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Tuesday, January 24, 2012

KnowLaw on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India

Know Law

Labz Notification 10 of 2011

A written-cum-video initiative to know your corporate legal position as on date

Legal Queries???

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 company’s capital account transaction?

Solution…

FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction

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.

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 company’s transactions. Read More...

Requirement under Indian laws on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India:

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 voluntary compounding of offences by disclosing the offence to RBI.

Myth buster on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India:

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.

Caution point on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India!!!

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.

WATCH LAWLABZ VIDEO on FEMA Compliances, Event Based, Periodical returns to be filed based on the nature of transaction in India!!! (Click Here):

At Lawlabz, we offer 360O Personalized VIRTUAL Corporate Solutions by offering COMPLETE online legal support for your organization since its set-up as your entrepreneurial venture, during its management as a corporate entity or a manufacturing industry and closure of unwanted company’s which are not having any significant business of its own.

Legally Yours,

Happy Consulting with www.lawlabz.com

For Private Circulation Only. 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. One Pager



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For earlier newsletters of KnowLaw series of Lawlabz, Click this link

Sunday, September 25, 2011

Important Forms Fees Due Date Provisions on Income Tax, Service Tax, Companies Act, LLP Act for CS Executive & Professional Program exams–Download Book

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:

  1. Tax Laws (Income Tax & Service Tax) for Company Secretary Executive Program
  2. Advance Tax Laws & Practice for Company Secretary Professional Program

Download the material from http://220.227.161.86/24347quick_insight.pdf

Further the material also discusses crisp details on Companies Act, 1956 and Limited Liability Partnership Act, 2008 which are given as under:

Companies Act Forms Fees Due Date Delayed Filing

LLP Act Forms Fees Due Date

Source: ICAI vide http://220.227.161.86/24347quick_insight.pdf

The materials are shared only for the purpose of study and no other purpose.

Company Secretary Hindi medium books on Law for CS Exam Preparation & Revision of Foundation, Executive & Professional Programme –Download Now

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).

Company Secretary Law Subjects in Hindi Medium:

कंपनी सेक्रेटरी परीक्षा के लिए केवल इतना "पढ़ें.
जैसा कि आप जानते हैं बार काउंसिल एक परीक्षा योग्य वकीलों, जो भारत भर में न्यायालयों मेंवकालत कर करने and रुचि रखते हैं के लिए ऑल इंडिया बार परीक्षा (AIBE) कहा जाता है. उस प्रयोजन के लिए, Rainmaker बार काउंसिल के साथ अद्भुत तैयारी सामग्री बनाया गया है. सामग्रीकाफी पर्याप्त महत्वपूर्ण प्रावधानों को कवर किया हैं. यह कंपनी सेक्रेटरी अंतिम कार्यक्रम और कंपनीसेक्रेटरी इंटर कार्यक्रम and सामान्य कानून and मसौदा कागज के लिए सबसे अच्छा संदर्भ सामग्री है, बस परीक्षा में अधिकतम अंक प्राप्त पढें. यह CS परीक्षा या किसी भी CA के / CWA परीक्षा जहाँ आपनीचे वर्णित कानूनों के अध्ययन के पहले संशोधन के लिए अच्छी मदद की:

Book 1

Download Link for Hindi Law Book 1: http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-1-final.pdf
Book2
Download Link for Hindi Law Book 2: http://www.barcouncilofindia.org/wp-content/uploads/2010/08/hindi-book-2-final.pdf

गुजर का आनंद लें ...

CS Hindi Medium

Reference Materials for CS Foundation Programme (Hindi Medium)

In the above refer Chapter No. 4 for Elements of Business Laws paper.

Reference Materials for CS Executive Programme (Hindi Medium)

Module 1: General & Commercial Law (GCL): Chapter Nos. 1, 2, 3, 4, 6, 8, 11, 18.

Module 2: Company Law: Chapter No. 13.

Economic & Labour Laws: Chapter Nos.  14 & 17.

Reference Materials for CS Professional Programme (Hindi Medium)

Module 1: Company Secretarial Practice (CSP): Chapter No. 13.

Drafting, Appearances & Pleadings (DAP):  Chapter Nos. 1,2,3,7.

The materials are shared only for the purpose of study and not for any other purpose.

For English Medium: http://yehseeyes.blogspot.com/2011/09/download-cs-reference-book-for.html

THOSE WHO ARE UNABLE TO DOWNLOAD FROM ABOVE, CAN READ PART I & II FROM BELOW:

Hindi Book Law Final

Hindi Book Law Final2

Tuesday, September 20, 2011

Download CS Reference Book for Foundation,Executive & Professional Program exams: Company Secretary Revision Materials

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:

Crisp Law for Exams - 1

Download Link for Book 1: http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP1.pdf

Crisp Law for Exams - 2

Download Link for Book 2: http://www.barcouncilofindia.org/wp-content/uploads/2010/08/AIBEP2.pdf

Reference Materials for CS Foundation Programme

In the above refer Chapter No. 4 for Elements of Business Laws paper.

Reference Materials for CS Executive Programme

Module 1: General & Commercial Law (GCL): Chapter Nos. 1, 2, 3, 4, 6, 8, 11, 18.

Module 2: Company Law: Chapter No. 13.

Economic & Labour Laws: Chapter Nos.  14 & 17.

Reference Materials for CS Professional Programme

Module 1: Company Secretarial Practice (CSP): Chapter No. 13.

Drafting, Appearances & Pleadings (DAP):  Chapter Nos. 1,2,3,7.

The materials are shared only for the purpose of study and not for any other purpose.

For Executive Program: http://yehseeyes.blogspot.com/2007/10/cs-inter-reference-materials.html
For Professional Program: http://yehseeyes.blogspot.com/2010/01/books-for-cs-professional-program-on.html

For Hindi Medium: http://yehseeyes.blogspot.com/2011/09/company-secretary-hindi-medium-books-on.html

THOSE WHO ARE UNABLE TO DOWNLOAD FROM ABOVE, CAN READ PART I & II FROM BELOW:

AIBEP1

AIBEP2

Thursday, August 25, 2011

CS Results & how when to register for next level after passing Company Secretary Foundation Executive Professional Programme June 2011 exams–To do checklist

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 at 11.00 Noon on 25th August, 2011 and it released on time.

Result is available on the following servers.

  1. www.icsi.edu
  2. www.icsi.in
  3. http://icsi.examresults.net

CS Exam Result - June 2011 Session

Server 1 for Result and E-Marks Sheet for Foundation Programme and Executive Programme

Server 2 for Result and E-Marks Sheet for Foundation Programme and Executive Programme

Server 3 for Result and E-Marks Sheet for Foundation Programme and Executive Programme

Server 4 for Result

Server 5 for Result

List Of Toppers

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

When candidates who cleared this level can go to the next level of CS 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 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 http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

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

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.in 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://csclasses.learnlabz.com

  3. Register for Computer Training with Aptech or produce your Certificates to write Exemption exam:www.icsi.aptechtrainingsolutions.com

  4. Enroll for Student Induction Programme (SIP), a 7 full day program with ICSI which shall be completed within 6 months.  Details in http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

  5. Collect & preserve your Marksheets as per http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html

  6. Get your Bcom degree too BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries

  7. 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%

  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 August 2011.

  9. Enjoy reading CS Executive Programme books Only This Much for Company, Economic, Labour & Securities Law from http://csbooks.learnlabz.com

For Executive passed:

  1. Click here to register online for CS Executive Program Application -http://www.icsi.in OR 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 Executive Development Program (EDP) and find details from nearest ICSI -http://www.icsi.edu/webmodules/student/TopForm.doc (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 http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

  2. Collect & preserve your Marksheets as per http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html

  3. 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

  4. For 15-month CS Training related information, you can visit http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html

  5. Start looking out for Professional Development Programs (PDP) as its mandatory to attend for 25 hours or you have the option to register for National Convention of ICSI.

  6. Get your Mcom degree too BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries

  7. 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%

  8. Get to know your subjects and classes schedules at http://csclasses.learnlabz.com

  9. 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 1st September 2011.

  10. Enjoy reading CS Professional books for all law subjects @ http://csbooks.learnlabz.com

For Professional passed:

  1. Collect & preserve your Marksheets & Pass certificates as per http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html

  2. 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.

  3. Complete your CS Training or Claim exemption from it following http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html

  4. Complete RoC Training or Stock Exchange training, if applicable. Send e-mail to training2@icsi.edu to get the sponsorship letter.

  5. Complete 25 hours PDP's, 15 full days MSOP’s, etc… in http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

  6. Then, apply for the esteemed membership of ICSI following, http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html

Are you not satisfied with your CS results? 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 http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html

 

Enjoy passin... 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

Monday, June 13, 2011

Company Secretary June 2011 exam question paper for CS (ACS) Professional Programme

In the series of Question papers for CS Executive Programme and a video of solved Tax papers for Executive & Professional Programme, here comes June 2011 CS Professional Program question papers.  CS Final.

Module 1:

COMPANY SECRETARIAL PRATICE.pdf

https://viewer.zoho.com/docs/zYbbaL

DRAFTING APPEARANCES AND PLEADINGS.pdf

https://viewer.zoho.com/docs/yZeec

Module 2:

Corporate Restructuring and insolvency.pdf

https://viewer.zoho.com/docs/rYd5di

Financial,Treasury and Forex Management.pdf

https://viewer.zoho.com/docs/zZyHh

Module 3:

ADVANCE TAX LAW AND PRATICCE.pdf

https://viewer.zoho.com/docs/kY6lg

Alliances,international Trade and Strategic management.pdf

https://viewer.zoho.com/docs/qYabaP

Module 4:

CORPORATE GOVERNANCE BUSINESS ETHICS AND SUSTAINABILITY.pdf

https://viewer.zoho.com/docs/mYc86

DUE DILIGENCE AND CORPORATE COMPLIANCE MANAGEMENT.pdf

https://viewer.zoho.com/docs/hZnSg

 

For all Old Question papers of ACS exams, visit http://yehseeyes.blogspot.com/2007/11/icsi-question-papers.html

Enjoy solving.

Sunday, June 12, 2011

Solved Company Secretary Executive & Professional Program June 2011 Tax papers - credits: CS KK Agarwal

Great 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!!!

See it, to believe it...
Solved Tax law for CS Executive Programme (June 2011)



Solved Direct & International Taxes for CS Professional Programme (June 2011)




Enjoyed understanding...

Saturday, June 11, 2011

Company secretary June 2011 exam question paper for CS (ACS) Executive Programme

Glance through Company Secretary June 2011 exam questions papers now.

Wednesday, March 16, 2011

RBI's Annual Return extends beyond FDI & ODI to Foreign Assets & Liabilities, capturing reverse investments & info based on OFBV valuation

New Annual Return on Foreign Assets & Liabilities

To be filed with RBI on or before 15th July every year

Replacing the erstwhile requirement of filing Part B of FC-GPR

RBI has replaced Part B of the Form FC-GPR by a separate ‘Annual Return on Foreign Liabilities and Assets’ given as Annex-I. The return should be submitted by July 15 of every year 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 all the Indian companies which have received FDI and/or made ODI abroad (i.e. overseas investment) in the previous year(s) including the current year. The Annex –II gives the concepts and definitions useful in filling the Annual Return on Foreign Liabilities and Assets. Remember, Part -A of FC-GPR remains as such.

Circular: A.P. (DIR Series) Circular No. 45 dated 15th March 2011 and is applicable with immediate effect from July 2011 onwards. & Definitions.

This requirement is to enable International Monetary Fund (IMF) for the purpose of compiling information to be used in the compilation of India’s Balance of Payments (BoP), International Investment Position (IIP), Coordinated Direct Investment and Coordinated Portfolio Investment. Hence, the formats are ensured to collect such COMPREHENSIVE & DETAILED information with proper definitions for various aspects. 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.


It has the following sections:

1. Section I: Identification Particulars

· Block 1A : Total Paid up Capital of Indian Company

· Block 1B : Free Reserves & Surplus and Retained Profit

2. Section II: FOREIGN LIABILITIES

Investments made under Foreign Direct Investment (FDI) scheme in India:

· Block 2A: Foreign Direct Investment in India (10% or more Equity Participation

· Block 2B: Foreign Direct Investment in India (Less than 10% Equity Holding

Portfolio and Other Liabilities to Non-residents (i.e. position with unrelated parties)

· Block 3A: Portfolio Investment

· 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).

3. Section –III: FOREIGN ASSETS

· Block 4: Direct Investment Abroad under Overseas Direct Investment Scheme

· Block 4A: Direct Investment Abroad (10 % or more Equity holding

· Portfolio and Other Assets Abroad (i.e., position with unrelated parties)

· Block 5A: Portfolio Investment Abroad

· Block 5B: Financial Derivatives (with non-resident entities only)

· Block 5C: Other Investment (Outstanding claims on Unrelated Parties)

· Block 6: Equity Capital, Free Reserves & Surplus of Direct Investment Enterprise Abroad

[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].

· Block 7: Contingent Foreign Liabilities

· Block 8: Employee Information of reporting Indian company

NEW CONCEPTS

Reverse Investment is defined and needs to be reported. 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). Same way, in case of ODI from India, 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).

Methodology for valuation of foreign liabilities and foreign assets:

• 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 nominal value.

• For the valuation of the outstanding investment, use the corresponding endMarch/ end-December market price/exchange rate.

• For listed companies, the share price on the closing date of reporting period should be used for valuation of Equity.

• 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. 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 shareholder‘s 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).

Example for OFBV:

Suppose company's paid up capital = Rs 250 lakh, with FDI 50 % (i.e. Rs 125 lakh)

Accumulated reinvested earnings = Rs 75 lakh

Revaluation of land & shares = Rs 159 lakh

Total = Rs 484 lakh

Therefore, Equity investment by foreign direct investor based on OFBV method is Rs 242 lakhs (50 per cent of Rs.484 lakh).

Enjoy filing Annual Return after reading the Definitions.

Monday, February 28, 2011

CS/CA/CWA/Law Students - the very last day to take Round-1 of OTM Challenge

OTM Challenge 2011

 

The reasoning behind this challenge is to groom and nurture Professional students of Company Secretary (CS), Chartered Accountant (CA), Cost Accountant (CWA),  & LL.B/B.L by recognizing their capabilities and providing a platform for knowledge sharing & enrichment.  

 

OnlyThisMuch (OTM) will provide various opportunities to the participants (selected) and the winners, which inter alia includes:

1. Opportunity to write and contribute to OTM by co-authoring OTM books

2. Opportunity to undergo Training (15 months training as indicated in CS course) 

3. Opportunity to become a faculty (part-time or full-time) at Learn Labz                 

4. WIN Cash prizes, gift vouchers & goody bags

 

Results & prize distribution will be on 1st May 2011, 6 PM onwards. 

 

OTM Challenge Schedule Round I of OTM challenge

(commences on 1st Dec 2010 and closes on 28th Feb 2011 @ 6 PM)

       

  • 1.       Choose the right answer challenge
  • 2.       Vision challenge
  • 3.       Unknown Challenge!!!

 

Click here & Take the Challenge Now

 

100 winners from India will be handpicked for Round II of OTM Challenge!

Results will be declared on our blog http://onlythismuch.blogspot.com on 15th March 2011.


Keep your friends informed and Enjoy challenging...

Friday, February 25, 2011

What 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

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, 2010 are scheduled to be declared at 12.00 Noon on 25th February, 2011 and it released on time.

Result is available on the following servers.

  1. www.icsi.edu
  2. www.icsi.in
  3. http://icsi.examresults.net

1. Server 1 - Final Old / Foundation Programme / Executive Programme / Professional Programme Click here

2. Server 2 - Executive Programme / Final Old Click here

3. Server 3 - Foundation Programme / Professional Programme Click here

TAKE AWAY YOUR RESULT ON MOBILE - SMS
FINAL (OLD SYLLABUS) EXAMINATION DECEMBER 2010
SMS - Result<space>ICSIFINAL<space>ROLL NUMBER to 56263
Example: RESULT ICSIFINAL 123456 - Send it to 56263
FOUNDATION PROGRAMME (NEW SYLLABUS) EXAMINATION DECEMBER 2010
SMS - Result<space>ICSIFOUN<space>ROLL NUMBER to 56263
EXECUTIVE PROGRAMME (NEW SYLLABUS) EXAMINATION DECEMBER 2010
SMS - Result<space>ICSIEXEC<space>ROLL NUMBER to 56263
PROFESSIONAL PROGRAMME (NEW SYLLABUS) EXAMINATION DECEMBER 2010
SMS - Result<space>ICSIPROF<space>ROLL NUMBER to 56263

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

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 http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

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

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.in 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://csclasses.learnlabz.com

  3. Register for Computer Training with Aptech or produce your Certificates to write Exemption exam: www.icsi.aptechtrainingsolutions.com

  4. Enroll for Student Induction Programme (SIP), a 7 full day program with ICSI which shall be completed within 6 months.  Details in http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

  5. Collect & preserve your Marksheets as per http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html

  6. Get your Bcom degree too BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries

  7. 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%

  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 August 2011.

  9. Enjoy reading CS Executive Programme books Only This Much for Company, Economic, Labour & Securities Law from http://csbooks.learnlabz.com

For Executive passed:

  1. Click here to register online for CS Executive Program Application -http://www.icsi.in OR 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 Executive Development Program (EDP) and find details from nearest ICSI -http://www.icsi.edu/webmodules/student/TopForm.doc (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 http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

  2. Collect & preserve your Marksheets as per http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html

  3. 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

  4. For 15-month CS Training related information, you can visit http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html

  5. Start looking out for Professional Development Programs (PDP) as its mandatory to attend for 25 hours or you have the option to register for National Convention of ICSI.

  6. Get your Mcom degree too BCom CS Executive & MCom CS Professional programme is possible -IGNOU & ICSI offers this mutli-degrees for Company Secretaries

  7. 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%

  8. Get to know your subjects and classes schedules at http://csclasses.learnlabz.com

  9. 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 2011.

  10. Enjoy reading CS Professional books for all law subjects @ http://csbooks.learnlabz.com

For Professional passed:

  1. Collect & preserve your Marksheets & Pass certificates as per http://yehseeyes.blogspot.com/2010/06/preserve-your-mark-sheets-as-no-more-cs.html

  2. 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.

  3. Complete your CS Training or Claim exemption from it following http://yehseeyes.blogspot.com/2008/05/icsi-15-months-managementapprentice.html

  4. Complete RoC Training or Stock Exchange training, if applicable. Send e-mail to training2@icsi.edu to get the sponsorship letter.

  5. Complete 25 hours PDP's, 15 full days MSOP’s, etc… in http://yehseeyes.blogspot.com/2010/02/newcstrainingsipedpmsoppdpparttimeicsic.html

  6. Then, apply for the esteemed membership of ICSI following, http://yehseeyes.blogspot.com/2009/01/checklistformsfeesguide-to-apply-for.html

Are you not satisfied with your CS results? 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 http://yehseeyes.blogspot.com/2009/02/revaluation-retotalling-cs-marks.html

Those who not able to clear CS Final in Old Syllabus. If you have not cleared CS Final in this attempt, then you have to mandatorily switch over to the New Syllabus for your next attempt and details of exemptions you will get can be found from http://thisisvj.googlepages.com/CSSyllabus.pdf.  More details as below.

Enjoy passin... 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

Take OTM Challenge – All India Competition from OTM 2011

All students who are pursuing CS Final are hereby informed that from next examination onwards ( i.e. June 2011 session onwards ) institute’s examination will be conducted under new syllabus only.

As such all concerned students may note that w.e.f. 26th February 2011 all students who are presently in Final ( old syllabus ) will be compulsorily switched-over to Professional Program ( i.e. under new syllabus ).

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

syllabus as per details mentioned below :

 

Sl No

FINAL ( old Syllabus )

Subject Code

PROFESSIONAL PROGRAM

( New Syllabus )

Subject Code

1

Advanced Company Law and Practice ( ACLP)

131

Company Secretarial Practice ( CSP)

231

2

Secretarial Practice relating to Eco. Laws and Drafting & Conveyancing ( SPRELDC)

132

Drafting, Appearances and Pleadings

( DAP)

232

3

Secretarial, Management and System Audit ( SMSA)

133

Due Diligence & Corp. Compliance Mgt.

( DDCCM)

237

4

Financial, Treasury and Forex Management ( FTFM)

134

Financial, Treasury and Forex Management ( FTFM)

233

5

Corporate Restructuring Law and Practice (CRLP)

135

Corporate Restructuring and Insolvency

( CRI)

234

6

Banking and Insurance – Law and Practice ( BILP)

136

Governance, Business Ethics and Sustainability ( GBES)

238

7

WTO-International Trade,

Jt. Venture and Foreign Collaborations

( WTO-ITJVFC)

137

Strategic Mgt, Alliances and International Trade ( SMAIT)

235

8

Direct and Indirect Taxation – Law and Practice ( DITLP)

138

Advanced Tax Law and Pracice ( ATLP)

236

9

Human Resources Mgt & Industrial Relations ( HRMIL)

139

Governance, Business Ethics and Sustainability ( GBES)

238

Take OTM Challenge – All India Competition from OTM 2011

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