SEBI proposes Issue of Capital & Disclosure Requirements (ICDR) Regulations, 2009 for DIP guidelines, 2000

Download SEBI (ICDR) Regulations, 2009 effective 26th August 2009.

SEBI has already issued Delisting Regulations replacing Delisting Guidelines and now has proposed to issue SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 replacing the current SEBI (Disclosure & Investor) Protection Guidelines, 2000.

You can expect there will not be (m)any amendments on the current DIP guidelines hereon…as they are proposing to consider DIP guidelines as on 31st May 2009.

 

Download Proposed SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 now.

Yes, now the said Proposal is approved and the new ICDR regulations has come into force with effect from 26th August 2009 regulating the PUBLIC ISSUE of specified securities and convertible securities.

Understand your Updates, right through your email now

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

RESPONSE SHEETS BY E- MAIL

Yes, Company Secretary Institute has recognised Chartered Accountant & Cost Accountant final passed students to submit CC papers online, but for only one subject (Company law), on a PILOT basis.

As the Student Community is well aware, the Institute has always strived to absorb the power of info rmation technology in its day to day activities so that the students are provided with hassle-free and effective services at all times.  In this scenario,  it has been decided to introduce a Pilot Project of E-Response Sheets  wherein  Response Sheets will be accepted from the students through E-Mail as against the conventional method of accepting the same in physical form.  The details are as under : -

 

Eligibility of Students to be covered under Pilot Project	Students of Executive Programme who have either : (i)                  Passed CA/ICWA Final Examinations;   OR (ii)                Having with 4-5 Years of Work Experience
Subject covered under Pilot Project	‘Company Law’ (Code No.224) covered under Module-II of Executive Programme
Process involved	F    Step 1	Click on the link “Students” and then “E-Response Sheets” to download the Word Document containing Question-Cum-Answer Paper.
	F    Step 2	Fill in the Particulars of Student in the Template which is also available in the Word Document.
	F    Step 3	Type the Answers for each Question at the relevant space  in the Word Document.
	F    Step 4	Send the E-Response Sheet to response_cl@icsi.edu
	F    Step 5	While sending the E-Response Sheet by E-Mail, please also attach scanned copy of certificate pertaining to qualification (CA/ICWA) or work experience.

Students fulfilling the eligibility criteria are requested to follow the above steps.  In case of any difficulty,  students may contact Directorate of Information Technology (psdit@icsi.edu) for technical problems and Directorate of Student Services (dss@icsi.edu)  for any other query like eligibility, etc.

Please note that depending upon the success of  the Pilot Project, this facility will be extended to all the remaining subjects/ stages in a phased manner.  The present system of  submitting the response sheets in physical form will not be affected and will continue as usual.

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 )

Competition law applicability till date,sections w.e.f. 20th May 2009,including anti-competitive agreements & abuse of dominance,excepting combinations & CCI provisions

Competition Act, 2002, as amended by Competition (Amendment) Act, 2007 readwith The Competition Commission of India (Meeting for Transaction of Business) Regulations, 2009, The Competition Commission of India (General) Regulations, 2009 & The Competition Commission of India (Procedure for Engagement of Experts and Professionals) Regulations, 2009 were notified by CCI, including establishment of Competition Appellate Tribunal (CAT) in New Delhi.

Broadly, almost all the provisions of Competition Act are notified EXCEPT provisions regarding Combinations (Mergers, Amalgamations, Acquisitions & Takeovers - MAAT) & provisions before Competition Commission of India (CCI) benches.

Erstwhile, only the following provisions of Competition Act are effective –

	All definitions as contained in section 2
	Establishment of Competition Commission of India, Composition of Commission, Salary and allowances and terms and conditions of members of Commission – sections 7 to 15
	Appointment of Director General – section 16
	Appointment of Secretary, officers and employees of the CCI, Appointment of experts and professionals – section 17
	Commission to regulate its own procedure – section 36
	Competition Advocacy – section 49
	Finance, Accounts and Audit – sections 50 to 53
	Establishment of Competition Appellate Tribunal – section 53A and 53C to 53M
	Powers to Central Government, rule making powers, powers to make regulations etc. – sections 54 to 65

Source: http://www.dateyvs.com

Sections 3, 4, 18, 19, 21, 26, 27, 28, 32, 33, 35, 38, 39, 41, 42, 43, 45, 46, 47, 48, 54, 55 & 56 of Competition Act, 2002 are notified w.e.f 20^th day of May 2009 [Sections of Competition (Amendment) Notified w.e.f 20^th day of May 2009 vide Notification No. S.O. 1242(E) dated 15 May 2009]

Kindly note the following Sections of Competition Act, 2002 as amended by Competition (Amendment) Act, 2007 are notified Sections 3, 10, 13, 15, 16, 19, 20, 21, 25, 26, 28, 31, 33, 34, 35, 36, 38, 39 & 43, 53B, 53N, 53O, 53P, 53Q, 53R, 53S, 53T & 53U w.e.f 20^th day of May 2009 [Sections of Competition Act notified w.e.f 20^th day of May 2009 vide Notification No. S.O. 1241(E) dated 15 May 2009]

Establishment of Competition Appellate Tribunal (CAT) headquartered in New Delhi [Establishment of Competition Appellate Tribunal vide Notification No. S.O. 1240(E) dated 15 May 2009]

On combined reading, to understand the applicability of notified Competition Act till date, you can consolidate as follows:

The following Sections of Competition Act, 2002 were NOT notified,

Section 5, 6, 20, 29, 30 & 31 regarding regarding Combinations (Mergers, Amalgamations, Acquisitions & Takeovers – MAAT)

Sections 22, 23, 24, 25, 34, 37 & 44 regarding Competition Commission of India (CCI) benches, to award compensation, to review its orders, appeal, etc..

The following Sections of Competition (Amendment) Act, 2007 were NOT notified,

Sections 4, 5, 14 & 24 regarding Combinations (MAAT)

Sections 6, 7, 8, 9, 11, 12, 17, 18, 22, 23, 27, 29, 30, 32, 37, 44, 45, 46, 47, 48 & 49 regarding regarding CCI benches, appointment of Director general, secretary, experts, professionals, etc… to CCI,

Sections 40, 41 & 42 regarding funds, accounts & audit of CCI

Section 53A & 53C-M regarding Competition Appellate Tribunal (CAT)

Section 50 regarding repeal of Monopolies Restrictive Trade Practices Act, 1969 (MRTP).

 

To understand Competition Law as on May 2009 in detail, you may click Understand Competition Act, 2002, as amended by Competition (Amendment) Act, 2007 as notified by 2009 Notifications w.e.f. 20th May as to Agreements & Abuse of dominance

CCI Collegium Meetings with 6 regulations transact the business on the basis of information or reference & decided by majority

The Competition Commission of India (Meeting for Transaction of Business) Regulations, 2009 ( No. 3 of 2009) by way of Notification No R-40007/6/ Reg- Meeting/ Noti/ 04- CCI dated 22nd May 2009.

 

As you know, the Competition Commission (CCI) functions in the way of collegium (sitting for meetings) and decisions are based on majority, on receipt of Information [u/r 2(1) (e)] or Reference [u/r 2(1)(h)] unlike MRTPC sittings on applications.

 

Reg 3 - Meetings for transaction of business and their procedure. As per Reg 3, the meetings of the Commission (CCI) shall ordinarily be held at its head office situated in New Delhi Provided that the Commission may also hold meetings at its other offices or at any other place in India, whenever, in the opinion of the Commission, it is expedient to do so.  There is separate procedure for ordinary & special meetings. 

 

The power to regulate procedure & irregularity of procedure is given under Reg 4 & 5.

 

Reg 6 - Removal of difficulty: In the matter of implementation of these regulations, if any doubt or difficulty arises, the same shall be placed before the Commission and the decision of CCI thereon shall be final.

CCI logo in its general regulations 2009 with details about manner of conducting proceedings consisting of 54 regulations

The Competition Commission of India (General) Regulations, 2009;( No. 2 of 2009) by way of Notification No R-40007/6/ Reg- General/ Noti/ 04- CCI dated 22nd May 2009 with immediate effect.  Let us understand the scheme of the said regulations.

 

Competition Commission of India (CCI) unveils its New Seal & Emblem as per Regulation 4 read with the Annexure to this regulation.

Reg 2(1)(g) –> “media” includes newspapers, magazines, periodicals, journals, radio, cinema, television and internet.

 

Reg 2(1)(i) –> “Party” includes a consumer or an enterprise or a person defined in clauses (f), (h) and (l) of section 2 of the Act respectively, or an information provider, or a consumer association or a trade association or the Director General defined in clauses (g) of section 2 of the Act, or the Central Government or any State Government or any statutory authority, as the case may be, and shall include an enterprise against whom any inquiry or proceeding is instituted and shall also include any person permitted to join the proceedings or an intervener.

 

Reg 5 - The language of the Commission shall be English.

 

Reg 47 - Proceedings before Commission not to be open to public.

 

The regulation further provides for determination of holidays, computation of time, contents of information or reference & signing thereof, procedure for filing information or reference by registered post or courier or FAX or in electronic form as and when so desired by the Commission through a public notice,  powers & functions of Secretary to CCI, procedure for scrutiny of information or reference (See Regulation 15 for the time limits), CCI opinion on existence of prima facie case as per Regulation 16 (which may be determined by Preliminary Conference as per Regulation 17), investigation by Director General as per Regulation 20, procedure for inquiry as per Regulation 21, mode of service of notice (Reg 22), manner of filings before CCI (Reg 23), powers of CCI as per Reg 24 to 28. Reg 30 to 32 & Reg 44-45, manner of making submissions or arguments by parties before Commission (Reg 29), reference as per Reg 33 & 34, Confidentiality (with “restriction of publication claimed” in red ink on top of the first page) as per Reg 35,  Compliance of orders & effect of non-compliance, taking evidence, etc… is dealt from Reg 36 to 43, authorizing a representative to appear as per Reg 46, penalties & fees as per Reg 48 to 50.

 

Click here to understand Competition Act - http://thisisvj.googlepages.com/Competition.pdf

CCI to engage CS, CA, CWA, MBA, Lawyer & Economists specialising in Competition law with good academic record for sound packages

The Competition Commission of India (Procedure for Engagement of Experts and Professionals) Regulations, 2009 ( No1 of 2009) through Notification No R-40007/6/ Reg- Expert/ Noti/ 04- CCI dated 15th May 2009 with an immediate effect.  Let us understand the said regulation.

 

Reg 2(1)(e) –> “expert or professional” for the purpose of these regulations means a person of integrity and outstanding ability having special knowledge of, and experience in, economics, law, business or such other discipline related to competition as the Commission deems necessary to assist it in discharge of its functions under the Act.

 

Reg 5(1) - The experts and professionals to be engaged shall be classified on the basis of their qualifications and experience in the respective fields of specialization and/or the eminence in their professions as given in Schedule I, which lists qualifications such as Company Secretaries (with PMQ- Corporate Governance- Details - Brochure), Chartered Accountants with Post qualification course in International Trade Laws & WTO), Cost Accountants, Post Graduate in Economics (with Ph.d), B.L/LL.B (law graduate specailising in IPR, Competition & Trade Laws), MBA or post graduate diploma in business management (specialising in finance), engineering or medical or sciences with excellent academic record.  It aims at inducting professionals with sound knowledge in Mergers, Amalgamations & such other Corporate Restructuring matters.

 

Reg 5(2) - Subject to Reg 5(1) and depending upon the qualification, specialization and experience in respective disciplines, the experts shall be categorized into four levels as given in Schedule II, which is as follows:

 

Category of expert and professional	Preferred experience in years
Level I	UPTO 3 years
Level II	3 – 5 years
Level III	5 – 10 years
Level IV	10 – 15 years
Level V	15 – 30 years

 

Reg 6 - The remuneration to be paid by the Commission to different categories of experts and professionals shall be in accordance with Schedule III, which is as follows,

Level of expert and professional	Lumpsum monthly remuneration
I	Rs. 30,000 with 10% increase on completion of each year
II	Rs. 50,000 with 10% increase on completion of each year
III	Rs. 75,000 with 10% increase on completion of each year
IV	Rs. 1,00,000 with 10% increase on completion of each year
V	Rs. 1,25,000 with 10% increase on completion of each year

 

The experts and professionals shall ordinarily be engaged by the Commission (CCI) on contractual basis (with Confidentiality clause) for 3 months to 5 years as per Regulation 8 by sending offer letters for engagement by giving a time period of atleast 10 days to accept the offer and thereafter letter of engagement shall be issued by giving a time period of atleast 30 days to join.  CCI has the power, in addition to other remedies, to terminate the engagement as per Regulation 9 and may debar the expert from future engagement of the Commission.

 

As per Regulation 11, in the matter of implementation of these regulations, if any doubt or difficulty arises, the same shall be placed before the Commission and the decision of the Commission (CCI) shall be final.

SEBI clarification mandating to submit PAN card copy for registration of transfer of shares of a listed company

SEBI mandates submission of PAN card copy even for registration of physical transfer of share certificates of a listed company.

 

The Securities and Exchange Board of India (SEBI) vide circular ref. no. MRD/DoP/Cir-05/2007 dated April 27, 2007 made PAN the sole identification number for all participants transacting in the securities market, irrespective of the amount of such transaction.

In continuation of the aforesaid circular, it is hereby 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.

 

Source: PAN requirement for transfer of shares in physical form

SEBI IEPF notified to protect investors with 14 regulations, 2009, which also amends forfeiture of escrow in Takeover code

Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009 by way of Notification No. LAD-NRO/GN/2009-10/05/163525 dated 19th May 2009 with immediate effect.

 

Yes, SEBI calls IEPF (under MCA) as IPEF by this regulation which has 14 regulations, divided into V Chapter with a Schedule for the purpose of listed companies.  Understand the said regulation now.

 

Reg 2(1)(e) ->‘Fund’ means the Investor Protection and Education Fund (IPEF) created by SEBI u/s. 11 (functions) of the SEBI Act.

As per Regulation 3, the Fund shall be deemed to have been established on 23rd day of July, 2007, by the order made by the Board under section 11 of SEBI Act.

 

Reg 2(1)(g) ->‘Legal proceedings’ MEANS any proceedings before a court or tribunal where 1000 (one thousand) or more investors are affected or likely to be affected by:-
(i) mis-statement, misrepresentation or omission in connection with the issue, sale or purchase of securities;
(ii) non-receipt of securities allotted or refund of application monies paid by them;
(iii) non-payment of dividend;

(iv) default in redemption of securities or in payment of interest in terms of the offer document;
(v) fraudulent and unfair trade practices or market manipulation;
(vi) such other market misconduct which in the opinion of the Board may be deemed appropriate;
BUT DOES NOT INCLUDE any proceeding where the Board is a party or where SEBI has initiated any enforcement action.

 

Reg 4 - The following amounts shall be credited to the Fund:-
(a) contribution as may be made by SEBI to the Fund;
(b) grants and donations given to the Fund by the Central Government, State Government or any other entity approved by the for this purpose;
(c) proceeds in accordance with the sub-clause (ii) of clause(e) of sub-regulation (12) and the sub- regulation (13)of regulation 28 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers-sast) Regulations, 1997;
(d) security deposits, if any, held by stock exchanges in respect of public issues and rights issues, in the event of de-recognition of such stock exchanges;
(e) amounts in the Investor Protection Fund and Investor Services Fund of a stock exchange, in the event of de-recognition of such stock exchange;
(f) interest or other income received out of any investments made from the Fund;
(g) such other amount as SEBI may specify in the interest of investors.

 

Reg 5 (1) The Fund shall be utilised for the purpose of protection of investors and promotion of investor education and awareness in accordance with these regulations.
(2) Without prejudice to the generality of the object in sub-regulation (1), the Fund may be used for the following purposes, namely:-
(a) educational activities including seminars, training, research and publications, aimed at investors;
(b) awareness programmes including through media - print, electronic, aimed at investors;
(c) funding investor education and awareness activities of Investors’ Associations recognized by SEBI;
(d) aiding investors’ associations recognized by the Board to undertake legal proceedings in the interest of investors in securities that are listed or proposed to be listed;
(e) refund of the security deposits which are held by stock exchanges and transferred to the Fund consequent on derecognition of the stock exchange as mentioned in Regulation 4(d) in case the concerned companies apply to SEBI and fulfill the conditions for release of the deposit subject to Regulation 6.
(f) expenses on travel of members of the Committee, who are not officials of SEBI, and special invitees to the meetings of the Committee, in connection with the work of the Committee;
(g) salary, allowances and other expenses of office of Ombudsman; and
(h) such other purposes as may be specified by the Board.

 

Reg 6 - The aid to investors’ associations, as referred to in clause (d) of sub-regulation (2) of Regulation 5, shall be given by SEBI in accordance with the guidelines made by it and subject to the following conditions:-
(a) that the aid shall not exceed 75% of the total expenditure on legal proceedings;
(b) such aid shall not be considered for more than one legal proceeding in a particular matter;
(c) if more than one investors’ association applies for seeking legal aid, the investors’ association whose application is received first, shall be considered for such aid.

 

Reg 7, 8, 9 & 10 deals with the constitution of Advisory Committee, its functions, meetings and meeting the expenses.

 

Reg 11 – The Accounts of the fund shall be maintained in accordance with the SEBI(Form of Annual Statement of Accounts and Records) Rules, 1994 as far as such rules apply, which shall be audited within 6 months of Financial Year.

 

Reg 12 & 13 deals with relaxation of regulation & delegation.

 

Reg 14 read with the Schedule to the Regulation deals with amendment to Regulation 28 of SEBI Takeover Code, which is as under:

(a) in sub-regulation (12) , for clause (e) , the following shall be substituted, namely:-
“(e) the entire amount to the merchant banker, in the event of forfeiture for nonfulfillment of any of the obligations under the Regulations, for distribution in the following manner, after deduction of expenses, if any, of the merchant banker and
the registrars to the offer, -
(i) one third of the amount to the target company;
(ii) one third of the amount to the Investor Protection and Education Fund established by the Board;
(iii) one third of the amount to be distributed pro-rata among the
shareholders who have accepted the offer.”
(b) in sub-regulation (13) , for the words “to the regional stock exchange of the target company, for the credit of the Investor Protection Fund or any other similar fund” appearing after the words “ proceeds thereof” the words “to the Investor Protection and Education Fund established by the Board” shall be substituted.

10&12th Standard Marks for 100% Company Secretary Course fees, says ICSI by Students Education Fund Trust scheme-60/75/90%

The Council of the Institute of Company Secretaries of India (ICSI) in its 182^nd meeting held on 31.08.2008 has approved creation of ‘ICSI Students Education Fund Trust’ (for details, click here) to financially assist the economically backward students as part of its social responsibility & to promote/ encourage academically bright students to attract the best available talent to the profession.

STAGE	CATEGORIES OF STUDENTS / ELIGIBILITY CRITERIA
	For Students with Family Income below Rs.60,000 per annum	For Students with Family Income above Rs.60,000 but below Rs.1,00,000 per annum	For Academically Bright Students without any limit on their Family Income
Foundation Programme	60% Marks in both Matriculation & Senior Secondary Stages	75% Marks in both Matriculation & Senior Secondary Stages	90% Marks in both Matriculation & Senior Secondary Stages
Executive Programme	60% Marks in both Matriculation & Senior Secondary Stages and  60% Marks in Bachelor’s Degree Stage	75% Marks in both Matriculation & Senior Secondary Stages and 60% Marks in Bachelor’s Degree Stage	90% Marks in both Matriculation & Senior Secondary Stages and 85% Marks in Bachelor’s Degree Stage

ECONOMICALLY BACKWARD STUDENTS WITH GOOD ACADEMIC RECORD &  ACADEMICALLY BRIGHT STUDENTS

Economically backward students securing 60% 0r 75% marks (as above) should submit the Income Certificate issued by the competent authority of the State / Central Government should be submitted.

Academically bright students & Economically backward students (without furnishing income certificate) may become eligible students under this scheme provided they secure 90% marks (as above).

Eligible Students shall be fully exempted from paying the Registration/ Admission Fee, Postal Tuition Fee, Exemption Fee and other fees normally required to be paid by the students at the time of admission & examination fees for the first attempt and first available opportunity to appear for CS exams.

This applies for the eligible students from Senior Secondary Stage to CS Foundation Programme and

• also for such students, the exemption from paying the Registration/ Admission Fee, Postal Tuition Fee, Exemption Fee and other fees normally required to be paid by the students at the time of admission to CS Executive Program PROVIDED they also pass CS Foundation Programme at their first attempt and first available opportunity to appear for CS exams.
• also for such students, the exemption from paying the Registration/ Admission Fee, Postal Tuition Fee, Exemption Fee and other fees normally required to be paid by the students at the time of admission to CS Professional Program PROVIDED they also pass CS Executive Programme at their first attempt and first available opportunity to appear for CS exams.

• SUBJECT TO OTHER SCHOLARSHIPS, if any.

   

  Students desirous of availing the financial assistance may submit their application in the prescribed format (please click here) along with all supporting documents, including Income Certificate & enclose copies of all relevant documents / certificates / marks sheets, duly attested by a Gazetted Officer/Member of the Institute to Director (Student Services), The Institute of Company Secretaries of India , C-37, Sector – 62, Noida – 201 309.

  I think, soon one can see, school students aiming their marks to get Company Secretary Course fee exemption, saying, I got This Much & I aim to become a Company Secretary !!! (like Doctors / Engineers having Cut-off marks)

  Enjoy CS Studies & Updates…Keep readin…

SEBI NISM Currency Derivatives Exam through BSE/NSE/MCX for brokers made mandatory to operate in securities market

Notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007

SEBI Notification No. LAD/NRO/GN/2009-10/04/163097 dated 13th May 2009

 

Yes, now Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets), Regulations, 2007 is made mandatory for approved users and sales personnel of trading members of the Currency Derivatives Segment of recognized stock exchanges vide SEBI (stock broker & sub broker) Regulations, 1992 to have a certification as per Notification NISM/Certification/Series-I: CD/2009/1 dated May 11, 2009 as conducted by National Institute of Securities Markets (NISM) of SEBI (Read FAQ) and anyone can register for this certification through Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) or Multi Commodity Exchange (MCX).

 

FURTHER from the date of this notification a trading member of the Currency Derivatives Segment of a recognised stock exchange shall not engage or employ any approved user or sales personnel who does not have valid Series-I: CD certification by 10th August 2009.

 

The exams can be give in most of cities, refer relevant notification of stock exchange, for instance, click here for BSE.  For detailed Test Objectives for the NISM-Series-I: CD Examination click here or Annexure I and II.

Publishing, Printing – manufacture/service under Micro Small Medium Enterprises (MSMED) Act,2006 clarified

Categorisation of activities under manufacture or service under the MSMED Act, 2006

Whether Printing is a manufacture / service?  Whether Publishing is manufacture or service?

This always remained as a moot point, while categorising under MSMED Act, which provides different limits (link) for manufacturing and servicing industries.

Now, the Ministry of Micro, Small & Medium Enterprises has clarified that,

Manufacturing –

• Printing OR
• Printing & Publishing, as an integrated unit.

Service – Publishing.

Thus publishing per se is not manufacturing unless printing is also involved.  Printing per se is manufacturing.  Publishing per se is service.

Source: No.5(6)/2/2009-MSME POL dated 08/05/2009

As you know [MSMED]Small Scale Industry definition only under MSMED Act for IDRA too.

To understand all the notifications of industry, read Industries DIPP updates

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