NIRC - ICSI Newsletter | November 2016

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  • NIRC - ICSI Newsletter | November 2016 1

    Monthly Volume XXXV Page 1-24 No.11 November, 2016

    1 Celebration of CS Day Panel Discussion among the Past Presidents-ICSI & Motivational Talk (4.10.2016): L to R: CS Manish Gupta welcoming CS Pavan Kumar Vijay, CS O P Dani, CS Nesar Ahmad, CS (Dr.) G B Rao and CS (Dr.) Pawan G. Agrawal by presenting flower bouquet. CS G P Madaan welcoming, CS Virender Ganda by presenting flower bouquet.

    2 Celebration of CS Day Panel Discussion among the Past Presidents-ICSI (4.10.2016): L to R Panellists: CS Pavan Kumar Vijay, CS O P Dani, (Moderator: CS Ranjeet Pandey, Council Member-ICSI), CS (Dr.) G B Rao, CS Nesar Ahmad and CS Virender Ganda, Past Presidents-ICSI.

    3 Celebration of CS Day Motivational Talk (4.10.2016): Motivational Guest Speaker: CS (Dr.) Pawan G. Agrawal of Mumbai seen with Chairman, NIRC, Council Members-ICSI, Past Presidents-ICSI, Regional Council Members, NIRC, Past Chairmen of NIRC and Former Secretaries-ICSI.

    4 Seminar on Cross Border Trade & Investment Exchange Regulations(22.10.2016): L to R CS Nitesh Sinha, Guest of Honour: Shri Ishtiyaque Ahmed (Director, DIPP), CS Manish Gupta, Chief Guest: Shri Tarun Singh (General Manager, Reserve Bank of India, FED), CS Rajiv Bajaj and CS Rajeev Bhambri.





  • NIRC - ICSI Newsletter | November 2016 2

    CS Alka AroraRegional Director


    Page No.

    CS Ravinder, IAS 011-23063212


    Man needs his difficulties because they are necessary to enjoy success.

    ~ Dr. A. P. J. Abdul Kalam

    From the Chairman 2-4 1st Regional Conference for Women 5 Articles 6-10 Compliance Checklist 11-12 Forthcoming Programs 13 News from NIRC 14-15 CSBF 16-17 Financial Assistance Scheme 18 Half yearly YUVA Corporate Membership Scheme 19 Half yearly Corporate Membership Scheme 20 Forthcoming Programs 21-22

    Dear Professional Colleagues,

    I hope and anticipate that all my professional colleagues and their family members have celebrated Diwali, Goverdhan Puja and Bhai Dhoj festivals with lot of joy, pleasure and in best of health, knowledge and prosperity. While the world is becoming individualistic, festivals like these give us moments to be in the company of loved ones and realise the importance of this togetherness in life.

    Friends, Company Secretary Profession in India has grown big, not because it has come across a multitude of decades, but because it has had a glorious eventful past that we can take pride on while reflecting on its curve of growth. The profession through its Code of Ethics has helped its followers in strictly adhering to the agenda of social responsibility, eventually bolstering the economy of our nation. On the same line, on 4th October, 2016, the whole fraternity of Company Secretaries had celebrated 48th CS Day. At NIRC we celebrated the CS Day by organizing Blood Donation Camp & plantation of sapling and panel discussion among Past Presidents of ICSI, followed by motivational talk for members of the Institute.

    Friends, as you are aware that the November, 2016 is the peak month for the filing of the Financial Statements and Annual Returns on MCA 21 portal. I am pleased to inform you that in response to our representation to ICSI-HQ, Ministry of Corporate Affairs further extended last date for filing of financial statements and annual returns using e-forms AOC-4, AOC-4 (XBRL), AOC-4 (CFS), or MGT-7, as the case may be, without payment of additional fee, wherever applicable, till 29th November,

    From the Chairman

  • NIRC - ICSI Newsletter | November 2016 3

    From the Chairman2016. Further, we request you to ensure Annual filing of financial statements and Annual Returns at the earliest by

    the companies with which you are associated to avoid last

    minute rush and system congestion on the MCA21 portal.

    Your NIRC is always been at forefronts for providing services to

    stakeholders at their doorsteps, I am pleased to inform that on the recommendation of NIRC, the Institute has accorded its approval for opening of three new Examination Centre in the Northern Region. New Examination Centres for the December Exams are opened at Muzaffarnagar, U.P.

    & at Jhunjhunu, Rajasthan and will be opened at Aligarh,

    U.P. with effect from June, 2017 examination session. I am

    sure students residing in & around these new centres will

    be benefitted and it might help the institute to get the fresh

    registration of students residing in these areas..

    Friends, I am happy to share that the NIRC campus building

    at Prasad Nagar, Delhi is now fully equipped with the latest

    technology and we have achieved another milestone by

    installation of a 24 Hours ATM Machine for exclusive use of Members & Students of ICSI. The ATM Machine has been installed by the Axis Bank and was inaugurated on 29-10-

    2016 on the eve of Diwali festival. Further to add on this,

    ATM machine shall also work as virtual office / front office for NIRC in the days to come and all fees relating to various Student & Members program can also be deposited 24 x 7

    through this machine. This endeavour of NIRC will surely help

    the out-station students who are utilising the reading room &

    undergoing the Oral Tuition classes at NIRC.

    It is our endeavor to continuously update and enhance the

    quality of the syllabus in view of the current trends and

    practices of the profession. I am happy to share that at NIRC has forwarded detailed suggestions on the draft syllabus for all levels of examinations to the HQ after taking inputs from faculty members of oral tuition classes. We are

    sure that the meaningful inputs given by members on the

    Proposed New Syllabus of the Company Secretary Course to

    the Institute will not only add value but also provide wider

    perspective towards the growth and development of the


    In order to cater to the needs of Senior Professionals who have

    qualified their examinations but not able to attend 15 days

    long compulsory Management Skills Orientation Program

    (MSOP), your NIRC for the first time organizing its 1st Weekend Management Skills Orientation Program (WE-MSOP) from 13th November, 2016 to 14th January, 2017 at NIRC premises apart from regular batches of MSOP. I request

    my professional colleagues to publicize the 1st Weekend

    Management Skills Orientation Program (WE-MSOP) being

    organised by NIRCin your circlewhich will enable us to get maximum number of eligible students.

    I am pleased to inform you that the quantum of financial assistance to the dependent(s) of the life members of CSBF is going to be increased from Rs. 5 Lakh to Rs. 7.5 lakh w.e.f. 1st January, 2017 in the unfortunate event of the death of the life member. I take this opportunity to thank the

    Managing Committee of CSBF and the Institute in leading

    the way forward to extend its helping hand in making the

    Fund financially secure through its regular and generous

    contributions. I would hence strongly urge you to become

    a life member of the CSBF by seizing this opportunity by

    making a onetime online/offline payment of Rs. 7,500/-

    before the subscription increases to Rs. 10,000/- effective

    from 1st January, 2017.

    Friends, NIRC is continuously providing ample opportunities

    to the members for updating their knowledge by organising

    various quality professional development programs. NIRC

    has organised the following programmes for members

    during the month of October, 2016 :

    On 4th October, 2016 NIRC celebrated CS Day in a unique manner, by organizing Blood Donation Camp & plantation of sapling in the morning at NIRC premises and in the evening a panel discussion among Past Presidents of ICSI, followed by motivational talk for members of the Institute. In the panel discussions CS (Dr.) G B Rao, Past Presidents-ICSI - 1984-85, CS O. P. Dani, Past Presidents-ICSI - 1994, CS Virender Ganda, Past Presidents-ICSI - 1999, CS Pavan Kumar Vijay, Past Presidents-ICSI - 2003 and CS Nesar Ahmad, Past Presidents-ICSI - 2012 addressed the members and replied to various queries of members. The session

    was moderated by CS Ranjeet Pandey, Council Member-

    ICSI and then CS (Dr.) Pawan G. Agrawal, (Dubbawala from Mumbai) an International Motivational Speaker

    also addressed the members which was appreciated by

  • NIRC - ICSI Newsletter | November 2016 4

    From the Chairmanmembers. I take this opportunity to thank from the core of my heart to the Past Presidents-ICSI and Motivational speaker and participating members for sparing their valuable time for the successfully organisation of Celebration of CS Day.

    On 5th October, 2016 PCS Help Line was organised on SEBI (LODR) Regulations, 2015 & On 19th October, 2016 on Annual Filing where in. CS Arvind Kohli, PCS and CS Swaran Kumar Jain, PCS were the experts respectively. A large number of queries have been attended and resolved.

    On 15th October, 2016, NIRC organised a Workshop on the theme Workshop on Annual Filing Concepts & Techniques at ICSI-NIRC Building, New Delhi. CA Ankit Varshney, Associate, Webtel Electrosoft (P) Ltd. and CS Sharad Rajwanshi, PCS have shared their knowledge on the allotted topic. The members were benefited with the latest development and got updations on the subject.

    On 22nd October, 2016, NIRC organized a full day seminar on the theme Cross Border Trade & Investment Exchange Regulations at Hotel Leela Ambience, Delhi. I take this opportunity to express my si