

1. Dividend shall be paid out of the profits of the financial year for which such Dividend is sought to be declared and/or out of profits for any previous financial year(s) which remains undistributed after providing for depreciation in accordance with the provisions of the Act. Dividend may also be declared out of money provided [&hellip...

Read More
Posted Under: CA, CS, CMA |

Complete Analysis of Companies (Amendment) Bill, 2017

ICSI- HIGHLIGHTS  / COMPLETE ANALYSIS OF THE COMPANIES (AMENDMENT) BILL, 2017 The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. It shall come into force on getting the President’s assent. The amendments under the Companies (Amendment) Bill, 2017, are ...

Read More

ICSI Secretarial Standard on Dividend (SS-3)

SECRETARIAL STANDARD ON DIVIDEND- The following is text of the Secretarial Standard-3 (SS-3) on Dividend, issued by Council of Institute of Company Secretaries of India. Adherence to this Secretarial Standard is recommendatory....

Read More
Posted Under: CA, CS, CMA |

ICSI & NSD Council to Develop GST Accounts Assistants

The Hon’ble Prime Minister of India, Shri Narendra Modi, while inaugurating Year-Long Golden Jubilee Celebrations of the ICSI on 4th October, 2017 at New Delhi, and with the objective that the benefits of the GST reached one and all, had emphasised on the need to spread the awareness and benefits of GST ...

Read More
Posted Under: CA, CS, CMA |

NFRA to be set-up soon; Will take disciplinary action against errant CAs, CSs & Cost Accountants

Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual Returns for a continuous period of three (3) financial years during 2013-14 to [&hel...

Read More
Posted Under: CA, CS, CMA |

ICSI Corporate Anti-Bribery Code

ICSI Institute has come up with a well-researched Corporate Anti-Bribery Code. Code would supplement the government's initiative towards building a corruption free New India by 2022....

Read More
Posted Under: CA, CS, CMA |

Golden Years of ICSI Journey

A Jubilee is a carnival in the life of any Institution as it keeps making the entire commune to relish the successful assignment of the lighted torch from one spearhead to another and the Golden Jubilee is a grand celebration for that Institute to look back on significant milestone of their hard work, dedication and good work, and also to...

Read More
Posted Under: CA, CS, CMA |

ICSI Model Governance Code for Meetings of Gram Panchayats

The Model Governance Code for Meetings of Gram Panchayats is ICSI's social initiative to facilitate the implementation of standard practices in convening the meeting of Panchayats. Though voluntary in nature, this Code is intended to sensitize the elected representatives of the panchayats regarding their roles and responsibilities, bring ...

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Posted Under: CA, CS, CMA |

ICSI Guidance Note on General Meeting

Guidance Note on Secretarial Standard on General Meetings (SS-2) sets out the explanations, procedures and practical aspects in respect of the provisions contained in revised SS-2 (effective from 1st October, 2017) to facilitate compliance thereof by the stakeholders....

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Posted Under: CA, CS, CMA |

ICSI Guidance Note on Meeting of Board of Directors

Guidance Note on Secretarial Standard on Meetings of the Board of Directors (SS-1) sets out the explanations, procedures and practical aspects in respect of the provisions contained in revised SS-1 (effective from 1st October, 2017) to facilitate compliance thereof by the stakeholders....

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Posted Under: CA, CS, CMA |
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