CS Tax Laws: Excise & CENVAT Credit Rules for Professional Programme exams, concepts in a nutshell, enjoy passin...

Thanks Mr. CS Manoj Bisht for this wonderful presentation on Excise Basics.

The presentation is crystal crisp & clear.

Enjoy reading… Excise Laws in a nutshell with Excise-BasicConcepts-Manoj.pdf

Further, he has specially prepared CENVAT Credit Rules for us!!! Its a mandatory read through.

Enjoy reading CENVAT Credit Rules in a nutshell with CENVATCREDITRULES-Manoj.pdf

You can go for exams with confidence based on this.

Do give your feedback/reviews!!!

Books for CS Professional Program on corporate restructuring, strategic alliances international trade, drafting appearances pleadings, company secretarial practice, due diligence compliance management, governance ethics sustainability

Only This Much for Company Secretary Professional Program is launched and is available in the market now!!!

Only This Much for Company Secretary Professional Program (OTM CS PP)covers the following subjects in Module I, II, II and IV:
. Corporate Restructuring and Insolvency
. Strategic Management, Alliances and International Trade (WTO)
. Drafting, Appearances and Pleadings . Company Secretarial Practice
. Due Diligence and Corporate Compliance Management
. Corporate Governance, Business Ethics and Sustainability

The books is made with a focus to make a CS Student to prepare CS Exams with a confidence!!!

How to purchase Book? How the book will be? & more details in http://csbooks.learnlabz.com

The detailed contents of the book can be downloaded from http://sites.google.com/a/lawlabz.com/www/Home/OTM-PPpublicity-04.12.09.pdf?attredirects=0&d=1

Enjoy reading and do send your tidbits/ideas to onlythismuch@lawlabz.com as they go a long way in motivating us.

To get Only This Much update, visit http://www.learnlabz.com

Transmission or Transposition & death of Joint holder of shares mandates PAN for listed companies & for mismatch or maiden name for married woman, a proof of identity or address to be submitted for corroborative evidence to RTA

SEBI/MRD/DoP/SE/RTA/Cir-03/2010 dated 7th January, 2010

Sub: PAN requirement for transmission of shares in physical form
The Securities and Exchange Board of India (SEBI) vide circular ref. no. MRD/DoP/Cir-05/2007 dated April 27, 2007 made PAN mandatory for all securities market transactions. Thereafter, vide circular no. MRD/DoP/ Cir-05/2009 dated May 20, 2009 it was clarified that for securities market transactions and off-market/ private transactions involving transfer of shares in physical form of listed companies, it shall be mandatory for the transferee(s) to furnish copy of PAN card to the Company/ RTAs for registration of such transfer of shares.

Based on representations/ clarifications sought by market participants and in continuation to the aforesaid circulars, it is hereby clarified that it shall be mandatory to furnish a copy of PAN in the following cases –

1. Deletion of name of the deceased shareholder(s), where the shares are held in the name of two or more shareholders (Joint Shareholdings).
2. Transmission of shares to the legal heir(s), where deceased shareholder was the sole holder of shares.
3. Transposition of shares – when there is a change in the order of
   names in which physical shares are held jointly in the names of two or
   more shareholders.

Incase of mismatch in PAN card details as well as difference in maiden name and current name (in case of married women) of the investors -

• The Registrar & Transfer Agents (RTAs) can collect the PAN card as submitted by the transferee(s).  However, this would be subject to the RTAs verifying the veracity of the claim of such transferee(s) by collecting sufficient documentary evidence in support of the identity of the transferee(s) as provided for at para. 2 in the SEBI circular no. MRD/DoP/Dep/Cir-29/2004 dated August 24, 2004 (ie) based on proof of identity or proof of address documents as given below:

• (ie) A copy of any one of the following may be accepted for proof  of identity / proof of address:

  A.  Proof of Identity

  I. Passport
  II. Voter ID Card
  III. Driving license
  IV. PAN card with photograph
  V. MAPIN card
  VI. Identity card/document with applicant's Photo, issued by

  a) Central/State Government and its Departments,
  b) Statutory/Regulatory Authorities,
  c) Public Sector Undertakings,
  d) Scheduled Commercial Banks,
  e) Public Financial Institutions,
  f) Colleges affiliated to Universities,
  g) Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and
  h) Credit cards/Debit cards issued by Banks.

  B.  Proof of Address

  I. Ration card
  II. Passport
  III. Voter ID Card
  IV. Driving license
  V. Bank passbook
  VI. Verified copies of

  a) Electricity bills (not more than two months old),
  b) Residence Telephone bills (not more than two months old) and
  c) Leave and License agreement / Agreement for sale.

  VII. Self-declaration by High Court & Supreme Court judges, giving the new address in respect of their own accounts.
  VIII. Identity card/document with address,  issued by

  a) Central/State Government and its Departments,
  b) Statutory/Regulatory Authorities,
  c) Public Sector Undertakings,
  d) Scheduled Commercial Banks,
  e) Public Financial Institutions,
  f) Colleges affiliated to universities; and
  g) Professional Bodies such as ICAI, ICWAI, Bar Council etc., to their Members.

• read with SEBI circular no. MRD/DoP/Cir-08/2007 dated June 25, 2007.  It details the discontinuation with respect to the requirement of Unique Identification Number (UIN) under the SEBI (Central Database of market Participants Regulations), 2003 (MAPIN regulations)/circulars and to make PAN as the sole identification number for all participants in the securities market, irrespective of the amount of transaction.

SEBI ICDR now applies to Convertible preference shares, fast track issues liberalised, employee reservation value limited to Rs. 1 lakh, Anchor Investors in IDR & new book building system introduced based on bids at highest price

No. LAD-NRO/GN/2009-10/23/186926 dated 11th December 2009

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009 [SEBI ICDR Amendment]

Reg 2(k) “convertible security” means a security which is convertible into or
exchangeable with equity shares of the issuer at a later date, with or without the option of the holder of the security and includes convertible debt instrument and convertible preference shares.

Reg 2(zd) “Qualified Institutional Buyer” (QIB) has 11 items now:

“(xi) insurance funds set up and managed by army, navy or air force of
the Union of India;”

Fast Track Issues – FTI

• Reg 10(b): The average market capitalisation of public shareholding of the issuer is at least five thousand crore rupees (thus reduced to Rs.5,000 crores from erstwhile Rs.10,000 crores).
• Reg 10(b): the annualised trading turnover of the equity shares of the issuer during 6calendar months immediately preceding the month of the reference date has been at least 2% of the weighted average number of equity shares listed during such 6 months’ period. 
  • Provided that for issuers, whose public shareholding is less than 15% of its issued equity capital, the annualised trading turnover of its equity shares has been at least 2% of the weighted average number of equity shares available as free float during such 6 months’ period.
• Reg 10(e): the issuer has been in compliance with the equity listing agreement for a period of at least 3 years immediately preceding the reference date.
  • Provided that if the issuer has not complied with the provision of the equity listing agreement relating to composition of board of directors, for any quarter during the last 3 years immediately preceding the reference date, but is compliant with such provisions at the time of filing of offer document with the Registrar of Companies (RoC) or designated stock exchange, as the case may be, and adequate disclosures are made in the offer document about such non-compliances during the 3 years immediately preceding the reference date, it shall be deemed as compliance with the condition.

Reg 29: An issuer may offer specified securities at different prices, subject to the following: [Differential Pricing]
(a) retail individual investors or retail individual shareholders or employees of the issuer entitled for reservation (on competitive basis) made under regulation 42 making an application for specified securities of value not more than 1 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: Provided that such difference shall not be more than ten per cent. of the price at which specified securities are offered to other categories of applicants.

Reg 42(4): The reservation on competitive basis shall be subject to following conditions:
(a) the aggregate of reservations for employees shall not exceed 5% of the post issue capital of the issuer [not the erstwhile 10% of issue size].

Also, a new Clause is inserted as:

“(g) value of allotment to any employee in pursuance of reservation made under sub-regulations (1) [reservations when issue made through book building] or (2) [reservations when issue made through OTHER THAN book building], as the case may be, shall not exceed 1 lakh rupees.”

Reg 50: Allotment procedure and basis of allotment.
(1) The allotment of specified securities to applicants other than anchor investors shall be on proportionate basis within the specified investor categories and the number of securities allotted shall be rounded off to the nearest integer, subject to minimum allotment being equal to the minimum application size as determined and disclosed by the issuer.

“Provided that value of specified securities allotted to any person in pursuance of reservation made under clause (a) of sub-regulation (1) or clause (a) of sub-regulation (2) [ie, to employees of issuer] of regulation 42, shall not exceed 1 lakh rupees.”

New Clause: Regulation 55A in Rights Issue: Reservation for employees alongwith rights issue:
55A. Subject to other applicable provision of these regulations the issuer may make reservation for its employees alongwith rights issue subject to the condition that value of allotment to any employee shall not exceed 1 lakh rupees.

 

IDR Amendments

Out of the portion to Qualified Institutional Buyer (QIB), UPTO 30% to Anchor Investors (AI) as per Schedule XI. Allocation to AI shall be made on same day of bidding. AI shall be,

2 or more, if allocation is	UPTO 250 crores
5 or more, if allocation is	ABOVE 250 crores

UPTO 1/3^rd of AI portion is reserved for domestic Mutual Funds (MF).

 

Reg 98: Condition for issue of IDR:

(e) The balance 50% 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;

“Provided that atleast 30% of the said 50% IDR issued shall be allocated to retail individual investors and in case of under subscription in retail individual investor category, spill over to the extent of under-subscription shall be permitted to other categories.”

Schedule VIII dealing with DISCLOSURES IN OFFER DOCUMENT, ABRIDGED PROSPECTUS AND ABRIDGED LETTER OF OFFER is amended and in specific cases of this Schedule, the regulations will be implemented w.e.f. 1st January & 1st April 2010.

SCHEDULE XI
[See regulation 28(3) and 102]
BOOK BUILDING PROCESS

The following Paragraph is newly inserted:

“PART D
Alternate method of book building

(may be inspired from French Auction.  In case of Dutch Auction, allotments made at single price (like the existing book building process). In case of French Auction, allotments made at bid price)

In case of further public offers, the issuer may opt for an alternate method of book building, as given in this part subject to the following:
(a) Issuer shall follow the procedure laid down in Part A of this Schedule except clause (13) [determination of price] and clause (15) (a) [proportionate allotment] thereof.
(b) The issuer shall disclose a floor price in the red herring prospectus.
(c) Investors other than retail individual investors shall bid at any price above the floor price.
(d) The bidder who bids at the highest price shall be allotted the number
of securities that he has bided for and then the bidder who has bided at the second highest price and so on, until all the specified securities on offer are exhausted.
(e) Allotment shall be on price priority basis for investors other than retail individual investors.
(f) Allotment to retail individual investors shall be made proportionately as illustrated in this Schedule.
(g) Where, however the number of specified securities bided for at a price is more than available quantity (HEAVY DEMAND), then allotment shall be done on proportionate basis.
(h) Retail individual investors shall be allotted specified securities at the floor price.
(i) The issuer may place a CAP either in terms of No. of specified securities or % of issued capital of the issuer that may be allotted to a single bidder.”

Download SEBI (ICDR) Regulations, 2009 amended as till year 2009.

Consumer Protection & MRTP cases for CS Executive Program/Final exams, interesting read and All the best for December exams 2009

For the world, its the expectation of Christmas week & the New Year Celebrations!!! (but for the blessed few: those who are appearing for Company Secretary exams).

CS Final (Old Syllabus) and CS Executive Program Students do read the recent Economic Law cases as compiled by Mr. Ankur Garg and published here: http://www.caclubindia.com/articles/article_list_detail.asp?article_id=3851

Yehseeyes wishes all the very best for your December 2009 exams.  As of now, forget other things, just remember the following,

1. Read again what you have read before (called as Revision) which is a must to remember atleast something.
2. Fear not for the exams.  Be confident as it is supposed to be faced that way!
3. Have your Hall Ticket, you can take prints also from the link http://icsi.edu/Student/Queries/tabid/1587/Default.aspx and then click “Admit Card Extract Link”, which also requires you to register with www.icsi.in (take print & keep spare copy to avoid last minute misplacement).
4. Keep ready smart writing pens.  Never go for fancy colour inks.  Blue is excellent, at places and rarely you may add it up with Black.
5. Focus on the Questions more in the exam.  Whether it is law or issues or problems, it requires lot of understanding before giving the solutions. 

Its Only This Much.  Hi Only This Much book readers for Company Secretary exams, waiting for your constructive feedbacks (onlythismuch@lawlabz.com) to make CS studies more exciting.

Again wishing you all the best!!! Finish the exams and then we will discuss, what next!!! forget the world, its your exams now…

What next after CS exam results August 2009, register for Executive or Professional program & finish NIIT, TOP, ADP, SMTP from ICSI

The results of the CS Foundation Course, Intermediate and Final (Old Syllabus) and Foundation Programme, Intermediate/Executive Programme, and Professional Programme (New Syllabus) examinations of the Company Secretaries held in June, 2009 are scheduled to be declared at 12.00 Noon on 25^th August, 2009 at www.icsi.edu and also try www.icsi.in

HEARTIEST WISHES FOR EVERY ONE WHO HAS WON & IN THE PROCESS OF WINNING COMPANY SECRETARY EXAMS

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 31st August 2009 to appear for all modules in December 2009.  There is one another new requirement in lieu of TOP, SMTP, etc…which is called Student Induction Programme (SIP), Executive Development Programme (EDP)  and Professional Development Programme (PDP) from 1st September 2009 0nwards, so make your enrolment fast.

Before visiting the nearest ICSI office, make sure you are ready with following things:

For Foundation passed:

1. Click here to register online for CS Executive Program Application - http://www.icsi.edu:8888/registration/main_online.aspx and arrange for fees as per http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166
2. Get to know your subjects and classes schedules at http://csexecutiveprogram.blogspot.com
3. Register for Computer Training with NIIT or produce your Certificates to write Exemption exam (Detailed FAQs) on or before February 2010
4. Get your Bcom degree too BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries
5. Get your scholarship based on your school marks from 10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%
6. Start writing CC papers for eligibility Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks and submit on or before February 2010.
7. Enjoy reading CS Executive Programme books from http://onlythismuch.lawlabz.com

For Executive passed:

1. Click here to download & fill CS Professional Program Application - http://www.icsi.edu/webmodules/student/final.doc and arrange for fees as per Apply for Training Orientation Program (TOP) and find details from nearest ICSI - http://www.icsi.edu/webmodules/student/TopForm.doc (its a mandatory pre-requisite to commence CS Training). TOP is a 5 full day program offered at ICSI and your training will commence only on completion of this program
2. Then, start sending emails & applications of RESUME for CS Training to
1. List of Company Secretaries in Practice Registered for Imparting Training
2. Registered Companies for Training
3. For 15-month CS Training related information, you can click http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html
4. Start looking out for Academic Development Programs (ADP) as its mandatory to attend for 25 hours or you have the option to register for National Convention of ICSI.
5. Get your Mcom degree too BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries
6. Get your scholarship based on your school marks from 10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%
7. Get to know your subjects and classes schedules at http://csprofessionalprogram.blogspot.com
8. Start writing CC papers for eligibility Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks and submit on or before February 2010.
9. Enjoy reading CS Professional books (coming sooooon), keep watchin…

For Professional passed:

1. Pending Training you are eligible for Licentiate Membership of ICSI - http://www.icsi.edu/webmodules/student/Licentiate.doc and you will get Chartered Secretary (Members magazine) free of cost.
2. Complete your CS Training or Claim exemption from it following http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html
3. Complete RoC Training or Stock Exchange training, if applicable. Send e-mail to training2@icsi.edu to get the sponsorship letter.
4. Complete ADP's, if applicable & pending
5. Then, apply for the esteemed membership of ICSI following, http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html

Hope, I have not missed out anything. Of course, you can keep track of all updates, happenings and all about Company Secretaries by following http://yehseeyes.blogspot.com/ and Get See Yes -> Yes, ACS delivered by email

Just write 1 CC paper for CS Executive/Professional/Foundation programme, instead of 3 CC papers per subject but to secure 40% marks

Sure, this is a very happy announcement for every student of ICSI!!!  CC papers, headaches (as knowledge is put into head)? agreed, not any more!!! as the requirement is relaxed.  Yes, I know every one is now so excited to read further.  Enjoy writin….

It has been decided to rationalize the criteria for issue of Coaching Completion Certificates (CC) papers vis-à-vis submission of Response Sheets with immediate effect which is as follows [which is even applicable for December 2009 exams].  Keeping in view the above decision, the students are advised to send at least one Response Sheet for each subject to make him/ her eligible for issue of Coaching Completion Certificate. It is further to clarify that he/ she has to secure minimum 40% marks in each subject for issue of Coaching Completion Certificate. [Source]

As every one is aware that one has to submit CC papers on or before August 2009 for being eligible to attend December 2009 CS exam.

Also you are aware of the pilot project of ICSI viz CS CC papers online for CA CWA final students or with 4 years of experience, by sending it in e-mail to ICSI, only for Company Law of Executive Programme

Now, every student of ICSI can submit merely ONE CC PAPER (from 3 of the COMPULSORY test paper given at the end of the ICSI study material) for every subject PROVIDED atleast you secure 40% marks in every subject.

However, students will be at liberty to send maximum response sheets to the Institute and all such response sheets will be evaluated and returned to them for their reference/ guidance.

Enjoy writin…

BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries

Have you registered for Company Secretary (CS) Foundation Programme & not doing College, then also register for Bachelor of Commerce with Major in Corporate Affairs and Administration (B.Com CA & A) by paying Rs.4,800/- at the time of admission to get a degree from Indira Gandhi National Open University simultaneously on passing CS Executive Programme (i.e) On passing of the the Foundation Programme and Executive Programme of ICSI, students get exemption in all those courses of B.Com (CA&A).

 

Have you registered for Company Secretary – CS Executive Programme & also a graduate from College or Institute, then also register for Master of Commerce in Business Policy and Corporate Governance (M.Com BP&CG) by paying Rs.6,000/- at the time of admission to get a degree from Indira Gandhi National Open University simultaneously on passing CS Professional Programme (i.e) On passing of Professional Programme of ICSI, students get exemption in all those courses of M.Com (BP & CG).

 

Remember the last date or cut-off dates…

An electronic version of the Prospectus is also available on below mentioned links.  The application form can be downloaded from the links below and the duly filled in form to be submitted to Regional Director Concerned on or before the last date, i.e. 30th June, 2009 and 31st October, 2009 for July 2009 and January 2010 sessions respectively. In such a case, candidates are required to pay an additional amount of Rs.400 by way of separate demand draft drawn in favour of IGNOU payable at city where the admission form is being submitted.  A printed copy of Student Handbook and Prospectus would be sent to such candidates separately.

Where to send the application form?

All your queries are answered from the below mentioned links with details of regional centre nearest to your location.

Student Prospectus and Programme Guide for B.Com (CA & A) and M.Com (BP & CG) Exclusively for ICSI

|| Preamble | Pages A | Pages B | Guidelines and Application Form Online Admission||
Download size: (24 KB | 153 KB | 199 KB | 155 KB || Format : PDF )

Company Secretary (ACS) exam admit card/hall ticket for June 2009 exams – how to

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.

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.

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 Only This Much!!!

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") and you will get your Admit Card Extract.

Now, click here to get your Admit Card Examination Enrollment Admit Card Extract

If you are not able to access the above link, click http://icsi.edu/Student/Queries/tabid/1587/Default.aspx and then click “Admit Card Extract Link”.

Enjoy passin…Vj

Case studies & problems on tax law, financial management, company, economic, labour&general laws (with solutions)

Yes, I believe you would have read tax notes from Tax law notes for Company Secretary (ICSI) executive program exams

Now, do you like to solve from direct taxation (Income Tax) problems for your CS Executive Program Module-1 (Tax Laws) paper???

 

If yes, your problem solving is solved by Mr. GK Raju through his blog http://gkr8164.blogspot.com/.  The blog contains numerous problems to workout.  Kindly note, it also includes problems & solutions from Service Tax, Sales Tax, etc…

 

CS Professional Exam friends too can enjoy solving Financial, Treasury & Forex Management (FTFM – Module 2) problems & solutions from the same.  Hopefully, you would have also read CS Final Financial, Treasury & Forex Management [FTFM] Notes & Study in a nutshell, to win Exams

 

Further, do you like to solve practical case studies on various laws, including, Company Law, Economic Law, Labour Law and anyother General Law, then the best place to enjoy learning is   Mr. Tejpal Sheth’s blog http://tejpalsheth.blogspot.com/ which is having a really good collection of interesting practical aspects to make learning, very interesting.

 

Enjoy passin…

You can verify your marks of Company Secretary (ICSI) results now, if dissatisfied

Not satisfied with your marks, appeal to ICSI and there is a limitation period of 1 month. Just pay Rs.250/- per paper and write a covering letter, use this as a sample http://docs.google.com/Doc?id=dd6hbmx2_93qwq5csg4 or use http://www.icsi.edu/WebModules/Student/verification%20of%20marks_form.doc (fees increased from Rs.100 to Rs.250/-) and its not a revaluation but it is in the nature of re-totalling or verification.

In terms of regulation 46 (2) of 'The Company Secretaries Regulations, 1982', as in force, a candidate can seek verification of marks in any subject(s) of June/December examination within one month from the date of declaration of results. The application for verification of marks should be made on a plain paper, preferably in candidate's own handwriting together with requisite fee @ Rs.250/- per subject within 30 days from the date of declaration of results,

i.e., upto 25th September/March. Candidates are advised not to club any other remittance or query along with request for verification of marks to facilitate an early reply.

After completion of verification process, candidates are communicated outcome of verification of marks, normally within 2-3 weeks' time. However, if a candidate does not receive any communication by 20

th October/April, he/she should write to the Sr. Director (Exams.) giving relevant details with regard to –

(i) his/her name; (ii) student registration number; (iii) stage of examination and roll number; (iv) name of the subject(s) in which verification of marks was sought; (v) date of application and mode of its despatch;

(vi) amount of verification fee and details with regard to mode of remittance; (vii) contact Telephone/Mobile No.(s) and (viii) complete postal address along with PIN Code.

Enjoy passin...

What next after CSexam results,be ready to face the next level,be prepared as v r Company Secretaries

Candidates registered upto and including the month of February in a year are eligible for appearing in both the groups of the Intermediate examination held in December of that year. So, its mandatory for you to submit prescribed forms before 28th February 2009 to appear for all modules in December 2009.

HEARTIEST WISHES FOR EVERY ONE WHO HAS WON & IN THE PROCESS OF WINNING COMPANY SECRETARY EXAMS

Before visiting the nearest ICSI office, make sure you are ready with following things:

For Foundation passed:

1. Click here to register online for CS Executive Program Application - http://www.icsi.edu:8888/registration/main_online.aspx and arrange for fees as per http://www.icsi.edu/LinkClick.aspx?link=http%3a%2f%2fwww.icsi.edu%2fwebmodules%2flinksofweeks%2fREVISION+OF+FEES.doc&tabid=528&mid=3166
2. To enjoy Executive Program Classes in Chennai, you can visit Learn Labz @ 128, Veeraperumal Koil Street, Mylapore, Chennai and catch Vijay on +91 93829 35598
   Very soon, Updated Books will be made available for all subjects of Module II of CS Executive Program, keep tracking.

For Executive passed:

1. Click here to download & fill CS Professional Program Application - http://www.icsi.edu/webmodules/student/final.doc and arrange for fees as per Apply for Training Orientation Program (TOP) and find details from nearest ICSI - http://www.icsi.edu/webmodules/student/TopForm.doc (its a mandatory pre-requisite to commence CS Training). It is a 5 full day program offered at ICSI and your training will commence only on completion of this program
2. Then, start sending emails & applications of RESUME for CS Training through http://www.icsi.edu/Facilities/MemberDirectory/tabid/1575/Default.aspx and follow as below,
3. • For Practising Company Secretaries - Look for the heading "Combination Search", Enter your city & Click on "CP Directory", then Submit
   • Company Secretaries in employment - Look for the heading "Combination Search", Enter your city & Click on "Member Directory", then Submit
4. For 15-month CS Training related information, you can click http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html
5. Start looking out for Academic Development Programs (ADP) as its mandatory to attend for 25 hours or you have the option to attend National Convention of ICSI - http://www.icsi.edu/webmodules/student/ADPForm.doc
6. To enjoy Professional Program Classes in Chennai, you can visit Learn Labz @ 128, Veeraperumal Koil Street, Mylapore, Chennai and catch Vijay on +91 93829 35598

For Professional passed:

1. Pending Training you are eligible for Licentiate Membership of ICSI - http://www.icsi.edu/webmodules/student/Licentiate.doc and you will get Chartered Secretary (Members magazine) free of cost.
2. Complete your CS Training or Claim exemption from it following http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html
   
3. Complete RoC Training or Stock Exchange training, if applicable
   
4. Complete ADP's, if applicable & pending
   
5. Then, apply for the esteemed membership of ICSI following, http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html
   

Hope, I have not missed out anything. Of course, you can keep track of all updates, happenings and all about Company Secretaries by following http://yehseeyes.blogspot.com/ and Get See Yes -> Yes, ACS delivered by email

Find your Company Secretary (ICSI) exam results on 25th February @ 12 noon for December 2008 exams

DECLARATION OF DECEMBER, 2008 EXAMINATIONR E S U LT S

The results of the Foundation Course, Intermediate and Final (OldSyllabus) and Foundation Programme and Executive Programme(New Syllabus) examinations of the company secretaries held inDecember, 2008 are scheduled to be declared at 12.00 Noon on25th February, 2009. The results would be displayed in the followingmanners:

(i) All-India Results (Roll Nos. List of successful candidateswill be displayed simultaneously on the Notice Boards atthe Institute's Headquarters and Offices of the RegionalCouncils;

(ii) Centrewise Results — Printed Roll Number List ofSuccessful Candidates related to city concerned of theChapter(s) would be sent to respective Chapter(s) foronward transmission to the Examination Centre(s) fordisplay on the Notice Boards of the Chapter(s) as well asExamination Centre(s); and

(iii) The results will also be available on Institute's Website
http://www.icsi.edu/ on 25th February, 2009 after 12.00 Noon.

Click here to get ICSI Company Secretary result for Foundation, Inter/Executive and Final/Professional program results by email --> http://www.icsi.edu/webmodules/icsiweb/works/homepage/resemailnew.asp

To enjoy CS classes visit http://csexecutiveprogram.blogspot.com/ or http://csprofessionalprogram.blogspot.com/

All the best! Enjoy passin... Do scrap your jolly results. Also share your experiences.

SEBI consents with UBS means its a Consent Order

SEBI, Swiss co UBS settle dispute on consent terms, what does this mean?
for a CS Executive Students doing Securities Law.

Yes, Consent Order is an order passed by SEBI which are NOT appealable to SAT. That is, orders passed with the consent of both the parties (one of the party being SEBI). It is similar to compounding under Companies Act or other Acts, where both the parties enter into settlement terms for a feasbile sum.

Try reading through the consent order of UBS in http://www.sebi.gov.in/consentorders/ubsconsent.pdf and the case is explained well in http://www.thehindubusinessline.com/2009/02/22/stories/2009022251150100.htm

In the consent order, you may find SEBI Circular No. EFD/ED/Cir-1/2007 dated April 20, 2007 which is the circular empowering SEBI to enter into Consent Order, for which the party has to apply in Form A.

Understand, the difference between Consent Order & Compounding now.

CONSENT ORDER	COMPOUNDING
Sec 15T of SEBI Act	Sec 24A of SEBI Act
For administrative / civil proceedings	For criminal prosecutions; NOT being an offence punishable with imprisonment only OR imprisonment & fine
BY SEBI	BY SAT
Application at any stage where probable cause of violation has been found	Application before / after institution of proceedings
To appropriate sanction, remedy & deterrence WITHOUT resorting to litigation, lengthy proceedings & consequential delays	To avoid lengthy process, which would save cost, time, mental, agony, etc…in return for payment of compounding charges

Enjoy CS exams...

fun with CS, enjoy the company secretary exam & life toils

Funny (yet very interesting) on Company Secretaries, credits to the author. Just felt like sharing with CS friends throughout India. Life is all about the approach or view points, enjoy... & win the world!

Banner in front of the Institute of Company Secretaries of India ....

"Drive slowly, don't kill our students.... . leave them to us...."

What is CS?

Foundation-Alpenlibe- Ji lalchaye raha na jaye.

Intermdiate- Dimag ki batti jala de.

Trainee-Kinetic- Sabki hawa nikal de.

FINAL-Chlormint- Dubara mat poochna.

Membersip-jhoom barabar jhoom


We had many options to end our life
Poison, Sleeping pills, Hanging,
Jump from building, Sleep under a train..
But we choose the bravest... Education (CS).


Aansu aa jate hai aankho me rone se pehle,
Har khawab tut jata hai sone se pehle!
Kya hai CS ye to samajh gaye,
Kash koi rok leta admission hone se pehle.

Are you-
Emotionally Numb?
Romantically Starved?
Creatively Challenged?
Artistically Void?
Socially Outcast?
Congratulations You are a CS Student!!

Teacher: Osama has 5 wives and 20 Children,
Laloo has 1 wife and 9 children. Who is better?
CS Student: all are redundant......merge all u/s 391-394 of the Cos. Act, 1956.

SECRETARY
S-Special
E-Extra-ordinary
C-Calm
R-Royal
E-Enthusiastic
T-Talented
A-Awesome

R-Romantic

Y-Young

Irritating compliances, Fighting on complicated issues,
Everyday classes, Dangerous boss,
More expenditure, avg. stipend,
People call it Training, We call it LIFE.

CS on his death bed:
My wife, are you here?
"Yes dear"
My daughter, are you here?
"Yes dad"
My son, are you here?
"Yes dad"
MY TRAINEES, ARE YOU HERE?
"Yes SIR"
KAMiNO fir OFFICE me kaun hai...................aur mera corporate law ka gutkha??????????

Upcoming horror movies in CS:
-The Worthing Trainee
-Khatarnak syllabus
-B.L. ka badla
-2nd group ki pyas
-Khooni result (soon to be out on 25th February 2009 @ 12 noon)
-Wo aakhri attempt

-corporate governance(the mystery)

Kash koi "Exam Result" ka insurance kara deta,
To har exam ke pehle premium bharwa dete,
Pass hote to thik hai,
Varna insurance claim karva lete.

Ye India ka CS hai bidu,
40 mile to tali bidu,
Attempt lage to gali bidu,
Hua exempt to bole jhakhas,
39 lage to satyanash,
Pass ho to thaat hai,
Fail ho to vaat hai.

5 Years
50 Laws
500 Lectures
5000 Practicals
50000 Sections
500000 Rules
A normal human being can't bear it.
The remaining abnormals are called
COMPANY .SECRETARIES ....

CS gaali de to kya dega?
Saale 383A ka non compliance,
SEBI ki penalty,
paidaishi subsidiary,
Undischarged Insolvent,
297 ke violation, 295 ke loan, 372A ki guarantee,
Itna marunga ki WINDING UP ho jayega.

Keep enjoyin...Vj

ICSI & ICAI exams timetables are out for June 2009 with clashing dates

So, finally ICSI & ICAI timetable for June 2009 exams are out & clashing.

The Institute of Company Secretaries of India (ICSI) has maintained their standard examination dates which starts from 2nd June 2009 and goes on continously without holidays.

The Institute of Chartered Accountants of India (ICAI) has spread over its examination dates between 1st June & 15th June 2009 due to elections.

If you are writing CS Executive Program & CA PCC:
The following dates will have multiple exams viz- 2nd, 4th & 6th of June 2009 - where in student has to complete CS Executive Program between 9:30 AM to 12:30 PM and go for CA PCC between 1 PM to 4 PM for the prescribed dates and if you are appearing for CS Intermediate (old), then there will be multiple exams on 8th June also.

If you are writing CS Executive Program & CA Final:

The following dates will have multiple exams viz- 3rd, 5th & 7th of June 2009 - where in student has to complete CS Executive Program between 9:30 AM to 12:30 PM and go for CA Final between 1 PM to 4 PM for the prescribed dates and if you are appearing for CS Intermediate (old), then there will be multiple exams on 9th June also.

If you are writing CS Professional Program & CA Final:
The following dates will have clash of exams viz-3rd, 5th, 7th & 9th of June 2009 where in student has to choose as CS Professional exams are duting 1:30 PM to 4:30 PM whereas CS Final exams are during 1 PM to 4 PM. But CS students in CS Final (old) will be having exams between 9:30 AM to 12:30 PM on same dates.

So, here the nearness of or the same exam centres for both CA & CS exams matters much!

Now, we have to wait & see how ICWAI is releasing its clashing timetable.

Click here for CS Exam Time Table - http://www.icsi.edu/webmodules/student/announce_tt.doc
Click here for CA Exam Time Table - http://www.icai.org/resource_file/15027notification_exam2009.pdf

ICSI-company secretary exam june 2009 executive/professional program-daily/crash batches-modules/papers

Yes,

Glad to announce - CS - Executive & Professional Program - All Module - All Papers - Daily & Crash Courses at Learn Labz from February 2009 onwards.

Learning is Fun ! Know it through Learn Labz...Xperiment, Xcel!

So, ready to have fun. The following are the eligibility criteria,

1. you should be a student of CS Executive Program or

2. you should be a student of CS Professional Program.

Provided that, you shall have the time to have fun during morning's & evening's for Regular batches whereas its full Saturday's or Sunday's for Crash or Fast Track revision Courz.

Click for Time Table for CS Executive Program aka Inter

Click for Time Table for CS Professional Program aka Final

Enjoy passin...

Find ICSI/Company Secretary December 2008 Exam Hall Ticket/Admit Card Online

Yes,

Hope you would have got your Hall Ticket for December 2008 exam to enjoy it with a bang!

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") and you will get your Admit Card Extract.

So, don't worry, just prepare well for exams and you will win.

Click here to download ICSI December 2008 hall ticket

For more details, click here

Also you can enter your ICSI registration number to find your Roll No here. It will be there in the Enrollment status link of the page which appears after entering the Registration Number.

All the Best ! Enjoy Passin...Vj

Paper-wise ICSI Exemption for ICWAI Passed Students and vice versa

Exemptions

Paper-wise Reciprocal Exemption for students of ICSI and ICWAI (Revised Syllabus 2008 ):

Exemption to CS passed candidated in Papers of ICWAI	Exemption to CWA passed candidates in Papers of ICSI
Foundation Course            (4 Papers) - Complete exemption	Foundation Programme (4 Papers) - Complete exemption
Intermediate Course 1. Financial Accounting  (Paper 5) 2. Applied Direct Taxation (Paper 7)	Executive Programme 1. Company Accounts, Cost & Management Accounting (Module I, Paper 2) 2. Tax laws (Module I, Paper 3)
Final Course 3. Financial Management & International Finance      (Paper 12) 4. Indirect & Direct Tax Management ( Paper 14)	Professional Programme 3. Finance Treasury and Forex Management (Module II, Paper 3 ) 4. Advanced Tax Laws & Practice (Module III, Paper 6)

Enjoy Exempting...

CS friends, now email your Queries, wonderful initiative by ICAI

SOLUTIONS
TO STUDENTS’ QUERIES THROUGH TOLL FREE MODE AND DIRECT
E-MAIL
An awesome
initiative by ICAI, by which many can be benefitted in the positive
sense. Use the facility.

The Board of Studies is happy to inform the CA students that the following facilities have been provided by the Board of Studies for facilitating quick solutions of CA students’ queries:

1. Toll Free Number : 1800-200-2501
2. Individual telephone numbers of respective faculty members
3. Individual e-mail i.d. of respective faculty members
4. Facilitating of answering through Gyandarshan Lecture Channel – Toll free number 1800-11-2345 and e-mail i.d.
gyandarshanbos@icai.org
(during studio timings only)
Students may ask queries of general as well as technical nature through toll free number (on Monday to Friday between 2.00 P.M. to 4.00 P.M.). Students are advised to use toll free facility for short answer questions. Queries requiring elaborate answers should preferably be addressed to the respective faculty members through e-mail.

CS friends can trouble, [these are very few], Trouble more following
http://www.icai.org/post.html?post_id=3218&c_id=219

On Tuesdays
giridharan@icai.org.in for Corporate & Allied Laws;

On Thursdays
nnsengupta@icia.org.in & nnsengupta@icia.org.in for Cost Accounting & Management Accounting respectively;
ashish.gupta@icai.org.in & zaidi@icai.org.in for Financial Management Queries;

On Fridays
priya@icai.org.in & ruchika@icai.org.in for Direct Taxes;
smita@icai.org.in & ashish.bhansali@icai.org for Indirect Taxes.