tag:blogger.com,1999:blog-91919190805505406852024-03-29T16:33:47.567+05:30See Yes -> Yes, ACSSee Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.comBlogger5291500tag:blogger.com,1999:blog-9191919080550540685.post-84100788816406446742024-02-24T17:43:00.004+05:302024-02-24T17:45:44.537+05:30CS Results and Quizzinar for Company Secretary Students on Corporate Law by Lalot on February 29, 2024<p>Hey CS Aspirants,</p><p><br /></p><p>We hope this message finds you well. As your journey to excel in the Company Secretary (CS) examinations continues, we have some important updates and reminders for you.</p><p><br /></p><p>ICSI CS Results Announcement</p><p><br /></p><p>The Institute of Company Secretaries of India (ICSI) is set to declare the much-anticipated results for the CS examinations. Mark your calendars for these crucial timings:</p><p><br /></p><p><br /></p><p>CS Professional Programme Results: February 25th at 11:00 AMđ</p><p><br /></p><p>CS Executive Programme Results: February 25th at 2:00 PMđ</p><p><br /></p><p>Prepare to discover your outcomes and take the next step in your professional journey. You can check your results directly by visiting <a href="https://icsi.examresults.net/">https://icsi.examresults.net/</a>.</p><p><br /></p><p><br /></p><p>We wish you all the very best for your results!đ</p><p><br /></p><p><br /></p><p>Quizzinar Reminder: "CS Quizzinar: Proven Strategies to Excel"đâš</p><p><br /></p><p>Regardless of the outcome of your results, your path to success doesn't end here. We're here to support you through our upcoming Quizzinar, designed to bolster your CS journey:</p><p><br /></p><p>We are also giving out Free CS study material to all the participants joining the Quizzinar. So don't miss out. Register at <a href="http://www.lalot.in">www.lalot.in</a> </p><p><br /></p><p>Why You Should Attend:</p><p><br /></p><p>â
New to CS?</p><p> Get a foundational understanding that sets you on the right path.</p><p><br /></p><p>â
Currently Studying for CS?</p><p>Receive invaluable study aids and insights into the professional course, boosting your preparation.</p><p><br /></p><p>â
Enrolled in the Professional Programme?</p><p>Learn expert strategies to ace your exams and stand out.</p><p><br /></p><p><br /></p><p>Don't miss this opportunity to elevate your preparation and confidence. We're excited to assist you in achieving your aspirations. đȘ</p><p><br /></p><p>Let's conquer this together! đ</p>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-63570893164176158252023-10-17T22:13:00.001+05:302023-10-17T22:13:27.074+05:30Register on October 17, 18, 19 now to appear for December 2023 Company Secretary exams!<p>Register on October 17, 18, 19 now to appear for December 2023 Company Secretary exams!<br /><br />Dear All,</p><p>Since the last date for December 2023 exam enrolment has already been over i.e., October 10, 2023, we are pleased to inform that the Institute has decided to facilitate such Students who have missed to submit the exam enrolment form for the December 2023 session of Examination.</p><p>In light of the aforementioned, the Institute has reopened the Examination Enrolment Window for December, 2023 Session from <b><u>16.00 hrs on October 17, 2023 till 23:59 hrs on October 19, 2023</u></b> with the Addition of Module & Exemption on the basis of Higher Qualification. </p><p>For registration, visit https://smash.icsi.edu/scripts/login.aspx </p><div><br /></div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-11692383132960056852023-08-30T14:06:00.003+05:302023-08-30T14:07:49.691+05:30Foreign Trade Policy FTP 2023 Amendment for CS Executive December 2023 exams @ webinar<p><b>Foreign Trade Policy (FTP)</b> used to be published once in 5 years, with amendments on yearly basis or as & when basis. From April 2023, the Director General of Foreign Trade (<b>DGFT</b>) under the Ministry of Commerce & Industry (<b>MCI</b>) using the powers given under the Foreign Trade (Development and Regulation) Act, 1992 (<b>FTDR</b>) has decided to bring <b>FTP 2023</b>, which can be updated as & when required. </p><p>FTP governs what can come into India (<b>imports</b>) and what can go out of India (<b>exports</b>). The recently contemplated laptop import ban will be regulated under FTP. With your study for Company Secretary Executive Program, you will start understanding the laws applicable for every news item you see in the media. </p><p><br /></p><p>As this amendment of FTP 2023 came 6 months before December 2023 CS exams, by replacing FTP 2014-2019, as amended, as given in ICSI Study Material, this becomes applicable for the Paper on <b>Economic, Commercial and Intellectual Property Laws (ECIPL)</b> under CS Executive New Syllabus or <b>Economic, Business and Commercial Laws (EBCL)</b> under CS Executive Old Syllabus. </p><p><br /></p><p>A concise study material on FTP 2023 (from exam point of view), which will help you to score <b>upto 10 marks in Company Secretary Executive Exams</b> for December 2023, will be provided for free for CS webinar attendees at 7pm on 2/9/23 (Saturday) at <a href="https://lalot.in/cs-coaching-institute-webinar-fb/">https://lalot.in/cs-coaching-institute-webinar-fb/</a></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1mi_wLrSXDUawXDXLgQS02N0A3PzCHTOFV4lOeC9RKdvQAzoxMim8PTZC2NrVXDwbLpdXVj8IzP6JFJf-je2vmkdjClrAjcusJhmK1Lx17gaYVFpUQReuj1pxrB4toFboAdzDFKy1IrQTzwIsj_MIxMGilxAVVSqiQckwImo8auY_ARtazGSxHXRP/s1000/Webinar%20Saturday.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1000" data-original-width="1000" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1mi_wLrSXDUawXDXLgQS02N0A3PzCHTOFV4lOeC9RKdvQAzoxMim8PTZC2NrVXDwbLpdXVj8IzP6JFJf-je2vmkdjClrAjcusJhmK1Lx17gaYVFpUQReuj1pxrB4toFboAdzDFKy1IrQTzwIsj_MIxMGilxAVVSqiQckwImo8auY_ARtazGSxHXRP/s320/Webinar%20Saturday.jpg" width="320" /></a></div><br /><p><br /></p>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-48831582290132472882023-08-26T06:55:00.001+05:302023-08-26T06:57:07.640+05:30CS results & new syllabus of ICSI seems to have a connection, join here to find out<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/a/AVvXsEjTx4AOe2D2IT5nfLOidaE7RL9HJTCeDs2xGDwD5_RTP1FpSb-uCugXnD9mveyrSl6vb_kY7OCsS1b5TatFWHmsJJnbQpdukp6H2ZX4GHumeaSw0B6LrPtlhznUFDi2ToUP6nOOuKJAt2BDHdMdAFruG5Lu_Tm8ixmnczwlClEKFqvuA7SrddEs4vv9" imageanchor="1" style="margin-left: 1em; margin-right: 1em;">
<img border="0" src="https://blogger.googleusercontent.com/img/a/AVvXsEjTx4AOe2D2IT5nfLOidaE7RL9HJTCeDs2xGDwD5_RTP1FpSb-uCugXnD9mveyrSl6vb_kY7OCsS1b5TatFWHmsJJnbQpdukp6H2ZX4GHumeaSw0B6LrPtlhznUFDi2ToUP6nOOuKJAt2BDHdMdAFruG5Lu_Tm8ixmnczwlClEKFqvuA7SrddEs4vv9" width="400">
</a>
</div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-54456422417915287062023-08-24T23:33:00.004+05:302023-08-25T05:16:18.868+05:30CS Results Website links for ICSI Exams <div>Wishes from <a href="http://www.lalot.in/">www.lalot.in</a> <br /></div><div><br /></div><a href="https://icsi.examresults.net/">https://icsi.examresults.net/</a><div><br /></div><div>Results to be declared by <a href="http://www.icsi.edu">www.icsi.edu</a> for June 2023 exams on August 25, 2023, today. </div><div><br /></div><div>All the very best, you are the future Company Secretary (CS). </div><div><br /></div><div>Again reinforcing the <b>Law of Exams:</b></div><div>2.</div><div>(a) "<b>Success" </b>means Success. </div><div>(b) <b>"Failure" </b>means Experience and new Success. </div><div><br /></div><div>Wishes from <a href="http://www.lalot.in">www.lalot.in</a> </div><div><br /></div>
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/DfESeGoK6d0" title="YouTube video player" width="560"></iframe>
<a href="https://youtube.com/shorts/SYUGMMUktoU?feature=share" target="_blank"></a><div><br /></div><div>More Youtube Video Shorts on CS at <a href="https://youtube.com/shorts/SYUGMMUktoU?feature=share" target="_blank">https://youtube.com/shorts/SYUGMMUktoU?feature=share </a></div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-27002894435697052412023-08-18T19:10:00.002+05:302023-08-18T19:11:06.000+05:30Company Secretary Executive Program under New Syllabus - An Awareness Webinar<p> Enroll now for Company Secretary Executive Program New Syllabus related awareness session by A.N.S. Vijay, Founder of LearningALot @ <a href="https://lalot.in/" target="_blank">https://lalot.in/ </a> </p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY7hV2lhZmo7MSSml-IcNmjsEgVll6qeKWqpU4xVSJeA32CCErX5p_db_l2C6Kfxt1wMImajLQfZkTSxUfWqFZiodTNB6eCnR06KmpGzxXwg_LNaL33iCs1nFB2SXjYblclKSWHBZMvKCSdZdplpGsMguarwUpI3LN__IS12gn-SP-CXxXxAmee3RN/s1000/CS%20Awareness%20August%2026.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1000" data-original-width="1000" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY7hV2lhZmo7MSSml-IcNmjsEgVll6qeKWqpU4xVSJeA32CCErX5p_db_l2C6Kfxt1wMImajLQfZkTSxUfWqFZiodTNB6eCnR06KmpGzxXwg_LNaL33iCs1nFB2SXjYblclKSWHBZMvKCSdZdplpGsMguarwUpI3LN__IS12gn-SP-CXxXxAmee3RN/s320/CS%20Awareness%20August%2026.jpg" width="320" /></a></div><br /><p>Follow us on:</p><p>Facebook link - <a href="https://www.facebook.com/cslalot">https://www.facebook.com/cslalot</a></p><p>Instagram link - <a href="https://www.instagram.com/cslalot/">https://www.instagram.com/cslalot/</a> </p><div><br /></div><p><br /></p>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-28723380332685576942023-08-15T11:29:00.004+05:302023-08-18T18:34:12.438+05:30LearningALot about new syllabus for Company Secretary Executive Program Exams, by LALOT <p>Enroll yourself for a free webinar online @ <a href="http://www.lalot.in/">http://www.lalot.in/</a> to understand about the <b>ease of learning</b> of CS Executive Program/ Intermediate under the New Syllabus of ICSI, pursuant to the new education policy.</p><p>A reduction of 300 marks (1 subject @ Executive Level & 2 subjects @ CS Professional Program) by paying Rs. 1000/- and subject to attending Pre-Test h<a href="ttp://www.icsi.in/PreExamFees/Login.aspx">ttp://www.icsi.in/PreExamFees/Login.aspx</a> , once again, on or before payment of CS Exam Fees on September 25 or March 25 for December or June exams respectively.</p><table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody><tr>
<td colspan="2" style="border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 450.8pt;" valign="top" width="601">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: center;">Company Secretary Executive Program â New Syllabus of
just 7 subjects<o:p></o:p></p>
</td>
</tr>
<tr>
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 225.4pt;" valign="top" width="301">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">Group 1 (<b>Higher
Priority Papers</b>)<o:p></o:p></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 225.4pt;" valign="top" width="301">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">Group 2<o:p></o:p></p>
</td>
</tr>
<tr>
<td colspan="2" style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 450.8pt;" valign="top" width="601">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: center;"><b>Theoretical & Legal Papers (20% case-based Objective
+ 80% descriptive)<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">Working knowledge
of principles, laws and interpretation is the key expectation of ICSI while
evaluating the answer papers digitally and providing you with marksheets on
Digilocker app.<o:p></o:p></p>
</td>
</tr>
<tr style="height: 118pt; mso-yfti-irow: 3;">
<td style="border-top: none; border: 1pt solid windowtext; height: 118pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 225.4pt;" valign="top" width="301">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">1. Jurisprudence,
Interpretation & General Laws (JIGL - 100 Marks)<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">2. Company
Law & Practice (CLP â 60 + 40 marks)<o:p></o:p></p>
<p class="MsoListParagraph" style="line-height: normal; margin-bottom: 0cm; mso-add-space: auto;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">3. Setting up
of Business, Industrial & Labour Laws (SBILL â 60 + 40 marks)<o:p></o:p></p>
<p class="MsoListParagraph" style="line-height: normal; margin-bottom: 0cm; mso-add-space: auto;"><o:p> </o:p></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 118pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 225.4pt;" valign="top" width="301">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">5. Capital
Market & Securities Laws (CMSL â 40 + 60 marks)<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">6. Economic, Commercial
& Intellectual Property Laws (ECIPL â 60 + 40 marks)<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><o:p> </o:p>7. Tax Laws & Practice (TLP â 60 + 40 marks)</p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><o:p> </o:p></p>
</td>
</tr>
<tr style="height: 29.5pt; mso-yfti-irow: 4;">
<td colspan="2" style="border-top: none; border: 1pt solid windowtext; height: 29.5pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 450.8pt;" valign="top" width="601">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: center;"><b>Theoretical & Practical Paper (100% descriptive)<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">Strengthening
of fundamental concepts and working knowledge is the key expectation here.<o:p></o:p></p>
</td>
</tr>
<tr style="height: 29.5pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: 1pt solid windowtext; height: 29.5pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 225.4pt;" valign="top" width="301">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">4. Corporate
Accounting & Financial Management (CAFM â 60 + 40 marks)<o:p></o:p></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 29.5pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 225.4pt;" valign="top" width="301">
<br />
</td>
</tr>
</tbody></table><p><br /></p><h1 class="heading-1 text-left black" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 22px; line-height: 1.1; list-style: none; margin: 10px 0px; padding: 0px;">Switchover Links of ICSI</h1><p style="background-color: white; box-sizing: border-box; color: #282828; font-family: Lato, sans-serif; font-size: 14px; list-style: none; margin: 0px 0px 10px; padding: 0px;"> </p><ul id="tabnavlist" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 14px; list-style: none; margin: 0px 0px 10px; padding: 0px;"><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/ProcessRemitPretestFeeUnderSyllabus2022.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Steps to Remit Pretest Fee after Switchover from 2017 to 2022 syllabus</a><img alt="/media/portals/0/new.gif" src="https://www.icsi.edu/media/portals/0/new.gif" style="border: 0px; box-sizing: border-box; list-style: none; margin: 0px; padding: 0px; vertical-align: middle;" /></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Executive_FAQ_SW_23022023.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">FAQ on Switchover for Executive & Professional Programme From Syllabus 2017 to Syllabus 2022</a><img alt="/media/portals/0/new.gif" src="https://www.icsi.edu/media/portals/0/new.gif" style="border: 0px; box-sizing: border-box; list-style: none; margin: 0px; padding: 0px; vertical-align: middle;" /></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/User%20Manual%20forSwitchOver.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Switchover process</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Declaration_to_cater_switchover_Request_of_executive_&_professional_old_ysllabus_students.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Switchover Announcement for Executive & Professional 2012(old) syllabus students</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/FAQ_ProfProg_switchoverscheme.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">FAQ on switchover scheme for Executive & Professional Programme from syllabus (2012) to syllabus(2017)</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Correspondingexemptionafterswitchover%20-Fnd_ExePrg.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Corresponding PaperWise exemption after switchover Executive Programme</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Switchover_17092016.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Corresponding PaperWise Exemption after Switchover Professional Programme</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Guidelines_Switchover.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Guidelines for Option to change the Elective Subject under module-3 of Professional Programme (New syllabus)</a></li></ul><p><br /></p><h1 class="heading-1 bg-navy text-center red" style="background-color: white; box-sizing: border-box; font-family: Lato, sans-serif; font-size: 22px; font-weight: 500; line-height: 1.1; list-style: none; margin: 10px 0px; padding: 0px; text-align: center;"><span style="color: #901515;">Executive Program Study Materials 2023</span></h1><p style="background-color: white; box-sizing: border-box; color: #282828; font-family: Lato, sans-serif; font-size: 14px; list-style: none; margin: 0px 0px 10px; padding: 0px;"><span style="box-sizing: border-box; font-weight: 700; list-style: none; margin: 0px; padding: 0px;">Group 1</span></p><ul id="tabnavlist" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 14px; list-style: none; margin: 0px 0px 10px; padding: 0px;"><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Jurisprudence_Interpretation_General_Laws.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 1 Jurisprudence, Interpretation & General Laws</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Supplement_JIGL_December%202023_Consolidated.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplements</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/Company_Law_Practice.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 2 Company Law & Practice</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Academics/1Jan31MayNewSyllabus2023Dec%2023.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplements</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/SBI&LL_with_cover.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 3 Setting Up of Business, Industrial & Labour Laws</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Academics/Supplements_SBECDecember2023NewSyllabus.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplements</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/CA&FM.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 4 Corporate Accounting & Financial Management</a></li></ul><p style="background-color: white; box-sizing: border-box; color: #282828; font-family: Lato, sans-serif; font-size: 14px; list-style: none; margin: 0px 0px 10px; padding: 0px;"><span style="box-sizing: border-box; font-weight: 700; list-style: none; margin: 0px; padding: 0px;">Group 2</span></p><ul id="tabnavlist" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 14px; list-style: none; margin: 0px 0px 10px; padding: 0px;"><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/CM&SL.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 5 Capital Market & Securities Laws</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Academics/Supplements_SLCMDecember2023NewSyllabus.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplements</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/EC_IPL.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 6 Economic, Commercial & Intellectual Property Laws</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Academics/Supplements_%20EC&IPL_Dec%202023.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplement</a></li><li style="background-image: url("") !important; background-repeat: no-repeat; border: 1px solid rgb(226, 226, 226); box-sizing: border-box; font-weight: bold; line-height: 22px; list-style: none; margin-bottom: 4px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; margin: 0px 0px 4px; padding: 20px;"><a href="https://www.icsi.edu/media/webmodules/TLP.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Paper 7 Tax Laws & Practice</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Academics/TaxLawsPractice(DirectTax).pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplement Part I (Direct Tax)</a><br style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px;" /><a href="https://www.icsi.edu/media/webmodules/Academics/Suppliment_TaxLawsPractice.pdf" style="background-color: transparent; box-sizing: border-box; color: #901515; font-weight: 400; list-style: none; margin: 0px; padding: 0px; text-decoration-line: none;">Supplement Part II (Indirect Tax)</a></li></ul><p> </p><h1 class="heading-1 text-left black" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 22px; line-height: 1.1; list-style: none; margin: 10px 0px; padding: 0px;">Past Exam Question Papers of ICSI</h1><p><a href="https://www.icsi.edu/media/webmodules/icsiweb/questionpapers.htm">https://www.icsi.edu/media/webmodules/icsiweb/questionpapers.htm</a></p><p><br /></p><h1 class="heading-1 text-left black" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 22px; line-height: 1.1; list-style: none; margin: 10px 0px; padding: 0px;">Past Exam Answer Papers of ICSI</h1><div><a href="https://www.icsi.edu/student-n/academic-portal/guideline_answers/" target="_blank">https://www.icsi.edu/student-n/academic-portal/guideline_answers/ </a></div><div><br /></div><div>For more details, attend a free webinar at <a href="http://www.lalot.in/" target="_blank">http://www.lalot.in/ </a></div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-30498322447105714342023-06-23T22:39:00.001+05:302023-06-23T22:39:13.491+05:30Awareness Program on Directors Liability under the Companies Act, 2013 and other laws applicable to limited liability companies<!--StartFragment-->
<p class="MsoListParagraphCxSpFirst"><!--[if !supportLists]--><b>1)
</b><!--[endif]--><b>Why
all this?<o:p></o:p></b></p>
<p class="MsoListParagraphCxSpLast"><b> </b></p>
<p class="MsoNormal">Directors are involved in directing, managing and
controlling a private & public limited company and hence is expected to be
aware of their duties & liabilities. <o:p></o:p></p>
<p class="MsoNormal">This session will educate the directors to ask the right
questions and do business, which is legal and ethical.<o:p></o:p></p>
<p class="MsoNormal">You may soon expect Income Tax like raids from the Registrar
of Companies (ROC), as they are implementing artificial intelligence tools to
track non-compliances and impose penalties.<o:p></o:p></p>
<p class="MsoListParagraph"><!--[if !supportLists]--><b>2)
</b><!--[endif]--><b>Non-compliance
& its implications:<o:p></o:p></b></p>
<p class="MsoNormal">A Company has not been mentioning the Corporate
Identification Number (CIN) and the registered office address in the company's
letterheads and also in various documents and communications (first such
incidence of violation pointed out was on 02<sup>nd</sup> May 2017).<o:p></o:p></p>
<p class="MsoNormal">The
ROC relied on 8 documents/letters sent by the company (like Invoices &
reply letter to ROC) and determined that there was a violation of Section
12(3)(c) of the Companies Act, 2013 committed by the company from 2nd May 2017
to 22nd August 2022 i.e., for a duration of 1939 days delay.<o:p></o:p></p>
<p class="MsoNormal">ROC
then levied a daily penalty of Rs. 1000/- on the Company and each of its 3
directors, for 1939 days of delay. The maximum penalty for company is limited
to Rs. 2 lakhs whereas it is Rs. 1 lakh for every director. <o:p></o:p></p>
<p class="MsoNormal">Totalling
all this, Rs.5,00,000/- was
the penalty imposed on the company and its directors for not mentioning the
address of the registered office and CIN on letterhead.<o:p></o:p></p>
<p class="MsoListParagraphCxSpFirst"><o:p> </o:p></p>
<p class="MsoListParagraphCxSpMiddle"><!--[if !supportLists]--><b>3)
</b><!--[endif]--><b>What
will you get?<o:p></o:p></b></p>
<p class="MsoListParagraphCxSpLast"><b> </b></p>
<p class="MsoNormal">A
Dossier for Diligent Directors to stay immune from penalties imposed by ROC
through adjudication orders will be given.<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/a/AVvXsEhP4B4M1bAni4NKT3hWCZ_8bJSpSrDnddD6vPZAQ847d900UV6tK1DOlbDHZTpct2xK9AH_K0hYXSbijFb1S4PpX0AZN9sZ0NlsDVHqUttVUVqfE8WCLrjWGs4mcGnBXuVy14xhxm_PyL15_IbHRRIv17jJJRZXW8HA3nopOC7LAHSx8DnVfQ2xv5W_" imageanchor="1" style="margin-left: 1em; margin-right: 1em;">
<img border="0" src="https://blogger.googleusercontent.com/img/a/AVvXsEhP4B4M1bAni4NKT3hWCZ_8bJSpSrDnddD6vPZAQ847d900UV6tK1DOlbDHZTpct2xK9AH_K0hYXSbijFb1S4PpX0AZN9sZ0NlsDVHqUttVUVqfE8WCLrjWGs4mcGnBXuVy14xhxm_PyL15_IbHRRIv17jJJRZXW8HA3nopOC7LAHSx8DnVfQ2xv5W_" width="400">
</a>
</div><o:p></o:p></p>
<!--EndFragment-->See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-4517421034686913182012-09-14T13:36:00.001+05:302012-09-14T13:55:58.369+05:30OnlyThisMuch CompanySecretary Book (CS e-learning) Videos for CS Professional Programme Exams on Youtube to help on how-to study for Corporate law, Drafting, Financial Managment, Tax Laws, Due Diligence & Corporate Governance<p align="justify">OnlyThisMuch e-learning series has come out with set of videos for Company Secretary Professional Program exams on the following subjects:</p> <ol> <li> <div align="justify">Company Secretarial Practice (CSP of Module 1 of CS PP)</div> </li> <li> <div align="justify">Drafting, Appearances & Pleadings (DAP of Module 1 of CS PP)</div> </li> <li> <div align="justify">Financial, Treasury & Forex Management (FTFM of Module 2 of CS PP)</div> </li> <li> <div align="justify">Advanced Tax Laws & Practice (ATLP of Module 3 of CS PP)</div> </li> <li> <div align="justify">Due Diligence & Corporate Compliance Management (DDCCM of Module 4 of CS PP)</div> </li> <li> <div align="justify">Corporate Governance, Business Ethics & Sustainability (CGBES of Module 4 of CS PP)</div> </li> </ol> <p align="justify">These videos can help CS students to complement with reading of Company Secretary books/reference books including OTM during their preparations.  Try listening to the videos again & again in any of your devices.  It helps to get your confidence back on these subjects.  How to pass CS Exams is answered by what to study for CS exams in these videos.</p> <p align="justify">Credit goes to Mr.Tharun Raj for videos on FTFM & ATLP.  Other videos are by Mr.A.N.S. Vijay.</p> <p align="justify">Whatever best Company Secretary books you choose to read, these videos will aid you to better your preparation.  These videos can be used for select portions of Company Secretary Executive Programme on Company law, Securities Laws & Compliances and also for relevant portions of CA & CWA exams for Corporate & Allied laws.</p> <p align="justify"><a href="http://www.youtube.com/user/learnlabz/videos?flow=grid&view=1" target="_blank"><img style="border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px" title="vdo" border="0" alt="vdo" src="http://lh4.ggpht.com/-wyR64Y0g_T8/UFLlk2wiLjI/AAAAAAAAJ9Q/QLUyCLLpXSE/vdo%25255B3%25255D.jpg?imgmax=800" width="244" height="244" /></a> </p> <p>Do share the videos & give feedback to <a href="mailto:thisisvj@gmail.com">thisisvj@gmail.com</a> </p> <p><strong>The link of the videos are as below:</strong></p> <h3><strong></strong></h3> <h4><strong><font color="#800000">Company Secretarial Practice (CSP of Module 1 of CS PP)</font></strong></h4> <iframe height="315" src="http://www.youtube.com/embed/HnK_VPS0H7w?list=PL434869654C91F3A3&hl=en_US" frameborder="0" width="560" allowfullscreen="allowfullscreen"></iframe> <h4><strong><font color="#800000">Drafting, Appearances & Pleadings (DAP of Module 1 of CS PP)</font></strong></h4> <iframe height="315" src="http://www.youtube.com/embed/N-xH1YCM8Xc?list=PLA95605FFA8CDAC6A&hl=en_US" frameborder="0" width="560" allowfullscreen="allowfullscreen"></iframe> <h4><strong><font color="#800000">Financial, Treasury & Forex Management (FTFM of Module 2 of CS PP)</font></strong></h4> <iframe height="315" src="http://www.youtube.com/embed/99bTmFVmKNs?list=PLA84B86C819AA526E&hl=en_US" frameborder="0" width="560" allowfullscreen="allowfullscreen"></iframe> <h4><strong><font color="#800000">Advanced Tax Laws & Practice (ATLP of Module 3 of CS PP)</font></strong></h4> <iframe height="315" src="http://www.youtube.com/embed/Sm-RCZ1a5EI?list=PL07988504C2BB4F7A&hl=en_US" frameborder="0" width="560" allowfullscreen="allowfullscreen"></iframe> <h4><strong><font color="#800000">Due Diligence & Corporate Compliance Management (DDCCM of Module 4 of CS PP)</font></strong></h4> <iframe height="315" src="http://www.youtube.com/embed/gN6Mr-H88d8?list=PL3B7966D5108C0A4B&hl=en_US" frameborder="0" width="560" allowfullscreen="allowfullscreen"></iframe> <h4><strong><font color="#800000">Corporate Governance, Business Ethics & Sustainability (CGBES of Module 4 of CS PP)</font></strong></h4> <iframe height="315" src="http://www.youtube.com/embed/YsvR_-P0qvc?list=PLA2B32B2B6CEF13B6&hl=en_US" frameborder="0" width="560" allowfullscreen="allowfullscreen"></iframe> <p><strong>Enjoy Passing⊠Company Secretary Exams</strong></p> <p>For all videos, click <a href="http://www.youtube.com/user/learnlabz/videos?flow=grid&view=1">http://www.youtube.com/user/learnlabz/videos?flow=grid&view=1</a></p> <p>For details of OnlyThisMuch books, bookstores, etc⊠visit, </p> <h6><a href="http://feedproxy.google.com/~r/yehseeyes/~3/-STvfXvvbhU/onlythismuchotmbookstorescsprofessional.html">OnlyThisMuch books for CS Professional Program exams for ALL 8 subjects in 4 Modules: Financial Management, Tax laws, Company Secretarial Practice, Drafting, Corporate Restructuring, Strategic Management, Due Diligence & Corporate Governance; Find list of bookstores & online site links to buy OTM for Company Secretary exams</a></h6> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com108tag:blogger.com,1999:blog-9191919080550540685.post-21353691867497994492012-07-08T13:13:00.001+05:302012-09-14T13:51:05.837+05:30OnlyThisMuch books for CS Professional Program exams for ALL 8 subjects in 4 Modules: Financial Management, Tax laws, Company Secretarial Practice, Drafting, Corporate Restructuring, Strategic Management, Due Diligence & Corporate Governance; Find list of bookstores & online site links to buy OTM for Company Secretary exams<p align="justify">Bringing OnlyThisMuch books for Company Secretary Professional Programme very close to you through various sources of bookstores near you, online purchases, cash on delivery, order through VPP, etc⊠to enjoy passing CS exams.</p> <h1 align="justify">Special Edition</h1> <p align="justify">This edition of OTM covers the following subjects in 4 books with interesting ways to learn, Objectives, past exam question papers of Company Secretary exams, case studies, lots of ideas to remember provisions. This edition is much more than the Amendments in laws which took place recently.  You may also download the Amendments as applicable for CS exams from <a href="http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances">http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances</a>.  Hope you all will enjoy learning to the core.  Do share your feedbacks with me on <a href="mailto:thisisvj@gmail.com">thisisvj@gmail.com</a></p> <h1 align="justify">OTM â All 4 Modules for ACS Final</h1> <p align="justify"><strong><u>Module 1:</u></strong> Company Secretarial Practice (CSP) and Drafting, Appearances & Pleadings (DAP)</p> <p align="justify"><strong><u>Module 2:</u></strong> Financial Treasury & Forex Management (FTFM) and Corporate Restructuring & Insolvency (CRI)</p> <p align="justify"><strong><u>Module 3:</u></strong> Strategic Management, Alliances & International trade and Advance Tax laws & Practice (ATLP)</p> <p align="justify"><strong><u>Module 4:</u></strong> Due Diligence & Corporate Compliance Management (DDCCM) and Corporate Governance, Business Ethics & Sustainability (CGBES).</p> <h1 align="justify">Why to buy OTM for CS exams?</h1> <p align="justify">OTM always goes by the concept that âNothing should be read unless otherwise its interestingâ.  In this special edition, extra effort is put on that to make it more interesting to learn.  The subject on FTFM & ATLP is introduced for the first time ever in OTM series in a all new way to learn.  This sure shot way to shun the fear every student has on Financial Management and Taxes.  You need not ask any more the age old question of how to prepare for financial management in CS.  Why taxes are so tough in CS exams?</p> <h1 align="justify">OTM mistakes & feedbacks</h1> <p align="justify">Entire OTM team has put heart & soul into this edition as ever.  Inspite of our that much caution, there might be errors and mistakes creeped in the books.  Request you to point out the same to us, so that we may try rectifying atleast in future.  Your feedbacks keeps us moving, my inbox is waiting for loads of same.</p> <h1 align="justify">Where to buy OnlyThisMuch books!</h1> <p align="justify">How to buy OTM books were always a big problem with many CS students.  This time we have tried increasing our retail presence also with the book stores near you.  Even otherwise you can always rely online booksellers as they deliver you the books in 4 â 5 days without even using your credit card or debit card or netbanking as they are offering VPP (Value Payable Post) by taking Cash on Delivery (COD) for OTM books.  </p> <h1 align="justify">Buying OTM books online</h1> <p align="justify">If you are appearing for ALL 4 modules of CS Professional Programme in one attempt, then you can consider buying 4 sets of OTM Professional books in a lot from <a href="http://www.flipkart.com/only-much-9381904197/p/9789381904190?pid=9789381904190&ref=1ea0c170-7c9b-4767-8d99-654d64fb4af0" target="_blank">Flipkart</a> at a discounted price.  For more details, you may visit <a href="http://www.flipkart.com/only-much-9381904197/p/9789381904190?pid=9789381904190&ref=1ea0c170-7c9b-4767-8d99-654d64fb4af0">http://www.flipkart.com/only-much-9381904197/p/9789381904190?pid=9789381904190&ref=1ea0c170-7c9b-4767-8d99-654d64fb4af0</a></p> <p align="justify">However you have an option to buy books separately also from the following links:</p> <p align="justify"><strong><u>Buy OTM Professional Module 1 book:</u> <a href="http://www.flipkart.com/only-much-9381904170/p/9789381904176?pid=9789381904176&ref=1f5ea5fb-cf90-479f-864b-03ceb9cd0b16" target="_blank">Flipkart</a> <a href="http://asialawhouse.com/viewcabook.php?id=1997" target="_blank">Asialawhouse</a></strong></p> <p align="justify"><strong><u>Buy OTM Professional Module 2 book:</u> </strong><strong><a href="http://www.flipkart.com/only-much-9381904103/p/9789381904107?pid=9789381904107&ref=b43ae9c2-91e8-4461-ab8e-9472dbaa309a" target="_blank">Flipkart</a></strong><strong> <a href="http://asialawhouse.com/viewcabook.php?id=1998" target="_blank">Asialawhouse</a></strong></p> <p align="justify"><strong><u>Buy OTM Professional Module 3 book:</u> <a href="http://www.flipkart.com/only-much-9381904162/p/9789381904169?pid=9789381904169&ref=1f5ea5fb-cf90-479f-864b-03ceb9cd0b16" target="_blank">Flipkart</a> <a href="http://asialawhouse.com/viewcabook.php?id=1999" target="_blank">Asialawhouse</a></strong></p> <p align="justify"><strong><u>Buy OTM Professional Module 4 book:</u> <a href="http://www.flipkart.com/only-much-9381904189/p/9789381904183?pid=9789381904183&ref=b43ae9c2-91e8-4461-ab8e-9472dbaa309a" target="_blank">Flipkart</a> <a href="http://asialawhouse.com/viewcabook.php?id=2000" target="_blank">Asialawhouse</a></strong></p> <h1 align="justify">CS e-learning with OnlyThisMuch books</h1> <p align="justify">Yes, now you can enjoy listening to OTM while making your preparations for CS Professional Program as claimed in OnlyThisMuch books as âRead, Discuss, Record, Listen, Listen & Listenâ at </p> <h6><a href="http://feedproxy.google.com/~r/yehseeyes/~3/-tWjlewvAxI/onlythismuchcompanysecretarybookvideosc.html"><font size="5">OnlyThisMuch CompanySecretary Book Videos for CS Professional Programme Exams on Youtube to help on how-to study for Corporate law, Drafting, Financial Managment, Tax Laws, Due Diligence & Corporate Governance</font></a></h6> <h1 align="justify">Locate your nearest OTM bookstore now (<a href="https://docs.google.com/open?id=0B-36NqCFw_7NNXg2T3Q1MW5oWGc" target="_blank">Download</a>)</h1> <div align="justify"> <table border="1" cellspacing="0" cellpadding="0"><tbody> <tr> <td width="233"></td> <td width="385"></td> </tr> <tr> <td width="233"> <p><b>Name of Bookstore where OTM is available</b></p> </td> <td width="185"> <p><b>Address</b></p> </td> <td width="200"> <p><b>Telephone No.</b></p> </td> </tr> <tr> <td width="233"> <p>Books Emporium</p> </td> <td width="185"> <p>3, M.G. Bhavan,Old  Nagardas Road,Opp. Chinai College, Andheri, Mumbai-400069    </p> </td> <td width="200"> <p>28203894 / 66770474  Mob:     09820651516 </p> </td> </tr> <tr> <td width="233"> <p>Sapna Book House                                                                           </p> </td> <td width="185"> <p>The Book Mall,# 3rd Main, Gandhinagar,Bangalore-560009</p> </td> <td width="200"> <p>40114455</p> </td> </tr> <tr> <td width="233"> <p>Ajit Law Book Depot</p> </td> <td width="185"> <p>31, Budhwar Peth,Near Jogeshwari Mandir,Behind Suvarna Sahakari Bank,Pune-411002</p> </td> <td width="200"> <p>24451546/66034697</p> <p>M: 9850954972</p> </td> </tr> <tr> <td width="233"> <p>Book Selection Centre</p> </td> <td width="185"> <p>3-5-121/E/1/2,Beside Shalimar Theatre,Ramkote,Hyderabad</p> </td> <td width="200"> <p>23446843</p> <p>Mob: 09951666550</p> </td> </tr> <tr> <td width="233"> <p>Student Book Centre</p> </td> <td width="185"> <p>527, Kalbadevi Road,Opp. Edwards Cinema,Mumbai-400002</p> </td> <td width="200"> <p>22050510/22011663</p> <p>Mob:09820139068</p> </td> </tr> <tr> <td width="233"> <p>Gandhi Law House</p> </td> <td width="185"> <p>2, Shreyas Complex, Nr. Dinesh Hall,Behind Rushika Complex, Income Tax,Ashram Road,Ahmedabad-380009</p> </td> <td width="200"> <p>26587666</p> <p>Mob: 9825246364</p> </td> </tr> <tr> <td width="233"> <p>Ganesh Book Bureau</p> </td> <td width="185"> <p>No.1, 17th Cross, Lakshmipuram,CMH Road, Ulsoor,Banglore-560008</p> </td> <td width="200"> <p>080 25551145/41698633</p> <p>Mob: 09845266516</p> </td> </tr> <tr> <td width="233"> <p>Law Book shop </p> </td> <td width="185"> <p>1st Floor, Oriental Complex,Banerji Road Market Road JN,Ernakulam, Kochi,Kerala-682018</p> </td> <td width="200"> <p>2397895/ 2398484</p> </td> </tr> <tr> <td width="233"> <p>Asia Law House</p> </td> <td width="185"> <p># 10, Aiyanagar Plaza,Beside UTI Bank street, Kotih,Hyderabad-95</p> </td> <td width="200"> <p>040 2474 2324 / 24608000</p> </td> </tr> <tr> <td width="233"> <p>DECCAN Law House</p> </td> <td width="185"> <p>Near Hotel Raj Tower,ELURU RoadVijaywada-520002</p> </td> <td width="200"> <p>2576242</p> <p>Mob:9848532127</p> </td> </tr> <tr> <td width="233"> <p>Modern Book Depot</p> </td> <td width="185"> <p>15 A J L Nehru Road,Opp. Light House Cinema,Kolkata-7000 013</p> </td> <td width="200"> <p>22490933, 22493102</p> </td> </tr> <tr> <td width="233"> <p>Venus Book Centre</p> </td> <td width="185"> <p>Opp. Rajaram library,Ramnagar Road,Gokul Path, Nagpur-440010</p> </td> <td width="200"> <p>2536314</p> </td> </tr> <tr> <td width="233"> <p>Pooja Law House</p> </td> <td width="185"> <p>LGF, Hans Bhawan,I.T.O.,I.P. Estate,New Delhi-110002</p> </td> <td width="200"> <p>011 - 23370152 & 23379103</p> </td> </tr> <tr> <td width="233"> <p>Singhania Books & Stationary</p> </td> <td width="185"> <p>U-110, LG-1, Shakarpur,Main Vikas Marg,Infront of Laxmi Nagar Metro Station,Delhi-110092</p> </td> <td width="200"> <p>M: 9213168238</p> </td> </tr> <tr> <td width="233"> <p>Aggarwal Law House</p> </td> <td width="185"> <p>Wing-II, Shop No. 2, LGF,Hans Bhawan, I.T.O.,New Delhi-110002</p> </td> <td width="200"> <p>011 - 23379102 & 23378249</p> </td> </tr> <tr> <td width="233"></td> <td width="185"></td> <td width="200"></td> </tr> <tr> <td width="233"> <p>The Book Corporation</p> </td> <td width="185"> <p>Ahmedabad</p> </td> <td width="200"> <p>26465385/9327010323</p> </td> </tr> <tr> <td width="233"> <p>Standard</p> </td> <td width="185"> <p>Ahmedabad</p> </td> <td width="200"> <p>27540731/27540732</p> </td> </tr> <tr> <td width="233"> <p>Karnavati</p> </td> <td width="185"> <p>Ahmedabad</p> </td> <td width="200"> <p>26578319/26576299</p> </td> </tr> <tr> <td width="233"> <p>Modern Laq</p> </td> <td width="185"> <p>Allahabad</p> </td> <td width="200"> <p>2560700/2560616</p> </td> </tr> <tr> <td width="233"> <p>Alia Law</p> </td> <td width="185"> <p>Allahabad</p> </td> <td width="200"> <p>2560444</p> </td> </tr> <tr> <td width="233"> <p>Puliani & Puliani</p> </td> <td width="185"> <p>Bangalore</p> </td> <td width="200"> <p>22266500/22264052</p> </td> </tr> <tr> <td width="233"> <p>M.P.P.</p> </td> <td width="185"> <p>Bangalore</p> </td> <td width="200"> <p>22260706/22265901</p> </td> </tr> <tr> <td width="233"> <p>Law Link Publication</p> </td> <td width="185"> <p>Bangalore</p> </td> <td width="200"> <p>9845057996</p> </td> </tr> <tr> <td width="233"> <p>Professionals Book</p> </td> <td width="185"> <p>Belgaum</p> </td> <td width="200"> <p>2461681</p> </td> </tr> <tr> <td width="233"> <p>Hemdeep</p> </td> <td width="185"> <p>Baroda</p> </td> <td width="200"> <p>2422603/2337503</p> </td> </tr> <tr> <td width="233"> <p>Sagar</p> </td> <td width="185"> <p>Baroda</p> </td> <td width="200"> <p>2340933/2350293</p> </td> </tr> <tr> <td width="233"> <p>Suvidha Law House</p> </td> <td width="185"> <p>Bhopal</p> </td> <td width="200"> <p>2551597/2559586</p> </td> </tr> <tr> <td width="233"> <p>Nupur Law</p> </td> <td width="185"> <p>Bhopal</p> </td> <td width="200"> <p>2572741</p> </td> </tr> <tr> <td width="233"> <p>Bilaspur Law</p> </td> <td width="185"> <p>Bilaspur</p> </td> <td width="200"> <p>9300333990</p> </td> </tr> <tr> <td width="233"> <p>Book Corporation</p> </td> <td width="185"> <p>Kolkata</p> </td> <td width="200"> <p>22206669/22205367</p> </td> </tr> <tr> <td width="233"> <p>Law Point</p> </td> <td width="185"> <p>Kolkata</p> </td> <td width="200"> <p>22101821/22483934</p> </td> </tr> <tr> <td width="233"> <p>Kamal Law</p> </td> <td width="185"> <p>Kolkata</p> </td> <td width="200"> <p>22208941</p> </td> </tr> <tr> <td width="233"> <p>Tax-N-Laws</p> </td> <td width="185"> <p>Kolkata</p> </td> <td width="200"> <p>22427092</p> </td> </tr> <tr> <td width="233"> <p>Veenus Book</p> </td> <td width="185"> <p>Kolkata</p> </td> <td width="200"> <p>22483146</p> </td> </tr> <tr> <td width="233"> <p>Sarat Book House</p> </td> <td width="185"> <p>Kolkata     </p> </td> <td width="200"> <p>Ph: 22418389  Mob: 09339759126</p> </td> </tr> <tr> <td width="233"> <p>Shivraj Book Agency</p> </td> <td width="185"> <p>Kolkata     </p> </td> <td width="200"> <p>Mob: 9836850838</p> </td> </tr> <tr> <td width="233"> <p>Jain General</p> </td> <td width="185"> <p>Chandigarh</p> </td> <td width="200"> <p>2702768</p> </td> </tr> <tr> <td width="233"> <p>Jain Law</p> </td> <td width="185"> <p>Chandigarh</p> </td> <td width="200"> <p>2701615</p> </td> </tr> <tr> <td width="233"> <p>Mohindra Law</p> </td> <td width="185"> <p>Chandigarh</p> </td> <td width="200"> <p>9417011540</p> </td> </tr> <tr> <td width="233"> <p>Ajay Law</p> </td> <td width="185"> 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</td> <td width="200"> <p>23947862/23267860</p> </td> </tr> <tr> <td width="233"> <p>Central News Agency</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>43631313</p> </td> </tr> <tr> <td width="233"> <p>Dhanwantra</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>23866768</p> </td> </tr> <tr> <td width="233"> <p>Gupta Book</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>26449929</p> </td> </tr> <tr> <td width="233"> <p>Jain Book Agency</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>23416390-94/26567066/26566113</p> </td> </tr> <tr> <td width="233"> <p>Jain Book Depot</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>23416101-03/9891683582</p> </td> </tr> <tr> <td width="233"> <p>JM Jaina</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>23915064</p> </td> </tr> <tr> <td width="233"> <p>Krishna Law</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>23417866</p> </td> </tr> <tr> <td width="233"> <p>Standard</p> </td> <td width="185"> <p>New Delhi</p> </td> <td width="200"> <p>23413899</p> </td> </tr> <tr> <td width="233"> <p>Laxmi Law</p> </td> <td width="185"> <p>Ghaziabad</p> </td> <td width="200"> <p>9810579939</p> </td> </tr> <tr> <td width="233"> <p>Anshu</p> </td> <td width="185"> <p>Ghaziabad</p> </td> <td width="200"> <p>9810903484</p> </td> </tr> <tr> <td width="233"> <p>Balaji Book</p> </td> <td width="185"> <p>Gurgaon</p> </td> <td width="200"> <p>9810095379</p> </td> </tr> <tr> <td width="233"> <p>Jain Book Agency</p> </td> <td width="185"> <p>Gurgaon</p> </td> <td width="200"> <p>4143020</p> </td> </tr> <tr> <td width="233"> <p>Khatelpal</p> </td> <td width="185"> <p>Indore</p> </td> <td width="200"> <p>2540987</p> </td> </tr> <tr> <td width="233"> <p>Vedpal Law</p> </td> <td width="185"> <p>Indore</p> </td> <td width="200"> <p>2543491</p> </td> </tr> <tr> <td width="233"> <p>Legal</p> </td> <td width="185"> <p>Indore</p> </td> <td width="200"> <p>2543506</p> </td> </tr> <tr> <td width="233"> <p>Hind</p> </td> <td width="185"> <p>Jabalpur</p> </td> <td width="200"> <p>2625642</p> </td> </tr> <tr> <td width="233"> <p>Bharat Law</p> </td> <td width="185"> <p>Jaipur</p> </td> <td width="200"> <p>2316388/2321388</p> </td> </tr> <tr> <td width="233"> <p>Jain Professional</p> </td> <td width="185"> <p>Jaipur</p> </td> <td width="200"> <p>2419331</p> </td> </tr> <tr> <td width="233"> <p>Kishore Book</p> </td> <td width="185"> <p>Jaipur</p> </td> <td width="200"> <p>2362578</p> </td> </tr> <tr> <td width="233"> <p>Krishna Book</p> </td> <td width="185"> <p>Jaipur</p> </td> <td width="200"> <p>2363891</p> </td> </tr> <tr> <td width="233"> <p>Lawman</p> </td> <td width="185"> <p>Jaipur</p> </td> <td width="200"> <p>2553300</p> </td> </tr> <tr> <td width="233"> <p>Current</p> </td> <td width="185"> <p>Jaipur</p> </td> <td width="200"> <p>2357842</p> </td> </tr> <tr> <td width="233"> <p>Prakash Law</p> </td> <td width="185"> <p>Jodhpur</p> </td> <td width="200"> <p>2627658</p> </td> </tr> <tr> <td width="233"> <p>Law Book</p> </td> <td width="185"> <p>Kanpur</p> </td> <td width="200"> <p>2311417</p> </td> </tr> <tr> <td width="233"> <p>Akhawat</p> </td> <td width="185"> <p>Kanpur</p> </td> <td width="200"> <p>941505557</p> </td> </tr> <tr> <td width="233"> <p>Eagle</p> </td> <td width="185"> <p>Karnal</p> </td> <td width="200"> <p>9416027279</p> </td> </tr> <tr> <td width="233"> <p>Ashish Law House</p> </td> <td width="185"> <p>Lucknow</p> </td> <td width="200"> <p>9839710509</p> </td> </tr> <tr> <td width="233"> <p>Universal Book Distributors</p> </td> <td width="185"> <p>Lucknow</p> </td> <td width="200"> <p>2324909/2333401</p> </td> </tr> <tr> <td width="233"> <p>Arora Law</p> </td> <td width="185"> <p>Ludhiana</p> </td> <td width="200"> <p>2440390</p> </td> </tr> <tr> <td width="233"> <p>Law Book</p> </td> <td width="185"> <p>Meerut</p> </td> <td width="200"> <p>2421589</p> </td> </tr> <tr> <td width="233"> <p>Western</p> </td> <td width="185"> <p>Meerut</p> </td> <td width="200"> <p>2640778/2645778</p> </td> </tr> <tr> <td width="233"> <p>Bhayani</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>22002966/22050884</p> </td> </tr> <tr> <td width="233"> <p>Jaina Book</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>22012143/22018485</p> </td> </tr> <tr> <td width="233"> <p>New Book</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>22054492/22016380</p> </td> </tr> <tr> <td width="233"> <p>M&J</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>24134450</p> </td> </tr> <tr> <td width="233"> <p>Pragati</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>22058242</p> </td> </tr> <tr> <td width="233"> <p>Tax print</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>22693321</p> </td> </tr> <tr> <td width="233"> <p>Shanti Law</p> </td> <td width="185"> <p>Nagpur</p> </td> <td width="200"> <p>2438647/2460698</p> </td> </tr> <tr> <td width="233"> <p>Sterling Book House</p> </td> <td width="185"> <p>Mumbai</p> </td> <td width="200"> <p>22612521/22676046</p> </td> </tr> <tr> <td width="233"> <p>National Book Centre</p> </td> <td width="185"> <p>Nasik</p> </td> <td width="200"> <p>2314821/Mob-9823358918</p> </td> </tr> <tr> <td width="233"> <p>Malhotra Books</p> </td> <td width="185"> <p>Patna</p> </td> <td width="200"> <p>6410765</p> </td> </tr> <tr> <td width="233"> <p>Malhotra Bros</p> </td> <td width="185"> <p>Patna</p> </td> <td width="200"> <p>2222914</p> </td> </tr> <tr> <td width="233"> <p>Gupta Law</p> </td> <td width="185"> <p>Panipat</p> </td> <td width="200"> <p>9810364290</p> </td> </tr> <tr> <td width="233"> <p>Madaan</p> </td> <td width="185"> <p>Patiala</p> </td> <td width="200"> <p>283375</p> </td> </tr> <tr> <td width="233"> <p>Universal Book Stall</p> </td> <td width="185"> <p>Pune</p> </td> <td width="200"> <p>24450976/24451780</p> </td> </tr> <tr> <td width="233"> <p>Malhotra</p> </td> <td width="185"> <p>Ranchi</p> </td> <td width="200"> <p>9308090536</p> </td> </tr> <tr> <td width="233"> <p>Bharat Law</p> </td> <td width="185"> <p>Raipur</p> </td> <td width="200"> <p>9300206426</p> </td> </tr> <tr> <td width="233"> <p>Jain Law</p> </td> <td width="185"> <p>Raipur</p> </td> <td width="200"> <p>9827930419</p> </td> </tr> <tr> <td width="233"> <p>Rohit</p> </td> <td width="185"> <p>Rajkot</p> </td> <td width="200"> <p>2294288</p> </td> </tr> <tr> <td width="233"> <p>Law Book & Forms</p> </td> <td width="185"> <p>Rajkot</p> </td> <td width="200"> <p>2234604</p> </td> </tr> <tr> <td width="233"> <p>GIRI Law House</p> </td> <td width="185"> <p>Salem</p> </td> <td width="200"> <p>2416219</p> </td> </tr> <tr> <td width="233"> <p>Takur</p> </td> <td width="185"> <p>Shimla</p> </td> <td width="200"> <p>2204515</p> </td> </tr> <tr> <td width="233"> <p>Ashoka Book</p> </td> <td width="185"> <p>Udaipur</p> </td> <td width="200"> <p>2413813</p> </td> </tr> <tr> <td width="233"> <p>Mamta</p> </td> <td width="185"> <p>Ujjain</p> </td> <td width="200"> <p>2513863</p> </td> </tr> <tr> <td width="233"> <p>Andhra</p> </td> <td width="185"> <p>Visakhapatnam</p> </td> <td width="200"> <p>2265369</p> </td> </tr> <tr> <td width="233"> <p>Authors</p> </td> <td width="185"> <p>Sivakasi, Tamilnadu</p> </td> <td width="200"> <p>222805</p> </td> </tr> </tbody></table> </div> <strong> <h1 align="justify"><a href="https://docs.google.com/open?id=0B-36NqCFw_7NNXg2T3Q1MW5oWGc" target="_blank">Download OTM bookstore lists & online links</a></h1> </strong> <p align="justify">From <a title="https://docs.google.com/open?id=0B-36NqCFw_7NNXg2T3Q1MW5oWGc" href="https://docs.google.com/open?id=0B-36NqCFw_7NNXg2T3Q1MW5oWGc">https://docs.google.com/open?id=0B-36NqCFw_7NNXg2T3Q1MW5oWGc</a></p> <p align="justify">Enjoy passingâŠCS exams :)</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com6tag:blogger.com,1999:blog-9191919080550540685.post-13290276346987952742012-06-19T20:43:00.001+05:302012-06-19T20:43:23.354+05:30Post Membership Diploma in Competition law, Corporate Restructuring & Insolvency for Members of ICSI/Company Secretaries: Syllabus<h1><font color="#0000ff">Post Membership Diploma in Competition law</font></h1> <p align="justify">In addition to Corporate Governance course, ICSI has announced post membership diploma in Competition law for Company Secretaries!  A member of ICSI who finishes this course can use the descriptive letters <strong>DCL (ICSI)</strong> after his/her name.  The details of the papers are given below, it shall be completed along with 100 hours of training as prescribed.</p> <p><a href="https://docs.google.com/open?id=0B-36NqCFw_7NSEU4YkRXMmlySjQ"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="Competition Law" border="0" alt="Competition Law" src="http://lh3.ggpht.com/-THiDqVYS-vk/T-CXDyCv9HI/AAAAAAAAJ4c/e16DtM0ylEk/Competition%252520Law%25255B7%25255D.png?imgmax=800" width="305" height="78" /></a></p> <h1 align="justify"><font color="#0000ff">Post Membership Diploma in Corporate Restructuring & Insolvency</font></h1> <p align="justify">A member of ICSI can also get a post membership diploma in Corporate Restructuring & Insolvency.  A Company Secretary who finishes this course can use the descriptive letters <strong>DCRI (ICSI) </strong>after his/her name. The details of the papers are given below, it shall be completed along with compulsory 1 â day workshop to do presentations.</p> <p><a href="https://docs.google.com/open?id=0B-36NqCFw_7NSEU4YkRXMmlySjQ"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="Corporate Restructuring" border="0" alt="Corporate Restructuring" src="http://lh5.ggpht.com/-AyolMX2ANkA/T-CXEiS293I/AAAAAAAAJ4k/vsSjP-myZUE/Corporate%252520Restructuring%25255B4%25255D.png?imgmax=800" width="305" height="54" /></a></p> <h1><a href="https://docs.google.com/open?id=0B-36NqCFw_7NSEU4YkRXMmlySjQ">For details of the Syllabus, click here.</a></h1> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com5tag:blogger.com,1999:blog-9191919080550540685.post-14675982217449937062012-06-19T19:42:00.001+05:302012-06-19T19:42:45.140+05:30Become Corporate Compliance Executives: opportunities for CS Executive Programme passed Company Secretary Students with Training: ICSI<h1><font color="#0000ff">Corporate Compliance Executive (CCE) Certificate â </font>ICSI</h1> <p align="justify">Students having <strong>passed intermediate / Executive Programme</strong> of Company Secretary Course by ICSI and has completed <a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html" target="_blank">training requirements</a> & <a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html" target="_blank">Professional Development Programmes (PDP)</a> may complete the Course of Corporate Compliance Executive Certificate.  And thereafter apply with fees to ICSI for the certificate and once the certificate issued by ICSI, <strong>shall be entitled to use the descriptive letters âCorporate Compliance Executiveâ (CCE). </strong>Though such CCE is not a associate or fellow member of ICSI. <br /></p> <p align="justify">Such person may continue to pursue the regular Company Secretaryship course [ie, Professional Programme] if he/she so desires. <br /></p> <p align="justify">Person having awarded Corporate Compliance Executive Certificate, need to secure Programme Credit Hours (PCH) [ie, shall attend regular seminars & programmes of ICSI].  </p> <h1 align="justify"><a href="https://docs.google.com/open?id=0B-36NqCFw_7NTVJkOExBYXFXdHc" target="_blank">For more details, click here.</a></h1> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com10tag:blogger.com,1999:blog-9191919080550540685.post-13866640595786302072012-06-19T18:17:00.000+05:302012-06-19T20:45:22.660+05:30Company Secretary exemption for B.Com B.Sc LL.B M.B.A CWA Foundation CA-CPT M.C.S degree students from CS Foundation, Executive & Professional Program exams in General law, Accounts, Tax & Financial Management - ICSI<p align="justify">The Company Secretary course gives exemption from certain levels/subjects of its Foundation, Executive & Professional Programmes for candidates who are Graduates or Post Graduates or Professionals.  Understand complete details about CS from here and enjoy passing.</p> <h1 align="justify"><font color="#0000ff">WHAT FOR 10/+2 STUDENTS</font></h1> <p align="justify">You need to start from CS Foundation Programme.  Get your scholarship based on your school marks from <a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a>.</p> <p align="justify">You can also get your B.Com & M.Com degrees alongside completion of Company Secretary Course.  Find details in <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a>.  </p> <p align="justify">Find complete details about CS course from <a href="http://yehseeyes.blogspot.com/2011/01/download-company-secretary-course-kit.html">Download Company Secretary Course kit for ACS exams with complete details about registration, fees, cut off dates, procedures, exemption, etc...& all CS students - Update your email ids now to get free Student Company Secretary magazine in your Inbox</a>.</p> <h1 align="justify"><font color="#0000ff">EXEMPTION FROM FOUNDATION PROGRAMME OF ICSI</font></h1> <ol> <li> <div align="justify">Graduates in any discipline (like B.Com, B.A, B.B.A) except Fine Arts, irrespective of percentage or division of marks or medium of examination are exempted from passing the Foundation Programme and eligible for direct registration for the CS Executive Programme exams.  Certain non-commerce graduates like B.Sc also are given exemptions but are advised to write <strong><a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html" target="_blank">CC papers of Foundation Programme</a></strong>. </div> </li> <li> <div align="justify"><font size="2">If a person is enrolled or appearing for such examination (as mentioned above), then he may be <strong>provisionally enrolled</strong> and final certificates to be produced <strong>within 6 months of provisional enrolment.</strong></font></div> </li> <li>On passing Foundation Examination of the Institute of Cost Accountants of India (ICWAI) or Common Proficiency Test (CPT) of Institute of Chartered Accountants of India (ICAI). </li> </ol> <h1 align="justify"><font color="#0000ff">EXEMPTION FROM INDIVIDUAL PAPERS OF THE EXECUTIVE PROGRAMME EXAMINATION</font></h1> <p align="justify">In pursuance of the powers conferred on it under clause(3) of the regulation 42 of the company Secretaries Regulations, 1982, the Council of the Institute of the Company Secretaries of India has decided that a candidate shall be exempted from the following paper(s) of the Executive Programme examination if he / she possesses the qualification(s) specified against each paper, having <strong>secured 50% or more marks in the aggregate</strong> (whether in a full time college or though correspondence from a recognised University) and applies for exemption on or before last date for enrolment for the examination paying requisite exemption fee as may be determined by the Council from time to time.</p> <p align="justify"><b></b></p> <p align="justify">1. <b>General and Commercial Laws: </b></p> <p align="justify">M.A / M.B.A. (Corporate Secretaryship) or Degree in Law (three years or five years integrated LL.B or B.L) from a recognized University / Institute either constituted under an Act of Parliament or approved by AICTE.</p> <p align="justify"><b>2. </b><b>Company Accounts, Cost and Management Accounts:</b></p> <p align="justify"><b></b></p> <p align="justify">M.A. (Corporate Secretaryship) / M.Com / M.B.A (with Advanced Accountancy as one of the subjects at graduation / post â graduation level and with full paper in Cost Accounting / Management Account / Financial Management at M.A. (Corporate Secretaryship) / M.Com / M.B.A. level having secured 50% marks in the subject concerned) from a recognized University / Institute either constituted under an Act of Parliament or approved by AICTE.</p> <p align="justify"><b>3. </b><b>Tax Laws:</b></p> <p align="justify">M.A / M.B.A. (Corporate Secretaryship) from a recognized University / Institute either constituted under an Act of Parliament or approved by AICTE.</p> <h1 align="justify"><font color="#0000ff">EXEMPTION FROM CS EXECUTIVE PROGRAMME EXAMINATION</font></h1> <p align="justify">For <a href="http://yehseeyes.blogspot.com/2012/06/become-corporate-compliance-executives.html"><strong>Corporate Compliance Executive (CCE)</strong></a><strong> </strong>Certificate holders of ICSI.</p> <h1 align="justify"><font color="#0000ff">EXEMPTION FROM INDIVIDUAL PAPERS OF THE FOUNDATION, EXECUTIVE & PROFESSIONAL PROGRAMME EXAMINATION</font></h1> <p align="justify">Professionals who are qualified Cost Accountants (ICWAI) or grad CWAâs, are eligible to get exemption from CS Foundation programme and certain practical related papers in CS Executive & Professional program exams.  Details in <a href="http://yehseeyes.blogspot.com/2008/09/paper-wise-icsi-exemption-for-icwai.html"><strong>Paper-wise ICSI Exemption for ICWAI Passed Students. </strong></a></p> <p>Enjoy exempting.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com132tag:blogger.com,1999:blog-9191919080550540685.post-32436190048894314272012-06-04T19:31:00.001+05:302012-06-07T16:40:15.198+05:30ACS/CS Foundation Programme Exam 2012 postponed: Company Secretary Foundation Paper 4 on ELEMENTS OF BUSINESS LAWS AND MANAGEMENT is scheduled for June 16, 2012 as announced<p align="justify">All CS Foundation Students,</p> <p align="justify"> </p> <p align="justify">Company Secretaries Foundation Programme exam postponed for the first time ever.  </p> <p align="justify">This is due to administrative reasons as announced by ICSI.  So, the last CS foundation programme (for Paper 4 on on ELEMENTS OF BUSINESS LAWS AND MANAGEMENT) proposed to be held on June 5, 2012 is postponed to June 16, 2012 from <strong>9AM to 12 noon </strong>at same centres.</p> <p align="justify"> </p> <p align="justify">Kindly keep all CS Foundation Students informed.</p> <p align="justify">Find details in <a href="https://docs.google.com/viewer?url=http%3A%2F%2Ficsi.edu%2FPortals%2F0%2FRESCHEDULE_16JUN12.doc"><b><b>Conduct of Rescheduled Examination in âElements of Business Laws and Managementâ paper on 16th JUNE, 2012</b></b></a></p> <p><strong>Enjoy passing CS examsâŠ</strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com54tag:blogger.com,1999:blog-9191919080550540685.post-91664430427349915052012-05-28T21:31:00.001+05:302012-05-28T21:31:10.072+05:30Learnlabz Company Secretary Class Schedule for December 2012 CS exams of ICSI for all subjects & all levels to enjoy passing, announces Free Trial sessions also<p align="justify">Learnlabz conducts ALL subjects for ALL levels of CS Foundation, Executive & Professional Programme classes to enjoy passing Company Secretary December 2012 exams to be held from December 26, 2012.  The students can try by attending first session of the classes free of cost and OTM books are also provided.  The details can also be downloaded from <a title="https://docs.google.com/open?id=0B-36NqCFw_7NZkF0dHpZOHNPZlk" href="https://docs.google.com/open?id=0B-36NqCFw_7NZkF0dHpZOHNPZlk">https://docs.google.com/open?id=0B-36NqCFw_7NZkF0dHpZOHNPZlk</a></p> <p>Full details are enclosed in:</p> <iframe height="480" src="https://docs.google.com/viewer?authuser=0&srcid=0B-36NqCFw_7NZkF0dHpZOHNPZlk&pid=explorer&a=v&chrome=false&embedded=true" width="640"></iframe> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com60tag:blogger.com,1999:blog-9191919080550540685.post-17515051346338408922012-05-19T18:54:00.000+05:302013-12-10T15:18:11.542+05:30Download CS Exam Hall Ticket Admit Card & revise for Company Secretary Foundation Executive & Professional Programme June 2012 exams with Updates Amendments to enjoy passing<div dir="ltr" style="text-align: left;" trbidi="on">
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Assured of your time value for Exams (read this as below), enjoy passing⊠Awaiting your happy moments @ exam halls. Forget everything, its only you and your available memory is the best. So, whether you know the answer or not, just keep concentrating for the full 3 hours of every exam to âŠ..(read enjoy passing). Direct link to download your Company Secretary Exam hall ticket/Admit Card using YOUR 17 DIGIT FULL Registration Number WITH MONTH YEAR: <a href="http://icsi.indiaeducation.net/index.htm">http://icsi.indiaeducation.net/index.htm</a> OR </div>
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<a href="http://server2.examresults.net/Admit-Cards-December-2013.htm" style="text-align: left;">http://server2.examresults.net/Admit-Cards-December-2013.htm</a> OR get CS Admit Card in E-mail from <a href="https://spreadsheets.google.com/spreadsheet/viewform?formkey=dF8zRExCeXJ0d1E4bnVXWWVKX2VGb2c6MQ">https://spreadsheets.google.com/spreadsheet/viewform?formkey=dF8zRExCeXJ0d1E4bnVXWWVKX2VGb2c6MQ</a></div>
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To read the CS Amendments, visit</h1>
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<a href="http://yehseeyes.blogspot.com/2012/05/download-onlythismuch-book-update.html">http://yehseeyes.blogspot.com/2012/05/download-onlythismuch-book-update.html</a> </h1>
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Download Updates LINK DOWNLOAD: <a href="http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances">www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances</a> </div>
<div align="justify">
For anyother doubts, visit <a href="http://www.icsi.in/StudentEnrollmentStatus/WebForm1.aspx">http://www.icsi.in/StudentEnrollmentStatus/WebForm1.aspx</a> or <strong><a href="http://www.icsi.in/">www.icsi.in</a></strong></div>
<div align="justify">
<br /></div>
<div align="justify">
<b>To apply for Company Secretary Examination Online:</b></div>
<div align="justify">
<b><a href="http://goo.gl/n55rGA">http://goo.gl/n55rGA</a></b></div>
</div>
See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com40tag:blogger.com,1999:blog-9191919080550540685.post-70640741165004085282012-05-11T22:06:00.001+05:302012-05-11T22:09:21.460+05:30Download OnlyThisMuch book Update Amendments 2012 for Company Secretary June exams onwards covering Corporate laws, Securities laws, Due Diligence, Voluntary Corporate Governance Codes, Schedule VI XII, Takeover Code 2011, Legal Metrology Act, Foreign Contribution, FDI Policy & ICDR with ICSI Supplements to enjoy passing<p>OnlyThisMuch book series has released most crucial Updates/ Amendments 2012 for June exam onwards under all laws applicable for Company Secretary exams [CS Executive Programme & Professional Program].  The same can be read from: <a title="http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances#fullscreen" href="http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances#fullscreen">http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances#fullscreen</a></p> <p><strong>(Better when downloaded).  It covers the following laws:</strong></p> <table style="border-bottom: medium none; border-left: medium none; border-collapse: collapse; border-top: medium none; border-right: medium none; mso-border-alt: solid windowtext .5pt; mso-yfti-tbllook: 1184; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt" class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0"><tbody> <tr style="height: 141pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes"> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0cm; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0cm; mso-border-alt: solid windowtext .5pt" height="188" valign="top" rowspan="2"> <div style="border-bottom: #4f81bd 1pt solid; border-left: medium none; padding-bottom: 4pt; padding-left: 0cm; padding-right: 0cm; border-top: medium none; border-right: medium none; padding-top: 0cm; mso-element: para-border-div; mso-border-bottom-themecolor: accent1"> <p style="padding-bottom: 0cm; margin: 0cm 0cm 15pt; padding-left: 0cm; padding-right: 0cm; letter-spacing: 0.25pt; padding-top: 0cm" class="MsoTitle"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Cambria"><font style="font-size: 26pt" color="#17365d">Company Law/ Company Secretarial Practice/ Corporate Restructuring</font></font></span></p> </div> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpFirst"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">1.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><font face="Calibri"><font style="font-size: 11pt">Amendments in MCA-21 & Filing aspects</font></font></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">2.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><font face="Calibri"><font style="font-size: 11pt">Amendments in Clauses of Memorandum Of Association</font></font></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle"><font color="#c0504d"><u><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">3.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span></span><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font face="Calibri"><font style="font-size: 11pt"><font style="font-variant: small-caps"><strong>Amendments in Unlisted Public Companies PREFERENTIAL ALLOTMENT Rules u/s. 81(1A)</strong></font></font></font></span></u></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle" align="justify"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">4.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><font face="Calibri"><font style="font-size: 11pt">Amendments in General Meetings & Board Meetings related</font></font></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle" align="justify"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-themecolor: text1; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">5.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-bidi-font-family: calibri; mso-themecolor: text1; mso-bidi-theme-font: minor-latin"><font face="Calibri"><font style="font-size: 11pt">Amendments in Managerial Remuneration under Schedule XIII</font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle" align="justify"><font color="#c0504d"><u><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">6.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span></span><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font face="Calibri"><font style="font-size: 11pt"><font style="font-variant: small-caps"><strong>Amendments in Related Party Transactions under Sections 295, 297 & 314 of Companies Act, 1956</strong></font></font></font></span></u></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle" align="justify"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-themecolor: text1; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">7.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-themecolor: text1; mso-bidi-theme-font: minor-latin" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">Amendments in Merger of Government Companies u/s. 396</font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpMiddle" align="justify"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-themecolor: text1; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">8.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><font face="Calibri"><font style="font-size: 11pt">DEFUNCT</font><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-themecolor: text1; mso-bidi-theme-font: minor-latin" lang="EN-US"><font style="font-size: 11pt"> COMPANIES & FAST TRACK EXIT SCHEME</font></span></font></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l2 level1 lfo3" class="MsoListParagraphCxSpLast"><font color="#c0504d"><u><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">9.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span></span><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font face="Calibri"><font style="font-size: 11pt"><font style="font-variant: small-caps"><strong>Form & Contents of Annual Accounts under Revised Schedule VI</strong></font></font></font></span></u></font></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span><font face="Calibri"><font style="font-size: 11pt" color="#c0504d"><strong><u><font style="font-variant: small-caps"> </font></u></strong></font></font></span></span></p> <h1><span class="MsoIntenseEmphasis"><font color="#4f81bd" face="Calibri"><strong><em><font style="font-size: 11pt"></font></em></strong></font></span></h1> <h2><span class="MsoIntenseEmphasis"><font color="#4f81bd" face="Calibri"><strong><em><font style="font-size: 11pt"></font></em></strong></font></span></h2> <h2>CRUCIAL DOWNLOADS FOR LAST MINUTE READING BEFORE CS EXAMS:</h2> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span class="MsoIntenseEmphasis"><font color="#4f81bd" face="Calibri"><strong><em><font style="font-size: 11pt">For Direct & Indirect Tax Laws Amendments, download & print the </font></em></strong></font></span><a href="http://icsi.edu/docs/WebModules/Student/Tax%20updates%20for%20June%202012%20Exams.pdf"><strong><font face="Calibri"><font style="font-size: 11pt" color="#0000ff"><u>ICSI Supplement from this link [this is applicable for CS Executive & Professional Program exams</u></font></font></strong></a></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span class="MsoIntenseEmphasis"><span></span></span></p> <p style="line-height: 12pt; margin: 0cm 0cm 10pt" class="MsoNormal" align="center"><span class="MsoBookTitle"><span style="line-height: 14pt" lang="EN-US"><a href="http://issuu.com/learnlabz/docs/financial_treasury___forex_management_for_cs_exams"><span><font face="Cambria"><font style="font-size: 12pt" color="#943634"><strong><u><font style="font-variant: small-caps">Click here for Financial Management Theory</font></u></strong></font></font></span></a></span></span></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span class="MsoIntenseEmphasis"><font color="#4f81bd" face="Calibri"><strong><em><font style="font-size: 11pt">Glance through </font></em></strong></font></span><a href="http://mca.gov.in/Ministry/guideline_archieve.html"><strong><font face="Calibri"><font style="font-size: 11pt" color="#0000ff"><u>MCA Guidelines on Governance</u></font></font></strong></a><span class="MsoIntenseEmphasis"></span></p> </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0cm; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0cm; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt" height="188" valign="top"> <div style="border-bottom: #4f81bd 1pt solid; border-left: medium none; padding-bottom: 4pt; padding-left: 0cm; padding-right: 0cm; border-top: medium none; border-right: medium none; padding-top: 0cm; mso-element: para-border-div; mso-border-bottom-themecolor: accent1"> <p style="padding-bottom: 0cm; margin: 0cm 0cm 15pt; padding-left: 0cm; padding-right: 0cm; letter-spacing: 0.25pt; padding-top: 0cm" class="MsoTitle"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Cambria"><font style="font-size: 26pt" color="#17365d">Securities Law/ Due Diligence</font></font></span></p> </div> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 37.5pt; mso-add-space: auto; mso-list: l3 level1 lfo2" class="MsoListParagraphCxSpFirst"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">1.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">Amendments in SEBI ICDR Regulations, 2009</font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 37.5pt; mso-add-space: auto; mso-list: l3 level1 lfo2" class="MsoListParagraphCxSpMiddle"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">2.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">Amendments in Equity Listing Agreement</font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 37.5pt; mso-add-space: auto; mso-list: l3 level1 lfo2" class="MsoListParagraphCxSpMiddle"><font color="#c0504d"><u><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">3.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span></span><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font face="Calibri"><font style="font-size: 11pt"><font style="font-variant: small-caps"><strong>Public Issue by SMEâs & SME Equity Listing Agreement (most predicted question for this exam)</strong></font></font></font></span></u></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 37.5pt; mso-add-space: auto; mso-list: l3 level1 lfo2" class="MsoListParagraphCxSpMiddle"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">4.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">Debt market issues & Securitised Debt Listing Agreement</font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 37.5pt; mso-add-space: auto; mso-list: l3 level1 lfo2" class="MsoListParagraphCxSpMiddle"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">5.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">Revised Insider Trading Disclosures</font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 37.5pt; mso-add-space: auto; mso-list: l3 level1 lfo2" class="MsoListParagraphCxSpLast"><font color="#c0504d"><u><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">6.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span></span><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font face="Calibri"><font style="font-size: 11pt"><font style="font-variant: small-caps"><strong>New Takeover Code, 2011</strong></font></font></font></span></u></font></p> </td> </tr> <tr style="height: 141pt; mso-yfti-irow: 1"> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0cm; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0cm; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt" height="188" valign="top"> <div style="border-bottom: #4f81bd 1pt solid; border-left: medium none; padding-bottom: 4pt; padding-left: 0cm; padding-right: 0cm; border-top: medium none; border-right: medium none; padding-top: 0cm; mso-element: para-border-div; mso-border-bottom-themecolor: accent1"> <p style="padding-bottom: 0cm; margin: 0cm 0cm 15pt; padding-left: 0cm; padding-right: 0cm; letter-spacing: 0.25pt; padding-top: 0cm" class="MsoTitle"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Cambria"><font style="font-size: 26pt" color="#17365d">Corporate Governance/ Securities Law</font></font></span></p> </div> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l1 level1 lfo1" class="MsoListParagraphCxSpFirst"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">1.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">New Voluntary Governance Codes in India</font></font></span></font></p> <p style="line-height: normal; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto" class="MsoListParagraphCxSpMiddle"><font face="Calibri"><span style="mso-ansi-language: en-us" lang="EN-US"><font color="#000000"><font style="font-size: 11pt">(including </font></font></span><font style="font-size: 11pt"><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font color="#c0504d"><strong><u><font style="font-variant: small-caps">MCAâs Corporate Governance & CSR Code, Secretarial Audit</font></u></strong></font></span></font><span style="mso-ansi-language: en-us" lang="EN-US"><font style="font-size: 11pt" color="#000000">, ICSIâs recommendations)</font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l1 level1 lfo1" class="MsoListParagraphCxSpMiddle"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">2.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">New Governance Codes abroad</font></font></span></font></p> <p style="line-height: normal; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto" class="MsoListParagraphCxSpMiddle"><font face="Calibri"><span style="mso-ansi-language: en-us" lang="EN-US"><font color="#000000"><font style="font-size: 11pt">(including </font></font></span><font style="font-size: 11pt"><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font color="#c0504d"><strong><u><font style="font-variant: small-caps">UK Corporate Governance</font></u></strong></font></span></font><span style="mso-ansi-language: en-us"><font color="#000000"><font style="font-size: 11pt"> </font><span lang="EN-US"><font style="font-size: 11pt">& Stewardship Codes)</font></span></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l1 level1 lfo1" class="MsoListParagraphCxSpLast"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">3.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt">Other Amendments â Internal Control, Credo & Green Tribunal</font></font></span></font></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt" color="#000000"> </font></font></span></p> </td> </tr> <tr style="mso-yfti-irow: 2"> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0cm; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0cm; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top" colspan="2"> <div style="border-bottom: #4f81bd 1pt solid; border-left: medium none; padding-bottom: 4pt; padding-left: 0cm; padding-right: 0cm; border-top: medium none; border-right: medium none; padding-top: 0cm; mso-element: para-border-div; mso-border-bottom-themecolor: accent1"> <p style="padding-bottom: 0cm; margin: 0cm 0cm 15pt; padding-left: 0cm; padding-right: 0cm; letter-spacing: 0.25pt; padding-top: 0cm" class="MsoTitle"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Cambria"><font style="font-size: 26pt" color="#17365d">Other Laws for CS Exams:</font></font></span></p> </div> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l0 level1 lfo4" class="MsoListParagraphCxSpFirst"><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font color="#c0504d"><u><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">1.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></u></font></span></span></span><font face="Calibri"><span style="background-image: none; background-attachment: scroll; background-repeat: repeat; background-position: 0% 0%"><font color="#000000"><font style="font-size: 11pt">Amendments in FEMA & CONSOLIDATED Foreign Direct Investment (FDI) POLICY, 2012<span style="mso-spacerun: yes">  </span></font></font></span><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font style="font-size: 11pt" color="#c0504d"><font style="font-variant: small-caps"><strong><u>[for Drafting & Alliances in Professional Program, Economic Laws in Executive Program]</u></strong></font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l0 level1 lfo4" class="MsoListParagraphCxSpMiddle"><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font color="#c0504d"><u><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">2.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></u></font></span></span></span><font face="Calibri"><font color="#000000"><font style="font-size: 11pt">FOREIGN CONTRIBUTION (REGULATION) ACT, 2010 & RULES 2011 [FCRA] replacing Old Act </font></font><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font style="font-size: 11pt" color="#c0504d"><font style="font-variant: small-caps"><strong><u>[for Economic Laws in Executive Program & has Compounding provisions as relevant for Drafting]</u></strong></font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l0 level1 lfo4" class="MsoListParagraphCxSpMiddle"><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><span style="mso-bidi-font-family: calibri; text-underline: none; mso-bidi-theme-font: minor-latin"><span style="mso-list: ignore"><font color="#c0504d"><u><font face="Calibri"><font style="font-size: 11pt"><strong><font style="font-variant: small-caps">3.</font></strong></font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></u></font></span></span></span><font face="Calibri"><font color="#000000"><font style="font-size: 11pt">Competition Act, 2002 & Mergers, Amalgamations, Acquisitions & Takeovers (MAAT) </font></font><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font style="font-size: 11pt" color="#c0504d"><font style="font-variant: small-caps"><strong><u>[for Drafting & Corporate Restructuring in Professional Program & Economics Laws in Executive Program]</u></strong></font></font></span></font></p> <p style="line-height: normal; text-indent: -18pt; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-list: l0 level1 lfo4" class="MsoListParagraphCxSpLast"><font color="#000000"><span style="mso-bidi-font-family: calibri; mso-ansi-language: en-us; mso-bidi-theme-font: minor-latin" lang="EN-US"><span style="mso-list: ignore"><font face="Calibri"><font style="font-size: 11pt">4.</font></font><span style="line-height: normal; font-family: "><font face="Times New Roman"><font style="font-size: 7pt">       </font></font></span></span></span><font face="Calibri"><font style="font-size: 11pt">Legal Metrology Act, 2009 replacing Standard Weights & Measures Act </font></font></font><span style="letter-spacing: 0.25pt" class="MsoIntenseReference"><font face="Calibri"><font style="font-size: 11pt" color="#c0504d"><strong><u><font style="font-variant: small-caps">[for Eocnomic Laws in Executive Program]</font></u></strong></font></font></span><span style="mso-ansi-language: en-us" lang="EN-US"></span></p> </td> </tr> <tr style="mso-yfti-irow: 3; mso-yfti-lastrow: yes"> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0cm; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0cm; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt" valign="top"> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt" color="#000000"> <a href="http://www.learnlabz.com">www.learnlabz.com</a> </font></font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0cm; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0cm; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt" valign="top"> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><span style="mso-ansi-language: en-us" lang="EN-US"><font face="Calibri"><font style="font-size: 11pt" color="#000000"> <a href="mailto:onlythismuch@lawlabz.com">onlythismuch@lawlabz.com</a> </font></font></span></p> </td> </tr> </tbody></table> <a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View Only This Much Amendments Laws 2012 Updates for Company Secretary Exams on Corporate, Economic, Securities, Secretarial Practice, Drafting, Alliances, Listing Agreement, Due Diligence &amp; Corporate Governance Codes on Scribd" href="http://www.scribd.com/doc/93236216/Only-This-Much-Amendments-Laws-2012-Updates-for-Company-Secretary-Exams-on-Corporate-Economic-Securities-Secretarial-Practice-Drafting-Alliances">Only This Much Amendments Laws 2012 Updates for Company Secretary Exams on Corporate, Economic, Securities,...</a><iframe id="doc_26442" class="scribd_iframe_embed" height="600" src="http://www.scribd.com/embeds/93236216/content?start_page=1&view_mode=list&access_key=key-12l2s114hl58xl0npl92" frameborder="0" width="100%" scrolling="no" data-aspect-ratio="0.707514450867052" data-auto-height="true"></iframe> <h1 align="right">Enjoy passing<img style="border-bottom-style: none; border-right-style: none; border-top-style: none; border-left-style: none" class="wlEmoticon wlEmoticon-smile" alt="Smile" src="http://lh4.ggpht.com/-YWaKaEm4sCU/T61AAR3djMI/AAAAAAAAJ4Q/ge10C2RRskA/wlEmoticon-smile%25255B2%25255D.png?imgmax=800" /></h1> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com4tag:blogger.com,1999:blog-9191919080550540685.post-12920404152476362972012-04-14T22:56:00.001+05:302012-04-14T23:13:02.358+05:30What to do after completion of CS Foundation Executive Programme of ICSI: attend Online or Physical E-SIP,E-EDP to make yourself eligible to appear for exams & training of Company Secretary Course<p align="justify"></p> <p align="justify"></p> <h4 align="justify">Have you completed CS Foundation Programme?</h4> <p align="justify">Then, register for the next level CS Executive Programme on/before end of February or August to appear for both modules in following December or June exams respectively.</p> <p align="justify">Once you register for Executive Programme, you shall complete e-SIP (Electronic Students Induction Programme Online) or physically at ICSI within 6 months of the registration.  Keep ready with you:</p> <ol> <li> <div align="justify">ICSI Regsitration Letter For Executive Program</div> </li> <li> <div align="justify">ICSI Identity Card</div> </li> <li> <div align="justify">Passport size Photograph</div> </li> </ol> <p align="justify"><strong><em>You may be barred from appearing for exams if you have not completed SIP.</em></strong></p> <h1 align="justify"><a href="http://elearning.icsi.edu/esip.html" target="_blank">Register for Online SIP now!!!</a> </h1> <h6 align="justify">(not applicable for candidates seeking exemption from 15 months CS Training)</h6> <h3></h3> <h4 align="justify"> </h4> <h4 align="justify">Have you completed CS Executive Programme?</h4> <p align="justify">Then, register for the next level CS Professional Programme on/before end of February or August to appear for all Modules in following December or June exams respectively.</p> <p align="justify">When you wish to start your CS Training, you shall first complete e-EDP (Electronic Executive Development Programme Online) or physically at ICSI.  Keep ready with you:</p> <ol> <li> <div align="justify"><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html" target="_blank">Marksheet of CS Executive Program</a> (<a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html" target="_blank">lost it???</a>)</div> </li> <li> <div align="justify">ICSI Identity Card</div> </li> <li> <div align="justify">Passport size Photograph</div> </li> </ol> <p align="justify"><strong><em>Your training period of 15 months will not start (as per ICSI records) if you have not completed EDP.</em></strong></p> <h1 align="justify"><a href="http://elearning.icsi.edu/eedp.html" target="_blank">Register for Online EDP now!!!</a> </h1> <h6 align="justify">(not applicable for candidates seeking exemption from 15 months CS Training)</h6> <p align="justify"> </p> <p align="justify"><strong>The Institute of Company Secretaries of India (ICSI) in collaboration with Gurukul Online Learning Solutions (GOLS) have come up with an initiative in the online form of SIP/EDP. This is basically a web-based training (WBT) wherein physical presence of the participant at the venue is not necessary</strong>.</p> <h4 align="justify">Have you completed CS Professional Programme?</h4> <p align="justify">You shall have to attend MSOP physically at ICSI. The e-MSOP (Electronic Management Skill Orientation Programme Online) is available only for candidate occupying very senior position and who has completed Company Secretaryship Final exams on or before <strong>01</strong>st <strong>September, 2006.  </strong>More details in <a href="http://yehseeyes.blogspot.com/2010/10/attend-msop-smtp-online-get-your.html">http://yehseeyes.blogspot.com/2010/10/attend-msop-smtp-online-get-your.html</a></p> <p align="justify"><strong><em>You will be eligible to apply for Associate Member of Company Secretary (ACS) only on completion of this.</em></strong></p> <h1 align="justify"><a href="http://elearning.icsi.edu/e-msopAnnouncements.html" target="_blank">Register for Online MSOP now!!!</a> </h1> <h6 align="justify">(Applicable for all candidates whether seeking exemption from 15 months CS Training or not)</h6> <p align="justify">For more details on CS training programmes or Exemption from CS training, visit <a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></p> <p align="justify">For more details on getting Associate  Membership of ICSI, visit <a href="http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html">http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html</a> </p> <p align="justify"><strong><em>Enjoy StreamingâŠ</em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-66280115819198015972012-03-27T17:33:00.001+05:302012-03-27T17:41:09.995+05:30Takeover Code 2011 Supplement Study Material for download as published by ICSI - Corporate Restructuring & Due Diligence portions (with Checklists) - Download & Print now for June 2012 exams onwards<p align="justify">ICSI has released Updates/Supplements for Corporate Restructuring & Insolvency (CRI) and Due Diligence & Corporate Compliance Management (DDCCM) paper of CS Professional Programme exams on the topic âNew Takeover Code 2011â (with Checklist).  The Study Materials are well made and worth reading.</p> <p align="justify"> </p> <p align="justify">I would suggest every student to take PRINT & read it instead of the existing chapters in your Study Material.</p> <p align="justify">Click the links below:</p> <h3 align="justify"><a href="https://docs.google.com/open?id=0B-36NqCFw_7NWnVuRW9hNnlScUNsbnJsWjFFSkF4UQ" target="_blank">Download CRI Supplement on Takeover Code</a></h3> <h3 align="justify"><a href="https://docs.google.com/open?id=0B-36NqCFw_7NRmNzbVdVdmVTMGlST2RRUk1maFQyQQ" target="_blank">Download DDCCM Supplement on Takeover Code</a></h3> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com9tag:blogger.com,1999:blog-9191919080550540685.post-57159765315860097082012-03-20T20:31:00.001+05:302012-04-18T16:29:15.080+05:30Indirect Tax Law Amendments Book for CA Final May 2012 exams & bookings open for November 2012 exam book<p align="justify">Now, you can enjoy reading Indirect Tax Amendments Book for CA Final May 2012 exams covering the following topics authored by CMA. Tharun Raj to enjoy passing, do give your comments on reading.  This can also be used as a reference to understand latest amendments by CS/CMA students & serves as a good reading for Professionals too. <a href="http://www.scribd.com/doc/86078008/Book-on-Indirect-Tax-Law-Amendments-for-CA-Final-May-2012-exams-order-now-to-enjoy-passing#fullscreen" target="_blank">Click here to preview the Amendments Book</a>.</p> <p align="justify"> </p> <p align="justify">Costs: Rs.95/- <strong>PLUS</strong> Delivery Charges of Rs.55/- (for South India) or Rs. 80/- (for North India).  The Demand Draft (DD) to be taken in the name of "C. Sitaraman & Co" payable at Chennai and Send it to:-</p> <p align="justify">                     C. Sitaraman & Co, <br />                     No. 37, Royapettah High Road, <br />                     Royapettah, <br />                     Chennai - 600 014. <br />                     Ph: 044-28117069 & 28111516.</p> <p align="justify"><strong>Pointers:- Kindly mention in your letter as âIndirect Tax Amendments Book by Tharun Rajâ & send your full detailed ADDRESS along with DD, where you need the delivery.</strong></p> <h5 align="justify"><font size="3"><a href="www.goo.gl/K9faK" target="_blank">Click here to reserve your November 2012 Book</a></font></h5> <p align="justify"></p> <style type="text/css"><br /><br /><br />.csharpcode, .csharpcode pre<br />{<br /> font-size: small;<br /> color: black;<br /> font-family: consolas, "Courier New", courier, monospace;<br /> background-color: #ffffff;<br /> /*white-space: pre;*/<br />}<br />.csharpcode pre { margin: 0em; }<br />.csharpcode .rem { color: #008000; }<br />.csharpcode .kwrd { color: #0000ff; }<br />.csharpcode .str { color: #006080; }<br />.csharpcode .op { color: #0000c0; }<br />.csharpcode .preproc { color: #cc6633; }<br />.csharpcode .asp { background-color: #ffff00; }<br />.csharpcode .html { color: #800000; }<br />.csharpcode .attr { color: #ff0000; }<br />.csharpcode .alt <br />{<br /> background-color: #f4f4f4;<br /> width: 100%;<br /> margin: 0em;<br />}<br />.csharpcode .lnum { color: #606060; }</style><a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View Book on Indirect Tax Law Amendments for CA Final May 2012 exams, order now to enjoy passing on Scribd" href="http://www.scribd.com/doc/86078008/Book-on-Indirect-Tax-Law-Amendments-for-CA-Final-May-2012-exams-order-now-to-enjoy-passing">Book on Indirect Tax Law Amendments for CA Final May 2012 exams, order now to enjoy passing </a><iframe id="doc_12221" class="scribd_iframe_embed" height="600" src="http://www.scribd.com/embeds/86078008/content?start_page=1&view_mode=list&access_key=key-1vv0rfpk6du1aiwrvn0i" frameborder="0" width="100%" scrolling="no" data-auto-height="true" data-aspect-ratio="0.707514450867052"></iframe> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com105tag:blogger.com,1999:blog-9191919080550540685.post-10020543490422464162012-02-25T12:10:00.001+05:302012-08-29T15:28:38.651+05:30Revaluation of CS Results & what next after passing Company Secretary Exams 2012 & to appear for December, Register with ICSI before February 29th 2012<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="-webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; letter-spacing: normal; line-height: 18px; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"> </span><br />
<div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="-webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; letter-spacing: normal; line-height: 18px; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-family: Helvetica;"><span style="background-color: white;"><span style="font-size: 10.5pt;">The results of the CS Foundation Programme, Intermediate/Executive Programme and Professional Programme examinations of the Company Secretaries held in December, 2011 are scheduled to be declared<span class="Apple-converted-space"> </span><strong>at 11.00 Noon on 25<sup>th</sup></strong><b><span class="Apple-converted-space"> </span></b></span><strong><span style="font-size: 10.5pt;">February, 2012 and it released on time.</span></strong></span></span></span></div>
<span class="Apple-style-span" style="-webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; letter-spacing: normal; line-height: 18px; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"> <div style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Result is available on the following servers.</span></span></div>
<ol style="list-style-type: decimal; margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"><a href="http://www.icsi.edu/">www.icsi.edu</a></span></strong></span></span> </li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"><a href="http://www.icsi.in/">www.icsi.in</a></span></strong></span></span> </li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"><a href="http://icsi.examresults.net/">http://icsi.examresults.net</a></span></strong></span></span> </li>
</ol>
<b><u>CS Exam Result â December 2012 Session</u></b><br />
<img height="10" src="http://icsi.edu/dot_2.gif" width="10" /><a href="http://icsiresults.net/Emarkssheet/testup.htm"> <b>Server1</b></a> <br />
<img height="10" src="http://icsi.edu/dot_2.gif" width="10" /><a href="http://icsi.examresults.net/"> <b>Server2</b></a> <br />
<img height="10" src="http://icsi.edu/dot_2.gif" width="10" /><a href="http://www.icsi.in/ExamResult/result.htm"> <b>Server3</b></a> <br />
<img height="10" src="http://icsi.edu/dot_2.gif" width="10" /><a href="http://icsi.examresults.net/dec-2011-eresult1.htm"> <b>Server4</b></a> <br />
<img height="10" src="http://icsi.edu/dot_2.gif" width="10" /><a href="http://server3.examresults.net/dec-2011-eresult3.htm"> <b>Server5</b></a> <br />
<img height="10" src="http://icsi.edu/dot_2.gif" width="10" /><a href="http://server2.examresults.net/dec-2011-eresult2.htm"> <b>Server6</b></a> <br />
<b><a href="http://icsi.examresults.net/dec-2011-eresult1.htm">CS DECEMBER 2011 RESULTS LINK 1</a> <br /><a href="http://server2.examresults.net/dec-2011-eresult2.htm">CS DECEMBER 2011 RESULTS LINK 2</a> <br /><a href="http://server3.examresults.net/dec-2011-eresult3.htm">CS DECEMBER 2011 RESULTS LINK 3</a></b> <br />
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">HEARTIEST WISHES FOR EVERY ONE WHO HAS WON & IN THE PROCESS OF WINNING COMPANY SECRETARY EXAMS</span></span><br />
<span style="font-family: Helvetica;"></span><br />
<div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;"><strong>When candidates who cleared this level can go to the next level of CS Exams? </strong>Candidates registered upto and including the month of February in a year are eligible for appearing in both the groups of the Executive Programme or all 4 modules of Professional Programme examination held in December of next year. So, its mandatory for you to submit prescribed forms before February 29, 2012 to appear for all modules in December 2012. You shall also complete Student Induction Programme (SIP), Executive Development Programme (EDP) and Professional Development Programme (PDP). Details in </span></span><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
<h3 align="justify" style="margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><span style="background-color: white; text-decoration: none;"><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html" target="_blank">Preserve your Mark sheets as NO more CS Pass Certificates for Foundation & Executive will be issued by ICSI on passing Company Secretary Exams but for Professional Program</a></span></span></span></h3>
<div style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<ins><ins><span style="background-color: white;"></span></ins></ins></div>
<div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<strong><span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Before visiting the nearest ICSI office, make sure you are ready with following things:</span></span></strong></div>
<h3 style="margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">For Foundation passed:</span></span></h3>
<ol style="list-style-type: decimal; margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Click here to register online for CS Executive Program Application -<a href="http://www.icsi.in/">http://www.icsi.in</a></span></span><span style="font-size: 10.5pt;"><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span><span style="font-family: Helvetica;"><span class="Apple-converted-space"> </span>and arrange for fees as per<span class="Apple-converted-space"> <a href="http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166">http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166</a></span></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Get to know your subjects and classes schedules at<span class="Apple-converted-space"> <a href="http://csclasses.learnlabz.com/">http://csclasses.learnlabz.com</a></span></span></span></span><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Register for Computer Training with <strong>Sify</strong> or produce your Certificates to write Exemption exam:<a href="http://icsi.sifyitest.com/howtoapply.php">http://icsi.sifyitest.com/howtoapply.php</a></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Enroll for or get Exemption from Student Induction Programme (SIP), a 7 full day program with ICSI which shall be completed within 6 months. Details in </span></span><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><span style="background-color: white; text-decoration: none;"><strong> & </strong><a href="https://docs.google.com/open?id=1XBh5rCmnC1ZP_Fjq-lU2dXop9VnyJh1aggwku6CX_WG3TfihHBw-VdU6dUS3" title="https://docs.google.com/open?id=1XBh5rCmnC1ZP_Fjq-lU2dXop9VnyJh1aggwku6CX_WG3TfihHBw-VdU6dUS3">https://docs.google.com/open?id=1XBh5rCmnC1ZP_Fjq-lU2dXop9VnyJh1aggwku6CX_WG3TfihHBw-VdU6dUS3</a></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Collect & preserve your Marksheets as per<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a></span></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Get your Bcom degree too<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a></span></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Get your scholarship based on your school marks from<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a></span></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Start writing CC papers for eligibility<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html">Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks</a></span></span></span><span style="font-size: 10.5pt;"><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span></span><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span class="Apple-converted-space"> </span>and submit on or before August 2012.</span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Enjoy reading CS Executive Programme books Only This Much for Company, Economic, Labour & Securities Law from<span class="Apple-converted-space"> <a href="http://csbooks.learnlabz.com/">http://csbooks.learnlabz.com</a></span></span></span></span></div>
</li>
</ol>
<h3 style="margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">For Executive passed:</span></span></h3>
<ol style="list-style-type: decimal; margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Click here to register online for CS Executive Program Application -</span></span><span style="font-size: 10.5pt;"><a href="http://www.icsi.in/">http://www.icsi.in</a><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span><span style="font-family: Helvetica;"><span class="Apple-converted-space"> </span>OR Click here to download & fill CS Professional Program Application -<a href="http://www.icsi.edu/webmodules/student/final.doc">http://www.icsi.edu/webmodules/student/final.doc</a></span><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span><span style="font-family: Helvetica;"><span class="Apple-converted-space"> </span>and arrange for fees as per Apply for Executive Development Program (EDP) and find details from nearest ICSI -</span><a href="http://www.icsi.edu/webmodules/student/TopForm.doc">http://www.icsi.edu/webmodules/student/TopForm.doc</a><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span><span style="font-family: Helvetica;"><span class="Apple-converted-space"> </span>(its a mandatory pre-requisite to commence CS Training). EDP is a 8 full day program offered at ICSI and your training will commence only on completion of this program. Details in </span></span></span><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white; color: #000099; text-decoration: none;"><strong></strong></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Collect & preserve your Marksheets as per<span class="Apple-converted-space"> </span></span></span></span><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Then, start sending emails & applications of RESUME for CS Training to</span></span></div>
<ol style="list-style-type: decimal; margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"><a href="http://www.icsi.edu:8888/Pcsareg/list15.aspx">List of Company Secretaries in Practice Registered for Imparting Training</a></span></strong></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"><a href="http://www.icsi.edu/WebModules/icsiweb/works/training/listcompanies.asp">Registered Companies for Training</a></span></strong></span></span></div>
</li>
</ol>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">For 15-month CS Training related information, you can visit </span></span><a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html">http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Start looking out for<span class="Apple-converted-space"> <a href="http://www.icsi.edu/webmodules/student/ADPForm.doc">Professional Development Programs (PDP)</a></span></span></span><span style="font-size: 10.5pt;"><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span><span style="font-family: Helvetica;"><span class="Apple-converted-space"> </span>as its mandatory to attend for 25 hours or you have the option to<span class="Apple-converted-space"> </span></span><a href="http://www.icsi.edu/WebModules/LinksOfWeeks/37TH%20NATIONAL%20CONVENTION%20OF%20COMPANY%20SECRETARIES.pdf">register for National Convention of ICSI</a><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span></span><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">.</span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Get your Mcom degree too<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a></span></span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Get your scholarship based on your school marks from<span class="Apple-converted-space"> </span></span></span></span><a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Get to know your subjects and classes schedules at<span class="Apple-converted-space"> </span></span></span></span><a href="http://csclasses.learnlabz.com/">http://csclasses.learnlabz.com</a></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Start writing CC papers for eligibility<span class="Apple-converted-space"> </span></span></span><span style="font-size: 10.5pt;"><a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html">Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks</a><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span></span><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span class="Apple-converted-space"> </span>and submit on or before August 2012.</span></span></span></div>
</li>
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white;">Enjoy reading CS Professional books for all law subjects @<span class="Apple-converted-space"> </span></span></span></span><a href="http://csbooks.learnlabz.com/">http://csbooks.learnlabz.com</a></div>
</li>
</ol>
<h3 style="margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">For Professional passed:</span></span></h3>
<ol style="list-style-type: decimal; margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<li style="margin: 0px 0px 7px 33px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> <div align="justify" style="margin: 0px 0px 14px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Collect & preserve your Marksheets & Pass certificates as per </span></span><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
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<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Pending Training you are eligible for Licentiate Membership of ICSI -</span></span><span style="font-size: 10.5pt;"><a href="http://www.icsi.edu/webmodules/student/Licentiate.doc">http://www.icsi.edu/webmodules/student/Licentiate.doc</a><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span></span><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span class="Apple-converted-space"> </span>and you will get Chartered Secretary (Members magazine) free of cost.</span></span></span></div>
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<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Complete your CS Training or Claim exemption from it following </span></span><a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html">http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html</a><span style="font-family: Helvetica;"><span style="color: #000099; font-size: 10.5pt;"><strong><span style="background-color: white; text-decoration: none;"></span></strong></span></span></div>
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<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Complete RoC Training or Stock Exchange training, if applicable. Send e-mail to<span class="Apple-converted-space"> </span></span></span><span style="font-size: 10.5pt;"><a href="mailto:training2@icsi.edu"><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;">training2@icsi.edu</span></strong></span></a></span><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span class="Apple-converted-space"> </span>to get the sponsorship letter.</span></span></span></div>
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<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Complete 25 hours PDP's, 15 full days MSOPâs, etc⊠in </span></span><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></div>
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<span style="font-family: Helvetica;"><span style="background-color: white; font-size: 10.5pt;">Then, apply for the esteemed membership of ICSI following, </span></span><a href="http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html">http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html</a></div>
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<span style="font-family: Helvetica;"><span style="background-color: white;"><strong><span style="font-size: 10.5pt;">Are you not satisfied with your CS results?</span></strong><span style="font-size: 10.5pt;"><span class="Apple-converted-space"> </span>then apply for Verification of marks (casually called revaluation or re-counting) within 30 days from today (ie) within 30 days from declaration of CS results by sending Rs. 250 DD per subject. For more details, visit<span class="Apple-converted-space"> </span></span></span></span><a href="http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html">http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html</a></div>
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<span style="font-family: Helvetica;"><span style="background-color: white;"><span style="font-size: 10.5pt;"><strong>Do you wish to get COPY of your answer sheets?</strong> then apply for Certified Copy of Answer Books for the exam WITHIN 45 days of declaration of CS results by sending Rs.500/- DD per subject. For the application form, visit <a href="https://docs.google.com/document/d/1ERyNgqdS6kCK-piru-Itupb0cW-93GFHpgyW0vzYMnk/edit" title="https://docs.google.com/document/d/1ERyNgqdS6kCK-piru-Itupb0cW-93GFHpgyW0vzYMnk/edit">https://docs.google.com/document/d/1ERyNgqdS6kCK-piru-Itupb0cW-93GFHpgyW0vzYMnk/edit</a></span></span></span></div>
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<span style="background-color: white;"><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;">Enjoy passin... Of course, you can keep track of all updates, happenings and all about Company Secretaries by following<span class="Apple-converted-space"> </span></span></span><span style="font-size: 10.5pt;"><a href="http://yehseeyes.blogspot.com/">http://yehseeyes.blogspot.com/</a><span style="color: #000099;"><strong><span style="font-family: Helvetica; text-decoration: none;"></span></strong></span> <span style="font-family: Helvetica;">and<span class="Apple-converted-space"> </span></span></span></span><a href="http://feedburner.google.com/fb/a/mailverify?uri=yehseeyes">Get See Yes -> Yes, ACS delivered by email</a><span style="font-family: Helvetica;"><span style="font-size: 10.5pt;"><span style="background-color: white; color: #000099; text-decoration: none;"><strong></strong></span></span></span></div>
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See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com9tag:blogger.com,1999:blog-9191919080550540685.post-75148595712973938222012-02-07T15:09:00.000+05:302012-02-07T15:27:06.305+05:30KnowLaw on International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges<p> <div align="center"><table border="0" cellpadding="0" cellspacing="0"><tr align="center"><td><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWBU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' >View this message in your browser</a></td><td width="20">|</td><td><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWBE4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' >View this message in your mobile</a></td><td width="20">|</td><td><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWC04GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' >Forward to your friends</a></td><td width="20">|</td><td><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWCk4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' >Unsubscribe</a></td><td width="20">|</td><td><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRA04GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><img alt="Dndurl" src="unsub.gif" /></a></td></tr></table></div> </p> <p> <style type="text/css"> </style></p> <p style="margin-bottom: 0in; border-top: none; border-bottom: 1px solid #00000a; border-left: none; border-right: none; padding-top: 0in; padding-bottom: 0.01in; padding-left: 0in; padding-right: 0in"> <font color="#008080"><font size="6" style="font-size: 26pt"><b>Know Law</b></font></font><font size="7" style="font-size: 41pt"><b> </b></font><font size="6" style="font-size: 26pt"><b> </b></font><i> </i></p> <p> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJg9brhq9h3mNgcRLgOK_aRj9T81Phk3jIyGWlY-evv8c5eRALx1CDnn7g64PXg19HiDUvqbtbF6AItlbNsFylH1vnTNmUh2zgYBFvGhGxKn-MFa86CzQjbFnm6H1sxr2P85t-xCT6/s1600/2-726306.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJg9brhq9h3mNgcRLgOK_aRj9T81Phk3jIyGWlY-evv8c5eRALx1CDnn7g64PXg19HiDUvqbtbF6AItlbNsFylH1vnTNmUh2zgYBFvGhGxKn-MFa86CzQjbFnm6H1sxr2P85t-xCT6/s320/2-726306.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_5706330600032445714" /></a></p> <p style="margin-bottom: 0in; border-top: none; border-bottom: 1px solid #00000a; border-left: none; border-right: none; padding-top: 0in; padding-bottom: 0.01in; padding-left: 0in; padding-right: 0in"> <i><span style="font-size: 10pt; line-height: 115%; font-family: Arial, sans-serif; ">Labz India</span></i><i> Notification 12 of 2012</i></p> <p style="margin-bottom: 0in; border-top: none; border-bottom: 1px solid #00000a; border-left: none; border-right: none; padding-top: 0in; padding-bottom: 0.01in; padding-left: 0in; padding-right: 0in"> <i>A written-cum-video initiative to know your corporate legal position as on date</i></p> <p class="MsoNormal" style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial; "> </p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> </p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> <b><span style="font-size:24.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin">Legal Queries???</span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> </p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><b><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin"> </span></b></span></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:14px;"><b><span style="font-family:"Calibri","sans-serif"">How to utilize & escalate your company’s resources? Are you confident that you have utilised the company's resource to the fullest potential!!! What is your market capitalisation of the company? Do you want your declaration of financial results to be a national affair? Have you exploited all sources of funding for your business? Whether your company is enjoying a bigger brand value across the globe? Are you exploring the possibilities of various funding options internationally? How to raise money from abroad? Do you want to list your company in foreign stock exchanges like NASDAQ, London Stock Exchange, Australian Stock Exchange? Have you heard about depository receipts and how does it works? What are the instruments available ro raise money? Can foreigners invests in an Indian company through secondary market with less compliance requirement? Can an Indian company lists abroad without having any overseas branches of its office?</span></b></span></p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> <b><span style="font-size: 24pt; font-family: Calibri, sans-serif; "> </span></b></p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> <b><span style="font-size: 24pt; font-family: Calibri, sans-serif; ">Solution…</span></b></p> <p> <b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges</span></b></p> <p style="text-align: justify; "> <span style="font-size:14px;"><b><span style="font-family:"Calibri","sans-serif"; color:teal">Raising money from abroad is a good option provided you have a feasible and viable project in hand, since there more investors abroad when compared to India. This option can be utilized by a company interested in capturing resources of international market, provided it complies with the criterion of past track record & performances as prescribed.</span></b></span></p> <p style="text-align: justify; "> <span style="font-size:14px;"><b><span style="font-family:"Calibri","sans-serif"; color:teal">International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges requires approval under Company laws, Securities laws, FEMA regulations, approvals of FIPB and approvals of stock exchange from abroad and India. This process involves preparation of offer documents, appointment of market intermediaries like merchant banker, satisfying criterion with depositories and custodian banks in India and abroad, collecting investments, issuing shares and listing in stock exchanges abroad. </span></b><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' target="_blank"><b><span style="font-family:"Calibri","sans-serif"">Read More...</span></b></a></span></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";color:teal"> </span></b></p> <p> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif"; color:teal">Requirement under Indian laws </span></b><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">on International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges:</span></b></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:14px;"><span style="font-family:"Calibri","sans-serif";mso-bidi-font-weight:bold">Indian laws treat the depository receipt as foreign direct investment. The law permits denomination of securities in freely convertible foreign currency and can be floated abroad in countries like United States, European Union, Australia with less procedural requirement the respective countries regulators like Securities Exchange Commission. The FEMA regulations read with Depository receipt mechanism provides for issue of securities abroad and conversion of the bonds/instruments in foreign currency into underlying equity shares with voting rights in India after a cooling period through various intermediaries like Overseas Custodian Bank, Domestic depository in India, etc… In certain cases, the Ministry of Finance and Department of Economic Affairs may be required in addition to the one-time and periodical reporting requirement under Reserve Bank of India (RBI) regulations.</span></span></p> <p style="text-align: justify; "> </p> <p> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif"; color:teal">Myth buster</span></b><b><span style="font-size:13.0pt;font-family: "Calibri","sans-serif";color:black"> on </span></b><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges</span></b><b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";color:black">:</span></b></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:14px;"><span style="font-family:"Calibri","sans-serif";mso-bidi-font-weight:bold">Huge formalities involved as to lock-in period of securities, the limits on number of issues per year, the end-use restrictions & lot of regulatory approvals required!!! No, the issue process is a plain vanilla procedure with simple conditions on issue expenses and two-stage reporting requirements like a foreign direct investment into India. The value of money that can be raised as a tap issue or as tranches has no limit as per Indian laws. Further, the amount so raised may be used for whatsoever purposes unless it is an instrument like Foreign Currency Convertible Bonds (FCCB’s) where there is a restriction as applicable to External Commercial Borrowings (ECB). Even further, the procedural clearance abroad for issues in alternate investment market of their country is relatively simple.</span></span></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:14px;"><b><span style="font-family:"Calibri","sans-serif";color:red"> </span></b></span></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p> <p> <span style="font-size:14px;"><b><span style="font-family:"Calibri","sans-serif";color:teal">Caution point</span></b><b><span style="font-family:"Calibri","sans-serif";color:black"> on </span></b></span><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges!</span></b><b><span style="font-family:"Calibri","sans-serif";color:black">!!</span></b></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:14px;"><span style="font-family:"Calibri","sans-serif";mso-bidi-font-weight:bold">The compliance of requirements of Indian Company law as to issue of shares shall be duly complied with and necessary e-forms are filed with Registrar of Companies on time. The pricing shall be done based on the date of meeting as to the closing average high & low prices of shares in Indian Stock Exchanges. Agreements with intermediaries shall be entered into. Care should be taken while drafting the Offering Circular, the prospectus like offer document which should provide for all information that is required for an investor to take decision. The prior approval of Reserve Bank of India may be required based on the sectoral cap under Foreign Direct Investment Regulations. Also ensure the in-principle approval for listing is obtained from the stock exchanges for issue of securities in India. Even the benefit of double taxation avoidance agreement can be enjoyed for depository receipts. Ensure the RBI reporting shall be done promptly on 30 days of closure of issue and a quarterly reporting within 15 days. </span></span></p> <p style="margin-top: 0in; margin-right: 0in; margin-left: 0in; margin-bottom: 0.0001pt; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; text-align: justify; "> <span style="font-size:14px;"><b><u><span style="font-family: Calibri, sans-serif; color: black; "><span style="text-decoration:none"> </span></span></u></b></span></p> <p style="text-align: justify; "> <a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif"">WATCH LAWLABZ VIDEO on </span></b></a><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; "> International Issue of securities through ADR/GDR/FCCB and listing in foreign stock exchanges</span></b></a><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><b><u><span style="font-size: 11pt; font-family: Calibri, sans-serif; "> </span></u></b></a><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><u><span style="font-size: 11pt; font-family: Calibri, sans-serif; ">in India!</span></u></a><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><u><span style="font-size:11.0pt; font-family:"Calibri","sans-serif";color:black;mso-bidi-font-weight:bold">!!</span></u></a><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><span style="font-size:11.0pt;font-family:"Calibri","sans-serif"; mso-bidi-font-weight:bold"> (</span></a><a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANRAU4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' ><span style="font-size:11.0pt;font-family:"Calibri","sans-serif"; 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border-top: 1px solid #00000a; border-bottom: none; border-left: none; border-right: none; padding-top: 0.01in; padding-bottom: 0in; padding-left: 0in; padding-right: 0in"> <b><span style="font-size: 12.0pt;mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:Calibri; mso-bidi-theme-font:minor-latin;color:black;mso-bidi-font-weight:bold"><font size="2" style="font-size: 9pt"><i>For Private Circulation Only. </i></font><font size="2" style="font-size: 9pt">The copyright of this notification is retained by Lawlabz. Notwithstanding anything contained herein, this notification does not amount to opinion or consultation of any nature. </font><b>One Pager</b></span></b></p><br/><br/><div class="emailfooter"><p>--<br> If you do not want to receive any more newsletters, <a href='http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWCk4GAwgHXB0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=' >this link</a><br><br> </div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-41199785866303411792012-02-04T18:10:00.005+05:302012-02-04T18:31:09.275+05:30Company Secretary Foundation Programme New Syllabus 2012 from December exams<div>CS Foundation Program New Syllabus from December 2012 exams. Get your B.com along with CS Foundation course (<b><a href="http://yehseeyes.blogspot.in/2009/06/bcom-cs-executive-mcom-cs-professional.html">Click here for more details</a></b>). All graduates & post graduates (excluding Fine arts) are exempted from CS Foundation programme & even scholarships are provided based on 10+2 marks (<a href="http://yehseeyes.blogspot.in/2011/02/company-secretary-exemption-for-bcom.html"><b>click here for more details</b></a>). Students who have cleared Chartered Accountancy Final exams or Cost Accountancy Final exams (CA/CMA final exams) are exempted from CS Foundation Program. Though applications are open throughout the year, apply before end of September for following year's June exams & apply before end of March for following December examination.</div><div><br /></div><div>The minimum qualification shall be 10+2 schooling. The exams will be based on objective type questions and OMR sheets using paper-pencil mode and will be held twice a year on June (2 & 3) and December (26 & 27) for 2 full days every year for 2 hours per exam during morning & afternoon. </div><div><br /></div><div><b>Fees:</b></div><div>The Prospectus shall be Rs.200/- from Regional offices of ICSI or Rs.250/- by sending a post to ICSI House, 22, Institutional Area, Lodi Road, New Delhi-110003. The DD shall be made in the name of "The Institute of Company Secretaries of India" payable at New Delhi. </div><div><br /></div><div>The registration fees for the entire course shall be Rs.3,600 and exam fees shall be Rs.875/- The helpline no. for ICSI is 011-41504444. </div><div><br /></div><div>The subjects are:</div><div>1. Business Environment & Entrepreneurship (Paper1)</div><div>2. Business Management, Ethics & Communication (Paper 2)</div><div>3. Business Economics & Statistics (Paper 3)</div><div>4. Fundamentals of Accounting & Auditing (Paper 4)</div><div>Download detailed contents from <a href="http://www.scribd.com/fullscreen/80466004?access_key=key-m4h6ln6qdhkshsrtkk4">http://www.scribd.com/fullscreen/80466004?access_key=key-m4h6ln6qdhkshsrtkk4</a></div><div><br /></div><div>The passing concept shall be 40% per subject with a total of 50% in all 4 subjects, in aggregate. Any score beyond 60% will enable paper-wise exemption for the further exams.</div><div><br /></div><div>More details on CS Course can be understood from <a href="http://yehseeyes.blogspot.in/2011/01/download-company-secretary-course-kit.html">http://yehseeyes.blogspot.in/2011/01/download-company-secretary-course-kit.html</a></div><div><b><i>Enjoy applying,</i></b></div><div><b><i><br /></i></b></div><div><b><i>Register online from </i></b><a href="http://icsi.in/">http://icsi.in/</a> by clicking New Student Registration under Log-in.</div><div><br /></div><div>The details contents of CS Foundation Syllabus can be downloaded from:</div><div><br /></div><br /><a title="View Company Secretary Foundation Course New Syllabus 2012 on Scribd" href="http://www.scribd.com/doc/80466004/Company-Secretary-Foundation-Course-New-Syllabus-2012" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">Company Secretary Foundation Course New Syllabus 2012</a><iframe class="scribd_iframe_embed" src="http://www.scribd.com/embeds/80466004/content?start_page=1&view_mode=list&access_key=key-m4h6ln6qdhkshsrtkk4" height="true" ratio="0.874285714285714" scrolling="no" id="doc_33762" width="100%" frameborder="0"></iframe><script type="text/javascript">(function() { var scribd = document.createElement("script"); scribd.type = "text/javascript"; scribd.async = true; scribd.src = "http://www.scribd.com/javascripts/embed_code/inject.js"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(scribd, s); })();</script>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com61tag:blogger.com,1999:blog-9191919080550540685.post-3572464886000141802012-01-24T01:55:00.001+05:302012-01-24T11:48:36.422+05:30KnowLaw on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India<p> </p> <p> <style type="text/css"> </style></p> <p style="margin-bottom: 0in; border-top: none; border-bottom: 1px solid #00000a; border-left: none; border-right: none; padding-top: 0in; padding-bottom: 0.01in; padding-left: 0in; padding-right: 0in"> <span ><span style="font-size: 26pt"><b>Know Law</b></span></span><span style="font-size: 41pt"><b> </b></span><span style="font-size: 26pt"><b> </b></span><i> </i></p> <p> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_hEmLF60EYF-ynzmHX0blYFT3ZpRNXEGhM5i0JI1UkF7qFHMYDUdUyBgbhlh0jz1A8bu8ZyUKnvP8jEWZfCv4E5KuP0_vPftnYIRz6cSPObXkG_H4-DffrpuTQ1-FWFdxMXa_1pOo/s1600/2-764681.jpg"><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_hEmLF60EYF-ynzmHX0blYFT3ZpRNXEGhM5i0JI1UkF7qFHMYDUdUyBgbhlh0jz1A8bu8ZyUKnvP8jEWZfCv4E5KuP0_vPftnYIRz6cSPObXkG_H4-DffrpuTQ1-FWFdxMXa_1pOo/s320/2-764681.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_5700926410397981074" /></a></p> <p style="margin-bottom: 0in; border-top: none; border-bottom: 1px solid #00000a; border-left: none; border-right: none; padding-top: 0in; padding-bottom: 0.01in; padding-left: 0in; padding-right: 0in"> <i>Labz Notification 10 of 2011 </i></p> <p style="margin-bottom: 0in; border-top: none; border-bottom: 1px solid #00000a; border-left: none; border-right: none; padding-top: 0in; padding-bottom: 0.01in; padding-left: 0in; padding-right: 0in"> <i>A written-cum-video initiative to know your corporate legal position as on date</i></p> <p class="MsoNormal" style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial; "> </p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> </p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> <b><span style="font-size:24.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin">Legal Queries???</span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> </p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><b><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin"> </span></b></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><span style="font-size:18px;"><b><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin">What are restrictions in foreign inflow? What are the FDI compliances with RBI? What are the ECB compliances with RBI? What are the FCCB/GDR/ADR compliances with RBI? Is there any annual return with RBI like that under Company laws? What are the consequences of non-filing of returns with RBI? When you are falling under Automatic route of FEMA, is there any reporting requirement with RBI? What happens if the inflow is not under automatic route? Is SEZ mandated by RBI for such reporting? What is the reporting procedure? What are the legal requirements in India when foreign exchange is involved in a companyâs capital account transaction?</span></b></span></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> </p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> <b><span style="font-size: 24pt; font-family: Calibri, sans-serif; "> </span></b></p> <p style="margin:0in;margin-bottom:.0001pt;background:white"> <b><span style="font-size: 24pt; font-family: Calibri, sans-serif; ">SolutionâŠ</span></b></p> <p style="text-align:justify"> <span style="font-size:18px;"><b><span style="font-family: Calibri, sans-serif; ">FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction</span></b></span></p> <p style="text-align:justify"> <span style="font-size:16px;"><b><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font: minor-latin;color:teal">The compliances under Foreign Exchange Management Act (FEMA) arise, when there is an inflow or outflow of foreign exchange. When dealing with bank accounts situated outside India or in India, you might not realize the indirect effect on foreign exchange which mandate FEMA compliances. In India, most of the current account transaction mandates reporting arrangements, whereas certain capital account transaction require approvals from the Central Bank namely Reserve Bank of India.</span></b></span></p> <p style="text-align:justify"> <span style="font-size:16px;"><b><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font: minor-latin;color:teal">FEMA being an ever changing law in India, the legalization of a transaction and its dealings is a voluminous task. The approvals, intimations & reporting have to be done keeping in mind the legal updated applied with practical skills. At Lawlabz we can facilitate the same for your companyâs transactions. </span></b><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font: minor-latin"><a href="http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWAU4GAwgHUh0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw=" target="_blank"><b>Read More...</b></a></span></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:14px;"><b><span style="font-family: Calibri, sans-serif; color: teal; "> </span></b></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:teal"> </span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:teal">Requirement under Indian laws </span></b><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India:</span></b></p> <p style="text-align:justify;background:white"> <span style="font-size:16px;"><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font: minor-latin;mso-bidi-font-weight:bold">Whenever there is an issue, allotment, transfer or conversion of shares, an intimation or approval may be required under FEMA as an event based compliance requirement. This can happen in situations where there is an increase in the shareholding of the company or on induction of new shareholders or an investment is made into the company abroad or when there is transfer of shares in which one party is an Indian or when loans (External Commercial Borrowings) are converted into equity capital. Further, whenever arises an event under FEMA, it comes with a obligation to submit periodical returns as well on a monthly basis for loans related dealing, quarterly basis for FCCB/ADR/GDR related overseas issues and on a annual basis for equity related dealings. Further, there are ceiling limits of 7 days/15 days/30 days/60 days/180 days for various compliances mentioned above. Even further, there is a requirement of certification of procedural compliance of the transaction by a Company Secretary and a certification on valuation of shares through Discounted Cash Flow method by a Chartered Accountant. Any delayed filing beyond the prescribed period also amounts to violation of law which can invite actions from RBI. Hence, in such cases, there is a option of <a href="http://sm1.mailserv.in/lawlabz/lt.php?id=eElVCFQJVANWAE4GAwgHUh0=BQ1UBEsWWFwXCxAVDxtEWl4EUAV5Bl4KVFVTQRdVCgw="><span style="color:teal">voluntary compounding of offences by disclosing the offence to RBI.</span></a></span></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:teal"> </span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:teal"> </span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:teal">Myth buster</span></b><b><span style="font-size:13.0pt;font-family: "Calibri","sans-serif";mso-ascii-theme-font:minor-latin;mso-hansi-theme-font: minor-latin;mso-bidi-theme-font:minor-latin;color:black"> on </span></b><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India</span></b><b><span style="font-size:13.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:black">:</span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;mso-bidi-font-weight: bold"> </span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;mso-bidi-font-weight: bold">FEMA compliances are not a mere one-time requirement of reporting whenever there is a requirement of funding or investment or raising money in India or abroad but it goes beyond as a regular procedural requirement once, one of such transaction with a foreign country or foreigner is made. The entire business transaction shall be consulted with an expert as to its impact on automatic route or approval route and how it shall be proceeded with. It may happen, the transaction is under automatic route but as it is taken up by a large enterprise, it may fall under approval route that shall be duly considered. Whenever a foreign exchange transaction happens, it should be considered on a wholesome basis as to its requirements on foreign exchange laws, the accounting treatment of the transactions and the legality of it under the requirement of various corporate laws, industrial laws and sector-specific laws. </span></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;mso-bidi-font-weight: bold"> </span></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;mso-bidi-font-weight: bold"> </span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:black"> </span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><b><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;color:teal">Caution point</span></b></span><b><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:black"> on </span></b><b><span style="font-size: 13pt; font-family: Calibri, sans-serif; ">FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India!</span></b><b><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font: minor-latin;color:black">!!</span></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;mso-bidi-font-weight: bold"> </span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-size:16px;"><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;mso-bidi-font-weight: bold">As the requirements of FEMA are constantly changing as updated by RBI, one shall take caution to ensure whether the reporting requirement on a particular date is in the latest prescribed legal requirement in India. The transacting Indian company shall be in regular touch with their Authorised Dealer (the bank in India) who is responsible for conversion of foreign exchange till the time the bank gets a final confirmation from RBI as to the satisfaction of the legal compliance requirement. The Joint ventures or foreign collaborations shall give due consideration of this legal requirement as this involves a hefty penalty of 3 times of the amount involved or to take the route of compounding to safeguard from violations.</span></span></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> </p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <b><u><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin; color:black"><span style="text-decoration:none"> </span></span></u></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;background:white"> <span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin"><a target="_blank"><b><span style="font-size:11.0pt">WATCH LAWLABZ VIDEO on </span></b></a></span><span style="font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin; 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Notwithstanding anything contained herein, this notification does not amount to opinion or consultation of any nature. </span><b>One Pager</b></span></b></p><br /><br /><div class="emailfooter"><p>--<br />For earlier newsletters of KnowLaw series of Lawlabz, <a href="http://www.lawlabz.com/news-events.html">Click this link</a> </p></div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com23tag:blogger.com,1999:blog-9191919080550540685.post-71746659629208921252011-09-25T15:07:00.001+05:302011-09-25T15:07:18.318+05:30Important Forms Fees Due Date Provisions on Income Tax, Service Tax, Companies Act, LLP Act for CS Executive & Professional Program examsâDownload Book<p>ICAI has recently issued Quick Insights on CA which covers elaborately the provisions of Income Tax & Service Tax.  It will be helpful for preparation of following papers of CS Exams:</p> <ol> <li>Tax Laws (Income Tax & Service Tax) for Company Secretary Executive Program</li> <li>Advance Tax Laws & Practice for Company Secretary Professional Program</li> </ol> <p><strong><em>Download the material from <a title="http://220.227.161.86/24347quick_insight.pdf" href="http://220.227.161.86/24347quick_insight.pdf">http://220.227.161.86/24347quick_insight.pdf</a></em></strong></p> <p>Further the material also discusses crisp details on Companies Act, 1956 and Limited Liability Partnership Act, 2008 which are given as under:</p> <p><a href="http://lh6.ggpht.com/-1KWNbSW6Gyc/Tn72N91U72I/AAAAAAAAJbM/BpzIA1xbtW0/s1600-h/Companies%252520Act%252520Forms%252520Fees%252520Due%252520Date%252520Delayed%252520Filing%25255B5%25255D.png"><img style="background-image: none; border-bottom: 0px; border-left: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top: 0px; border-right: 0px; padding-top: 0px" title="Companies Act Forms Fees Due Date Delayed Filing" border="0" alt="Companies Act Forms Fees Due Date Delayed Filing" src="http://lh6.ggpht.com/-IifDuaWXV98/Tn72Qr-xYJI/AAAAAAAAJbQ/z7pntSv4zVc/Companies%252520Act%252520Forms%252520Fees%252520Due%252520Date%252520Delayed%252520Filing_thumb%25255B3%25255D.png?imgmax=800" width="644" height="463" /></a></p> <p><a href="http://lh6.ggpht.com/-g-an2qCEihU/Tn72RiRNDrI/AAAAAAAAJbU/ogWPId7QF1w/s1600-h/LLP%252520Act%252520Forms%252520Fees%252520Due%252520Date%25255B4%25255D.png"><img style="background-image: none; border-bottom: 0px; border-left: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top: 0px; border-right: 0px; padding-top: 0px" title="LLP Act Forms Fees Due Date" border="0" alt="LLP Act Forms Fees Due Date" src="http://lh6.ggpht.com/-tJWRSskv5SA/Tn72TQa-JWI/AAAAAAAAJbY/bVrpmp1y4I8/LLP%252520Act%252520Forms%252520Fees%252520Due%252520Date_thumb%25255B2%25255D.png?imgmax=800" width="644" height="378" /></a></p> <p><strong>Source: ICAI vide <a title="http://220.227.161.86/24347quick_insight.pdf" href="http://220.227.161.86/24347quick_insight.pdf">http://220.227.161.86/24347quick_insight.pdf</a></strong></p> <p><em>The materials are shared only for the purpose of study and no other purpose.</em></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-31152897856224165082011-09-25T13:41:00.001+05:302011-09-25T17:50:58.207+05:30Company Secretary Hindi medium books on Law for CS Exam Preparation & Revision of Foundation, Executive & Professional Programme âDownload Now<p align="justify">As you are aware the Institute of Company Secretaries of India (ICSI) allows Students to write Company Secretary Exams in Hindi Medium, you can download books on certain laws for your easy preparation & revision in Hindi as provided for All India Bar Exams (AIBE). </p> <p align="justify"><strong><u>Company Secretary Law Subjects in Hindi Medium:</u></strong></p> <p align="justify"><em><strong><u>à€à€à€Șà€šà„ à€žà„à€à„à€°à„à€à€°à„ à€Șà€°à„à€à„à€·à€Ÿ à€à„ à€Čà€żà€ à€à„à€”à€Č à€à€€à€šà€Ÿ "à€Șà€ąà€Œà„à€.</u></strong></em> <br />à€à„à€žà€Ÿ à€à€ż à€à€Ș à€à€Ÿà€šà€€à„ à€čà„à€ à€Źà€Ÿà€° à€à€Ÿà€à€à€žà€żà€Č à€à€ à€Șà€°à„à€à„à€·à€Ÿ à€Żà„à€à„à€Ż à€”à€à„à€Čà„à€, à€à„ à€à€Ÿà€°à€€ à€à€° à€źà„à€ à€šà„à€Żà€Ÿà€Żà€Ÿà€Čà€Żà„à€ à€źà„à€à€”à€à€Ÿà€Čà€€ à€à€° à€à€°à€šà„ and à€°à„à€à€ż à€°à€à€€à„ à€čà„à€ à€à„ à€Čà€żà€ à€à€Č à€à€à€Ąà€żà€Żà€Ÿ à€Źà€Ÿà€° à€Șà€°à„à€à„à€·à€Ÿ (AIBE) à€à€čà€Ÿ à€à€Ÿà€€à€Ÿ à€čà„. à€à€ž à€Șà„à€°à€Żà„à€à€š à€à„ à€Čà€żà€, Rainmaker à€Źà€Ÿà€° à€à€Ÿà€à€à€žà€żà€Č à€à„ à€žà€Ÿà€„ à€
à€Šà„à€à„à€€ à€€à„à€Żà€Ÿà€°à„ à€žà€Ÿà€źà€à„à€°à„ à€Źà€šà€Ÿà€Żà€Ÿ à€à€Żà€Ÿ à€čà„. à€žà€Ÿà€źà€à„à€°à„à€à€Ÿà€«à„ à€Șà€°à„à€Żà€Ÿà€Șà„à€€ à€źà€čà€€à„à€”à€Șà„à€°à„à€Ł à€Șà„à€°à€Ÿà€”à€§à€Ÿà€šà„à€ à€à„ à€à€”à€° à€à€żà€Żà€Ÿ à€čà„à€. à€Żà€č à€à€à€Șà€šà„ à€žà„à€à„à€°à„à€à€°à„ à€
à€à€€à€żà€ź à€à€Ÿà€°à„à€Żà€à„à€°à€ź à€à€° à€à€à€Șà€šà„à€žà„à€à„à€°à„à€à€°à„ à€à€à€à€° à€à€Ÿà€°à„à€Żà€à„à€°à€ź and à€žà€Ÿà€źà€Ÿà€šà„à€Ż à€à€Ÿà€šà„à€š and à€źà€žà„à€Šà€Ÿ à€à€Ÿà€à€ à€à„ à€Čà€żà€ à€žà€Źà€žà„ à€
à€à„à€à€Ÿ à€žà€à€Šà€°à„à€ à€žà€Ÿà€źà€à„à€°à„ à€čà„, à€Źà€ž à€Șà€°à„à€à„à€·à€Ÿ à€źà„à€ à€
à€§à€żà€à€€à€ź à€
à€à€ à€Șà„à€°à€Ÿà€Șà„à€€ à€Șà€ąà„à€. à€Żà€č CS à€Șà€°à„à€à„à€·à€Ÿ à€Żà€Ÿ à€à€żà€žà„ à€à„ CA à€à„ / CWA à€Șà€°à„à€à„à€·à€Ÿ à€à€čà€Ÿà€ à€à€Șà€šà„à€à„ à€”à€°à„à€Łà€żà€€ à€à€Ÿà€šà„à€šà„à€ à€à„ à€
à€§à„à€Żà€Żà€š à€à„ à€Șà€čà€Čà„ à€žà€à€¶à„à€§à€š à€à„ à€Čà€żà€ à€
à€à„à€à„ à€źà€Šà€Š à€à„:</p> <p align="justify"><a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-1-final.pdf"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="Book 1" border="0" alt="Book 1" src="http://lh3.ggpht.com/-JJf8spFdiCA/Tn7iS_Sh-FI/AAAAAAAAJa8/qAtemKJ8IHw/Book%2525201%25255B6%25255D.png?imgmax=800" width="542" height="442" /></a></p> <h5 align="left">Download Link for Hindi Law Book 1: <a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-1-final.pdf">http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-1-final.pdf</a></h5> <h5 align="left"><strong><a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-2-final.pdf"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="Book2" border="0" alt="Book2" src="http://lh4.ggpht.com/-6hWaV25CprA/Tn7iTyPKNDI/AAAAAAAAJbA/0eLTmfy5SJI/Book2%25255B4%25255D.png?imgmax=800" width="544" height="337" /></a></strong></h5> <h5 align="left"><strong>Download Link for Hindi Law Book 2: <a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-2-final.pdf">http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-2-final.pdf</a></strong></h5> <p align="left">à€à„à€à€° à€à€Ÿ à€à€šà€à€Š à€Čà„à€ ...</p> <h1><strong><a href="http://lh4.ggpht.com/-afRnXBMwVXc/Tn7lNrn3CaI/AAAAAAAAJbE/F2Dlb947cvE/s1600-h/CS%252520Hindi%252520Medium%25255B5%25255D.png"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="CS Hindi Medium" border="0" alt="CS Hindi Medium" src="http://lh4.ggpht.com/-J4iS_v_4q0s/Tn7lPTO0cxI/AAAAAAAAJbI/V9t_9MaO4b0/CS%252520Hindi%252520Medium_thumb%25255B3%25255D.png?imgmax=800" width="583" height="565" /></a></strong></h1> <h1><strong>Reference Materials for CS Foundation Programme (Hindi Medium)</strong></h1> <p>In the above refer Chapter No. 4 for Elements of Business Laws paper.</p> <h1><strong>Reference Materials for CS Executive Programme (Hindi Medium)</strong></h1> <p><u>Module 1:</u> <strong>General & Commercial Law (GCL):</strong> Chapter Nos. 1, 2, 3, 4, 6, 8, 11, 18.</p> <p><u>Module 2:</u> <strong>Company Law: </strong>Chapter No. 13.</p> <p><strong>Economic & Labour Laws: </strong>Chapter Nos.  14 & 17.</p> <h1><strong>Reference Materials for CS Professional Programme (Hindi Medium)</strong></h1> <p><u>Module 1:</u> <strong>Company Secretarial Practice (CSP):</strong> Chapter No. 13. </p> <p><strong>Drafting, Appearances & Pleadings (DAP):</strong>  Chapter Nos. 1,2,3,7.</p> <p><em>The materials are shared only for the purpose of study and not for any other purpose.</em></p> <p><strong>For English Medium: <a href="http://yehseeyes.blogspot.com/2011/09/download-cs-reference-book-for.html">http://yehseeyes.blogspot.com/2011/09/download-cs-reference-book-for.html</a></strong></p> <h5>THOSE WHO ARE UNABLE TO DOWNLOAD FROM ABOVE, CAN READ PART I & II FROM BELOW:</h5> <p><a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View Hindi Book Law Final on Scribd" href="http://www.scribd.com/doc/66244382/Hindi-Book-Law-Final">Hindi Book Law Final</a><iframe id="doc_53227" class="scribd_iframe_embed" height="600" src="http://www.scribd.com/embeds/66244382/content?start_page=1&view_mode=list&access_key=key-gg1ntevtgvhohb22uq6" frameborder="0" width="100%" scrolling="no" data-auto-height="true" data-aspect-ratio="data-aspect-ratio"></iframe></p> <p><a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View Hindi Book Law Final2 on Scribd" href="http://www.scribd.com/doc/66244386/Hindi-Book-Law-Final2">Hindi Book Law Final2</a><iframe id="doc_71568" class="scribd_iframe_embed" height="600" src="http://www.scribd.com/embeds/66244386/content?start_page=1&view_mode=list&access_key=key-5qnvo4aju5r7wp59rqe" frameborder="0" width="100%" scrolling="no" data-auto-height="true" data-aspect-ratio="0.772727272727273"></iframe><script type="text/javascript">(function() { var scribd = document.createElement("script"); scribd.type = "text/javascript"; scribd.async = true; scribd.src = "http://www.scribd.com/javascripts/embed_code/inject.js"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(scribd, s); })();</script></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com18tag:blogger.com,1999:blog-9191919080550540685.post-66297492400664705852011-09-20T14:08:00.001+05:302011-09-25T17:49:19.179+05:30Download CS Reference Book for Foundation,Executive & Professional Program exams: Company Secretary Revision Materials<p align="justify">As you are aware the Bar Council has an examination called All India Bar Exams (AIBE) for qualified lawyers who are interested in practising law in Courts across India.  For that purpose, the Bar Council with Rainmaker has created wonderful preparatory materials.  The content are ample enough to cover important provisions.  It is the best reference material for Drafting paper in CS Professional Program and General Law in CS Executive Program, just read to get maximum marks in exams.  It will of good help for Revision too before CS exams or any CA/CWA exams where you study the following laws:</p> <p align="justify"><a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP1.pdf"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="Crisp Law for Exams - 1" border="0" alt="Crisp Law for Exams - 1" src="http://lh6.ggpht.com/-tsyumKSFCFY/TnhQ7NvtoBI/AAAAAAAAJa0/XfmJubVmrBk/Crisp%252520Law%252520for%252520Exams%252520-%2525201%25255B5%25255D.png?imgmax=800" width="493" height="447" /></a></p> <h5 align="left">Download Link for Book 1: <a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP1.pdf">http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP1.pdf</a></h5> <p align="justify"><a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP2.pdf"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="Crisp Law for Exams - 2" border="0" alt="Crisp Law for Exams - 2" src="http://lh5.ggpht.com/-NxNq4R0PSLk/TnhQ8KCsemI/AAAAAAAAJa4/5kTpsBLODkA/Crisp%252520Law%252520for%252520Exams%252520-%2525202%25255B6%25255D.png?imgmax=800" width="495" height="381" /></a></p> <h5 align="left"><strong>Download Link for Book 2: </strong><a href="http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP2.pdf"><strong>http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP2.pdf</strong></a></h5> <h1><strong>Reference Materials for CS Foundation Programme</strong></h1> <p>In the above refer Chapter No. 4 for Elements of Business Laws paper.</p> <h1><strong>Reference Materials for CS Executive Programme</strong></h1> <p><u>Module 1:</u> <strong>General & Commercial Law (GCL):</strong> Chapter Nos. 1, 2, 3, 4, 6, 8, 11, 18.</p> <p><u>Module 2:</u> <strong>Company Law: </strong>Chapter No. 13.</p> <p><strong>Economic & Labour Laws: </strong>Chapter Nos.  14 & 17.</p> <h1><strong>Reference Materials for CS Professional Programme</strong></h1> <p><u>Module 1:</u> <strong>Company Secretarial Practice (CSP):</strong> Chapter No. 13. </p> <p><strong>Drafting, Appearances & Pleadings (DAP):</strong>  Chapter Nos. 1,2,3,7.</p> <p><em>The materials are shared only for the purpose of study and not for any other purpose.</em></p> <h5>For Executive Program: <a href="http://yehseeyes.blogspot.com/2007/10/cs-inter-reference-materials.html">http://yehseeyes.blogspot.com/2007/10/cs-inter-reference-materials.html</a></h5> <h5>For Professional Program: <a href="http://yehseeyes.blogspot.com/2010/01/books-for-cs-professional-program-on.html">http://yehseeyes.blogspot.com/2010/01/books-for-cs-professional-program-on.html</a></h5> <p><strong>For Hindi Medium: <a href="http://yehseeyes.blogspot.com/2011/09/company-secretary-hindi-medium-books-on.html">http://yehseeyes.blogspot.com/2011/09/company-secretary-hindi-medium-books-on.html</a></strong></p> <h5>THOSE WHO ARE UNABLE TO DOWNLOAD FROM ABOVE, CAN READ PART I & II FROM BELOW:</h5> <p><a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View AIBEP1 on Scribd" href="http://www.scribd.com/doc/65898991/AIBEP1">AIBEP1</a><iframe id="doc_59201" class="scribd_iframe_embed" height="600" src="http://www.scribd.com/embeds/65898991/content?start_page=1&view_mode=list&access_key=key-1lwxmhwftr8frf53t03o" frameborder="0" width="100%" scrolling="no" data-auto-height="true" data-aspect-ratio="data-aspect-ratio"></iframe></p> <p><a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View AIBEP2 on Scribd" href="http://www.scribd.com/doc/65898985/AIBEP2">AIBEP2</a><iframe id="doc_52950" class="scribd_iframe_embed" height="600" src="http://www.scribd.com/embeds/65898985/content?start_page=1&view_mode=list&access_key=key-g06fhsq6vkb7cgw5vf9" frameborder="0" width="100%" scrolling="no" data-auto-height="true" data-aspect-ratio="data-aspect-ratio"></iframe></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com32tag:blogger.com,1999:blog-9191919080550540685.post-36245872500206247262011-08-25T14:33:00.000+05:302011-08-25T15:58:37.529+05:30CS Results & how when to register for next level after passing Company Secretary Foundation Executive Professional Programme June 2011 examsâTo do checklist<span style="line-height: 18px; widows: 2; text-transform: none; text-indent: 0px; font-family: ; white-space: normal; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff"><font style="font-size: 10.5pt">The results of the CS Foundation Programme, Intermediate/Executive Programme and Professional Programme examinations of the Company Secretaries held in June, 2011 are scheduled to be declared<span class="Apple-converted-space"> </span><strong>at 11.00 Noon on 25<sup>th</sup></strong><b><span class="Apple-converted-space"> </span></b></font><strong><font style="font-size: 10.5pt">August, 2011 and it released on time.</font></strong></font></font></p> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Result is available on the following servers.</font></font></p> <ol style="padding-bottom: 0px; list-style-type: decimal; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"><a href="http://www.icsi.edu/">www.icsi.edu</a></font></strong></font></font> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"><a href="http://www.icsi.in/">www.icsi.in</a></font></strong></font></font> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"><a href="http://icsi.examresults.net">http://icsi.examresults.net</a></font></strong></font></font> </li> </ol> <p><b><u>CS Exam Result - June 2011 Session</u></b></p> <p><img src="http://www.icsi.edu/anibul18.gif" /><a href="http://icsi.examresults.net/index-results.htm">Server 1 for Result and E-Marks Sheet for Foundation Programme and Executive Programme</a></p> <p><img src="http://www.icsi.edu/anibul18.gif" /><a href="http://server2.examresults.net/index-results.htm">Server 2 for Result and E-Marks Sheet for Foundation Programme and Executive Programme</a></p> <p><img src="http://www.icsi.edu/anibul18.gif" /><a href="http://server3.examresults.net/index-results.htm">Server 3 for Result and E-Marks Sheet for Foundation Programme and Executive Programme</a></p> <p><img src="http://www.icsi.edu/anibul18.gif" /><a href="http://www.icsi.in/">Server 4 for Result</a></p> <p><img src="http://www.icsi.edu/anibul18.gif" /><a href="http://124.247.195.28/default_resultJune2k011_Jun.htm">Server 5 for Result</a></p> <p align="center"><a href="http://www.icsi.edu/ResultJ2011/top.htm"><strong>List Of Toppers</strong></a></p> <p><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">HEARTIEST WISHES FOR EVERY ONE WHO HAS WON & IN THE PROCESS OF WINNING COMPANY SECRETARY EXAMS</font></font></p> <p><font face="Helvetica"></font></p> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt"><strong>When candidates who cleared this level can go to the next level of CS Exams? </strong>Candidates registered upto and including the month of August in a year are eligible for appearing in both the groups of the Executive Programme or all 4 modules of Professional Programme examination held in June of next year. So, its mandatory for you to submit prescribed forms before 1st September 2011 to appear for all modules in June 2012.  You shall also complete Student Induction Programme (SIP), Executive Development Programme (EDP)  and Professional Development Programme (PDP).  Details in </font></font><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> <h3 style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><font style="background-color: #ffffff; text-decoration: none"><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html" target="_blank">Preserve your Mark sheets as NO more CS Pass Certificates for Foundation & Executive will be issued by ICSI on passing Company Secretary Exams but for Professional Program</a></font></font></font></h3> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><ins><ins><font style="background-color: #ffffff"></font></ins></ins></p> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><strong><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Before visiting the nearest ICSI office, make sure you are ready with following things:</font></font></strong></p> <h3 style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">For Foundation passed:</font></font></h3> <ol style="padding-bottom: 0px; list-style-type: decimal; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Click here to register online for CS Executive Program Application -<a href="http://www.icsi.in/">http://www.icsi.in</a></font></font><font style="font-size: 10.5pt"><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font><font face="Helvetica"><span class="Apple-converted-space"> </span>and arrange for fees as per<span class="Apple-converted-space"> <a href="http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166">http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166</a></span></font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Get to know your subjects and classes schedules at<span class="Apple-converted-space"> <a href="http://csclasses.learnlabz.com/">http://csclasses.learnlabz.com</a></span></font></font></font><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Register for Computer Training with Aptech or produce your Certificates to write Exemption exam:<a href="http://www.icsi.aptechtrainingsolutions.com/">www.icsi.aptechtrainingsolutions.com</a></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Enroll for Student Induction Programme (SIP), a 7 full day program with ICSI which shall be completed within 6 months.  Details in </font></font><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Collect & preserve your Marksheets as per<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a></span></font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Get your Bcom degree too<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a></span></font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Get your scholarship based on your school marks from<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a></span></font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Start writing CC papers for eligibility<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html">Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks</a></span></font></font><font style="font-size: 10.5pt"><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font></font><font face="Helvetica"><font style="font-size: 10.5pt"><span class="Apple-converted-space"> </span>and submit on or before August 2011.</font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Enjoy reading CS Executive Programme books Only This Much for Company, Economic, Labour & Securities Law from<span class="Apple-converted-space"> <a href="http://csbooks.learnlabz.com/">http://csbooks.learnlabz.com</a></span></font></font></font></p> </li> </ol> <h3 style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">For Executive passed:</font></font></h3> <ol style="padding-bottom: 0px; list-style-type: decimal; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Click here to register online for CS Executive Program Application -</font></font><font style="font-size: 10.5pt"><a href="http://www.icsi.in/">http://www.icsi.in</a><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font><font face="Helvetica"><span class="Apple-converted-space"> </span>OR Click here to download & fill CS Professional Program Application -<a href="http://www.icsi.edu/webmodules/student/final.doc">http://www.icsi.edu/webmodules/student/final.doc</a></font><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font><font face="Helvetica"><span class="Apple-converted-space"> </span>and arrange for fees as per Apply for Executive Development Program (EDP) and find details from nearest ICSI -</font><a href="http://www.icsi.edu/webmodules/student/TopForm.doc">http://www.icsi.edu/webmodules/student/TopForm.doc</a><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font><font face="Helvetica"><span class="Apple-converted-space"> </span>(its a mandatory pre-requisite to commence CS Training). EDP is a 8 full day program offered at ICSI and your training will commence only on completion of this program. Details in </font></font></font><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff; text-decoration: none" color="#000099"><strong></strong></font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Collect & preserve your Marksheets as per<span class="Apple-converted-space"> </span></font></font></font><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Then, start sending emails & applications of RESUME for CS Training to</font></font></p> <ol style="padding-bottom: 0px; list-style-type: decimal; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"><a href="http://www.icsi.edu:8888/Pcsareg/list15.aspx">List of Company Secretaries in Practice Registered for Imparting Training</a></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"><a href="http://www.icsi.edu/WebModules/icsiweb/works/training/listcompanies.asp">Registered Companies for Training</a></font></strong></font></font></p> </li> </ol> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">For 15-month CS Training related information, you can visit </font></font><a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html">http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Start looking out for<span class="Apple-converted-space"> <a href="http://www.icsi.edu/webmodules/student/ADPForm.doc">Professional Development Programs (PDP)</a></span></font></font><font style="font-size: 10.5pt"><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font><font face="Helvetica"><span class="Apple-converted-space"> </span>as its mandatory to attend for 25 hours or you have the option to<span class="Apple-converted-space"> </span></font><a href="http://www.icsi.edu/WebModules/LinksOfWeeks/37TH%20NATIONAL%20CONVENTION%20OF%20COMPANY%20SECRETARIES.pdf">register for National Convention of ICSI</a><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font></font><font face="Helvetica"><font style="font-size: 10.5pt">.</font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Get your Mcom degree too<span class="Apple-converted-space"> <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a></span></font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Get your scholarship based on your school marks from<span class="Apple-converted-space"> </span></font></font></font><a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Get to know your subjects and classes schedules at<span class="Apple-converted-space"> </span></font></font></font><a href="http://csclasses.learnlabz.com/">http://csclasses.learnlabz.com</a></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Start writing CC papers for eligibility<span class="Apple-converted-space"> </span></font></font><font style="font-size: 10.5pt"><a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html">Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks</a><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font></font><font face="Helvetica"><font style="font-size: 10.5pt"><span class="Apple-converted-space"> </span>and submit on or before 1st September 2011.</font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff">Enjoy reading CS Professional books for all law subjects @<span class="Apple-converted-space"> </span></font></font></font><a href="http://csbooks.learnlabz.com/">http://csbooks.learnlabz.com</a></p> </li> </ol> <h3 style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">For Professional passed:</font></font></h3> <ol style="padding-bottom: 0px; list-style-type: decimal; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Collect & preserve your Marksheets & Pass certificates as per </font></font><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Pending Training you are eligible for Licentiate Membership of ICSI -</font></font><font style="font-size: 10.5pt"><a href="http://www.icsi.edu/webmodules/student/Licentiate.doc">http://www.icsi.edu/webmodules/student/Licentiate.doc</a><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font></font><font face="Helvetica"><font style="font-size: 10.5pt"><span class="Apple-converted-space"> </span>and you will get Chartered Secretary (Members magazine) free of cost.</font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Complete your CS Training or Claim exemption from it following </font></font><a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html">http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html</a><font face="Helvetica"><font style="font-size: 10.5pt" color="#000099"><strong><font style="background-color: #ffffff; text-decoration: none"></font></strong></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Complete RoC Training or Stock Exchange training, if applicable. Send e-mail to<span class="Apple-converted-space"> </span></font></font><font style="font-size: 10.5pt"><a href="mailto:training2@icsi.edu"><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica">training2@icsi.edu</font></strong></font></a></font><font face="Helvetica"><font style="font-size: 10.5pt"><span class="Apple-converted-space"> </span>to get the sponsorship letter.</font></font></font></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Complete 25 hours PDP's, 15 full days MSOPâs, etc⊠in </font></font><a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></p> </li> <li style="padding-bottom: 0px; margin: 0px 0px 7px 33px; padding-left: 0px; padding-right: 0px; padding-top: 0px"> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff; font-size: 10.5pt">Then, apply for the esteemed membership of ICSI following, </font></font><a href="http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html">http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html</a></p> </li> </ol> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font face="Helvetica"><font style="background-color: #ffffff"><strong><font style="font-size: 10.5pt">Are you not satisfied with your CS results?</font></strong><font style="font-size: 10.5pt"><span class="Apple-converted-space"> </span>then apply for Verification of marks (casually called revaluation or re-counting) within 30 days from today (ie) within 30 days from declaration of CS results.  For more details, visit<span class="Apple-converted-space"> </span></font></font></font><a href="http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html">http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html</a></p> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"> </p> <p style="padding-bottom: 0px; margin: 0px 0px 14px; padding-left: 0px; padding-right: 0px; padding-top: 0px" align="justify"><font style="background-color: #ffffff"><font face="Helvetica"><font style="font-size: 10.5pt">Enjoy passin... Of course, you can keep track of all updates, happenings and all about Company Secretaries by following<span class="Apple-converted-space"> </span></font></font><font style="font-size: 10.5pt"><a href="http://yehseeyes.blogspot.com/">http://yehseeyes.blogspot.com/</a><font color="#000099"><strong><font style="text-decoration: none" face="Helvetica"></font></strong></font> <font face="Helvetica">and<span class="Apple-converted-space"> </span></font></font></font><a href="http://feedburner.google.com/fb/a/mailverify?uri=yehseeyes">Get See Yes -> Yes, ACS delivered by email</a><font face="Helvetica"><font style="font-size: 10.5pt"><font style="background-color: #ffffff; text-decoration: none" color="#000099"><strong></strong></font></font></font></p> </span> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com22tag:blogger.com,1999:blog-9191919080550540685.post-21387511967383830052011-06-13T17:13:00.001+05:302011-06-13T17:14:07.406+05:30Company Secretary June 2011 exam question paper for CS (ACS) Professional Programme<p align="justify">In the series of <a href="http://yehseeyes.blogspot.com/2011/06/company-secretary-june-2011-exam.html" target="_blank">Question papers for CS Executive Programme</a> and a <a href="http://yehseeyes.blogspot.com/2011/06/solved-company-secretary-executive.html" target="_blank">video of solved Tax papers for Executive & Professional Programme</a>, here comes June 2011 CS Professional Program question papers.  CS Final.</p> <p><strong><u>Module 1:</u></strong></p> <p>COMPANY SECRETARIAL PRATICE.pdf </p> <p><a href="https://viewer.zoho.com/docs/zYbbaL">https://viewer.zoho.com/docs/zYbbaL</a></p> <p>DRAFTING APPEARANCES AND PLEADINGS.pdf </p> <p><a href="https://viewer.zoho.com/docs/yZeec">https://viewer.zoho.com/docs/yZeec</a> </p> <p><strong><u>Module 2:</u></strong></p> <p>Corporate Restructuring and insolvency.pdf </p> <p><a href="https://viewer.zoho.com/docs/rYd5di">https://viewer.zoho.com/docs/rYd5di</a> </p> <p>Financial,Treasury and Forex Management.pdf </p> <p><a href="https://viewer.zoho.com/docs/zZyHh">https://viewer.zoho.com/docs/zZyHh</a> </p> <p><strong><u>Module 3:</u></strong></p> <p>ADVANCE TAX LAW AND PRATICCE.pdf </p> <p><a href="https://viewer.zoho.com/docs/kY6lg">https://viewer.zoho.com/docs/kY6lg</a> </p> <p>Alliances,international Trade and Strategic management.pdf </p> <p><a href="https://viewer.zoho.com/docs/qYabaP">https://viewer.zoho.com/docs/qYabaP</a> </p> <p><strong><u>Module 4:</u></strong></p> <p>CORPORATE GOVERNANCE BUSINESS ETHICS AND SUSTAINABILITY.pdf</p> <p><a href="https://viewer.zoho.com/docs/mYc86">https://viewer.zoho.com/docs/mYc86</a> </p> <p>DUE DILIGENCE AND CORPORATE COMPLIANCE MANAGEMENT.pdf</p> <p><a href="https://viewer.zoho.com/docs/hZnSg">https://viewer.zoho.com/docs/hZnSg</a></p> <p> </p> <p align="justify">For all Old Question papers of ACS exams, visit <a href="http://yehseeyes.blogspot.com/2007/11/icsi-question-papers.html">http://yehseeyes.blogspot.com/2007/11/icsi-question-papers.html</a></p> <p align="justify">Enjoy solving.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com38tag:blogger.com,1999:blog-9191919080550540685.post-25901221760055835592011-06-12T09:08:00.003+05:302011-06-13T17:20:50.403+05:30Solved Company Secretary Executive & Professional Program June 2011 Tax papers - credits: CS KK AgarwalGreat efforts by Mr. CS KK Agarwal and my humble pranams for making learning a very interesting experience by resolving students expectations in a more quicker & responsible manner to understand the nuances of the subject with a panache!!!<div><br /></div><div>See it, to believe it...</div><div><b>Solved Tax law for CS Executive Programme (June 2011)</b><br /><iframe width="425" height="349" src="http://www.youtube.com/embed/PRgZKst1E3U" frameborder="0" allowfullscreen=""></iframe><br /></div><div><b><br /></b></div><div><b><br /></b></div><div><b>Solved Direct & International Taxes for CS Professional Programme (June 2011)</b></div><br /><iframe width="425" height="349" src="http://www.youtube.com/embed/b4fJ67QWOrQ" frameborder="0" allowfullscreen=""></iframe><br /><div><br /></div><div>Click here for Question papers: <a href="http://yehseeyes.blogspot.com/2011/06/company-secretary-june-2011-exam.html">http://yehseeyes.blogspot.com/2011/06/company-secretary-june-2011-exam.html</a> & <a href="http://yehseeyes.blogspot.com/2011/06/company-secretary-june-2011-exam_13.html">http://yehseeyes.blogspot.com/2011/06/company-secretary-june-2011-exam_13.html</a> </div><div><br /></div><div>Enjoyed understanding...</div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com17tag:blogger.com,1999:blog-9191919080550540685.post-19235238366090147372011-06-11T21:38:00.002+05:302011-06-13T17:22:51.401+05:30Company secretary June 2011 exam question paper for CS (ACS) Executive ProgrammeGlance through Company Secretary June 2011 exam questions papers now.<div><br /></div><div><span class="Apple-style-span" style="font-family: Verdana, Arial, sans-serif; font-size: 12px; "><div class="ui-dialog-content-space ui-dialog-urllist" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 10px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; font-size: 11px; "> <div><span class="ui-dialog-boldcontent" style="font-weight: bold; ">General &commercial law.pdf</span></div><div><span class="ui-dialog-boldcontent" style="font-weight: bold; "><span class="Apple-style-span" style="font-weight: normal; "><a href="https://viewer.zoho.com/docs/mcDdbS">https://viewer.zoho.com/docs/mcDdbS</a></span></span></div> <div><span class="ui-dialog-boldcontent" style="font-weight: bold; "><br /></span></div><div><span class="ui-dialog-boldcontent" style="font-weight: bold; "><span class="Apple-style-span" style="font-weight: normal; "><a href="https://viewer.zoho.com/docs/mcDdbS"></a></span>Company cost &management Accounts.pdf</span></div> <div class="ui-dialog-content-space" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 0px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; "><span><a href="https://viewer.zoho.com/docs/ecBxdj">https://viewer.zoho.com/docs/ecBxdj</a></span></div> </div><div class="ui-dialog-content-space ui-dialog-urllist" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 10px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; font-size: 11px; "> <div><span class="ui-dialog-boldcontent" style="font-weight: bold; ">Tax laws.pdf</span></div><div><span class="ui-dialog-boldcontent" style="font-weight: bold; "><span class="Apple-style-span" style="font-weight: normal; "><a href="https://viewer.zoho.com/docs/gcFacdh">https://viewer.zoho.com/docs/gcFacdh</a></span></span></div> <div><span class="ui-dialog-boldcontent" style="font-weight: bold; "><br /></span></div><div><span class="ui-dialog-boldcontent" style="font-weight: bold; "><span class="Apple-style-span" style="font-weight: normal; "><a href="https://viewer.zoho.com/docs/gcFacdh"></a></span>Company law.pdf</span></div> <div class="ui-dialog-content-space" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 0px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; "><span><a href="https://viewer.zoho.com/docs/ecCri">https://viewer.zoho.com/docs/ecCri</a></span></div> </div><div class="ui-dialog-content-space ui-dialog-urllist" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 10px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; font-size: 11px; "> <div><span class="ui-dialog-boldcontent" style="font-weight: bold; ">Economic &labour Laws.pdf</span></div><div class="ui-dialog-content-space" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 0px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; "> <span><a href="https://viewer.zoho.com/docs/bcDqm">https://viewer.zoho.com/docs/bcDqm</a></span></div></div><div class="ui-dialog-content-space ui-dialog-urllist" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 10px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; font-size: 11px; "> <div><span class="Apple-style-span" style="font-weight: bold; ">Securities Law& Compliance.pdf</span></div></div><div class="ui-dialog-content-space ui-dialog-urllist" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 10px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; font-size: 11px; "> <div class="ui-dialog-content-space" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 0px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; "><span><a href="https://viewer.zoho.com/docs/ycEadG">https://viewer.zoho.com/docs/ycEadG</a></span></div> </div><div class="ui-dialog-content-space ui-dialog-urllist" style="padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 10px; margin-top: 2px; margin-right: 0px; margin-bottom: 2px; margin-left: 0px; font-size: 11px; "> <div><b><br /></b></div></div></span> <div>This is in the series of <a href="http://yehseeyes.blogspot.com/2011/06/company-secretary-june-2011-exam_13.html">Question papers for CS Professional Programme</a> and a <a href="http://yehseeyes.blogspot.com/2011/06/solved-company-secretary-executive.html" target="_blank">video of solved Tax papers for Executive & Professional Programme</a>.</div><div><br /></div><div>For all Old Question papers of ACS exams, visit <a href="http://yehseeyes.blogspot.com/2007/11/icsi-question-papers.html">http://yehseeyes.blogspot.com/2007/11/icsi-question-papers.html</a></div><div><br /></div><div>Enjoy solving.</div></div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com20tag:blogger.com,1999:blog-9191919080550540685.post-20442076803240914632011-03-16T13:21:00.011+05:302011-03-16T14:33:39.093+05:30RBI's Annual Return extends beyond FDI & ODI to Foreign Assets & Liabilities, capturing reverse investments & info based on OFBV valuation<div><div><span class="Apple-style-span"><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px;"><p class="MsoNormal" align="center" style="text-align:center"><b style="mso-bidi-font-weight: normal">New Annual Return on Foreign Assets & Liabilities<o:p></o:p></b></p> <p class="MsoNormal" align="center" style="text-align:center">To be filed with RBI on or before 15<sup>th</sup> July every year</p> <p class="MsoNormal" align="center" style="text-align:center">Replacing the erstwhile requirement of filing Part B of FC-GPR</p> <p class="MsoNormal" style="text-align:justify">RBI has replaced <b><a href="http://yehseeyes.blogspot.com/2010/08/issue-or-transfer-of-shares-under-fema.html#axzz1GkbRP8Ga">Part B of the Form FC-GPR </a></b>by a separate âAnnual Return on Foreign Liabilities and Assetsâ given as <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/FLAS150311F_A1.pdf" target="_blank">Annex-I</a>. The return should be submitted by <b style="mso-bidi-font-weight:normal">July 15 of every year </b>to the Director, Balance of Payment Statistics Division, Department of Statistics and Information Management (DSIM), Reserve Bank of India, C-9, 8th floor, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. Further, the return should be submitted by <b style="mso-bidi-font-weight:normal">all the Indian companies which have received FDI and/or made ODI </b>abroad (i.e. overseas investment) in the previous year(s) including the current year. The <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/FLAS150311F_A2.pdf" target="_blank">Annex âII</a> gives the concepts and definitions useful in filling the Annual Return on Foreign Liabilities and Assets. Remember, <a href="http://yehseeyes.blogspot.com/2010/08/issue-or-transfer-of-shares-under-fema.html#axzz1GkbRP8Ga">Part -A of FC-GPR</a> remains as such.</p> <p class="MsoNormal" style="text-align:justify"><b style="mso-bidi-font-weight: normal">Circular: </b><strong><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Arial;color:black"><a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/FLAS150311F_A1.pdf"><span style="font-weight:normal">A.P. (DIR Series) Circular No. 45 dated 15</span><sup><span style="font-weight:normal">th</span></sup><span style="font-weight:normal"> March 2011 and is applicable with immediate effect from July 2011 onwards.</span></a> & <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/FLAS150311F_A2.pdf"><span style="font-weight:normal">Definitions</span></a>.<o:p></o:p></span></strong></p> <p class="MsoNormal" style="text-align:justify"><strong><span style="font-family: "Calibri","sans-serif";mso-ascii-theme-font:minor-latin;mso-hansi-theme-font: minor-latin;mso-bidi-font-family:Arial;color:black;font-weight:normal; mso-bidi-font-weight:bold">This requirement is to enable International Monetary Fund (IMF) for the purpose of compiling information to be </span></strong>used in the compilation of Indiaâs Balance of Payments (BoP), International Investment Position (IIP), Coordinated Direct Investment and Coordinated Portfolio Investment.<span style="mso-spacerun:yes"> </span>Hence, the formats are ensured to collect such COMPREHENSIVE & DETAILED information with proper definitions for various aspects.<span style="mso-spacerun:yes"> </span>Interestingly, apart from the Audited Financials which needs to be annexed to the Annual Return, there is only a certification by Authorised official of the company.</p><p class="MsoNormal" style="text-align:justify"><br /></p> <p class="MsoNormal" style="text-align:justify">It has the following sections:</p> <p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in; mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin"><span style="mso-list:Ignore">1.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Section I: Identification Particulars</p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 1A : Total Paid up Capital of Indian Company</p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 1B : Free Reserves & Surplus and Retained Profit</p> <p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-.25in; mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin"><span style="mso-list:Ignore">2.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Section II: FOREIGN LIABILITIES</p> <p class="MsoNormal" style="text-align:justify">Investments made under Foreign Direct Investment (FDI) scheme in India:<span style="mso-spacerun:yes"> </span></p> <p class="MsoListParagraphCxSpFirst" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 2A:<span style="mso-spacerun:yes"> </span>Foreign Direct Investment in India (10% or more Equity Participation</p> <p class="MsoListParagraphCxSpLast" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 2B:<span style="mso-spacerun:yes"> </span>Foreign Direct Investment in India (Less than 10% Equity Holding</p> <p class="MsoNormal" style="text-align:justify">Portfolio and Other Liabilities to Non-residents (i.e. position with unrelated parties) </p> <p class="MsoListParagraphCxSpFirst" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 3A:<span style="mso-spacerun:yes"> </span>Portfolio Investment<span style="mso-spacerun:yes"> </span></p> <p class="MsoListParagraphCxSpLast" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 3C: Other Investments: (like External Commercial Borrowings)This Other investment is a residual category that includes all financial outstanding not considered as direct investment or portfolio investment (outstanding liabilities with Unrelated Parties).</p> <p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in; mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin"><span style="mso-list:Ignore">3.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Section âIII: FOREIGN ASSETS</p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 4: Direct Investment Abroad under Overseas Direct Investment Scheme </p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 4A:<span style="mso-spacerun:yes"> </span>Direct Investment Abroad (10 % or more Equity holding<span style="mso-spacerun:yes"> </span></p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Portfolio and Other Assets Abroad (i.e., position with unrelated parties) </p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 5A:<span style="mso-spacerun:yes"> </span>Portfolio Investment Abroad </p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 5B: Financial Derivatives (with non-resident entities only)</p> <p class="MsoListParagraphCxSpMiddle" style="margin-left:.75in;mso-add-space: auto;text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 5C: Other Investment (Outstanding claims on Unrelated Parties)</p> <p class="MsoListParagraphCxSpLast" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 6: Equity Capital, Free Reserves & Surplus of Direct Investment Enterprise Abroad</p> <p class="MsoNormal" style="margin-left:.5in;text-align:justify">[Please report here the total equity, the equity held by your company and the total free reserves & surplus of those nonresident enterprises in each of which your company held 10 per cent or more shares on the reporting date].</p> <p class="MsoListParagraphCxSpFirst" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 7: Contingent Foreign Liabilities</p> <p class="MsoListParagraphCxSpLast" style="margin-left:.75in;mso-add-space:auto; text-align:justify;text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]--><span style="font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family: Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]-->Block 8: Employee Information of reporting Indian company</p> <p class="MsoNormal" style="text-align:justify"><o:p> </o:p></p> <p class="MsoNormal" align="center" style="text-align:center"><b style="mso-bidi-font-weight: normal">NEW CONCEPTS<o:p></o:p></b></p> <p class="MsoNormal" style="text-align:justify"><b style="mso-bidi-font-weight: normal">Reverse Investment </b>is defined and needs to be reported.<span style="mso-spacerun:yes"> </span>It is when where the recipient of investment (being an Indian company) also holds LESS THAN 10% shares in the investor (in case of FDI into India).<span style="mso-spacerun:yes"> </span>Same way, <b style="mso-bidi-font-weight:normal">in case of ODI from India,</b> the reverse investment is when the recipient of investment (being a foreign company) also holds LESS THAN 10% shares in the investor (being an Indian company).</p> <p class="MsoNormal" style="text-align:justify"><b style="mso-bidi-font-weight: normal">Methodology for valuation of foreign liabilities and foreign assets: <o:p></o:p></b></p> <p class="MsoNormal" style="text-align:justify">âą Debt securities should be valued at market price, while all other types of debt, viz., loan, trade credit, deposits, other accounts payable/ receivable should be valued at <b style="mso-bidi-font-weight:normal">nominal value</b>. </p> <p class="MsoNormal" style="text-align:justify">âą For the valuation of the outstanding investment, use the corresponding endMarch/ end-December <b style="mso-bidi-font-weight:normal">market price/exchange rate. <o:p></o:p></b></p> <p class="MsoNormal" style="text-align:justify">âą For listed companies, the <b style="mso-bidi-font-weight:normal"> share price</b> on the closing date of reporting period should be used for valuation of Equity. </p> <p class="MsoNormal" style="text-align:justify">âą For unlisted companies, use the concept of "Own Funds at Book Value (OFBV)" for valuation of Equity, to have consistency in valuation. OFBV reflects the value of enterprise recorded in the book of Direct Investment Enterprise.<span style="mso-spacerun:yes"> </span>To put in simple terms, OFBV is based on the books of the direct investment enterprise and can be seen on its balance sheet as shareholderâs equity. The definition of OFBV contains paid-up capital, all types of reserves and net value of non distributed profits and losses (including result for the current year).</p> <p class="MsoNormal" style="text-align:justify"><b style="mso-bidi-font-weight: normal">Example for OFBV: <o:p></o:p></b></p> <p class="MsoNormal" style="text-align:justify">Suppose company's paid up capital = Rs 250 lakh, with FDI 50 % (i.e. Rs 125 lakh) </p> <p class="MsoNormal" style="text-align:justify"> Accumulated reinvested earnings = Rs 75 lakh </p> <p class="MsoNormal" style="text-align:justify"> Revaluation of land & shares = Rs 159 lakh </p> <p class="MsoNormal" style="text-align:justify"> Total = Rs 484 lakh </p> <p class="MsoNormal" style="text-align:justify">Therefore, Equity investment by foreign direct investor based on OFBV method is Rs 242 lakhs (50 per cent of Rs.484 lakh). </p> <p class="MsoNormal" style="text-align:justify"><b style="mso-bidi-font-weight: normal">Enjoy filing <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/FLAS150311F_A1.pdf">Annual Return</a> after reading the</b><strong><span style="font-family:"Calibri","sans-serif"; mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Arial;color:black"> <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/FLAS150311F_A2.pdf"><span style="font-weight:normal">Definitions</span></a>.</span></strong><b style="mso-bidi-font-weight:normal"><o:p></o:p></b></p></span></span></div></div>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-31087925696533273162011-02-28T17:13:00.001+05:302011-02-28T17:15:24.464+05:30CS/CA/CWA/Law Students - the very last day to take Round-1 of OTM Challenge<b><span lang="EN-US" style="font-size:10.0pt">OTM Challenge 2011</span></b> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"> </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">The reasoning behind this challenge is to groom and nurture Professional students of Company Secretary (CS), Chartered Accountant (CA), </span><span style="font-size:15px">Cost Accountant (CWA), </span><span style="font-size:14px"> & LL.B/B.L by recognizing their capabilities and providing a platform for knowledge sharing & enrichment.  </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"> </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">OnlyThisMuch (OTM) will provide various opportunities to the participants (selected) and the winners, which inter alia includes:</span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.0pt;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">1. Opportunity to write and contribute to OTM by co-authoring OTM books</span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.0pt;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">2. Opportunity to undergo Training (15 months training as indicated in CS course) </span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.0pt;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">3. Opportunity to become a faculty (part-time or full-time) at Learn Labz<span>                 </span></span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.0pt;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">4. WIN Cash prizes, gift vouchers & goody bags</span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"> </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><b><span lang="EN-US" style="font-size:10.0pt">Results & prize distribution will be on 1st May 2011, 6 PM onwards.</span></b><span lang="EN-US" style="font-size:10.0pt"> </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"> </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><b><u><span lang="EN-US" style="font-size:10.0pt">OTM Challenge Schedule</span></u></b><span lang="EN-US" style="font-size:10.0pt"> <b><u>Round I of OTM challenge</u></b></span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">(commences on 1<sup>st</sup> Dec 2010 and closes on 28<sup>th</sup> Feb 2011 @ 6 PM)</span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">      </span></p> <ul><li><span lang="EN-US" style="font-size:10.0pt"><span>1.<span style="'font:7.0pt">      </span></span></span><span lang="EN-US" style="font-size:10.0pt">Choose the right answer challenge</span></li><li><span lang="EN-US" style="font-size:10.0pt"><span>2.<span style="'font:7.0pt">      </span></span></span><span lang="EN-US" style="font-size:10.0pt">Vision challenge</span></li><li><span lang="EN-US" style="font-size:10.0pt"><span>3.<span style="'font:7.0pt">      </span></span></span><span lang="EN-US" style="font-size:10.0pt">Unknown Challenge!!!</span></li></ul> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><b><span lang="EN-US" style="font-size:10.0pt"> </span></b></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><b><span lang="EN-US" style="font-size:10.0pt"><a href="http://spreadsheets.google.com/a/lawlabz.com/viewform?formkey=dGNMUXhuMVdjb0RWZnhYZUtGX2daWUE6MQ" target="_blank">Click here & Take the Challenge Now</a></span></b></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"> </span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"><strong>100 winners</strong> from India will be handpicked for Round II of OTM Challenge!</span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">Results will be declared on our blog <a href="http://onlythismuch.blogspot.com/" target="_blank">http://onlythismuch.blogspot.com</a> on 15th March 2011.</span></p><p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt"><br /></span></p><p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:justify;line-height:normal"><span lang="EN-US" style="font-size:10.0pt">Keep your friends informed and Enjoy challenging...</span><span style="font-family:georgia, serif;"><i><b></b></i></span></p>See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com20tag:blogger.com,1999:blog-9191919080550540685.post-24162105703085649982011-02-25T12:14:00.000+05:302011-02-25T13:02:04.568+05:30What next after Company Secretary December 2010 exam results by sms/website, how to apply for ACS Executive/Professional Programme online, revaluation, registration for SIP, EDP, PDP, MSOP by February 2011 & compulsory switchover from Final Old syllabus<p align="justify">The results of the CS Foundation Course, Intermediate and Final (Old Syllabus) <b>and </b>Foundation Programme, Intermediate/Executive Programme, and Professional Programme (New Syllabus) examinations of the Company Secretaries held in June, 2010 are scheduled to be declared <strong>at 12.00 Noon on 25<sup>th</sup></strong><b> </b><strong>February, 2011 and it released on time.</strong></p> <p>Result is available on the following servers.</p> <ol> <li><a href="http://www.icsi.edu">www.icsi.edu</a> </li> <li><a href="http://www.icsi.in">www.icsi.in</a> </li> <li><a href="http://icsi.examresults.net">http://icsi.examresults.net</a> </li> </ol> <p><a href="http://icsi.examresults.net/"><b>1. Server 1 - Final Old / Foundation Programme / Executive Programme / Professional Programme Click here</b></a></p> <p><img src="http://www.icsi.edu/dot_2.gif" width="10" height="10" /><a href="http://www.icsi.in/default_resultDec2k010aticsi_Declatest.htm"> <b>2. Server 2 - Executive Programme / Final Old Click here</b></a></p> <p><img src="http://www.icsi.edu/dot_2.gif" width="10" height="10" /><a href="http://124.247.195.31/Result_dec10_new/default_resultDec2k010aticsi_Declatest.htm"> <b>3. Server 3 - Foundation Programme / Professional Programme Click here</b></a></p> <p><b>TAKE AWAY YOUR RESULT ON MOBILE - SMS <br />FINAL (OLD SYLLABUS) EXAMINATION DECEMBER 2010 <br />SMS - Result<space>ICSIFINAL<space>ROLL NUMBER to 56263 <br />Example: RESULT ICSIFINAL 123456 - Send it to 56263 <br />FOUNDATION PROGRAMME (NEW SYLLABUS) EXAMINATION DECEMBER 2010 <br />SMS - Result<space>ICSIFOUN<space>ROLL NUMBER to 56263 <br />EXECUTIVE PROGRAMME (NEW SYLLABUS) EXAMINATION DECEMBER 2010 <br />SMS - Result<space>ICSIEXEC<space>ROLL NUMBER to 56263 <br />PROFESSIONAL PROGRAMME (NEW SYLLABUS) EXAMINATION DECEMBER 2010 <br />SMS - Result<space>ICSIPROF<space>ROLL NUMBER to 56263</b></p> <ul> <li>HEARTIEST WISHES FOR EVERY ONE WHO HAS WON & IN THE PROCESS OF WINNING COMPANY SECRETARY EXAMS </li> </ul> <p align="justify">Candidates registered upto and including the month of Feburary in a year are eligible for appearing in both the groups of the Executive Programme or all 4 modules of Professional Programme examination held in June of next year. So, its mandatory for you to submit prescribed forms before 28th February 2011 to appear for all modules in December 2011.  You shall also complete Student Induction Programme (SIP), Executive Development Programme (EDP)  and Professional Development Programme (PDP).  Details in <a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></p> <h3 align="justify"><a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html" target="_blank">Preserve your Mark sheets as NO more CS Pass Certificates for Foundation & Executive will be issued by ICSI on passing Company Secretary Exams but for Professional Program</a></h3> <p><ins><ins></ins></ins></p> <p align="justify"><strong>Before visiting the nearest ICSI office, make sure you are ready with following things:</strong></p> <h3>For Foundation passed:</h3> <ol> <li> <p align="justify">Click here to register online for CS Executive Program Application -<a href="http://www.icsi.in">http://www.icsi.in</a> and arrange for fees as per <a href="http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166">http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166</a></p> </li> <li> <p align="justify">Get to know your subjects and classes schedules at <a href="http://csclasses.learnlabz.com">http://csclasses.learnlabz.com</a></p> </li> <li> <p align="justify">Register for Computer Training with Aptech or produce your Certificates to write Exemption exam: <a href="http://www.icsi.aptechtrainingsolutions.com">www.icsi.aptechtrainingsolutions.com</a></p> </li> <li> <p align="justify">Enroll for Student Induction Programme (SIP), a 7 full day program with ICSI which shall be completed within 6 months.  Details in <a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></p> </li> <li> <p align="justify">Collect & preserve your Marksheets as per <a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a></p> </li> <li> <p align="justify">Get your Bcom degree too <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a></p> </li> <li> <p align="justify">Get your scholarship based on your school marks from <a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a></p> </li> <li> <p align="justify">Start writing CC papers for eligibility <a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html">Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks</a> and submit on or before August 2011. </p> </li> <li> <p align="justify">Enjoy reading CS Executive Programme books Only This Much for Company, Economic, Labour & Securities Law from <a href="http://csbooks.learnlabz.com">http://csbooks.learnlabz.com</a></p> </li> </ol> <h3>For Executive passed:</h3> <ol> <li> <p align="justify">Click here to register online for CS Executive Program Application -<a href="http://www.icsi.in">http://www.icsi.in</a> OR Click here to download & fill CS Professional Program Application -<a href="http://www.icsi.edu/webmodules/student/final.doc">http://www.icsi.edu/webmodules/student/final.doc</a> and arrange for fees as per Apply for Executive Development Program (EDP) and find details from nearest ICSI -<a href="http://www.icsi.edu/webmodules/student/TopForm.doc">http://www.icsi.edu/webmodules/student/TopForm.doc</a> (its a mandatory pre-requisite to commence CS Training). EDP is a 8 full day program offered at ICSI and your training will commence only on completion of this program. Details in <a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></p> </li> <li> <p align="justify">Collect & preserve your Marksheets as per <a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a></p> </li> <li> <p align="justify">Then, start sending emails & applications of RESUME for CS Training to </p> <ol> <li> <p align="justify"><a href="http://www.icsi.edu:8888/Pcsareg/list15.aspx">List of Company Secretaries in Practice Registered for Imparting Training</a></p> </li> <li> <p align="justify"><a href="http://www.icsi.edu/WebModules/icsiweb/works/training/listcompanies.asp">Registered Companies for Training</a></p> </li> </ol> </li> <li> <p align="justify">For 15-month CS Training related information, you can visit <a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html">http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html</a></p> </li> <li> <p align="justify">Start looking out for <a href="http://www.icsi.edu/webmodules/student/ADPForm.doc">Professional Development Programs (PDP)</a> as its mandatory to attend for 25 hours or you have the option to <a href="http://www.icsi.edu/WebModules/LinksOfWeeks/37TH%20NATIONAL%20CONVENTION%20OF%20COMPANY%20SECRETARIES.pdf">register for National Convention of ICSI</a>. </p> </li> <li> <p align="justify">Get your Mcom degree too <a href="http://yehseeyes.blogspot.com/2009/06/bcom-cs-executive-mcom-cs-professional.html">BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries</a></p> </li> <li> <p align="justify">Get your scholarship based on your school marks from <a href="http://yehseeyes.blogspot.com/2009/05/10-standard-marks-for-company-secretary.html">10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%</a></p> </li> <li> <p align="justify">Get to know your subjects and classes schedules at <a href="http://csclasses.learnlabz.com">http://csclasses.learnlabz.com</a></p> </li> <li> <p align="justify">Start writing CC papers for eligibility <a href="http://yehseeyes.blogspot.com/2009/07/just-write-1-cc-paper-for-cs.html">Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks</a> and submit on or before February 2011. </p> </li> <li> <p align="justify">Enjoy reading CS Professional books for all law subjects @ <a href="http://csbooks.learnlabz.com">http://csbooks.learnlabz.com</a></p> </li> </ol> <h3>For Professional passed:</h3> <ol> <li> <p align="justify">Collect & preserve your Marksheets & Pass certificates as per <a href="http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html">http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html</a></p> </li> <li> <p align="justify">Pending Training you are eligible for Licentiate Membership of ICSI -<a href="http://www.icsi.edu/webmodules/student/Licentiate.doc">http://www.icsi.edu/webmodules/student/Licentiate.doc</a> and you will get Chartered Secretary (Members magazine) free of cost. </p> </li> <li> <p align="justify">Complete your CS Training or Claim exemption from it following <a href="http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html">http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html</a></p> </li> <li> <p align="justify">Complete RoC Training or Stock Exchange training, if applicable. Send e-mail to <a href="mailto:training2@icsi.edu">training2@icsi.edu</a> to get the sponsorship letter. </p> </li> <li> <p align="justify">Complete 25 hours PDP's, 15 full days MSOPâs, etc⊠in <a href="http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html">http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html</a></p> </li> <li> <p align="justify">Then, apply for the esteemed membership of ICSI following, <a href="http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html">http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html</a></p> </li> </ol> <p align="justify"><strong>Are you not satisfied with your CS results?</strong> then apply for Verification of marks (casually called revaluation or re-counting) within 30 days from today (ie) within 30 days from declaration of CS results.  For more details, visit <a href="http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html">http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html</a></p> <p align="justify"><strong>Those who not able to clear CS Final in Old Syllabus. </strong>If you have not cleared CS Final in this attempt, then you have to mandatorily switch over to the <a href="http://yehseeyes.blogspot.com/2008/02/cs-latest-syllabus.html#axzz1ErZLKvmI" target="_blank">New Syllabus</a> for your next attempt and details of exemptions you will get can be found from <a title="http://thisisvj.googlepages.com/CSSyllabus.pdf" href="http://thisisvj.googlepages.com/CSSyllabus.pdf">http://thisisvj.googlepages.com/CSSyllabus.pdf</a>.  More details as below.</p> <p align="justify">Enjoy passin... Of course, you can keep track of all updates, happenings and all about Company Secretaries by following <a href="http://yehseeyes.blogspot.com/">http://yehseeyes.blogspot.com/</a>and <a href="http://feedburner.google.com/fb/a/mailverify?uri=yehseeyes">Get See Yes -> Yes, ACS delivered by email</a></p> <h3><a href="http://onlythismuch.blogspot.com" target="_blank">Take OTM Challenge â All India Competition from OTM 2011</a></h3> <p align="justify"><b>All students who are pursuing CS Final are hereby informed that from next examination onwards ( i.e. June 2011 session onwards ) instituteâs examination will be conducted under new syllabus only. </b></p> <p align="justify"><b></b></p> <p align="justify"><b>As such all concerned students may note that w.e.f. 26<sup>th</sup> February 2011 all students who are presently in Final ( old syllabus ) will be compulsorily switched-over to Professional Program ( i.e. under new syllabus ). </b></p> <p align="justify"><b></b></p> <p align="justify"><b>Students who have already passed any subject of Final ( under old syllabus ) may note that they will be eligible for exemption in corresponding subjects under new</b> </p> <p align="justify"><b>syllabus as per details mentioned below :</b></p> <b></b> <p> <table border="1" cellspacing="0" cellpadding="0"><tbody> <tr> <td valign="top" width="595"> <p><b> </b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>Sl No</b></p> </td> <td valign="top" width="192"> <p><b>FINAL ( old Syllabus )</b></p> </td> <td valign="top" width="60"> <p><b>Subject Code</b></p> </td> <td valign="top" width="192"> <p><b>PROFESSIONAL PROGRAM</b></p> <p><b>( New Syllabus )</b></p> </td> <td valign="top" width="96"> <p><b>Subject Code</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>1</b></p> </td> <td valign="top" width="192"> <p><b>Advanced Company Law and Practice ( ACLP)</b></p> </td> <td valign="top" width="60"> <p><b>131</b></p> </td> <td valign="top" width="192"> <p><b>Company Secretarial Practice ( CSP)</b></p> </td> <td valign="top" width="96"> <p><b>231</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>2</b></p> </td> <td valign="top" width="192"> <p><b>Secretarial Practice relating to Eco. Laws and Drafting & Conveyancing ( SPRELDC)</b></p> </td> <td valign="top" width="60"> <p><b>132</b></p> </td> <td valign="top" width="192"> <p><b>Drafting, Appearances and Pleadings </b></p> <p><b>( DAP)</b></p> </td> <td valign="top" width="96"> <p><b>232</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>3</b></p> </td> <td valign="top" width="192"> <p><b>Secretarial, Management and System Audit ( SMSA)</b></p> </td> <td valign="top" width="60"> <p><b>133</b></p> </td> <td valign="top" width="192"> <p><b>Due Diligence & Corp. Compliance Mgt. </b></p> <p><b>( DDCCM)</b></p> </td> <td valign="top" width="96"> <p><b>237</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>4</b></p> </td> <td valign="top" width="192"> <p><b>Financial, Treasury and Forex Management ( FTFM)</b></p> </td> <td valign="top" width="60"> <p><b>134</b></p> </td> <td valign="top" width="192"> <p><b>Financial, Treasury and Forex Management ( FTFM) </b></p> </td> <td valign="top" width="96"> <p><b>233</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>5</b></p> </td> <td valign="top" width="192"> <p><b>Corporate Restructuring Law and Practice (CRLP)</b></p> </td> <td valign="top" width="60"> <p><b>135</b></p> </td> <td valign="top" width="192"> <p><b>Corporate Restructuring and Insolvency </b></p> <p><b>( CRI)</b></p> </td> <td valign="top" width="96"> <p><b>234</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>6</b></p> </td> <td valign="top" width="192"> <p><b>Banking and Insurance â Law and Practice ( BILP)</b></p> </td> <td valign="top" width="60"> <p><b>136</b></p> </td> <td valign="top" width="192"> <p><b>Governance, Business Ethics and Sustainability ( GBES)</b></p> </td> <td valign="top" width="96"> <p><b>238</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>7</b></p> </td> <td valign="top" width="192"> <p><b>WTO-International Trade, </b></p> <p><b>Jt. Venture and Foreign Collaborations </b></p> <p><b>( WTO-ITJVFC)</b></p> </td> <td valign="top" width="60"> <p><b>137</b></p> </td> <td valign="top" width="192"> <p><b>Strategic Mgt, Alliances and International Trade ( SMAIT)</b></p> </td> <td valign="top" width="96"> <p><b>235</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>8</b></p> </td> <td valign="top" width="192"> <p><b>Direct and Indirect Taxation â Law and Practice ( DITLP)</b></p> </td> <td valign="top" width="60"> <p><b>138</b></p> </td> <td valign="top" width="192"> <p><b>Advanced Tax Law and Pracice ( ATLP)</b></p> </td> <td valign="top" width="96"> <p><b>236</b></p> </td> </tr> <tr> <td valign="top" width="55"> <p><b>9</b></p> </td> <td valign="top" width="192"> <p><b>Human Resources Mgt & Industrial Relations ( HRMIL)</b></p> </td> <td valign="top" width="60"> <p><b>139</b></p> </td> <td valign="top" width="192"> <p><b>Governance, Business Ethics and Sustainability ( GBES)</b></p> </td> <td valign="top" width="96"> <p><b>238</b></p> </td> </tr> </tbody></table> </p> <h3><a href="http://onlythismuch.blogspot.com" target="_blank">Take OTM Challenge â All India Competition from OTM 2011</a></h3> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com14tag:blogger.com,1999:blog-9191919080550540685.post-72964692084985901852011-02-16T14:32:00.001+05:302011-02-16T14:32:47.448+05:30Tax law, Company law, Economic & Labour law Updates for June 2011 Company Secretaries exam as on February 2011 - ICSI Bulletin<p>CS Bulletin updation for Tax law (Assessment year & updates), Company law (Additional Filing Fees), Economic & Labour law (Competition law case) for June 2011 Company Secretaries exam as on February 2011.  Do read for both Company Secretary Executive & Professional Programme exams.</p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="center"><span style="font-family: ; mso-bidi-font-family: tahoma" lang="EN-US"><font face="Arial Black"><font style="font-size: 26pt" color="#000080">ICSI Directorate of Academic & Professional Development</font></font></span></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="center"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><a href="http://lh4.ggpht.com/_LqxdOyCO0zE/TVuSaGvg0FI/AAAAAAAAFEo/N3JjmW12dfw/s1600-h/clip_image002%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image002[12]" border="0" alt="clip_image002[12]" src="http://lh3.ggpht.com/_LqxdOyCO0zE/TVuSbXVy-8I/AAAAAAAAFEs/cAjkLZRBVMU/clip_image002%5B12%5D_thumb.gif?imgmax=800" width="624" height="804" /></a> <br style="page-break-before: always" clear="all" /><a href="http://lh4.ggpht.com/_LqxdOyCO0zE/TVuSc5aFOwI/AAAAAAAAFEw/O1QA15MkNns/s1600-h/clip_image004%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image004[12]" border="0" alt="clip_image004[12]" src="http://lh5.ggpht.com/_LqxdOyCO0zE/TVuSeIhxo4I/AAAAAAAAFE0/gW8d_mbAuR8/clip_image004%5B12%5D_thumb.gif?imgmax=800" width="624" height="782" /></a></span></b></p> <b style="mso-bidi-font-weight: normal"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US"> <br style="page-break-before: always" clear="all" /></span></b> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="center"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"></span></b></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="right"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><font face="Arial"><font style="font-size: 14pt" color="#0000ff"> </font></font></span></b></p> <p align="justify"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US">The Commission found that these practices constituted abuse by Intel of its dominant position on the x86 CPU market that harmed consumers throughout the European Economic Area.  By undermining its competitors ability to compete on the merits of their products, Intelâs actions undermined competition & innovation.  The CCI has also ordered Intel to cease ongoing abusive practices immediately.</span></p> <p align="justify"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US">A brief analysis of Intel case under Competition Act, 2002:</span></p> <span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US"> <ul> <li> <div align="justify">In the above mentioned case the relevant market is âRelevant Product Marketâ and to be more specific, âComputer Chip Marketâ.</div> </li> <li> <div align="justify">The dominance is abused on the grounds of âDenial of Market Accessâ which is listed as one of the grounds of abuse of dominance, u/s. 4(2)(c) of Competition Act, 2002. <br style="page-break-before: always" clear="all" /></div> </li> </ul> </span> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><a href="http://lh3.ggpht.com/_LqxdOyCO0zE/TVuSfiiN_2I/AAAAAAAAFE4/noRHvj8z9cY/s1600-h/clip_image008%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image008[12]" border="0" alt="clip_image008[12]" src="http://lh6.ggpht.com/_LqxdOyCO0zE/TVuShDgWT1I/AAAAAAAAFE8/gVgMsxdwIX0/clip_image008%5B12%5D_thumb.gif?imgmax=800" width="623" height="777" /></a></span></b></p> <b style="mso-bidi-font-weight: normal"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US"> <br style="page-break-before: always" clear="all" /></span></b> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><a href="http://lh5.ggpht.com/_LqxdOyCO0zE/TVuSiZNgbLI/AAAAAAAAFFA/hlM17ysuvik/s1600-h/clip_image010%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image010[12]" border="0" alt="clip_image010[12]" src="http://lh4.ggpht.com/_LqxdOyCO0zE/TVuSkHQcg2I/AAAAAAAAFFE/dplxxMeQ0n8/clip_image010%5B12%5D_thumb.gif?imgmax=800" width="623" height="787" /></a></span></b></p> <b style="mso-bidi-font-weight: normal"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US"> <br style="page-break-before: always" clear="all" /></span></b> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><a href="http://lh3.ggpht.com/_LqxdOyCO0zE/TVuSlgcFMoI/AAAAAAAAFFI/4_-9pltbDp4/s1600-h/clip_image012%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image012[12]" border="0" alt="clip_image012[12]" src="http://lh4.ggpht.com/_LqxdOyCO0zE/TVuSnM2sM7I/AAAAAAAAFFM/bri8Cu3C1qQ/clip_image012%5B12%5D_thumb.gif?imgmax=800" width="623" height="780" /></a></span></b></p> <b style="mso-bidi-font-weight: normal"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US"> <br style="page-break-before: always" clear="all" /></span></b> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="right"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><img style="background-image: none; border-right-width: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image014[12]" border="0" alt="clip_image014[12]" src="http://lh6.ggpht.com/_LqxdOyCO0zE/TVuSoPQakWI/AAAAAAAAFFQ/KJb5pPSPAXU/clip_image014%5B12%5D_thumb.gif?imgmax=800" width="624" height="500" /></span></b><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><a href="http://lh3.ggpht.com/_LqxdOyCO0zE/TVuSpKv74iI/AAAAAAAAFFU/r4S8wmKBYH0/s1600-h/clip_image018%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image018[12]" border="0" alt="clip_image018[12]" src="http://lh6.ggpht.com/_LqxdOyCO0zE/TVuSqE_OsWI/AAAAAAAAFFY/Cj33iST6SzA/clip_image018%5B12%5D_thumb.gif?imgmax=800" width="623" height="468" /></a></span></b><b style="mso-bidi-font-weight: normal"><span style="font-family: ; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: en-us; mso-fareast-language: en-us; mso-bidi-language: ar-sa" lang="EN-US"> <br style="page-break-before: always" clear="all" /></span></b></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="right"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><a href="http://lh6.ggpht.com/_LqxdOyCO0zE/TVuSrAKi7PI/AAAAAAAAFFc/2v4pxxh32Nc/s1600-h/clip_image022%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image022[12]" border="0" alt="clip_image022[12]" src="http://lh3.ggpht.com/_LqxdOyCO0zE/TVuSsPnPyBI/AAAAAAAAFFg/57qx4_zy3Is/clip_image022%5B12%5D_thumb.gif?imgmax=800" width="623" height="429" /></a><a href="http://lh5.ggpht.com/_LqxdOyCO0zE/TVuSsi3DHHI/AAAAAAAAFFk/0l3gcNqfR9w/s1600-h/clip_image024%5B12%5D%5B2%5D.gif"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="clip_image024[12]" border="0" alt="clip_image024[12]" src="http://lh5.ggpht.com/_LqxdOyCO0zE/TVuStpxfT6I/AAAAAAAAFFo/ZDLdKMJt5a8/clip_image024%5B12%5D_thumb.gif?imgmax=800" width="624" height="49" /></a></span></b></p> <p style="line-height: normal; margin: 0cm 0cm 0pt" class="MsoNormal" align="center"><b style="mso-bidi-font-weight: normal"><span style="font-family: " lang="EN-US"><font face="Arial"><font style="font-size: 14pt" color="#0000ff"> </font></font></span></b></p> <p>Enjoy passing!!!</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com2tag:blogger.com,1999:blog-9191919080550540685.post-50463069617154186922011-01-25T17:01:00.001+05:302011-01-25T17:01:32.519+05:30Can a Company Secretary student whose registration is valid up to February 2011 appear for June exams & Download CS Exam Timetable<h3 align="justify"><font size="5">Registration Validity for June 2011 CS Exams</font></h3> <p align="justify">Students whose registration is valid up to February 2011 ( i.e. students registered in March 2006 ) are, however, eligible to appear in June 2011 Company Secretary examination without seeking extension of registration / registration de-novo subject to fulfilling other requirements as laid down in the regulations. </p> <li>Understand about <a href="https://docs.google.com/viewer?url=http%3A%2F%2Fwww.icsi.edu%2FWebModules%2FLinksOfWeeks%2FExamcener_salem.doc">New Examination Centres at Jabalpur,Salem & Sonepat</a><img border="0" alt="" src="http://www.icsi.edu/Portals/0/new.gif" width="26" height="12" /> <h3>CS Exam Timetable for June 2011 exams</h3> <p><a href="http://lh6.ggpht.com/_LqxdOyCO0zE/TT60jl4RJ6I/AAAAAAAADks/N1TBDFoL--8/s1600-h/CS%20Foundation%20Executive%20Professional%20Programme%20June%202011%20Exam%20Timetable%5B5%5D.png"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="CS Foundation Executive Professional Programme June 2011 Exam Timetable" border="0" alt="CS Foundation Executive Professional Programme June 2011 Exam Timetable" src="http://lh3.ggpht.com/_LqxdOyCO0zE/TT60kndymUI/AAAAAAAADkw/DQQ60B2aRYg/CS%20Foundation%20Executive%20Professional%20Programme%20June%202011%20Exam%20Timetable_thumb%5B3%5D.png?imgmax=800" width="652" height="454" /></a></p> </li> <li> <h3><a href="http://www.icsi.edu/WebModules/LinksOfWeeks/time-table_j.2.pdf" target="_blank">Download CS June, 2011 Examination Table for Foundation, Executive & Professional Program exams</a></h3> <p><strong><em>Enjoy passing.</em></strong></p> </li> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-32185653230133739422011-01-25T16:29:00.000+05:302011-02-16T18:29:17.360+05:30Download Company Secretary Course kit for ACS exams with complete details about registration, fees, cut off dates, procedures, exemption, etc...& all CS students - Update your email ids now to get free Student Company Secretary magazine in your Inbox<p align="justify"><strong><u>All about CS: OnlyThisMuch.</u>  </strong>The information are given in detail hereunder for your complete understanding about Company Secretaryship Course or CS Course or ACS exams or by whatever name it is called.  This will enable you to join ICSI and become a Company Secretary, a coveted corporate legal professional.  If you are already a professional, do share this information to all for the benefit of budding students and Company Secretaries.  Enjoy sharing.</p> <h3 align="justify"><font size="4">Understand all about Company Secretary Course in India & Important Announcements for 2011 by ICSI</font></h3> <ol> <li>Important cut-off dates </li> <li>General Information students must know </li> <li>Guidelines for seeking extension of CS Course registration & de novo </li> <li>Concession in Registration Fees / Examination Fees for Physically Handicapped Students: </li> <li>How to get CS Student Identity (Id card) </li> <li>Regarding Paper wise exemption in CS exams based on qualification </li> <li>Compulsory Computer Training & Exemption </li> <li>Submission of CC papers </li> <li>ICSI Students Education Fund Trust & financial assistance for handicaps & others </li> <li>Fees of ICSI for various services including registration, examination </li> <li>Complete address of ICSI </li> <li>Telephone numbers of Company Secretary Institute </li> <li>Useful links for Company Secretary Exam preparation <h3><a href="http://www.scribd.com/full/47522720?access_key=key-ij6yvlnfihe1lm4899q" target="_blank">Download CS Information Kit</a></h3> </li> <li>More details in <a href="http://yehseeyes.blogspot.com/search/label/CS%20Course%20details">http://yehseeyes.blogspot.com/search/label/CS%20Course%20details</a> </li> <li><a href="http://www.icsi.edu/webmodules/student/Brochure/CS%20Brochure%20for%20Regular%20Course.pdf" target="_blank"><strong>Download Company Secretary Course Brochure</strong></a></li> </ol> <p align="justify"></p> <h3 align="justify"><font size="4">Update your email id & address to get Student Secretary Magazine</font></h3> <p align="justify">Those students who are having e-mail address may communicate the same to the Student Services Section (giving reference of their name & registration no.) at <u>naveen.kumar@icsi.edu</u>, which will facilitate quick and economic communication from the Instituteâs side.  You will start receiving <strong>Student Company Secretary in email</strong> only if your correct email address is available with ICSI.</p> <p align="justify">PIN CODE is required to be mentioned for quick delivery of the mail. Students may, therefore, check up the computerised mailing address as printed on the âStudent Company Secretaryâ bulletin. In case, it does not carry or carry the wrong PIN CODE number, the same may be intimated immediately quoting student registration number and full postal address with Postal Index Number so that it could be incorporated in the computerised mailing list.</p> <p align="justify"> </p> <h3 align="justify"><font size="4">CHANGE IN FREQUENCY OF DESPATCH OF STUDENT COMPANY SECRETARY BULLETIN: </font></h3> <p align="justify">As per the existing system, the Student Company Secretary Bulletin is dispatched by post to all active regular students on monthly basis. <br /></p> <p align="justify">Keeping in view the changing times, the Council of the  Institute has decided that the Student Company Secretary Bulletin ( in physical form ) will be sent to the students on bi-monthly basis (<strong>once in two months</strong>), instead of on monthly basis, w.e.f. January 2011.   However, the academic inputs as is being covered in the Student Company Secretary Bulletin will be uploaded on the website of the  Institute, viz., www.icsi.edu and the same will also be sent through e-mail on monthly basis. With this arrangement, it is expected that the students will get updated contents promptly with the latest academic developments. All students are advised to take a note of it.</p> <p align="justify"><a href="http://lh5.ggpht.com/_LqxdOyCO0zE/TT61AWfdq5I/AAAAAAAADk0/6MS_kbv_HVA/s1600-h/CS%20Course%20Cut%20off%20dates%5B3%5D.png"><img style="background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px" title="CS Course Cut off dates" border="0" alt="CS Course Cut off dates" src="http://lh4.ggpht.com/_LqxdOyCO0zE/TT61CoWvRtI/AAAAAAAADk4/KdO-hLayE_Q/CS%20Course%20Cut%20off%20dates_thumb%5B1%5D.png?imgmax=800" width="638" height="535" /></a></p> <p align="justify"><strong><em>Enjoy registering, passing & practising.</em></strong></p> <a style="margin: 12px auto 6px; display: block; font: 14px helvetica,arial,sans-serif; text-decoration: underline; font-size-adjust: none; font-stretch: normal; -x-system-font: none" title="View CS Course details with Cut off dates details fees exemption de nova registration timelines & all about Company Secretary ACS Foundation Executive Professional Programme exams (what, how, when) E Bulletin Jan 2011 of ICSI on Scribd" href="http://www.scribd.com/doc/47522720/CS-Course-details-with-Cut-off-dates-details-fees-exemption-de-nova-registration-timelines-all-about-Company-Secretary-ACS-Foundation-Executive-Prof"><font size="3" face="Georgia">CS Course details with Cut off dates details fees exemption de nova registration timelines & all about Comp...</font></a> <object id="doc_782082824771576" name="doc_782082824771576" height="600" width="100%" type="application/x-shockwave-flash" data="http://d1.scribdassets.com/ScribdViewer.swf" style="outline:none;" > <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf"> <param name="wmode" value="opaque"> <param name="bgcolor" value="#ffffff"> <param name="allowFullScreen" value="true"> <param name="allowScriptAccess" value="always"> <param name="FlashVars" value="document_id=47522720&access_key=key-ij6yvlnfihe1lm4899q&page=1&viewMode=list"> <embed id="doc_782082824771576" name="doc_782082824771576" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=47522720&access_key=key-ij6yvlnfihe1lm4899q&page=1&viewMode=list" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="600" width="100%" wmode="opaque" bgcolor="#ffffff"></embed> </object> <p align="justify"><strong><u>Source:</u> </strong><a title="http://www.scribd.com/full/47522720?access_key=key-ij6yvlnfihe1lm4899q" href="http://www.scribd.com/full/47522720?access_key=key-ij6yvlnfihe1lm4899q"><strong>http://www.scribd.com/full/47522720?access_key=key-ij6yvlnfihe1lm4899q</strong></a> or <strong>e-bulletin of Directorate of Student Services </strong><a href="https://docs.google.com/viewer?url=http%3A%2F%2Fwww.icsi.edu%2Fwebmodules%2FLinksOfWeeks%2FE-bulletin_Jan11.doc">January2011</a> of ICSI</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com137tag:blogger.com,1999:blog-9191919080550540685.post-33951168372765031942011-01-03T19:41:00.001+05:302011-01-03T21:33:39.520+05:30Learnlabz on FEMA for Company Secretary exam revision (CS Executive & Professional Program), understand Foreign Exchange Management Act, 1999<p align="justify">Learnlabz distributed Company Secretary Exam revision DVDâs outside CS Exam Centres at Chennai and it was nice to get students reviews out of the Exam hall.</p> <p align="justify">We were glad that lot of CS exam writers used OnlyThisMuch books and thier feedback after writing the exams was remarkable.</p> <p align="justify">Enjoy watching the same VIDEO online nowâŠ. (Playlist contains 8 videos)</p> <p align="justify"> </p> <object width="480" height="385"><param name="movie" value="http://www.youtube.com/p/D7FE18DDD7B99345?hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/p/D7FE18DDD7B99345?hl=en_US&fs=1" type="application/x-shockwave-flash" width="480" height="385" allowscriptaccess="always" allowfullscreen="true"></embed></object> <p align="justify"> </p> <p align="justify"><strong><u>Source</u></strong>: <a href="http://www.youtube.com/learnlabz">www.youtube.com/learnlabz</a> or <a title="http://www.youtube.com/view_play_list?p=D7FE18DDD7B99345" href="http://www.youtube.com/view_play_list?p=D7FE18DDD7B99345">http://www.youtube.com/view_play_list?p=D7FE18DDD7B99345</a> </p> <p align="justify">Do share your listening and recapitulating experience!!!</p> <p align="justify"><strong><em><a href="http://onlythismuch.blogspot.com" target="_blank">OTM Challenge 2011 is onâŠTake your challenge nowâŠ</a></em></strong></p> <p align="justify">Enjoy passing.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com2tag:blogger.com,1999:blog-9191919080550540685.post-19685576119054310792010-12-13T22:30:00.001+05:302010-12-13T22:30:14.955+05:30OnlyThisMuch Book Release Event Videos with my Guru Sreevathson & Mentor MR Venkatesh & all about the joyous moments of OTM for CS Executive Program<p align="justify"></p> <p align="justify">The most memorable OnlyThisMuch book release event started with a blessing speech by our Mentor Mr. MRV who described OTM as an Indian Thaali and went on with Mr. Sreevathson releasing the book, followed by an awe-inspiring speech and what not of the joyâŠ.:)))</p> <p align="justify"> <div style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; float: none; padding-top: 0px" id="scid:5737277B-5D6D-4f48-ABFC-DD9C333F4C5D:cdde5a83-5cfb-4f10-a908-cf7549982153" class="wlWriterEditableSmartContent"><div id="163a50c2-3230-45e2-adfc-f51d9b0d195c" style="margin: 0px; padding: 0px; display: inline;"><div><a href="http://www.youtube.com/watch?v=FxWqN_ql4RM" target="_new"><img src="http://lh6.ggpht.com/_LqxdOyCO0zE/TQZRFot1TAI/AAAAAAAADjM/MF_5jerz_AU/videoefc69c04d912%5B3%5D.jpg?imgmax=800" style="border-style: none" galleryimg="no" onload="var downlevelDiv = document.getElementById('163a50c2-3230-45e2-adfc-f51d9b0d195c'); downlevelDiv.innerHTML = "<div><object width=\"425\" height=\"355\"><param name=\"movie\" value=\"http://www.youtube.com/v/FxWqN_ql4RM&hl=en\"><\/param><embed src=\"http://www.youtube.com/v/FxWqN_ql4RM&hl=en\" type=\"application/x-shockwave-flash\" width=\"425\" height=\"355\"><\/embed><\/object><\/div>";" alt=""></a></div></div></div> </p> <p align="justify"></p> <div align="justify"> <div style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; float: none; padding-top: 0px" id="scid:5737277B-5D6D-4f48-ABFC-DD9C333F4C5D:57bb0c07-bbfa-477c-99c0-8da52f9212d9" class="wlWriterEditableSmartContent"><div id="e3fb916f-a8ff-425a-ac09-d9df1cee9a06" style="margin: 0px; padding: 0px; display: inline;"><div><a href="http://www.youtube.com/watch?v=NDLPhoSXv0g" target="_new"><img src="http://lh6.ggpht.com/_LqxdOyCO0zE/TQZRGmuVZOI/AAAAAAAADjQ/uUdPm_pDyjo/video58dd34241f94%5B3%5D.jpg?imgmax=800" style="border-style: none" galleryimg="no" onload="var downlevelDiv = document.getElementById('e3fb916f-a8ff-425a-ac09-d9df1cee9a06'); downlevelDiv.innerHTML = "<div><object width=\"425\" height=\"355\"><param name=\"movie\" value=\"http://www.youtube.com/v/NDLPhoSXv0g&hl=en\"><\/param><embed src=\"http://www.youtube.com/v/NDLPhoSXv0g&hl=en\" type=\"application/x-shockwave-flash\" width=\"425\" height=\"355\"><\/embed><\/object><\/div>";" alt=""></a></div></div></div> </div> <p align="justify"></p> <div align="justify"> <div style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; float: none; padding-top: 0px" id="scid:5737277B-5D6D-4f48-ABFC-DD9C333F4C5D:1386de55-245d-40f2-9100-2b314b967625" class="wlWriterEditableSmartContent"><div id="5a0cc344-9631-4e61-932b-8dbb4793b42b" style="margin: 0px; padding: 0px; display: inline;"><div><a href="http://www.youtube.com/watch?v=I8dy8m9gB2s" target="_new"><img src="http://lh6.ggpht.com/_LqxdOyCO0zE/TQZRHTgCzGI/AAAAAAAADjU/DcDUW_jokhU/video5b12659e48dc%5B3%5D.jpg?imgmax=800" style="border-style: none" galleryimg="no" onload="var downlevelDiv = document.getElementById('5a0cc344-9631-4e61-932b-8dbb4793b42b'); downlevelDiv.innerHTML = "<div><object width=\"425\" height=\"355\"><param name=\"movie\" value=\"http://www.youtube.com/v/I8dy8m9gB2s&hl=en\"><\/param><embed src=\"http://www.youtube.com/v/I8dy8m9gB2s&hl=en\" type=\"application/x-shockwave-flash\" width=\"425\" height=\"355\"><\/embed><\/object><\/div>";" alt=""></a></div></div></div> </div> <p align="justify"></p> <p align="justify">More Videos in <a href="http://www.youtube.com/onlythismuch">http://www.youtube.com/onlythismuch</a> </p> <p align="justify">Photos of the event:</p> <p align="justify"><embed type="application/x-shockwave-flash" src="http://picasaweb.google.com/s/c/bin/slideshow.swf" width="288" height="192" flashvars="host=picasaweb.google.com&hl=en_GB&feat=flashalbum&RGB=0x000000&feed=http%3A%2F%2Fpicasaweb.google.com%2Fdata%2Ffeed%2Fapi%2Fuser%2Fonlythismuch%2Falbumid%2F5544942661227451841%3Falt%3Drss%26kind%3Dphoto%26hl%3Den_GB" pluginspage="http://www.macromedia.com/go/getflashplayer"></embed> </p> <p align="justify">Enjoy all the videos together in a playlist from <a href="http://www.youtube.com/watch?v=FxWqN_ql4RM&feature&p=4761E2F32ABA5D49&index=0&playnext=1">http://www.youtube.com/watch?v=FxWqN_ql4RM&feature&p=4761E2F32ABA5D49&index=0&playnext=1</a></p> <p align="justify">Do say if you like it in <a title="http://www.facebook.com/pages/OnlyThisMuch/171985196164559" href="http://www.facebook.com/pages/OnlyThisMuch/171985196164559">http://www.facebook.com/pages/OnlyThisMuch/171985196164559</a></p> <p align="justify"><strong><em><a href="http://onlythismuch.blogspot.com/2010/12/so-what-are-you-waiting-for.html" target="_blank">OTM Challenge is onâŠ</a></em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-91557359381949689852010-12-07T22:04:00.001+05:302010-12-07T22:04:29.123+05:30File @ SEBI Regional office for Issue size UPTO 100 crores for prescribed States with New Delhi, Ahmedabad, Chennai & Kolkata<p align="justify">SEBI extends the role of its Regional offices to accept applications for public issues under ICDR regulations vide CIR/CFD/DIL/9/2010 dated 13th October 2010</p> <h3 align="justify">When issue size is 100 crores or less</h3> <p align="justify"><strong>SEBI, New Delhi office</strong> for Companies proposed to be listed in Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh, Chandigarh, Delhi & Uttarakhand</p> <p align="justify"><strong>SEBI, Kolkata office</strong> for Companies proposed to be listed in Assam, Bihar, <br />Manipur, Meghalaya, Nagaland, Orissa, West Bengal, Tripura, Arunachal Pradesh, Mizoram & Jharkhand</p> <p align="justify"><strong>SEBI, Chennai office</strong> for Companies proposed to be listed in Andhra Pradesh, Karnataka, Kerala, Tami Nadu & Puducherry</p> <p align="justify"><strong>SEBI, Ahmedabad office</strong> for Companies proposed to be listed in Gujarat & Rajasthan. </p> <h3 align="justify">For other states & when issue size is more than 100 crores</h3> <p align="justify">At <strong>SEBI Bhawan, Mumbai.</strong></p> <p align="justify">Merchant Bankers are accordingly advised to file the draft offer documents / offer documents with the concerned office of SEBI, based on the estimated issue size accordingly.</p> <p align="justify"><strong><a href="http://www.sebi.gov.in/circulars/2010/circfddil9.pdf" target="_blank">Download Notification.</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-80201681626259044452010-12-07T12:39:00.001+05:302010-12-17T14:54:35.667+05:30Download CS Admit Card for December 2010 Exams - Take print of Hall Ticket for Foundation Executive & Professional Company Secretary Exams now<p align="justify">Hope you would have got your Admit Card or Hall tickets for CS Foundation Programme, CS Executive Programme or CS Professional Programme exams by now.</p> <p align="justify">The CS Admit Card issued by ICSI gives you the details of Roll Number, Examination centre and the details of the exams that you are allowed to write along with the Date of the Exams and the exemptions granted.</p> <p align="justify">So, its the time to wish all the best!!! Just be confident of your preparations now, irrespective of how much you have studied.  Just make sure, you spend 3 hours of your time for every exam with 100% concentration and every exam is independant of each other.  The performance of one exam has connection to the performance in the other exam.  So, simply give your best for each & every exam.  Its <a href="http://csbooks.learnlabz.com/">Only This Much</a>!!!</p> <p align="justify"><strong>Refresh your exam knowledge</strong> by participating in Quiz from <a href="http://onlythismuch.blogspot.com">http://onlythismuch.blogspot.com</a> </p> <p align="justify">For those, who have not got the same, not to panic! there is a very easy way to download, which is valid for Exams too from ICSI site itself. Just you have to know your ICSI registration number. (Enter Either Registration number or Roll Number) 17 Digit Registration No (Third character is Zero and not "O") or 9 digit numbers followed by / month (2 digit) / year (4 digit) and you will get your Admit Card Extract.  </p> <p align="justify"><strong>Now, click here to get your Admit Card </strong>Click here to download ICSI Hall Ticket for December 2010 exams  using <a href="http://www.icsi.edu:8888/AdmitCard/LoginScreen.aspx">http://www.icsi.edu:8888/AdmitCard/LoginScreen.aspx</a> [<strong>New Website Link</strong>]</p> <p>The other option would be log in to your <a href="http://www.icsi.in">www.icsi.in</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com24tag:blogger.com,1999:blog-9191919080550540685.post-60971339833737533462010-12-06T22:08:00.001+05:302010-12-06T22:09:41.240+05:30Company Law Easy Exit Scheme Version 2.0 is back!!! Rush to close your companies now (1st January to 31st January 2011)<p></p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><span style="font-family: georgia, serif; color: rgb(51,51,51); font-size: 16px" class="Apple-style-span"> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><i><font size="3"><strong><font color="#cc0000"><span style="background-color: rgb(255,255,255)"><font face="'trebuchet ms', sans-serif">Closure of defunct companies by ROC</font></span></font></strong></font></i></div> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><strong><u><span style="background-color: rgb(255,255,255)"><font face="'trebuchet ms', sans-serif"><span style="font-size: large"><font color="#3333ff">COMPANY LAW EASY EXIT SCHEME under The Companies Act, 1956:</font></span></font></span></u></strong></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">The Ministry of Corporate Affairs, has announced an</font><font color="#cc0000"><font face="'trebuchet ms', sans-serif"><span class="Apple-converted-space"> </span>EASY EXIT SCHEME<span class="Apple-converted-space"> </span></font></font><font face="'trebuchet ms', sans-serif">to facilitate the<span class="Apple-converted-space"> </span></font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">defunct company</font></font><span style="color: red"><font face="'trebuchet ms', sans-serif"> </font></span><font face="'trebuchet ms', sans-serif">to get rid of it. The scheme has made very<span class="Apple-converted-space"> </span></font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">simple for the exit</font></font><font face="'trebuchet ms', sans-serif"><span class="Apple-converted-space"> </span>of the defunct company without much effort.</font></strong></font></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">In the normal circumstances closing of a company may take several years and may need to spent lakhs of rupees.</font></strong></font></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><font size="3"><strong><font color="#006600"><font face="'trebuchet ms', sans-serif">Please contact us immediately for filing the application, for closure of your defunct company, if any at the earliest and avail this<span class="Apple-converted-space"> </span></font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">golden opportunity</font></font><span style="color: red"><font face="'trebuchet ms', sans-serif">.</font></span></font></strong></font></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">The opportunity may come once in blue moon. So do<span class="Apple-converted-space"> </span></font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">ACT IMMEDIATELY</font></font><span style="color: rgb(192,0,0)"><font face="'trebuchet ms', sans-serif"> </font></span><font face="'trebuchet ms', sans-serif">and get rid of your defunct company once for all without any future litigation for non compliances.</font></strong></font></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><strong><font color="#006600" face="Trebuchet MS"><em>The Scheme is valid from 1st January to 31st January 2011.</em></font></strong></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">After the closure of the scheme, it is expected that<span class="Apple-converted-space"> </span></font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">ROC may take actions</font></font><font face="'trebuchet ms', sans-serif"><span class="Apple-converted-space"> </span>on those companies who continue to default the compliances.</font></strong></font></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">Take the opportunity immediately.</font></strong></font></p> <p style="text-align: justify; line-height: 1.6em; margin: 0in 0in 10pt" class="MsoNormal"><strong><font color="#006600" face="Trebuchet MS">For assistance,<font color="#008000"> you may also contact: </font></font></strong></p> </span></span> <p><strong><strong><strong><font color="#008000">044-24340416</font></strong></strong></strong></p> <p><font color="#008000"><strong>Reach us @ </strong><strong>7/13, South Boag Road, T.Nagar, Chennai, 600017</strong></font></p> <p><strong><font color="#008000">Mail us: </font><a href="mailto:leadcs@lawlabz.com"><font color="#008000">solutions@lawlabz.com</font></a></strong></p> <p><b><i><font color="#008000">Keep closing!!!</font></i></b></p> <h3>Download New Easy Exit Scheme Notification</h3> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-30250507661119083982010-12-06T21:43:00.001+05:302010-12-06T21:45:05.404+05:30No preferential allotment to promoter for 1 year on warrant failure, Be a retail investor UPTO 2 lakhs, Advertise filing of offer documents, Uniform allotment in offer to public, Asks company to decide whether partly/fully paid shares - SEBI ICDR 4th Amendment 2010<p align="justify"><strong>SEBI Issue of Capital & Disclosure Requirements - ICDR (Fourth Amendment) Regulations, 2010:</strong> The amendment includes postal insurance funds as QIB, increases retail investor limit to 2 lakhs [ie, those who will fall in the 35% in net offer category], mandates company to advertise filing of offer documents, clarifies on pending convertible securities before IPO, as usual puts extra responsibility on Merchant banker to certify on advertisements issued in all types of media, unifies allotment in offer to public as 50%-35%-15% (for QIB-Retail-Others), issue to give either part payment or full payment option to investors (& not both) and finally clarifies on eligibility of Preferential Allotment to Promoters or Promoters Group (i.e) if they have sold shares within past 6 months or if they have failed to exercise warrants issued within past 1 year, then such promoters/promoters group becomes ineligible for preferential allotment.</p> <p align="justify"><strong>Retail investors/reservation to employees limit extended</strong></p> <p align="justify"><strong>Reg 2(ze) </strong>âretail individual investorâ means an investor who applies or bids for specified securities for a value of not more than  <strong>Rs. 2 lakhs</strong> (erstwhile limit was Rs. 1 lakh).</p> <p align="justify"><strong>Reg 2(zf)</strong> âretail individual shareholderâ means a shareholder of a listed issuer, who applies or bids for specified securities for a value of not more than Rs. 2 lakhs.</p> <p align="justify">Reg 42(4): The reservation on competitive basis to any employee shall not exceed Rs. 2,00,000/- (erstwhile limit was Rs. 1,00,000)</p> <p align="justify"><strong>Reg 2(zd) âQualified Institutional Buyerâ (QIB) has 12 items now:</strong> </p> <p align="justify">â(xii) insurance funds set up and managed by the Department of Posts, India.â </p> <p align="justify"><strong>In addition to SEBI, Stock Exchange & Merchant banker who publish draft offer documents in their website, the company shall publish the same in dailies</strong></p> <p align="justify"><strong>New Reg 9</strong>(3): The issuer company either on the date of filing the draft offer document with SEBI or on the next day shall make a public  announcement in one English/Hindi/Regional daily newspaper with wide  circulation about the fact of filing of draft offer document with SEBI and inviting public comments.</p> <p align="justify">Reg 26(5): <strong>IPO can be made with FULLY PAID outstanding convertible securities which are required to be converted on or before the date of filing of prospectus.</strong></p> <p align="justify"><strong>Same allocation even if minimum public shareholding is 10/25%</strong>Reg 43(2): Allocation in net offer to public category shall be:</p> <ul> <li> <div align="justify">UPTO 50% to QIB</div> </li> <li> <div align="justify">Atleast 35% to Retail Investors</div> </li> <li> <div align="justify">Atleast 15% to Non-Institutional Investors</div> </li> </ul> <p align="justify">(irrespective of whether the offer is made under Rule 19(2)(b) or not [i.e, even if minimum public shareholding is 10%])</p> <p align="justify">Hence, the erswhile limits of 60%, 30%, 10% will  not apply.</p> <p align="justify"><strong>Make it fully paid or partly paid & not both</strong></p> <p align="justify"><strong>New Reg 54(7)</strong>:  âThe issuer shall give <strong>only one payment option</strong> out of the following to all the investors -   </p> <p align="justify">(a) part payment on application with balance money to be paid in  calls; or  <br />(b) full payment on application: </p> <p align="justify">Provided that where the issuer has given the part payment option to  investors, such issuer shall  obtain the necessary regulatory  approvals to facilitate the same.â </p> <p align="justify"><strong>Now, Merchant banker shall also certify the Public communications, publicity materials, advertisements and research reports in all medias</strong></p> <p align="justify"><strong>New Reg 60</strong>(14): âThe merchant bankers shall submit a <strong>compliance certificate</strong> in the format specified in  Part D of Schedule XIII, for the period between the date of filing the draft offer document with SEBI and the date of closure of the issue, in respect of <strong>news reports</strong> appearing in any of the following media: <br />(a) newspapers mentioned in sub-regulation (3) of regulation 9; <br />(b) major business magazines; <br />(c) print and electronic media controlled by a media group where the media group has a private treaty/shareholdersâ agreement with the issuer or promoters of the issuer.â</p> <p align="justify"><a href="http://lh3.ggpht.com/_LqxdOyCO0zE/TP0LpFutAxI/AAAAAAAADi8/pgrt-BFC_q0/s1600-h/image%5B2%5D.png"><img style="border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px" title="image" border="0" alt="image" src="http://lh5.ggpht.com/_LqxdOyCO0zE/TP0LtSk67RI/AAAAAAAADjA/55RayoC9t74/image_thumb.png?imgmax=800" width="244" height="97" /></a> </p> <p align="justify"><strong>Conditions for Preferential Allotment made more stringent</strong></p> <p align="justify">âExplanation: Where any person belonging to promoter(s) or the promoter group has sold his  equity shares in the issuer during the 6 months preceding the relevant date, the promoter(s) and promoter group shall be ineligible for  allotment of specified securities on preferential basisâ.</p> <p align="justify"><strong>New Reg 72(3):</strong> Where any person belonging to promoter(s) or the  promoter group has previously subscribed to warrants of an issuer <strong>but failed to exercise the warrants</strong>, the promoter(s) and promoter group shall be <strong>ineligible</strong> for issue of specified securities of such issuer on preferential basis for a period of <strong>one year</strong> from the date of expiry of the tenure/cancellation of  the  warrants.</p> <p align="justify"><strong><a href="http://www.sebi.gov.in/acts/issuenotification.pdf" target="_blank">Download the SEBI ICDR 4th Amendment 2010 issued vide No. LAD-NRO/GN/2010-11/19/26456 dated 12th November 2010</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com5tag:blogger.com,1999:blog-9191919080550540685.post-68652074677924356232010-12-01T22:44:00.001+05:302010-12-02T12:28:30.896+05:30Only This Much Challenge - theres more to OnlyThisMuch for CS Books, is open now, Take the OTM challenge right away!!!<p></p> <p style="text-align: center" class="MsoNormal" align="center"><b><span style="font-size: 18pt">OTM Challenge </span></b> <p></p> </p> <p></p> <p></p> <p style="text-align: center; text-indent: -18pt; margin-left: 36pt; mso-list: l1 level1 lfo1" class="MsoNormal" align="center"><span style="font-size: 18pt; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-bidi-font-style: italic"><span style="mso-list: ignore">-<span style="font: 7pt "Times New Roman"">        </span></span></span><i><span style="font-size: 18pt">thereâs more to only this much!!! </span></i> <p></p> </p> <p></p> <p></p> <p class="MsoNormal"></p> <p> </p> <p></p> <p class="MsoNormal"><b><u></u></b> <h3>View Point </h3> <p></p> </p> <p></p> <p></p> <p style="text-align: justify" class="MsoNormal">The reasoning behind this challenge is to <span style="font-family: "Verdana","sans-serif"; color: black; font-size: 9pt; mso-bidi-font-size: 12.0pt">groom and nurture</span> CS/CWA/CA/LL.B students by recognising their capabilities and providing a platform for knowledge sharing & enrichment. <span style="mso-spacerun: yes"> </span></p> <p style="text-align: justify" class="MsoNormal">OTM will provide various opportunities to the participants (selected) and the winners, which inter alia includes:</p> <p style="text-align: justify" class="MsoNormal"><span style="mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'"><span style="mso-list: ignore">1.<span style="font: 7pt "Times New Roman"">      </span></span></span>Opportunity to write and contribute to OTM by co-authoring in OTM books </p> <p style="text-align: justify" class="MsoNormal"><span style="mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'"><span style="mso-list: ignore">2.<span style="font: 7pt "Times New Roman"">      </span></span></span>Opportunity to undergo Training (15 months training as indicated in CS course) </p> <p style="text-align: justify" class="MsoNormal"><span style="mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'"><span style="mso-list: ignore">3.<span style="font: 7pt "Times New Roman"">      </span></span></span>Opportunity to become a faculty (part-time or full-time) at Learn Labz</p> <p style="text-align: justify" class="MsoNormal"><span style="mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'"><span style="mso-list: ignore">4.<span style="font: 7pt "Times New Roman"">     </span></span></span>WIN Cash prizes, gift vouchers & goody bags</p> <h3><strong> <a href="http://www.facebook.com/pages/OnlyThisMuch/171985196164559" target="_blank">Know about OTM</a></strong></h3> <p style="text-align: justify" class="MsoNormal">Such activities will nourish their minds & enrich their knowledge, making them a confident & successful professional and will also provide them an opportunity to meet like-minded professionals. </p> <p style="text-align: justify" class="MsoNormal"><strong><em>So what are you waiting for...Take the OTM challenge 2011 right away from </em></strong><a href="http://onlythismuch.blogspot.com/2010/12/so-what-are-you-waiting-for.html"><strong><em>http://onlythismuch.blogspot.com/2010/12/so-what-are-you-waiting-for.html</em></strong></a></p> <p style="text-align: justify" class="MsoNormal"><a href="https://docs.google.com/present/view?id=dd44639k_0f4whndf5&interval=5&autoStart=true&loop=true">About OTM Challenge</a> & <a href="http://spreadsheets.google.com/embeddedform?formkey=dGNMUXhuMVdjb0RWZnhYZUtGX2daWUE6MQ">Click here to Take Round-I of OTM Challenge</a> or <a href="mailto:onlythismuch@lawlabz.com">E-mail</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-72234063124196084202010-11-28T21:28:00.001+05:302010-11-29T08:59:12.188+05:30SEBI interprets whether offer to 50 or more persons amounts to public & thereby mandates listing under Companies Act, irrespective of intention to list its securities with Stock Exchange - reading together Section 55A with 73<p align="justify">On 24th November 2010, it happened!!!  SEBI, the watch dog of Indian Capital Market did its part of research on Companies Act to understand the powers which are already vested with it and has come out [barking :-)] with brilliant interpretations.  </p> <p align="justify"><strong><em><u>SEBI takes a re-look on </u></em></strong></p> <h3 align="justify">Section 55A, 56, 60B, 67, 73 & 81(1A) of Companies Act, 1956</h3> <p align="justify">DIRECTIONS UNDER SECTIONS 11(1), 11(4)(b), 11A(1)(b) AND 11B issued under SEBI ACT, 1992 READ WITH REGULATION 107 OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS - <strong>ICDR</strong>) REGULATIONS, 2009 IN THE MATTER OF ISSUANCE OF OPTIONALLY FULLY CONVERTIBLE DEBENTURES (OFCD) BY SAHARA INDIA REAL ESTATE CORPORATION LIMITED (SIREC) AND SAHARA HOUSING INVESTMENT CORPORATION LIMITED (SHICL).  Lets refer SIREC & SHICL as âCompanyâ.</p> <h3 align="justify">The Companyâs point of view</h3> <p align="justify">a. OFCD issuance of SIRECL and SHICL <strong>do not come under the purview of SEBI as Section 55A of the Companies Act, 1956</strong> delegates the administrative power to SEBI only with respect to the <strong>listed public companies</strong> and those <strong>public companies which are intending to get their securities listed in India</strong>. Since the said companies have stated in the RHP filed with the RoC that, they <strong>do not intend to get the OFCDs listed in any stock exchanges</strong> in India or abroad, the issuance of OFCDs does not come under the purview of SEBI. <br /><strong><u>Note:</u></strong> OFCD is a security and is convertible into Equity Shares and is not in the nature of âNon-Convertible Debt Securityâ.</p> <p align="justify">b. Issuance of OFCDs was made on private placement basis and is restricted to a select group (<strong>however large, they may be</strong>), it ceases to be an offer to the public. <br />c. When securities are<strong> issued to more than 50 persons</strong>, by following the procedure laid down under Section 60B of the Companies Act, 1956, by circulation of information memorandum and <strong>filing of Red Herring Prospectus (RHP) with the RoC</strong>, it would not be necessary to list the securities so offered and the issue shall remain <strong>outside the purview of SEBI</strong>.</p> <h3>What did SEBI analyse?</h3> <p align="justify">a) Whether the impugned OFCD offers have been <strong>made to the public</strong> and if so, whether <strong>listing</strong> of the OFCDs, so offered, is <strong>mandatory</strong>? <br />b) Whether Section 60B of the Act provides <strong>âan alternative routeâ</strong> for raising capital without complying with Section 73 of the Act and other SEBI requirements, as contended by the companies?</p> <h3>What does Companies Act say?</h3> <p align="justify"><strong><u>Section 67:</u> </strong>The essence of this section is that âwho can apply for securities in response to invitation shall be checked to determine whether it is an offer to publicâ and lays certain criteria for that.</p> <p align="justify">The said Section explicitly states that any reference in the Act or in the articles of a company to offering (or inviting to subscribe) for shares or debentures <strong>to the public</strong> shall be construed as including a reference to offering them (or inviting them to subscribe) <strong>to any section of the public</strong>, whether selected as members or debenture holders of the company concerned or as clients of the person issuing the prospectus <strong>or in any other manner</strong>.</p> <p align="justify"><strong>Provisio to Section 67(3)</strong> as summarised by SEBI:  Even if an issue is made by way of <strong>private placement to 50</strong> or more persons, it would be <strong>deemed to be a public issue</strong> (<u>âdeemed to be a public issueâ</u>) irrespective of whether it was offered to public at large or to just a section of the public chosen, <strong>in whatever manner</strong>.</p> <p align="justify">Further, any further issue of capital, even pursuant to a resolution made under Section 81(1A) of the Act (dealing private placement to select group of persons), is <strong>subject to the</strong> provisions of Part III of the Act (dealing with Prospectus), if the offer is made to 50 persons or more.</p> <p align="justify"><strong><em>The filing of a prospectus under the Act signfies the intention of the issuer to raise funds from the public. â </em></strong>SEBI infers!!!</p> <h3>Whether listing is mandatory for all public issues?</h3> <p align="justify">As per Section 73(1) of the Act, every company intending to offer shares or debentures to the public for subscription by the issue of a prospectus <strong>shall</strong>, before such issue, make an application to one or more recognized stock exchanges for permission for (<strong>listing of</strong>) the shares or debentures intending to be so offered to be dealt with in a stock exchange or each such stock exchange.</p> <p align="justify">As per Section 73(2) of the Act, where any listing permission is <strong>not applied</strong>, as observed in the present case, the companies are required to <strong>refund all the money</strong> received as subscription within the stipulated time.</p> <p align="justify"><em><strong>The intention of the companies to list or not is immaterial</strong> <strong>as it is mandated by the Act â </strong></em>SEBI infers!!!</p> <h3>SEBI Order analyses Section 55A & Section 73</h3> <p align="justify"><font color="#008080"><strong>The words</strong> <u>âintend to get their securities listedâ</u> <strong>in Section 55A(1) (b) of the Act (which gives the power to SEBI) is clearly synonymous with the words </strong><u>âintend to offer their securities to publicâ</u><strong> (as per Section 73), as law mandates compulsory listing in case of public issues and specifies that any condition to waive this requirement is void [as per Section 73(4)].</strong></font></p> <h3>If to 50 or more persons, then to 1000 or more persons!!!</h3> <p align="justify">Once the company is mandated to list, it shall comply with the requirements of SEBI ICDR regulation as the debentures are convertible into Equity.  Reading Section 67 with ICDR:</p> <p align="justify">Once the issuer decides to offer its securities to <strong>50 or more persons</strong>, then the issue is an <strong>offer to public</strong> at large, complying with the provisions prescribed in the ICDR Regulations which mentions that an issuer shall <strong>not make an allotment</strong> pursuant to a public issue if the number of <strong>prospective allottees is less than 1000</strong>, to ensure there is sufficient liquidity in the scrip post listing.</p> <p align="justify"><strong><em>In such case, it shall file RHP with SEBI atleast 30 days in advance before filing the same with RoC</em></strong> â SEBI infers!!! </p> <h3>SEBI tooks pains to highlight the clauses of ICDR not complied with, in this link:</h3> <p><a href="http://www.sebi.gov.in//cmorder/SaharaAnnexure.pdf">http://www.sebi.gov.in//cmorder/SaharaAnnexure.pdf</a></p> <p align="justify">SEBI also claims the Prospectus filed by the company is not fully adequate with requisite legal information.  On analysing the above mentioned violation of Companies Act & some other observations by SEBI on the financials had issued an <strong>ad interim, ex-parte Order</strong> vide <a href="http://www.sebi.gov.in//cmorder/SaharaOrder.pdf" target="_blank">WTM/KMA/CFD/316/11/2010</a>. </p> <h3>The Company claims unlisted companies cannot come under the purview of SEBI</h3> <p align="justify">The company deems the order as imprudent and irrational vide its <a href="http://epaper.timesofindia.com/Repository/TOICH/2010/11/28/TOICH_2010_11_28_7.pdf" target="_blank">RESPONSE</a> as this order created a confusion among public that Saharaâs IPO is rejected (which is not at all the case though!!!).  Further, in the interest, image and goodwill of entire Sahara India Pariwar, the company has disclosed the details in its <a href="http://epaper.timesofindia.com/Repository/TOICH/2010/11/28/TOICH_2010_11_28_7.pdf" target="_blank">RESPONSE</a>.</p> <p align="justify"><strong>SEBIâs Order:</strong> <a href="http://www.sebi.gov.in//cmorder/SaharaOrder.pdf" target="_blank">WTM/KMA/CFD/316/11/2010</a></p> <p><strong>Saharaâs Response:</strong> <a href="http://epaper.timesofindia.com/Repository/TOICH/2010/11/28/TOICH_2010_11_28_7.pdf" target="_blank">RESPONSE</a></p> <p align="justify">This case may give an answer to the BERMUDA TRIANGLE of what if issue to <strong>50 or more</strong> persons but less than <strong>1000 persons</strong>.  </p> <ul> <li> <div align="justify">Will the company take the <a href="http://yehseeyes.blogspot.com/2007/10/writs-anantharaman.html" target="_blank">Writ route</a> to re-examine the jurisdiction of SEBI with respect to Section 55A read with Section 73?</div> </li> <li> <div align="justify">Believe, this cannot have the same HAPPY ENDING with <a href="http://yehseeyes.blogspot.com/2009/02/securities-law-important-question-cs.html" target="_blank">Consent Order</a> at later stages.  </div> </li> </ul> <p align="justify"><strong><em>We shall await for the Securities Appellate Tribunalâs (SAT) interesting response.  </em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com18tag:blogger.com,1999:blog-9191919080550540685.post-86328415381491205442010-11-23T17:56:00.001+05:302010-11-23T17:56:46.816+05:30OnlyThisMuch 3rd edition Book Release along with exam winning tips to readers [event invite]<p align="justify"><b>Dear Readers,</b></p> <p align="justify"><b>OnlyThisMuch proudly invites you to be a part of 'OTM' experience as it releases the 3rd edition for CS Executive Program Module-2 on Company law, Economic & Labour laws and Securities laws & Compliances.  This edition comes to you as power tool to tackle examinations and is packed with Power Objectives and solved Past Exam Question papers.</b></p> <b> <p align="justify"> <br /></p> </b> <ol> <li> <div align="justify"><u>What?</u> OnlyThisMuch 3rd edition Book Release along with exam winning tips to readers</div> </li> <li> <div align="justify"><u>When?</u> 24th November 2010 (Tomorrow) @ 0530 PM onwards</div> </li> <li> <div align="justify"><u>Where?</u> Lawlabz Consultancy Pvt Ltd, No. 7/13, South Boag Road, Behind IDBI Bank, T.nagar, Chennai</div> </li> </ol> <p align="justify"><b>We look forward your presence & valuable feedback to make learning a much more interesting experience!!!</b></p> <b> <p> <br /></p> </b> <p><b>More details in <a href="http://www.facebook.com/pages/OnlyThisMuch/171985196164559">http://www.facebook.com/pages/OnlyThisMuch/171985196164559</a> </b></p> <p><strong>For orders: <a title="http://www.a1books.co.in/only-this-much-company-secretary/itemdetail/9380502087/" 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none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><span style="border-collapse: collapse; font-family: arial, sans-serif; font-size: 13px" class="Apple-style-span"> <p style="text-align: justify"><font face="c"><span style="font-size: 11pt">MCA has decided to revise the additional fees payable as per Section 611(2) of the Companies Act, 1956 (except for Form 5) as per below details with effect from <strong>5<sup>th</sup> December 2010.</strong>  Kindly note as per Schedule X, the delayed filing fee shall not exceed <strong>10 times </strong>of the actual filing fee.</span></font></p> <table style="border-bottom: medium none; border-left: medium none; border-collapse: collapse; border-top: medium none; border-right: medium none" border="1" cellspacing="0" cellpadding="0" width="481"><tbody> <tr> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p align="center"><span style="font-size: 11pt"><strong><font face="c">New Period of Delay</font></strong></span><span style="font-size: 11pt"><strong><font face="c">(from 5th December 2010)</font></strong></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p align="center"><span style="font-size: 11pt"><strong><font face="c">Fixed rate of additional fee*</font></strong></span></p> <p align="center"><font face="c"> </font></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p align="center"><span style="font-size: 11pt"><strong><font face="c">Erstwhile Period of Delay </font></strong></span><span style="font-size: 11pt"><strong><font face="c">(before 5th December 2010)</font></strong></span></p> <strong></strong></td> </tr> <tr> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">UPTO 30 days</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">2 times of normal filing fee</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><font face="c"></font></p> <p><font face="c">More than 1 month up to 3 months</font></p> <p><font face="c"></font></p> </td> </tr> <tr> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">More than 30 days and upto 60 days</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">4 times of normal filing fee</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><font face="c"></font></p> <p><font face="c">More than 3 months up to 6 months</font></p> <p><font face="c"></font></p> </td> </tr> <tr> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">More than 60 days and upto 90 days</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">6 times of normal filing fee</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><font face="c"></font></p> <p><font face="c">More than 6 months up to one year</font></p> <p><font face="c"></font></p> </td> </tr> <tr> <td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">More than 90 days</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; border-top-color: windowtext; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><span style="font-size: 11pt"><font face="c">9 times of normal filing fee</font></span></p> </td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; margin: 0px; padding-left: 5.4pt; padding-right: 5.4pt; font-family: arial, sans-serif; border-left-color: windowtext; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in" valign="top"> <p><font face="c"></font></p> <p><font face="c">More than 2 years</font></p> <p><font face="c"></font></p> </td> </tr> </tbody></table> <span style="font-size: 11pt"> <p> <br /><font face="c">Note<strong>*</strong>: The additional fees are payable over and above the normal filing fees.</font></p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><font size="2"> <table style="border-collapse: collapse" id="AutoNumber3" border="1" bordercolor="#111111" cellpadding="2" width="83%"><tbody> <tr> <td valign="top" width="20%" align="left"> <p style="margin: 5px" align="center"><font size="2" face="c"><strong>Form</strong></font></p> </td> <td valign="top" width="33%" align="left"> <p style="margin: 5px" align="center"><font size="2" face="c"><strong>Period of delay</strong></font></p> </td> <td valign="top" width="47%" align="left"> <p style="margin: 5px" align="center"><font size="2" face="c"><strong>Rate of Additional Fees*</strong></font></p> </td> </tr> <tr> <td valign="top" width="20%" align="left"> <p style="margin: 5px"><font size="2" face="c">5</font></p> </td> <td valign="top" width="33%" align="left"> <p style="margin: 5px"><font size="2" face="c">Up to one year</font></p> </td> <td valign="top" width="47%" align="left"> <p style="margin: 5px"><font size="2" face="c">2% of filing fees per month or part thereof of delay</font></p> </td> </tr> <tr> <td valign="top" width="20%" align="left"> <p style="margin: 5px"><font face="c"> </font></p> </td> <td valign="top" width="33%" align="left"> <p style="margin: 5px"><font size="2" face="c">Exceeding one year</font></p> </td> <td valign="top" width="47%" align="left"> <p style="margin: 5px"><font size="2" face="c">2.5% of filing fees per month or part thereof of delay</font></p> </td> </tr> </tbody></table> </font></span> <p> <br /><font face="c">In order to avoid payment of additional fees, please file within stipulated time.</font></p> <p><strong><u>Source:</u></strong> <a href="http://www.mca.gov.in/ Ministry/pdf/AdditionalFee_ 12nov2010.pdf" target="_blank">MCA Additional Filing Fees Link</a> & <a href="http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15" target="_blank">MCA / RoC Fees Calculator online</a></p> </span></span></span> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com4tag:blogger.com,1999:blog-9191919080550540685.post-26092665576256474942010-10-28T21:29:00.001+05:302012-04-14T22:28:38.228+05:30Attend MSOP SMTP online & get your Company Secretary long pending membership (ACS) now - ICSI welcomes more professionals<p align="justify">The Institute of Company Secretaries of India (ICSI) in collaboration with Gurukul Online Learning Solutions (GOLS) have come up with an initiative in the form of <b>e-Management Skills Orientation Program</b> (e-MSOP). The e-MSOP is basically a web-based training (WBT) wherein physical presence of the participant at the venue is not necessary. However, <strong><em>the final decision will depend on the response received</em></strong>. So, send your response now to: the Program Co-ordinator, e-MSOP, ICSI-CCGRT, Plot No. 101, Sector â 15, Institutional Area, CBD Belapur, Navi Mumbai â 400 614.  Phone: (022) 4102 1504 / (022) 27577814 Fax : (022) 2757 4384.  e-mail : <a href="mailto:ccgrt@icsi.edu">ccgrt@icsi.edu</a>  and <a href="mailto:icsiccgrt@gmail.com">icsiccgrt@gmail.com</a> </p> <ol> <li> <div align="justify"><strong>For whom? </strong>A candidate occupying very senior position and who has completed Company Secretaryship Final exams on or before 1st September 2006 are eligible to apply. The decision of the Secretary & CEO whether to allow a candidate or not shall be final.</div> </li> <li> <div align="justify"><strong>How much? </strong>Rs. 5000 (Five Thousand ONLY) per participant.</div> </li> <li> <div align="justify"><strong>What is required? </strong>Connection to the internet, preferably through broadband. A good quality head-set is also necessary.</div> </li> </ol> <p align="justify"><b>Modalities: </b>Participants will be required to log onto the e-portal and participate in the program from their own office or residence.</p> <p align="justify">Any participant who misses a session, will be given access to archived WBT sessions. The schedule will be posted on the web-site. </p> <p align="justify"><strong>Details or Registration in </strong> <a href="http://elearning.icsi.edu/e-msopAnnouncements.html">http://elearning.icsi.edu/e-msopAnnouncements.html</a></p> <p align="justify"><strong><em>Enjoy training & welcome to become an ACS now!!!</em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com22tag:blogger.com,1999:blog-9191919080550540685.post-88716134564166809742010-10-21T11:39:00.001+05:302010-10-21T11:39:42.547+05:30Wholetime practising CS CA CWA can register as Facilitation Centre (CFC) for e-filing of excise, service tax now, website links for application forms given here<p align="justify"><b>Setting up of </b><b>Certified Facilitation Centers (CFCs) under ACES project of the CBEC</b></p> <p align="justify">The ICSI/ICAI/ICWAI is pleased to inform you that the application format and other modalities for setting up of Certified Facilitation Centers (CFCs) under Automation of Central Excise and Service Tax (ACES) project of the Central Board of Excise & Customs (CBEC) has been finalised.</p> <p align="justify">CFCs are set up by Professionals for the purposes of enabling e-filing of applications pertaining to Central Excise, Service tax, etcâŠThe services provided by these CGC entail payment of service charges.</p> <p align="justify">According to the scheme, a member of the ICSI/ICAI/ICWAI having valid Certificate of Practice and having at least one year of experience in practice can apply individually (<strong><em>not in the name of the firm</em></strong>) for registration as CFC after complying with the technical and other requirements as specified in the MOU.  The interested Whole Time Practicising Company Secretary/Chartered Accountant/Cost Accountant may make an online application for registration as CFC through the relevant link on our portal:</p> <ul> <li> <div align="justify">ICSI: <a href="http://www.icsi.edu:8888/cbec">http://www.icsi.edu:8888/cbec</a></div> </li> <li> <div align="justify">ICAI: <a href="http://www.icai.org/post.html?post_id=5737&c_id=219">http://www.icai.org/post.html?post_id=5737&c_id=219</a></div> </li> <li> <div align="justify">ICWAI: <a href="http://www.icwai.org/icwai/institute-cbec.asp">http://www.icwai.org/icwai/institute-cbec.asp</a></div> </li> </ul> <p align="justify">The applicants are requested to note that he/she shall have to make a payment of Rs.1000/- only (non-refundable) towards application fees.</p> <p><strong><em>Enjoy certifyinâŠ</em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-41275186061168923842010-10-13T19:31:00.001+05:302010-10-13T19:31:20.688+05:30Vacany in SEBI; Job for CS/CA/CWA freshers & more; apply before 31st of October 2010 - Hurry up, go for examination now<p align="justify">SEBI looking out your Curriculum Vitae or Biodata for over 90 posts.  Yes, an opportunity to work with the Market Regulator awaits you.  The post ranges from varied branch of qualification from Law to MBA to CA/CWA, etc⊠Interestingly, CTC is also good (Rs. 8.8 lakhs (approx) p.a.).</p> <h3>Brilliant opportunity for Freshers UPTO 27 years</h3> <p align="justify">As a Company Secretary/Chartered/Cost Accountant or CFA, you may join us an Asst. Manager, Officer Grade A â General Stream IF you could prove yourself well in an examination on i) English Language, ii) Quantitative Aptitude, iii) Reasoning ability and iv) General Awareness, of Objective type (Multiple Choice) for 200 marks will be held on Sunday, 05/12/2010. Candidates would have to secure minimum marks separately for each test as decided by the Board, based on Group Performance <strong><em>followed</em></strong> by an Interview.</p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"> <table style="width: 390px; height: 242px" border="0" cellspacing="2" cellpadding="2" width="390" align="center"><tbody> <tr> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" align="left"><a style="font-family: tahoma; color: rgb(0,137,207); font-size: 12px; font-weight: bold; text-decoration: underline" id="LinkButton1" class="disability" href="http://app7.ibps.in/"> <br class="Apple-interchange-newline" />APPLY ONLINE</a></td> </tr> <tr> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" width="25" align="center"><img src="http://app7.ibps.in/sebi/images/bullet1.gif" width="7" height="11" /></td> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" align="left"><a style="font-family: tahoma; color: rgb(0,137,207); font-size: 12px; font-weight: bold; text-decoration: underline" id="LinkButton3" class="disability" href="http://app7.ibps.in/">APPLICATION PRINTOUT REPRINT</a></td> </tr> <tr> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" align="center"><img src="http://app7.ibps.in/sebi/images/bullet1.gif" width="7" height="11" /></td> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" align="left"><a style="font-family: tahoma; color: rgb(0,137,207); font-size: 12px; font-weight: bold; text-decoration: underline" id="LinkButton2" class="disability" href="http://app7.ibps.in/">EDIT/UPDATES APPLICATION DETAILS</a></td> </tr> <tr> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" align="center"> </td> <td style="padding-bottom: 5px; background-color: rgb(210,224,252); padding-left: 5px; bottom: 5px; padding-right: 5px; font-family: tahoma; height: 18px; color: rgb(0,0,0); font-size: 12px; top: 5px; right: 5px; font-weight: normal; padding-top: 5px; left: 5px" class="tablecontent1" align="left"> <table border="0" width="100%"><tbody> <tr> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" width="41%" align="left">Date of Commencement of Application</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" width="1%">:</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" width="58%" align="left">12/10/2010</td> </tr> <tr> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">Date of Closure</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails">:</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">31/10/2010</td> </tr> <tr> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">Start Date for Fee deposit</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails">:</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">09/10/2010</td> </tr> <tr> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">Last Date for Fee deposit</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails">:</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">31/10/2010</td> </tr> <tr> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">Last Date for Reprint</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails">:</td> <td style="padding-bottom: 0px; padding-left: 0px; padding-right: 0px; font-family: tahoma; color: rgb(0,0,0); font-size: 12px; font-weight: bold; text-decoration: none; padding-top: 0px" class="personaldetails" align="left">15/11/2010</td> </tr> </tbody></table> </td> </tr> </tbody></table> </span> <p align="justify"> <br />More details on October 08, 2010 - <a href="http://www.sebi.gov.in/asstmanager.pdf">SEBI Recruitment Exercise â 2010</a> </p> <p align="justify"><a href="http://app7.ibps.in/sebi">Click here to Apply Online</a></p> <p align="justify"><strong><em>Keep me posted on your selection.  Apply now to regret it later.  Never to miss opportunity!!! </em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-27221534404228002172010-10-13T10:10:00.001+05:302010-10-13T10:10:35.755+05:30Monthly Portfolio Management Activity report to be filed within 5 days of month at SEBI portal - Revised format<p align="justify"><strong>Sub: Monthly reporting by Portfolio Managers <br /></strong>Please refer to <a href="http://www.sebi.gov.in/circulars/2009/imdpmscir032009.html" target="_blank">SEBI circular SEBI/IMD/PMS/CIR-3/2009</a> dated June 11, 2009 regarding submission of monthly report by portfolio managers.</p> <p align="justify">The format for the monthly report on portfolio management activity has been revised as per enclosed Annexure. All portfolio managers are advised to upload the report in the revised format on SEBI Portal by the 5th of the following month with effect from the report for the month of October 2010 onwards.</p> <p>Procedure to upload monthly report on portal is as follows:</p> <p>a. Log on to SEBI Portal at <u><a href="https://portal.sebi.gov.in/">https://portal.sebi.gov.in</a>.</u> using the Username and Password provided at the time of Registration/ Renewal as a portfolio manager.</p> <p>b. Select the portfolio manager tab</p> <p>c. Select the link: PM Monthly Report</p> <p>d. Fill the data in the format provided</p> <p>e. Save the data and then Submit.</p> <h3><a href="http://www.sebi.gov.in//circulars/2010/cirimddf14.pdf" target="_blank">Download Revised PM Monthly Report</a></h3> <p><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirimddf14.pdf" target="_blank">Cir. /IMD/DF/14/2010 dated 8th October 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-19232440191575090232010-10-10T19:44:00.001+05:302010-10-10T19:44:00.836+05:30How to get MCA updates in SMS or email through RSS feeds in your mobile or account - Ministry of Corporate Affairs commendable initiative to Free Registered Users<p align="justify">All types of MCA users (with login facility â whether registered/business) now have an option to get ALERTS of happenings/updates from Ministry of Corporate Affairs through Short Messaging Service (SMS) in addition to the e-mail updates through RSS feeds now by signing up for your Account in the MCA portal (<a href="http://www.mca.gov.in">www.mca.gov.in</a> ) and then Click this link: </p> <h3 align="center"><a href="http://www.mca.gov.in/DCAPortalWeb/dca/userSelfRegDtls.do?method=getMobileDetails&sessioncheck=yes" target="_blank">Register for SMS Alerts<img src="http://www.mca.gov.in/MCA21/images/new.gif" /></a></h3> <p align="justify">Which will ask for your 10 digit mobile number and get itself updated with your records thereon.  If you donât have an account in MCA then you have the option to register as a Registered User for FREE from <a href="http://www.mca.gov.in/DCAPortalWeb/dca/userSelfRegDtlsone.do?method=startScreen&sessioncheck=yes">New User</a> and then subscribe for the said update.</p> <h3 align="justify">How to get MCA RSS Feeds in e-mail? </h3> <p align="justify">What is RSS feeds? It is as simple as how to get MCA news updates through e-mail.  Just follow with this easy step & keep learning:</p> <p align="justify">Open <a href="http://www.feedmyinbox.com/">http://www.feedmyinbox.com/</a> and then enter <a href="http://www.mca.gov.in/Ministry/latestnews/MinistryNews.rss">http://www.mca.gov.in/Ministry/latestnews/MinistryNews.rss</a> in the box given next to Website or Feed URL (as shown below) and your Email Address in the Next box, follow it by clicking SUBMIT.</p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><span style="line-height: 18px; font-family: arial, helvetica, sans-serif; font-size: 22px" class="Apple-style-span"><b><span style="line-height: 12px; font-family: 'Lucida Grande', geneva, tahoma, helvetica, sans-serif; font-size: 12px; font-weight: normal" class="Apple-style-span"> <div align="justify"> <div style="position: relative; padding-bottom: 0px; border-right-width: 0px; background-color: transparent; margin: 39px 0px 3em; padding-left: 0px; outline-width: 0px; width: 571px; padding-right: 0px; border-top-width: 0px; border-bottom-width: 0px; height: 292px; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 0px; background-origin: initial; background-clip: initial" id="homeMain"><form style="padding-bottom: 0px; border-right-width: 0px; background-color: transparent; margin: 0px; padding-left: 0px; outline-width: 0px; padding-right: 0px; border-top-width: 0px; border-bottom-width: 0px; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 0px; background-origin: initial; background-clip: initial" method="post" action="http://www.feedmyinbox.com/feeds/subscribe/"><fieldset style="background-image: url(http://www.feedmyinbox.com/images/home_main_top.jpg); position: absolute; padding-bottom: 0px; border-right-width: 0px; margin: 0px; padding-left: 0px; outline-width: 0px; width: 354px; bottom: 79px; padding-right: 0px; background-position: 0% 0%; border-top-width: 0px; border-bottom-width: 0px; height: 236px; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 0px; left: 146px; background-origin: initial; background-clip: initial"> <ul style="padding-bottom: 3em; line-height: 1.5em; border-right-width: 0px; background-color: transparent; list-style-type: none; margin: 0px; padding-left: 5em; outline-width: 0px; padding-right: 5em; border-top-width: 0px; border-bottom-width: 0px; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 3em; background-origin: initial; background-clip: initial"> <li style="padding-bottom: 0.7em; border-right-width: 0px; background-color: transparent; margin: 0.3em 0px; padding-left: 0px; outline-width: 0px; padding-right: 0px; border-top-width: 0px; border-bottom-width: 0px; clear: both; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 0.7em; background-origin: initial; background-clip: initial"><label style="padding-bottom: 0px; border-right-width: 0px; background-color: transparent; margin: 0px; padding-left: 0px; outline-width: 0px; width: 245px; padding-right: 0px; font-family: arial, helvetica, sans-serif; float: left; border-top-width: 0px; border-bottom-width: 0px; letter-spacing: 0px; clear: right; font-size: 1.8em; vertical-align: baseline; border-left-width: 0px; font-weight: bold; padding-top: 0.8em; background-origin: initial; background-clip: initial" for="url">Website or Feed URL</label><input style="border-bottom: rgb(119,119,119) 1px solid; border-left: rgb(119,119,119) 1px solid; padding-bottom: 0.7em; margin: 0px; padding-left: 1em; width: 250px; padding-right: 1em; float: right; letter-spacing: 0px; color: rgb(124,123,123); font-size: 1.6em; border-top: rgb(119,119,119) 1px solid; border-right: rgb(119,119,119) 1px solid; padding-top: 0.7em; border-top-left-radius: 6px 6px; border-top-right-radius: 6px 6px; border-bottom-right-radius: 6px 6px; border-bottom-left-radius: 6px 6px" id="subUrl" name="url" /> </li> <li style="padding-bottom: 0.7em; border-right-width: 0px; background-color: transparent; margin: 0.3em 0px; padding-left: 0px; outline-width: 0px; padding-right: 0px; border-top-width: 0px; border-bottom-width: 0px; clear: both; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 0.7em; background-origin: initial; background-clip: initial"><label style="padding-bottom: 0px; border-right-width: 0px; background-color: transparent; margin: 0px; padding-left: 0px; outline-width: 0px; width: 245px; padding-right: 0px; font-family: arial, helvetica, sans-serif; float: left; border-top-width: 0px; border-bottom-width: 0px; letter-spacing: 0px; clear: right; font-size: 1.8em; vertical-align: baseline; border-left-width: 0px; font-weight: bold; padding-top: 0.8em; background-origin: initial; background-clip: initial" for="email">Your Email Address</label><input style="border-bottom: rgb(119,119,119) 1px solid; border-left: rgb(119,119,119) 1px solid; padding-bottom: 0.7em; margin: 0px; padding-left: 1em; width: 250px; padding-right: 1em; float: right; letter-spacing: 0px; color: rgb(124,123,123); font-size: 1.6em; border-top: rgb(119,119,119) 1px solid; border-right: rgb(119,119,119) 1px solid; padding-top: 0.7em; border-top-left-radius: 6px 6px; border-top-right-radius: 6px 6px; border-bottom-right-radius: 6px 6px; border-bottom-left-radius: 6px 6px" id="subEmail" name="email" /> </li> <li style="padding-bottom: 0.7em; border-right-width: 0px; background-color: transparent; margin: 0.3em 0px; padding-left: 0px; outline-width: 0px; padding-right: 0px; border-top-width: 0px; border-bottom-width: 0px; clear: both; font-size: 12px; vertical-align: baseline; border-left-width: 0px; padding-top: 0.7em; background-origin: initial; background-clip: initial"><input style="background-image: url(http://www.feedmyinbox.com/images/sprite.png); padding-bottom: 0px; border-right-width: 0px; text-indent: -9000px; margin: 0.4em 0px 0px 188px; padding-left: 0px; width: 172px; padding-right: 0px; display: block; background-position: 0px -123px; float: none; border-top-width: 0px; border-bottom-width: 0px; letter-spacing: 0px; height: 59px; color: rgb(124,123,123); font-size: 1.6em; border-left-width: 0px; padding-top: 0px; background-origin: initial; background-clip: initial; border-top-left-radius: 6px 6px; border-top-right-radius: 6px 6px; border-bottom-right-radius: 6px 6px; border-bottom-left-radius: 6px 6px" id="submitBtn" class="spt" type="submit" name="submit" /> </li> </ul> </fieldset></form></div> </div> </span></b></span></span> <p align="justify"> </p> <p align="justify">Now you will receive a mail in the given email id asking for your CONFIRMATION, clicking the link in the mail will help you to get MCA updates right in your email box.</p> <p align="justify">Do you want specific Updates @<strong><em>Yehseeyes</em></strong> style on various Corporate laws through e-mail, then you may follow the same steps in this link: | <a href="http://feedburner.google.com/fb/a/mailverify?uri=yehseeyes">Subscribe to Blog</a>.</p> <p align="justify">Enjoy updating (<em>your knowledge</em>).</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-84341596108606659652010-09-06T17:10:00.001+05:302010-09-06T17:10:10.277+05:30ICSI's New Website, Online purchase of magazines like Chartered Secretary, Student concessions, Company Secretary National Convention 2010 articles - Subscribe now<p align="justify">The Institute of Company Secretaries of India (ICSI) has 3 websites now,</p> <ol> <li> <div align="justify"><a href="http://www.icsi.edu">www.icsi.edu</a> representing ICSI </div> </li> <li> <div align="justify"><a href="http://www.icsi.in">www.icsi.in</a> for Members & Students of ICSI </div> </li> <li> <div align="justify"><a title="http://knowledge.icsi.edu" href="http://knowledge.icsi.edu">http://knowledge.icsi.edu</a>, an online e-commerce site for students, members & others which is accessible on payment basis to buy publications of ICSI, recent updates on various laws, etc⊠ The site plans are detailed hereunder: </div> </li> </ol> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><span class="Apple-style-span"> <div align="justify"> <table style="text-align: center; width: 587px; padding-right: 5px; font-family: arial, helvetica, sans-serif; color: rgb(51,51,51); margin-left: 0px; font-size: 13px; text-decoration: none" class="text13" border="0" cellspacing="0" cellpadding="0"><tbody> <tr style="line-height: 1.3em; background-color: rgb(240,226,212); font-family: arial, sans-serif; height: 24px; color: rgb(129,18,35); font-size: 12px; font-weight: bold" class="tableheader_bg table_text12_bold_red"> <td style="width: 34px">Sr. No.</td> <td style="width: 145px">Plan</td> <td style="width: 184px">Special launch offer by the end of September 2010 (Rs.)*</td> <td style="width: 159px">Regular Plan by the end of March 2011 (Rs.)*</td> </tr> <tr style="padding-bottom: 12px; background-color: rgb(255,255,255); padding-top: 12px" class="TabResultInt" bgcolor="#ffffff"> <td style="text-align: left; width: 34px">1</td> <td style="text-align: left; width: 145px">Student</td> <td style="width: 184px">1500</td> <td style="width: 159px">2000</td> </tr> <tr style="padding-bottom: 12px; background-color: rgb(242,246,246); padding-top: 12px" class="TabIntAlternate" bgcolor="#ffffff"> <td style="text-align: left; width: 34px">2</td> <td style="text-align: left; width: 145px">Member in practice</td> <td style="width: 184px">2250</td> <td style="width: 159px">3150</td> </tr> <tr style="padding-bottom: 12px; background-color: rgb(255,255,255); padding-top: 12px" class="TabResultInt" bgcolor="#ffffff"> <td style="text-align: left; width: 34px">3</td> <td style="text-align: left; width: 145px">Member in employment</td> <td style="width: 184px">2500</td> <td style="width: 159px">3500</td> </tr> <tr style="padding-bottom: 12px; background-color: rgb(242,246,246); padding-top: 12px" class="TabIntAlternate" bgcolor="#ffffff"> <td style="text-align: left; width: 34px">4</td> <td style="text-align: left; width: 145px">Other</td> <td style="width: 184px">4500</td> <td style="width: 159px">5500</td> </tr> <tr style="padding-bottom: 12px; background-color: rgb(255,255,255); padding-top: 12px" class="TabResultInt" bgcolor="#ffffff"> <td style="text-align: left; font-size: x-small" colspan="4">*Subscription valid for one year from the date of registration. All applicable taxes are extra.</td> </tr> </tbody></table> </div> </span></span> <p align="justify">No information from <a href="http://knowledge.icsi.edu">http://knowledge.icsi.edu</a> is available free of cost, hence the above mentioned subscription plans to get a login id & password.  But, <strong><em>You have an option to:</em></strong> </p> <h3 align="justify"><a href="http://knowledge.icsi.edu/PostQuery.aspx?Login=False" target="_blank">Post Your Query</a></h3> <p align="justify">This will get you the supportive references such as legal provisions, case law etc for your legal research query even if you are not an existing subscriber of eJurix. We may need to interact with you to clarify your query if required. Cost estimation will depend upon the complexity of the query and will be conveyed to you after analyzing the same. You will receive a response to your query within 4 working days of receiving the payment.</p> <h3>38th National Convention of ICSI 2010 @ Kolkata</h3> <p align="justify">The following Articles are the must read-through which are published by learned professionals on various topics of relevance as a part of ICSI convention theme â <strong><em>India Inc & Inclusive growth</em></strong>.  The topics include Micro, Small, Medium Enterprises, Corporate Social Responsibility, Corporate Governance, Direct Tax Code, Goods & Services Tax, etcâŠdownload the same from the following links:</p> <div align="justify"> <table border="1" cellspacing="0" cellpadding="2" width="670"><tbody> <tr> <td valign="top" width="668"> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NNTRlNThmMzQtYzE2ZC00ZDZmLTkzOWEtOTg0ZWYxODdjNTY4&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NNTRlNThmMzQtYzE2ZC00ZDZmLTkzOWEtOTg0ZWYxODdjNTY4&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NMDkyYTU2ZTgtMDNkMy00ZGY2LWJjMTYtMjllZmYzZGQxYjE1&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NMDkyYTU2ZTgtMDNkMy00ZGY2LWJjMTYtMjllZmYzZGQxYjE1&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NNGI5YmMzYTUtYjc4MC00ZjE0LTkwNDItZmU0YmI2NGE0NGVj&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NNGI5YmMzYTUtYjc4MC00ZjE0LTkwNDItZmU0YmI2NGE0NGVj&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NMmFhMTdkMmItZTMyYy00ZGU0LTgxYTEtODg4Zjk5OGVmYzUy&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NMmFhMTdkMmItZTMyYy00ZGU0LTgxYTEtODg4Zjk5OGVmYzUy&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NOTdjNzhkNDktZjI1My00NmY1LTg3NGQtZTJjMzZjZmI5ZDM5&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NOTdjNzhkNDktZjI1My00NmY1LTg3NGQtZTJjMzZjZmI5ZDM5&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NMjJjY2RiOTItYzQzZS00MmYxLThkYzItMmNkZjMxNmQ1OTI3&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NMjJjY2RiOTItYzQzZS00MmYxLThkYzItMmNkZjMxNmQ1OTI3&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NN2U5MzM5YTQtMGJiYi00MTQwLWExYTAtYjAxODY4MjFjNWZj&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NN2U5MzM5YTQtMGJiYi00MTQwLWExYTAtYjAxODY4MjFjNWZj&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NYjI0N2UzZjUtNmYxMC00MTYxLWEzODgtNjFiOWUyYmY3OTFh&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NYjI0N2UzZjUtNmYxMC00MTYxLWEzODgtNjFiOWUyYmY3OTFh&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NMWNiYzhlZTUtNzExOC00NTNhLThlNWUtMDkxYTVlMmYwNzU4&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NMWNiYzhlZTUtNzExOC00NTNhLThlNWUtMDkxYTVlMmYwNzU4&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NZjU2NWU3OTktNTYxMi00Mjg5LThmOTMtZDIwYTk0MjFkOTUz&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NZjU2NWU3OTktNTYxMi00Mjg5LThmOTMtZDIwYTk0MjFkOTUz&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NYmQ3MWZlMDItYTBmZC00ZGU5LWI1ZDctZDMxNDY4YzMzNjM2&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NYmQ3MWZlMDItYTBmZC00ZGU5LWI1ZDctZDMxNDY4YzMzNjM2&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NNzJhYmUxZTgtYmMzZS00OTQ1LWJhNjgtMWM4NGVkZjRiYTVi&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NNzJhYmUxZTgtYmMzZS00OTQ1LWJhNjgtMWM4NGVkZjRiYTVi&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NNjdiZTNiYjEtNmEyNi00NmNkLWI5NTUtYjUyY2M4OGFmOWMx&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NNjdiZTNiYjEtNmEyNi00NmNkLWI5NTUtYjUyY2M4OGFmOWMx&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NNTg0ODhkODMtYjVmOS00ODUwLWEwMjctOGRhNmQ4YTE2YzNh&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NNTg0ODhkODMtYjVmOS00ODUwLWEwMjctOGRhNmQ4YTE2YzNh&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NMDU2OTE3OGEtMzMwZi00NTM5LWI4YTctNmFiNjhjOTFiY2Rj&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NMDU2OTE3OGEtMzMwZi00NTM5LWI4YTctNmFiNjhjOTFiY2Rj&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NMzE3YmFkNmEtOTE2MC00ZDdiLTlmMjUtNDFhYTU0YTk0NWIz&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NMzE3YmFkNmEtOTE2MC00ZDdiLTlmMjUtNDFhYTU0YTk0NWIz&hl=en</a></p> <p><a href="https://docs.google.com/leaf?id=0B-36NqCFw_7NZDhhMWQ5OTQtZDAwYS00MmUwLTg1MTgtNTY5ZDRkOGIwOTJh&hl=en" target="_blank">https://docs.google.com/leaf?id=0B-36NqCFw_7NZDhhMWQ5OTQtZDAwYS00MmUwLTg1MTgtNTY5ZDRkOGIwOTJh&hl=en</a></p> <p><a href="https://docs.google.com/present/edit?id=0Ae36NqCFw_7NZGQ2aGJteDJfMTEyZ253bXB2a2I&hl=en" target="_blank">https://docs.google.com/present/edit?id=0Ae36NqCFw_7NZGQ2aGJteDJfMTEyZ253bXB2a2I&hl=en</a></p> </td> </tr> </tbody></table> </div> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com30tag:blogger.com,1999:blog-9191919080550540685.post-1780668873466579852010-08-23T21:44:00.001+05:302010-08-23T21:44:14.503+05:30Investments in shares for holding stake in group companies but NOT for trading or anyother financial activity requires RBI NBFC Registration as Core Investment Company if asset size is Rs. 100 crores<p align="justify"><strong><u>Regulatory Framework for Core Investment Companies (CICs)</u></strong></p> <p align="justify">The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly as investments in shares for holding stake in group companies <strong>but not for trading</strong>, and also do not carry on any other financial activity, i.e., Core Investment Companies, (CICs), justifiably deserve a <strong>differential treatment </strong>in the regulatory prescription applicable to Non-Banking Financial Companies which are non deposit taking and systemically important.</p> <p align="justify">1. Core Investment Company (CIC) means:</p> <p align="justify">A Non Banking Finance Company (NBFC) carrying on the business of acquisition of shares and securities which satisfies the following conditions:-</p> <ul> <li> <div align="justify">it holds atleast 90% of Total Assets as investment in equity shares, preference shares, debt or loans in group companies;</div> </li> <li> <div align="justify">its investments in the equity shares (including instruments compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue) in group companies constitutes atleast 60% of its Total Assets;</div> </li> <li> <div align="justify">it does <strong>not trade</strong> in its investments in shares, debt or loans in group companies <strong>except</strong> through <strong>block sale</strong> for the purpose of <strong>dilution</strong> or <strong>disinvestment</strong>;</div> </li> <li> <div align="justify">it does not carry on any other financial activity referred to in Section 45I(c) and 45I(f) of the RBI Act, 1934 <strong>except</strong> investment in bank deposits, money market instruments, government securities, loans and investments in debt issuances of group companies or guarantees issued on behalf of group companies.</div> </li> </ul> <p align="justify"><strong><u>Note:</u></strong> Registered CIC can hold or accept public deposit.</p> <p align="justify">2. CIC with an asset size of Rs. 100 crores or more, will be regarded as Non Deposit Taking Systemically Important (<strong>CICs-ND-SI</strong>) and <strong>requires registration</strong> with RBI.</p> <p align="justify">3. A CIC-ND-SI which fulfills the following conditions , will <strong>not</strong> be required to meet the requirement for maintaining Net Owned Funds  (<strong>NOF</strong>) & <strong>capital adequacy and exposure norms</strong> as required under Non-Banking Financial (Non-Deposit Accepting or holding)  Companies Prudential Norms (Reserve Bank) Directions, 2007</p> <ul> <li> <div align="justify">Maintenance of minimum Capital Ratio where Adjusted Net Worth is atleast <strong>30% of its Aggregate Risk Weighted Assets</strong> on Balance Sheet and risk adjusted value off-balance sheet items as on the date of the last audited Balance Sheet  at the end of the financial year.</div> </li> <li> <div align="justify">Ensuring that itâs outside liabilities at all times is <strong>UPTO </strong>2.5 times of the Adjusted Net Worth as on last audited Balance Sheet date.</div> </li> </ul> <p align="justify">4. All CICs-ND-SI, whether they are exempted in the past from registration with RBI or not, should apply to the RBI for obtaining Certificate of Registration within a period of 6 months from 12th August 2010 (i.e) within 11th February 2010.</p> <p align="justify">5. Companies which presently have an asset size of less than Rs 100 crores would be required to apply to RBI for Certificate of Registration <strong>within 3 months</strong> of achieving a Balance Sheet size of Rs. 100 crores.</p> <p align="justify">6. CICs-ND-SI will be required to submit an Annual Certificate from their statutory auditors regarding compliance with the above guidelines <strong>within 1 month</strong> from the date of finalisation of the Balance-Sheet.</p> <p align="justify"><strong>Source:</strong>  <a href="http://rbidocs.rbi.org.in/rdocs/notification/PDFs/ICICNO97D130810.pdf" target="_blank">RBI/2010-11/168 DNBS (PD) CC.No. 197/03.10.001/2010-11 dated 12th August 2o1o</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-81013915183612047572010-08-23T21:12:00.001+05:302010-08-23T21:12:14.288+05:30FEMA Contravention clarification, whether technical/minor is what RBI has to decide and not on own motion or on basis of external advice BUT in nature of interest, apply compounding @ earliest opportunity & how to enter into composition<p align="justify"><b>RBI clarifies on compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999</b></p> <p align="justify">The Reserve Bank of India has clarified that whether contraventions under Foreign Exchange Management Act (FEMA) are to be treated as technical and/ or minor or serious would be <strong>decided by the Reserve Bank</strong> on the merits of the case. The case would accordingly be disposed of keeping in view the <strong>procedure</strong> notified in this regard. It has urged that persons who have contravened provisions of FEMA should not take upon themselves, <em>suo moto</em> or on the basis of external advice, to decide whether a particular contravention is of a technical or minor in nature and, hence, <strong>no compounding application need</strong> be submitted to the Reserve Bank. </p> <p align="justify"> </p> <p align="justify">The Reserve Bank has further clarified that if such applications for compounding are not made, the person concerned shall expose himself/herself to such action under the provisions of FEMA as the authorities may deem appropriate. The persons concerned should, therefore, in their own interest, submit their applications for compounding of contravention under FEMA to the Reserve Bank at the earliest opportunity.</p> <p align="justify"> </p> <p align="justify">It may be recalled that in terms of <a href="http://yehseeyes.blogspot.com/2010/08/violated-foreign-exchange-laws-on.html" target="_blank">A.P.(DIR Series) Circular No. 56 dated June 28, 2010</a>, the Reserve Bank had notified the process of compounding which has been further rationalised and streamlined to enhance transparency and effect smooth implementation of the compounding process and understand the same from <a href="http://yehseeyes.blogspot.com/2010/08/violated-foreign-exchange-laws-on.html"><strong></strong></a></p> <h3 align="justify"><a href="http://yehseeyes.blogspot.com/2010/08/violated-foreign-exchange-laws-on.html"><strong>Violated Foreign Exchange laws: on becoming aware of the contravention, disclose it to RBI to save huge penalty of 2 lakhs or 3 times the amount involved in transaction [Compounding Master Circular]</strong></a></h3> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/IEPR234RBIF0810.pdf" target="_blank">RBI Press Release No. 2010-2011/234 dated 13th August 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-16993254048632548312010-08-19T10:35:00.001+05:302010-08-19T10:35:50.503+05:30Download Referencer on Secretarial Audit under Corporate Governance Voluntary Guidlines for Company Secretaries issued by ICSI, good read through<p align="justify">The Ministry of Corporate Affairs (MCA), Government of India released CORPORATE GOVERNANCE VOLUNTARY GUIDELINES 2009 on December 21, 2009. The preamble to Guidelines states that âThese guidelines provide for a set of good practices which may be voluntarily adopted by the Public companies. Private companies, particularly the bigger ones, may also like to adopt these guidelines.â <br /></p> <p align="justify">The Guidelines, amongst other things, recommend the introduction of Secretarial Audit. Para V of the Guidelines states that : </p> <p align="justify"><strong><em>âSince the Board has the overarching responsibility of ensuring transparent, ethical and responsible governance of the company, it is important that the Board processes and compliance mechanisms of the company are robust. To ensure this, the companies may get the Secretarial Audit conducted by a competent professional. The Board should give its comments on the Secretarial Audit in its report to the shareholders.â <br /></em></strong></p> <p align="justify">Companies, which do not adopt these guidelines, either fully or partially, are expected to inform their shareholders about the reasons for not adopting these Guidelines. This is in consonance with the popular doctrine of âComply or Explainâ. The Board should give its comments on the Secretarial Audit in Directorsâ Report as provided in Para V of the Guidelines.</p> <h3 align="justify"><a href="http://www.icsi.edu/Portals/0/REFERENCER%20ON%20SECRETARIAL%20AUDIT.pdf" target="_blank">Download Reference on Secretarial Audit issued by the Institute of Company Secretaries of India (ICSI) for the purpose of Corporate Governance Voluntary Guidelines</a></h3> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-48193456234811820562010-08-19T10:29:00.001+05:302010-08-19T10:29:06.319+05:30All investor related documents of MF like PAN, KYC, PoA specimen signature shall be updated by AMC/RTA & get it audited - Mandatory for all new schemes also<p align="justify"><strong>Updation of investor related documents</strong> <br />SEBI vide <a href="http://yehseeyes.blogspot.com/2009/12/no-noc-while-changing-mf-distributor.html" target="_blank">circular No. SEBI/IMD/CIR No.12 /186868 /2009 dated December 11, 2009</a> has inter alia advised mutual funds to confirm whether all the investor related documents are maintained/ available with them. Further in case the investor related documentation was incomplete, the trustees of the mutual funds were advised <strong>not to make further payment</strong> to such distributors till full compliance/ completion of the steps enumerated in the said circular and to send a status to SEBI as and when process is completed to satisfaction. <br /></p> <p align="justify">SEBI has not received any confirmation from the trustees of the mutual funds on the completion of the process as mandated in the said circular. Thus it appears that all the investor related documentation is not available with the AMCs. It has been observed that due to such incomplete documentation investorsâ rights to approach the AMCs directly are restricted and investors are forced to depend on the distributors for executing any financial or non-financial transactions. <br /></p> <p align="justify">In order to ensure that investors have unrestricted access to AMCs and to enable AMCs to provide prompt investor service including execution of investorsâ financial or non-financial transactions, all mutual funds/ AMCs are directed that: <br />All new folios/ accounts shall be <strong>opened only after </strong>ensuring that all investor related documents including account opening documents, PAN, KYC, PoA (if applicable), specimen signature are available with AMCs/RTAs and not just with the distributor. <br />For existing folios, AMCs shall be responsible for updation of the investor related documents including account opening documents, PAN, KYC, PoA (if applicable), specimen signature <strong>by November 15, 2010</strong>. <br /></p> <p align="justify">The trustees shall submit a confirmation after they receive certification from an <strong>Independent auditor</strong> on completion of the said process latest by November 22, 2010. <br /></p> <p align="justify">Mutual Funds/Asset Management Companies shall comply with the above requirements in letter and spirit.</p> <p><strong>Source: </strong><a href="http://www.sebi.gov.in//circulars/2010/cirimd09.pdf" target="_blank">SEBI Cir / IMD / DF / 9 / 2010 dated 12th August 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-27779525283687583512010-08-19T10:20:00.001+05:302010-08-19T10:20:38.140+05:30All amended SEBI circulars on Arbitration mechanism in stock exchange as governed by Arbitration & Conciliation Act, 1996<p align="justify"><strong>Revised Arbitration Mechanism in Stock Exchanges</strong> <br />In consultation with the stock exchanges, it has been decided to streamline the arbitration mechanism available at stock exchanges for arbitration of disputes (claims, complaints, differences, etc.) arising between a client and a member (Stock Broker, Trading Member and Clearing Member) across various market segments. <br /></p> <p align="justify">A stock exchange shall provide an arbitration mechanism for settlement of disputes between a client and a member through arbitration proceedings in accordance with the provisions of this Circular read with Section 2(4) of the Arbitration and Conciliation, Act, 1996.</p> <p align="justify">This circular <strong><a href="http://www.sebi.gov.in//circulars/2010/cirmrd24.pdf" target="_blank">CIR/MRD/DSA/24/2010 dated 11th August 2010</a></strong> modifies provisions relevant to arbitration, contained in the following SEBI Circulars:- <br />i. <a href="http://www.sebi.gov.in/circulars/2010/mrdcir10.pdf" target="_blank">Master Circular as on 31st March 2010</a> <br />ii. SEBI/MRD/DSA-OIAE/Cir-09/2010 dated April 1, 2010 <br />iii. CIR/MRD/DSA/10/2010 dated April 6, 2010</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-88977314059457573422010-08-19T10:15:00.001+05:302010-08-19T10:15:37.088+05:30SEBI Clarification: AMC Addendum:all mutual fund schemes in demat form shall be freely transferable from 1st October, 2010 (except ELSS)<p align="justify"><strong>Transferability of Mutual Fund units</strong></p> <p align="justify">Regulation 37(1) of SEBI (Mutual Fund) Regulations, 1996 states that: </p> <p align="justify"><strong><em>âa unit unless otherwise restricted or prohibited under the scheme, shall be freely transferable by act of parties or by operation of law.â</em></strong></p> <p align="justify">The spirit and intention of this regulation is not to prohibit transferability of units as a general rule or practice. However, it is noticed that mutual fund schemes prohibit transfer on a regular basis instead of on an exceptional basis. <br /></p> <p align="justify">In order to facilitate transferability of units of mutual funds held in one demat account to another demat account, it has been decided that all Asset Management Companies (AMCs) shall <strong>clarify by way of an addendum</strong> that units of all mutual fund schemes held in demat form shall be freely transferable from the date of the issue of said addendum which shall be not later than October 1, 2010. However, <strong>restrictions on transfer of units of Equity Linked Savings Schemes (ELSS) during the lock-in period</strong> shall continue to be applicable as per the ELSS Guidelines.</p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//cms/circulars/cirimddf102010.pdf" target="_blank">SEBI CIR/IMD/DF/10/2010 dated 18th August 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-89046339169547197622010-08-19T10:04:00.001+05:302010-08-19T10:04:35.284+05:30New format of disclosure of derviatives by Mutual Fund & investment/exposure norms amended<p align="justify"><strong>Review of norms for investment and disclosure by Mutual Funds in derivatives <br /></strong>Please refer to the circular DNPD/CIR-29/2005 dated September 14 2005, circular MFD/CIR/9/120/2000 dated November 24 2000, and SEBI circular MFD/CIR/18337/2002 dated September 19, 2002 on investment in derivatives by mutual funds and disclosures thereof in half yearly portfolio statement. <br /></p> <p align="justify">In order to have prudential limits for derivative investments by mutual funds and to bring in transparency and clarity in the disclosure of the same to investors, it has been decided to bring in certain modification in the aforesaid circulars.</p> <p align="justify"><strong>Disclosure of derivatives in Half Yearly Portfolios</strong> <br />The manner of disclosure of derivatives position in half yearly portfolio disclosure reports has not been specified in the SEBI (Mutual Funds) Regulations, 1996 and the disclosures being currently made are not uniform across the industry. Therefore, the following <strong>format</strong> for the purpose of <strong>uniform</strong> disclosure of investments in derivative instruments by Mutual Funds in <strong>half yearly</strong> portfolio disclosure, <strong>annual</strong> report or in any other disclosures is prescribed.</p> <p align="justify"><strong>Effective date:</strong> The provisions shall be applicable for <strong>all new schemes</strong> launched post the issue of the circular. For all <strong>existing schemes</strong>, compliance with the circular shall be effective from October 01, 2010.</p> <p align="justify"><strong>Source:</strong><a href="http://www.sebi.gov.in//circulars/2010/cirimddf112010.pdf" target="_blank">SEBI Cir/ IMD/ DF/ 11/ 2010 dated 18th August 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-41288482973832614192010-08-19T09:58:00.001+05:302010-08-19T09:58:08.430+05:30Fund of Fund MF schemes expense structure in offer document & change amounts to fundamental attribute requiring exit option to unit holders<p align="justify"><strong>Fund of funds mutual fund schemes </strong>shall adopt either of the total expense structures laid out in Regulation 52(6)(a) of SEBI (Mutual Funds) Regulations 1996, as amended by <a href="http://yehseeyes.blogspot.com/2010/08/understand-mutual-fund-amendments-2010.html" target="_blank">SEBI (Mutual Funds) (Amendment) Regulations, 2010</a>, which Asset Management Companies shall clearly indicate in the <strong><a href="http://yehseeyes.blogspot.com/2008/05/sebi-simplification-of-offer-document.html" target="_blank">scheme information documents (SID).</a></strong>  Fund of Fund schemes, existing <strong>as on July 29, 2010, shall, with the approval of trustees</strong>, adopt either of the total expense structures laid out in Regulation 52(6)(a) and change the total expense structure after giving the unitholders an option to <a href="http://yehseeyes.blogspot.com/2008/05/sebi-simplification-of-offer-document.html" target="_blank">exit in accordance with Regulation 18(15A).</a> [In case of change in fundamental attributes in terms of Regulation 18 (15A), SID shall be revised and updated immediately after completion of duration of exit option.]</p> <p align="justify"><strong><u>Regulation 52(6)(a):</u></strong> The total expenses of the scheme excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be subject to the following limits:â</p> <p align="justify">in case of a fund of funds scheme, the total expenses of the scheme including the management fees shall be either:- <br />(i) not exceeding 0.75% of the daily or weekly average net assets, depending upon whether the NAV of the scheme is calculated on daily or weekly basis; or <br />(ii) it may consist of - <br />(A)management fees for the scheme not exceeding 0.75% of the daily or weekly average net assets depending upon whether the NAV of the scheme is calculated on daily or weekly basis; <br />(B) other expenses relating to administration of the scheme; and <br />(C) charges levied by the underlying schemes: <br />Provided that the <strong>sum total of (A), (B)</strong> and the weighted average of the total expense ratio of the underlying schemes <strong>shall not exceed </strong>2.50% of the daily or weekly average net assets (depending upon whether the NAV of the scheme is calculated on daily or weekly basis) of the scheme.</p> <p><strong>Source: <a href="http://www.sebi.gov.in//circulars/2010/cirimd08.pdf" target="_blank">SEBI Cir / IMD / DF / 8 / 2010 dated 6th August 2010</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-81105526765759442062010-08-15T22:09:00.001+05:302010-08-15T22:09:36.059+05:302nd year Event Videos, Photos, Awards, Mafoi Pandiarajan on business, cake cutting & lot more fun with Lawlabz Learnlabz OnlyThisMuch 2010 Celebration<p align="justify">Ever heard of a lab that concocts and churns out, not chemical, but legal solutions! LAWLABZ (Law Labz Consultancy Pvt Ltd), a legal consulting services organisation, has positioned itself in the forefront in offering high end services in corporate compliance practices. It has a training division called Learnlabz and publication initiative called OnlyThisMuch for Company Secretary students.</p> <p align="justify"> </p> <p align="justify">And as you are aware <a href="http://yehseeyes.blogspot.com/2010/07/lawlabz-group-2nd-year-celebrations.html">Lawlabz Group 2nd Year Celebrations this July 2010 with Learnlabz & OnlyThisMuch, the video way, hope you will make it</a>, now its the time to share with the happy moments during our event [4 parts of video & photos].  You will find following features throughout the events,</p> <ol> <li> <div align="justify">Funny (bit of Tamil mixture)</div> </li> <li> <div align="justify">Business is like a dance!!! (Wonderful speech by Mr. K. Pandiarajan of Mafoi Randstad)</div> </li> <li> <div align="justify">Lawlabz Corporate & Employee Awards, Learnlabz Faculty Awards & OnlyThisMuch Author awards</div> </li> <li> <div align="justify">Blast, Cake cutting, celebrations & celebrations.</div> </li> </ol> <div style="padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; float: none; padding-top: 0px" id="scid:5737277B-5D6D-4f48-ABFC-DD9C333F4C5D:105a6786-5cff-44d8-be0d-189714c34b06" class="wlWriterEditableSmartContent"><div id="7d43c60a-a21c-422d-b337-e2b10d6773b4" style="margin: 0px; padding: 0px; display: inline;"><div><a href="http://www.youtube.com/watch?v=7yI5KuNS-Uw&feature=PlayList&p=FDEDD57FE57D2B02&index=0&playnext=1" target="_new"><img src="http://lh6.ggpht.com/_LqxdOyCO0zE/TGgYRsbL-eI/AAAAAAAACS4/CQsOGfyUGNs/video31119e89f516.jpg?imgmax=800" style="border-style: none" galleryimg="no" onload="var downlevelDiv = document.getElementById('7d43c60a-a21c-422d-b337-e2b10d6773b4'); downlevelDiv.innerHTML = "<div><object width=\"425\" height=\"355\"><param name=\"movie\" value=\"http://www.youtube.com/v/7yI5KuNS-Uw&hl=en\"><\/param><embed src=\"http://www.youtube.com/v/7yI5KuNS-Uw&hl=en\" type=\"application/x-shockwave-flash\" width=\"425\" height=\"355\"><\/embed><\/object><\/div>";" alt=""></a></div></div></div> <p align="justify"> [<strong>Do see all the 4 parts of the Videos & photographs hereunder</strong>]</p> <table style="width: 194px"><tbody> <tr> <td style="background: url(http://picasaweb.google.com/s/c/transparent_album_background.gif) no-repeat left 50%; height: 194px" align="center"><a href="http://picasaweb.google.com/106706862093779705231/LawlabzLearnlabzOnlyThisMuch2ndYearCelebrations2010?feat=embedwebsite"><img style="margin: 1px 0px 0px 4px" src="http://lh3.ggpht.com/_33xdETAPhps/TGJsp9hqhhE/AAAAAAAAALo/lB01sXfc3BU/s160-c/LawlabzLearnlabzOnlyThisMuch2ndYearCelebrations2010.jpg" width="168" height="168" /></a></td> </tr> <tr> <td style="text-align: center; font-family: arial,sans-serif; font-size: 11px"><a style="color: #4d4d4d; font-weight: bold; text-decoration: none" href="http://picasaweb.google.com/106706862093779705231/LawlabzLearnlabzOnlyThisMuch2ndYearCelebrations2010?feat=embedwebsite">Lawlabz Learnlabz OnlyThisMuch 2nd Year celebrations 2010</a></td> </tr> </tbody></table> <p align="justify">Thanks again for making the even the most successful one in all respects.  Thanks will definitely not suffice your well wishes.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-3985071232636348782010-08-14T20:42:00.001+05:302010-08-14T20:42:08.845+05:30Exchange Traded Currency Options RBI Directions for investment by Person Resident in India and SEBI norms 2010<p align="justify">As you are aware of <a href="http://yehseeyes.blogspot.com/2008/08/exchange-traded-currency-futures-etcf.html">Exchange Traded Currency Futures (ETCF) in Recognised Stock Exchanges for Person Resident in India (PRII)</a> <strong>and</strong> <a href="http://yehseeyes.blogspot.com/2010/08/what-exam-for-approved-users-sales.html">What exam for approved users & sales personnel of trading members in currency derivatives segment and trading in interest rate derivatives, register for NISM now</a></p> <p align="justify"><strong>Guidelines on trading of Currency Options on </strong> <br /><strong>Recognised Stock / New Exchanges</strong></p> <p align="justify">Attention of Authorised Dealers Category â I (AD Category â I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [<a href="http://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=179">Notification No. FEMA/25/RB-2000 dated May 3, 2000</a><a href="http://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=179">]</a>, as amended from time to time and A.P. (DIR Series) Circular No. 05 dated August 6, 2008 in terms of which persons resident in India were permitted to participate in the currency futures market in India subject to directions contained in the Currency Futures (Reserve Bank) Directions, 2008.</p> <p align="justify">2. In order to expand the existing menu of exchange traded hedging tools, it was announced in the Monetary Policy Statement 2010-11 (para 62) that recognised stock exchanges would be permitted to introduce plain vanilla currency options on spot US Dollar/ Rupee exchange rate for residents. Accordingly, it has been decided to permit trading of currency options on spot USD-INR rate in the currency derivatives segment of the stock exchanges, recognized by the Securities and Exchange Board of India (SEBI). The currency options market would function subject to the directions, guidelines, instructions, rules, etc issued by the Reserve Bank and the SEBI from time to time.</p> <p align="justify">3. Persons resident in India are permitted to participate in the currency options market, subject to the directions contained in the Exchange Traded Currency Options (Reserve Bank) Directions, 2010, [Notification No.FED.01 / ED (HRK)-2010 dated July 30, 2010] (Directions) issued by the Reserve Bank of India, a copy of which is annexed (<a href="http://www.rbi.org.in/#ann1">Annex-I</a>).</p> <p align="justify">4. Necessary amendments to Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000 (Notification No. FEMA.25/RB-2000 dated May 3, 2000) (Regulations) have been notified in the Official Gazette vide G.S.R. No. 635(E) dated July 27, 2010, a copy of which is annexed (<a href="http://www.rbi.org.in/#ann2">Annex-II</a>).</p> <p align="justify"><strong>Source: <a href="http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5913&Mode=0" target="_blank">A.P. (DIR Series) Circular No. 05 dated 30th July 2010</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com8tag:blogger.com,1999:blog-9191919080550540685.post-59378085199921027652010-08-14T20:24:00.001+05:302010-08-14T20:24:52.468+05:30You can buyback FCCBs now as time limit extended from June 2010 to June 30, 2011<p align="justify">On a review of the policy and in view of the representations received from the issuers of FCCBs, it has been decided to consider applications, under the approval route, for buyback of FCCBs until June 30, 2011, subject to the issuers complying with all the terms and conditions of buyback/ prepayment of FCCBs, as mentioned in <a href="http://yehseeyes.blogspot.com/2010/04/again-buyback-prepayment-of-fccb-under.html">Again an option to Buyback / Prepayment of FCCB under RBI Approval Route till June 2010</a></p> <p><ins><ins></ins></ins></p> <p><strong>Source: <a href="http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5928&Mode=0" target="_blank">A.P. (DIR Series) Circular No.07 dated 9th August 2010</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-38288535497977195482010-08-13T10:13:00.001+05:302010-08-13T10:26:05.266+05:30ECB beyond USD 100 million under RBI Approval Route for service sector available for permissible end uses, not being acquisition of land<p align="justify">At present, entities in the <a href="http://yehseeyes.blogspot.com/2009/01/ecbcorporates-in-service-sector-under.html" target="_blank">services sectors viz., Hotels, Hospitals and Software  are allowed to avail of ECB up to USD 100 million per financial yea</a><a href="http://yehseeyes.blogspot.com/2009/01/ecbcorporates-in-service-sector-under.html" target="_blank">r</a> under the  Automatic Route, for foreign currency and/or Rupee capital expenditure for permissible end-uses. On a review, it has now been decided to consider applications  from the corporates in the Hotel, Hospital and Software sectors to avail of ECB <strong>beyond USD 100 million under the Approval Route</strong>, for foreign currency and / or Rupee capital expenditure for permissible end-uses. The proceeds of the ECB should not be used for acquisition of land. </p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/APDIR08120810.pdf" target="_blank">A.P. (DIR Series) Circular No.08 dated 12th August 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-61673276937758608142010-08-07T14:08:00.001+05:302010-08-07T14:45:34.527+05:30Issue or Transfer of shares under FEMA: No more CCI guidelines pricing but Discounted Cash Flow technique for valuation: certification by Merchant banker/Chartered Accountant<h3 align="justify">Issue of shares</h3> <p align="justify">(a) After issue of shares (including bonus and shares issued on rights basis) and shares issued under ESOP)/ convertible debentures / convertible preference shares, the Indian company has to file Form FC-GPR, enclosed in <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/MC13FON010710.pdf" target="_blank">Annex - 8</a>, through itâs AD Category I bank, not later than 30 days from the date of issue of shares. The Form can also be downloaded from the Reserve Bank's website <a href="http://www.rbi.org.in/Scripts/BS_ViewFemaForms.aspx">http://www.rbi.org.in/Scripts/BS_ViewFemaForms.aspx</a>. Non-compliance with the above provision would be reckoned as a contravention under FEMA and could attract penal provisions.</p> <p align="justify"><strong>Issue Price (for all issues other than Rights Issue)</strong></p> <ul> <li> <div align="justify">Price of shares issued to persons resident outside India under the FDI Scheme, shall be on the basis of SEBI guidelines in case of listed companies. </div> </li> <li> <div align="justify">In case of unlisted companies, valuation of shares has to be done by a SEBI registered Category I Merchant Banker or a Chartered Accountant as per the Discounted Free Cash Flow Method (DCF) .</div> </li> <li> <div align="justify">In case of issue of shares on preferential allotment the price shall not be less that the price as applicable to transfer of shares from resident to non-resident.</div> </li> </ul> <p align="justify"><strong>Issue Price (for Rights Issue)</strong></p> <ul> <li> <div align="justify">Listed = @ the price determined by the Company.</div> </li> <li> <div align="justify">Unlisted = Minimum price is the Rights Issue price to <strong>resident</strong> shareholders.</div> </li> </ul> <h3 align="justify">Transfer of Shares</h3> <p align="justify">Reporting of transfer of shares between residents and non-residents and vice- versa is to be made in Form FC-TRS (enclosed in <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/MC13FON010710.pdf" target="_blank">Annex - 9</a>). The Form FC-TRS should be submitted to the AD Category â I bank, within 60 days from the date of receipt of the amount of consideration. The onus of submission of the Form FC-TRS within the given timeframe would be on the transferor / transferee, resident in India. The AD Category â I bank, should forward the same to its link office. The link office should consolidate the Form FC-TRS and submit a monthly report to the Reserve Bank.</p> <p align="justify"><strong>Transfer Price</strong></p> <ol> <li> <div align="justify">Transfer by Resident to Non-resident (i.e. to foreign national, NRI, FII and incorporated non-resident entity other than erstwhile OCB)</div> <ul> <li> <div align="justify">Listed = Minimum price as per Preferential Issue under <a href="http://yehseeyes.blogspot.com/2010/08/asba-for-all-discounted-price-for.html" target="_blank">SEBI ICDR regulation</a> with date of purchase/sale as relevant date.</div> </li> <li> <div align="justify">Unlisted = Minimum price as per Fair value under Discounted Cash Flow Method and certified by Merchant Banker or Chartered Accountant.</div> </li> </ul> </li> <li> <div align="justify">Transfer by Non-resident (i.e. by incorporated non-resident entity, erstwhile OCB, foreign national, NRI and FII) to Resident</div> <ul> <li> <div align="justify">Should be within Minimum price as said in Transfer by Resident to Non-Resident above (for all issues).</div> </li> </ul> </li> </ol> <h3>Updated Notifications</h3> <ol> <li><a href="http://rbidocs.rbi.org.in/rdocs/notification/PDFs/N205050510.pdf" target="_blank"> <p></p> <a href="http://rbidocs.rbi.org.in/rdocs/notification/PDFs/N205050510.pdf" target="_blank">Foreign Exchange Management (Transfer or Issue of Security by a PersonResident Outside India) (Amendment) Regulations, 2010</a></a></a></li> <li> <p align="justify"><a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/FDIE050410.pdf" target="_blank">A. P. (DIR Series) Circular No.49 dated 4th May 2009</a></p> </li> <li><a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/MC13FON010710.pdf" target="_blank"> <p></p> <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/MC13FON010710.pdf" target="_blank">Foreign Investment Master Circular</a> July</a>2010</a> </li> </ol> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-28935558760404234782010-08-07T12:23:00.001+05:302010-08-07T12:57:03.936+05:30New definition of factory, dependant, Appointment of specialist, Medical Benefit council, Social Security Officers, Appeal provisions, 5 year limitation period, Other beneficiaries scheme - ESI Amendment Act, 2010<p align="justify"><b></b></p> <p align="justify">ESI Act was amended by <a href="http://www.labour.nic.in/ss/Notificaiton/ESI%20(Amendment)%20Act%2020100001.pdf" target="_blank">Employees State Insurance Amendment Act, 2010</a> by way of Gazette notification dated 25th May 2010 and its effective date is notified as 1st June 2010 with the following updates.</p> <p align="justify">Section 1(5): The appropriate Government may, in consultation with the Corporation and where the appropriate Government is a State Government, with the approval of the Central Government, after giving <strong><em><u>one month</u></em></strong> (earlier it was six months') notice of its intention of so doing by notification in the Official Gazette, extend the provision of this Act or any of them, to any other establishment or class of establishments, industrial, commercial, agriculture or otherwise :</p> <p align="justify">Section 2(6A) "dependant" means any of the following relatives of a deceased insured person, namely :-</p> <p align="justify">(i) a widow, a minor legitimate or adopted son <strong><u><em>who has not attained the age of 25 years</em></u></strong>, an unmarried legitimate or adopted daughter;</p> <p align="justify">(ii) if wholly dependent on the earnings of the insured person at the time of his death, a legitimate or adopted son or daughter who has attained the age of <strong><em><u>25 years</u></em></strong> (not eighteen years) and is infirm;</p> <p align="justify"><strong>Section 2(6A)</strong>: âEmployeeâ definition also includes only such persons engaged as apprentice whose training period is <strong>extended</strong> to any length of time.</p> <p align="justify"><strong>Section 2(11)</strong> "family" means all or any of the following relatives of an insured person, namely :</p> <p align="justify">(v) dependant parent <strong><em><u>whose income from all sources does not exceed</u></em> such income as may be prescribed by CG.</strong></p> <p align="justify"><strong><u><em>(vi)</em></u></strong> in case the insured person is UNMARRIED & his/her parents is not alive, a minor brother/sister WHOLLY dependant on the earnings of the insured person.</p> <p align="justify"><strong>Section 2(12):</strong> "factory" means any premises including the precincts thereof - <br />(a) whereon ten or more persons are employed or were employed <strike>for wages</strike> on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on <strike><strong><em><u>with the aid of power or is ordinarily so carried on, or (b) whereon twenty or more persons are employed or were employed for wages on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on without the aid of power or is ordinarily so carried on</u></em></strong></strike>, but does not include a mine subject to the operation of the Mines Act, 1952 (35 of 1952) or a railway running shed.</p> <p align="justify"><b>Section 10. MEDICAL BENEFIT COUNCIL. - </b>(1) The Central Government shall constitute a Medical Benefit Council consisting of - (a)<strong><u><em> the Director General, ESIC</em></u></strong>, ex officio as Chairman;</p> <p align="justify">(b) the Director General, Health Services, ex officio as Chairman.</p> <p align="justify"><strong>Section 12(3)</strong> A person referred to in clause (i) of section 4 [<u>3 members of Parliament of whom two shall be members of the House of the People (Lok Sabha) and one shall be a member of the Council of States (Rajya Sabha) elected respectively by the members of the House of the people and the members of the Council of States</u>] shall cease to be a member of the Corporation,</p> <ul> <li> <div align="justify"><strong><u><em>on becoming a Minister or Speaker or Deputy Speaker of the House of the people or the Deputy Chairman of the Council of States.</em></u></strong> </div> </li> <li> <div align="justify">when he ceases to be a member of Parliament. </div> </li> </ul> <p align="justify"><strong>2nd provisio to Section 17(2)(a)</strong> dealing with Staff of ESIC allows appointment of Consultants & Specialists in various fields on contract basis.</p> <p align="justify"><b>Section 37. VALUATION OF ASSETS AND LIABILITIES. â </b>The ESI Corporation shall, at intervals of <strong><u><em>3 years</em></u></strong> (not five years), have a valuation of its assets and liabilities made by a valuer appointed with the approval of the Central Government.</p> <p align="justify"><strong>Section 45. INSPECTORS, THEIR FUNCTIONS AND DUTIES: </strong>ESI <em>Inspectors are now called<strong> <u>Social Security Officers (SSO).</u> </strong></em>Further, any authorised ESIC officer may carry out test inspection or re-inspection of the records & returns u/s. 44 for the purpose of verifying correctness & quality of inspection.</p> <p align="justify"><strong><em><u>Second Proviso  to Section 45A:</u></em></strong> In case of determination of contribution u/s. 45, the ESI Corporation power is <strong>limited to 5 years</strong> of contribution becoming due. [<em>limitation period</em>]</p> <p align="justify"><strong><em><u>Section 45AA:</u></em></strong> Appeal to Appellate Authority can be preferred by <strong>employee</strong> for order u/s. 45A <strong>within 60 days</strong> by depositing <strong>25% of contribution</strong> (ordered or as per own calculation - whichever is higher), which is refundable with interest on success of appeal.</p> <p align="justify"><strong><em><u>Section 51E:</u></em></strong> An accident occurring to an employee while commuting from his residence to the place of employment for duty or from the place of employment to his residence after performing duty, shall be deemed to have arisen out of and in the course of employment if nexus between the circumstances, time and place in which the accident occurred and the employment is established. [<em>Agnes v. BEST Corpn case is now a law</em>]</p> <p align="justify"><strong><em><u></u></em></strong></p> <p align="justify"></p> <p align="justify"><strong><em><u>Third proviso to Section 56 amended:</u></em></strong> Medical Benefit: </p> <p align="justify">Provided also that an insured person, who has attained the age of superannuation, <strong>a person who retires under Voluntary Retirement Scheme (VRS) or takes premature retirement,</strong> and his spouse shall be eligible to receive medical benefit subject to payment of contribution and such other conditions as may be prescribed by the Central Government.</p> <p align="justify"><strong><em><u>Section 58(5):</u></em></strong> State Government, with prior approval of Central Government, can also establish organisation to provide for sickness, maternity & employment injury.</p> <p align="justify"><strong><em><u>Section 59(3):</u></em></strong> ESICâs Hospital through Third party participation is now permitted.  So, now even a private hospital can be recognised for medical treatments.</p> <p align="justify"><strong><em><u>Section 59B:</u></em></strong> ESIC is given permission to establish medical colleges, nursing colleges & training institutes for its paramedical staff & employees.</p> <p align="justify"><strong><u>Existing Chapter VA is completely revised</u></strong></p> <ul> <li> <div align="justify">Section 73B gives overriding power to Central Government to frame <strong>Scheme</strong> by way of Notification, for <strong>other beneficiaries</strong> (not being insured) for providing medical facility on payment of <strong>user charges.</strong></div> </li> <li> <div align="justify">Scheme shall have the details as per Section 73D and shall be laid in both houses of Parliament for 30 days.</div> </li> </ul> <p align="justify"><em><strong><u>Provisios added to Section 87:</u></strong> </em>Exempted factory or establishment by which,</p> <ul> <li> <div align="justify">it is mandated that exemption will be granted only if employees receive substantially similar or superior benefits.</div> </li> <li> <div align="justify">Application for renewal shall be made within 3 months before expiry of Exemption period and taken up by Government within 2 months.</div> </li> </ul> <p align="justify"><strong><em><u>Section 91A</u></em></strong> powers restricted.  Thus now, exemption may be granted only <strong>prospectively </strong>and not retrospectively.</p> <p align="justify"><strong><u>Section 91AA:</u></strong><em> </em>Central Government is the appropriate Government if the medical benefits are provided by ESIC.</p> <p align="justify"><strong>Source: <a href="http://www.labour.nic.in/ss/Notificaiton/ESI%20(Amendment)%20Act%2020100001.pdf" target="_blank">Notification</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-16670293323487437992010-08-07T10:41:00.001+05:302010-08-07T10:41:18.837+05:30Download SME Listing Agreement & understand deviations from Equity; how to set up SME Exchange with networth of 100 crores & requirements under SCRA<p align="justify"><strong>Sub: Conditions of listing for issuers seeking listing on SME Exchange</strong> - Model SME Equity Listing Agreement In recognition of the need for making finance available to small and medium enterprises, SEBI has decided to encourage promotion of dedicated exchanges and/or dedicated platforms of the exchanges for listing and trading of securities issued by Small and Medium Enterprises (âSMEâ). Consequently, SEBI amended <a href="http://yehseeyes.blogspot.com/2010/08/understand-chapter-xa-of-sebi-icdr.html" target="_blank">SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (âSEBI (ICDR) Regulationsâ) by inserting a Chapter XA on âIssue of specified securities by small and medium enterprisesâ</a>, through notification dated April 13, 2010. In continuation of the same and to facilitate listing of specified securities in the SME exchange, âModel Equity Listing Agreementâ to be executed between the issuer and the Stock Exchange, to list/migrate the specified securities on SME Exchange, is specified through this circular.</p> <p align="justify">SME listing agreement is same as Equity listing agreement.  However, c<strong>ertain relaxations</strong> are provided to the issuers whose securities are listed on SME exchange in comparison to the listing requirements in <a href="http://yehseeyes.blogspot.com/2010/08/understand-chapter-xa-of-sebi-icdr.html" target="_blank">Main Board (= other than SME Exchanges)</a>, which inter-alia include the following:</p> <p align="justify">a. Companies listed on the SME exchange may send to their shareholders, a statement containing the salient features of all the documents [in <strong>abridged form</strong>], as prescribed in proviso to section 219(b)(iv) of the Companies Act, 1956, <strong>instead</strong> of sending a full Annual Report; <br />b. Periodical financial results may be submitted on â<strong>half yearly basis</strong>â, instead of âquarterly basisâ under Clause 41 and <br />c. Every issuer listed under SME Exchange shall have their <strong>own website.</strong></p> <p align="justify">d. SMEs <strong>need not publish</strong> their financial results in newspapers, as required in the <a href="http://yehseeyes.blogspot.com/2010/08/understand-chapter-xa-of-sebi-icdr.html" target="_blank">Main Board (= other than SME Exchanges)</a>  and can make it available on their website.</p> <h3><a href="http://www.nseindia.com/content/equities/SME_LA_270510.pdf" target="_blank">Download SME Listing Agreement</a></h3> <p align="justify">Sub: <strong>Setting up of a Stock exchange/ a trading platform by a recognized stock exchange</strong></p> <p align="justify">A. A <strong>company desirous of being recognized as a SME exchange</strong> may apply to Market Regulation Department, SEBI, in accordance with the provisions of the Securities Contracts (Regulation) Act,1956 ( SCRA) read with the provisions of the Securities Contracts (Regulation) Rules, 1957 (the SCRR), subject to the applicant fulfilling the following conditions: <br />(i) It is a corporatised and demutualised entity and is compliant with requirements of maintaining public shareholding and shareholding restrictions in accordance with Chapters II and III of the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006; <br />(ii) It has a balance sheet networth of atleast Rs. 100 crores; <br />(iii) It shall have nation wide trading terminals and an online screen-based trading system, a suitable Business Continuity Plan including a disaster recovery site; <br />(iv) It shall have an online surveillance capability which monitors positions, prices and volumes in real time so as to check market manipulation; <br />(v) It shall have adequate arbitration and investor grievances redressal mechanism operative from all the four regions of the country. <br />(vi) It shall have adequate inspection capability; <br />(vii) It shall have the same risk management system and surveillance system as are required for cash market segment of a recognised stock exchange; <br />(viii) Information about trades, quantities, and quotes shall be disseminated by the recognized stock exchange in real time to at least two information vending networks which are accessible to investors in the country; <br />(ix) The trading system of the stock exchange may be quote driven or a hybrid of quote driven and order driven. The settlement system in the stock exchange shall be the same as that of the cash market of a recognised stock exchange; <br />(x) The clearing function of the stock exchange shall be performed by a clearing corporation/ clearing house; <br />(xi) The minimum lot size for trading on the stock exchange shall be one lakh rupees. <br />B. The above eligibility criteria shall <strong>mutatis mutandis</strong> apply to recognised stock exchanges having nation wide trading terminals and which <br />desires to set up a trading platform for listing of the specified securities issued in terms of Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. Such recognised stock exchange shall file an application demonstrating its compliance with the conditions mentioned in subpara (i) to (xi) of para 6 above alongwith the proposed Rules, Regulations and Byelaws for the SME platform. Such a platform can be operationalised by the recognised stock exchange only after obtaining <strong>prior approval of SEBI</strong>.</p> <p><strong>Source:</strong></p> <ol> <li>Setting up of a Stock exchange/ a trading platform by a recognized <br />stock exchange having nationwide trading terminals for SME vide <a href="http://www.sebi.gov.in/circulars/2010/cirmrddsa17.pdf" target="_blank">CIR/MRD/DSA/17/2010 dated 18th May 2010</a>. </li> <li>Conditions of listing for issuers seeking listing on SME Exchange - Model SME Equity Listing Agreement vide <a href="http://www.sebi.gov.in/circulars/2010/circfddil062010.pdf" target="_blank">CIR/CFD/DIL/6/2010 dated May 17, 2010</a>. </li> </ol> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-39983653268171866512010-08-06T22:11:00.001+05:302010-08-07T10:22:34.112+05:30Understand Chapter XA of SEBI ICDR Amendment 2010 as to SME Exchange and listing upto 25 crores of capital like Fast track route for small & medium companies<p align="justify">Download the Updated <a href="http://www.sebi.gov.in/acts/icdrregu.pdf">Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009</a> as on date.  </p> <p align="justify">In order to lay down the policy for issue, listing and trading of the securities issued by the SMEs, necessary amendments have been made in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and consequent amendments were made int he following regulations as given below.</p> <ul> <li> <div align="justify"><a href="http://yehseeyes.blogspot.com/2010/08/merchant-bankers-regulation-amendment.html" target="_blank">SEBI (Merchant Bankers) Regulations, 1992</a>,</div> </li> <li> <div align="justify"><a href="http://yehseeyes.blogspot.com/2010/08/fii-amendment-2010-exemption-extended.html" target="_blank">SEBI (Foreign Institutional Investors) Regulations, 1995</a>, </div> </li> <li> <div align="justify"><a href="http://yehseeyes.blogspot.com/2010/08/market-making-arrangement-by-venture.html" target="_blank">SEBI (Venture Capital Funds) Regulations, 1996</a>, </div> </li> <li> <div align="justify"><a href="http://yehseeyes.blogspot.com/2010/08/regulation-31fvii-automatic-exemption.html" target="_blank">SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997</a> and </div> </li> <li> <div align="justify"><a href="http://yehseeyes.blogspot.com/2010/08/no-separate-certificate-of-registration.html" target="_blank">SEBI (Stock Brokers and Sub-brokers) Regulations, 1992</a>.</div> </li> </ul> <p align="justify">SEBI ICDR Third Amendment Regulations 2010, <a href="http://yehseeyes.blogspot.com/2010/08/asba-for-all-discounted-price-for.html" target="_blank">in addition to the amendments made under various clauses</a>, the following updates were made.</p> <p>After CHAPTER X, the following Chapter shall be inserted, namely:- <br /><strong>âCHAPTER XA <br />ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM <br />ENTERPRISES (SME) â Regulation 106A to 106J</strong></p> <p align="justify">An issuer whose post-issue face value capital does not exceed ten crore rupees shall issue its specified securities in accordance with provisions of this <br />Chapter.  Kindly note, there is also <a href="(1) An issuer whose post-issue face value capital does not exceed ten crore" target="_blank">Micro, Small & Medium Enterprises Development Act which classifies Industries</a> <strong>but</strong> for such classification, only the investment made in plant & machinery are taken into account whereas under SEBI ICDR the whole capital of the company should be <strong>Rs. 10 crores or less</strong>.  </p> <p align="justify">In some cases, even upto Rs. 25 crores [ie, 10 crores to 25 crores] may be considered under this chapter where shareholders agree to Migrate by passing a <strong>Special Resolution </strong>through <strong>postal ballot</strong> and can be acted <strong><u>upon if and only if </u></strong>the votes cast by shareholders other than promoters <strong>in favour</strong> of the proposal amount to <strong>at least two times</strong> the number of votes cast by shareholders <strong>other than promoter </strong>shareholders against the proposal. [R:106H].  Kindly note even such companies, if already in SME Exchange have the option to migrate to Main board on satisfaction of the above said conditions. [R:106I]</p> <p align="justify">In cases where companies in SME Exchange [upto 25 crores] is likely to <strong>exceed the same</strong> due to <strong>further issue of shares</strong>, then prior to such issue the company shall pass Special Resolution (similar way as mentioned above) and to get <strong>in-principle</strong> approval for listing in the Main board by complying with all the conditions.</p> <p align="justify">The sub-regulations (1), (2) and (3) of regulation 6 (filing of offer document), regulation 7 (in-principle approval), regulation 8 (documents to be submitted before opening the issue), regulation 9 (draft offer document to be made public), regulation 10 (Fast track issue), regulation 25, 26 & 27 (eligibity requirements for IPO & FPO) and sub-regulation (1) of regulation 49 (Minimum application value between Rs.5000 & 7000) of these regulations <strong><u>shall not apply to an issue</u></strong> of specified securities made under this Chapter.  That means, all other regulation will apply as such with such modifications as necessary, what we call legally as â<em>mutatis mutandis</em>â.</p> <p align="justify"><strong>Main Board = </strong>Stock Exchanges <strong>other than</strong> SME Exchange</p> <p align="justify"><strong>Nominated Investor</strong> = QIB/PE fund who undertakes the under-subscription portion or receive/deliver (which requires <strong>prior approval of SME exchanges</strong>) during Market making (for <strong>3 years</strong>) with the market makers inventory of atleast 5%. Market Maker shall not buy from promoter or persons belonging to promoter group.  [R 106J]  Also, a promoter can offer only such shares which are <strong>not locked-in</strong> for market making with the <strong>prior approval </strong>of SME Exchange.</p> <p align="justify">Similar to Fast track Issues (FTI), there is no need to file draft offer documents, instead the final offer documents shall be filed simultaneously with SME Exchanges, RoC and SEBI alongwith  due-diligence certificate as per Form A of Schedule VI including additional confirmations as provided in Form H of Schedule VI.</p> <ol> <li> <div align="justify">100% of offer through offer document shall be underwritten, out of which,</div> <ul> <li> <div align="justify">15% shall be underwritten by Merchantbankers</div> </li> </ul> </li> <li> <div align="justify">Underwriter shall undertake in case of under-subscritpion and <strong>not more than that</strong> as mentioned in the agreement.</div> </li> <li> <div align="justify">Nominee Investor shall undertake in case of under-subscription.</div> </li> <li> <div align="justify">Merchant banker is responsible for underwriting & shall give an Undertaking 1 day before opening of issue.</div> </li> <li> <div align="justify">Minimum Application size = atleast Rs. 1 lakh per application.</div> </li> <li> <div align="justify">Minimum Allottees = 50 nos.</div> </li> </ol> <p align="center">In <strong>Schedule VI, </strong>after Form G, the following form shall be inserted, namely:- <br />âFORM H <br />[See regulation 106C(2)]</p> <p align="justify">ADDITIONAL CONFIRMATIONS/ CERTIFICATION TO BE GIVEN BY MERCHANT BANKER IN DUE DILIGENCE CERTIFICATE TO BE GIVEN ALONG WITH OFFER DOCUMENT REGARDING SME EXCHANGE.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-17784843105542422492010-08-06T18:53:00.001+05:302010-08-06T19:45:05.451+05:30ASBA for all, Discounted price for employees, issuer can regulate bids, fti liberalised as to SCN, reservation for other employees also, lock-in preferential issue sica, IDR %: SEBI ICDR Amendments 2010<p align="justify">Download the Updated <a href="http://www.sebi.gov.in/acts/icdrregu.pdf">Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009</a> as on date.  There are three amendments in SEBI ICDR Regulations in 2010 which are,</p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><span style="font-family: arial; font-size: 14px" class="Apple-style-span"> <div align="justify"> <table border="1" cellspacing="0" cellpadding="0" width="100%"><tbody> <tr> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt" width="15%" align="center">Date</td> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt" align="center">Details</td> </tr> <tr> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt">13-Apr- 2010</td> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt"><a href="http://www.sebi.gov.in/acts/icdrthirdamendapr2010.pdf">Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)(Third Amendment) Regulations, 2010</a></td> </tr> <tr> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt">08-Jan- 2010</td> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt"><a href="http://www.sebi.gov.in/acts/icdrsecondamendreg08.pdf">Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment)Regulations, 2010</a></td> </tr> <tr> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt">01-Jan- 2010</td> <td style="font-family: verdana; color: rgb(43,38,135); font-size: 10px; font-weight: bold" class="FormTxt"><a href="http://www.sebi.gov.in/acts/icdramendreg01.pdf">Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Amendment Regulations, 2010</a></td> </tr> </tbody></table> </div> <h3 align="justify">SEBI ICDR First Amendment January 2010</h3> <p align="justify"><strong><font size="3" face="ge"></font></strong></p> <p align="justify"><strong><font size="3" face="geor">Regulation 58: Abridged prospectus, abridged letter of offer and ASBA.</font></strong></p> <p align="justify"><font size="3" face="geor">(5) In all public issues and rights issues, where not more than one payment option is given, the issuer shall provide the facility of ASBA in accordance with the procedure and eligibility criteria specified by SEBI. [</font><a href="http://yehseeyes.blogspot.com/2010/04/understand-all-about-asba-in-public.html" target="_blank"><font color="#000000" size="3" face="geor"><strong>earlier it was available only to retail investors</strong></font></a><font size="3" face="geor">]</font></p> <p align="justify">(6) <strike>An application through ASBA form may be made: <br />(a) in a public issue, by an applicant who: <br />(i) is a resident retail individual investor; <br />(ii) is bidding at cut-off, with single option as to the number of shares bid for; <br />(iii) is applying through blocking of funds in a bank account with the self certified <br />syndicate banks; <br />(iv) has agreed not to revise his bid; <br />(v) is not bidding under any of the reserved categories; <br />(b) in a rights issue, by an applicant who: <br />(i) holds the shares of the issuer in dematerialised form as on the record date and has <br />applied for entitlements and/or additional equity shares in dematerialised form; <br />(ii) has not renounced his entitlements in full or in part; <br />(iii) is not a renouncee; <br />(iv) who is applying through blocking of funds in a bank account with the Self Certified <br />Syndicate Bank.</strike> <strong>[Omitted]</strong></p> <p align="justify">In <strong>schedule XI, in Part A, in para (12), in clause (i)</strong>, the bracket and words â(except ASBA investors)â shall be omitted.</p> <h3 align="justify">SEBI ICDR Second Amendment January 2010</h3> <p align="justify"> </p> <p><strong>Regulation 29: Differential Pricing</strong></p> <p align="justify">After clause (c), following clause shall be inserted , namely:-</p> <p align="justify"><strong>â(d) In</strong> case the issuer opts for the <strong><a href="http://yehseeyes.blogspot.com/2009/12/sebi-icdr-now-applies-to-convertible.html" target="_blank">alternate method of book building</a></strong> in terms of <strong><a href="http://yehseeyes.blogspot.com/2009/12/sebi-icdr-now-applies-to-convertible.html" target="_blank">Part D of Schedule XI</a></strong>, the issuer may offer specified securities to its employees at a price lower than the floor price: <br />Provided that the difference between the<strong> floor price</strong> and the price at which specified securities are offered to <strong>employees</strong> shall <strong>not be more than 10% of the floor price</strong>.â</p> <p>In <strong>schedule XI, in Part D</strong>, [alternate method of book building]- <br />â(b) <strike>The issuer shall disclose a floor price in the red herring prospectus</strike>. The issuer may mention the floor price in the red herring prospectus (RHP) or if the <strong>floor price is not mentioned</strong> in the red herring prospectus, the issuer shall announce the floor price <strong>at least one working day before opening of the bid</strong> in all the newspapers in which the pre-issue advertisement was released.â <br /> <br />â(c) <strike>Investors other than retail individual investors shall bid at any price above the floor price</strike>.   Qualified institutional buyers (QIB) shall bid at any price above the floor price.â [<em>as discounted price is allowed to employees, retail investors, etcâŠ</em>] <br /> <br />â(e) <strike>Allotment shall be on price priority basis for investors other than retail individual investors</strike>.  Allotment shall be on price priority basis for qualified institutional buyers.â</p> <p align="justify">â(f) <strike>Allotment to retail individual investors shall be made proportionately as illustrated in this Schedule</strike>.  Allotment to retail individual investors, non-institutional investors and <br />employees of the issuer shall be made proportionately as illustrated in this Schedule.â <br /> <br />â(h) <strike>Retail individual investors shall be allotted specified securities at the floor price</strike>. Retail individual investors, non-institutional investors and employees shall be allotted specified securities at the floor price subject to provisions of clause (d) of regulation 29.â <br /> <br />â(i)  <strike>The issuer may place a cap either in terms of number of specified securities or percentage of issued capital of the issuer that may be allotted to a single bidder</strike>.  The issuer may:- <br />(A) place a cap either in terms of number of specified securities or percentage of issued capital of the issuer that may be allotted to a single bidder; <br />(B) decide whether a bidder be allowed to revise the bid upwards or downwards in terms of price and/or quantity; <br />(C) decide whether a bidder be allowed single or multiple bids.â</p> <h3 align="justify">SEBI ICDR Third Amendment April 2010</h3> </span></span> <p><strong>Regulation 2(1)</strong></p> <p align="justify">(c)âanchor investor" means a qualified institutional buyer [<strong>who makes</strong>] an application for a value of ten crore rupees or more in a public issue made through the book building process in accordance with these regulations;</p> <p align="justify">(m) âemployeeâ means a permanent and full-time employee of the issuer, working in India or abroad, <strong>[of the issuer or of the holding company or subsidiary company or of that material associate(s) of the issuer whose financial statements are consolidated with the issuerâs financial statements as per Accounting Standard 21]</strong>, or a director of the issuer, whether whole time or part time and does not include promoters and an immediate relative of the promoter (i.e., any spouse of that <br />person, or any parent, brother, sister or child of the person or of the spouse);</p> <p align="justify">(zf) âretail individual shareholderâ means a shareholder of a listed issuer, who: <br />(i) as on the date fixed for the purpose of determining shareholders eligible for reservation in terms of [<strong>regulation 42</strong>] of these regulations, is holding equity shares which, on the basis of the closing price of the equity shares on the recognised stock exchange in which highest trading volume in respect of the equity shares of the issuer was recorded as on the previous day, are worth up to one lakh rupees; and (ii) applies or bids for specified securities for a value of not more than one lakh rupees; <br /></p> <p align="justify"><strong>Regulation 8: </strong>Documents to be submitted before opening of the issue by Lead Merchant Banker with Draft offer document</p> <p align="justify">(1)(e): a certificate in the format specified in [<strong>Part C</strong>] of Schedule VII, confirming compliance of the conditions mentioned therein.</p> <p><strong>Regulation 10: </strong>Fast Track issue</p> <p>(1)(g): no show-cause notices have been issued or prosecution proceedings initiated [<strong>by</strong> <strong>SEBI</strong>] or pending against the issuer or its promoters or whole time directors as on the reference date;</p> <p><strong>Regulation 13: Underwriting</strong></p> <p align="justify">(2) Where the issuer makes a public issue through the book building process, such issue shall be underwritten by book runners or syndicate members: <br />Provided that fifty per cent. [sixty per cent, if public issue is made with at least ten per cent. public offer under clause (b) of sub-rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957] of the net offer to public proposed to be compulsorily allotted to qualified institutional buyers for the purpose of compliance of the eligibility conditions specified in sub-regulation (2) of regulation 26 and [<strong>regulation 27</strong>] cannot be underwritten.</p> <p align="justify"><strong>Regulation 26: Conditions for IPO</strong></p> <p align="justify">(5) No issuer shall make an initial public offer if [<strong>as on the date of registering the prospectus with the Registrar of Companies</strong>] there are any outstanding convertible securities or any other right which would entitle any person any option to receive equity shares after the initial public offer: Provided thatâŠ..</p> <p align="justify"><strong>Regulation 29: Differential Pricing</strong> â [<em>as the word âof the issuerâ is removed as mentioned below, discounted price can be offered beyond the employees of issuer company also</em>].</p> <p align="justify">(a) retail individual investors or retail individual shareholders or employees[<strong>***</strong>] entitled for reservation made under regulation 42 making an application for specified securities of value not more than one lakh rupees, may be offered specified securities at a price lower than the price at which net offer is made to other categories of applicants: ProvidedâŠ</p> <p align="justify">Further, the same is also reiterated in <strong>Regulation 55A </strong>dealing with <strong>Reservation for [<strike>its</strike>] employees alongwith rights issue </strong>by removing the word âitsâ.</p> <p align="justify"><strong>Regulation 42:</strong>  <strong>Reservations on competitive basis</strong></p> <p align="justify">â(1)(a) <strike>employees of the issuer including employees of the promoting companies in case of a new issuer</strike>; employees; and in case of a new issuer, persons who are in the permanent and full time employment of the promoting companies excluding the promoters and an immediate relative of the promoter of such companies;â</p> <p align="justify">â(2)(a) <strike>employees of the issuer including employees of the promoting companies in case of a new issuer</strike>; employees; and in case of a new issuer, persons who are in the permanent and full time employment of the promoting companies excluding the promoters and an immediate relative of the promoter of such companies;â</p> <p align="justify"><strong>Regulation 46: Period of Subscription</strong></p> <p align="justify">(1) [<strong>Except as otherwise provided in these regulations</strong>] a public issue shall be kept open for at least three working days but not more than ten working days including the days for which the issue is kept open in case of revision in price band.</p> <p align="justify"><strong>Regulation 70</strong>. [<em>Preferential issue to Company under SICA shall be subject to lock-in, though exempt from other preferential issue regulations.]</em></p> <p align="justify">(1) The provisions of <strong>Preferential Issue</strong> shall not apply where the preferential issue of equity shares is made: <br />(a) pursuant to conversion of loan or option attached to convertible debt instruments in terms of sub-sections (3) and (4) of sections 81 of the Companies Act, 1956; <br />(b) pursuant to a scheme approved by a High Court under section 391 to 394 of the Companies Act, 1956; <br />(c) in terms of the rehabilitation scheme approved by the Board of Industrial and Financial Reconstruction under the Sick Industrial Companies (Special Provisions) Act, 1985: <br />[<strong>Provided that the lock-in provisions of this Chapter shall apply to preferential issue of equity shares mentioned in clause (c)</strong>.]</p> <p align="justify"><strong>Regulation 98: Conditions for issue of IDR</strong></p> <p align="justify">(e) the balance fifty per cent. may be allocated among the categories of non-institutional investors and retail individual investors including employees at the discretion of the issuer and the manner of allocation shall be disclosed in the prospectus. Allotment to investors within a category shall be on proportionate basis: <br />[Provided that at least <strong>thirty per cent. of the IDRs being offered in the public issue {</strong><em>erstwhile it was 30% of the 50%</em><strong>} </strong>shall be available for allocation to retail individual investors and in case of under subscription in retail individual investor category, spillover to other categories to the extent of under subscription <strong>may</strong> be permitted. <br /><strong>Explanation</strong>: For the purpose of this regulation, âemployeeâ shall mean a person who,- <br />(a) is a resident of India, and <br />(b) is a permanent and full-time employee or a director, whether whole time or part time, of the issuer or of the holding company or subsidiary company or of the material associate(s) of the issuer, whose financial statements are <br />consolidated with the issuerâs financial statements, working in India and does not include promoters and an immediate relative of the promoter (i.e., any spouse of that person, or any parent, brother, sister or child of the person or of the spouse).]</p> <p>In <strong>Schedule IV</strong>, </p> <ul> <li>in Part A, for clause (b) with respect to Rights issue, the following shall be substituted, namely:- <br />â(b) In case of a rights issue: <strong>An alteration as to fees is made.</strong>â </li> <li>in Part B, for the words âPara 3â , the words âPara 2â shall be substituted. </li> </ul> <p>In <strong>Schedule VI</strong>, </p> <ul> <li>in Form A, for reference title, the following shall be substituted, namely:- <br />â[See regulations 8(1)(c), 10(3)(a) and 106C(2)]â </li> <li>(b) in Form D, in the note, for the figure, bracket and word â2(b)â, the figure, bracket and word â1(b)â shall be substituted. </li> </ul> <p>In <strong>Schedule VIII</strong>,</p> <p align="justify">(a) in Part A, in Para (2), - <br />(A) in item (VI),- <br />(I) in sub-item (B), in clause (15), for sub-clause (e), the following shall be <br />substituted, namely:- <br />â(e) The underwriting agreement shall list out the role and obligations of each <br />syndicate member and inter-alia contain a clause stating that margin collected shall be uniform across all categories indicating the percentage to be paid as margin by the investor at the time of bidding.â <br />(II) in sub-item (D), in clause (2),- <br />(i) in sub-clause (i), in section (ii), after the words âregulation 2â, the bracket <br />â)âshall be inserted; <br />(ii) in sub-clause (j), in section (iv), after the words âregulation 32â, the words <br />âand regulation 33â shall be inserted; <br />(iii)in sub-clause (r), after section (xvii), the following shall be inserted, <br />namely:- <br />â(xviii) the details of the number of shares issued in ESPS, the price at which <br />such shares are issued, employee-wise details of the shares issued to <br />âą senior managerial personnel; <br />âą any other employee who is issued shares in any one year amounting to <br />5% or more shares issued during that year; <br />âą identified employees who were issued shares during any one year equal <br />to or exceeding 1% of the issued capital of the company at the time of <br />issuance; <br />(xix) diluted Earning Per Share (EPS) pursuant to issuance of shares under <br />ESPS; and consideration received against the issuance of shares.â <br />(B) in item (VIII),- <br />(I) in sub-item (D), in clause (3), sub-clause (f) shall be omitted; <br />(II) in sub-item (E), in clause (8), in sub-clause (j), for the word <br />âdiscussedâ appearing at the end, the word âdisclosedâ shall be <br />substituted; <br />(C) in item (IX),- <br />(I) in sub-item (B),- <br />(i) in clause (12), in sub-clause (a), in section (v), for the mark and <br />words â(c) or (d)â, the mark and words â(iii) or (iv)â shall be <br />substituted; <br />(ii) in clause (16), in sub-clause (b), after the words â<strong>loan taken</strong>â <br />and before the words âby the promotersâ, the words â<strong>from the <br />issuer</strong>â shall be inserted; <br />(II) in sub-item(C), in clause (2), before the proviso the following <br />paragraph shall be inserted, namely:-</p> <p align="justify">âIn case there are no listed group companies, the financial information shall be given for the five largest unlisted group companies based on turnover.â <br />(D) in item (XI), in sub-item (I), for the words âletter of offerâ, the words âoffer documentâ shall be substituted; <br />(E) in item (XII), in sub-item (B), in clause (29), in sub-clause (a), for the words âthirty daysâ appearing after the words âfrom the date of the closureâ the words âfifteen daysâ shall be substituted; <br />(b) in Part C, in para (2),- <br />(A) brackets and letter â(e)â shall be omitted; <br />(B) item (f) shall be renumbered as â(e)â; <br />(c) in Part E, in Para (5), in item (VI), in sub-item (C), in clause (6), the following proviso shall be inserted, namely:- <br />âProvided that such participation shall not result in breach of minimum public shareholding requirement stipulated in the equity listing agreement entered into between the issuer and the recognized stock exchanges where the specified securities of the issuer are listed.â <br />(d) in Part F, for para (2), the following shall be substituted, namely:- <br />â(2) However, if the conditions specified in clause (1) in Part E of this Schedule are satisfied, the disclosure requirements specified in the following clauses in Part D of this Schedule, shall not be applicable to such issuer: <br />(a) Sub-item (B) of item II ; <br />(b) Sub-item (D) of item III; <br />(c) Item V; <br />(d) Item VI; <br />(e) Item VII ; <br />(f) Item X; <br />(g) Item XI; <br />(h) Item XIV; <br />(i) Item XV; <br />(j) Item XVI.â <br /></p> <p align="justify">In <strong>Schedule XI</strong>,- <br />(a) in Part A,- <br />(A) in para 10, for clause (f), the following shall be substituted, namely:-</p> <p align="justify">â(f) Anchor Investors shall pay on application the same margin which is payable by other categories of investors the balance, if any, shall be paid within <strong>2 days</strong> of the date of closure of the issue.â <br />(B) in para 11, - <br />(I) for clause (a), the following shall be substituted, namely:- <br />â(a) The margin collected shall be uniform across all categories of investors.â <br />(II) clause (b) shall be omitted; <br />(C) in para 12, after clause (i), the following shall be inserted, namely:- <br />â(ia) The issuer may decide to close the bidding by qualified institutional buyers one day prior to the closure of the issue subject to the following conditions: <br />(i) bidding shall be kept open for a minimum of three days for all categories of <br />applicants; <br />(ii) disclosures are made in the red herring prospectus regarding the issuerâs <br />decision to close the bidding by qualified institutional buyers one day prior to closure of issue.â <br />(b) in Part C, in the heading, for the word âINSTUTIONALâ, the word âINSTITUTIONALâ shall be substituted.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com81tag:blogger.com,1999:blog-9191919080550540685.post-22847339206601514292010-08-06T16:24:00.001+05:302010-08-06T16:24:14.584+05:30FII Amendment 2010: exemption extended to market making through SME platform under Chapter XA ICDR<p align="justify">In the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995 through <a href="http://www.sebi.gov.in/acts/fiinotify.pdf" target="_blank">SEBI (FII) (Amendment) Regulations, 2010</a> vide Notification No. <a href="http://www.sebi.gov.in/acts/fiinotify.pdf" target="_blank">LAD-NRO/GN/2010-11/02/1107 dated 13th April 2010,</a> the following updates were included: <br />(i) in <strong>regulation 15</strong>, in sub-regulation (3),- <br />(a) in clause (a), after second proviso, the following proviso shall be inserted, namely:- <br />âProvided further that nothing contained in this clause shall apply to any transaction in securities by the Foreign Institutional Investor pursuant to an agreement entered into with the merchant banker in the process of market making or subscribing to unsubscribed portion of the issue in accordance with Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.â <br />(b) in clause (c), after sixth proviso, the following proviso shall be inserted, namely:- <br />âProvided further that nothing contained in this clause shall apply to any transaction in securities by the Foreign Institutional Investor pursuant to an <br />agreement entered into with merchant banker in the process of market making or subscribing to unsubscribed portion of the issue in accordance with Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.â</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-39542670799805427292010-08-06T16:12:00.001+05:302010-08-06T16:13:27.096+05:30Merchant Bankers Regulation Amendment 2010 for SME segment & obligation extended thereof for Chapter XA of ICDR<p align="justify">In the Securities and Exchange Board of India (Merchant Bankers ) Regulations, 1992, through <a href="http://www.sebi.gov.in/acts/mbnotify.pdf" target="_blank">SEBI (Merchant Bankers) (Amendment) Regulations, 2010</a> vide Notification No. <a href="http://www.sebi.gov.in/acts/mbnotify.pdf" target="_blank">LAD-NRO/GN/2010-11/04/1109 dated 13th April 2010</a>, the following updates were inserted: <br />(i) in <strong>regulation 13A</strong>, after the proviso and before the Explanation, the following proviso shall be inserted, namely:-, <br />âProvided further that a merchant banker, who has been granted certificate of registration under these regulations, may ensure market making in accordance with Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.â <br />(ii) in <strong>regulation 22</strong>, after the proviso, the following proviso shall be inserted, namely:- <br />âProvided further that in any issue made in accordance with Chapter XA of <br />the Securities and Exchange Board of India (Issue of Capital and Disclosure <br />Requirements) Regulations, 2009 the merchant banker shall, itself or jointly <br />with other merchant bankers associated with the issue, underwrite at least <br />fifteen per cent of the issue size.â <br />(iii) in <strong>regulation 27</strong>, the following proviso shall be inserted, namely:- <br />âProvided that complete particulars of any transaction for acquisition of securities made in pursuance of underwriting or market making obligations in accordance with Chapter XA of the Securities and Exchange Board of India <br />(Issue of Capital and Disclosure Requirements) Regulations, 2009 shall be <br />submitted to SEBI on quarterly basis.â</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-11220583383880651612010-08-06T16:06:00.001+05:302010-08-06T16:06:53.433+05:30No separate certificate of registration for stock & sub brokers to trade in SME platform under Chapter XA of ICDR: Amendment 2010<p align="justify">In the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Regulations, 1992, through <a href="http://www.sebi.gov.in/acts/stbrnotify.pdf" target="_blank">SEBI (Stock Brokers and Sub- Brokers) (Amendment) Regulations, 2010</a> vide notification <a href="http://www.sebi.gov.in/acts/stbrnotify.pdf" target="_blank">No. LAD-NRO/GN/2010-11/06/1097 dated 13th April 2010</a>, the following updates were inserted: <br />(i) in <strong>regulation 6</strong>, the following proviso and Explanation shall be inserted, namely:- <br />âProvided that, subject to the conditions of regulation 6A, a stock broker holding a certificate of registration with respect to membership of a recognised stock exchange having nationwide trading terminals shall be eligible for trading on SME platform established by such stock exchange <strong>without obtaining a separate certificate of registration</strong> for trading on the SME platform. <br /><strong>Explanation:</strong> For the purpose of this regulation, SME platform means a trading platform of a recognised stock exchange having nationwide trading terminals and permitted by SEBI to list the securities issued in accordance with Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.â <br />(ii) in <strong>regulation 11</strong>, the following sub-regulation and Explanation shall be inserted, namely:- <br />â(3) Subject to the provisions of regulation 12A, no fresh certificate need to be obtained under sub-regulation (1) where a registered sub-broker is affiliated to stock broker who is eligible to trade on SME platform. <br /><strong>Explanation</strong>: For the purpose of this regulation, SME platform means a trading platform of a recognised stock exchange having nationwide trading terminals and permitted by the Board to list the securities issued in accordance with Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.â</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-67418211720735754372010-08-06T15:57:00.001+05:302010-08-06T15:57:46.821+05:30Regulation 3(1)(f)(vii): Automatic exemption from Reg 10, 11 & 12 for taking up shares in market making extended to Chapter XA of ICDR - Takeover Code Amendment 2010<p align="justify">In the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 through <a href="http://www.sebi.gov.in/acts/sastnotify.pdf" target="_blank">SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2010</a> vide Notification <a href="http://www.sebi.gov.in/acts/sastnotify.pdf" target="_blank">No. LAD-NRO/GN/2010-11/05/1110 dated 13th April 2010</a>, the following updates were made.</p> <p align="justify">In regulation 3, in sub-regulation (1), in clause (f), after sub-clause (vi), the <br />following sub-clause shall be inserted, namely: - <br />â(vii) a merchant banker or nominated investor in the process of market making and subscription by the nominated investor to the unsubscribed portion of issue, in terms of Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009: <br />Provided that benefit of exception provided in sub-clause (vii) shall not be <br />available if the acquisition of securities in the process of market making or <br />subscription to the unsubscribed portion of issue results in change in control <br />over the target company, directly or indirectly.â</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-54348353431320219782010-08-06T15:41:00.001+05:302010-08-06T15:41:56.199+05:30Market Making arrangement by Venture Capital Fund for securities listed on SME exchange: Regulation 12A insertion: VCF Amendment 2010<p align="justify">In the <a href="http://www.sebi.gov.in/acts/VentureCapital.html" target="_blank">Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996</a>, through <a href="http://www.sebi.gov.in/acts/venturenotify.pdf" target="_blank">SEBI (Venture Capital Funds) (Amendment) Regulations, 2010</a> vide Notification <a href="http://www.sebi.gov.in/acts/venturenotify.pdf" target="_blank">No. LAD-NRO/GN/2010-11/07/1100 dated 13th April 2010</a>, the following updates are inserted:</p> <p align="justify"> <br />(i) after regulation 12, the following regulation shall be inserted, namely:- <br /><strong>âInvestment in securities listed on SME exchange</strong>. <br />12A. The venture capital fund may enter into an agreement with merchant banker to subscribe to the unsubscribed portion of the issue or to receive or deliver securities in the process of market making under Chapter XA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and the provisions of regulation 12 shall not apply in case of acquisition or sale of securities pursuant to such subscription or market making.â</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-67186690553414912852010-08-06T15:06:00.001+05:302010-08-08T19:48:00.029+05:30Understand Mutual Fund amendments 2010: offer period 15 days, refund & MF unit certificate 5 w.days & limits on fees/expenses on schemes<p align="justify">In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the following amendments were made through <a href="http://www.sebi.gov.in//acts/mfamendjuly29.pdf" target="_blank">SEBI (Mutual Funds) (Amendment) Regulations, 2010</a> vide <a href="http://www.sebi.gov.in//acts/mfamendjuly29.pdf" target="_blank">Notification No. LAD-NRO/GN/2010-11/13/13945 dated 29th July 2010</a> with immediate effect.</p> <p align="justify"><strong>Regulation 34: Offering Period</strong></p> <p align="justify">No scheme of a mutual fund other than the [initial] offering period of any equity linked savings schemes shall be open for subscription for more than <strong>15 days</strong> <strike>45 days</strike>.</p> <p align="justify"><strong>Regulation 35: Allotment of units & refund of moneys</strong></p> <p align="justify">(3) Any amount refundable under sub-regulation (2) shall be refunded within a period of <strong>5 working days </strong><strike>six weeks</strike> from the date of closure of subscription list, by Registered post with acknowledgement due and by cheque or demand draft marked âA/c payeeâ to the applicants. <br />(4) In the event of failure to refund the amounts within the period specified in subregulation (3), the asset management company shall be liable to pay interest to the applicants at a rate of fifteen per cent per annum from the expiry of <strong>5 working days </strong><strike>six weeks</strike> from the date of closure of the subscription list.</p> <p align="justify"><strong>Regulation 36: Statement of accounts or unit certificates</strong> <br />(1) The asset management company shall issue to the applicant whose application has been accepted, a statement of accounts specifying the number of units allotted to the applicant as soon as possible but not later than <strong>5 working days</strong><strike> thirty days </strike>from the date of closure of the initial subscription list and/or from the date of receipt of the request from the unitholders in any <strong>open ended scheme</strong>: <br />Provided that if an applicant so desires, the asset management company shall issue the unit certificates to the applicant within <strong>5 working days </strong><strike>thirty days </strike>of the receipt of request for the certificate.</p> <p align="justify">(2) An applicant in a <strong>close ended scheme</strong> whose application has been accepted shall have the option either to receive the statement of accounts or to hold units in dematerialised form and the asset management company shall issue to such applicant, a statement of accounts specifying the number of units allotted to the applicant or issue units in dematerialized form as soon as possible but not later than <strong>5 working days</strong> <strike>thirty days</strike> from the date of closure of the initial subscription list.</p> <p><strong>Regulation 52: Limitation on fees and expenses on issue of schemes</strong> <br />(3) <strike>For schemes launched on a no load basis, the asset management company shall be entitled to collect an additional management fee not exceeding 1% of the weekly average net assets outstanding in each financial year</strike>. [<strong>Omitted</strong>]</p> <p align="justify">(6) <strike>The total expenses of the scheme excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be subject to the following limits :â <br />(i) On the first Rs.100 crores of the average weekly net assets 2.5%; <br />(ii) On the next Rs.300 crores of the average weekly net assets 2.25%; <br />(iii) On the next Rs.300 crores of the average weekly net assets 2.0%; <br />(iv) On the balance of the assets 1.75% : <br />Provided that such recurring expenses shall be lesser by at least 0.25% of the weekly average net assets outstanding in each financial year in respect of a scheme investing in bonds : <br />Provided further that in case of a fund of funds scheme, the total expenses of the scheme including the management fees shall not exceed 0.75% of the daily or weekly average net assets, depending upon whether the NAV of the scheme is calculated on daily or weekly basis. <br />Provided further that in case of an index fund scheme, the total expenses of the scheme including the investment and advisory fees shall not exceed one and one half percent (1.5%) of the weekly average net assets</strike>. </p> <p align="justify">[The total expenses of the scheme excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be subject to the following limits:â <br />(a) in case of a <strong>fund of funds scheme</strong>, the total expenses of the scheme including the management fees shall be either:- <br />(i) not exceeding 0.75% of the daily or weekly average net assets, depending upon whether the NAV of the scheme is calculated on daily or weekly basis; or <br />(ii) it may consist of - <br />(A)management fees for the scheme not exceeding 0.75% of the daily or weekly average net assets depending upon whether the NAV of the scheme is calculated on daily or weekly basis; <br />(B) other expenses relating to administration of the scheme; <br />and <br />(C) charges levied by the underlying schemes: <br />Provided that the sum total of (A), (B) and the weighted average of the total expense ratio of the underlying schemes shall not exceed 2.50% of the daily <br />or weekly average net assets (depending upon whether the NAV of the scheme is calculated on daily or weekly basis) of the scheme. <br />(b) in case of an <strong>index fund scheme or exchange traded fund</strong>, the total expenses of the scheme including the investment and advisory fees shall not exceed one and one half percent (1.5%) of the weekly average net assets; <br />(c) in case of <strong>any other scheme</strong>- <br />(i) on the first Rs.100 crores of the daily or average weekly net assets 2.5%; <br />(ii) on the next Rs.300 crores of the daily or average weekly net assets 2.25%; <br />(iii) on the next Rs.300 crores of the daily or average weekly net assets 2.0%; <br />(iv) on the balance of the assets 1.75%: <br />Provided that in respect of a scheme investing in bonds such recurring expenses shall be lesser by at least 0.25% of the daily or weekly average net assets outstanding in each financial year.â]</p> <p align="justify"> </p> <p align="justify"><strong>Tenth Schedule (X): Amortisation of Initial Issue Expenses for close ended schemes</strong></p> <p align="justify">(e) <strike>For schemes floated on a âno-loadâ basis, the asset management company may levy an additional management fee not exceeding 1% of the NAV. The asset management company may be entitled to levy a contingent deferred sales charge for redemption during the first four years after purchase, not exceeding 4% of the redemption proceeds in the first year, 3% in the second year, 2% in the third year and 1% in the fourth year</strike>. <strong>[Omitted]</strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-5729305463992206582010-08-06T13:55:00.001+05:302010-08-06T13:55:53.825+05:30Equity Research Report on listed companies available for download: BSE/NSE website links for investors<p align="justify"><a href="http://www.sebi.gov.in/press/2010/2010161.html" target="_blank">PR No.161/2010</a></p> <p align="justify"><b>Independent Equity Research Reports on listed companies made available on Stock Exchange websites</b></p> <p align="justify">In a meeting of SEBI recognized Investorsâ Associations held on February 11, 2010, it was decided that independent equity research coverage on 20 listed companies each, for which research reports were not available hitherto, would be made available by Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on their websites by July 30, 2010 for the benefit of investors. Accordingly, both the exchanges have since made available on their respective websites, the first set of research reports. Further, exchanges have agreed to jointly frame the criteria for selection of further companies for such research coverage in future. </p> <p align="justify"><strong>Website links:</strong></p> <ul> <li> <div align="justify"><a href="http://www.nseindia.com/content/corporate/eq_research_reports.htm">http://www.nseindia.com/content/corporate/eq_research_reports.htm</a></div> </li> <li> <div align="justify"><a href="http://www.bseindia.com/sensex/research.aspx">http://www.bseindia.com/sensex/research.aspx</a></div> </li> </ul> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-6121336006106746832010-08-06T13:40:00.001+05:302010-08-06T13:40:05.210+05:30SEBI guidelines on Market Access through Authorised Persons under Stock Brokers regulation as amended on 2010<p align="justify">To expand the reach of the markets for exchange traded products, it has been decided to allow SEBI registered stock brokers (including trading members) of stock exchanges to provide access to clients through authorised <br />persons. </p> <p align="justify"><strong>Regulatory Framework for Market Access through Authorised Persons (<a href="http://www.sebi.gov.in/circulars/2009/mirsdcir01.pdf" target="_blank">MIRSD/ DR-1/ Cir- 16 /09 dated 6th November 2009</a>)</strong> <br />1. Who is an âAuthorised Personâ? <br />Any person - individual, partnership firm, LLP or body corporate â who is <br />appointed as such by a stock broker (including trading member) and who <br />provides access to trading platform of a stock exchange as <strong>an agent of the <br />stock broker. <br />2. Appointment of Authorised Person</strong> <br />A stock broker may appoint one or more authorised person(s) after obtaining <br />specific <strong>prior approval from the stock exchange</strong> concerned for each such person. The approval as well as the appointment shall be for specific segment of the exchange. <br /><strong>3. Procedure for Appointment <br /></strong>a) Stock broker shall select a person in compliance with the criteria laid down <br />by the Exchange and this framework for appointment as an authorized <br />person and forward the application of the person to stock exchange for <br />approval. <br />b) On receipt of the aforesaid application, the stock exchange <br />i. may accord approval on satisfying itself that the person is eligible for <br />appointment as authorized person, or <br />ii. may refuse approval on satisfying itself that the person is not eligible for <br />appointment as authorized person. <br /><strong>4. Eligibility Criteria</strong> <br />4.1 An individual is eligible to be appointed as authorised person if he: <br />a) is a citizen of India; <br />b) is not less than 18 years of age; <br />c) has not been convicted of any offence involving fraud or dishonesty; <br />d) has good reputation and character; <br />e) has passed at least 10th standard or equivalent examination from an <br />institution recognized by the Government; and <br /><strike>f) has the certification, as applicable to approved user / sales personnel of <br />the respective segment, and undertakes to continue to have valid <br />certification thereafter.</strike> [vide <a href="http://www.sebi.gov.in/circulars/2010/cirmirsdap08.pdf" target="_blank">SEBI/Cir/MIRSD/AP/8/2010 dated 23rd July 2010</a>] <br />(Stock Exchange shall prescribe appropriate certification if no such <br />certification is prescribed under SEBI Regulations and monitor <br />compliance.) <br />4.2 A partnership firm, LLP or a body corporate is eligible to be appointed as <br />authorized person <br />a) if all the partners or directors, as the case may be, comply with the <br />requirements contained in clause 4.1 above. <br />b) the object clause of the partnership deed or of the Memorandum of <br />Association contains a clause permitting the person to deal in securities <br />business. <br />4.3 The person shall have the necessary infrastructure like adequate office <br />space, equipment and manpower to effectively discharge the activities on <br />behalf of the stock broker.</p> <p align="justify">4.4 The approved users and/or sales personnel of Authorised Persons shall have the necessary certification of the respective segments at all points of time. [vide <a href="http://www.sebi.gov.in/circulars/2010/cirmirsdap08.pdf" target="_blank">SEBI/Cir/MIRSD/AP/8/2010 dated 23rd July 2010</a>] <br /><strong>5. Conditions of Appointment <br /></strong>The following are the conditions of appointment of an authorised person: <br />a) The stock broker shall be responsible for all acts of omission and <br />commission of the authorized person. <br />b) All acts of omission and commission of the authorized person shall be <br />deemed to be those of the stock broker. <br />c) The authorized person shall not receive or pay any money or securities <br />in its own name or account. All receipts and payments of securities and <br />funds shall be in the name or account of stock broker. <br />d) The authorised person shall receive his remuneration - fees, charges, <br />commission, salary, etc. - for his services only from the stock broker and <br />he shall not charge any amount from the clients. <br />e) A person shall not be appointed as authorized person by more than one <br />stock broker on the same stock exchange. <br />f) A partner or director of an authorised person shall not be appointed as <br />an authorised person on the same stock exchange. <br />g) The stock broker and authorised person shall enter into written <br />agreement(s) in the form(s) specified by Exchange. The agreement shall <br />inter-alia cover scope of the activities, responsibilities, confidentiality of <br />information, commission sharing, termination clause, etc. <br /><strong>6. Withdrawal of Approval</strong> <br />Approval given to an authorised person may be withdrawn by the stock <br />exchange: <br />a) on receipt of a request to that effect from the stock broker concerned or <br />the authorised person, subject to compliance with the requirements <br />prescribed by the stock exchange, or <br />b) on being satisfied that the continuation of authorised person is <br />detrimental to the interest of investors or securities market or the <br />authorised person at a subsequent date becomes ineligible under clause <br />4 above. <br /><strong>7. Obligations of Stock Broker</strong> <br />a) The stock broker shall be responsible for all acts of omission and <br />commission of his authorised person(s) and/or their employees, <br />including liabilities arising there from. <br />b) If any trading terminal is provided by the stock broker to an authorised <br />person, the place where such trading terminal is located shall be treated <br />as branch office of the stock broker. <br />c) Stock broker shall display at each branch office additional information <br />such as particulars of authorised person in charge of that branch, time <br />lines for dealing through authorised person, etc., as may be specified by <br />the stock exchange. <br />d) Stock broker shall notify changes, if any, in the authorised person to all <br />registered clients of that branch at least thirty days before the change. <br />e) Stock broker shall conduct periodic inspection of branches assigned to <br />authorised persons and records of the operations carried out by them. <br />f) The client shall be registered with stock broker only. The funds and <br />securities of the clients shall be settled directly between stock broker and <br />client and all documents like contract note, statement of funds and <br />securities would be issued to client by stock broker. Authorised person <br />may provide administrative assistance in procurement of documents and <br />settlement, but shall not issue any document to client in its own name. <br />No fund/securities of clients shall go to account of authorized person. <br />g) On noticing irregularities, if any, in the operations of authorised person, <br />stock broker shall seek withdrawal of approval, withhold all moneys due <br />to authorised person till resolution of investor problems, alert investors in <br />the location where authorised person operates, file a complaint with the <br />police, and take all measures required to protect the interest of investors <br />and market. <br /><strong>8. Obligations of Exchange <br /></strong>a) The stock exchange shall maintain a database of all the authorised <br />persons which shall include the following: <br />I. PAN Number of authorised person and in case of partnership or body <br />corporate, PAN Number of all the partners or directors as the case <br />may be. <br />II. Details of the broker with whom the authorised person is registered. <br />III. Locations of branch assigned to authorised person(s). <br />IV. Number of terminals and their details, given to each authorised person. <br />V. Withdrawal of approval of authorised person. <br />VI. Change in status or constitution of authorised person. <br />VII. Disciplinary action taken by the Exchange against the authorised <br />person. <br />All the above details, except I above, shall be made available on web site of <br />the stock exchange. <br />b) While conducting the inspection of the stock broker, the stock exchange <br />shall also conduct inspection of branches where the terminals of <br />authorised persons are located and records of the operations carried out <br />by them. <br />c) Dispute between a client and an authorised person shall be treated as <br />dispute between the client and the stock broker and the same shall be <br />redressed by the stock exchange accordingly. <br />d) In case of withdrawal of approval of authorised person due to <br />disciplinary action, the stock exchange shall issue a press release and <br />disseminate the names of such authorised persons on its website citing <br />the reason for cancellation.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-51296487280134390702010-08-06T12:47:00.001+05:302010-08-06T12:47:53.398+05:30How to find whether your Investors Complaints are received by Mutual Fund - AMFI website link<p align="justify"><strong>Disclosure of investor complaints with respect to Mutual Funds</strong> <br />SEBI has received feedback from investors and Investorsâ Associations to improve transparency in the âgrievance redressal mechanismâ. Based on the same, transparency in âgrievance redressalâ is identified as a key area to augment investor protection. It is envisaged that transparency will also improve the general functioning of the market by providing investors the wherewithal to make an informed choice. <br /></p> <p align="justify">Accordingly, it has been decided that Mutual Funds shall henceforth disclose on </p> <ul> <li> <div align="justify">their websites, </div> </li> <li> <div align="justify"><a href="http://www.amfiindia.com/InvestorComplaintReport_Frm.aspx" target="_blank">on the AMFI website</a> </div> </li> <li> <div align="justify">as well as in their Annual Reports, </div> </li> </ul> <p align="justify">the details of investor complaints received by them from all sources. The said details should be vetted and signed off by the <strong>Trustees</strong> of the concerned Mutual Fund. <br /></p> <p align="justify">The format for the aforesaid disclosure is given as Annexure to this Circular <a href="http://www.sebi.gov.in//circulars/2010/cirimddf22010.pdf" target="_blank">Cir / IMD / DF / 2 / 2010 dated 13th May 2010</a>.</p> <p align="justify">AMFI Website Link to view Details of Investors Complaints received by Mutual Fund</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-35805941328077897232010-08-06T12:36:00.001+05:302010-08-06T12:37:22.832+05:30Change of status or constitution or control of Credit Rating Agency requires prior approval of SEBI - CRA amendment 2010<h3 align="justify"><a href="http://www.sebi.gov.in//circulars/2010/cirmirsdcra2010.pdf" target="_blank">CIR/MIRSD/CRA/7/2010 dated 13th May 2010 read with Gazette Notification No. LAD-NRO/GN/2009-2010/30/199044 dated 19th March 2010 and issue of SEBI (CREDIT RATING AGENCIES) (AMENDMENT) REGULATIONS, 2010</a></h3> <p align="justify">In the Securities and Exchange Board of India (Credit Rating Agencies) Regulation, 1999: - <br />(i) in regulation 2, in sub-regulation (1), after clause (e), the following clauses shall be inserted, namely:- <br /><strong>â(ei) âchange of status or constitutionâ</strong> in relation to a credit rating agency - <br />(i) means any change in its status or constitution of whatsoever nature; and <br />(ii) without prejudice to generality of sub-clause (i), includesâ <br />(A) amalgamation, demerger, consolidation or any other kind of corporate <br />restructuring falling within the scope of section 391 of the Companies Act, <br />1956 (1 of 1956) or the corresponding provision of any other law for the <br />time being in force; <br />(B) change in its managing director or whole-time director; and <br />(C) any change in control over the body corporate; <br /><strong>(eii)âchange in controlâ</strong>, in relation to a credit rating agency being a body <br />corporate, means:â <br />(i) if its shares are listed on any recognised stock exchange, change in control <br />as defined under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997; <br />(ii) in any other case, change in the controlling interest in the body corporate. <br />Explanation: For the purpose of sub-clause (ii), the expression âcontrolling interestâ means an interest, whether direct or indirect, to the extent of at least <strong>51%</strong> of voting rights in the body corporate;â <br /></p> <p align="justify">In regulation 9, in sub-regulation (1), after clause (b), the following clause shall be inserted, namely:- <br />â(c) where the credit rating agency proposes to change its status or constitution, it shall obtain<strong> prior approval of SEBI</strong> for continuing to act as such after the change.â </p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-44378314803016329912010-08-06T12:24:00.001+05:302010-08-06T12:24:55.287+05:30Declaration & Undertakings regarding PCC, MCV or equivalent structure by FIIs to be submitted within 30th September 2010<p align="justify"><strong>Sub: Additional information regarding PCC, MCV or equivalent structure by FIIs. <br /></strong>In order to ascertain the constitution of Foreign Institutional Investors (FII) <br />and Sub Accounts (SA), it has been decided to gather additional information pertaining to their structure. <br /></p> <p align="justify">In view of the above, all applications submitted for registration <strong>w.e.f April <br />07, 2010</strong> shall be accompanied by the following declarations and undertakings on the letter head of respective FII, duly signed by its authorised signatory on behalf of itself and all its Sub Accounts. <br /><strong><u>Declarations</u></strong> <br />The applicants are required to provide the following declarations on its letter <br />head (Please tick whichever applicable). <br />(a) The applicant declares that it is not a Protected Cell Company (PCC) or <br />Segregated Portfolio Company (SPC) and does not have an equivalent <br />structure by whatever nomenclature. <br />(b) The applicant declares that it is not a Multi Class Share Vehicle (MCV) by <br />constitution and does not have an equivalent structure by whatever <br />nomenclature. It contains only single class of share. <br />(c) The applicant declares that it is a MCV by constitution and has more than <br />one class of shares or has an equivalent structure and that a common <br />portfolio is maintained for all classes of shares and satisfies broad based <br />criteria. <br />OR <br />(c) A segregated portfolio is maintained for separate classes of shares <br />wherein each such class of shares are in turn broad based. <br /><strong><u>Undertakings</u></strong> <br />In case the applicant is/ proposed to be a MCV or an equivalent structure and have more than one class of shares, it shall undertake the following on its letter head: <br />(a) Common portfolios shall be allocated across various share classes and it <br />shall be broad based; <br />OR <br />(a) If portfolios are segregated for each distinct share class, then each such <br />share class shall satisfy the broad based criteria; <br />(b) In case of change in structure/ constitution/ addition of classes of shares, <br />prior approval of SEBI shall be taken; <br />(c) In case of any addition of share classes, it shall follow the criteria at (a) <br />above. <br /></p> <p align="justify">All the existing Foreign Institutional Investors and Sub Accounts who are already registered as on April 07, 2010, shall provide the abovementioned declarations and undertakings on or before <strong>September 30, 2010</strong>. <br /></p> <p align="justify">The custodians are requested to bring the contents of this circular to the notice of their respective FII clients for compliance with the timelines indicated herein.</p> <p><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirimdfiic12010.pdf" target="_blank">CIR/IMD/FIIC/1/ 2010 dated 15th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-58695562473414794122010-08-06T12:18:00.001+05:302010-08-06T12:18:09.479+05:30Three principles for identification of deprived persons, amount and the method of reallocation in SEBI's disgorgement process - Justice Wadhwa Committee<p align="justify"><b>SEBIâs Disbursement Process of Disgorged Amount in IPO</b></p> <p align="justify">It is with regard to the disbursement of reallocation amount to investors from the amount disgorged in the matter of IPO irregularities.  </p> <p align="justify">Justice Wadhwa committee submitted its report to SEBI while concluding that reallocation in terms of shares will not be practical it enunciated three principles for identification of deprived persons, amount and the method of reallocation, as under: (<strong>Source: <b><a href="http://www.sebi.gov.in//press/2010/93200.html" target="_blank">PR No.93/2010</a></b></strong>)</p> <p align="justify">I. <b>Quantification of the amount of unjust enrichment: </b>The gains associated with the number of shares allotted to applicants who had illegally cornered shares in the IPOs shall be treated as unjust allotments / enrichment.</p> <p align="justify">II. <b>Identification of âdeprivedâ applicants: </b>The totally unsuccessful applicants shall have a call on the reallocation. These applicants will be considered for the amount which is the difference of closing price of shares on the first day of listing / trading at NSE and the IPO issue price.</p> <p align="justify">III. <b>Basis for re-allocation amongst deprived applicants:</b> The totally unsuccessful applicants shall be reallocated money value as computed above from recovered unjust gains, till they each receive the gains associated with minimum shares allotted to the lowest category in the IPO.</p> <p align="justify"> </p> <p align="justify"><b>Disgorgement</b></p> <p align="justify">It is well established worldwide that the power to disgorge is an equitable remedy and is not a penal or even a quasi-penal action. Thus it differs from actions like forfeiture and impounding of assets or money. Unlike damages, it is a method of forcing a defendant to give up the amount by which he or she was unjustly enriched. Disgorgement is intended not to impose on defendants any demand not already imposed by law, but only to deprive them of the fruit of their illegal behavior. It is designed to undo what could have been prevented had the defendants not outdistanced the investors in their unlawful project. In short, disgorgement merely discontinues an illegal arrangement and restores the <i>status quo ante</i> (See 1986 (160) ITR 969). Disgorgement is a useful equitable remedy because it strips the perpetrator of the fruits of his unlawful activity and returns him to the position he was in before he broke the law. The order of disgorgement would not prejudice the right of the regulator to take such further administrative, civil and criminal action as the facts of the case may warrant.</p> <p align="justify"><strong>Disgorgement amount =</strong> No. of shares allotted to specified persons <b>X</b> (closing price on the date of listing â allotment price in IPO)</p> <p align="justify"><b>SEBIâs Power to Issue directions for disgorgement of ill-gotten gains</b></p> <p align="justify">In the matter of construction of enabling statutes, the principle applicable is that if the Legislature enables something to be done, it gives power at the same time, by necessary implication, to do everything which is indispensable for the purpose of carrying out the purpose in view (see Craies on <i>Statutes</i>, 7th edn., p. 258). It has been held that the power to make a law with respect to any subject carries with it all the ancillary and incidental powers to make the law effective and workable and to prevent evasion (see Sodhi Transport Co. v. State of UP 1986 (1) SCR 939 at pp. 947-48 : AIR 1986 SC 1099)</p> <p align="justify">In the case of ITO v. Mohammed Kunhi AIR 1969 SC 430, it has been observed as under:</p> <p align="justify">".... It is a firmly established rule that an express grant of statutory power carried with it by necessary implication the authority to use all reasonable means to make such grant effective.</p> <p align="justify">***</p> <p align="justify">Therefore, in our view, the express grant of statutory power conferred by section 11B carries the authority to use of reasonable means to make such power effective."</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-73037301749686868362010-08-06T12:00:00.001+05:302010-08-06T12:00:13.349+05:30Closing/shifting your Demat account, get refund of AMC collected upfront on annual/half yearly basis by Depository Partcipant (DP) now<p align="justify"><strong>Account Maintenance Charges collected upfront on annual/ half <br />yearly basis on demat accounts <br /></strong>The Depository Participants (DPs) have a system of collecting account maintenance charge (AMC) from beneficial owners (BOs) towards maintenance of demat accounts for varied periodicity of collection (viz. monthly, quarterly, half yearly and annually). It has been noticed that in cases where AMC is collected on an annual upfront basis, on closure/shifting of demat account, the AMC for the balance period for which no service has been provided by the DP, is not refunded to the BO. <br /></p> <p align="justify">In view of the above, it has been decided that in the event of closing of the demat account or shifting of the demat account from one DP to another, the AMC collected upfront on annual/half yearly basis by the DP, shall be refunded by the DP to the BO for the balance of the quarter/s. For instance, in case annual AMC has been paid by the BO and if the BO closes/shifts his account in the first quarter, he shall be refunded the amount of the balance 3 quarters i.e. 3/4th of the AMC. Likewise, if a BO closes/shifts his account in the third quarter, he shall be refunded the amount for the balance one quarter i.e. 1/4th of the AMC. <br /></p> <p align="justify">For the purpose of the above requirement the year shall begin from the date <br />of opening of the account in quarterly rests. <br /> <br /><strong>The above requirements shall be applicable to all existing and new accounts held with DPs which collect annual/half yearly upfront AMC. It is hereby clarified that the above requirements shall not be applicable to those DPs who collect quarterly/ monthly AMC.</strong></p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirmrddp202010.pdf" target="_blank">CIR/MRD/DP/ 20 /2010 dated 1st July 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com13tag:blogger.com,1999:blog-9191919080550540685.post-35665627610542376652010-08-06T11:42:00.001+05:302010-08-06T11:43:42.820+05:30Weekly reporting by FII (lending) on every friday, to be made available to public every tuesday - Website link & email id<p align="justify"><strong>Reporting of Lending of securities bought in the Indian Market</strong> <br />1. Please refer to Circular <a href="http://www.sebi.gov.in/circulars/2008/circular-fii1008.html" target="_blank">No. IMD/FII&C/32/2008 dated October 16, 2008</a> read with Circular No. <a href="http://www.sebi.gov.in/circulars/2008/fiicir3408.html" target="_blank">IMD/FII&C/34/2008 dated October 20, 2008</a> related to reporting of information pertaining to securities lent by the FIIs to entities abroad. <br /></p> <p align="justify">Based on these reports, FIIs have been submitting daily reports based on which disclosures have been made available for public dissemination at <a href="http://203.199.12.51/SecuritiesLentMain.html">http://203.199.12.51/SecuritiesLentMain.html</a> twice in a week, one on Tuesday and another on Friday. <br /></p> <p align="justify">On a review it has been decided to modify the periodicity of these reports from daily submissions to weekly submissions. In accordance with this change in periodicity of reports, the FIIs shall now be required to submit the reports every <strong>Friday</strong>.</p> <p align="justify">The public dissemination has also accordingly been changed to once a week â i.e. every <strong>Tuesday</strong>. <br /></p> <p align="justify">In view of the change in the periodicity of the reporting, <strong>PN issuing FIIs</strong> would be required to submit the following undertaking along with the weekly report: âAny fresh short position shall be immediately reported to SEBIâ. <br /></p> <p align="justify">This information is required to be submitted by the FIIs to SEBI only to the dedicated e-mail <a href="mailto:idodireporting@sebi.gov.in">idodireporting@sebi.gov.in</a>.</p> <p><strong>Source: <a href="http://www.sebi.gov.in//circulars/2010/cirimdfiic42010.pdf" target="_blank">Cir No.IMD/FII&C/ 4 /2010 dated 29th June 2010</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-48669885993966889092010-08-06T11:26:00.001+05:302010-08-06T11:26:01.459+05:30What exam for approved users & sales personnel of trading members in currency derivatives segment and trading in interest rate derivatives, register for NISM now<p align="justify"><strong><a href="http://www.sebi.gov.in//acts/securitynoti.pdf" target="_blank">Notification No. LAD-NRO/GN/2010-11/12/10230</a> dated 29th June 2010 under regulation 3 of the Securities and Exchange Board of India <a href="http://yehseeyes.blogspot.com/2007/10/securities-and-exchange-board-of-india.html" target="_blank">(Certification of Associated Persons in the Securities Markets) Regulations, 2007</a> <br /></strong>WHEREAS the National Institute of Securities Markets (hereinafter referred to as NISM) has issued a communiquĂ© no. <a href="http://www.nism.ac.in/index.php?option=com_content&view=article&id=124:nismcertificationseries-iv-ird20101-dated-may-18-2010&catid=37:notifications&Itemid=80" target="_blank">NISM/Certification/Series-IV:IRD/2010/1 dated May 18, 2010, on âNISM-Series-IV: Interest Rate Derivatives Certification Examinationâ (hereinafter referred to as âthe Series-IV: IRDâ)</a> for approved users and sales personnel of the trading members who are registered as such in the currency derivatives segment of a recognized stock exchange and trading in interest rate derivatives. <br /></p> <p align="justify">NOW THEREFORE the Securities and Exchange Board of India approves the Series-IV: IRD, as issued by NISM vide aforesaid communiquĂ©, as the required certification for approved users and sales personnel of the abovementioned trading member for the purpose of sub-regulation (2) of regulation 16L of the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Regulations, 1992 read with <a href="http://www.sebi.gov.in/circulars/2009/irfcir.pdf" target="_blank">Circular No. SEBI/DNPD/Cir-46/2009 dated August 28, 2009</a>. <br /></p> <p align="justify">NOW THEREFORE such trading member shall ensure that all its existing approved users and sales personnel obtain Series-IV: IRD certification <strong>within 2 years</strong> from the date of this notification. <br /></p> <p align="justify">FURTHER such trading member shall ensure that every approved user and sales personnel employed by it after the date of this notification, obtains Series-IV: IRD certification <strong>within 1 year</strong> from the date of employment.</p> <p><strong>Registration:</strong></p> <ul> <li><a href="http://www.nseindia.com/content/ncfm/ncfm_nism_modules.htm"><strong>Register through NSE</strong></a> </li> <li><a href="http://www.bseindia.com/training/nismregistration.asp"><strong>Register through BSE</strong></a> </li> <li><a href="https://nism.mcx-sx.com/index.htm"><strong>Register through MCX-SX</strong></a> </li> </ul> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-68586481413433479412010-08-06T11:04:00.001+05:302010-08-06T11:04:40.616+05:30What exam for distributors, agents or any persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products by SEBI NISM?<p align="justify"><a href="http://www.sebi.gov.in//circulars/2010/cirimddf52010.pdf" target="_blank">Cir / IMD / DF / 5 / 2010 June 24 , 2010</a> <br /><strong>All Mutual Funds, Asset Management Companies (AMCs) <br /> <br />Sub: Certification Programme for sale and/ or distribution of mutual fund products</strong> <br />In terms of SEBI Circulars dated September 25, 2001, November 28, 2002, April 03, 2003 and February 04, 2004 about, inter alia, the captioned subject, agents/distributors of mutual fund units were required to obtain certification from the Association of Mutual Funds in India (AMFI) by passing a certification examination, and to obtain registration with AMFI. <br /></p> <p align="justify">In terms of SEBI <a href="http://www.sebi.gov.in//circulars/2010/cirimddf52010.pdf" target="_blank">notification No. LAD-NRO/GN/2010-11/09/6422 dated May 31, 2010</a>, under regulation 3 (1) of the <a href="http://yehseeyes.blogspot.com/2007/10/securities-and-exchange-board-of-india.html" target="_blank">(Certification of Associated Persons in the Securities Markets) Regulations, 2007, (Certification Regulations)</a> it has been decided that from <strong>June 01, 2010</strong>, the certification examination for distributors, agents or any other persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products, would be conducted by the <a href="http://www.nism.ac.in/" target="_blank">National Institute of Securities Markets (NISM)</a>.  Accordingly, it was notified that with effect from <strong>June 01, 2010</strong>, the following category of associated persons, i.e., distributors, agents or any persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products, shall be required to have a valid certification from the National Institute of Securities Markets (NISM) by passing the certification examination as mentioned in the <strong><a href="http://www.nism.ac.in/index.php?option=com_content&view=article&id=121:nismcertificationseries-v-amfd20101-dated-may-5-2010&catid=37:notifications&Itemid=80" target="_blank">NISM communiquĂ© NISM/Certification/Series-V-A: MFD/2010/01 dated May 05, 2010</a></strong>. <br />Provided that if the said associated person possesses a valid certificate by passing before June 01, 2010, the AMFI Mutual Fund (Advisors) Module, he shall be exempted from the requirement of the aforementioned NISM certification examination.</p> <p align="justify"> <br /></p> <p align="justify">Under the existing instructions, the agent/ distributor was <strong>exempted</strong> from the AMFI certification examination if he had completed <strong>50 years of age</strong> and had at least 5 years of experience in distribution of mutual fund units. As per regulation 4 (3) of the Certification Regulations, persons who have attained the age of fifty years or who have at least <strong>ten years experience</strong> in the securities markets in the sale and/ or distribution of mutual fund products <strong>as on May 31, 2010</strong>, will be given the option of obtaining the certification either by passing the NISM certification examination or qualifying for Continuing Professional Education (CPE) by obtaining such <strong>classroom credits</strong> as may be specified by NISM from time to time. <br /></p> <p align="justify">The Certification Regulations require the persons referred to in para 2 above to comply with the requirements for CPE as specified by NISM within the validity period of the certificate obtained by passing the certification examination. <br />However, to facilitate the <strong>transition process</strong> from AMFI to NISM, it has been decided that a person holding a valid AMFI certification whose validity expires between June 01, 2010 and December 31, 2010, would be required to comply with the CPE requirements as laid down by NISM under the relevant clauses of the Certification Regulations, by December 31, 2010. <br /></p> <p align="justify">An associated person holding a valid AMFI/NISM certification whose validity <br />expires anytime after December 31, 2010, would be required to comply with the CPE requirements as laid down by NISM under the relevant clauses of the Certification Regulations, prior to the expiry of the validity of the certification.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-61154296544929182452010-08-06T10:40:00.001+05:302010-08-06T10:40:09.295+05:30NSE website link of QIP offer documents with shareholding pattern as filed under Clause 35 format<p align="justify"><strong>Sub: Disclosure of details of the allottees in the Qualified Institutional Placements (QIP) made by issuer company</strong> <br /></p> <p align="justify">SEBI has decided that the details of allottees and the corresponding pre and post QIP issue shareholding in the issuer company may be disclosed on the website of the stock exchanges. Accordingly, this circular is issued in exercise of powers conferred by sub-section (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.   Ensure that the details of those allottes in QIP who have been allotted more than 5% of the securities offered in the QIP, viz names of the allottees and number of securities allotted to each of them, pre and post issue shareholding pattern of the issuer in the format specified in clause 35 of the Equity Listing Agreement shall be made available on the website of stock exchanges along with the final placement document. <br /></p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in/circulars/2010/qipcircular.pdf" target="_blank">SEBI/CFD/DIL/LA/1/2010/05/03 dated 5th March 2010</a></p> <p align="justify">Hence, the new disclosures can be found at </p> <a href="http://www.nseindia.com/content/equities/jp_qipfinal_new.htm">http://www.nseindia.com/content/equities/jp_qipfinal_new.htm</a> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com4tag:blogger.com,1999:blog-9191919080550540685.post-18048826135342542332010-08-05T22:05:00.001+05:302010-08-05T22:05:44.112+05:30Issue of Debt Securities now has Non-Convertible Debentures (Reserve Bank) Directions, 2010 in addition to compliance under Companies Act & SEBI regulation<p align="justify"><strong>Reporting of Issuance of Non Convertible Debentures</strong></p> <p align="justify">The Reserve Bank of India has issued the âIssuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010â vide <a href="http://www.rbi.org.in/NotificationUser.aspx?Id=5743&Mode=0">IDMD.DOD.9/11.01.01(A)/2009-10 dated June 23, 2010</a> (which is made effective from 2nd August 2010) regarding regulation of non-convertible debentures of maturity <strong>up to one year (NCDs)</strong>. In terms of paragraph 12.7 of the said Directions read with paragraphs 12.4, 12.5 and 12.6 ibid, the <strong>Debenture Trustees are required to report</strong> the details of issuance of the NCDs, the outstanding amount of NCDs and default in repayment of NCDs to the Financial Markets Department, Reserve Bank of India, Central Office, Mumbai 400 001.</p> <p align="justify">It is advised to submit the required information as per format enclosed in </p> <ol> <li> <div align="justify"><a href="http://rbidocs.rbi.org.in/rdocs/content/DOCs/NCDRF0710_A1.xls">Annex 1</a> (details of issuance of NCDs), </div> </li> <li> <div align="justify"><a href="http://rbidocs.rbi.org.in/rdocs/content/DOCs/NCDRF0710_A2.xls">Annex 2</a> (outstanding amount of NCDs), and </div> </li> <li> <div align="justify"><a href="http://rbidocs.rbi.org.in/rdocs/content/DOCs/NCDRF0710_A3.xls">Annex 3</a> (particulars of default in repayment of NCDs) to the Chief General Manager, Financial Markets Department, Reserve Bank of India, Central Office, Fort Mumbai 400 001 (Fax: 022-22630981/22634824; <a href="mailto:cgmfmd@rbi.org.in">e-mail</a>). </div> </li> <li> <div align="justify">The required information may be submitted in hard as well as soft copies. </div> </li> <li> <div align="justify">While the report on issuance of NCDs may be submitted within <strong>3 days</strong> from the date of completion of the issue and</div> </li> <li> <div align="justify">the report on default in repayment may be submitted <strong>immediately</strong>, </div> </li> <li> <div align="justify">the report on outstanding amount of NCDs may be submitted on <strong>quarterly basis within five working days</strong> from the completion of the calendar quarter to which the report pertains.</div> </li> </ol> <p align="justify"><strong><u>Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010 â An Understanding:</u></strong></p> <p align="justify">The Reserve Bank of India, having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of its powers conferred under sections 45K, 45L and  45W of the Reserve Bank of India Act, 1934 and of all the powers enabling it in this behalf, hereby gives to the agencies dealing in securities and money market instruments, the following directions for issuance of Non-Convertible Debentures (NCDs) of original or initial maturity up to one year.</p> <p align="justify"><strong>Definition: </strong>Non-Convertible Debenture (NCD) means <em>a debt instrument issued by a corporate (including NBFCs) with original or initial maturity up to one year and issued by way of private placement; </em></p> <p align="justify"><em>âCorporateâ means a company as defined in the Companies Act, 1956 (including NBFCs) and a corporation established by an act of any Legislature.</em></p> <p align="justify"><strong>Eligibility to issue NCDs</strong> <br />A corporate shall be eligible to issue NCDs if it fulfills the following criteria, namely,</p> <ol> <li> <div align="justify">the corporate has a tangible net worth of not less than <strong>Rs.4 crore</strong>, as per the latest audited balance sheet;<u></u></div> </li> <li> <div align="justify">the corporate has been sanctioned <strong>working capital limit </strong>or term loan by bank/s or all-India financial institution/s; and <br /></div> <u></u></li> <li> <div align="justify">the borrowal account of the corporate is classified as a <strong>Standard Asset</strong> by the financing bank/s or institution/s.<u></u></div> </li> </ol> <p align="justify"><strong>Rating Requirement</strong> <br />An eligible corporate intending to issue NCDs shall obtain credit rating for issuance of the NCDs from <strong>one of the rating agencies</strong>, viz., the Credit Rating Information Services of India Ltd. (CRISIL) or the Investment Information and Credit Rating Agency of India Ltd. (ICRA) or the Credit Analysis and Research Ltd. (CARE) or the FITCH Ratings India Pvt. Ltd or such other agencies <strong>registered with</strong> Securities and Exchange Board of India (SEBI) or such other credit rating agencies as may be specified by the Reserve Bank of India from time to time, for the purpose. <br />The minimum credit rating shall be <strong>P-2 of CRISIL or such equivalent</strong> rating by other agencies.</p> <p align="justify">The Corporate shall ensure at the time of issuance of NCDs that the rating so obtained <strong>is current </strong>and has not fallen due for review.</p> <p align="justify"><strong>Maturity</strong></p> <ul> <li> <div align="justify">NCDs shall be issued for maturities of <strong>90 days or more</strong> from the date of issue.</div> </li> <li> <div align="justify">The exercise date of option (put/call), if any, attached to the NCDs shall fall <strong>after the period of 90 days</strong> from the date of issue. </div> </li> <li> <div align="justify">The tenor of the NCDs shall <strong>not exceed the validity period of the credit rating</strong> of the instrument.</div> </li> </ul> <p align="justify"><strong>Denomination</strong> <br />NCDs may be issued in denominations with a minimum of <strong>Rs.5 lakh (face value) and in multiples of Rs.1 lakh</strong>.</p> <p align="justify"><strong>Limits and the Amount of Issue of NCDs</strong></p> <ol> <li> <div align="justify">The aggregate amount of NCDs issued by a corporate shall be <strong>within such limit</strong> as may be approved by the Board of Directors of the corporate or the quantum indicated by the Credit Rating Agency for the rating granted, whichever is lower.</div> </li> <li> <div align="justify">The total amount of NCDs proposed to be issued shall be completed within a period of <strong>2 weeks </strong>from the date on which the corporate opens the issue for subscription.</div> </li> </ol> <p align="justify"><strong>Procedure for Issuance </strong></p> <ol> <li> <div align="justify">The corporate shall disclose to the prospective investors, its financial position as per the standard market practice.</div> </li> <li> <div align="justify">The <strong>auditors</strong> of the corporate shall certify to the investors that all the eligibility conditions set forth in these directions for the issue of NCDs are met by the corporate.</div> </li> <li> <div align="justify">The requirements of all the provisions of the Companies Act, 1956 and the <a href="http://yehseeyes.blogspot.com/2008/06/sebi-simplifies-issuance-and-listing-of.html" target="_blank">Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008,</a> or any other law, that may be applicable, shall be complied with by the corporate and shall also comply with <a href="http://yehseeyes.blogspot.com/2009/05/understand-30-clauses-of-debt.html" target="_blank">Debt Listing Agreement</a>.</div> </li> <li> <div align="justify">The <strong>Debenture Certificate</strong> shall be issued within the period prescribed in the Companies Act, 1956 or any other law as in force at the time of issuance.  </div> </li> <li> <div align="justify">NCDs may be issued at face value carrying a coupon rate or at a discount to face value as zero coupon instruments as determined by the corporate.</div> </li> </ol> <p align="justify"><strong>Debenture Trustee</strong></p> <ul> <li> <div align="justify">Every corporate issuing NCDs shall appoint a Debenture Trustee (DT) for each issuance of the NCDs.</div> </li> <li> <div align="justify">Any entity that is registered as a DT with the SEBI under SEBI (Debenture Trustees) Regulations, 1993, shall be eligible to act as DT for issue of the NCDs only subject to compliance with the requirement of these Directions.</div> </li> <li> <div align="justify">The DT shall submit to the Reserve Bank of India such information as required by it from time to time.</div> </li> </ul> <p align="justify"><strong>Investment in NCD</strong> <br />NCDs may be issued to and held by individuals, banks, Primary Dealers (PDs), other corporate bodies including insurance companies and mutual funds registered or incorporated in India and unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs).</p> <ul> <li> <div align="justify">Investments in NCDs by Banks/PDs shall be subject to the approval of the respective regulators.</div> </li> <li> <div align="justify">Investments by the FIIs shall be within such limits as may be set forth in this regard from time to time by the SEBI.</div> </li> </ul> <p align="justify"><strong>Preference for Dematerialisation</strong></p> <p align="justify">While option is available to both issuers and subscribers to issue/hold NCDs in dematerialised or physical form, they are <strong>encouraged</strong> to issue/ hold NCDs in dematerialised form. However, <strong>banks, FIs and PDs</strong> are required to make fresh investments in NCDs only in dematerialised form.</p> <p align="justify"><strong>Roles and Responsibilities</strong></p> <p align="justify">12.1 The role and responsibilities of corporates, DTs and the credit rating agencies (CRAs) are set out below:</p> <p align="justify"><strong>(a) Corporates</strong> <br />12.2 Corporates shall ensure that the guidelines and procedures laid down for issuance of NCD are strictly adhered to. <br /><strong>(b) Debenture Trustees </strong> <br />12.3 The roles, responsibilities, duties and functions of the DTs shall be guided by these regulations, the Securities and Exchange Board of India (Debenture Trustees) Regulations,1993, the trust deed and offer document. <br />12.4 The DTs shall report, within three days from the date of completion of the issue, the issuance details to the Chief General Manager, Financial Markets Department, Reserve Bank of India, Central Office, Fort, Mumbai-400001. <br />12.5 DTs should submit to the Reserve Bank of India (on a quarterly basis) a report on the outstanding amount of NCDs of maturity up to year. <br />12.6 In order to monitor defaults in redemption of NCDs, the DTs are advised to report immediately, on occurrence, full particulars of defaults in repayment of NCDs to the Financial Markets Department, Reserve Bank of India, Central Office, Fort, Mumbai-400001, Fax: 022-22630981/22634824. <br />12.7 The DTs shall report the information called for under para 12.4, 12.5 and 12.6 of these Directions as per the format notified by the Reserve Bank of India, Financial Markets Department, Central Office, Mumbai from time to time. <br /><strong>(c) Credit Rating Agencies (CRAs) </strong> <br />12.8 Code of Conduct prescribed by the SEBI for the CRAs for undertaking rating of capital market instruments shall be applicable to them (CRAs) for rating the NCDs. <br />12.9 The CRA shall have the discretion to determine the validity period of the rating depending upon its perception about the strength of the issuer. Accordingly, CRA shall, at the time of rating, clearly indicate the date when the rating is due for review.</p> <p align="justify">12.10 While the CRAs may decide the validity period of credit rating, they shall closely monitor the rating assigned to corporates vis-Ă -vis their track record at regular intervals and make their revision in the ratings public through their publications and website.</p> <p align="justify"><strong>Documentary Procedure </strong></p> <ol> <li> <div align="justify">Issuers of NCDs of maturity up to one year shall follow the Disclosure Document brought out by the Fixed Income Money Market and Derivatives Association of India (FIMMDA), in consultation with the Reserve Bank of India as amended from time to time.</div> </li> <li> <div align="justify"><strong>Violation</strong> of the directions will attract penalties, which would include debarring of the entity from the NCD market.</div> </li> </ol> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-75061599456945940272010-08-05T21:21:00.001+05:302010-08-05T21:21:57.860+05:30Overriding Clarification on Classification of Manufacture & Service Industries under Micro Small Medium Enterprises Act issued by MSME Ministry<p align="justify"><strong>Categorisation of activities under manufacture or service under the <a href="http://yehseeyes.blogspot.com/2007/11/micro-small-and-medium-enterprises.html">MSMED Act, 2006</a></strong></p> <p align="justify">This always remained as a moot point, while categorising under MSMED Act, which provides different limits (<a href="http://yehseeyes.blogspot.com/2007/11/micro-small-and-medium-enterprises.html">link</a>) for manufacturing and servicing industries.</p> <p align="justify">Now, the Ministry of Micro, Small & Medium Enterprises has given a CLARIFICATION in supersession of all other circulars that:</p> <p align="justify"><strong><u>A)    Activities considered as manufacturing :</u></strong></p> <ol> <li> <div align="justify">(i)                  Medical Equipment and Ayurvedic Product </div> </li> <li> <div align="justify">(ii)                Composite unit of Bacon Processing and Piggery Farm (Piggary Farm without bacon processing shall not be classified either as manufacturing or as service enterprise because this is farming activity) </div> </li> <li> <div align="justify">(iii)               Tobacco Processing </div> </li> <li> <div align="justify">(iv)              Beedi/ Cigarette manufacturing and other tobacco products </div> </li> <li> <div align="justify">(v)                Extraction of Agave Spirit from Agave juice (imported medicinal plant) extraction of Agave </div> </li> <li> <div align="justify">(vi)              Manufacture of Bio-fertilizer</div> </li> </ol> <p align="justify"><strong><u>B)     Activities considered as Service :</u></strong></p> <ol> <li> <div align="justify">(i)                  Sanitation Services (Hiring of Septic Tank Cleaner) </div> </li> <li> <div align="justify">(ii)                Clinical Pathological Laboratories and scanning, MRI Tests </div> </li> <li> <div align="justify">(iii)               Hospitals </div> </li> <li> <div align="justify">(iv)              Agri â clinic and Agri â Business </div> </li> <li> <div align="justify">(v)                Restaurants with Bar </div> </li> <li> <div align="justify">(vi)              Canteens </div> </li> <li> <div align="justify">(vii)             Motel industry</div> </li> </ol> <p align="justify">The activity âBee Keepingâ is a farming allied activity and therefore, would not be covered in either manufacturing or service activity.</p> <p align="justify"><strong>Source:</strong> <b>No.5(6)/2/2009-MSME POL dated <u>21/07/2009</u></b></p> <h6 align="justify">As you know <a href="http://yehseeyes.blogspot.com/2009/03/msmedsmall-scale-industry-definition.html">[MSMED]Small Scale Industry definition only under MSMED Act for IDRA too</a>.</h6> <p align="justify">To understand all the notifications of industry, read <a href="http://yehseeyes.blogspot.com/search/label/Industries%20DIPP">Industries DIPP updates</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-88033653085624438442010-08-05T20:40:00.001+05:302010-08-05T20:40:57.238+05:30Violated Foreign Exchange laws: on becoming aware of the contravention, disclose it to RBI to save huge penalty of 2 lakhs or 3 times the amount involved in transaction [Compounding Master Circular]<p align="justify">It has been decided to put in place an updated procedure for compounding of contravention/s under FEMA on the basis of observations made over the last few years on the compounding process on a continuous basis and the experience gained in dealing with compounding applications. The objective is rationalization and streamlining of the process and the procedure for compounding and to enhance transparency and effect smooth implementation of the compounding process. The directions contained in the compounding of contravention/s issued vide A.P. (DIR Series) Circular No.31 dated February 1, 2005 are superseded by this circular <strong>vide <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/AIR56CF280610.pdf" target="_blank">A.P. (DIR Series) Circular No. 56 dated 28th June 2010</a></strong> and as provided in <a href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5773">Master Circular on Compounding of Contraventions under FEMA, 1999</a> read with Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules).  Further, Operational checkpoints for submission of a compounding application and the related matters are also given.</p> <p align="justify"> </p> <p align="justify">When an application is made for compounding of a contravention, the <strong>RBI would examine the nature of contravention in the following manner</strong>: <br />âą whether the contravention is technical and/or minor in nature and needs only an administrative cautionary advice; <br />âą whether the contravention is serious and warrants compounding of the contravention; and <br />âą whether the contravention, prima facie, involves money-laundering, national and security concerns involving serious infringements of the regulatory framework. In such a case, RBI may order necessary investigation. <br /></p> <p align="justify"><strong>Investigation by Enforcement Directorate (ED)</strong> <br />If RBI finds that it is necessary for further investigation, it may recommend the matter to the Directorate of Enforcement (DoE) for further investigation. Such action may be initiated under FEMA, 1999 by the Enforcement Directorate or the Anti Money Laundering Authority instituted under the Prevention of Money Laundering Act, 2002 or to any other agencies, as RBI may deem fit. <br /></p> <p align="justify"><strong>Time Frame for Disposing of Compounding Application</strong> <br />RBI states that applications for compounding will be disposed of in 180 days. If <strong>investigation </strong>as aforesaid is necessary, compounding <strong>will not take place</strong>. The application will be returned to the Applicant. <br /></p> <p align="justify"><strong>Factors Considered for determining the compounding fee</strong> <br />âą The amount of gain or unfair advantage; <br />âą The amount of loss caused to the exchequer; <br />âą The economic benefits accruing to the contravener due to delayed compliance; <br />âą The repetitive nature of contravention by the contravener; <br />âą The conduct of contravener in disclosure of information; and <br />âą Such other matter in the opinion of RBI will be the factors on the basis of which the application will be examined. <br /></p> <p align="justify"><strong>Time Frame for Payment of Compounding Fee</strong> <br />The amount payable by the contravener as per the compounding order should be paid within 15 days from the date of the order. If the contravener fails to pay the said amount then it will be deemed that the contravener has never applied for compounding of offence. <br /></p> <p align="justify"><strong>Repeated Offences <= 3years</strong> <br />A similar offence within <strong>3 years</strong> of the compounding of the earlier offence shall not be compoundable.  Any second or subsequent contravention committed after the <strong>expiry</strong> of a period of three years from the date on which the contravention was previously compounded shall be deemed to be a <strong>first contravention</strong>.</p> <p align="justify"> <br /><strong>Certificate after Compounding</strong> <br />RBI will issue a certificate to the contravener subject to the conditions of the compounding order after realization of the amount paid as per the compounding order.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com2tag:blogger.com,1999:blog-9191919080550540685.post-37527055472131595632010-08-05T20:16:00.001+05:302010-08-05T20:16:33.595+05:30Within 12 months of Export of Goods and Software, Realise & Repatriate export Proceeds till 31st March 2011 now with Master Circular<p align="justify">Export of Goods and Software â Realisation and Repatriation of export proceeds â Liberalisation <strong>as per <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/DR57EG290610.pdf" target="_blank">A.P. (DIR Series) Circular No.57 dated 29th June 2010</a></strong> <br /></p> <p align="justify">Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P.(DIR Series) Circular No.70 dated June 30, 2009 increasing the period of realisation and repatriation to India of the amount representing the full export value of goods or software exported, from six months to twelve months from the date of export, subject to review after one year. <br /></p> <p align="justify">The issue has since been reviewed and it has been decided, in consultation with the Government of India, to extend the above relaxation <strong>up to March 31, 2011</strong>.</p> <p align="justify">To understand the <strong>updated version</strong> in this regard: <a href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5785">Master Circular on Export of Goods and Services</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-76643847562477049482010-08-05T20:10:00.001+05:302010-08-05T20:10:12.394+05:30Money Laundering Amendment 2010 with insertion of explanation along with updated Master Circular<p align="justify">Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Second Amendment Rules, 2010- Obligation of banks <strong>as per <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/CIRCU29062010.pdf" target="_blank">DBOD. AML. BC. No. 113 /14 .01.001/2009-10 dated 29th June 2010.</a></strong></p> <p align="justify">In the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005:- <br /></p> <p align="justify"><strong></strong></p> <p align="justify"><strong>An explanation is added to <em>"suspicious transaction" </em>definition: </strong>In rule 2 in sub-rule (1), after clause (g), the following <strong>Explanation</strong> shall be inserted, namely:- <br />"<strong><u>Explanation</u></strong>:- Transaction involving financing of the activities relating to terrorism includes transaction involving funds suspected to be linked or related to, or to be used for terrorism, terrorist act or by a terrorist.</p> <p align="justify"> </p> <p align="justify">Further, in Rule 9, the existing sub-rules (1A,B,C,D) are <strong>replaced</strong> and some Explanation in added in Rule 10.</p> <p align="justify">For full details, kindly refer the <strong>Updated</strong> <a href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5783">Master Circular â Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-76573968741119818832010-08-05T19:22:00.001+05:302010-08-05T19:22:55.475+05:30No surrender of the proportionate export incentives under FTP Export Schemes even if proceeds are not realised within 6/12 months<p align="justify"><strong>Export of Goods and Services - Unrealised export bills âWrite-off - Surrender of export incentives</strong> <br />Attention of Authorised Dealer Category â I (AD Category âI) banks is invited to A.P. (DIR Series) Circular No. 12 dated September 09, 2000, A.P. (DIR Series) Circular No. 30 dated April 04, 2001, A.P. (DIR Series) Circular No. 61 dated December 14, 2002, A.P. (DIR Series) Circular No. 40 dated December 05, 2003 and A.P. (DIR Series) Circular No. 33 dated February 28, 2007, in terms of which the AD Category âI banks have been permitted to accede to the requests for "write-off" made by the exporters, subject to the conditions, inter alia, that the exporter had to surrender proportionate export incentives, if availed of, in respect of the relative shipments. <br /></p> <p align="justify"> </p> <p align="justify">It has since been announced in the <a href="http://yehseeyes.blogspot.com/2009/08/understand-new-ftp-2009-introduction-of.html" target="_blank">Foreign Trade Policy (FTP) 2009-14 and specified in Para. 2.25.4 of Handbook of Procedures â Vol. I (2009-2014)</a> (extracts annexed), issued by the Department of Commerce, Ministry of Commerce and Industry that realisation of export proceeds shall not be insisted upon, under any of the <strong>Export Promotion Schemes under the Foreign Trade Policy (FTP), subject to the following conditions</strong>:- <br />i) the write-off on the basis of <strong>merits</strong> is allowed by the Reserve Bank or by the AD Category â I banks on behalf of the Reserve Bank, as per the extant guidelines; <br />ii) the exporter produces a <strong>certificate</strong> from the Foreign Mission of India concerned, about the fact of <strong>non-recovery</strong> of export proceeds from the buyer; and <br />iii) this would <strong>not be </strong>applicable in self-write-off cases. <br />The above relaxation is applicable for the exports made <strong>with effect from August 27, 2009</strong>. <br /></p> <p align="justify">It is clarified that since the <strong>Drawback scheme</strong> is governed by the provisions of the <strong>Customs Act, 1962</strong> and the Rules made there under, the provisions contained in <a href="http://yehseeyes.blogspot.com/2009/08/understand-new-ftp-2009-introduction-of.html" target="_blank">para. 2.25.4 of the Handbook of Procedure â Vol. I. of the Foreign Trade Policy (FTP) (2009-2014)</a> <strong>would not be</strong> applicable to the Duty Drawback scheme. Therefore, the drawback amount has to be recovered even if the claim is settled by the Export Credit Guarantee Corporation of India Limited (ECGC) or the write âoff is allowed by the Reserve Bank. <br /></p> <p align="justify">Accordingly, the AD Category âI banks are advised not to insist on the surrender of the proportionate export incentives, other than under the Duty Drawback scheme, if availed of, by the exporter under any of the Export Promotion Schemes under the <a href="http://yehseeyes.blogspot.com/2009/08/understand-new-ftp-2009-introduction-of.html" target="_blank">FTP 2009-14</a>, subject to the fulfilment of conditions as stated above.</p> <p align="justify"> </p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/APIR03220710.pdf" target="_blank">A.P. (DIR Series) Circular No.03 dated 22nd July 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-68785952861566901492010-08-05T19:08:00.001+05:302010-08-05T19:08:52.848+05:30Takeout Financing: refinancing of domestic Rupee loans with ECB under RBI approval route<p align="justify">As per the extant norms, refinancing of domestic Rupee loans with External Commercial Borrowing (<strong>ECB</strong>) is not permitted. However, keeping in view the special funding needs of the infrastructure sector, it has been decided to review the ECB policy and put in place a scheme of take-out finance. Accordingly, it has been decided to permit take-out financing arrangement through ECB, under the <strong>approval route</strong>, for refinancing of Rupee loans availed of from the domestic banks by eligible borrowers in the sea port and airport, roads including bridges and power sectors for the development of new projects, subject to the <strong>following conditions</strong>:</p> <ol> <li> <div align="justify">The corporate developing the infrastructure project should have a <strong>tripartite agreement</strong> with domestic banks and overseas recognized lenders for take-out of the loan within three years of the scheduled Commercial Operation Date (COD). The scheduled date of occurrence of the take-out should be clearly mentioned in the agreement.</div> </li> <li> <div align="justify">The loan should have a minimum average maturity period of <strong>7 years.</strong></div> </li> <li> <div align="justify">The domestic bank financing the infrastructure project should comply with the extant prudential norms relating to take-out financing.</div> </li> <li> <div align="justify">The fee payable to the overseas lender until the take-out shall not exceed <strong>100 bps per annum</strong>.</div> </li> <li> <div align="justify">On take-out, the <strong>residual</strong> loan agreed to be taken- out by the overseas lender would be considered as <strong>ECB</strong> and the loan should be designated in a convertible foreign currency and all extant norms relating to ECB should be complied with, including the reporting arrangements.</div> </li> <li> <div align="justify">Domestic banks / Financial Institutions <strong>will not be</strong> permitted to guarantee the take-out finance and further it <strong>will not be</strong> allowed to carry any obligation on its balance sheet after the occurrence of the take-out event.</div> </li> </ol> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/ADI04F220710.pdf" target="_blank">A.P.(DIR Series) Circular No.04 dated 22nd July 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com21tag:blogger.com,1999:blog-9191919080550540685.post-19345360164875723042010-08-05T11:39:00.001+05:302010-08-05T11:39:29.836+05:30Demat Account Suspension for Debit & Credit without PAN - SEBI mandates & enforces strictly now for all electronic shareholdings<p align="justify">Sub: Mandatory requirement of Permanent Account Number (PAN)</p> <p align="justify"> <br />1. Please refer to <a href="http://yehseeyes.blogspot.com/2010/01/transmission-or-transposition-death-of.html" target="_blank">SEBI circular No.MRD/DoP/Cir-05/2007 dated April 27, 2007</a> making <a href="http://yehseeyes.blogspot.com/2010/05/sebi-master-ciruclar-on-stock-exchange.html" target="_blank">PAN mandatory for all transactions in the securities market</a>. <br /></p> <p align="justify">2. As you are aware, the demat accounts for which PAN details have not been verified are âsuspended for debitâ until the same is verified with the Depository Participant (DP). However, it has come to our notice that despite follow up, investors are not furnishing the PAN details. <br /></p> <p align="justify">3. In order to ensure better compliance with the Know Your Client (KYC) norms it has been decided that with effect from August 16, 2010 such PAN non-compliant demat accounts shall also be "suspended for credit" other than the credits arising out of automatic corporate actions. It is clarified that other credits including credits from IPO/FPO/Rights issue, off-market transactions or any secondary market transactions shall not be allowed into such accounts.</p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirmrddp22.pdf" target="_blank">CIR/MRD/DP/ 22 /2010 dated 29th July 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com9tag:blogger.com,1999:blog-9191919080550540685.post-7392658884107152892010-08-05T11:30:00.001+05:302010-08-05T11:30:39.062+05:30Mutual Fund (MF) ASBA mandatory from 1st October 2010 and not from 1st July<p align="justify"><strong>Sub: Additional mode of payment through Applications Supported by Blocked Amount (hereinafter referred to as âASBAâ) in Mutual Funds <br /></strong></p> <p align="justify"><a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html">ASBA</a> is already available for subscription to <a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html">public  issue</a> & <a href="http://yehseeyes.blogspot.com/2009/08/new-642-disclosures-for-rights-issue.html">rights issue</a> of equity and now it is extended to the investors <strong>subscribing to New Fund Offers (NFOs) of mutual fund schemes</strong>. It shall co-exist with the current process, wherein cheques/ demand drafts are used as a mode of payment. The banks which are in SEBIâs list shall extend the same facility in case of NFOs of mutual fund schemes to all eligible investors in Mutual Fund units. Mutual Funds shall ensure that adequate arrangements are made by Registrar and Transfer Agents (RTA) for the implementation of ASBA. Mutual Funds/AMCs shall make all relevant disclosures in this regard in the SAI. Also read <a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html">[SEBI-ASBA] Lets Learn the Concept</a>.</p> <p align="justify">Please refer to circular <a href="http://yehseeyes.blogspot.com/2010/04/asba-for-mutual-fundsnfo-15.html" target="_blank">SEBI / IMD / Cir / No 18 / 198647 / 2010 dated March 15, 2010</a> regarding additional mode of payments through ASBA in Mutual Funds. The circular indicated that the Mutual Funds/AMCs have to compulsorily provide ASBA facility to the investors for all NFOs launched on or after July 01, 2010. <br /></p> <p align="justify">In partial modification of the above circular, it has been decided that Mutual Funds / AMCs shall provide ASBA facility to investors for all NFOs launched on or after <strong>October 1, 2010</strong>.</p> <p align="justify"> </p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/asbacircular.pdf" target="_blank">Cir / IMD / DF / 6 / 2010 dated 28th July 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-53236792143519230992010-07-25T14:20:00.001+05:302010-07-25T14:20:09.588+05:30Lawlabz Group 2nd Year Celebrations this July 2010 with Learnlabz & OnlyThisMuch, the video way, hope you will make it<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/5Q9oBS5px4Y&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/5Q9oBS5px4Y&hl=en_US&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> <p></p> <p><strong><u>Lawlabz Biennial Day Xperiments 2010 <br /></u></strong>In our 2 year long journey we have serviced more than 350 clients, 200 company secretary students passed out, 2500 copies of books sold but more importantly we enjoyed all of your support, well wishes & faith. </p> <p> <br />On this special day, commemorating Law Labz's 2nd anniversary we would like to share our joy with everyone who has made this possible.  We are also taking this opportunity to inaugurate lawlabz.com, an online portal offering corporate legal services in real-time with video based solutions.  <br /></p> <p><a href="http://www.youtube.com/user/lawlabz" target="_blank">We have created a personalized invite for you here.</a></p> <ul> <li>What: Lawlabz, Learnlabz & OnlyThisMuch turns two</li> <li>When: 7pm onwards, July 28th 2010 (Wednesday)</li> <li>Where: RYA Metro (12, Saravana Mudali Street, Off South Boag Road, T.Nagar)</li> <li>Guest of Honour: Mr. K. Pandiarajan, Managing Director Mafoi Randstand <br /></li> </ul> <p><strong><u>Agenda</u></strong></p> <ol> <li>Website & Video Release (by guest of honour) </li> <li>Award Distribution</li> <li>Dinner (8.30 PM onwards) <br /></li> </ol> <p>Looking forward to meeting you and hoping for your continued support & motivation. <br />A.N.S. Vijay on behalf of Lawlabz, Learnlabz & OnlyThisMuch Group</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com25tag:blogger.com,1999:blog-9191919080550540685.post-72437202264229793902010-07-13T21:00:00.001+05:302010-07-14T11:44:06.509+05:30Email & Informal agreement is valid, even an Arbitration can be enforced-Supreme Court on Trimex case - Formalty not required under Contract Act<h3 align="justify">The Indian Contract Act, 1872: ss.4, 7 â Concluded contract containing arbitration clause - Valid</h3> <p align="justify"><strong>The  Honâble Supreme Court (SC) in a recent judgment in the case of <a href="https://docs.google.com/document/edit?id=1AWehhFZO7VYqFGV2uw26Nz27UHSSRpSJOHqO5BQNFEA&hl=en" target="_blank">âTrimex International FZE Limited, Dubai vs. Vedanta Aluminium Limited, Indiaâ in Re (2010) 3 SCC 1â</a>. </strong><strong>It was held that in the absence of signed agreement between the parties, it would be possible to infer from   various documents duly approved and signed by the parties in the form of exchange of emails, letter, telex, telegram and other means of communication. The Honâble Supreme Court has accepted the unconditional acceptance through emails and held the same to be a valid contract which satisfies the requirements of Section 4 and 7 of the Contract Act 1872 and further it satisfies Section 2(1)(b), 7 of the Arbitration and Conciliation Act 1996.  In the absence of a signed agreement inference can be from documents approved and signed by the parties in the form of exchange emails, letters, telegrams which come within Section 10 and 2(e) of the Contract Act 1972.</strong></p> <p align="justify"><strong><u>As per Section 4:</u></strong> The communication of a proposal is complete when it becomes to the knowledge of the person to whom it is made.</p> <p align="justify"><strong><u>As per Section 7:</u></strong> In order to convert a proposal into a promise the acceptance must - be absolute and unqualified; and be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted.</p> <p align="justify">If respondent accepts the offer of petitioner following a very strict time schedule, he cannot escape from the obligations that flowed from such an action - </p> <ul> <li> <div align="justify">Arbitration clause can be <strong><em>inferred</em></strong> from various documents duly approved and signed by the parties in <em><u>the form of exchange of e-mails, letter, telex, telegrams and other means of tele-communication even in the absence of signed agreement</u></em> - </div> </li> <li> <div align="justify">If <strong><em>no inference</em></strong> can be drawn from the facts that the parties intended to be bound only when a formal agreement had been executed, the validity of the agreement <em><u>would not be affected by its lack of formality</u></em> - </div> </li> <li> <div align="justify">On facts, the Commercial Offer carried <u><em>no clause</em> making the conclusion of the contract</u> incumbent upon the Purchase Order -Therefore, the moment commercial offer was <u><em>accepted by the respondent, the contract came into existence</em></u> - Since the contract contained arbitration clause, petitioner made out case for appointment of arbitrator - Arbitration. </div> </li> </ul> <p align="justify">Petitioner's case was that on 15.10.2007, it submitted a commercial offer through e-mail for supply of Bauxite to the respondent. After exchange of several e-mails, respondent conveyed acceptance of offer through e-mail on 16.10.2007 confirming the supply of 5 shipments of Bauxite. Dispute arose and petitioner served arbitration notice on the respondent. Respondent rejected the arbitration notice stating that there was no concluded contract between them. Petitioner filed arbitration petition for appointment of arbitrator. </p> <h2><a href="https://docs.google.com/document/edit?id=1AWehhFZO7VYqFGV2uw26Nz27UHSSRpSJOHqO5BQNFEA&hl=en" target="_blank">Click here to download the Supreme Court Judgment 2010 on Trimex case.</a></h2> <p align="justify">Thus, Once a contract is concluded orally or in writing, the mere fact that a formal contract has to be prepared and initialed by the parties would not affect either the acceptance of the contract so entered into or implementation thereof, even if the formal contract has never been initialed. The Court reiterated its stand that one of the main objectives of the Act is to <br />minimize the supervisory role of the courts. In holding this, the Court observed that if a number of extra requirements such as seals and originals, stamps etc. are added in considering an arbitration agreement, it would amount to increasing the role of courts and not minimizing it. Relying upon UNCITRAL Model Law, the Court concluded it would be improper and undesirable for the courts to add a number of extra formalities not envisaged <br />by the legislation. The courtâs objective should be to achieve the legislative intent.  Accordingly, the Court held in favor of the Petitioner and appointed a former judge to arbitrate the matter.  Thus, no more stamp papers & its execution of contracts just for the purpose of enforceability!!!</p> <h3>Keep contractinâŠ</h3> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-53569840348385456902010-07-13T18:29:00.001+05:302010-07-14T19:46:05.885+05:30Website link thru BSE/NSE to download ASBA forms online with UIN for making public issue applications - SEBI<p align="justify">SEBI is taking steps forward to make a public issue process completely online.</p> <p align="justify">1. It has been decided to make ASBA bid-cum application forms available for download and printing, from websites of the Stock Exchanges which provide electronic interface for ASBA facility i.e. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The ASBA forms so downloaded shall have a unique application number and can be used for making ASBA applications in public issues. A sample of the form is enclosed at <a href="http://www.sebi.gov.in//circulars/2010/circfd07.pdf" target="_blank">Annexure A</a>.  </p> <h5><a href="http://yehseeyes.blogspot.com/2010/04/understand-all-about-asba-in-public.html">Understand all about ASBA - in public issues, rights issues, by Mutual Funds, by QIB's - an alternate way of investing, SEBI</a></h5> <p><ins><ins></ins></ins></p> <p align="justify">2. In order that the Stock Exchanges fill up essential details of an issue, the Merchant Banker to the issue shall ensure that the following details are provided to the Stock Exchanges <strong>at least 2 days before opening</strong> of the public issue: <br />a. Company Name <br />b. Type of issue <br />c. Issue opening date <br />d. Issue closing date <br />e. Price/ price band <br />f. Bid lot <br />g. Other relevant details <br />h. Soft copy of prospectus/abridged prospectus <br />3. The Stock Exchanges shall ensure the following : <br />a. The details furnished by the Merchant Banker to the issue are duly filled in the ASBA form for a specific public issue, before making the same available on websites. <br />b. The ASBA form for a specific public issue is made available on the websites of the Stock Exchanges at least one day before opening of the public issue. <br />c. A unique application number for an issue is generated for every ASBA form downloaded and printed from the websites.  Therefore application made using photocopy of the downloaded form shall not be accepted. <br />d. Investors have online access to soft copy of the abridged prospectus/prospectus of the public issue. <br />e. For revisions of bids, investors can take print of a bid revision form. <br />4. Merchant Bankers and SCSBs are directed to provide a hyperlink to BSE or NSE websites for this facility on their websites.  Links are expected in <a href="http://www.nseindia.com/content/ipo/ipo_asba_procedures.htm">http://www.nseindia.com/content/ipo/ipo_asba_procedures.htm</a> & <a href="http://www.bseindia.com/bookbuilding/asba.asp">http://www.bseindia.com/bookbuilding/asba.asp</a> <br />5. All intermediaries are directed to comply with the instructions contained in this circular. <br />6. <a href="http://www.sebi.gov.in//circulars/2010/circfd07.pdf" target="_blank">This circular</a> shall be applicable to all public issues opening <strong>on or after July 19, 2010</strong>.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com2tag:blogger.com,1999:blog-9191919080550540685.post-43979406291797735942010-07-13T18:01:00.001+05:302010-07-13T18:01:58.880+05:30Ministry of labour turns accountable & release First Annual Report of Employment - is it a hint for labour law reforms [also contains recent updates]<p align="justify"></p> <p align="justify">Ministry of Labour & Employment presents to the People of India </p> <h2><font color="#800040"><strong>the First Annual Report on Employment</strong></font></h2> <p align="justify">with the objective of generating a healthy public debate on the issue of creating quality employment with distributive justice. We solicit valuable comments and suggestions from the people on major issues highlighted in this Report specially those relating to the employment of youth, women and the disadvantaged groups.</p> <p align="justify">Though the report contains most of old statistics with few recent statistics, it was good effort by the Ministry to consolidate as Ministry is accountable to labour by all means, and it is expected that there will be regular reports released to people atleast on yearly basis.  Few excerpts from the report are under:</p> <p align="justify"><strong><em>There are three important categories of employed persons:</em></strong> <br />1. <strong>Regular Salaried/Wage Employees</strong> are those who work in othersâ farm or non-farm enterprises (both household and non household) and in turn receive salary or wage on a regular basis. This category includes not only persons getting time wage but also persons receiving piece wage or salary and paid apprentices, both full time and part-time. <br />2. <strong>Casual Wage Labour</strong>: A person who is casually engaged in othersâ farm or non-farm enterprises (both household and non-household) and, who in return, receives wages according to the terms of the daily or periodic work contract. <br />3. <strong>Self Employed</strong>: Persons who operate their own farm or non-farm enterprises or are engaged independently in a profession or trade on their own account or with one or a few partners are deemed to be self-employed. Self-employed persons are further categorised as follows: <br />a) Own-account Workers: Those self-employed persons who operate their enterprises on their own account or with one or a few partners and who, during the reference period, by and large, run their enterprise without hiring any labour. <br />b) Employers: Those self-employed persons who work on their own account or with one or a few partners and, who, by and large, run their enterprise by hiring labour. <br />c) Helpers in household enterprises: Those self-employed persons (mostly family members) who are engaged in their household enterprises, working full or part time and who do not receive any regular salary or wages in return for the work performed. They do not run the household enterprise on their own but assist the related person living in the same household in running the household enterprise</p> <p align="justify"> </p> <h1 align="justify">Recent Amendments in Labour Laws: Promoting Equity and Welfare</h1> <ul> <li> <div align="justify">The Payment of Wages Act, 1936 amended to enhance the wage ceiling for its applicability. It is presently fixed at Rs. 10,000/- per month. </div> </li> <li> <div align="justify">The Payment of Bonus Act, 1965 amended to enhance the eligibility limit from Rs. 3,500/- per month to Rs. 10,000/- and calculation ceiling from Rs. 2,500 to Rs. 3,500/- per month while making employees employed through contractors on building operations eligible for payment of bonus under the Act.</div> </li> <li> <div align="justify">The Apprentices Act, 1961 amended, inter alia, to provide for reservation for other Backward Classes. </div> </li> <li> <div align="justify">The Maternity Benefit Act, 1961 amended to enhance the medical bonus from Rs. 250/- to Rs. 2,500/-and also empowering the Central Government to increase it from time to time before every three years, by way of notification in the Official Gazette, subject to a maximum of Rs. 20,000/-. </div> </li> <li> <div align="justify">The Employees State Insurance Act, 1948 amended to improve the quality of delivery of benefits under the scheme and also to enable ESI infrastructure to be used to provide health care to workers of the unorganised sector. </div> </li> <li> <div align="justify">The Payment of Gratuity Act, 1972 amended for raising the ceiling of Gratuity for employees in the private sector to Rs. 10 lakh from Rs. 3.5 lakh. </div> </li> <li> <div align="justify">The Plantations Labour Act, 1951 amended to provide safety and occupational health care to plantations workers.</div> </li> </ul> <p align="justify"> </p> <h3>VISION FOR SKILL DEVELOPMENT IN INDIA</h3> <p align="justify"> <br />Against the various challenges, a National Skill Development Policy has been formulated in February, 2009 which targets creating 500 million skilled people by 2022 with the following vision: Skill development should harness inclusivity and reduce economic and social divisions among Indian workforce particularly across rural-urban, male-female, organized- unorganized and traditional/ contemporary. Matching the emerging demands for skills across various industries and economic enterprises. Evolving National Vocational Qualification Framework comparable with international standards. Developing standard certification system by recognizing and including quality skills acquired through any informal system of learning. Greater and more active role for workersâ organizations, industry, civil society, Panchayati Raj Institutions and other professional bodies. Greater reduction of poverty through enhanced earnings of skilled workers.</p> <h1><a href="http://www.labour.nic.in/Report_to_People.pdf" target="_blank">Download the First Report of Employment (Report to People)</a></h1> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-90678372776831415832010-07-07T10:35:00.001+05:302010-07-07T10:51:44.216+05:30Download FEMA Master Circulars on FDI/ODI, etc...issued by RBI & updated on 1st July of every year 2010 with foreign exchange law of India up to date<p></p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"> <table border="0" cellspacing="0" cellpadding="0" width="564" height="23"><tbody> <tr> <td><img src="http://www.rbi.org.in/images/h_MasterCirculars.jpg" /> <table border="0" cellspacing="0" cellpadding="0" width="100%" height="22"><tbody></tbody></table> </td> </tr> </tbody></table> <p align="justify"></td></tr><tr><td> </td></tr><tr><td style="font-family: tahoma, arial, verdana, 'Times New Roman'; color: rgb(0,0,0); font-size: 12px; text-decoration: none" class="text3" height="25"><font color="#ff0000">Note:<span class="Apple-converted-space"> </span></font>Master Circulars are a one-point reference of instructions issued by the Reserve Bank of India on a particular subject between July-June. These are issued on July 1 every year and automatically expire on June 30 next year. You can access the Master Circulars issued in previous years by using the Archives. For printing of these circulars please use the PDF version.</td></tr><tr><td style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; text-decoration: none" id="DisplayPane" class="text1" align="justify"></p> <table cellspacing="1" cellpadding="0" width="14" align="center"><tbody> <tr align="center"> <td id="Err" width="10" align="center"><span style="font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(236,0,0); font-size: 12px; font-weight: bold; text-decoration: none" id="lblErr" class="alerttext"></span></td> </tr> </tbody></table> <span id="lblData"></span> <table style="background-color: rgb(62,114,170)" class="tablebg" border="0" cellspacing="1" cellpadding="0" width="98%" align="center"><tbody> <tr style="border-bottom: rgb(166,183,200) 1px double; border-left: rgb(217,232,250) 1px double; padding-bottom: 3px; background-color: rgb(206,226,248); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(53,73,106); font-size: 12px; border-top: rgb(227,239,251) 1px double; font-weight: bold; border-right: rgb(181,199,218) 1px double; padding-top: 3px" class="tableheader"> <td colspan="8"><b>Foreign Exchange<b></b></b></td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td colspan="8">Jul 01, 2010</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5801">Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F11MCES010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>110 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5798">Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F15MCT010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>97 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5792">Master Circular on Import of Goods and Services</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F4MIGA010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>298 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5789">Master Circular on Risk Management and Inter-Bank Dealings</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F14MRA010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>346 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5788">Master Circular on Foreign Investment in India</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F13MFIN010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>368 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5787">Master Circular on Memorandum of Instructions governing money changing activities</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F12MSA010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>324 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5786">Master Circular on External Commercial Borrowings and Trade Credits</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F8MCEC010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>220 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5785">Master Circular on Export of Goods and Services</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F6MNGS010710_F.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>351 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5782">Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F10MIVA010710.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>217 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5774">Master Circular on Money Transfer Service Scheme</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F9MCTS010710.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>123 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5773">Master Circular on Compounding of Contraventions under FEMA, 1999</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F7MCPS010710.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>65 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5757">Master Circular on Direct Investment by Residents in Joint Venture (JV) /Wholly Owned Subsidiary (WOS) Abroad</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F5MCDIR290610.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>362 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5756">Master Circular on Non-Resident Ordinary Rupee (NRO) Account</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F3MCNR290610.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>95 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(242,248,253); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 22px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent1"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5755">Master Circular on Remittance Facilities for Non-Resident Indians /Persons of Indian Origin / Foreign Nationals</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F02MRN280610.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>80 kb</td> </tr> <tr style="padding-bottom: 3px; background-color: rgb(236,244,252); padding-left: 5px; padding-right: 5px; font-family: tahoma, arial, verdana, 'Times New Roman'; height: 20px; color: rgb(0,0,0); font-size: 13px; font-weight: normal; padding-top: 3px" class="tablecontent2"> <td height="20" width="2%"><img src="http://www.rbi.org.in/images/bullet3.gif" width="7" height="10" /></td> <td><a style="font-family: verdana, arial, helvetica, sans-serif; color: rgb(0,0,0); font-size: 12px; font-weight: normal; text-decoration: none" class="link2" href="http://www.rbi.org.in/BS_ViewMasCirculardetails.aspx?id=5754">Master Circular on Miscellaneous Remittances from India â Facilities for Residents</a></td> <td colspan="3" nowrap="nowrap"><a href="https://docs.google.com/viewer?url=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2Fnotification%2FPDFs%2F1250610MC01M.pdf" target="_blank"><img border="0" align="absMiddle" src="http://www.rbi.org.in/Images/pdf.gif" width="16" height="16" /></a><span class="Apple-converted-space"> </span>266 kb</td> </tr> </tbody></table> <table><tbody></tbody></table> </td></tr><tr bgcolor="#ffffff"><td> </td></tr><tr bgcolor="#ffffff"><td> </td></tr></span> <p><strong>Source</strong>: <a href="http://mastercirculars.rbi.org.in/" target="_blank">Click here to download updated RBI Master Circular</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-3277256609207681882010-06-30T14:16:00.001+05:302010-07-01T11:39:33.897+05:30Life insurance benefits to Provident Fund employees increased to Rs.1lakh under Deposit linked Insurance scheme (EDLI)<p align="justify">EDLI Scheme amended:  In effect, on death during employment, Family member/nominee will get the following:</p> <ul> <li> <div align="justify"><strong><em>if</em></strong> Average balance is more than Rs.50,000/-</div> </li> <li> <div align="justify"><strong><em>then</em></strong> Insurance Amount = Rs. 50,000/- + 40% (Excess), subject to a maximum of Rs. 1,00,000/-</div> </li> </ul> <p align="justify"><strong>Paragraph 22 of Employees Deposit Linked Insurance Scheme, 1974</strong></p> <p align="justify"><b>22.       Scales of assurance benefit and the minimum average balance to be maintained by an employee</b>. â (1)  On the death of an employee, who is a member of the Fund or of a provident fund exempted under section 17 of the Act, as the case may be, the persons entitled to receive the provident fund accumulations of the deceased shall, in addition to such accumulations be paid an amount, equal to the average  balance in the account of the deceased in the Fund or of a Provident Fund exempted under Section 17 of the Act, as the case may be, during preceding twelve months or during the period of his membership, whichever is less, except where the average balance exceeds <strong>Rs.50,000</strong> (erstwhile limit was Rs.25,000/-), the amount payable shall be <strong>Rs.50,000</strong> (erstwhile Rs.25,000/-)plus <strong>40% </strong>(earlier limit was 25%) of the amount in excess of <strong>Rs.50,000</strong> (erstwhile Rs.25,000/-) subject to a ceiling of <strong>Rs. 1 lakh </strong>(earlier Rs. 35,000).</p> <p align="justify">Download <strong><a href="http://labour.nic.in/ss/Notificaiton/EnhancementofEDLIbenefits.pdf" target="_blank">Notification No. GSR 523(E) dated 18th June 2010</a>.</strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com32tag:blogger.com,1999:blog-9191919080550540685.post-32842945385465662802010-06-26T08:44:00.001+05:302010-06-26T08:44:20.268+05:30Revised monthly wage ceiling limit of 50% of Rs.4000 increased to Rs.8000-Employees Compensation Act for maximum compensation calculation<p align="justify">As you are aware, <a href="http://yehseeyes.blogspot.com/2010/05/workmen-compensation-act-1923-becomes.html">Workmen's Compensation Act, 1923 becomes Employees with enhanced compensation limits, full medical expenses reimbursement, case disposal within 3 months, etc..& also applicable to casual & clericals</a>, the said amendment which has removed the ceiling of monthly wage limit of Rs.4,000 for the purpose of calculation of Maximum Compensation under the Act is now amended again.</p> <p align="justify"> </p> <p align="justify">Now, a new monthly wage ceiling limit of Rs. 8000 is introduced for the purpose of calculation of 50% of it during computation of Maximum compensation under the Act.  Hence, the maximum compensation can go UPTO 50% of 8000 which comes to Rs. 4000/- that shall be multiplied by Age factor. <strong>Thus, effectively it was erstwhile 50% of Rs.4000 and now it is 50% of Rs.8000/-.</strong> This amendment is notified vide <a href="http://labour.nic.in/ss/Notificaiton/wage%20limit0001.pdf" target="_blank">Central Government Notification No. S.O. 1258(E) vide Ministry of Labour & Employment dated 31st May 2010</a>.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com10tag:blogger.com,1999:blog-9191919080550540685.post-39074837402996972932010-06-17T17:21:00.001+05:302010-06-17T17:24:02.701+05:30New Scheme to close down Company & comply for non-compliances done under Companies Act, 1956 like non-filing of annual returns, accounts, compliance certificate,etc...Lawlabz Website link<span style="font: medium 'Times New Roman'" class="Apple-style-span"> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><i><font size="3"><strong><font color="#cc0000"><span style="background-color: rgb(255,255,255)"><font face="'trebuchet ms', sans-serif">Closure of defunct companies by ROC</font></span></font></strong></font></i></div> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><strong><u><span style="background-color: rgb(255,255,255)"><font face="'trebuchet ms', sans-serif"><span style="font-size: large"><font color="#3333ff">COMPANY LAW SETTLEMENT/EASY EXIT SCHEME under The Companies Act, 1956:</font></span></font></span></u></strong></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">The Ministry of Corporate Affairs, has announced an</font><font color="#cc0000"><font face="'trebuchet ms', sans-serif"> EASY EXIT SCHEME </font></font><font face="'trebuchet ms', sans-serif">to facilitate the </font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">defunct company</font></font><span style="color: red"><font face="'trebuchet ms', sans-serif"> </font></span><font face="'trebuchet ms', sans-serif">to get rid of it. The scheme has made very </font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">simple for the exit</font></font><font face="'trebuchet ms', sans-serif"> of the defunct company without much effort.</font></strong></font></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">In the normal circumstances closing of a company may take several years and may need to spent lakhs of rupees.</font></strong></font></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font size="3"><strong><font color="#006600"><font face="'trebuchet ms', sans-serif">Please contact us immediately for filing the application, for closure of your defunct company, if any at the earliest and avail this </font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">golden opportunity</font></font><span style="color: red"><font face="'trebuchet ms', sans-serif">.</font></span></font></strong></font></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">The opportunity may come once in blue moon. So do </font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">ACT IMMEDIATELY</font></font><span style="color: rgb(192,0,0)"><font face="'trebuchet ms', sans-serif"> </font></span><font face="'trebuchet ms', sans-serif">and get rid of your defunct company once for all without any future litigation for non compliances.</font></strong></font></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">After the closure of the scheme, it is expected that </font><font color="#cc0000"><font face="'trebuchet ms', sans-serif">ROC may take actions</font></font><font face="'trebuchet ms', sans-serif"> on those companies who continue to default the compliances.</font></strong></font></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">Take the opportunity immediately âŠ</font><font color="#cc0000"><font face="'trebuchet ms', sans-serif"> </font></font></strong></font></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"></p> <ul> <li><span style="font-size: medium"><b><a href="http://settlementscheme.lawlabz.com/" target="_blank"><font face="'trebuchet ms', sans-serif">http://settlementscheme.lawlabz.com/</font></a></b></span> </li> <li><span style="font-size: medium"><a href="http://easyexitscheme.lawlabz.com/" target="_blank"><b><font face="'trebuchet ms', sans-serif">http://easyexitscheme.lawlabz.com/</font></b></a></span> </li> </ul> <p></p> <p style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font color="#cc0000"><font face="'trebuchet ms', sans-serif">OR call us now @ <strong><strong>044-24340416</strong></strong></font></font></strong></font></p> <font face="'trebuchet ms', sans-serif"> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><span style="font-family: arial"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif"> <br /></font></strong></font></span></div> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><span style="font-family: arial"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">Reach us @ </font></strong></font><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">7/13, South Boag Road, T.Nagar, Chennai, 600017</font></strong></font></span></div> </font> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">Mail us: </font><a href="mailto:leadcs@lawlabz.com" target="_blank"><font face="'trebuchet ms', sans-serif">solutions@lawlabz.com</font></a></strong></font></div> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><b><font color="#cc0000"><font face="'trebuchet ms', sans-serif"><i>Keep closing & enjoy complying!!!</i></font></font></b></div> <div style="text-align: justify; margin: 0in 0in 10pt" class="MsoNormal"><font color="#006600" size="3"><strong><font face="'trebuchet ms', sans-serif">Thank You,</font></strong></font></div> <p style="text-align: justify; 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display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px" title="Lawlabz Logo" border="0" alt="Lawlabz Logo" src="http://lh6.ggpht.com/_LqxdOyCO0zE/TBoMtKaD_TI/AAAAAAAABsc/zZA84jJThEs/Lawlabz%20Logo_thumb%5B1%5D.jpg?imgmax=800" width="114" height="122" /></a> <br clear="all" /></font></b></font><font face="'trebuchet ms', sans-serif">LawLabz <br /></font><span style="font-weight: normal"><b><span style="font-weight: normal"><b><font color="#006600"><b><span style="font-weight: normal"><b> <p style="line-height: 13px; display: inline !important; margin-bottom: 0cm" align="justify"><font face="'trebuchet ms', sans-serif"> 360</font><sup><font face="'trebuchet ms', sans-serif">o</font></sup></p> </b></span></b></font></b></span><font face="'trebuchet ms', sans-serif"> </font></b></span><font face="'trebuchet ms', sans-serif"> Personalised Corporate Solutions</font></b></font></b></font></b></font></b></b></font></span> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-45525100351277076362010-06-14T17:15:00.001+05:302012-04-14T23:25:28.115+05:30Preserve/Lost your Mark sheets as NO more CS Pass Certificates for Foundation & Executive will be issued by ICSI on passing Company Secretary Exams but for Professional Program<p align="justify">Donât panic after your CS Results this 25th August 2010 onwards! when you donât receive your Company Secretary Exam pass certificates, ICSI has resolved not to send the same (may be a cost cutting measure or an environment friendly measure) as it serves no purpose.  </p> <p align="justify"> </p> <p align="justify"><strong><em>I have passed CS Executive Program but I have not received my Certificate, where can I approach? </em></strong>Now, you can feel relaxed!!!, ICSI says.</p> <p align="justify"> </p> <p align="justify">The mark statement (mark sheet) hereon will serve as the proof that you have cleared CS.  The first of its kind PASS certificates, you can receive after finishing your CS Final exams.  </p> <p align="justify"> </p> <h1 align="justify">Have you lost your CS Marksheet???</h1> <p align="justify">Again, not to panic.  You have to shell out Rs.50/- + Rs.25/- to ICSI and apply in <a href="http://www.icsi.edu/docs/webmodules/LinksOfWeeks/application%20for%20duplicate%20marks%20sheet210312.doc">Application for issue of Duplicate Result-cum-Mark sheet</a> to get a duplicate copy for further reference & usage.</p> <p align="justify"> </p> <p align="justify"><b></b></p> <p align="justify"><b>ATTENTION STUDENTS !! <br /></b></p> <p align="justify"><b>DISCONTINUATION OF ISSUE OF PASS CERTIFICATES  TO FOUNDATION/ EXECUTIVE/INTER PROGRAMME PASS STUDENTS</b><b> </b></p> <p align="justify">In accordance with the decision taken by the Council of the Institute recently, it is brought to the notice of  the student community that  henceforth (i.e. from June, 2010 Examination Session onwards),   Pass Certificates will  be issued only to such students who pass Final Course/ Professional Programme. However, Mark Sheets  will continue to be issued to students of  all stages viz. Foundation, Executive/Intermediate and Professional/Final Programmes as per existing practice.</p> <p><strong><u>Source:</u><a href="http://www.icsi.edu/webmodules/student/ss_j14.htm">http://www.icsi.edu/webmodules/student/ss_j14.htm</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com16tag:blogger.com,1999:blog-9191919080550540685.post-62807500925055480432010-06-06T17:09:00.001+05:302010-06-06T18:00:42.441+05:30New Rule 19(2)(b) & 19A for initial & continuous listing requirement of 25% of capital with public as per SCRR amendment 2010 [for all companies]: 10% for 4000 crores to be increased@5% every year<p align="justify">The Securities Contracts (Regulation) Rules 1957 provide for the requirements which have to be satisfied by companies for the purpose of getting their securities listed on any stock exchange in India. A dispersed shareholding structure is essential for the sustenance of a continuous market for listed securities to provide liquidity to the investors and to discover fair prices. Further, the larger the number of shareholders, the less is the scope for price manipulation. Accordingly, the Finance Minister in his Budget speech for 2009-10, inter- alia, proposed to raise the threshold for non- promoter, public shareholding for all listed companies. To implement the Budget announcement the Securities Contracts(Regulation) (Amendment) Rules, 2010 has been notified vide <a href="http://www.finmin.nic.in/press_room/2010/june_details.html" target="_blank">Press Release F.No.5/35/2006-CM dated 4th June 2010</a> through </p> <h3 align="justify"><strong><a href="http://www.finmin.nic.in/the_ministry/dept_eco_affairs/capital_market_div/Amendment_Securt_contract_1957.pdf" target="_blank">this Notification. [download now]</a></strong></h3> <p align="justify">a) The minimum threshold level of public holding will be 25% for all listed companies.</p> <p align="justify">b) Existing listed companies having less than 25% public holding have to reach the minimum 25% level by an annual addition of not less than 5% to public holding.</p> <p align="justify">c) For new listing, if the post issue capital of the company calculated at offer price is more than Rs. 4000 crore, the company may be allowed to go public with 10% public shareholding and comply with the 25% public shareholding requirement by increasing its public shareholding by at least 5% per annum.</p> <p align="justify">d) For companies whose draft offer document is pending with Securities and Exchange Board of India on or before these amendments are required to comply with 25% public shareholding requirement by increasing its public shareholding by at least 5% per annum, irrespective of the amount of post issue capital of the company calculated at offer price.</p> <p align="justify">e) A company may increase its public shareholding by less than 5% in a year if such increase brings its public shareholding to the level of 25% in that year.</p> <p align="justify">f) The requirement for continuous listing will be the same as the conditions for initial listing.</p> <p align="justify">g) Every listed company shall maintain public shareholding of at least 25%. If the public shareholding in a listed company falls below 25% at any time, such company shall bring the public shareholding to 25% within a maximum period of 12 months from the date of such fall.</p> <p align="justify"><strong><u>New definitions in Rule 2 of SCRR:</u></strong></p> <p align="justify">(d) âpublicâ means persons other than â (i) the promoter and promoter group; (ii) subsidiaries and associates of the company. Explanation: For the purpose of this clause the words âpromoterâ and âpromoter groupâ shall have the same meaning as assigned to them under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements-ICDR) Regulations, 2009.</p> <p align="justify">(e) âpublic shareholdingâ means equity shares of the company held by public and shall exclude shares which are held by custodian against depository receipts issued overseasâ.</p> <p align="justify"><strong><u>New Rule 19(2)(b) of SCRR:</u></strong></p> <p align="justify">(i) At least 25% of each class or kind of equity shares or debentures convertible into equity shares issued by the company was offered and allotted to public in terms of an offer document; or <br />(ii) At least 10% of each class or kind of equity shares or debentures convertible into equity shares issued by the company was offered and allotted to public in terms of an offer document if the <strong>post issue capital of the company calculated at offer price is more than Rs. 4000 crores</strong>; </p> <p align="justify">Provided that the requirement of post issue capital being more than Rs. 4000 crores shall not apply to a company whose draft offer document is pending with SEBI on or before the commencement of the Securities Contracts (Regulation) (Amendment) Rules, 2010, if it satisfies the conditions prescribed in clause (b) of sub-rule 2 of rule 19 of the Securities Contracts (Regulation) Rules, 1956 as existed prior to the date of such commencement <strong>(which is: offering atleast 10% if there are 20 lakh in number of securities, Rs.100 crores of offer size is given to public and follows bookbuilding by offering 60% to QIB)</strong> <br />Provided further that the company, referred in sub-clause (ii), shall <strong>bring the public shareholding to the level of at least 25% </strong>by increasing its public shareholding to the extent of <strong>at least 5% </strong>per annum beginning from the date of listing of the securities, in the manner specified by the Securities and Exchange Board of India . <br />Provided further that the company may increase its public shareholding by <strong>less than 5% in a year</strong> if such increase brings its public shareholding to the level of 25% in that year.</p> <p align="justify"> </p> <p align="justify"><strong><u>New Rule 19(4) of SCRR â fresh application in all cases now!!!</u></strong></p> <p align="justify">An application for listing shall be necessary in respect of the following: (a) all new issues of any class or kind of securities of a company to be offered to the public; (b) all further issues of any class or kind of securities of a company if such class or kind of securities of the company are already listed on a recognised stock exchange.</p> <p align="justify"> </p> <p align="justify"><strong><u>New Rule 19(6A) â</u> taking away the power from Clause 40A of Listing Agreement of stock exchanges as there is no more Provisio!!!</strong></p> <p align="justify">All the requirements with respect to listing <strong>or continuous</strong> listing requirement prescribed by these rules, shall, so far as they may be, also apply to a body corporate constituted by an Act of Parliament or any State Legislature. [Old Provisio deleted]</p> <p align="justify"><strong><u>Note:</u> </strong>SEBIâs power to relax listing requirements under SCRR is <strong>withdrawn</strong>.  Also note, there is<strong> no more Clause 40A</strong> continuous listing requirement of 10% if the company has 2 crores of listed shares with a market capitalisation of Rs.1000 crore or more.</p> <p align="justify"><strong><u>Clause 40A is now Rule 19A</u> mandating 25% as CONTINUOUS LISTING REQUIREMENT for all Companies:</strong></p> <p align="justify">Every listed company shall maintain public shareholding of at least 25%</p> <p align="justify">Provided that any listed company which has public shareholding below 25% on the commencement of the Securities Contracts (Regulation) (Amendment) Rules, 2010, shall bring the public shareholding to the level of at least 25% by increasing its public shareholding to the extent of at least 5% per annum beginning from the date of such commencement, in the manner specified by SEBI.</p> <p align="justify">Provided further that the company may increase its public sharholding by less than 5% in a year if such increase brings its public shareholding to the level of 25% in that year. </p> <p align="justify">(2) Where the public shareholding in a listed company falls below 25% at any time, such company shall bring the public shareholding to 25%within a maximum period of 12 months from the date of such fall in the manner specified by the Securities and Exchange Board of India.â</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com29tag:blogger.com,1999:blog-9191919080550540685.post-691326940699727482010-06-02T20:29:00.001+05:302010-06-03T13:06:45.339+05:30Learnlabz Activity outside Company Secretary exam centres @ Chennai, Free DVDs for CS students on classes & books<p align="justify">Catching up the heat outside Company Secretary Exam centres at Chennai.  Learnlabz stall was crowded with CS students availing their free DVDâs with lots of excitement & sincerity.  Many were out of the exam halls too early winning their first law exam and found it interesting!!!</p> <p align="justify"> <a href="http://lh6.ggpht.com/_LqxdOyCO0zE/TAZx1H_jHHI/AAAAAAAABX0/NoJ7XS6xwrc/s1600-h/Photo0342%5B8%5D.jpg"><img style="border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px" title="Photo0342" border="0" alt="Photo0342" src="http://lh4.ggpht.com/_LqxdOyCO0zE/TAZx2YGsJQI/AAAAAAAABX4/-je2d8yjxrM/Photo0342_thumb%5B2%5D.jpg?imgmax=800" width="184" height="244" /></a> <a href="http://lh6.ggpht.com/_LqxdOyCO0zE/TAdbdh-AMPI/AAAAAAAABX8/Jx3APDXF3mk/s1600-h/learn%20labz%20MGRJ%20college%20promo%20004%5B2%5D.jpg"><img style="border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px" title="learn labz MGRJ college promo 004" border="0" alt="learn labz MGRJ college promo 004" src="http://lh4.ggpht.com/_LqxdOyCO0zE/TAdbej5qrNI/AAAAAAAABYE/gmYZ6hE3qh8/learn%20labz%20MGRJ%20college%20promo%20004_thumb.jpg?imgmax=800" width="244" height="184" /></a> <a href="http://lh4.ggpht.com/_LqxdOyCO0zE/TAdbgEl8CCI/AAAAAAAABYI/dAtx8EOjY4I/s1600-h/learn%20labz%20MGRJ%20college%20promo%20005%5B2%5D.jpg"><img style="border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px" title="learn labz MGRJ college promo 005" border="0" alt="learn labz MGRJ college promo 005" src="http://lh5.ggpht.com/_LqxdOyCO0zE/TAdbg1r-K2I/AAAAAAAABYM/rYmDDIDSDzo/learn%20labz%20MGRJ%20college%20promo%20005_thumb.jpg?imgmax=800" width="244" height="184" /></a> <a href="http://lh3.ggpht.com/_LqxdOyCO0zE/TAdbiKG_6hI/AAAAAAAABYQ/6-m0V3eQhVI/s1600-h/learn%20labz%20MGRJ%20college%20promo%20006%5B2%5D.jpg"><img style="border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px" title="learn labz MGRJ college promo 006" border="0" alt="learn labz MGRJ college promo 006" src="http://lh5.ggpht.com/_LqxdOyCO0zE/TAdbjOZ5YQI/AAAAAAAABYU/Q51Hs3hfnpI/learn%20labz%20MGRJ%20college%20promo%20006_thumb.jpg?imgmax=800" width="184" height="244" /></a> </p> <p></p> <p></p> <p></p> <p align="justify">You can also enjoy our Youtube releases from <a href="http://www.youtube.com/watch?v=OO-tKh9Ptrw&feature=player_embedded">http://www.youtube.com/watch?v=OO-tKh9Ptrw&feature=player_embedded</a></p> <p align="justify"><strong>Learnlabz wishes All the Best </strong>for every exam giving you a fresh 3 hours!!! â its Only This Much.</p> <p align="justify"><strong><em>We make learning an interesting experience!!!</em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-19848322279834910012010-05-29T10:28:00.001+05:302010-05-29T10:28:06.915+05:30Effective Date for Revision of Gratuity Amendment Act to Rs. 10 lakhs: Notification in Official Gazette as on 24th May 2010<p>As you are aware <a href="http://yehseeyes.blogspot.com/2010/05/gratuity-amendment-act-2010-is-notified.html">Gratuity Amendment Act 2010 is notified in Official Gazette with Rs.10 lakhs as limit replacing Rs.3,50,000</a></p> <p>The Payment of Gratuity (Amendment) Act, 2010 is notified in Official Gazette on 18<sup>th</sup> May 2010, amending the Payment of Gratuity Act, 1972 with revision in maximum ceiling from Rs. 3.5 lac to Rs. 10 lakhs.</p> <p>The said Act shall come into force with effect from 24th May 2010 as per the <a href="http://www.labour.nic.in/ss/Notificaiton/SealingEnhancement.pdf" target="_blank">Notification S.O. 1217(E)</a> published in the Official Gazette.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com23tag:blogger.com,1999:blog-9191919080550540685.post-61172659764699858462010-05-25T08:53:00.001+05:302010-05-25T08:53:37.502+05:30Money laundering transaction records & definition of beneficial owner in Amendment Rules 2010 - RBI<p align="justify"><strong>Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment Rules, 2010 - Obligation of banks/All India Financial institutions</strong></p> <p align="justify"> </p> <p align="justify">Government of India vide its Notification No. 7/2010-E.S.F.No.6/8/2009-E.S dated February 12, 2010 has amended the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005. A copy of the Notification is enclosed for ready reference in <strong><a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/PMLA240410.pdf" target="_blank">DBOD. AML.BC. No. 95 /14.01.001/2009-10 dated 23rd April 2010</a></strong>. <br /></p> <p align="justify">The salient features of the amendment inter alia require banks and All India <br />Financial Institutions: <br />âą to maintain the records of all transactions including the <strong>records of transactions</strong> detailed in rule 3 sub-rule (1). <br />âą the records referred to in rule 3 should contain all necessary information specified by the Regulator to permit reconstruction of individual transactions including the information detailed in rule 4. <br /></p> <p align="justify">Further, in rule 9 in sub-rule (1A) an explanation of 'beneficial owner' has been inserted in terms of which " ' <strong>Beneficial Owner' shall mean</strong> the natural person who ultimately owns or controls a client and or the person on whose behalf a transaction is being conducted, and includes a person who exercise ultimate effective control over a juridical person".</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-30868367979221968922010-05-24T22:08:00.001+05:302010-05-24T22:09:56.326+05:30NBFC investment in Joint Venture or subsidiary abroad shall 'No Objection' (NoC) of the Department of Non-Banking Supervision of RBI<p align="justify"><strong>Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI</strong> <br />Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2004, dated July 07, 2004, in terms of which an Indian party requires prior approval of the concerned regulatory authorities both in India and abroad, to make an investment in an entity outside India engaged in financial services activities. Further in terms of para B.5.3 of the Master Circular on Direct Investment in Joint Venture (JV) / Wholly owned subsidiary (WOS) abroad dated July 01, 2009 issued by Foreign Exchange Department, RBI, regulated entities in the financial sector making investments in any activity overseas are required to comply with the above regulation. <br />2. Instances have been observed where NBFCs have made overseas investments without regulatory clearance of the Department of Non-Banking Supervision, Reserve Bank of India. Any investments made by NBFCs without regulatory clearance is a violation of FEMA 2004 and attracts penal provisions. <br />3. <strong>In this regard, it is emphasised that all Non Banking Finance Companies desirous of making any overseas investment must obtain 'No Objection' (NoC) of the Department of Non-Banking Supervision of RBI before making such investment, from the Regional Office in whose jurisdiction the head office of the company is registered.</strong> <br />4. Applications in this regard shall clearly state the activities intended to be undertaken by the overseas entity. NBFCs may also note that in terms of the Regulations ibid, they are not permitted to make direct investment in a foreign entity engaged in activities not approved under FEMA.</p> <p><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/CC73030510S.pdf" target="_blank">DNBS (PD).CC. No.173/03.10.01 /2009-10 dated 3rd May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-75681757400163562252010-05-24T21:56:00.001+05:302010-05-24T21:56:51.775+05:30ECB by IFC now under Automatic route UPTO 50% of owned funds, RBI<p>As a measure of liberalisation of the existing procedures, it has been decided to permit the IFCs to avail of ECBs, including the outstanding ECBs, </p> <ul> <li>up to 50% of owned funds under the automatic route, <a href="http://yehseeyes.blogspot.com/2010/03/ifc-ecb-approval-route-50-nof-rbi.html" target="_blank">subject to their compliance with the <strong>prudential guidelines</strong> already in places.</a></li> <li>above 50% of their owned funds would require the approval of the Reserve Bank and will, therefore, be considered under the approval route.</li> </ul> <p><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/APD51120510.pdf" target="_blank">A. P. (DIR Series) Circular No. 51 dated 11th May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-86177264185895906332010-05-24T21:25:00.001+05:302010-05-29T10:55:04.404+05:30Gratuity Amendment Act 2010 is notified in Official Gazette with Rs.10 lakhs as limit replacing Rs.3,50,000<p align="justify">The Payment of Gratuity (Amendment) Act, 2010 is notified in Official Gazette on 18<sup>th</sup> May 2010, amending the Payment of Gratuity Act, 1972 with revision in maximum ceiling from Rs. 3.5 lac to Rs. 10 lakhs. Whereas the date of effect of the revised ceiling may be decided by the Central Government through Official Gazette as per <strong><a href="http://www.aiboc.org/New_circulars/CIRCULAR NO-71-10.doc">THE PAYMENT OF GRATUITY (AMENDMENT) ACT 2010</a></strong></p> <p align="justify"><strong></strong></p> <p align="justify"><strong>Notification in </strong><a href="http://yehseeyes.blogspot.com/2010/05/effective-date-for-revision-of-gratuity.html">Effective Date for Revision of Gratuity Amendment Act to Rs. 10 lakhs: Notification in Official Gazette as on 24th May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com30tag:blogger.com,1999:blog-9191919080550540685.post-38564070476960928322010-05-24T21:05:00.001+05:302010-06-26T08:47:42.899+05:30Workmen's Compensation Act, 1923 becomes Employees with enhanced compensation limits, full medical expenses reimbursement, case disposal within 3 months, etc..& also applicable to casual & clericals<p align="justify"><strong>Workmenâs Compensation Act is now Employees Compensation Act, 1923 </strong>and the definition of employee includes clerical employees & casual employees also.  <strong>Further, </strong></p> <ul> <li> <div align="justify">the minimum compensation limits on no-fault basis are increased to Rs.1,20,000 & 1,40,000 (erstwhile limits being Rs. 80,000 & 90,000).</div> </li> <li> <div align="justify">under the maximum compensation limit, the monthly wage limit of Rs.4,000/ is removed. hence, the maximum compensation can go UPTO 50% of Total Monthly Wages now, irrespective of limits [<a href="http://yehseeyes.blogspot.com/2010/06/revised-monthly-wage-ceiling-limit-of.html" target="_blank">now a new ceiling of Rs.8000/- is introduced</a>].</div> </li> <li> <div align="justify">Funeral expenses limit extended to Rs.5000 (from Rs.2,500)</div> </li> <li> <div align="justify">The employee shall be reimbursed the actual (full) medical expenditure incurred by him for treatment of injuries caused during the course of employment.</div> </li> <li> <div align="justify"><b>Time limit for disposal of cases relating to compensation</b> introduced- The Commissioner shall dispose of the matter relating to compensation within 3 months of reference.</div> </li> </ul> <p align="justify"><strong><em>Old definition: </em></strong>"workman" means any person (other than a person whose employment is of a casual nature and who is employed otherwise than for the purposes of the employer's trade or business) who isâŠ.<strong><em></em></strong></p> <p align="justify"><strong><em>New definition: Section 2</em></strong></p> <p align="justify"><i>â(dd) </i>âemployeeâ means <strong>a person</strong>, who isâ</p> <p align="justify">(<i>i</i>) a railway servant as defined in clause (<i>34</i>) of section 2 of the Railways Act, 1989 (24 of 1989), not permanently employed in any administrative district or sub-divisional office of a railway and not employed in any such capacity as is specified in Schedule II; or</p> <p align="justify">(<i>ii</i>) <i>(a) </i>a master, seaman or other members of the crew of a ship,</p> <p align="justify"><i>(b)</i> a captain or other member of the crew of an aircraft,<i></i></p> <p align="justify"><i>(c)</i> a person recruited as driver, helper, mechanic, cleaner or in any other capacity in connection with a motor vehicle.</p> <p align="justify"><i>(d)</i> a person recruited for work abroad by a company,<i></i></p> <p align="justify">and who is employed outside India in any such capacity as is specified in Schedule II and the ship, aircraft or motor vehicle, or company, as the case may be, is registered in India; or</p> <p align="justify"><i>(iii) </i>employed in any such capacity as is specified in Schedule II, whether the contract of employment was made before or after the passing of this Act and whether such contract is expressed or implied, oral or in writing; but does not include any person working in the capacity of a member of the Armed Forces of the Union; and any reference to any employee who has beenâ injured shall, where the employee is dead, include a reference to his dependants or any of them;â;</p> <p align="justify"><strong>Source:</strong> <a href="http://labour.nic.in/ss/Notificaiton/Compensation-Act.pdf" target="_blank">The Workmenâs Compensation (Amendment) Act, 2009</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com53tag:blogger.com,1999:blog-9191919080550540685.post-86610523909913251972010-05-24T20:18:00.001+05:302010-05-24T20:18:50.260+05:30Employees definition under Gratuity Act amended to included all types of works irrespective of salary limits<p align="justify">The Payment of Gratuity Act, 1972 definition of the term âemployeeâ under Section 2 got widened.  It is no more the old definition of persons employed in administrative or managerial capacity.</p> <p align="justify"> </p> <p align="justify">The new definition is as follows,</p> <p align="justify">Employees means any persons [NOT being an Apprentice] employed for wages in any kind of work (manual or otherwise) or in connection with work of factory, mine, plantation, oilfield, railway company, port or other establishment.</p> <p align="justify"><strong><em>So, even teachers are eligible for gratuity now overriding the famous Ahmedabad Private Primary Teachers Association case.</em></strong></p> <p align="justify"><strong>Source:</strong> <a href="http://labour.nic.in/ss/Notificaiton/Gratuity.pdf" target="_blank">Payment of Gratuity (Amendment) Act, 2009</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com8tag:blogger.com,1999:blog-9191919080550540685.post-32408392386847060392010-05-24T20:07:00.001+05:302010-05-24T20:07:30.950+05:30Revised ESI limit Rs.15000 (not Rs.10000) for employees/workers w.e.f 1st May 2010 - as amended by the Act [extended]<p align="justify">Ministry of Labour & Employment vide <a href="http://labour.nic.in/ss/Notificaiton/ESIC.pdf" target="_blank">G.S.R. 394(E), dated 20th April, 2010</a> has made Employees State Insurance Act, 1948 read with ESI (Central) (Amendment) Rules, 2010 applicable to employees whose wages does not exceed Rs. 15,000/- (Fifteen Thousand Only). </p> <p align="justify"> </p> <p align="justify">The said notification shall come into effect from 1st May 2010.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com29tag:blogger.com,1999:blog-9191919080550540685.post-23477305541668431492010-05-23T11:38:00.001+05:302010-05-23T11:38:20.432+05:30Old SEBI circular on revised Trading hours in Stock Exchanges<p align="justify"><strong>Sub: Trading Hours on Stock Exchanges <br /></strong>In consultation with the Stock Exchanges and other market participants, it has been decided to permit the Stock Exchanges to set their trading hours (in the cash and derivatives segments) subject to the condition that </p> <p align="justify">a. The trading hours are between 9 AM and 5 PM, and <br />b. The Exchange has in place risk management system and infrastructure <br />commensurate to the trading hours.</p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in/circulars/2009/dnpdcir47.pdf" target="_blank">SEBI/DNPD/Cir-47/2009 dated 23rd October 2009</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-43793525394023845872010-05-23T11:07:00.001+05:302010-05-23T11:07:12.464+05:30SEBI master ciruclar on Stock Exchange, Depository, etc...updated as on 31st March 2010<p align="center"><b><u>SEBI Master Circulars on Stock Exchange/Depositories</u></b></p> <h3><b><u><a href="http://www.sebi.gov.in/circulars/2010/anncir1.pdf">Annexure 1</a></u></b> â Master Circular for Stock Exchange/ Cash Market â Trading Part- I. It contains the following,</h3> <p>SECTION â 1: BULK DEALS AND BLOCK DEALS ............................................... 5 <br />1.1 Bulk Deal ............................................................................................................. 5 <br />1.2 Block Deal ........................................................................................................... 5 <br />SECTION â 2: CIRCUIT FILTER / PRICE BANDS ................................................. 7 <br />2.1 Index based Market wide circuit filter ................................................................. 7 <br />2.2 Scrip wise price bands ......................................................................................... 7 <br />SECTION â 3 : IMPLEMENTATION OF UNIFORM SECURITY SPECIFIC <br />ACTION IN STOCK EXCHANGES........................................................................... 8 <br />3.1 Uniform security specific measure ...................................................................... 8 <br />SECTION â 4 : MARGIN TRADING.......................................................................... 9 <br />4.1 Margin trading ..................................................................................................... 9 <br />4.2 Securities eligible for margin trading .................................................................. 9 <br />4.3 Eligibility requirements for brokers to provide margin trading facility to clients9 <br />4.4 No-objection certificate .................................................................................. 10 <br />4.5 Agreement.......................................................................................................... 10 <br />4.6 Source of Funds for the broker for providing margin trading facility to his <br />clients and maximum permissible borrowing by any broker............................. 10 <br />4.7 Margin requirements.......................................................................................... 11 <br />4.8 Liquidation of securities by the broker in case of default by the client............. 11 <br />4.9 Maintenance of Records .................................................................................... 12 <br />4.10 Disclosure of exposure to the Margin Trading Facility ..................................... 12 <br />4.11 Arbitration.......................................................................................................... 13 <br />4.12 Usage of Investor Protection Fund and Trade/Settlement Guarantee Fund ...... 13 <br />4.13 General provisions ............................................................................................. 13 <br />SECTION â 5 : MARKET MAKER............................................................................ 15 <br />5.1 Guidelines for Market Maker............................................................................. 15 <br />5.1.1 Criterion for selection of scrips for Market Making.......................................... 16 <br />5.1.2 Exclusivity of Market Makers ........................................................................... 16 <br />5.1.3 Number of Market Makers for each share ......................................................... 17 <br />5.1.4 Qualifications for a registered Market Maker.................................................... 17 <br />5.1.5 The obligations and responsibilities of Market Makers..................................... 17 <br />5.1.6 Rights of the Market Maker............................................................................... 18 <br />5.1.7 Voluntary De-registration .................................................................................. 18 <br />5.1.8 Compulsory De-registration............................................................................... 18 <br />5.1.9 Dissemination of Information ............................................................................ 18 <br />5.1.10 Number of Shares per Market Maker ................................................................ 18 <br />5.1.11 Risk Containment Measures and monitoring for Market Makers ..................... 18 <br />SECTION â 6: NEGOTIATED DEALS..................................................................... 20 <br />6.1 Negotiated Deals................................................................................................ 20 <br />SECTION â 7 : ODD LOT .......................................................................................... 21 <br />7.1 Trading and Settlement of trades in dematerialised securities ................ 21 <br />SECTION â 8: PERMANENT ACCOUNT NUMBER ........................................... 22 <br />8.1 Mandatory PAN requirement for transaction in Cash Market........................... 22 <br />8.2 PAN as a sole identification number for all transactions in the securities market <br />âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.22 <br />8.3 Incase of Central and State Govt., and officials appointed by courts ................ 22 <br />8.4. Exemptions for Investors in Sikkim .................................................................. 23 <br />8.5 Incase of FIIs/Institutional Clients..................................................................... 23 <br />8.6 Incase of UN entities and multilateral agencies which are exempted from paying <br />taxes/ filling tax returns in India ........................................................................ 23 <br />8.7 Incase of HUF, Association of Persons (AoP), Partnership Firm, unregistered <br />Trust, Registered Trust, Corporate Bodies, minors, etc..................................... 24 <br />8.8 Incase of Slight mismatch in PAN card details as well as difference in maiden <br />name and current name (predominantly in the case of married women) of the <br />investors.............................................................................................................24 <br />8.9 Incase of NRI/PIOs ............................................................................................ 24 <br />8.10 PAN requirement for transfer of shares in physical form.................................. 24 <br />SECTION â 9: PROPRIETARY TRADING.............................................................. 26 <br />9.1 Disclosure of Proprietary Trading by Broker to Client ..................................... 26 <br /> <br />9.2 Pro-account Trading Terminal........................................................................... 26 <br />SECTION â 10 : SHORT SELLING AND SECURITIES LENDING AND <br />BORROWING SCHEME............................................................................................ 28 <br />10.1 Broad Framework for Short Selling and Securities Lending and Borrowing.... 28 <br />10.2 Annexure 1 â Broad framework for short selling .............................................. 28 <br />10.3 Annexure 2 - Broad framework for securities lending and borrowing .. 29 <br />SECTION â 11: SPOT AND OFF-THE-FLOOR TRANSACTIONS..................... 34 <br />SECTION â 12: SECURITIES TRANSACTION TAX............................................. 35 <br />12.1 Implementation of Securities Transaction Tax .................................................. 35 <br />SECTION â 13 : TIME STAMPING OF ORDERS................................................... 35 <br />13.1 Time Stamping of Orders................................................................................... 35 <br />SECTION â 14 : TRADING IN GOVERNMENT SECURITIES............................ 36 <br />14.1 Government Securities....................................................................................... 36 <br />SECTION â 15: UNIQUE CLIENT CODE............................................................... 37 <br />SECTION - 16: TRANSACTION CHARGES BY THE STOCK EXCHANGES.. 38 <br />SECTION 17 - PRESERVATION OF RECORDS .................................................... 39 <br />SECTION 18 - DISCLOSURE OF INVESTOR COMPLAINTS AND <br />ARBITRATION DETAILS ON STOCK EXCHANGE WEBSITE......................... 40</p> <p align="justify"><b><u></u></b></p> <p align="justify"><b><u><a href="http://www.sebi.gov.in/circulars/2010/anncir2.pdf"></a></u></b></p> <h3><u><a href="http://www.sebi.gov.in/circulars/2010/anncir2.pdf"><strong>Annexure 2</strong></a></u> â Master Circular for Stock Exchange/ Cash Market â Trading Part- II</h3> <u></u> <h3><b><u><a href="http://www.sebi.gov.in/circulars/2010/anncir3.pdf">Annexure 3</a></u></b> â Master Circular for Stock Exchange/ Cash Market â Settlement</h3> <u></u> <h3><b><u><a href="http://www.sebi.gov.in/circulars/2010/anncir4.pdf">Annexure 4</a></u></b> â Master Circular for Stock Exchange/ Cash Market â Comprehensive Risk Management</h3> <h3><b><u><a href="http://www.sebi.gov.in/circulars/2010/anncir5.pdf">Annexure 5</a></u></b> â Master Circular for Stock Exchange - Companies shifted from Trade for trade to Rolling Settlement</h3> <h3><strong><a href="http://www.sebi.gov.in/circulars/2010/mrdcir10.pdf" target="_blank">Annexure 6</a></strong> â Master Circular on allotment of codes to Stock Exchanges, Subsidiary management by Stock Exchanges, Governance of recognised Stock Exchanges and Arbitration in recognised Stock Exchanges.</h3> <h3><strong><a href="http://www.sebi.gov.in/circulars/2010/cirmrddp11.pdf" target="_blank">Annexure 7</a> </strong>- Master Circular for Depositories:</h3> <p align="justify"> It contains the following,</p> <p>Section-1 - Beneficial Owner (BO) Accounts <br />1.1 Opening of BO Account by non-body corporates <br />1.1.1 Proof of Identity (PoI) <br />1.1.2 Proof of Address (PoA) <br />1.2 Exemptions from and clarifications relating to mandatory requirement <br />of PAN <br />1.3 Fees/Charges to be paid by BO <br />1.4 Transfer of funds and securities from Clearing Member pool account to <br />BO Account <br />1.5 Printing of Grievances Redressal Mechanism on Delivery Instruction <br />Form Book <br />1.6 Exemption to Depository Participants (DPs) from providing hard <br />copies of transaction statements to BOs <br />1.7 Safeguards on transfer of securities in dematerialized mode <br />Section-2 - Issuer related <br />2.1 Charges to be paid by Issuers <br />2.2 Activation of International Securities Identification Number (ISIN) in <br />case of IPO <br />2.3 Registrar and Transfer Agents <br />2.4 Mandatory admission of debt instruments on both the Depositories <br />2.5 American Depository Receipts (ADRs)/Global Depository Receipts <br />(GDRs) <br />2.6 Electronic Clearing System (ECS) facility <br />2.6.1 Dividend Distribution <br />2.6.2 Refund in public/rights issues <br />Section-3 â Depositories/ Depository Participant (DP) Related <br />3.1 Designated e-mail ID for redressal of investor complaints <br />3.2 Approval of amendments to Bye Laws / Rules of Stock Exchanges and <br />Depositories <br />3.3 Preservation of Records <br />3.4 Foreign investments in infrastructure companies in securities markets <br />3.5 Activity schedule for depositories for T+2 rolling Settlement <br />3.6 Settlement of transactions in case of holidays <br />3.7 Supervision of branches of depository participants <br />3.8 Designated e-mail ID for regulatory communication with SEBI <br />3.9 Disclosure of investor complaints and arbitration details on Depository <br />website</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-34541628446820360492010-05-21T20:31:00.001+05:302010-05-22T08:12:15.191+05:30Learnlabz Promotional Videos on Company Secretary (CS) Executive & Professional Programme Coaching Classes & Only This Much books released on Youtube today to make learning an interesting experience!!! [can also fetch you UPTO 50 marks in exams]<p align="justify">Learnlabz Promotional Videos on Company Secretary Executive & Professional Programme Coaching Classes & Only This Much books.  It covers Topics which are important for last minute revisions during CS Exams.  Enjoy passing.  Do give your critical comments on the video.</p> <p align="justify"> </p> <p align="justify">This video is made exclusively from the CS student point of view considering their difficulty or better word be lack of interest to pursue CS course, just for the reason that there is lack of Understanding!!! What to read & What not to read? What to remember? becomes the real question for the CS students.  This helps to address the same to the best possible extent. Interestingly the content of this Video covers UPTO 50 marks in your CS exams or even CA/CWA IPCC & Final exams!!!</p> <p align="justify"><object width="480" height="385"><param name="movie" value="http://www.youtube.com/p/29990BFE23082131&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/p/29990BFE23082131&hl=en_US&fs=1" type="application/x-shockwave-flash" width="480" height="385" allowscriptaccess="always" allowfullscreen="true"></embed></object></p> <p align="justify"><strong><em>Other links:</em></strong></p> <ul> <li> <div align="justify"><a href="http://www.youtube.com/user/learnlabz">www.youtube.com/user/learnlabz</a> â Learnlabz Channel</div> </li> <li> <div align="justify"><a href="http://www.youtube.com/view_play_list?p=29990BFE23082131">http://www.youtube.com/view_play_list?p=29990BFE23082131</a> â Learnlabz Playlist to play all the Videos as a Movie</div> </li> </ul> <p align="justify">This exams, appear with Confidence!!! Be thorough with whatsoever you have read till date.  Show your confidence in every word that you write in every page of your every subject in Company Secretary Foundation, Executive & Professional Programme.</p> <p align="justify"> </p> <p align="justify">âJust think you are given FRESH & NEW 3 hours in every exam, forget yesterday & tomorrowâŠ.Todayâs exam is going to be the best exam you have written forever.â  Repeat this sentence whenever you go appearing for every exam.  Then you will say, <strong>CS Exams are as FUN!!!</strong></p> <p align="justify">At Learnlabz, we make CS learning an interesting experience!!! For more details, do visit <a href="http://www.learnlabz.com">www.learnlabz.com</a></p> <p align="justify"><strong><em>Learnlabz wishes ALL THE BEST for your CS Exams and do communicate your results on February/August.</em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-6922723051914423082010-05-18T20:48:00.001+05:302010-05-18T20:48:06.173+05:30Professional Misconduct for CS,CA & CWA: Don't talk when your Client Drives (& viceversa) - if its true!!!<div class="gmail_quote"><span style="font-family:Verdana, 'BitStream vera Sans', Tahoma, Helvetica, sans-serif;font-size:12px;color:rgb(85, 85, 85);line-height:17px"><p align="justify" style="margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px"> <font color="#330033">Many road safety campaigns targets the drivers and the passengers. But Bangalore Traffic police is different (Hats off)!!!</font></p><p style="margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px"> <a href="http://www.vijayforvictory.com/wp-content/uploads/2010/05/Bangaloretrafficpolicebloodhousewife1.jpg" style="color:rgb(41, 112, 166);text-decoration:none" target="_blank"><img title="Bangalore-traffic-police-blood-house-wife" border="0" alt="Bangalore-traffic-police-blood-house-wife" src="http://www.vijayforvictory.com/wp-content/uploads/2010/05/Bangaloretrafficpolicebloodhousewife_thumb1.jpg" width="604" height="445" style="border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;max-width:600px;border-bottom-style:initial;border-bottom-color:initial;border-left-style:initial;border-left-color:initial;display:inline;border-top-style:initial;border-top-color:initial;border-right-style:initial;border-right-color:initial"></a></p> <p style="margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px"><a href="http://www.vijayforvictory.com/wp-content/uploads/2010/05/Bangaloretrafficpolicebloodgirlfriend1.jpg" style="color:rgb(41, 112, 166);text-decoration:none" target="_blank"><img title="Bangalore-traffic-police-blood-girl-friend" border="0" alt="Bangalore-traffic-police-blood-girl-friend" src="http://www.vijayforvictory.com/wp-content/uploads/2010/05/Bangaloretrafficpolicebloodgirlfriend_thumb1.jpg" width="604" height="447" style="border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;max-width:600px;border-bottom-style:initial;border-bottom-color:initial;border-left-style:initial;border-left-color:initial;display:inline;border-top-style:initial;border-top-color:initial;border-right-style:initial;border-right-color:initial"></a></p> <p style="margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px"><a href="http://www.vijayforvictory.com/wp-content/uploads/2010/05/Bangaloretrafficpolicebloodfriend1.jpg" style="color:rgb(41, 112, 166);text-decoration:none" target="_blank"><img title="Bangalore-traffic-police-blood-friend" border="0" alt="Bangalore-traffic-police-blood-friend" src="http://www.vijayforvictory.com/wp-content/uploads/2010/05/Bangaloretrafficpolicebloodfriend_thumb1.jpg" width="604" height="446" style="border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;max-width:600px;border-bottom-style:initial;border-bottom-color:initial;border-left-style:initial;border-left-color:initial;display:inline;border-top-style:initial;border-top-color:initial;border-right-style:initial;border-right-color:initial"></a></p> <p style="margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px"><font color="#ff0000"><strong>Believe, atleast if our Profession makes this as a Misconduct, everyone's Conduct will change! see Yes.</strong></font></p> </span></div> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-1675784649908218532010-05-17T11:42:00.001+05:302010-05-17T11:42:32.702+05:30No Ministry of Commerce approval is required for Royalty/Lumpsum payment above 5%/8% - RBI Current Account Transaction Amendment<p align="justify">In continuation of Press Note 8 issued by DIPP with effect from 16.12. 2009 that <a href="http://yehseeyes.blogspot.com/2010/01/no-limits-for-royaltylumpsum-payment-in.html">No limits for royalty/lumpsum payment in FEMA under Current Account Transaction as per PN 8 â DIPP allowed it under Automatic route (ie) without the approval of RBI</a></p> <p align="justify"><a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/AFE130510RC.pdf" target="_blank">The Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2010</a> is passed. They shall be deemed to have come into force with effect from the 16th day of December, 2009.</p> <p align="justify"> In terms of Rule 4 of the Foreign Exchange Management (Current Account Transactions) Rules 2000, prior approval of the Ministry of Commerce and Industry, Government of India, is required for drawing foreign exchange for remittances under technical collaboration agreements where payment of royalty exceeds 5% on local sales and 8% on exports and lump-sum payment exceeds USD 2 million [item 8 of Schedule II to the Foreign Exchange Management (Current Account Transactions) Rules, 2000]. The Government of India has reviewed the extant policy with regard to liberalization of foreign technology agreement and it was decided to omit item number 8 of Schedule II to the Foreign Exchange Management (Current Account Transaction) Rules, 2000, and the entry relating thereto.</p> <p align="justify">Accordingly, AD Category-I banks may permit drawal of foreign exchange by persons for payment of royalty and lump-sum payment under technical collaboration agreements <strong><u>without the approval of Ministry of Commerce and Industry, Government of India</u></strong>.</p> <p align="justify">The amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, in this regard has been notified by the Government of India vide <a href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/AFE130510RC.pdf">Notification No.G.S.R.382 (E) dated May 5, 2010</a>.</p> <p align="justify"><strong>Source: </strong><a href="http://rbidocs.rbi.org.in/rdocs/notification/PDFs/AP52FE130510.pdf" target="_blank">RBI/2009-10/465 A. P. (DIR Series) Circular No. 52 dated 13th May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-33795778684421370602010-05-11T18:30:00.001+05:302010-05-11T18:30:42.779+05:30Learnlabz Company Secretary Classes for December 2010 CS Exams @ Chennai to enjoy learning as an interesting experience (CS Daily/Weekend/Crash Courses)<p></p> <span style="widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" class="Apple-style-span"><span style="font-family: arial; font-size: small" class="Apple-style-span"><span style="font-family: 'Trebuchet MS', trebuchet, verdana, sans-serif; font-size: 13px" class="Apple-style-span"> <h3 style="margin: 0px; font: bold 160% verdana, sans-serif; letter-spacing: -1px; color: rgb(158,82,5)" class="post-title entry-title"><span style="font-family: 'Trebuchet MS', trebuchet, verdana, sans-serif; letter-spacing: normal; color: rgb(0,0,0); font-size: 13px; font-weight: normal" class="Apple-style-span"> <h3 style="margin: 0px; font: bold 160% verdana, sans-serif; letter-spacing: -1px; color: rgb(158,82,5)" class="post-title entry-title"><a style="color: rgb(158,82,5)" href="http://csexecutiveprogram.blogspot.com/2010/05/company-secretary-all-subject-classes.html">Company Secretary ALL subject classes @ Learnlabz for December 2010 Exams from 1st July; Registrations open!</a></h3> <div class="post-header"> <div class="post-header-line-1"></div> </div> <div class="post-body entry-content"> <p></p> <p style="margin-bottom: 0cm"> <br /></p> <table border="1" cellspacing="0" bordercolor="#000000" cellpadding="7" width="885"><colgroup><col width="180" /><col width="152" /><col width="130" /><col width="165" /><col width="97" /><col width="74" /></colgroup><tbody> <tr> <td height="5" valign="bottom" width="869" colspan="6"> <p style="margin-bottom: 0cm" lang="en-IN" align="center"> <br /></p> <p style="margin-bottom: 0cm" lang="en-IN" align="center"><font color="#000000"><font face="Calibri, sans-serif"><font style="font-size: 11pt" size="2"><b><a href="http://csexecutiveprogram.blogspot.com/2010/05/company-secretary-all-subject-classes.html">CS Executive Program Sessions for December 2010 Exams (July - September)</a></b></font></font></font></p> </td> </tr> </tbody></table> </div> </span></h3> <div> <h3 style="margin: 0px; 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font-size: 13px; font-weight: normal; -webkit-text-decorations-in-effect: none" class="Apple-style-span"><a style="color: rgb(222,112,8)" href="http://learnlabz.com/csclasses.html">http://learnlabz.com/csclasses.html</a></span></u></b></div> <div> <br /></div> <div><b><i>Learnlabz â Xperiment, Xcel!</i></b></div> <div><b>We make learning an interesting experience!!!</b></div> </span></span> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com227tag:blogger.com,1999:blog-9191919080550540685.post-51508831823785569852010-05-05T21:54:00.001+05:302010-05-05T21:54:01.519+05:30USD 3000 foreign visits abroad, USD 5000 to Iran/Iraq, Libya, Russia & Republics of Commonwealth of Independent States - RBI FEMA currency limits<p align="justify"><strong>Release of Foreign Exchange for Visits Abroad â Currency Component <br /></strong>Attention of Authorised Persons in foreign exchange is invited to A.P.(DIR Series) Circular No. 19 dated October 30, 2000 and A.P. (DIR Series) Circular No.11 [ A.P. ( F.L. Series ) Circular No.1 ] dated November 13, 2001, in terms of which Authorised Dealers and Full Fledged Money Changers are permitted to sell foreign exchange in the form of foreign currency notes and coins, up to USD 2,000 [<strong><em><u>increased to USD 3000</u></em></strong>] or its equivalent, to the travellers proceeding to countries <strong>other than</strong> Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States, without the prior permission from the Reserve Bank (RBI). </p> <p align="justify">Authorised Dealers and Full Fledged Money Changers may, as hitherto, continue to sell foreign exchange in the form of foreign currency notes and coins up to <strong>USD 5,000</strong> or its equivalent to the travellers proceeding to <strong>Iraq or Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States.</strong></p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/RFECC040510.pdf" target="_blank">RBI/2009-10/446 A.P. (DIR Series) Circular No. 50 May 4, 2010 A.P. (FL Series) Circular No. 7 dated 4th May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-5995993554254506012010-05-05T21:45:00.001+05:302010-05-05T21:46:23.946+05:30NBFC requires RBI NoC for overseas direct investment (ODI) in Joint Ventures or wholly owned subsidiary (JV/WoS) abroad<p align="justify">Instances have been observed where Non Banking Finance Companies (NBFCs) have made overseas investments without regulatory clearance of the Department of Non-Banking Supervision, Reserve Bank of India. Any investments made by NBFCs without regulatory clearance is a violation of FEMA 2004 and attracts penal provisions.</p> <p align="justify">In this regard, it is emphasised that <strong>all NBFCs desirous of making any overseas investment must obtain 'No Objection' (NoC) of the Department of Non-Banking Supervision (DNBS) of RBI before making such investment, from the Regional Office</strong> in whose jurisdiction the head office of the company is registered.</p> <p align="justify">Applications in this regard shall clearly state the activities intended to be undertaken by the overseas entity. NBFCs may also note that in terms of the Regulations ibid, they are not permitted to make direct investment in a foreign entity engaged in activities not approved under FEMA.</p> <p align="justify"><strong>Source: </strong><a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/CC73030510S.pdf" target="_blank">RBI/2009-10/442 DNBS (PD).CC. No.173/03.10.01 /2009-10 dated 3rd May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-44251184612908665452010-05-04T18:32:00.001+05:302010-05-04T18:32:38.169+05:30SEBI Credit Rating Guidelines/Regulations with provisions for unsolicited credit ratings & structured finance products provisions<p align="justify"><strong><u>SEBI Credit Rating Guidelines</u></strong></p> <p align="justify">Effective use of credit ratings by the users is crucially dependent upon quality and quantity of disclosures made by the Credit Rating Agencies (CRAs).</p> <p align="justify">CRA should publish information about the <strong>historical default rates</strong> of CRA rating categories and whether the default rates of these categories have changed over time, so that the public can understand the historical performance of each category and if and how rating categories have changed, and be able to draw quality comparisons among ratings given by different CRAs.</p> <p align="justify">The default rates shall be calculated in the following manner:</p> <ul> <li> <div align="justify">One Year Default Rate is the weighted average of default rates of all possible 1 year static pools in the 5-year period.</div> </li> <li> <div align="justify">Cumulative Default Rate: The cumulative default rate (CDR) represents the likelihood of an entity that was rated at the beginning of any multi-year period defaulting at any time during the multi-year period. </div> </li> <li> <div align="justify">3 year cumulative default rate shall be computed as: <br />3 year CDR for rating category X = No. of issuers which defaulted over the 3 year period / No. of issuers outstanding at the beginning of the 3 year period.</div> </li> </ul> <p align="justify">In case of <strong>unsolicited credit ratings</strong>, i.e. the credit ratings not arising out of the agreement between a CRA and the issuer, credit rating symbol shall be accompanied by the word âUNSOLICITEDâ in the same font size.</p> <p align="justify"><strong>Obligations in respect of Rating of Structured Finance Products</strong> <br />A CRA may undertake rating of structured finance products, namely, instruments / pay-outs resulting from securitization transactions (<a href="http://yehseeyes.blogspot.com/2008/06/as-amended-scra-enables-sebi-public.html" target="_blank">under SARFAESI Act, 2002 read with SEBI (POLSDI) Regulations, 2008</a>). In such cases, apart from following all the applicable requirements in case of non-structured ratings, few other additional requirements shall also be complied with.  The rating symbols shall <strong>clearly indicate</strong> that the ratings are for structured finance products.  A CRA shall also disclose at least once in every six months, the performance of the rated pool, i.e., collection efficiency, delinquencies of the Structured Finance Products.</p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirmirsd06.pdf" target="_blank">SEBI CIR/MIRSD/CRA/6/2010 dated 3rd May 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-76731127490922290592010-04-28T10:29:00.001+05:302010-04-28T10:29:53.319+05:30What is Corpfiling for Listed Company & how investors can get information online now (excel based filing), SEBI/Stock exchange website<p align="justify">SEBI had, vide circular no <a href="http://yehseeyes.blogspot.com/2007/12/no-more-edifarfile-it-thru-corpfiling.html" target="_blank">SEBI/CFD/DIL/LA/4/2007/27/12 dated December 27, 2007</a> informed that Electronic Data Information Filing And Retrieval (EDIFAR) will be phased out gradually in view of new portal viz. Corporate Filing and Dissemination System (CFDS) put in place jointly by BSE and NSE at the URL <a href="http://www.corpfiling.co.in">www.corpfiling.co.in</a>.  <a href="http://yehseeyes.blogspot.com/2007/12/no-more-edifarfile-it-thru-corpfiling.html">No more EDIFAR...File it thru corpfiling SEBI says</a></p> <p align="justify"> </p> <p align="justify">SEBI has since discontinued the EDIFAR system w.e.f from April 1, 2010. In view of this, Stock Exchanges are advised to carry out the consequential amendments in Equity Listing Agreement i.e. removal of words, âand also through the EDIFAR websiteâ from Clause 32 and omission of Clause 51 from Equity Listing Agreement. The Stock Exchanges are also advised to inform about discontinuation of EDIFAR to all the listed companies.</p> <p align="justify"> </p> <p align="justify">Now on, all the Stock Exchange/SEBI related filing such as</p> <ul> <li>Company Results </li> <li>Corporate Announcements </li> <li>Company Factsheet </li> <li>Quarterly Compliance Report </li> <li>Share Holding Pattern </li> <li>SAST (Takeover Code) </li> <li>Insider Trading </li> </ul> <p align="justify">can be done online through Microsoft Excel sheet as downloaded from the said website.  The portal aims at providing a single interface to the investors/shareholders/stakeholders to keep track of the latest filings of all the listed companies in India online irrespective of the Stock Exchange.</p> <p align="justify"><strong><a href="http://www.corpfiling.co.in/download/" target="_blank">Download Pre-requisite softwares for corpfiling.</a></strong></p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/circfddcr32010.pdf" target="_blank">SEBI CIR/CFD/DCR/3/2010 dated 16th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com2tag:blogger.com,1999:blog-9191919080550540685.post-70568210585990700762010-04-28T10:08:00.001+05:302010-04-28T10:08:32.500+05:30SEBI Timelines for 12 day listing of IPO/FPO/Public issue of securities w.e.f 3rd May 2010 - The Public offer schedule to commence trading<p align="justify">In consultation with market intermediaries, SEBI has issued a press release for <a href="http://yehseeyes.blogspot.com/2010/04/listing-within-12-days-of-public-issue.html">Listing with Stock Exchanges to be made within 12 days of closure of public issue wef 1st May 2010</a>.</p> <p align="justify">In the new process, the syndicate members shall capture all data relevant for <br />purposes of finalizing basis of allotment while uploading bid data in the electronic bidding system of the stock exchanges. In order that the data so captured is accurate, syndicate members may be permitted an additional day to amend some of the data fields entered by them in the electronic bidding system.</p> <p align="justify"> <br />It is to be noted that <strong>syndicate members</strong> shall be responsible for any error in the bid details uploaded by them. In case of apparent data entry error by either syndicate member or collecting bank in entering the application number in their respective schedules other things remaining unchanged, the application may be considered as valid and such exceptions may be recorded in minutes of the meeting submitted to stock exchange(s). In the event of mistake in capturing the application number by either the syndicate member or collecting bank leading to rejection of application, the registrar may identify based on the bid form, the entity responsible for the error. Valid records in electronic file will be those for which money is received.</p> <p align="justify">This circular contains indicative timelines for the various activities in the issue process. The non-ASBA process in this regard is given in Annexure I of the circular. Since the ASBA process also needs to be revised pursuant to the <br />reduced timelines, the revised ASBA process is indicated in Annexure II of the circular.</p> <p align="justify">Details of the mandatory data fields which are required to be captured into the electronic bidding system by the syndicate members including the fields which are modifiable/non-modifiable is given in Annexure III of the circular. <br /></p> <p align="justify">In order to facilitate quicker processing of applications for the purpose of allotment, instead of the name of the applicant, it is proposed to use PAN which is a unique identification number of the applicant. In this regard, the merchant bankers are directed to ensure that the following is clearly disclosed in the prospectus/abridged prospectus, application form and the pre-issue advertisements: <strong>âThe applicants may note that in case the DP ID & Client ID and PAN mentioned in the application form and entered into the electronic bidding system of the stock exchanges by the syndicate members do not match with the DP ID & Client ID and PAN available in the depository database, the application is liable to be rejected.â</strong> <br /></p> <p align="justify">Stock Exchanges are directed to ensure that in case of revision of bids, there shall be appropriate provisions to capture the details of the payment instrument for difference of amount, if any.  It is given to understand that there is no uniformity in the documents required to be submitted to the stock exchanges along with the listing application which results in delay in the process. In this regard, stock exchanges are directed to <strong>clearly indicate the list of documents</strong> which they require for giving listing approval, at the time of grant of <strong>in-principle approval</strong>. <br /></p> <p align="justify">Stock Exchanges, Merchant Bankers, Registrar to an Issue, Bankers to an issue including those acting as Self Certified Syndicate Banks and depositories are directed to ensure that the instructions contained in this circular are complied with. This revised procedure shall be applicable to all public issues opening on or after May 3, 2010.</p> <p align="justify"><strong><a href="http://www.sebi.gov.in//circulars/2010/circfddil03.pdf" target="_blank">Download the IPO Timeline or Public Issue Schedule issued by SEBI</a> from T+0 till T + 12 days, </strong>where âTâ is the issue closing date and âT+12â is the date of commencement of trading vide <a href="http://www.sebi.gov.in//circulars/2010/circfddil03.pdf" target="_blank">SEBI CIR/CFD/DIL/3/2010 dated 22nd April 2010</a>.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-45354346248958580502010-04-28T09:44:00.001+05:302010-04-28T09:44:57.663+05:30Optional & Limited power of attorney execution by client in favour of stock exchange/depository participant - SEBI guidelines<p align="justify"><strong>Execution of Power of Attorney (PoA) by the Client in favour of the Stock Broker and Depository Participant</strong> <br />1. A Power of Attorney is executed by the client in favour of the stock broker /stock broker and depository participant <strong>to authorize</strong> the broker to operate the clientâs demat account and bank account <strong>to facilitate</strong> the delivery of shares and pay â in/ pay â out of funds.  The cleint shall not be forced to execute Irrevocable Power of Attorney. <br />2. Generally, the PoA is taken from the clients who want to avail internet based trading services. For offering internet based trading services, a Stock Broker requires necessary authorizations for seamless trading, collection of margins as well as settlement of funds and securities. Further, some of the Stock Brokers also obtain authorizations from their clients to offer non-internet based services. <br />3. Standardizing the norms for PoA must not be construed as making the PoA a <strong>condition precedent</strong> or mandatory for availing broking or depository participant services. <strong>PoA is merely an option available</strong> to the client for instructing his broker or depository participant to facilitate the delivery of shares and pay-in/pay-out of funds etc. No stock broker or depository participant shall deny services to the client if the client refuses to execute a PoA in their favour. <br />4. The Stock Brokers shall take necessary steps to implement this circular latest by May 31, 2010 for the new clients and ensure to take necessary steps latest by September 01, 2010 to revoke those authorizations given by the existing clients to the stock brokers/ stock broker and depository participants through PoA that are inconsistent with the present guidelines.</p> <p align="justify">5. The POA should be limited & <strong>shall not facilitate</strong> the stock broker to do the following: <br />a. Transfer of securities for off market trades. <br />b. Transfer of funds from the bank account(s) of the Clients for trades executed by the clients through another stock broker. <br />c. Open a broking / trading facility with any stock broker or for opening a Beneficial Owner account with any Depository Participant. <br />d. Execute trades in the name of the client(s) without the client(s) consent. <br />e. Prohibit issue of Delivery Instruction Slips (DIS) to beneficial owner (client). <br />f. Prohibit client(s) from operating the account. <br />g. Merging of balances (dues) under various accounts to nullify debit in any other account. <br />h. Open an email ID/ email account on behalf of the client(s) for receiving statement of transactions, bills, contract notes etc. from stock broker / Depository Participant. <br />i. Renounce liability for any loss or claim that may arise due to any blocking of funds that may be erroneously instructed by the Stock Broker to the designated bank.</p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirmrddms132010.pdf" target="_blank">SEBI CIR/MRD/DMS/13/2010 dated 23rd April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com6tag:blogger.com,1999:blog-9191919080550540685.post-38174512190867761932010-04-28T09:32:00.001+05:302010-04-28T09:32:36.120+05:30Market makers in SME exchange for Rs.10 lakh & max bid ask spread may be prescribed later, SEBI guidelines<p align="justify"><strong>Sub: Guidelines for market makers on Small and Medium Enterprise (SME) exchange/separate platform of existing exchange having nation wide terminal</strong> <br />SEBI has put in a framework for setting up of new exchange or separate platform of existing stock exchange having nationwide terminals for SME (hereinafter referred to as the âExchange/ SME Exchangeâ). In order to operationalise the said framework, necessary changes have been made to applicable Regulations, circulars etc. As per the framework, market making has been made mandatory in respect of all scrips listed and traded on SME exchange. The following guidelines shall be applicable to the Market Makers on this exchange. <br />1. Applicability <br />These guidelines are applicable to all the registered Market makers for making market in all scrips listed and traded on SME exchange. <br />2. Registration of the Market Maker <br />Any member of the Exchange would be eligible to act as Market Maker provided the criteria laid down by the exchange are met. The member brokers desirous of acting as Market Maker in this exchange shall apply to the concerned stock exchange for registration as Market Makers unless already registered as a Market Maker. <br />3. The obligations and responsibilities of Market Makers <br />The Market Maker shall fulfil the following conditions to provide depth and <br />continuity on this exchange: <br />(a) The Market Maker shall be required to provide a 2-way quote for 75% of <br />the time in a day. The same shall be monitored by the stock exchange. Further, the Market Maker shall inform the exchange in advance for each and every black out period when the quotes are not being offered by the Market Maker. <br />(b) The minimum depth of the quote shall be Rs.1,00,000/- . However, the <br />investors with holdings of value less than Rs 1,00,000 shall be allowed to offer their holding to the Market Maker in that scrip provided that he sells his entire holding in that scrip in one lot along with a declaration to the effect to the selling broker. <br />(c) Execution of the order at the quoted price and quantity must be guaranteed by the Market Maker, for the quotes given by him. <br />(d) There would not be more than five Market Makers for a scrip. These would be selected on the basis of objective criteria to be evolved by the Exchange which would include capital adequacy, networth, infrastructure, minimum volume of business etc. <br />(e) The Market Maker may compete with other Market Makers for better <br />quotes to the investors; <br />(f) Once registered as a Market Maker, he has to start providing quotes from <br />the day of the listing / the day when designated as the Market Maker for the respective scrip and shall be subject to the guidelines laid down for market making by the exchange; <br />(g) Once registered as a Market Maker, he has to act in that capacity for a <br />period as mutually decided between the Merchant Banker and the market <br />maker. <br />(h) Further, the Market Maker shall be allowed to deregister by giving one <br />month notice to the exchange, subject to (g) above. <br />4. Dissemination of Information <br />The exchange should disseminate the list of Market Makers for the respective scrip to the public. <br />5. Number of Shares per Market Maker <br />The number of companies in whose shares a Market Maker would make market should be linked to his capital adequacy as decided by the exchange. <br />6. Risk Containment Measures and monitoring for Market Makers <br />All applicable margins should be levied and collected without any waiver/exemption. <br />Capital Adequacy <br />The exchanges would prescribe the capital adequacy requirement for its members to commensurate with the number of companies which Market Maker proposes to make market. Further, the stock exchange may lay down <br />additional criteria also for Market Makers as risk containment measures. The <br />same shall be monitored by the stock exchange. <br />Monitoring <br />All the requirements with regard to market making shall be monitored by the stock exchange and any violation of these requirements would be liable for punitive action to be taken by the Disciplinary Action Committee (DAC) of the Exchange, which may also include monitory penalty apart from the trade restriction as decided by the DAC under intimation to the Merchant Banker. <br />7. Price Band and Spreads <br />The exchanges shall prescribe the maximum spread between bid and ask price. The exchange, may at its discretion also prescribe the price bands for <br />the same. Further, in case of new issue the spread shall also be specified in <br />the offer document with the prior approval of the exchange.</p> <p align="justify"><strong>Source:</strong> <a href="http://www.sebi.gov.in//circulars/2010/cirmrddp142010.pdf" target="_blank">SEBI CIR/MRD/DP/ 14 /2010 dated 26th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-49109716658213525602010-04-28T09:12:00.001+05:302010-04-28T09:12:51.149+05:30Whether BSE/NSE is a regulator or a profit making entity, answer sebi now<p align="justify">Corporatisation & Demutualisation of Stock Exchanges has brought to the fore a new conflict between the âprofit maximization goalâ of an Exchange vis-Ă -vis its âregulatory roleâ. Exchanges have traditionally been the first line of regulators in the securities market. With growing commercialisation of the exchanges and the resultant competition between exchanges, it would be necessary for the market regulator to recognize the possibility that exchanges may compromise on its regulatory role in its urge to canvass larger volumes of business from intermediaries and investors.</p> <p align="justify"> </p> <p align="justify">Internationally, the practice prevalent among regulators has been to allow Exchanges to pursue their commercial operations, while exercising regulatory oversight.</p> <p>The SEBI Board, in its meeting held on December 22, 2009, (the detailed agenda note is available at <a href="http://www.sebi.gov.in/boardmeetings/129/corpgovern.html)"> http://www.sebi.gov.in/boardmeetings/129/corpgovern.html)</a> decided to set up a Committee to look into the above issues and give suitable recommendations. Accordingly, a Committee under the Chairmanship of Dr. Bimal Jalan has been constituted. The Committee has decided to adopt a consultative process. Accordingly, a questionnaire has been devised to seek <br />the views of market infrastructure institutions, market participants, users and public on the concerns related to Ownership and Governance of Market Infrastructure Institutions, as elaborated above. You are requested to forward your responses for the questionnaire to any of the following email ids latest by May 10, 2010: <br />1. bhartendrakg@sebi.gov.in <br />2. divyav@sebi.gov.in <br />3. vishakham@sebi.gov.in</p> <p align="justify"><strong><a href="http://www.sebi.gov.in//commreport/questionairre.pdf" target="_blank">Download & fill the Questionnaire now.</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com3tag:blogger.com,1999:blog-9191919080550540685.post-19994636762215204632010-04-28T09:03:00.001+05:302010-04-28T09:03:27.273+05:30SEBI guidelines for derivative contracts on Volatility Index, like NSE has<p align="justify"><strong>Sub: Introduction of derivative contracts on Volatility Index <br /></strong>Further to SEBI circular no. SEBI/DNPD/Cir-35/2007 dated January 15, 2008 with regard to introduction of Volatility Index, <strong>it has now been decided to permit Stock Exchanges to introduce derivative contracts on Volatility Index</strong>, subject to the condition that; <br />a. The underlying Volatility Index has a track record of at least 1 year. <br />b. The Exchange has in place the appropriate risk management framework <br />for such derivative contracts. <br />2. Before introduction of such contracts, the Stock Exchanges shall submit the <br />following: <br />i. Contract specifications <br />ii. Position and Exercise Limits <br />iii. Margins <br />iv. The economic purpose it is intended to serve <br />v. Likely contribution to market development <br />vi. The safeguards and the risk protection mechanism adopted by the exchange to ensure market integrity, protection of investors and smooth and orderly trading <br />vii. The infrastructure of the exchange and the surveillance system to effectively monitor trading in such contracts, and <br />viii. Details of settlement procedures & systems <br />ix. Details of back testing of the margin calculation for a period of one year considering a call and a put option on the underlying with a delta of 0.25 & -0.25 respectively and actual value of the underlying.</p> <p align="justify"><strong>Source: </strong><a href="http://www.sebi.gov.in//circulars/2010/cirdnpd012010.pdf" target="_blank">SEBI CIR/DNPD/ 1 /2010 dated 27th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com5tag:blogger.com,1999:blog-9191919080550540685.post-31555225387711914272010-04-22T10:33:00.001+05:302010-04-22T10:33:45.599+05:30Understand all about ASBA - in public issues, rights issues, by Mutual Funds, by QIB's - an alternate way of investing, SEBI<p align="justify"><a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html" target="_blank">Understand what is Application Supported by Blocked Amounts (ASBA)?</a></p> <p align="justify"><a href="http://yehseeyes.blogspot.com/2009/08/new-642-disclosures-for-rights-issue.html" target="_blank">Whether ASBA is applicable for Rights Issues?</a></p> <p align="justify"><strong><em>Can QIBâs apply in a public issue under ASBA mechanism?</em></strong></p> <p align="justify">Till now only <strong>Indian Retail Individual Investors</strong> bidding at cut-off Price were entitle to use ASBA facility.</p> <p align="justify">In this regard, Stock Exchanges, Merchant Bankers, Registrar to an Issue and Bankers to an issue acting as Self Certified Syndicate Banks are advised to ensure that appropriate arrangements are made to accept ASBA forms from <strong>Qualified Institutional Buyers (QIBs)</strong> also in addition to the existing categories of investors <strong>on or after 1st May 2010</strong>.</p> <p align="justify"><strong>Source: SEBI <a href="http://www.sebi.gov.in//circulars/2010/circfddil02.pdf" target="_blank">CIR/CFD/DIL/2/2010 dated 6th April 2010</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-67747679324578598162010-04-22T10:06:00.001+05:302010-04-22T10:08:02.181+05:30Total period of realisation is 8 years for Securitisation Company, loss assets, date of acquisition defined, surplus investment in NABARD/SIDBI & more disclosures in Balance sheet - SARFAESI provisions amended<p align="justify"><strong>The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 â Amendments (under SARFAESI provisions)</strong></p> <p align="justify">RBI clarification on certain issues as regards acquisition of financial assets by trusts floated by Securitisation Companies or Reconstruction Companies, extension in time frame allowed for realization of financial assets, deployment of surplus funds, acquisition of land and buildings by Securitisation Company or Reconstruction Company; asset classification, additional disclosures in the balance sheet etc. as detailed hereunder:-</p> <p align="justify">(Directions here means Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003)</p> <p align="justify">(a) Amendment of paragraph 3(1)(iii) of the Directions - Date of acquisition <br /><strong>Date of acquisition</strong> means the date on which the ownership of financial assets is acquired by Securitisation Company or Reconstruction Company either in its own books or directly in the books of the trust. <br /> <br />(b) Amendment of paragraph 7(1) of the Directions - Financial Assets Acquisition Policy <br />Framing of â<strong>Financial Assets Acquisition Policy</strong>â by the Securitisation Company or Reconstruction Company shall cover acquisition of financial assets either in its own books or directly in the books of the trust.</p> <p align="justify"> <br />(c) Amendment of paragraph 7(6)(ii) of the Directions - Plan of realisation <br />In terms of clause 7(6)(i) of the Directions, every Securitisation Company or Reconstruction Company is required to <strong>formulate a plan for realisation</strong> of financial assets acquired by providing for one or more measures listed therein. Further, in terms of clause 7(6)(ii) of the Directions, the plan of realisation shall clearly spell out the steps proposed to reconstruct the assets and realize the same within a specified timeframe of <strong>(within) 5 years</strong> from the date of acquisition. <br />On a review, it has been decided that on expiry of 5years from the date of acquisition of financial assets, the Board of Directors of the Securitisation Company or Reconstruction Company may increase the period for realisation of financial assets so that <strong>the total period for realisation shall not exceed 8years</strong> from the date of acquisition of financial assets concerned. The Board of Directors of the Securitisation Company or Reconstruction Company shall specify the steps that will be taken by the Securitisation Company or Reconstruction Company to realise the financial assets within the time frame as above. <br />Qualified Institutional Buyers (QIB) shall be entitled to invoke the provisions of Section 7(3) of the SARFAESI Act <strong>only at the end of such extended period </strong>(post 5 years) as explained above. If the period for realisation is not extended, the Qualified Institutional Buyers shall be entitled to invoke the provisions of Section 7(3) of the Act <strong>at the end of period of realisation</strong> (within) 5 years from the date of acquisition of the financial asset concerned. <br /> <br />(d) Amendment of paragraph 8(1) of the Directions- Issue of Security Receipts <br />Paragraph 8(1) of the Directions prescribes that a Securitisation Company or Reconstruction Company shall give effect to the provisions of Sections 7(1) and (2) of the Act through one or more trusts set up exclusively for the purpose. The Securitisation Company or Reconstruction Company is required to transfer the assets to the said trusts at the price at which those assets were acquired from the originator. It is clarified that Securitisation Company or Reconstruction Company can acquire the assets from banks/FIs either in its own books and then transfer the assets to trusts or directly acquire the assets in the books of the trusts. <strong>In case such financial assets are first acquired in its own books</strong> by the Securitisation Company or Reconstruction Company, such financial assets shall be transferred to trust at the price at which those assets were acquired by Securitisation Company or Reconstruction Company from the originator.</p> <p align="justify"> <br />(e) Amendment of paragraph 10(ii) of the Directions - Deployment of surplus funds <br />A Securitisation Company or Reconstruction Company may deploy any <strong>surplus</strong> available with it <strong>only in Government Securities and deposits with scheduled commercial banks</strong> in terms of policy framed in this regard by its Board of Directors. <br />To provide additional avenues to the Securitisation Company or Reconstruction Company for deployment of surplus funds, Securitisation Company or Reconstruction Company, subject to policy framed by its Board of Directors, may also deploy surplus funds as deposits with Small Industries Development Bank of India (<strong>SIDBI</strong>), National Bank for Agriculture and Rural Development (<strong>NABARD</strong>) or such other entity as may be specified by the Reserve Bank of India from time to time. <br /> <br />(f) Amendment of paragraph 10(iii) of the Directions- Acquisition of land and buildings by Securitisation Company or Reconstruction Company. <br />Presently, no Securitisation Company or Reconstruction Company is allowed to invest out of its owned fund in land and building, provided that this restriction will not apply to funds borrowed as also to owned fund in excess of the minimum prescribed. <br />On a review, it has been decided that no Securitisation Company or Reconstruction Company shall, invest in land and building;- <br />provided that this restriction shall not apply to investment in <strong>land and/or building</strong> by Securitisation Company or Reconstruction Company <strong>for its own use upto 10% of its owned fund</strong>, <br />provided further that any land and/or building acquired by Securitisation Company or Reconstruction Company in the ordinary course of its business of reconstruction of assets while enforcing its security interest, shall be disposed of <strong>within a period of 5 years</strong> from the date of such acquisition or such extended period as may be permitted by the Bank in the interest of realization of the dues of the Securitisation Company or Reconstruction Company.</p> <p align="justify"> <br />(g) Amendment of paragraph 12 of the Directions - Asset classification <br />It is clarified that provisions relating to asset classification are applicable only in respect of assets held in the books of Securitisation Company or Reconstruction Company. Further, the meaning of the term â<strong>Loss asset</strong>â has been expanded to include the financial assets including Security Receipts continued to be held by the Securitisation Company or Reconstruction Company which has not been realized within the total time frame specified in the plan for realization formulated by the Securitisation Company or Reconstruction Company under Paragraph 7 (6)(ii) or 7(6)(iii). <br /> <br />(h) Amendment of paragraph 15 of the Directions- <strong>Disclosures in the Balance Sheet <br /></strong>It has been decided that every Securitisation Company or Reconstruction Company shall make additional disclosures on following issues in the balance sheet:- <br />(i) Value of financial assets acquired during the financial year either in its own books or in the books of the trust; <br />(ii) Value of financial assets realized during the financial year; <br />(iii) Value of financial assets outstanding for realization as at the end of the financial year; <br />(iv) Value of Security Receipts redeemed partly and the Security Receipts redeemed fully during the financial year; <br />(v)Value of Security Receipts pending for redemption as at the end of the financial year; <br />(vi) Value of Security Receipts which could not be redeemed as a result of non-realization of the financial asset as per the policy formulated by the Securitization company or Reconstruction company under Paragraph 7(6)(ii) or 7(6)(iii). <br />(vii)Value of land and/or building acquired in ordinary course of business of reconstruction of assets (year wise)</p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/SC413R2104210.pdf" target="_blank">Notification No. DNBS.PD(SC/RC). 8 /CGM (ASR) - 2010 dated April 21, 2010 is enclosed vide RBI/2009-2010/413 DNBS (PD) CC. No. 18 / SCRC / 26.03.001/ 2009-2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-48548013942276698082010-04-22T09:40:00.001+05:302010-04-22T09:42:01.531+05:30Securitisation Company u/ SARFAESI Act shall hold atleast 5% of Security Receipts issued by it on ongoing basis till the redemption of scheme, RBI<p align="center"><strong><u>RBI amendment in SARFAESI provisions</u></strong></p> <p align="justify">Securitisation Companies/ Reconstruction Companies(SC/RCs) registered with the Bank are required to invest in the Security Receipts (SRs) issued by the trust set up for the purpose of securitisation, an amount not less than 5% under each scheme.</p> <p align="justify">In Paragraph 5 of the The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003, after subparagraph (v), the following subparagraph (vi) shall be inserted. <br />" (vi) the Securitisation Company or Reconstruction Company shall continue to hold a minimum of 5% of the Security Receipts of each class issued by the SC/RC under each scheme <strong>on an ongoing basis till the redemption </strong>of all the Security Receipts issued under such scheme.</p> <p align="justify"> </p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/SCRC521042010.pdf" target="_blank">RBI/2009-2010/414 DNBS (PD) CC. No. 19 / SCRC / 26.03.001/ 2009-2010 dated 21st April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com2tag:blogger.com,1999:blog-9191919080550540685.post-78559425773542366382010-04-22T09:30:00.001+05:302010-04-22T09:32:29.322+05:30RBI approval is mandatory for Public (IPO), Preferential issue, QIP by Private bank; Understand what is required for Public issue of securities (SEBI)<p align="justify"><strong><u>Approvals required for various Corporate Actions, Issues by Private Sector Banks</u></strong></p> <p align="justify"><strong><u>1. Initial Public Offers (lPOs) â Public Issues: <br /></u></strong>(i) All banks should obtain <strong>RBI approval</strong> for IPOs. After listing on the stock exchanges, banks are free to price their subsequent issues. <br />(ii) Issue price should be based on <strong>merchant banker's recommendation</strong>. There need be no reference to the CCI formula for deciding on the pricing of such issues. <br /><strong><u>2. Rights issues:</u></strong> <br />RBI approval would <strong>not be required for rights issues</strong> by both listed and unlisted banks. However, banks need to comply with the requirements that have been laid down in the circular DBOD.No.PSBD.BC.99/16.13.100/2004-05 dated June 25, 2005 on Rights Issue. <br /><strong><u>3. Bonus issues:</u></strong> <br />Private sector banks, both listed and unlisted, need <strong>not seek RBI's approval </strong>for bonus issues. The issues would, however, be subject to SEBI's requirements on issue of bonus shares, viz. bonus issues (a) should be made from free reserves built out of genuine profits or share premium, (b) should not dilute the value or rights of partly or fully convertible debentures, (c) should not be in lieu of dividend and (d) should not be made unless all partly paid-up shares are fully paid-up. Further, bonus issues may be issued without linkage to rights issues. <br /><strong><u>4. Preferential issue:</u></strong> <br />All preferential issues would require prior approval of RBI. Pricing of preferential issues by listed banks may be as per SEBI formula, while for unlisted banks the fair value may be determined by a chartered accountant or a merchant banker. <br /><strong><u>5. Qualified Institutional Placement (QIP):</u></strong> <br />Private Sector Banks need to approach RBI for prior 'in principle' approval in case of Qualified Institutional Placements. Banks need to approach RBI along with details of the issue once the bankâs Board approves the proposal of raising capital through this route. Further, allotment to the investors would be subject to compliance with SEBI guidelines on QIPs and RBI guidelines dated February 3, 2004 on acknowledgement of allotment / transfer of shares. Once the allotment process is complete, the banks would also be required to furnish complete details of the issue to RBI in the enclosed format for seeking post facto approval. This would be irrespective of whether any acquisition results in shareholding of 5% or more of the paid up capital of the bank. <br />6. In case of pricing of issues </p> <ul> <li> <div align="justify"><strong>where RBI approval is not required</strong>, pricing of issues should be as per SEBI guidelines (<a href="http://yehseeyes.blogspot.com/2010/03/understand-sebi-icdr-with-checklist.html" target="_blank">ICDR Regulations</a>); </div> </li> <li> <div align="justify">in cases <strong>where prior approval of RBI is required</strong>, pricing should take into account both SEBI and RBI guidelines.</div> </li> </ul> <p align="justify"><strong>Source: Issue and Pricing of Shares by Private Sector Banks vide </strong><a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/CIIPSS210410.pdf" target="_blank">RBI/2009-10/411 DBOD.No.PSBD.BC.92 /16.13.100/2009-2010 dated 20th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-27967020909458783112010-04-21T09:18:00.001+05:302010-04-21T09:18:26.800+05:30Download ICSI Admit Card for June 2010 Company Secretary exam - Hall Ticket based on CS Registration or Roll No.<p align="justify">Hope you would have got your Admit Card or Hall tickets for CS Foundation Programme, CS Executive Programme or CS Professional Programme exams by now.</p> <p align="justify">The CS Admit Card issued by ICSI gives you the details of Roll Number, Examination centre and the details of the exams that you are allowed to write along with the Date of the Exams and the exemptions granted.</p> <p align="justify">So, its the time to wish all the best!!! Just be confident of your preparations now, irrespective of how much you have studied.  Just make sure, you spend 3 hours of your time for every exam with 100% concentration and every exam is independant of each other.  The performance of one exam has connection to the performance in the other exam.  So, simply give your best for each & every exam.  Its <a href="http://csbooks.learnlabz.com" target="_blank">Only This Much</a>!!!</p> <p align="justify">For those, who have not got the same, not to panic! there is a very easy way to download, which is valid for Exams too from ICSI site itself. Just you have to know your ICSI registration number. (Enter Either Registration number or Roll Number) 17 Digit Registration No (Third character is Zero and not "O") or 9 digit numbers followed by / month (2 digit) / year (4 digit) and you will get your Admit Card Extract.</p> <p align="justify"><strong>Now, click here to get your Admit Card </strong><a href="http://www.icsi.edu:8888/enrollment/Query.aspx" target="_blank">Click here to download ICSI Hall Ticket for June 2010 exams</a>.</p> <p align="justify">If you are not able to access the above link, click <a href="http://icsi.edu/Student/Queries/tabid/1587/Default.aspx">http://icsi.edu/Student/Queries/tabid/1587/Default.aspx</a> and then click âAdmit Card Extract Linkâ.</p> <p align="justify"><strong>Enjoy passinâŠVj</strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com21tag:blogger.com,1999:blog-9191919080550540685.post-733459341846845252010-04-19T21:39:00.001+05:302010-04-19T21:39:15.385+05:30Allocation of limits to FIIs/sub-accounts for investment in Government & Corporate debt through bidding process<p align="justify"><b>Allocation of limits to FIIs/sub-accounts for investment in Government and Corporate debt through first come first served process</b></p> <p align="justify">1. As per <a href="http://yehseeyes.blogspot.com/2010/04/nse-bidding-process-for-fii-on-april-16.html" target="_blank">SEBI Circular No. IMD/FII&C/42/2009 dated April 09, 2010</a> the remaining limit for investment in Government and Corporate debt were to be allocated to the FIIs/ sub-accounts on a âfirst come first servedâ basis in terms of our Circular dated January 31, 2008.</p> <p align="justify">2. The list of entities got allocation of investment in Government and Corporate debt category are placed in Annexure A and Annexure B respectively.</p> <p align="justify">In terms of SEBI circular dated November 06, 2008, time period for utilization of these allocated limits shall be 11 working days i.e. by May 04, 2010.</p> <p align="justify"> </p> <p align="justify"><b>Allocation of limits to FIIs/sub-accounts for investment in Government & Corporate debt through bidding process</b></p> <p align="justify">1. As per <a href="http://yehseeyes.blogspot.com/2010/04/nse-bidding-process-for-fii-on-april-16.html" target="_blank">SEBI circular No. IMD/FII&C/42/2010 dated April 09, 2010</a>, unutilised investment limits for Government & Corporate debt was available for allocation to the FIIs/ sub-accounts in the open bidding platform. The bidding for these limits took place today on the NSE offered platform.</p> <p align="justify">2. Pursuant to the bidding, 11 successful bidders (list enclosed as annexure A) got allocation of investment in government debt category. In corporate debt category 18 successful bidders (list enclosed as annexure B) got allocation of investment.</p> <p align="justify">3. These limits shall be utilized by the allocated entities within 45 days of the allocation.</p> <p align="justify"><strong>Source: <a href="http://www.sebi.gov.in">www.sebi.gov.in</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-36991640404663889192010-04-12T15:30:00.001+05:302010-04-12T15:30:31.216+05:30NSE bidding process for FII on April 16, 2010 on first come first serve basis, sebi notification<p align="justify">To <br />All Foreign Institutional Investors <br />through their designated Custodians of Securities <br /><strong><u>Sub: Allocation of debt investment limits to FIIs <br /></u></strong>Based on the assessment of the allocation and the utilization of the limits to FIIs for investments in Government and Corporate Debt, it has been decided to allocate the unutilized limits in the following manner:- <br /><strong><u>I Allocation through bidding process <br /></u></strong>Please refer to <a href="http://yehseeyes.blogspot.com/2009/05/sebifii-allocation-of-government-debt.html" target="_blank">SEBI circular IMD/FII & C/ 37/2009 dated February 06, 2009</a>, providing the modalities for the allocation methodology through the bidding process. The bidding process shall be <strong>on April 16, 2010</strong> on the National Stock Exchange (<strong>NSE</strong>) for both the government as well as the corporate debt limits subject to the following conditions: - <br /><strong>1.</strong> Government Debt: <br />a. In partial amendment to clause 3 (h) of the aforesaid circular <a href="http://yehseeyes.blogspot.com/2009/05/sebifii-allocation-of-government-debt.html" target="_blank">IMD/FII & C/37/2009</a>, no single entity shall be allocated more than Rs.200 cr. of the government debt investment limit. <br />b. In partial amendment to clause 3 (c) and 3(d) of the aforesaid <a href="http://yehseeyes.blogspot.com/2009/05/sebifii-allocation-of-government-debt.html" target="_blank">circular IMD/FII & C/ 37/2009</a>, the minimum amount which can be bid for shall be Rs.50 cr. and the minimum tick size shall be Rs.50 cr. <br /><strong>2.</strong> Corporate Debt: <br />a. In partial amendment to clause 3 (h) of the aforesaid <a href="http://yehseeyes.blogspot.com/2009/05/sebifii-allocation-of-government-debt.html" target="_blank">circular IMD/FII & C/37/2009</a>, no single entity shall be allocated more than Rs.2000 cr. of the corporate debt investment limit. <br />b. In partial amendment to clause 3 (c) and 3(d) of the aforesaid <a href="http://yehseeyes.blogspot.com/2009/05/sebifii-allocation-of-government-debt.html" target="_blank">circular IMD/FII & C/ 37/2009</a>, the minimum amount which can be bid for shall be Rs.200 cr. and the minimum tick size shall be Rs.200 cr. <br /><strong><u>II. Allocation through first come first serve process (FCFS)</u></strong> <br />In terms of SEBI circular dated January 31, 2008, the government and corporate debt limits shall be allocated in the first come fist served basis subject to the following conditions:- </p> <p align="justify"><strong>3.</strong> Government Debt: <br />a. An investment limit of Rs.200 cr. in Government debt shall be allocated among the FIIs/sub-accounts on a first come first served basis, subject to a ceiling of Rs.49 cr. per registered entity. <br /><strong>4.</strong> Corporate Debt: <br />a. The remaining amount in corporate debt after bidding process shall be allocated among the FIIs/sub-accounts on a first come first served basis, subject to a ceiling of Rs.199 cr. per registered entity. <br /></p> <p align="justify">The debt requests in this regard shall be forwarded to the dedicated email id <br />fii_debtrequests@sebi.gov.in. The window for first come first served process shall open at 08:30 AM IST, April 19, 2010. Time period for utilization of the allocated debt limit through first come first served basis shall be 11 working days from the date of the allocation.</p> <p align="justify"> <br />The format for applying for debt limit for FCFS process is as per the source.</p> <p align="justify"><strong>Source: </strong><a href="http://www.sebi.gov.in//circulars/2010/cirimdfiic42-2010.pdf" target="_blank">Cir No. IMD/FII & C/42/2010 dated 9th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-89063107005372935052010-04-07T16:38:00.001+05:302010-04-07T16:38:48.604+05:30Listing with Stock Exchanges to be made within 12 days of closure of public issue wef 1st May 2010<p align="justify"><b>Reduction in timelines between issue closure and listing</b></p> <p align="justify">SEBI, in its continuing endeavour to make the existing public issue process more efficient, proposes to reduce the time between public issue closure and listing <strong>to 12 days</strong> from existing of up to 22 days. This will be applicable to public issues opening on or after May 1, 2010.</p> <p align="justify"><strong>Source: </strong><a href="http://www.sebi.gov.in//press/2010/201088.html" target="_blank">PR No.88/2010 dated 6th April 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-66008131891794912072010-04-07T16:35:00.001+05:302010-04-07T16:35:15.726+05:30SEBI's guide to Understand Prospectus, its concepts, structure, etc... [read offer documents in public issues now]<p align="center"><u><strong><a href="http://www.sebi.gov.in/Index.jsp?contentDisp=WhatsNewScroll&FilePath=/faq/faqoffer.html" target="_blank">Guide to understand an Offer Document</a></strong></u></p> <p align="justify">This subâsection attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document.</p> <p align="justify">(a) Cover Page</p> <p align="justify">Under this head full contact details of the Issuer Company, lead managers and registrars, the nature, number, price and amount of instruments offered and issue size, and the particulars regarding listing. Other details such as Credit Rating, IPO Grading, risks in relation to the first issue, etc are also disclosed if applicable.</p> <p align="justify">(b) Risk Factors</p> <p align="justify">Under this head the management of the issuer company gives its view on the Internal and external risks envisaged by the company and the proposals, if any, to address such risks. The company also makes a note on the forward looking statements. This information is disclosed in the initial pages of the document and also in the abridged prospectus. It is generally advised that the investors should go through all the risk factors of the company before making an investment decision.</p> <p align="justify">(c) Introduction</p> <p align="justify">Under this head a summary of the industry in which the issuer company operates, the business of the Issuer Company, offering details in brief, summary of consolidated financial statements and other data relating to general information about the company, the merchant bankers and their responsibilities, the details of brokers/syndicate members to the Issue, credit rating (in case of debt issue), debenture trustees (in case of debt issue), monitoring agency, book building process in brief, IPO Grading in case of First Issue of Equity capital and details of underwriting Agreements are given. Important details of capital structure, objects of the offering, funds requirement, funding plan, schedule of implementation, funds deployed, sources of financing of funds already deployed, sources of financing for the balance fund requirement, interim use of funds, basic terms of issue, basis for issue price, tax benefits are also covered.</p> <p align="justify">(d) About us</p> <p align="justify">Under this head a review of the details of business of the company, business strategy, competitive strengths, insurance, industryâregulation (if applicable), history and corporate structure, main objects, subsidiary details, management and board of directors, compensation, corporate governance, related party transactions, exchange rates, currency of presentation and dividend policy are given.</p> <p align="justify">(e) Financial Statements</p> <p align="justify">Under this head financial statement and restatement as per the requirement of the Guidelines and differences between any other accounting policies and the Indian Accounting Policies (if the Company has presented its Financial Statements also as per either US GAAP/IFRS) are presented.</p> <p align="justify">(f) Legal and other information</p> <p align="justify">Under this head outstanding litigations and material developments, litigations involving the company, the promoters of the company, its subsidiaries, and group companies are disclosed. Also material developments since the last balance sheet date, government approvals/licensing arrangements, investment approvals (FIPB/RBI etc.), technical approvals, and indebtedness, etc. are disclosed.</p> <p align="justify">(g) Other regulatory and statutory disclosures</p> <p align="justify">Under this head, authority for the Issue, prohibition by SEBI, eligibility of the company to enter the capital market, disclaimer statement by the issuer and the lead manager, disclaimer in respect of jurisdiction, distribution of information to investors, disclaimer clause of the stock exchanges, listing, impersonation, minimum subscription, letters of allotment or refund orders, consents, expert opinion, changes in the auditors in the last 3 years, expenses of the issue, fees payable to the intermediaries involved in the issue process, details of all the previous issues, all outstanding instruments, commission and brokerage on, previous issues, capitalization of reserves or profits, option to subscribe in the issue, purchase of property, revaluation of assets, classes of shares, stock market data for equity shares of the company, promise visâĂ âvis performance in the past issues and mechanism for redressal of investor grievances is disclosed.</p> <p align="justify">(h) Offering information</p> <p align="justify">Under this head Terms of the Issue, ranking of equity shares, mode of payment of dividend, face value and issue price, rights of the equity shareholder, market lot, nomination facility to investor, issue procedure, book building procedure in details along with the process of making an application, signing of underwriting agreement and filing of prospectus with SEBI/ROC, announcement of statutory advertisement, issuance of confirmation of allocation note("can") and allotment in the issue, designated date, general instructions, instructions for completing the bid form, payment instructions, submission of bid form, other instructions, disposal of application and application moneys, , interest on refund of excess bid amount, basis of allotment or allocation, method of proportionate allotment, dispatch of refund orders, communications, undertaking by the company, utilization of issue proceeds, restrictions on foreign ownership of Indian securities, are disclosed.</p> <p align="justify">(i) Other Information</p> <p align="justify">This covers description of equity shares and terms of the Articles of Association, material contracts and documents for inspection, declaration, definitions and abbreviations, etc.</p> <p align="justify"><u>Investment in public Issues/ rights issues</u></p> <p align="justify">(a) Where can I get application forms for applying/ bidding for the shares?</p> <p align="justify">Application forms for applying/bidding for shares are available with all syndicate members, collection centers, the brokers to the issue and the bankers to the issue. In case you intend to apply through new process introduced by SEBI i.e. APPLICATIONS SUPPORTED BY BLOCKED AMOOUNT (ASBA), you may get the ASBA application forms form the Self Certified Syndicate Banks. For more details on âASBA processâ please refer to the âFAQs on ASBAâ</p> <p align="justify">(b) Whom should I approach if the information disclosed in the offer document appears to be factually incorrect?</p> <p align="justify">The document is prepared by Merchant Banker(s), registered with SEBI. They are required to do the due diligence while preparing an offer document. The draft offer document submitted to SEBI is put on website for public comments. In case, you find any instance of misinformation/ lack of information, you may send your complaint to Lead Manager to the issue and/ or to SEBI, at this address: Securities & Exchange Board of India, C4 A, G Block, Bandra KurlaComplex, Bandra (E), Mumbaiâ 400051.</p> <p align="justify">(c) Is it compulsory for me to have a Demat Account?</p> <p align="justify">As per the requirement, all the public issues of size in excess of Rs.10 crore, are to made compulsorily in demat mode. Thus, if you intend to apply for an issue that is being made in a compulsory demat mode, you are required to have a demat account and also have the responsibility to put the correct DP ID and Client ID details in the bid/application forms. You can also refer to FAQs relating to demat available in the URL http://investor.sebi.gov.in/faq/dematfaq.html in the Investor Education section of the SEBI website.</p> <p align="justify">(d) Is it compulsory to have PAN?</p> <p align="justify">Yes, it is compulsory to have PAN. Any investor who wants to invest in an issue should have a PAN which is required to be mentioned in the application form. It is to be distinctly understood that the photocopy of the PAN is not required to be attached along with the application form at the time of making an application.</p> <p align="justify">(e) For how many days an issue is required to be kept open?</p> <p align="justify">The period for which an issue is required to be kept open is:</p> <p align="justify">For Fixed price public issues: 3â10 working days</p> <p align="justify">For Book built public issues: 3â7 working days extendable by 3 days in case of a revision in the price band</p> <p align="justify">For Rights issues: 15â30 days.</p> <p align="justify">(f) When do I get the allotment/ refund of shares?</p> <p align="justify">For Fixed price public issues: 30 days of the closure of the issue</p> <p align="justify">For Book built public issues: 15 days of the closure of the issue</p> <p align="justify">For Rights issues: 15 days of the closure of the issue</p> <p align="justify">(g) How can I know about the demand for an issue at any point of time?</p> <p align="justify">The status of bidding in a book built issue is available on the website of BSE/NSE on a consolidated basis. The data regarding bids is also available investor category wise. After the price has been determined on the basis of bidding, the public advertisement containing, inter alia, the price as well as a table showing the number of securities and the amount payable by an investor, based on the price determined, is issued. However, in case of a fixed price issue, information is available only after the closure of the issue through a public advertisement, issued within 10 days of dispatch of the certificates of allotment/ refund orders.</p> <p align="justify">(h) How will I get my refund in an issue?</p> <p align="justify">You can get refunds in an issue through various modes viz. registered/ordinary post, Direct Credit, RTGS (Real Time Gross Settlement), ECS (Electronic Clearing Service) and NEFT (National Electronic Funds Transfer). As stated above, if you are residing in one of the 68 centers as specified by Reserve Bank of India, then you will get refunds through ECS only except where you are otherwise disclosed eligible under Direct Credit and RTGS. If you are residing at any other center, then you will continue to get refunds through registered/ordinary post. You are therefore advised to read the instructions given in the prospectus/ abridged prospectus/ application form about centers. For more details, you may read subsection on âElectronic Clearing Scheme for Refundsâ.</p> <p align="justify">(i) When will the shares allotted to me get listed?</p> <p align="justify">In book built public issue the listing of shares will be done within 3 weeks after the closure of the issue. In case of fixed price public issue, it will be done within 37 days after closure of the issue.</p> <p align="justify">(j) How will I know which issues are coming to the market?</p> <p align="justify">The information about the forthcoming issues may be obtained from the websites of Stock Exchanges. Further the issuer coming with an issue is required to give issue advertisements in an English national Daily with wide circulation, one Hindi national newspaper and a regional language newspaper with wide circulation at the place where the registered office of the issuer is situated.</p> <p align="justify">(k) Where to I get the copies of the offer document?</p> <p align="justify">The soft copies of the offer documents are put up on the website of Merchant banker and on the website of SEBI under Reports/Documents section [http://www.sebi.gov.in/Index.jsp?contentDisp= Section&sec_id=5 ]. Copies of the offer documents in hard form may be obtained from the merchant banker or office of SEBI, SEBI Bhawan, Plot No. C4âA âGâ Block, BKC, Bandra (E), Mumbai â 400051 on a payment of Rs 100 through Demand Draft.</p> <p align="justify">(l) How do I find the status of offer documents filed by issuers with SEBI?</p> <p align="justify">SEBI updates the processing status of offer documents on its website every week under the section http://www.sebi.gov.in/Index.jsp?contentDisp=PrimaryMarket in SEBI website. The draft offer documents are put up on the website under Reports/Documents section. The final offer documents that are filed with SEBI/ROC are also put up for information under the same section.</p> <p align="justify">(m) Whom do I approach if I have grievances in respect of non receipt of shares, delay in refund etc.?</p> <p align="justify">You can approach the compliance officer of the issue, whose name and contact number is mentioned on the cover page of the Offer Document. You can also address your complaints to SEBI at the following address: Office of Investor Assistance & Education, Securities & Exchange Board of India, C4A, G Block,Bandra Kurla Complex, Bandra (E), Mumbaiâ 400051.</p> <p align="justify">Understanding Book Building</p> <p align="justify">(a) What is book Building?</p> <p align="justify">Book building is a process of price discovery. The issuer discloses a price band or floor price before opening of the issue of the securities offered. On the basis of the demands received at various price levels within the price band specified by the issuer, Book Running Lead Manager (BRLM) in close consultation with the issuer arrives at a price at which the security offered by the issuer, can be issued.</p> <p align="justify">(b) What is a price band?</p> <p align="justify">The price band is a band of price within which investors can bid. The spread between the floor and the cap of the price band shall not be more than 20%. The price band can be revised. If revised, the bidding period shall be extended for a further period of three days, subject to the total bidding period not exceeding thirteen days.</p> <p align="justify">(c) How does Book Building work?</p> <p align="justify">Book building is a process of price discovery. A floor price or price band within which the bids can move is disclosed at least two working days before opening of the issue in case of an IPO and atleast one day before opening of the issue in case of an FPO. The applicants bid for the shares quoting the price and the quantity that they would like to bid at. After the bidding process is complete, the âcutâoffâ price is arrived at based on the demand of securities. The basis of Allotment is then finalized and allotment/refund is undertaken. The final prospectus with all the details including the final issue price and the issue size is filed with ROC, thus completing the issue process. Only the retail investors have the option of bidding at âcutâoffâ.</p> <p align="justify">(d) How does âcutâoffâ option works for investors?</p> <p align="justify">âCutâoffâ option is available for only retail individual investors i.e investors who are applying for securities worth up to Rs 1,00,000/â only. Such investors are required to tick the cutâoff option which indicates their willingness to subscribe to shares at any price discovered within the price band. Unlike price bids (where a specific price is indicated) which can be invalid, if price indicated by applicant is lower than the price discovered, the cutâoff bids always remain valid for the purpose of allotment</p> <p align="justify">(e) Can I change/revise my bid?</p> <p align="justify">Yes, you can change or revise the quantity or price in the bid using the form for changing/revising the bid that is available along with the application form. However, the entire process of changing or revising the bids shall be completed within the date of closure of the issue.</p> <p align="justify">(f) Can I cancel my Bid?</p> <p align="justify">Yes, you can cancel your bid anytime before the finalization of the basis of allotment by approaching/ writing/ making an application to the registrar to the issue.</p> <p align="justify">(g) What proof can I request from a trading member or a syndicate member for entering bids?</p> <p align="justify">The syndicate member returns the counterfoil with the signature, date and stamp of the syndicate member. You can retain this as a sufficient proof that the bids have been accepted by the trading / syndicate member for uploading on the terminal.</p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-68574802625716771652010-04-07T15:48:00.001+05:302010-04-07T16:10:27.284+05:30Tamil new year becomes public holiday because of Ambedkar birthday! Can an AGM be held on subsequently declared holiday?<p align="justify"><strong>Subject: Declaration of Holiday on 14th April, 2010 & Birthday of Dr. B.R. Ambedkar.</strong> <br />It has been decided to declare Wednesday, the 14th April 2010, as a Closed Holiday on account of the birthday of Dr. B.R. Ambedkar, for all Central Government Offices including industrial establishments throughout India.</p> <p align="justify">The above holiday is also being notified in exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881 (26 of 1881).</p> <p align="justify"><strong>Source:</strong> <a href="http://persmin.gov.in/writedata/CircularNotification/ScanDocument/12_3_2010-JCA-2.pdf" target="_blank">Notification NO. 12/3/2010-JCA-2 dated 29th March 2010</a></p> <p align="justify"><em><strong><u>Interesting Issue</u></strong>: </em>Could you find out what will happen if an Annual General Meeting (AGM) is scheduled on 14th April 2010 by sending 21 clear days advance notice?  The issue is, at the time of issue of notice (which will be definitely before 29th March), the Company is unaware that AGM date may be a Public Holiday!!! <strong><em>Enjoy crackinâŠ</em></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com11tag:blogger.com,1999:blog-9191919080550540685.post-79595008130992012282010-04-06T22:02:00.001+05:302010-04-06T22:14:50.339+05:30Debentures/Bonds by Indian Infrastructure companies to Non Resident Entities following ECB (structured obligations/novated loans)<p align="justify"><strong>External Commercial Borrowings (ECB) Policy â Structured Obligations</strong> <br />Borrowing and lending of Indian Rupees between two persons resident in India does not attract the provisions of the Foreign Exchange Management Act, 1999. In case where a Rupee loan is granted against the guarantee provided by a person resident outside India, there is no transaction involving foreign exchange until the guarantee is invoked and the non-resident guarantor is required to meet the liability under the guarantee. <strong>The Reserve Bank vide Notification No. FEMA 29/2000-RB dated September 26, 2000 has granted general permission to a person resident in India, being a principal debtor, to make payment to a person resident outside India, who has met the liability under a guarantee.</strong></p> <p align="justify">As per the extant policy, domestic Rupee denominated structured obligations have been permitted to be credit enhanced by non-resident entities under the approval route. In view of the growing needs of funds in the infrastructure sector, the existing norms have been reviewed and it has been decided to put in place a comprehensive policy framework on credit enhancement to domestic debt as indicated below.</p> <p align="justify">It has since been decided that the facility of credit enhancement by eligible non-resident entities may be extended to domestic debt raised through <strong>issue of capital market instruments, such as debentures and bonds, by Indian companies engaged exclusively in the development of infrastructure</strong> and by the <a href="http://yehseeyes.blogspot.com/2010/02/new-nbfc-classification-afc-ifc.html" target="_blank">Infrastructure Finance Companies (IFCs), which have been classified as such by the Reserve Bank in terms of the guidelines contained in the circular DNBS.PD. CC No. 168 / 03.02.089 / 2009-10 dated February 12, 2010</a>, subject to the following conditions: <br />i) credit enhancement will be permitted to be provided by multilateral / regional financial institutions and Government owned development financial institutions; <br />ii) the underlying debt instrument should have a minimum average maturity of 7 years; <br />iii) prepayment and call / put options would not be permissible for such capital market instruments up to an average maturity period of 7 years; <br />iv) guarantee fee and other costs in connection with credit enhancement will be restricted to a maximum 2% of the principal amount involved; <br />v) on invocation of the credit enhancement, if the guarantor meets the liability and if the same is permissible to be repaid in foreign currency to the eligible non-resident entity, the all-in-cost ceilings, as applicable to the relevant maturity period of the Trade Credit / ECBs, would apply to the novated loan. Presently, the all-in-cost ceilings, depending on the average maturity period, are applicable as follows:</p> <p align="justify"><a href="http://lh4.ggpht.com/_LqxdOyCO0zE/S7tiH91FNZI/AAAAAAAABGY/icJC1LG3DEY/s1600-h/image%5B2%5D.png"><img title="image" style="border-top-width: 0px; display: inline; border-left-width: 0px; border-bottom-width: 0px; border-right-width: 0px" height="62" alt="image" src="http://lh6.ggpht.com/_LqxdOyCO0zE/S7tiImdg6OI/AAAAAAAABGc/y_MxAGx78GU/image_thumb.png?imgmax=800" width="244" border="0" /></a> </p> <p align="justify">vi) In case of <strong>default</strong> and if the loan is serviced in Indian Rupees, the applicable rate of interest would be the coupon of the bonds or 250 bps over the prevailing secondary market yield of 5 years Government of India security, as on the date of novation, whichever is higher; <br />vii) IFCs proposing to avail of the credit enhancement facility should comply with the eligibility criteria and prudential norms laid down in the <a href="http://yehseeyes.blogspot.com/2010/02/new-nbfc-classification-afc-ifc.html" target="_blank">circular DNBS.PD.CC No.168 / 03.02.089 / 2009-10 dated February 12, 2010</a> and in case the novated loan is designated in foreign currency, the IFC should hedge the entire foreign currency exposure; and <br />viii) The reporting arrangements as applicable to the ECBs would be applicable to the novated loans.</p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/APCR40020310.pdf" target="_blank">RBI A.P. (DIR Series) Circular No. 40 dated 2nd March 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-50024679372243769612010-04-06T21:51:00.001+05:302010-04-06T21:51:44.573+05:30Download RBI Notification & Guidelines on Stripping/Reconstitution of Government Securities, a good read<p align="justify"><strong>RBI Guidelines on Stripping/Reconstitution of Government Securities</strong> <br />Please refer to paragraph No.101 of the Annual Policy Statement for the year 2009-10. As indicated therein, it has been decided to introduce Separate Trading of Registered Interest and Principal of Securities (STRIPS) in Government Securities as part of the efforts to develop the Government Securities market. <br />STRIPS in Government Securities will ensure availability of sovereign zero coupon bonds, which will lead to the development of a market determined zero coupon yield curve (ZCYC).</p> <p align="justify">STRIPS will also provide institutional investors with an additional instrument for their assetliability management. Further, as STRIPS have zero reinvestment risk (discounted instruments with no periodic interest payment thereby obviating the need for reinvestment of intermediate cash flows arising out of the investment), they can be attractive to retail/non-institutional investors.</p> <p align="justify">The terms and conditions governing the stripping/reconstitution of Government of India securities are set out in the RBI Notification IDMD.1762/2009-10 dated October 16, 2009.</p> <p align="justify">Detailed guidelines outlining the process of stripping/reconstitution and other operational procedures regarding transactions in STRIPS are enclosed and shall come into effect from April 01, 2010.</p> <h3 align="justify">Download RBI Notification & Guidelines on Stripping/Reconstitution of Government Securities</h3> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-85519571656587038952010-04-06T21:45:00.001+05:302010-04-06T21:45:53.847+05:30Date of deposit of cheque & opening PPF account by Minor, RBI clarification<p align="justify"><strong>Public Provident Fund Scheme, 1968: <br />1) Clarification regarding reckoning of the date of deposit <br />2) Reiteration of instructions on opening of an account for a minor</strong> <br /><strong><u>1. Reckoning the date of deposit in case of cheque payment: <br /></u></strong>As you are aware, Ministry of Finance letter No. F. 3(9)-PD/72 dated September 4, 1972, has issued notification for Public Provident Fund Scheme, 1968 (PPF). In order to bring uniformity in the reckoning of the date of deposit in the PPF vis-Ă -vis Post Office Savings Schemes (POSS) and Senior Citizens Savings Scheme, 2004 (SCSS), the Government of India (GoI), vide their letter F. No.7/7/2008/NS-II dated February 10, 2010, have decided that hereafter in modification of Ministry of Finance letter No.F.3(9)-PD/72 dated September 4, 1972 "when a deposit is made in the PPF account by means of a local cheque or demand draft by the subscriber, the date of realization of the amount will be the date of deposit."</p> <p align="justify"><strong><u>2. Opening of an account for a minor: <br /></u></strong>In view of complaints being received about non-opening of accounts for minor by some Agency banks, it is reiterated that as per Rule 3 (1) of PPF Scheme, 1968, an individual may, on his own behalf or on behalf of a minor, of whom he is the guardian, subscribe to the Public Provident Fund. Further it is reiterated that as clarified, vide Ministry of Finance letter F.7/34/88/-NS II dated November 17, 1989, <strong>either father or mother can open a PPF account on behalf of his/her minor child but not both.</strong></p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/PPFC290310.pdf" target="_blank">DGBA.CDD. H- 7530/15.02.001/2009-10 dated 29th March 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com1tag:blogger.com,1999:blog-9191919080550540685.post-85488041425213373892010-04-06T21:38:00.001+05:302010-04-06T22:15:45.588+05:30Again an option to Buyback / Prepayment of FCCB under RBI Approval Route till June 2010<p align="justify"><strong>Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)</strong> <br />Attention of Authorised Dealer Category â I (AD Category â I) banks is invited to the <a href="http://yehseeyes.blogspot.com/2008/12/femabuyback-fccb1525-discount-under.html" target="_blank">A.P. (DIR Series) Circular No. 39 dated December 08, 2008</a> and <a href="http://yehseeyes.blogspot.com/2009/04/fccbbuy-back-upto-usd-100-million-under.html" target="_blank">A.P. (DIR Series) Circular No. 65 dated April 28, 2009</a> on the captioned subject. In terms of <a href="http://yehseeyes.blogspot.com/2009/04/fccbbuy-back-upto-usd-100-million-under.html" target="_blank">A.P. (DIR Series) Circular No. 58 dated March 13, 2009</a>, Indian companies were allowed to buyback their Foreign Currency Convertible Bonds (FCCBs) both under the automatic route and approval route <a href="http://yehseeyes.blogspot.com/2009/04/fccbbuy-back-upto-usd-100-million-under.html" target="_blank">until December 31, 2009</a>. The Scheme was discontinued with effect from January 1, 2010.</p> <p align="justify">In view of the representations made by the issuers of FCCBs, it has been decided to consider applications, under the <strong>approval route</strong>, for buyback of FCCBs <strong>until June 30, 2010</strong>, subject to issuers complying with all the terms and conditions of buyback/prepayment of FCCBs, as mentioned in abovementioned circulars. </p> <p align="justify">Accordingly, applications complying with the conditions may be submitted, together with the supporting documents, through the designated AD Category - I bank to the Chief General Manager-in-Charge, Reserve Bank of India, Foreign Exchange Department, External Commercial Borrowings Division, Central Office, 11th Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai-400 001.</p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/APDIR44290310.pdf" target="_blank">A.P. (DIR Series) Circular No. 44 dated 29th March 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-19199557179446375912010-04-06T21:26:00.001+05:302010-04-06T21:28:11.911+05:30Practising CS CA CWA to give COP & list of documents for KYC regarding Bank Account for Sole Proprietorship Concerns<p align="justify"><strong>Know your Customer (KYC) guidelines - accounts of proprietary concerns</strong> <br />A reference is invited to <a href="http://yehseeyes.blogspot.com/2009/11/records-to-be-maintained-from.html" target="_blank">Para 2.4(a) of the Master Circular on KYC/AML/CFT/Obligation of banks under Prevention of Money laundering Act (PMLA), 2002 issued to banks vide DBOD.AML.BC. No.2/14.01.001/2009-10 dated July 1, 2009</a>. It has been advised to banks that internal guidelines for customer identification procedure of legal entities may be framed by them based on their experience of dealing with such entities, normal bankersâ prudence and the legal requirements as per established practices. If the bank decides to accept such accounts in terms of the Customer Acceptance Policy, the bank should take reasonable measures to identify the beneficial owner(s) and verify his/her/their identity in a manner so that it is satisfied that it knows who the beneficial owner(s) is/are. <br /></p> <p align="justify"><strong>For sake of clarity</strong>, in case of accounts of proprietorship concerns, it has been decided to lay down criteria for the <strong>customer identification procedure</strong> for account opening by proprietary concerns. Accordingly, apart from following the extant guidelines on customer identification procedure as applicable to the proprietor, banks / financial institutions should call for and verify the following documents <strong>before opening of accounts</strong> in the name of a proprietary concern:</p> <ul> <li> <div align="justify">Proof of the name, address and activity of the concern, like registration certificate (in the case of a registered concern), certificate/licence issued by the Municipal authorities under Shop & Establishment Act, sales and income tax returns, CST/VAT certificate, certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities, Licence issued by the Registering authority like Certificate of Practice issued by ICAI, ICWAI, ICSI, Indian Medical Council, Food and Drug Control Authorities, etc.</div> </li> <li> <div align="justify">Any two of the above documents would suffice. These documents should be in the name of the proprietary concern.</div> </li> </ul> <p align="justify">These guidelines will apply to all new customers, while in case of accounts of existing customers, the above formalities should be completed in a time bound manner and should be completed <strong>before December 31, 2010</strong>.</p> <p align="justify"><strong>Source:</strong> RBI <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/PCCM260310.pdf" target="_blank">DBOD.AML.BC.No.80 /14.01.001/2009-10 dated 26th March 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-83070928985717932202010-04-06T21:16:00.001+05:302010-04-06T21:17:00.108+05:30ASBA for Mutual Funds, NFO 15 days, Corporate Governance norms, No revenue sharing arangement & No dividend from Unit Premium Reserve<p align="justify">To <strong>All Mutual Funds (MFs)/Asset Management Companies (AMCs) <br /></strong> <br /><u><strong>1. Brokerage and commission paid to associates <br /></strong></u>i. Regulation 25 (8) of SEBI (Mutual Funds) Regulations, 1996 mandates that the payment of brokerage or commission, if any, to the sponsor or any of its associates, employees or their relatives, has to be disclosed in the halfâyearly annual accounts of the mutual fund.  Now, in the bridged scheme wise <br /><a href="http://yehseeyes.blogspot.com/2008/05/sebi-simplification-of-offer-document.html" target="_blank">annual report and the SAI</a>, these disclosures shall henceforth be made in the <br />format as prescribed in <a href="http://www.sebi.gov.in//circulars/2010/cir-mf182010.pdf" target="_blank">Annexure A</a>. <br /><strong><u>2. Additional mode of payment through Applications Supported by Blocked Amount (ASBA) in Mutual Funds and Reduction in New Fund offer (NFO) period</u></strong></p> <ol> <li> <div><a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html" target="_blank">ASBA</a> is already available for subscription to <a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html" target="_blank">public  issue</a> & <a href="http://yehseeyes.blogspot.com/2009/08/new-642-disclosures-for-rights-issue.html" target="_blank">rights issue</a> of equity and now it is extended to the investors <strong>subscribing to New Fund Offers (NFOs) of mutual fund schemes</strong>. It shall co-exist with the current process, wherein cheques/ demand drafts are used as a mode of payment. The banks which are in SEBIâs list shall extend the same facility in case of NFOs of mutual fund schemes to all eligible investors in Mutual Fund units. Mutual Funds shall ensure that adequate arrangements are made by Registrar and Transfer Agents (RTA) for the implementation of ASBA. Mutual Funds/AMCs shall make all relevant disclosures in this regard in the SAI. Also read <a href="http://yehseeyes.blogspot.com/2008/09/sebi-asba-lets-learn-concept.html">[SEBI-ASBA] Lets Learn the Concept</a>.</div> </li> <li> <div>Reduction of NFO Periods to <strong>15 days: </strong>It has been decided that the present limit of maximum period of 30 days in case of Open ended schemes and 45 days of close ended scheme shall be reduced to 15 days (except ELSS schemes). Mutual Funds/ AMCs shall use the NFO proceeds only on or after <br />the closure of the NFO period. The mutual fund should allot units/refund of money and dispatch statements of accounts within 5 business days from the closure of the NFO and all the schemes (except ELSS) shall be available for ongoing repurchase/sale/trading within five business days of allotmentâ.</div> </li> <li> <div>Applicability: For all NFOs launched on or after July 01, 2010.</div> </li> </ol> <p align="justify"><strong><u>3. Non availability of Unit Premium Reserve for dividend distribution</u></strong></p> <p align="justify">The IX and XI Schedule of SEBI (Mutual Funds) Regulations provide the accounting policies to be followed for determining distributable surplus and accounting the sale and repurchase of units in the books of the Mutual Fund. The Unit Premium Reserve, which is part of the sales price of units that is not attributable to realized gains, cannot be used to pay dividend.  It is therefore <strong>reiterated</strong> that:</p> <ul> <li> <div>When units of an open-ended scheme are sold, and sale price is <strong>higher than face value</strong> of the unit, part of sale proceeds that represents unrealised gains shall be <strong>credited</strong> to a separate account (Unit Premium Reserve) and shall be treated at par with unit capital and the same shall <br />not be utilized for the determination of distributable surplus.</div> </li> <li> <div>When units of an open-ended scheme are sold, and sale price is <strong>less than face value</strong> of the unit, the difference between the sale price and face value shall be <strong>debited</strong> to distributable reserves and the dividend can be declared only when distributable reserves become positive after <br />adjusting the amount debited to reserves as per XI Schedule of SEBI (Mutual Funds) Regulations.</div> </li> </ul> <p align="justify"><strong><u>4. Role of Mutual Funds in Corporate Governance of Public Listed Companies</u></strong></p> <p align="justify">It has been decided that henceforth, AMCs shall disclose their general policies <br />and procedures for exercising the voting rights in respect of shares held by them on the website of the respective AMC as well as in the annual report distributed to the unit holders from the financial year 2010-11.</p> <p align="justify">Further, the AMCs are also required to disclose on the website of the respective AMC as well as in the annual report distributed to the unit holders from the financial year 2010-11, the actual exercise of their proxy votes in the AGMs/EGMs of the investee companies in respect of the following matters</p> <ul> <li> <div align="justify">Corporate governance matters, including changes in the state of <br />incorporation, merger and other corporate restructuring, and anti <br />takeover provisions.</div> </li> <li> <div align="justify">Changes to capital structure, including increases and decreases of <br />capital and preferred stock issuances.</div> </li> <li> <div align="justify">Stock option plans and other management compensation issues.</div> </li> <li> <div align="justify">Social and corporate responsibility issues.</div> </li> <li> <div align="justify">Appointment and Removal of Directors.</div> </li> <li> <div align="justify">Any other issue that may affect the interest of the shareholders in <br />general and interest of the unit-holders in particular.</div> </li> </ul> <p align="justify">The format for disclosure of voting by mutual funds in general meetings of listed companies is placed in Annexure B. <br /><strong><u>5. Provision of charging of additional management fees by the AMCâs in case of schemes launched on no load basis <br /></u></strong>Consequent to SEBI Circular Empowering investors through transparency in payment of commission and load structureâ which stipulated that <a href="http://yehseeyes.blogspot.com/2009/07/no-entry-load-for-all-mutual-fund-mf.html">No entry load for all Mutual Fund (MF) scheme,all expenses out of 1% Exit load & disclosure of all commissions to distributors from 1st August 2009</a>, it is clarified that AMC shall not collect any additional management fees referred to in Regulation 52(3) of SEBI Mutual Funds Regulation, 1996.  This is applicable to MF schemes which are not launched (including those for which observation letter have been issued).</p> <p align="justify"><strong><u>6. Fund of Funds Scheme <br /></u></strong>i. It has been observed from the disclosures in the <a href="http://yehseeyes.blogspot.com/2008/05/sebi-simplification-of-offer-document.html" target="_blank">scheme information documents (SID)</a> that Asset Management Companies (AMCs) have been entering into revenue sharing arrangements with offshore funds in respect of investments made on behalf of Fund of Fund schemes. These arrangements create conflict of interest. <br />ii. It has been decided that henceforth AMCs <strong>shall not enter into any revenue sharing arrangement with the underlying funds</strong> in any manner and shall not receive any revenue by whatever means/head from the underlying fund. Any commission or brokerage received from the underlying fund shall be <strong>credited</strong> into concerned schemeâs account.</p> <p align="justify"> <br /><strong>Source: </strong><a href="http://www.sebi.gov.in//circulars/2010/cir-mf182010.pdf" target="_blank">SEBI/IMD/CIR No 18 / 198647 /2010 dated 15th March 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-16274275761097834242010-04-06T20:42:00.001+05:302010-04-06T20:42:26.984+05:30New definition of PIO includes Mother & Grandmother for FEMA, RBI notification as per Immovable Property Second Amendment 2009<p align="justify"><strong><u>Purchase of Immovable Property in India by Persons of Indian Origin (PIOs) â Amendment of the definition</u></strong></p> <p align="justify">The term PIO is defined under <a href="http://rbidocs.rbi.org.in/rdocs/notification/PDFs/13271.pdf" target="_blank">Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India), Regulations, 2000</a>.</p> <p align="justify">The definition is partially <a href="http://rbidocs.rbi.org.in/rdocs/notification/PDFs/FEM20130110.pdf" target="_blank">amended by Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Second Amendment) Regulations, 2009</a> to include Mother & Grandmother.</p> <p align="justify">Now, PIO means:</p> <ul> <li> <div align="justify">an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan),</div> </li> <li> <div align="justify">(i) who at any time, held an Indian Passport or </div> </li> <li> <div align="justify">(ii) who or either of whose father or <strong><u>mother</u></strong> or whose grandfather or <strong><u>grandmother</u></strong> was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955.</div> </li> </ul> <p><strong>Source: </strong><a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/APDI25130110.pdf" target="_blank">A.P. (DIR Series) Circular No.25 dated 10th January 2o1o</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0tag:blogger.com,1999:blog-9191919080550540685.post-21750150278860571362010-04-06T20:29:00.001+05:302010-04-06T20:29:25.797+05:30FIU-IND transaction reporting under Money Laundering for Rs.10 lakh or Rs.50,000 as per Amendment Rules, 2009<p align="justify"><strong><a href="http://yehseeyes.blogspot.com/2009/11/records-to-be-maintained-from.html" target="_blank">Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment Rules, 2009</a> - Obligation of banks/Financial institutions</strong></p> <p align="justify">As you are aware, Prevention of Money-laundering Act (PMLA), 2002 read with Rules is amended by Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries)  Amendment Rules, 2009 vide <a href="http://yehseeyes.blogspot.com/2009/11/records-to-be-maintained-from.html" target="_blank">Records to be maintained from transaction, Non profit organisation included, Suspicious transaction defined in amendment of Money Laundering Rules 2009.</a></p> <p align="justify">Accordingly, in view of amendments to the above Rules, banks / financial institutions are required to : <br />i) Maintain proper record of all transactions involving receipts by non- profit organizations of value more than <strong>Rs.10 lakh</strong> or its equivalent in foreign currency and to forward a <strong>report</strong> to FIU-IND of all such transactions in the prescribed format every month by the <strong>15th </strong>of the succeeding month. <br />ii) In case of transactions carried out by a non-account based customer, that is a <strong>walk-in customer</strong>, where the amount of transaction is equal to or exceeds <strong>Rs.50,000/-</strong>, whether conducted as a single transaction or several transactions that appear to be connected, the customer's identity and address should be <strong>verified</strong>. Further, if a bank has reason to believe that a customer is intentionally structuring a transaction into a <strong>series of transactions below the threshold of Rs.50,000/-</strong> the bank should verify identity and address of the customer and also consider filing a <strong>suspicious transaction report (STR)</strong> to FIU-IND.</p> <p align="justify"><strong>Source:</strong> <a href="http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/PMLA120110.pdf" target="_blank">DBOD. AML.BC. No. 68 /14.01.001/2009-10 dated 12th January 2010</a></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com6tag:blogger.com,1999:blog-9191919080550540685.post-40315063849821369662010-04-06T10:12:00.001+05:302010-04-06T10:14:07.239+05:30Money deposit schemes are illegal, RBI cautions public about Unincorporated bodies<p align="justify"><b>RBI cautions public : Not to deposit money in unincorporated bodies</b></p> <p align="justify">It has come to the notice of the Reserve Bank of India that some individuals/firms/unincorporated association of individuals (unincorporated bodies) have been collecting deposits from the public by making tall promises of high returns. Some of them are stated to have vanished without repaying deposits. Under Section 45-S(1) of the Reserve Bank of India Act, 1934, unincorporated bodies that are carrying on the business of a financial institution or NBFC or whose principal business is that of receiving deposits are prohibited from accepting deposits from the public. Members of public are hereby cautioned not to deposit money with such unincorporated bodies. Persons depositing money with such unincorporated bodies would be doing so at their own risk.</p> <p><strong><a href="http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/IEPR1315P0310.pdf" target="_blank">Press Release: 2009-2010/1315</a></strong></p> See Yes Vjhttp://www.blogger.com/profile/01917818545941108442noreply@blogger.com0