Student Company Secretary

Volume No. XXIV ISSN 0972-2874

January 2007

1
 Training Orientation Programme

As per Company Secretaries Regulations, 1982 (amended
from time-to-time) every student apart from passing the final
examination of the Institute is also required to possess the
practical experience and undergo practical training or be
exempted therefrom before becoming eligible to the Associate
Membership of the Institute. Students who do not possess
practical experience are required to undergo compulsorily 15
months Management/Apprenticeship training.
Most of the students commencing training are not aware of
the significance and methodology of training, business
environment, corporate culture, communication and
behavioural aspects. Keeping in view the above factors, the
Council of the Institute has decided that students requiring to
undergo training should compulsorily attend five days Training
Orientation Programme (TOP) before they are sponsored for
training. It has also been decided that henceforth students
will be sponsored for training in the companies or with company
secretaries in practice as per the following schedule.

Activities Session1 Session 2 Session 3 Session - 4

Registration of students January 1 to March 01 to June 01 to September 01 to
for 15 months Training January 10 March 10 June 10 September 10
Organisation of TOP January 15 to March 15 to June 15 to September 15 to
January 24 March 24 June 24 September 24
Campus Interview January 25 to March 25 to June 25 to September 25 to
January 31 March 31 June 30 September 30
Commencement of February 01 April 01 July 01 October 01
Training Onwards Onwards Onwards Onwards
Completion of April 30* June 30* September 30* December 31*
Training Next Year Next Year Next Year Next Year
* If the student avails extra leave, the training will be extended accordingly.
Training Orientation Programme is a part of the 10. Usefulness of reading newspapers
Management/Apprenticeship training and is based on Guru 11. Self-assessment
Shishya Parampara. Training Orientation Programme will not SWOT analysis
only expose the students to the business environment and Career prospects
corporate functioning but would also help them in acquiring
Personality
the desired skill and confidence.
12. Writing of curriculum vitae
The Regional Councils will organize the Training Orientation
Programme from 15th to 24th of the four fixed months i.e. 13. Interview Techniques
January, March, June & September. 14. Career Planning
For effective interaction and participation, not more than 15. Computer-Internet/E-mail
40 students would be enrolled in each TOP. A fee of Rs. 400/ 16. File management
- per participant will be charged. 17. Organisation structure, role and functioning of Competition
The following topics will be included in the programme : Commission of India, CLB/NCLT, ROC, Stock Exchange,
SEBI, RBI, DRT
1. Importance of Training
18. Usefulness of Professional Development Programmes.
2. Personality Development- Dress Code & How to carry
oneself 19. Code of Conduct
20. Future Prospects
3. Time Management
For helping the students to identify Companies or Company
4. Meaning of Professionals
Secretaries in practice for undergoing training, the Regional
5. Office Culture Councils would also arrange Campus Interviews, immediately
6. Communication Skill on conclusion of each TOP for on-the-spot selection of
Writing ability candidates. Such Campus Interviews will be organized during
Drafting of letters the four fixed months from March 25 to 31; June 25 to 30;
Speaking ability September 25 to 30 and January 25 to 31.
All students intending to commence Management/
7. Group discussion, Drafting of Minutes, Notices,
Apprenticeship training are advised to contact the respective
Resolutions etc.
Regional Councils for enrolling themselves for TOP. Only on
8. How to qualify professional examination successful completion of TOP, students would be sponsored
9. Managing under crisis for training by the Institute.

2
 From The President

"This bright new year is given me

To live each day with zest
To daily grow and try to be
My highest and my best!"
William Arthur Ward

Dear Students,
At the out set, I want to take this opportunity to wish you all a happy, healthy, safe and prosperous New Year
2007. As we step in the New Year, we look with hope to the year ahead and the opportunities it will bring for us.
Hope 2007 is a great one for all of us. May God bless you and give you the sagacity to make the right wishes
and the courage and strength to exert, stretch and apply yourselves to fulfill all your wishes.
Friends, time is one of our most precious possessions. Each moment is more precious than its predecessor
and successor moment. The Bhagwat Gita says not even a single moment you should stay without action.
Management experts say that the most valuable commodity in the world is time. If you cannot utilize this
commodity properly then you cannot do any thing properly or efficiently. The gift of time is not ours alone. I am reminded of Steven B. Cloud who
has said that time is given equally to each person. Rich and poor, educated and ignorant, strong and weakevery man, woman and child has the
same twenty-four hours every day. Another important thing about time is that you cannot stop it. There is no way to slow it down, turn it off, adjust
it, store or retrieve it. Time marches on. It may be noted that about 50% of our time is already scheduled i.e., sleeping, eating, personal cleaning,
praying and commuting etc., require about 12 hours daily. Therefore, it is very important to utilize the other 12 hours effectively. Some people
make a lot of contributions whereas others do not even perform their normal 8 hours duty properly. The main reason for higher contributions is
better utilization of time. The world is there to enrich us all provided we spend each moment in benefiting from its immense richness: of knowledge,
wealth, happiness, art, culture, work and interaction.
As I have stated above that time is given equally to each person and it marches on, likewise in my case also time has marched on and my tenure
as the President of the Institute will be over on 19th January 2007. I am proud to be a part of this Institute and profession which has touched new
heights and dimensions in the changing global environment.This is my last communication through the Student Company Secretary to all of you.
During my tenure as the President of the Institute, my endeavour has been to create awareness about the Company Secretaryship course with
vigor and zeal. I have made every possible effort to serve the profession and the students with utmost commitment and I have always tried to do
what was best for the profession and the students. I take this opportunity to narrate some of the major achievements /developments that have
taken place during the year.
ICSI National Award for Excellence in Corporate Governance
Corporate Governance is vital in medium and long-term perspective to enable companies to compete globally in a sustained manner and make
them flourish and grow. It is concerned with the accountability of persons who are managing it towards the stakeholders. The Corporate Governance
Award instituted by the ICSI has created an atmosphere where corporates are striving for excellence in good corporate governance in the global
dynamic environment.
The conferment function for ICSI National Award for Excellence in Corporate Governance for the Sixth consecutive year was held on Saturday,
the 23rd December, 2006 at ITC Hotel Park Sheraton & Towers, Chennai. Shri Surjit Singh Barnala, His Excellency, the Governor of Tamil Nadu
presented the ICSI National Award for Excellence in Corporate Governance for the year 2006 to the two Best Governed Companies viz.
Abhishek Industries Limited & ITC Limited. Shri Pawan Jain, Company Secretary, Abhishek Industries Limited and Shri B B Chatterjee, Company
Secretary, ITC Ltd., received the Awards. The ICSI Life Time Achievement Award was conferred on Dr. J J Irani, Director Tata Sons Ltd., for
translating excellence in Corporate Governance into reality. The Company Secretaries of the Awardee companies, Shri Pawan Jain, Company
Secretary, Abhishek Industries Ltd., and Shri B B Chatterjee, Company Secretary, ITC Ltd., were also honoured for their contributions.
The function was preceded by a Panel Discussion on Corporate Governance for Corporate Performance. The dignitaries on panel included:Shri
T S Krishna Murthy, Former Chief Election Commissioner of India, Shri Arun Jain, Chairman & Managing Director, Polaris Software Lab Limited,
Dr. K.C. Chakrabarty, Chairman & Managing Director, Indian Bank, Shri K. Raghavendra Rao, Managing Director, Orchid Chemicals &
Pharmaceuticals Ltd., Shri L. Lakshman, Chairman & Managing Director, Rane Holdings Limited, Shri Rajnikant Patel, Managing Director &
CEO, Bombay Stock Exchange Ltd.
A Souvenir and Book on Corporate Governance was also released on the occasion. The Book on Corporate Governance contains Modules for
best practices relating to disclosure of various items of compliances in the light of revised clause 49 of the listing agreement and is a user friendly
treatise on Corporate Governance for Corporates and Professionals. The Prospectus on the Post Membership Qualification Course in Corporate
Governance was also released.
The 34th National Convention
A successful global professional is one who surrounds himself with excellence and is not afraid of it. This was the message of the 34th National
Convention on the theme Reshaping the Profession Creating New Niches organized successfully by the Institute on September 7-9, 2006 at
Kolkata. The Convention was inaugurated by Shri Prem Chand Gupta, Honble Union Minister of Company Affairs, Government of India. Speaking
on the role of Company Secretaries in the emerging regulatory framework and the service delivery systems, Minister stated that it was now the
responsibility of the corporate professionals to spearhead the reform movement. He expressed that the professionals like Company Secretaries
could weave the threads of enterprise, knowledge, experience, idea and tasks into a fabric and could take the corporate sector to excellence.
National Conference of Student Company Secretaries
The National Conference of the Student Company Secretaries is an endeavour to assist the students to find what are the global challenges and
the ways and means to deal with them. Keeping in tune with the global challenges, the Eastern India Regional Council of the Institute organized
its 21st Regional Conference of Student Company Secretaries on July 15, 2006 at Kolkata. Likewise, the Bangalore Chapter of the Institute also
organized 7th National Students Conference on the theme Emerging Areas in the Profession An insight on July 30, 2006 at Bangalore.
Student Activities
Professionals have to communicate at various forums while discharging their professional responsibilities. So they should be capable of
communicating their viewpoint clearly and effectively. Taking cognizance of this desirable necessity, the Institute through its Chapters and

3
 From The President
Regional Councils organized various competitions/programmes to enable the students to hone their communication skills. The EIRC of the
Institute organized All India Essay Writing Competition for students on the theme Company Secretary the Corporate Strategist. Ahmedabad
Chapter of the Institute organised 5th All India National Elocution Competition on July 8, 2006 in Ahmedabad. Further, to equip the students to
understand the technicalities of representing before the tribunals and quasi-judicial bodies, NIRC of the Institute organised 4th All India Moot Court
Competition on July 21-23, 2006 at New Delhi. Furthermore, NIRC also organised Regional Level Moot Court Competition for students on July
16, 2006 at New Delhi. That apart, SIRC of the Institute also organized 6th All India Company Law Quiz on August 12, 2006 at Chennai.
SMTP
CCRT Navi Mumbai organised Residential Secretarial Modular Training Programmes (RSMTP) for those students who passed the CS-Final
examination. Various programmes on topics of practical and general managerial relevance were also conducted in the evening. In addition to the
subjects covered under regular SMTP, special emphasis was on management subjects and personality development including Yoga and Meditation
in the morning hours.
Recognition of Company Secretary Qualification
The Institute has always made earnest efforts to secure new recognitions for the CS qualification. The University of Bikaner, Rajasthan has
accorded recognition to Company Secretaryship qualification as equivalent to Post Graduate Degree for the purpose of registration for Ph.D in
the disciplines of Commerce/ Management/Law. Osmania University, Hyderabad has accorded recognition to the CS qualification as equivalent
to M.Com Course and treated it as allied to MBA for the purpose of pursuing Ph.D in Business Management.
Meeting of the International Federation of Company Secretaries
The 3rd meeting of the Governing Body of the International Federation of Company Secretaries (IFCS) was held on July 7, 2006 in Dhaka,
Bangladesh. The Institute of Chartered Secretaries & Managers of Bangladesh, one of the founding members of the IFCS, hosted the meeting.
The meeting of the Governing Body was followed by an International Conference on the Theme: Corporate Management: Global Practice.
Ministers from Govt. of Bangladesh as well as professional luminaries from Bangladesh, India, Kenya, Pakistan and Sri Lanka addressed the
Conference.
At the 3rd meeting of the Governing Body of the IFCS, new President, Vice President and the Secretary of IFCS were elected. Mr. Pir Muhammad
A Kaliya, a member-representative and past President of the Institute of Corporate Secretaries of Pakistan was elected as President of the
Federation. Mr. Mohd. Sanaullah, President of the Institute of Chartered Secretaries & Managers of Bangladesh, was elected, as the Vice
President, while Mr. N K Jain, Secretary & CEO, the Institute of Company Secretaries of India, was re-appointed as the Secretary of the IFCS.
Globalisation of Profession
During the year, the Institute continued with its spreading the wings programme and organised International Conference at Kenya, third meeting
of the IFCS, developed close cooperation with the Company Secretaries in Nepal, with Regulatory Authority in Maldives for its corporate governance
initiatives and published CD on Doing Business in Singapore, to enunciate business knowledge about Singapore.
Foundation Day of the Institute
The Institute celebrated its Foundation Day on December 4, 2006 at Scope Convention Centre, Scope Complex, Lodi Road, New Delhi. Shri
Wajahat Habibullah, Chief Information Commissioner, Central Information Commission delivered the Foundation Day Lecture on the theme
Promoting Professionalism Through Right to Information Act. He said democracy required an informed citizenry and transparency of information
which were vital to its functioning and also to contain corruption and to hold governments and their instrumentalities accountable to the governed.
Audit of Compliance of Labour Laws
In the present global competitive environment where the thrust is on compliances and good corporate governance, the compliance of labour laws
has become as important as any other corporate, economic and securities laws. Recognising this necessity, the Institute has mooted the concept
of audit of compliance of labour laws by practicing Company Secretaries, to help industries and commercial establishments significantly in
improving the standards of labour law compliances. In this regard the Institute organised National Seminar on Labour Law Reforms for Good
Corporate Governance, on April 8, 2006 at New Delhi to create desired awareness on the need for compliance of labour laws. I hope that such
efforts would continue with more vigor and zeal until the goal is achieved.
Release of Institutes Publications
During the year the Institute has released following new publications :
l Delisting of Securities;
l Handbook on Arbitration and Alternate Dispute Resolution;
l CD on Doing Business in Singapore.
l Fourth edition of Chartered Secretary on CD ROM containing updations upto July 2006; and
l Corporate Governance Modules of Best Practices (5th edition)
Friends, in todays business climate we are experiencing more interest in professionalism. A professional is recognized when three qualities are
present in him. The first quality is trustworthiness. When trust is present, people will buy from you or recommend your service. Secondly, one
should be helpful. By being helpful, you are essentially putting the other person in a better position. And lastly, a professional must care. Caring
shows a desire to gain a better understanding of an individuals current scenario and what opportunities exist for you. When all three qualities of
a professional are present, expect to see not only a professional but one that gets paid well and has a well balanced life.

With best wishes,

Yours sincerely,

(H M Choraria)
choraria123@vsnl.net
Kolkata
January 13, 2007

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 Academic Guidance
ACADEMIC GUIDANCE
SECURITIES LAWS AND REGULA
LAWS TION OF FINANCIAL MARKETS
REGULATION
COMPLIANCES UNDER LISTING AGREEMENT1
Listing of Securities on Indian Stock Exchanges is essentially governed by the provisions in the Companies Act, 1956, the Securities
Contracts (Regulation) Act, 1956, the Securities Contracts (Regulation) Rules, 1957, Rules, bye laws, regulations of concerned stock exchange,
the listing agreement entered into by the issuer and stock exchange and circulars/guidelines issued by the Central Government and SEBI.
COMPLIANCES UNDER THE LISTING AGREEMENT
Major Compliances ought to be followed pursuant to the Listing Agreement are given hereunder :
Reference Subject Matter Requirement
Clause 1 Share allotment Rejection letters if any, to be posted simultaneously with allotment letters.
Regret Letters OR
Notification in Press Publish in English morning daily newspaper the next day to the date of despatch of letters
of allotment
Clause 13 Notification of any (a) Notify any attachment or prohibitory orders restraining transfer of securities.
attachment or prohibi- (b) Furnish particulars of the number of securities so affected, the distinctive numbers of
ting orders against such securities and the names of the registered holders thereof.
transfer of securities
Clause 16 Book closure/Record (a) Atleast once in a year the books Date should be closed.
Date (b) Gap between two book closures and/or record dates would be atleast 30 days.
(c) Intimate atleast 21 days (15 days in case of demat shares) before book closure/record
date.
(d) Intimate atleast 30 days before corporate actions like mergers, de-mergers, splits and
Bonus shares in case of company whose stock derivatives are available or whose shock
form part of an Index or which derivatives are available.
Clause 19 Convening of a Board (a) Intimate atleast 7 days in advance about the convening of a board meeting to decide the
Meeting for Declara- matters (a) to (g) alongside. No prior intimation is required about board meeting in respect
tion/Decision regarding: of issue of bonus shares if the issue is not in the Agenda of board meeting.
(a) Dividend (b) Undertakes to recommend to declare all dividend and/or cash bonuses at least 5 days
before the commencement of the closure of its transfer books or the record date fixed for
(b) Bonus shares if that purpose.
forming part of Agenda.
(c) Issue of rights
shares.
(d) Issue of convertible
debentures
(e) Issue of debentures
carrying a right to sub-
scribe to equity shares.
(f) Passing over of
dividend
(g) Buy-back of securities
Clause 20 Decision regarding Furnish information to the Stock Exchanges within 15 minutes of the closure of the Board
& 22 declaration of dividend, Meeting.
bonus interest payment
buy-back of securities,
rights, re-issue of for-
feited shares, calls to
be made.
Clause 21 Payment of dividend Intimate atleast 21 days in advance, of the date on and from which the amounts will be paid.
on shares, interest on
debentures/bonds, re-
demption amount of
redeemable shares or
debentures/bonds
Clause 25 Granting options to Notify all the listed Exchanges
purchase any shares of (a) Number of shares covered by such options, of the terms thereof and of the time within
the company which they may be exercised.
(b) Subsequent changes or cancellation or exercise of such options
Clause 27 Any action resulting in Notify all the listed exchanges : (a) of such action, or (b) of intention to make a drawing.
redemption, cancella- Simultaneously intimate the date of the withdrawl and the period of closing of transfer books
tion or retirement in (or the date of striking of the balance) for the drawing, and (c) of the amount of securities
whole or in part of listed outstanding after the drawing.
securities, or intention
to make withdrawal of
such securities
Clause 28 Change in the form or (a) Give 21 days prior notice to the exchange. (b) Apply to exchange for listing of the securities
nature of listed securi- as changed, if exchange so requires.
ties or change in the
rights/ privileges thereof
1. Prepared by Sonia Baijal, Assistant Director, The ICSI.

5

Clause 29 (a) Change in general
& 30 characters or nature
of companys business
(b) Change in the companies
directors
(c) Change of Managing
Director
(d) Change of Auditors
Clause 31 Further issue of
Securities & other docu-
ments to be forwarded
Clause 32 Cash Flow Statement in
the Annual Report,
Consolidated Financial
Statement and related
party disclosures
Clause 35 Shareholding pattern
containing details of
promoters holding and
non-promoters holding
Clause 36 Decision regarding issue
of shares, forfeiture of
shares, alteration of
shares, cancellation of
declared dividend,
merger, amalgamation,
de-merger, hiving off,
voluntary delisting and
other material decisions.
Clause 40A & Conditions for continued
40B listing and Takeover
offer
Clause 41 Un-audited financial
results
Academic Guidance
Promptly notify the exchange of these changes.
To forward to the exchange six copies of the Annual Reports, notices, resolutions and circulars
relating to new issue of capital, three copies of all the notices, call letters etc. including notices
of meetings convened u/s 391 or section 394 read with section 391 of the Companies Act,1956,
copy of the proceeding at all Annual and Extraordinary General Meeting of the Company, three
copies of all notices, circulars, etc., issued or advertised in the press either by the Company, or
by company which the Company proposes to absorb or with which the Company proposes to
merge or amalgamate, or under orders of the court or any other statutory authority in connection
with any merger, amalgamation, re-construction, reduction of capital, scheme or arrangement.
(a) Companies to prepare Cash Flow Statement in accordance with AS-3 of ICAI and present
it under the indirect method.
Unabridged Annual report to be sent to member of listed exchange on his request. Company
will publish Consolidated Financial Statements duly audited by the statutory auditors and
file the same with Stock Exchange.
(b) Company will also make related party disclosures in its Annual Reports.
File with the exchange the share-holding pattern in the prescribed form within 21 days from
the end of the quarter on a quarterly basis.
Immediately disclose all material information simultaneously to all the Stock Exchanges,
where the Securities of the company are listed.
a. To maintain on a continuous basis, public shareholding of at least 25% of the total number
of issued shares.
b. To maintain on a continuous basis, public shareholding of at least 10% Where the company
offers or has in the past offered a particular class or kind of its shares to the public to the
extent of at least 10%
c. To maintain on a continuous basis, public shareholding of at least 10% if the number of
outstanding listed shares of any class or kind of the company are two crore or more and the
market capitalization of such company in respect of shares of such class or kind is Rs.
1000 crores or more.
d. To increase public shareholding to 25% or 10%, as the case may be, within such period as
may be approved by the Specified Stock Exchange (SSE) but not exceeding two year if the
public shareholding is less than 25% or 10%, as the case may be.
e. Not to dilute in any way its public shareholding or not to make any allotment of its shares to
its promoters or entities belonging to its promoter group except for supervening extraordinary
events, including, but not limited to events specified below
(i) Issuance or transfer of shares in compliance with directions of a regulatory or statutory
authority or court or tribunal;
(ii) Issuance or transfer of shares in compliance with the SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 1997;
(iii) Re-organization of capital by way of a scheme of arrangement; and
(iv) Issuance or transfer of shares under a restructuring plan approved in compliance with the
Corporate Debt Restructuring System laid down by the Reserve Bank of India,
f. Not to make any offer to buyback its shares or buy its shares for the purpose of making
sponsored issuance of depository receipts or take any other step, including issuance of
depository receipts, if it results in reducing the public shareholding below the minimum
level of 25% or 10%, as the case may be.
(a) To inform stock exchanges at least 7 days in advance the board meeting fixed for taking
on record quarterly un-audited financial results.
(b) To advertise at least 7 days in advance in atleast one national newspaper in English and in
regional language, the day of board meeting or sub-committee meeting convened for
considering quarterly un-audited financial results.
(c) To furnish to the stock exchanges on a quarterly basis in the prescribed proforma within 3
months from the end of the quarter.
(d) To inform within 15 minutes of the closure of the board meeting or subcommittee meeting,
the placing of unaudited financial results.
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 Academic Guidance
(e) The board of the company to take on record the un-audited financial results and it should
be signed by Managing Director/Director.
(f) To advertise the un-audited financial results within 48 hours in newspapers in English and
in regional language.
(g) In the case of results for the last quarter of the financial year, if the company intimates in
advance to the stock exchanges that it will publish audited results within 3 months from the
end of the financial year, there is no need for publishing or furnishing to stock exchanges,
un-audited results for the last quarter.
Half-yearly results and (a) Half-yearly results shall, besides being approved by Board, be subject to a limited review
Limited review Report by the statutory auditors and shall be submitted to Stock Exchanges within 2 months after
by auditors the close of each half year along with review report.
(b) If the deviation is 20% or more, the Company shall send an explanatory statement to Stock
Exchanges along with review report.
Or
Intimate the stock exchanges in advance and publish audited half yearly financial results
within two months.
Auditors Qualification To disclose audit qualifications along with audited financial results with explanatory statement.
Quarterly reporting of The segment report should be furnished in the prescribed format along with quarterly un-
Segment wise audited financial results.
Revenue, results and
Capital Employed.
Consolidated Quarterly Option is available to publish consolidated results in addition to un-audited quarterly financial
Financial results of results of the parent company.
parent company
Annual Results To be published in the same format as prescribed for quarterly results.
Change of name due Company to disclose turnover and income from new activity for a period of 3 years alongwith
to new activity quarterly/annual results.
Explanation regar- (i) Furnish on a quarterly basis to the Stock Exchanges a statement indicating variations
ding variations in utili- between actual utilisation of funds/actual profitability and projected
sation of funds and utilisation of funds/ projected profitability. The projections referred above connote the
profitability. projections given in an offer document/explanatory statement for the purpose of issue of
Securities.
(ii) Such statement regarding variation is required to be furnished for all the years for which
projections were given in the offer document explanatory statement
(iii) Publish in newspapers such statement simultaneously with publication of unaudited/audited
financial results as required under Clause 41.
(iv) Furnish such statement also by way of advertisement and also in Directors Report if the
variations are material.
Clause 47 Appointment of Appoint a Company Secretary to act as compliance officer responsible for monitoring the
Company Secretary Share Transfer process and report to the Companys Board in each Meeting. Compliance
as Compliance Officer officer will directly liase with the authorities such as SEBI, Stock Exchanges, ROC etc. and
investors with respect to implementation of various clauses, rules, regulations and other directives
of such authorities and investor service and compliances of related matter.
Registration of share (i) Obtain certificate from Company Secretary in Practice, on half yearly basis, that the
Transfer securities lodged for transfer have been registered and despatched within 30 days from
the date of lodgment with the company within 15 days from the end of half year.
(ii) Send a copy of the same within 24 hrs of the time of receipt to all listed exchanges.
(iii) Intimate all the exchanges within 48 hrs from the time of receipt of information of loss of
certificate/closure time of Board (Committee) meeting.
Clause 49 Corporate Gover- a. Board of Directors and composition of Board
nance b. Code of conduct of Directors to be published on the website
c. Audit committee and its composition and frequency of its meeting.
d. Mandatory review of certain information by Audit Committee.
e. Subsidiary Companies
f. Disclosures
g. CEO/CFO Certification
h. Report on Corporate Governance, Quarterly compliance report
i. Compliance
Clause 50 Accounting Standards Company should comply with all the accounting standards issued by the Institute of Chartered
Accountants of India.
Clause 51 EDIFAR (Electronic Filing of information in the EDIFAR system in formats as prescribed by SEBI
Data Information
Filing and Retrival)
ROLE OF COMPANY SECRETARY
Company Secretary is the Compliance officer of the company who is responsible for monitoring the share transfer process and report to the
Companys Board in each meeting. The Compliance Officer directly liaises with the authorities such as SEBI, Stock Exchanges, ROCs and
Investors with respect to implementation of various clauses, rules, regulations and other directives of such authorities and investor service and
compliances of related matters. The management and compliance is the responsibility of employer Company Secretary.
The Company may undertake a transaction specific audit such as Audit under listing agreement from a Company Secretary in Practice, an
independent professional, to ensure compliance of all applicable rules, regulations, guidelines etc. issued by regulatory authorities.

7
 Academic Guidance
COMPANY LA
COMPANY W (INTER/FINAL)
LAW
I. THE COMPANIES (THIRD AMENDMENT)
REGULATIONS, 2006
[Issued by the Ministry of Company Affairs, Published in the
Gazette of India, Extraordinary, Part II, Section 3(i), vide GSR No.
556(E) dated 14.9.2006.]
In exercise of the powers conferred by sub-sections (5) and (8) of
section 25 and sub-section (2) of section 609 read with sub-section
(2) of section 610A of the Companies Act, 1956 (1 of 1956), the Central
Government hereby makes the following regulations further to amend
the Companies Regulations, 1956, namely :
1. (1) These Regulations may be called the Companies (Third Amend-
ment) Regulations, 2006.
(2) They shall came into force on the date of their publication in the
Official Gazette.
2. In the Companies Regulations, 1956,
(i) for regulation 25, the following shall be substituted, namely:
25. (1) Any person who wishes to inspect a document registered,
recorded or filed by or with the Registrar in pursuance of the Act, shall
apply to him for the purpose alongwith fee prescribed in that behalf
under clause (a) of sub-section (1) of section 610 of the Act.
(2) The applicant shall be allowed to inspect the document, which do
not form part of the electronic registry, only in presence of the
Registrar or of a person authorised by him in this behalf, and only
during office hours.
(ii) for regulation 31, the following shall be substituted,
namely :
31 The documents registered, recorded or filed with the Registrar
electronically or documents which have been scanned and digitised
and form a part of the electronic registry shall be available for inspection
only in electronic manner on payment of fee as prescribed under clause
(a) of sub-section (1) of section 610 of the Act.
Jitesh Khosla
Joint Secretary
II. THE COMPANIES (ELECTRONIC FILING AND
AUTHENTICATION OF DOCUMENTS) RULES,
2006
[Issued by the Ministry of Company Affairs, Published in the
Gazette of India, Extraordinary, Part II, Section 3(i), vide GSR No.
557(E) dated 14.9.2006.]
In exercise of the powers conferred by clause (a) of sub-section
(1) of sections 642 and 610B read with sections 610A and 610E of the
Companies Act, 1956 (1 of 1956), the Central Government hereby
makes the following rules, namely,
1. Short Title and Commencement
(1) These rules may be called the Companies (Electronic Filing and
Authentication of Documents) Rules, 2006.
(2) The Central Government hereby appoints the 16th day of Sep-
tember, 2006 as the date on which the provisions of these rules
shall come into force.
2. Definitions
In these rules, unless the context otherwise requires,
(a) Act means the Companies Act, 1956 (1 of 1956) ;
(b) Certifying Authority means a person who has been granted a
licence to issue a Digital Signature Certificate under section 24
of the Information Technology Act, 2000 (21 of 2000) ;
(c) digital signature means authentication of any electronic record
by a subscriber by means of an electronic method or procedure
in accordance with the provisions of Section 3 of the Information
Technology Act, 2000 ;
8
(d) Digital Signature Certificate means a Digital Signature Certificate
issued under sub-section (4) of section 35 of the Information
Technology Act, 2000 ;
(e) e-Form means a form in the electronic form as prescribed under
the Act or rules made thereunder and notified by the Central
Government under the Act ;
(f) electronic record means, electronic record as defined under
clause (t) of Section 2 of the Information Technology Act, 2000 ;
(g) electronic registry means an electronic repository or storage
system in which the information or documents are received,
stored, protected and preserved in electronic form ;
(h) Electronic Mail (e-mail) means messages sent, received or
forwarded in digital form via a computer-based communication
mechanism ;
(i) Registrar means a registrar as defined under sub-section (40)
of section 2 of the Companies Act, 1956 ;
(j) Registrars Front Office means an office maintained by the
Central Government or an agency authorised by it to facilitate e-
filing of documents into the electronic registry and their inspection
and viewing ;
(k) web means the world wide web, as defined in the Information
Technology Act, 2000;
(l) website means a location connected to the Internet that
maintains one or more web pages ;
(m) words and expressions used in these rules and not defined shall
have the meaning respectively assigned to them in the Companies
Act, 1956 and the Information Technology Act, 2000 (21 of 2000).
3. Filing and Authentication in the Electronic
Manner
(1) Every e-form or application or document or declaration required
to be filed or delivered under the Act and rules made thereunder, shall
be filed in computer readable electronic form, in portable document
format (pdf) and authenticated by a managing director, director or
secretary or person specified in the Act for such purpose by the use of
a valid digital signature:
Provided that where documents are required to be filed on Non-
Judicial Stamp Paper, the company shall submit such documents
accordingly in the physical form, in addition to their submission in
electronic form.
(2) Every managing director, director or secretary or person
specified in the Act for authentication of e-form, documents or
application, etc., which are required to be filed or delivered under the
Act or rules made thereunder, shall obtain a digital signature certificate
from the Certifying Authority for the purpose of such authentication
and such certificate shall not be valid unless it is of Class II or Class III
specification under the Information Technology Act, 2000.
4. Maintenance of Website
The Central Government shall set up and maintain
(i) a website or portal to provide access to the electronic registry;
and,
(ii) as many Registrars Front Offices as may be necessary and
at such places and for such time as Central Government
may determine from time to time, for filing of application e-
Forms, documents and applications, etc., viewing and
inspection of documents in the electronic registry.
5. Maintenance of Electronic Registry
(1) The Central Government, shall set up and maintain a secure elec-
tronic registry in which all the documents filed electronically shall
be stored. The electronic registry so set up shall enable public
access and inspection of such documents as are required to be
in the public domain under the Act on payment of the fees as
prescribed under the Act or the rules made thereunder.
 Academic Guidance
(2) Every document or application or certificate or notice, etc., re-
quired to be signed by the Registrar or an officer of the Central
Government under the Act or rules made thereunder, shall be
authenticated through a valid digital signature of such person or
a system generated digital signature.
(3) The Registrar or the Central Government, as the case may be,
may send any communication either to the company or its au-
thorised representative, directors or both in the electronic man-
ner for which the company shall create and maintain at all times
a valid electronic address (e.g., E-mail, user identification, etc.)
capable of receiving and acknowledging the receipt of such com-
munication, automated or otherwise.
6. Issue of Certificate, Approval, etc., in the Electronic
Manner
The Registrar or the Central Government shall issue certificate,
licence, receipt, approval or communicate endorsement or
acknowledgement in the electronic manner :
Provided that where the Registrar or an officer of the Central
Government, as the case may be, is not able to issue any certificate,
licence, receipt, endorsement, acknowledgement or approval in
electronic manner for the reasons to be recorded in writing, he may
issue such certificate, licence, receipt, or communicate endorsement,
acknowledgement or approval in the physical form under manual
signature affixing seal of his office.
Jitesh Khosla
Joint Secretary
III. DATE OF COMING INTO FORCE OF THE
PROVISIONS OF SECTION 4 OF THE COMPANIES
(AMENDMENT) ACT, 2006
[Issued by the Ministry of Company Affairs, Published in the
Gazette of India, Extraordinary, Part II, Section 3(i), vide SO No.
1529(E) dated 14.9.2006.]
In exercise of the powers conferred by sub-section (2) of section 1
of the Companies (Amendment) Act, 2006 (23 of 2006), the Central
Government hereby appoints the 16th day of September, 2006 as the
date on which the provisions of section 4 of the said Act, shall come
into force.
Jitesh Khosla
Joint Secretary
IV. DATE OF COMING INTO FORCE OF THE
PROVISIONS OF SECTIONS 2 AND 3 OF THE
COMPANIES (AMENDMENT) ACT, 2006
[Issued by the Ministry of Company Affairs, Published in the
Gazette of India, Extraordinary, Part II, Section 3(i), vide G.S.R.
648E dated 19.10.2006.]
In exercise of the powers conferred by sub-section (2) of section 1
of the Companies (Amendment) Act, 2006 (23 of 2006), the Central
Government hereby appoints the 1st day of November, 2006 as the
date on which the provisions of sections 2 and 3 of the said Act, shall
come into force.
Jitesh Khosla
Joint Secretary
BANKING AND INSURANCE LA W AND
LAW
PRACTICE
STUDY UPDATES
(To be incorporated in study Lesson No. 2)
KNOW YOUR CUSTOMER (KYC) GUIDELINES FOR
BANKS ANTI MONEY LAUNDERING STANDARDS2
In terms of the guidelines issued by the Reserve Bank of India
2. Prepared by Saurabh Jain, Education Officer, The ICSI.
9
(RBI) on 29th November, 2004 on Know Your Customer [KYC]
Standards Anti Money Laundering [AML] Measures, all banks are
required to put in place a comprehensive policy framework covering
KYC Standards and AML Measures. RBI introduced KYC guidelines
for all banks first time vide circular DBOD. No. AML.BC.18/ 14.01.001/
2002-2003 dated August 16, 2002. Later vide circular no.
DBOD.NO.AML.BC.58/14.01.001/2004-05 dated November 29, 2004,
RBI directed that all banks shall ensure that they are fully compliant
with the provisions of this circular before December 31, 2005. The
Prevention of Money Laundering Act, 2002 (PMLA) which came into
force from 1st July, 2005 (after rules under the Act were formulated
and published in the Official Gazette) also requires Banks, Financial
Institutions and Intermediaries to ensure that they follow certain
minimum standards of KYC and AML as laid down in the Act and the
rules framed there under.
KYC enables banks to know/ understand their customers and their
financial dealings to be able to serve them better and manage its risks
prudently.
OBJECTIVE OF KYC GUIDELINES
The objective of KYC guidelines is to prevent banks from being
used, intentionally or unintentionally, by criminal elements for money
laundering activities. KYC procedures also enable banks to know/
understand their customers and their financial dealings better which
in turn help them manage their risks prudently. Banks should frame
their KYC policies incorporating the following four key elements:
(i) Customer Acceptance Policy;
(ii) Customer Identification Procedures;
(iii) Monitoring of Transactions; and
(iv) Risk management.
For the purpose of KYC policy, a Customer may be defined as :
l a person or entity that maintains an account and/or has a
business relationship with the bank;
l one on whose behalf the account is maintained (i.e. the ben-
eficial owner);
l beneficiaries of transactions conducted by professional in-
termediaries, such as Stock Brokers, Chartered Account-
ants, Solicitors etc. as permitted under the law; and
l any person or entity connected with a financial transaction
which can pose significant reputational or other risks to the
bank, say, a wire transfer or issue of a high value demand
draft as a single transaction.
NEED FOR KYC
l To establish the identity of the client : This means identifying the
customer and verifying his/ her identity by using reliable, inde-
pendent source documents, data or information.
For individuals, banks are required to obtain identification data to
verify the identity of the customer, his address/ location and also
his recent photograph. This is to be done for the joint holders and
mandate holders as well.
For non-individuals, banks need to obtain identification data to:
1) verify the legal status of the legal person/ entity;
2) verify identity of the authorized signatories; and
3) verify identity of the Beneficial owners/ controllers of the
account.
l To ensure that sufficient information is obtained on the nature of
employment/ business that the customer does / expects to
undertake and the purpose of the account.
WHEN DOES KYC APPLY?
KYC is to be carried out at the following stages:
l Opening a new account.
l Opening a subsequent account where documents as per current
KYC standards have not been submitted while opening the initial
account.
l Opening a Locker Facility where these documents are not avail-
 Academic Guidance
able with the bank for all the Locker facility holders.
l When the bank feels it necessary to obtain additional information
from existing customers based on conduct of the account.
l When there are changes to signatories, mandate holders, ben-
eficial owners etc.
l KYC is also to be carried out in respect of non-account holders
approaching the bank for high value one-off transactions.
Customer Identification Procedure: In line with the RBI mandate,
the following features need to be verified and the relevant documents
must be obtained from customers:
Features Documents
Accounts of individuals
l Legal name and any (i) Passport (ii) PAN card (iii) Voters
other names used Identity Card (iv) Driving license (v)
Ration Card (vi) Identity card
(subject to the banks satisfaction)
l Correct permanent (i) Utility bill (ii) Bank account
address statement received by mail / courier
along with signature verification by
the Banker or a cheque drawn on that
account for a minimum amount as
specified by the Bank, deposited into
the account (iii) Ration card (iv) Letter
from employer (subject to
satisfaction of the bank)
Accounts of companies
l Name & registration - Certificate of incorporation and
details of the company Memorandum & Articles of
l Principal place of busi- Association
ness (registered address) -Latest Annual Return with the ROC
l Operating address of acknowledgement
the company -List of Directors and the Form 32s
l Telephone/Fax Number supporting their director status
-Resolution of the Board of Directors
to open an account and identi-
fication of those who have authority
to operate the account
-Power of Attorney granted to its
managers, officers or employees to
transact business on its behalf
-PAN proof for the Company
-Any utility Bill for the operating
address
-Identity and address proof as
applicable to accounts of individuals
for all signatories, the Managing
Director, the Chairman and
signatories to the Board Resolution
and all shareholders holding over
20% of the capital of the company
-KYC for any company which is a
significant shareholder of this
company.
Accounts of partnership
firms
l Evidence of Legal name -Registration certificate, if registered
l Evidence of Address OR any business registration docu-
(Registered and ment (e.g., Sales Tax Registration/
Operating) Service Tax Registration, Shops &
l Names of all partners Establishments Registration,
and their addresses Factory Registration etc)
l Telephone numbers of -Partnership deed copy
the firm and partners - Power of Attorney granted to any
employee of the firm to transact
business on its behalf
- Any utility bill in the firms name
10
evidencing its operating address
- KYC documents for all partners and
Power of Attorney holders
- PAN proof for the Firm
Accounts of trusts &
foundations
l Names of trustees, - Certificate of registration, if regis-
settlers, beneficiaries tered.
and signatories
l Names and addresses
of the founder, the -Any utility Bill for the Operating and
managers/directors and Registered address evidence
the beneficiaries - Trust Deed copy
l Telephone/fax numbers - Power of Attorney granted to any
employee to transact business on its
behalf
- Trust Resolution of the managing
body of the foundation/association
- KYC documents for the trustees,
signatories and all beneficial owners
with over 20% share.
TAX LAWS
LAWS
[2006] 287 ITR 62 (Mad) South India Surgical Co. Ltd. v. Assistant
Commissioner of Income-Tax 06.01.063
Facts:
South India Surgical Co. Ltd. is engaged in business of
manufacturing and marketing surgical instruments. It supplied goods
to Government hospitals from which amounts were due and were
written off by it as bad debts. The Assessing Officer disallowed the
claim of bad debts amounting to Rs.65,28,748/- under section 36(1)(vii)
of the Income-tax Act, 1961 on the ground that the Government could
not be a defaulter in respect of its debts duly acknowledged.
Issues:
Whether the disallowance of claim of bad debts by Assessing officer
was correct?
Decision:
The Section 36(1)(vii) of the Income-tax Act,1961 reads as follows:
36. Other deductions- (1) The deductions provided for in the
following clauses shall be allowed in respect of the matters dealt with
therein, in computing the income referred to in section 28-.
(vii) subject to the provisions of sub-section (2), the amount of any
bad debt or part thereof which is written off as irrecoverable in the
accounts of the assessee for the previous year.
The assessee has not made out any case to regard the debts as
irrecoverable. On a perusal of the correspondence produced by it which
was received from the concerned hospitals acknowledging that they
are due to pay these amounts to the assessee. It was only paucity of
allocated budget to the hospitals that resulted in non-payment and it
is contrary to consider that Government is not in a position to discharge
its acknowledged debt. A time-barred debt can be assumed to be
bad, but is not necessarily bad because of expiry of limitation for
recovery of the same.
The judgment of assessee in regarding the debts as bad debts, in
the books of account, is only regarded as a convenient judgment to
suit his claim, but not an honest judgment having regard to the financial
position of the hospitals. On the contrary, the assessee was still carrying
on business with all these debtors and receiving payments.
Thus, in absence of any material to show that the amounts are not
recoverable, the debts claimed by the assessee as bad had not become
bad and is not allowable as deduction under section 36(1) (vii) of the
Income-tax Act,1961.
3. Prepared by Mamta Goel, Assistant Education Officer, The ICSI.
 Academic Guidance
2006 (203) E.L.T. 407 (Tri.- Bang.) In the CESTAT, South Zonal
Bench, Banglore Indian Telephone Industries Ltd. v. Collector of
C. Ex., Cochin3
Facts:
Indian Telephone Industries Ltd. supplied Electronic Automatic
Exchange, a telecommunication equipment, as stores for the purpose
of communication on the board a vessel of Indian Navy and got fitted
in building a vessel of Indian Navy. It claimed the exemption under
Notification No.70/77-C.E. dated 07-05-1977 which reads as follows:
Indian Navy- Exemption from Additional Duties to excisable
goods supplied as stores.
In exercise of the powers conferred by sub-rule (1) of Rule 8 of the
Central Excise Rules, 1944, read with sub-section (3) of the Additional
Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957),
the Central Government hereby exempts excisable goods supplied as
stores for consumption on board a vessel of the Indian Navy from the
whole of the duty of excise leviable thereon.
Amendment by Notification No. 347/86- C.E, dated 18-06-1986.
In the above Notification the following changes were made, namely:-
(a) after the words excisable goods, the brackets and words (other
than cigarettes) were inserted.
(b) After the words leviable thereon the words, figures and brack-
ets under the Central Excises and Salt Act, 1944 (1 of 1944) and
the Additional Duties of Excise (Goods of Special Importance)
Act, 1957 (58 of 1957) were inserted.
3. Prepared by Mamta Goel, Assistant Education Officer, The ICSI.
Issues:
Whether the telecommunication equipment be considered as stores
under Customs Act and whether exemption under Notification No. 70/
77-C.E. dated 07-05-1977 be available?
Decision:
As per the above mentioned Notification, exemption is available to
the excisable goods supplied as stores for consumption
The definition of stores under section 2(38) of The Customs Act,
1962 is as follows:
stores means goods for use in a vessel or aircraft and includes
fuel and spare parts and other articles of equipment, whether or not
for immediate fitting.
It is clear that Electronic Automatic Exchange is an article of
equipment to be used in the Naval Ship for immediate fitting on board
of a vessel and is meant for communication purposes of ships crew
on board the vessel and even articles of equipment can be considered
as stores & it is not necessary that stores means only items, which
are eaten or ingested by human beings.
The other requirement for exemption is the consumption on board
of vessel. As the word consume means to use something and a
consumer uses various types of goods even goods which have very
long life like the telecommunication equipment, it is clear that the
equipment is an item of consumption on board of vessel.
Since the stores cover telecommunication equipment and is meant
for use in the vessel i.e., consumption, the benefit of Notification cannot
be denied and is available in respect of Electronic Automatic Exchange
which is to be fitted in the Naval Vessel for communication.

ATTENTION ALL STUDENTS APPEARING IN THE CS INTERMEDIATE EXAMINATIONS

FROM JUNE, 2007 SESSION ONWARDS
COMPULSORY COMPUTER TRAINING SCHEME
In the Company Secretaries Regulations, 1982, for regulation 40, the following regulation shall be substituted, as published in the Gazette of India(Extra
Ordinary) vide Notification No. ICSI/710/1(M)/1 dated 3rd May, 2006.
40 Admission to the Intermediate Examinations -
No candidate shall be admitted to the Intermediate examination unless he/she :-
- (a) is a registered student and produces a certificate from the head of the coaching administration ( by whichever name designated) to the effect that he has
undergone satisfactorily a course of postal or oral tuition for the Intermediate examination; and
- (b) has successfully completed computer training program as may be specified from time to time by the Council and in the manner so specified or
exempted there from;
- (c) applies with such examination fee as may be determined by the council from time to time so as to reach the Secretary, in accordance with the
directions given by the Council.
In terms of the aforesaid amendment in the Company Secretaries Regulations, 1982, all students are required to successfully undergo a Compulsory
Computer Training Programme for becoming eligible for appearing in the CS Intermediate Examinations from June, 2007 examinations onwards.
The Institute, in compliance of the aforesaid amendments, has tied up with M/s NIIT through which 70 hours of computer training shall be provided to the
students/members of the Institute in all Centres of NIIT all over the country. To undergo this course, a student/member has to approach any NIIT Centre on
all India basis. To take admission, he/she has to deposit the requisite fees at the respective NIIT Centre and fulfill the formalities as per the requirements of
the Computer Training Centre.
The list of NIIT Centres including detailed course contents, module details and topic-wise time duration etc. have been published on the website of the
ICSI i.e. www.icsi.edu under FAQ.
Salient features of the course in brief : -
Title of the Course Understanding Information Technology in Corporate Environment.
Duration of the Course 70 Hours
Fee Rs.3000 per participant for General Category & Rs.2500 per participant for SC/ST Category
Note : Service Tax as per the GOI rules applicable from time to time shall be paid in actual by the participant
A student can be exempted from undergoing the course on the basis of his existing qualification/degree in the computer field subject to the conditions that he
or she enrolls himself/herself for an online exemption test (to be conducted by NIIT) at any of the NIIT Centre on all India bases and successfully clears the test.
A fee of Rs.450 plus Service Tax, etc. per student is payable for online test which is applicable for a maximum of TWO attempts within a period of one month.
The Course is open to all the students and members of the ICSI.
Computer Training will be compulsory and pre-requisite for all the students intending to appear in the Intermediate Examination from December, 2007
session onwards. No student will be allowed to appear at the Examination to be held from December, 2007 session onwards unless he/ she successfully
completes the Computer Training.
However, a student may be permitted PROVISIONALLY to appear in the June, 2007 session only without completing the computer training with the
condition that, he/ she will complete the Computer Training before seeking enrollment to Final Examinations.

11
 Legal World
LEGAL WORLD
Compiled by T.K.A. Padmanabhan, FCS, Advocate, New Delhi.
CORPORATE LAWS
LW(S) 01.01.2007
JAYPEE GREENS LTD., IN RE [(2006) 134 Comp Cas 542 (All)],
Sunil Ambwani,J. [Decided on 8.8.2006]
Companies Act, 1956- Section 394- Amalgamation of companies-
Increase in authorized capital-Merging of authorized capital of
the transferor company with transferee company- Whether stamp
duty to be paid- Held, No. whether separate procedure to be
followed for increasing the authorized capital- Held, No.
Brief facts: The transferor company Jaypee Greens Ltd (JGL) merged
with the transferee company Jaypee Associates Ltd (JAL). The
authorized capital of JGL of Rs.8000 lakhs was added to the authorized
capital of Rs.98,000 lakhs of JAL as per the scheme of amalgamation.
The Regional Director raised an objection that stamp duty has to be
paid for the increase in the authorized capital of JAL and that separate
procedure has to be followed for the increase in the authorized capital.
Decision: Objections overruled.
Reason: The whole purpose of section 391 is to reconstitute the
company without the company being required to make a number of
applications under the Companies Act for various alterations which
may be required inn the MoA and AoA for functioning as a reconstituted
company under the scheme. The company, therefore, not required to
make a separate application under the Companies Act for alteration
of its MoA to show the new share capital. Such an alteration can be
sanctioned under the scheme itself. It is found that combined authorized
capital of the amalgamated company does not exceed the authorized
capital of the two companies calling for any further fees or stamp duty
to be paid.
LW(S) 02.01.2007
PASUPATHI SPINNING & WEAVING MILLS LTD v. INDUSTRIAL
FINANCE CORPORATION OF INDIA & ORS [(2006) 134 Comp Cas
600 (P&H)], Hemant Gupta, J. [ 28.9.2006]
Sections 391-394 of Companies Act, 1956 read with SICA, 1985
Scheme of arrangement while the company is under BIFR-
Rehabilitation scheme of the BIFR covering the arrangement-
company working out a scheme of arrangement with first charge
holders- company sought directions from the court to convene
the meeting of first charge holders for the approval of the scheme-
Whether direction convening the meeting to be given - Held, No.
Brief Facts: The petitioner company became sick company and was
registered with the BIFR. Operating agency was appointed and
rehabilitation scheme was framed by the BIFR. Meanwhile, the
company proposed a scheme of arrangement only with its lenders
having first charge on its properties. The petitioner sought directions
to hold the meeting of first charge holders.
Decision: Petition dismissed.
Reason : The BIFR under section 17(3) of the SICA had appointed an
operating agency to prepare a scheme for providing such measures
in relation to the petitioner company so as to make its net worth exceed
the accumulated losses within a reasonable time. Section 19 of the
SICA contemplated that where the scheme related to preventive,
ameliorative, remedial and other measures with respect to any sick
industrial company, the scheme may provide for financial assistance.
Since section 19(4) contemplated that, if consent under sub-section
(2) was not given by any person required by the scheme to provide
financial assistance, the BIFR may adopt such other measures
including the winding up of the sick company as it may deem fit.
Section 32 of the SICA unambiguously contemplates that the provisions
of the Act, Rules or the scheme if inconsistent with any other law
shall prevail over any other law.
14
Since the provisions of the SICA will prevail over the provisions of the
Companies Act in case of inconsistency in terms of section 32 of the
SICA, it is premature for the petitioner to seek directions for a meeting
of the first charge holders as the BIFR is still seized of the matter and
the operating agency was considering the preparation of a scheme
under the SICA.
LW(S) 03.01.2007
PRATIMA PAL & ORS v. NABA PRESS P. LTD & Ors [(2006) 134
Comp Cas 617 (CLB)], S.Balasubramanian, Chairman. [Decided
on 12.6.2006]
Companies Act,1956- Section 111(4) - Rectification of members
register- Transmission of shares in the name of petitioners were
pending- Fresh allotment of shares to the exclusion of petitioners-
Whether allotment could be set aside- Held, yes.
Brief Facts: The first petitioner was the major shareholder of the
company and the other respondents were the legal heirs of her
deceased son K. The transmission of shares standing in the name of
K was pending as the company was refusing to transmit the same.
Meanwhile, the company allotted 500 shares to Respondents 2 to 5 to
the exclusion of the petitioners. The petitioners moved the CLB for the
cancellation of allotment of 500 shares.
Decision: Petition allowed.
Reason: The contention that the allotment of shares could not be
agitated in a petition under section 11 of the Act could not be accepted
as section 111(4) was earlier part of section 155 in which allegations
relating to both allotment and transfer of shares could be agitated.
After assimilation of provisions of section 155 in section 111 the position
is not changed. Therefore even allotment of shares could be challenged
under section 111(4) of the Act.
After recording a finding that the petitioners had never received the
notice of offer for additional shares, the CLB ordered the cancellation
of the 500 shares thus additionally issued and accordingly to rectify
the members register.
LW(S) 04.01.2007
AJIT JAYANTILAL SHETH v. SHRIRAM TRANSPORT FINANCE CO.
LTD [(2006) 72 SCL 359 (CLB)], K.K.Balu, VC. [Decided on
30.5.2006]
Companies Act, 1956- Section 113- Issuance of duplicate share
certificates- Whether CLB has jurisdiction to issue direction- Held,
No.
Brief Facts: The petitioner lodged several share certificates along
with share transfer form with the company for recording the transfer
thereof in his name. The company transferred certain shares and
returned the remaining share certificates to the third respondent who
is a member of the stock exchange, allegedly without any authority
from the petitioner. The legality of the custody of shares with the third
respondent was under legal dispute in a suit. Meanwhile, the petitioner
moved the CLB seeking directions to the company to issue duplicate
share certificates with respect to the share certificates in custody of
the third respondent.
Decision: Petition dismissed.
Reason: Under section 113, the CLB has no power to give directions
for issuance of duplicate share certificates. The provision for issue of
duplicate share certificate has been prescribed under rule 4(3) of the
Companies (Issue of Share Certificates) Rules, 1960. Therefore, the
relief of issue of duplicate share certificates falls out side the ambit of
section 113.
LW(S) 05.01.2007
Pasupati Acrylon Ltd., In Re [(2006) 72 SCL 408 (All)] Sunil
Ambwani, J. [Decided on 17.1.2006]
Companies Act,1956-Section 101- Capital reduction- CDR
recommending reduction of capital company accordingly
reduced its capital- Petition filed before the High Court for
 Legal World
confirmation- whether such capital reduction to be confirmed- get information from the employer or not, on the available records, the
Held, Yes. Corporation could determine the arrears. So, the non availability of
Brief Facts: The petitioner company opted for the Corporate Debt the records after five years, as per the Regulation, would not debar
Restructuring scheme (CDR) with its bankers. Accordingly 10% of the the Corporation to determine the amount of arrears. Therefore, if the
equity capital of the company was to be reduced. The reduction of provisions of Section 45A are read with Section 45B of the Act, then,
capital was approved by the board of directors as well as by the share the determination made by the Corporation is concerned. It may not
holders. Secured creditors i.e. banks agreed to reduce interest on be final so far as the employer is concerned, if he chooses to challenge
loan. The reduction of capital resulted in the increase of promoters it by filing an application under Section 75 of the Act. If the employer
stake in the company which was a pre condition to CDR. The company fails to challenge the said determination under Section 75 of the Act
filed a petition for confirmation of the reduction of capital. before the court, then the determination under Section 45A becomes
final against the employer as well. As such, there is no hurdle for
Decision: Reduction confirmed. recovery of the amount determined under Section 45B of the Act, by
Reason: Upon perusal of the record, the proposed reduction of capital invoking the mode of recovery, as contemplated in Sections 45C to
of petitioner company deserved to be confirmed. Accordingly, the 45-1.
reduction of issued and paid up equity share capital of the petitioner, A" reasonable period" would depend upon the factual circumstances
as approved by the share holders vide special resolution passed in of the case concerned. There cannot be any empirical formula to
the annual general meeting is to be confirmed and the minute determine that question. The court/authority considering the question
confirming the reduction is approved. whether the period is reasonable or not has to take into account the
surrounding circumstances and relevant factors to decide that question.
GENERAL LAWS The inevitable conclusion, therefore, is that the view of the Full
Bench of the Kerala High Court is not correct and that of the Madras
LW(S) 06.01.2007 High Court is correct.
B.S.BAKSHI v. STATE & ANR [134(2006) DLT 707], A.K.Sikri, J.
[Decided on 30.10.2006] NOTIFICATION
ICSI NO. 1 OF January, 2007
Section 138 of the Negotiable Instruments Act, 1881 read with
section 69 of the Indian Partnership Act,1932 - Cheque dishonour- In accordance with the "Merit-cum-Means Assistance (Company
Complainant was an unregistered partnership firm- Whether Secretaryship Course) Scheme, 1983", as in force, the following
complaint to be dismissed- Held, No. students have been selected for award of "Merit-cum-Means
Brief Facts: The respondent was an unregistered partnership firm Assistance" for Intermediate and Final Courses on the basis of
and had filed a complaint against the petitioner for the dishonour of result of Foundation and Intermediate Examinations, June, 2006
cheque. The trial court took cognizance of the offence and issued and fulfilling the eligibility criteria :
summons on the petitioner. The Petitioner assailed the summons
before the High Court. SI. No. Name of the student Student Regn. No.
Decision: Petition dismissed.
FOR INTERMEDIATE COURSE
Reason: Insofar as the non maintainability of the complaint on the
ground that the complainant is not a registered partnership firm is 1. Ms. Neha Jain WR0445233/08/2006
concerned, it is misconceived argument inasmuch as Section 69 of 2. Ms. Swati Dodhi NR0496101/08/2006
the Partnership Act has no application to criminal cases. The Kerala 3. Mr. Arjun NR0499241/08/2006
High Court in the case of Abdul Gafoor v. Abdurrahiman, 1999 (2)KLT 4. Ms. Sonam Gupta NR0501526/08/2006
634, decided this issue, which was also a case under Section 138 of 5. Mr. Vighneshwar M. Bhat SR0361673/08/2006
the Act.
6. Mr. Yudhveer NR0503843/08/2006
Insofar as second contention is concerned, that raises disputed
7. Mr. Ravinder Kumar NR0503253/08/2006
questions of fact, it is not denied that the cheque in question, which is
dishonoured, was in the name of M/s.Madan Brick & Co. Under what 8. Mr. Sachin Khera NR0501037/08/2006
circumstances this cheque was given would be a matter of evidence 9 Ms. Kirti Mukeshkumar Gohil WR0453455/08/2006
and it would be open to the petitioner to raise his defence in this respect. FOR FINAL COURSE

LABOUR & INDUSTRIAL LAWS 10. Mr. Auti Akshay Chandrakant WR0418305/08/2005
11. Mr. Manas Jolly NR0456504/08/2005
LW(S) 07.01.2007
12. Mr. Prashant Kumar Jain SR0329971/08/2005
E.S.I.C. v. C.C.SANTHAKUMAR [JT 2006 (10) SC 549], Arijit Pasayat
& Tarun Chatterjee, JJ. [Decided on 21.11.2006]
File No. 207: Exams: J2006 BY ORDER OF THE COUNCIL
ESIC Act, 1948- Employer's contribution- Recovery thereof Whether New Delhi 110 003
arrears of contribution beyond 5 years recoverable- Held, yes. Dated the 1st January, 2007 (N K JAIN)
Brief Facts: Facts are immaterial for this case. The important question (SECRETARY & CEO)
of law involved in this case was what is the limitation period for recovery
of employer's contribution? In this regard the Madras High Court had
held that the ESI Corporation can recover employers contribution even
Attention Students!
after the lapse of five years while the Kerala High Court had held that REVISION OF EXAMINATION FEE FROM DECEMBER, 2006
arrears beyond five years could not be recovered. The Examination Fee stands revised from December, 2006
Decision: Appeal allowed. session of examination as under :
Reason: The Legislature has provided for a special remedy to deal 1. Foundation Exam : Rs. 875 (Lumpsum)
with special cases. The determination of the claim is left to the
Corporation, which is based on the information available to it. It shows 2. Intermediate Exam : Rs. 900 (Per Group)
whether information is sufficient or not or the Corporation is able to 3. Final Exam : Rs. 750 (Per Group)

15
 Student Services
STUDENT SERVICES
REGISTRATION AND POSTAL TUITION
1. CANCELLATION OF REGISTRATION
Registration of students registered upto and including February,
2002 stands terminated on expiry of five-year period on 31st January,
2007 leading to the following immediate consequences :
(a) Supply of Student Company Secretary bulletin will be discontin-
ued from February, 2007 onwards.
(b) Response sheets will not be accepted even if submitted and
coaching completion certificates will not be issued (after the ex-
piry of registration period)
(c) They are not eligible to appear in the examination to be held in
June,2007.
They are advised to apply for registration de novo/extension of
registration as per the guidelines published in this bulletin.
2. CHANGE OF ADDRESS
Change of address, if any, should be intimated to the Institute by
sending a separate letter in this regard. While intimating the change in
their mailing address, the students are advised to invariably quote the
PIN CODE number alongwith the student registration number, name
and full postal address with city, state in capital letters.
PIN CODE is required to be mentioned for quick delivery of the
mail. Students may, therefore, check up the computerised mailing
address as printed on the Student Company Secretary bulletin. In
case, it does not carry or carry the wrong PIN CODE number, the
same may be intimated immediately quoting student registration
number and full postal address with Postal Index Number so that it
could be incorporated in the computerised mailing list.
3. STUDENTS IDENTITY CARD
All the students appearing in the examination must hold Identity
Card in the manner prescribed by the Institute, if not already obtained
at the time of seeking registration. For obtaining the Identity Card,
students are advised to obtain a proforma from the Headquarters/
Regional Offices of the Institute and send it again to the Institute duly
filled up and attested as per instructions given in the prospectus/
registration letter.
Students who have so far not obtained Identity Cards are advised to
write to the Institute immediately. The students should carry their Identity
Cards without fail for appearing in the Institutes examination. If the
Identity Card already issued has been lost or mutilated, student should
send a request for obtaining duplicate Identity Card together with the
mutilated Identity Card/Identity Card proforma duly filled in and attested
together with Rs. 50/- towards duplicate Identity Card fee.
4. COMPULSORY ENROLMENT FOR FINAL COURSE
Students who have passed/completed both groups of Intermediate
examination are advised to seek compulsory enrolment for undergoing
coaching for the Final course on payment of Rs.4200/- towards postal
tuition fee.
Please note that a student is admitted to the final examination only
after a minimum period of nine calendar months has elapsed since
his/her passing the Intermediate examination and subject to completion
of coaching and fulfillment of other requirements.
5. COMPANY SECRETARIES EXAMINATION JUNE,
2007.
I. EXAMINATION FEE:
Foundation : Rs.875 (Lumpsum)
Intermediate : Rs.900 (Per group)
Final : Rs.750 (Per group)
Students seeking paperwise exemption for the first time (on
16
qualification basis) are required to remit the exemption fee @ Rs.100
per subject in addition to the examination fee on or before the last
date.
II. ELIGIBILITY FOR APPEARING IN THE INTERMEDIATE
EXAMINATION :
In terms of regulation 33 of the Company Secretaries Regulations,
1982, students registered upto and including August, 2006 are eligible
to appear in both groups of the Intermediate examination to be held in
June, 2007 subject to completion of coaching and Computer Training
and fulfilment of other conditions laid down in the regulations. However,
candidates registered as students upto and including the month
November, 2006 are eligible for appearing in any one group in June,
2007 session (i.e. either in Group-I or Group-II) subject to fulfilment of
other conditions as laid down in the regulations.
III. ELIGIBILITY FOR APPEARING IN THE FINAL
EXAMINATION :
In terms of regulation 43 of Company Secretaries Regulations,
1982, students who have passed/completed both groups of the
Intermediate examination upto and including June, 2006 are eligible
to appear in all the three groups or in combination thereof in any two
groups of the Final examination to be held in June, 2007 subject to
completion of coaching and fulfilling other conditions as laid down in
the regulations.
IV. LAST DATE FOR RECEIPT OF ENROLMENT
APPLICATIONS
The last date for receipt of applications for enrolment to the June,
2007 examination, complete in all respects, together with the requisite
examination fee in the Institute, is 26th March, 2007 (25th March,
2007 being a holiday). However, enrolment applications accompanied
with late fee of Rs. 100/-, if received in the Institute after the closing
date, but on or before 9th April, 2007 will be entertained.
Students who could not be enrolled in the earlier examination owing
to late receipt of enrolment application, cancellation of registration
etc. and whose examination fee was kept at credit, are advised to
send fresh enrolment applications requesting therein for the adjustment
of amount at their credit together with the balance of examination fee,
if any. Formal application along with the original letter issued by the
institute showing credit amount, must reach the Institute on or before
the closing date as otherwise such students shall not be enrolled for
appearing in June, 2007 examination.
No other remittance/letter/query should be clubbed with the
enrolment application/examination fee.
6. CLARIFICATION REGARDING PAPERWISE EXEMPTION
(a) The paperwise exemption is granted only on the basis of specific
request received in writing from a registered student along with
the attested photocopies of marks sheets for all parts of the De-
gree/examination (on the basis of which the paperwise exemp-
tion is sought) and the exemption fee @ Rs. 100/- per paper. It is
one time payment and not to be remitted for availing of paper
wise exemption in every session of examination during the valid-
ity of registration period.
(b) The application for claiming paperwise exemption must reach
the Institute on or before the last date for submission of enrol-
ment application i.e. 25th March and 25th September for June and
December examinations respectively and with a late fee of Rs.
100/-, the application can be accepted upto 9th April and 10th
October respectively.
(c) The paperwise exemption once granted holds good during the
validity of registration period or passing/completing the examina-
tion, whichever is earlier.
(d) The paperwise exemption is cancelled only on receipt of a specific
request in writing from the student concerned on or before the
last date for submission of the enrolment application. If any
candidate appears in the exempted paper(s) of examination
without receiving the written confirmation from the Institute, but
 Student Services
by making personal representation, appeal, request, etc., at the
Examination Centre at the last moment, his/her appearance in
such paper(s) shall automatically be treated as cancelled.
(e) It may be noted that candidates who apply for grant of paper wise
exemption or seek cancellation of paper wise exemption already
granted, before the last date of submission of enrolment
applications for a particular examination, must see and ensure
that they receive written confirmation from the Institute at least
15-20 days prior to the commencement of the examination.
Candidates who would presume automatic grant or cancellation
of paper wise exemption without obtaining written confirmation
on time and absent themselves in any paper(s) of examination
and/or appear in the exempted paper(s) would do so at their own
risk and responsibility and the matter will be dealt with as per the
above guidelines.
(f) Exemption once cancelled on request in writing shall not be
granted again under any circumstances.
(g) The candidates who have passed either group of the Intermediate/
Final examination under the old syllabus, may claim the paperwise
exemption in the corresponding subject(s) of new syllabus
indicating the basis of exemption as APO in the appropriate
column of the enrolment application.
(h) In case the paperwise exemption has already been granted on
the basis of qualification or the candidates is eligible for grant of
exemption on the basis of securing 60% or more marks, a
photocopy of the letter/marks-sheet issued by the Institute should
be enclosed with the enrolment application while claiming such
exemption, failing which the same may not be granted for the
ensuing examination.
(i) No exemption fee is payable for availing paperwise exemption on
the basis of APO or on the basis of securing 60% or more marks
in the Institutes examination.
(j) Paperwise exemption fee is payable only when the exemption is
to be availed on the basis of qualification(s) specified for the
purpose.
7. EXEMPTION FROM COMPUTER TRAINING
A student can be exempted from undergoing the Computer Training
on the basis of his existing qualification / degree in the computer field
and qualifies the need of Course Contents Syllabus as scheduled by
NIIT for C.S. Students, subject to the condition that he or she enrolls
himself / herself for an online exemption test (to be conducted by
NIIT) from any of the NIIT Center on all India basis and successfully
clears the same.
8. COMPLETION OF COACHING AND FILLING UP
OF EXAMINATION FORMS
At times queries are received by the Institute from the students with
regard to filling up of examination forms for want of issue of coaching
completion certificate. It is clarified that students (i) who are undergoing
oral coaching, and (ii) students who have submitted or re-submitted
their response sheets and/or would be submitting or re-submitting the
response sheets within the stipulated period, are eligible to fill up the
examination forms for the respective session of examination Such
students need not withhold the submission of their examination forms
for want of coaching completion certificates. The students concerned
are advised to make a note in the application form to the effect that they
are undergoing oral coaching/have submitted response sheets and are
awaiting coaching completion certificates. Since there cannot be any
change with regard to the closing date for submission of examination
forms, students need not wait for the issue of coaching completion
certificates for filling up their examination forms. They are advised to
mention against the appropriate column in the enrolment application
form that coaching completion certificates are being awaited.
Students who were issued with limited permission letters, for
appearing in December, 2006 examination, are advised to submit the
deficient response sheets immediately as such students, if failed, will
17
not be allowed to appear in June, 2007 examination, unless they are
issued with the regular coaching completion certificate(s) for the
group(s) for which limited permission letter was issued.
Students who secure 35% or more marks in aggregate and 30%
marks in individual paper in a group in December, 2006 examination,
are advised to submit photocopy of the marks sheet for the issue of
Coaching Completion Certificate, if eligible.
9. SUBMISSION OF RESPONSE SHEETS FOR JUNE,
2007 EXAMINATION.
The last date for receipt of response sheets, including
resubmission, if any, from the students who wish to be enrolled for the
June, 2007 examination is 28.02.2007. Students are advised to send
the response sheets to the Institute in a regular flow without waiting
for the last date. The last date mentioned above is just an indicator for
students who suitably plan their submission. This will not only give the
Institute reasonable time to get the response sheets evaluated in time
but also an opportunity to the students to resubmit the response sheets
in which they have failed to obtain a minimum of forty per cent marks.
Students are advised to get acknowledgement from the Institute for
the response sheets sent by attaching a self addressed stamped post
card. It may be noted that credit is given for the response sheets
received in the Institute on or before the stipulated due date, as above.
Name of student, registration number, subject, test paper number,
number of sheets used and postal address with PIN code number
should be written on the title sheets attached with each response sheet.
The above information may also be indicated on the first , middle and
last pages of each response sheet besides mentioning the Registration
Number on each page on the right hand corner on top. It will facilitate
early evaluation and return of the evaluated response sheets. It may
be noted that no response sheet will be entertained by the Institute in
the absence of above information. Accordingly, no credit will be given
to students of such response sheets received by the Institute.
Students are also advised to write the subject/paper, number of
sheets used and examination correctly on the title sheet before sending
the response sheets to the Institute. Similarly, relevant title sheets
may be appended with them. There are separate title sheets for
Foundation, Intermediate and Final course. Even when the response
sheets are sent in a bunch, complete particulars are to be given on
each title sheet and first, middle and last pages of each response
sheet. No cognizance of the response sheets will be taken if the
student fail to comply with the above instructions. It is emphasized
that separate title sheets are to be attached with each response sheet.
Students are aware that the Institute has made arrangements for
acceptance of response sheets for Foundation, Intermediate and Final
Course in its Regional/Chapter Offices in Ahmedabad, Bangalore,
Kolkata, Chennai, Delhi, Hyderabad, Jaipur, Kanpur, Mumbai, Madurai
and Pune. Students located in and around these cities are advised to
contact and submit their response sheets in the respective Regional/
Chapter offices.
10. IMPORTANT
While making any correspondence regarding examination, the
students are advised to quote the following particulars for taking prompt
action :
i) Name in full (ii) Student Registration number (iii) Stage of exami-
nation (Intermediate/Final) (iv) Group opted (v) Centre opted (vi)
Particulars of fee remitted, i.e. Demand Draft (printed) number,
date , amount, name of the bank and its branch (vii) Date and
mode of despatch of enrolment application and their complete
address with PIN code, telephone number, mobile number or e-
mail address.
In case of any specific problem/complaint regarding registration,
post-registration, students services and postal/oral coaching, students
may contact personally or write to Sohan Lal, Joint Director and for
academic guidance and suggestions, if any, students may write to
V K Aggarwal, Principal Director, at the Institutes address.
 Student Services
ATTENTION STUDENTS
INTENDING TO APPEAR IN COMPANY SECRETARIES
EXAMINATION JUNE, 2007
1. (a) Last date for receipt of Examination 26.03.2007*
application in the Institute
(b) With a late fee of Rs. 100 09.04.2007
2. Examination fees
Foundation Rs.875 (Lumpsum)
Intermediate Rs.900 (Per group)
Final Rs.750 (Per group)
3. Last date for seeking paperwise 26.03.2007*
exemption
4. Last date for seeking extension 26.03.2007*
of registration/registration de-novo
*(25- 03-2007 being a holiday)
Notes :
I. The examination fee stands revised as above.
II. Examination fee is payable on groupwise and not on paperwise
basis for intermediate/Final examinations.
III. All students appearing in the Intermediate examination are re-
quired to complete successfully the Computer Training before
filling up the examination form EXA
IV. The students who have submitted/ would be submitting all the
response sheets within the stipulated time, may submit their en-
rolment applications for appearing in the examination pending
issue/receipt of the coaching completion certificates. But coach-
ing completion certificate would be issued only when they have
successfully completed the coaching for the group(s) concerned.
V. Please note that unsigned, incomplete and applications not filled
in their own handwriting by the students will not be accepted.
VI. No change of group(s) will be allowed after submission of the
enrolment application.
VII. No request for change of medium for writing the examination will
be entertained after submission of the enrolment application.
VIII. No cutting and over writing is to be done in the examination form.
IX. No request for grant/cancellation of paperwise exemption shall
be entertained after the last date i.e. 25th March/25th September
for June/December examination respectively.
X. No request/correspondence for withdrawal of application
from appearing in the examination or adjustment of amount
for the next examination shall be entertained after submis-
sion of the examination form under any circumstances.
Students are, therefore, once again advised to fill in the enrolment
applications/examination forms EXA carefully to avoid last moment
problem for themselves as well as for the Institute.
All the students appearing in the examination are required to enclose
the photocopies of the following documents with their enrolment
application forms :
1. Certificate for completion of Computer Training issued by the re-
spective centre.
2. Letter granting the paperwise exemption (wherever paperwise
exemption has been granted on the basis of qualification).
3. Marks-sheet for availing paperwise exemption on the basis of
securing 60% or more marks in the earlier examination of the
Institute.
4. Original letter issued by the Institute showing the credit balance,
if any, for adjustment towards the examination fee.
5. Coaching Completion Certificate, if already issued from the
Institute.
18
6. It is again emphasised that students who have already been
granted exemption in any paper included in the group for which
the enrolment has been sought, must indicate in the appropriate
column of the enrolment application and enclose a photocopy of
the letter issued by the Institute granting such exemption. Similarly,
in those cases where the student has applied for exemption for
the first time, the same must also be indicated in the appropriate
column of the enrolment application form along with the attested
photocopies of the relevant marks sheets and the exemption fee.
7. In case, student is interested in cancellation of exemption which
has already been granted to him, a separate request should be
made for the same along with the enrolment application. Please
note that once paperwise exemption is cancelled, it shall not be
restored/reviewed under any circumstances.
8. No exemption fee is payable for availing of paperwise exemption
on the basis of APO (already passed under old syllabus) or
securing 60% or more marks in the Institutes examination.
XI Mode of Payment : Students who intend to pay the fees by
demand draft may please ensure that it should be crossed and
drawn in favour of The Institute of Company Secretaries of
India, payable at New Delhi.
XII Students Identity Card : All the candidates appearing in the
Company Secretaries Examination are advised to timely complete
necessary formalities for obtaining their identity cards duly
countersigned by the issuing authority of the Institute as per
instructions published in the prospectus Career in Company
Secretaryship A Handbook.
EXAMINATION
1. DECLARATION OF DECEMBER, 2006
EXAMINATION RESULTS
The results of the Foundation Course, Intermediate and Final
examinations of the company secretaries held in December, 2006
are scheduled to be declared at 4.00 P.M. on 25th February, 2007. As
in the past, the results will be displayed simultaneously on the Notice
Boards at the Institutes Headquarters, Offices of the Regional Councils
and Chapters, and Examination Centres. The results will also be
available on Institutes Website www.icsi.edu on 25th February, 2007
after 4.00 P.M.
ATTENTION STUDENTS!
Applicability of Latest Finance Act and other changes for
Company Secretaries June 2007 Examination.
DIRECT TAXES
All students may note that for the June 2007 Examination session,
in respect of Direct Taxes, the applicable Assessment Year shall
be 2007-08 (Previous year 2006-07).
Thus, they will have to study Finance Act, 2006 for June 2007
examination. Further, as per the syllabus, students are required
to update themselves about all the Circulars, Clarifications,
Notifications issued by CBDT & Central Government, which come
in to effect on or before 6 months prior to the date of the respective
Examination.
Gift Tax Act has been excluded from the scope of examination
from June 1999 session onwards unless otherwise informed.
INDIRECT TAXES
Students appearing in the Tax Laws (Indirect Tax portion to the
extent of topics covered in the syllabus) and Direct and Indirect
Taxation-Law and Practice (Indirect tax portion) paper of the
Intermediate and Final Courses respectively may take note of the
following changes applicable for June 2007 Examination:
1. All changes made by the Finance Act, 2006.
2. All Circulars, Clarifications/Notifications issued by CBE&C/
Central Government which became effective six months prior
to the date of examination.
 Student Services

COMPANY SECRETARIES EXAMINATIONS - JUNE, 2006

ALL INDIA PRIZE AWARDS

Sl. Name of the Criteria Name & Address Qualification Occupational Age Marks Photo-
No. Prize Award of the Winner Address (Yrs.) Obtained graph

1 2 3 4 5 6 7 8 9
FINAL EXAMINATION
1. PRESIDENTS Awarded to a candidate who Rajesh K Pai B.Com 'Shri Ananth' 22 555/900
GOLD MEDAL passes in all papers of the C/o Shri Shobha G Shenoy 1st Floor (61.67%)
Final examination, at first H.No. 5-6-579/7 1st Cross
attempt, in one sitting, Nr Varashree Store Kodialguttu
without claiming exemption Kodialguttu (West) (East)
in any subject and obtaining MANGALORE-575 003 Mangalore-
the highest percentage of 575 003
marks in the aggregate (Roll No. 47346,
taking into account the per- Regn.No. SR0300372)
formance of all successful
candidates provided
that the aggregate is not
less than 55%.
2. C.C.SUTARIAS Awarded to a candidate who Rajesh K Pai B. Com. Shri Ananth 22 555/900
CASH AWARD passes in all papers of the C/o Shri Shobha G Shenoy 1st Floor (61.67%)
Final examination, at first H.No.5-6-579/7 1st Cross
attempt, in one sitting, Nr Varashree Store Kodialguttu
without claiming exemption Kodialguttu (West) (East)
in any subject and obtaining MANGALORE575 003. Mangalore
the highest percentage of 575 003.
marks in the aggregate
taking into account the per- (Roll No.47346,
formance of all successful Regn. No.SR0300372)
candidates.
3. BEST STU- Awarded to a candidate who Nidhi Bajaj (Ms.) Foundation 22 569/900
DENT OF THE passes in all papers of the P-54, V I P Road Course of (63.22%)
YEAR AWARD Final examination, at first Kankurgachi ICSI
BY JAYPEE attempt, in one sitting, KOLKATA 700 054.
GROUP without claiming exemption
in any subject and obtaining (Roll No.31681,
the highest percentage of Regn. No.ER0186639)
marks in the aggregate
taking into account the per-
formance of all successful
candidates in December,
2005 and June, 2006
examinations.
4. JAYPEE Awarded to a candidate who Manisha Saraf (Ms.) B.Com. 27 196/300
GROUP PRIZE passes in all papers of Group-I P-70, Block B (65.33%)
AWARD of the Final examination, Flat 1-B, Ist Floor
at first attempt, in one sitting, Lake Town
without claiming exemption in KOLKATA 700 009.
any subject included in that
Group and obtaining the (Roll No.31526,
highest percentage of Regn. No.ER0185658)
marks in the aggregate
taking into account the per-
formance of all such
successful candidates.
5. JAYPEE Awarded to a candidate who Rajesh K Pai B. Com. Shri Ananth 22 201/300
GROUP PRIZE passes in all papers of Group-II C/o Shri Shobha G Shenoy 1st Floor (67.00%)
AWARD of the Final examination, H.No.5-6-579/7 1st Cross
at first attempt, in one sitting, Nr Varashree Store Kodialguttu
without claiming exemption Kodialguttu (West) (East)
in any subject. MANGALORE 575 003. Mangalore

19
 Student Services
included in that Group and 575 003.
obtaining the highest per-
centage of marks in the (Roll No.47346,
aggregate taking into account Regn. No.SR0300372)
the performance of all such
successful candidates.
6. JAYPEE GROUP Awarded to a candidate who Chandan Narang B. Com. M/s Avtec 23 189/300
PRIZE AWARD passes in all papers of C/o G Creation Ltd. (63.00%)
th
Group III of the Final #3380 South Patel Nagar 8 Floor
examination, at first attempt, (Near Old Pusa Gate) Birla Tower,
in one sitting, without claiming NEW DELHI 110 008 25, Barakhamba
exemption in any subject Road,
included in that Group and New Delhi-
obtaining the highest per- (Roll No.39763, 110 001
centage of marks in the Regn. No.NR0378089)
aggregate taking into account
the performance of all such
successful candidates.
7. RAI BAHADUR Awarded to a candidate who Vikash Agarwal Foundation 21 534/900
SETH passes in all papers of the BE-391, Salt Lake City Course of (59.33%)
GUJARMAL Final examination, at first KOLKATA 700 064. ICSI
MODI MEMO- attempt, in one sitting, without B.Com (H)
RIAL AWARD claiming exemption in any
subject and obtaining the (Roll No.31548,
second highest percentage Regn. No.ER0199599)
of marks in the aggregate,
taking into account the per-
formance of all successful
candidates.
8. SARASWATI Awarded to a lady candidate Isha Gupta (Ms.) Foundation 27/78 A 24 522/900
DHANUKA who passes in all papers of Flat No.404 Course of Gagandeep, (58.00%)
MEMORIAL the Final examination, at 15/21, Civil Lines ICSI Birhana
AWARD first attempt, in one sitting, KANPUR 208 001. B. Com. Road
without claiming exemption in Kanpur
any subject and obtaining the 208 001.
highest percentage of (Roll No.39198,
marks in the aggregate Regn. No.NR0308208)
taking into account the per-
formance of all successful
lady candidates.
9. PT. GOPAL Awarded to a lady candidate Meghna Vinod Shah (Ms.) B. Com. 23 506/900
CHANDRA who passes in all papers of 304/A, Sabarmati Appt. (56.22%)
SHASTRI the Final examination, at Sahakargram, Ashok Nagar
MEMORIAL first attempt, in one sitting, X Road No.3, Kandivli (E)
AWARD without claiming exemption MUMBAI 400 101.
in any subject and obtaining
the second highest percen- (Roll No.53337,
tage of marks in the Regn. No.WR0324380)
aggregate taking into account
the performance of all
successful lady candidates.
10. PT. NEHRU Awarded to a candidate who Co-Winners: Foundation 20 63/100
BIRTH passes in all papers of the 1. Rasna Agarwal (Ms.) Course of
CENTENARY Final examination, at first 78, Bhairav Dutta Lane ICSI
ANNUAL attempt, in one sitting, without
Nandi Bagan Salkia
PRIZE out claiming exemption in any HOWRAH 711 106
AWARD subject and obtaining the (Roll No.31656,
highest marks in Corpor- Regn. No.ER0178401)
ate Restructuring - Law 2. Sonu Ajitsaria (Ms.) Foundation 21 63/100
and Practice paper taking 115, College Street Course of
into account the performance White Tower, (3rd Floor) ICSI
of all successful candidates in KOLKATA 700 012
December, 2005 and June, (Roll No.31695,
2006 examinations. Regn. No.ER0196981)
11. D.L. MAZUM- Awarded to a candidate who Ankit Somani Foundation 22 68/100
DARS SILVER passes in all papers of the S/o Shri Ajay Somani Course of
MEDAL Final examination, at first 34-B, L I C Colony ICSI

20
 Student Services
attempt, in one sitting, without Near Aaram Hotel,
claiming exemption in any Vaishali Nagar
subject and obtaining the AJMER 305006.
highest marks in Advan-
ced Company Law and (Roll No.38019,
Practice paper taking into Regn. No.NR0366881)
account the performance of
all successful candidates.
12. D.L. MAZUM- Awarded to a candidate who Meghna Vinod Shah (Ms.) B. Com. 23 62/100
DARS SILVER passes in all papers of the 304/A, Sabarmati Appt.
MEDAL Final examination, at first Sahakargram, Ashok Nagar
attempt, in one sitting, with- X Road No.3, Kandivli (E)
out claiming exemption in any MUMBAI 400 101.
subject and obtaining the
highest marks in Corporate (Roll No.53337,
Restructuring - Law & Regn. No.WR0324380)
Practice paper taking into
account the performance of
all successful candidates.
13. PAST PRESI- Awarded to a candidate who Subhash Kumar Choudhary B. Com. (H) 26 65/100
DENT passes in all papers of the S/o Shri N P Choudhary
CHINUBHAI Final examination, at first P O Sapuipara Bally
R. SHAHS attempt, in one sitting, without Near Dolphin School
SILVER MEDAL claiming exemption in Dist. Howrah 711 227.
any subject and obtaining
the highest marks in (Roll No.31505,
Secretarial Practice Regn. No.ER0175735)
relating to Economic Laws
and Drafting & Conveyan-
cing paper taking into
account the performance of
all successful candidates.
14. VIDYA NAND Awarded to a candidate who Co-Winners: B. Com. 24 80/100
MEHTA passes in all papers of the 1. Rajan Singla
MEMORIAL Final examination, at first S/o Shri K G Singla
PRIZE AWARD attempt, in one sitting, without Chowass Jakhepal
claiming exemption in any Teh. Sunam
subject and obtaining the Distt. SANGRUR 148 028
highest marks in Finan- (PUNJAB)
cial, Treasury and Forex (Roll No.35075,
Management paper taking Regn. No.NR0404634)
into account the performance
of all successful candidates. 2. Rakesh Rathi B. Com. Nav Con- 22 80/100
C/o Shri Moti Lal Rathi sulting Inc.
Sukhi Jeewan Complex 3, Bapuji
Jacob Road, Marg,
JAIPUR 302 006. Behind
(Roll No.38026, IOC Petrol
Regn. No.NR0413964) Pump,
Sahkar
Marg,
Jaipur-302 001.
15. J.B. DANI Awarded to a candidate who Co-Winners: B. Com. Shri Ananth 22 62/100
MEMORIAL passes in all papers of the 1. Rajesh K Pai 1st Floor
PRIZE AWARD Final examination, at first C/o Shri Shobha G Shenoy 1st Cross
attempt, in one sitting, without H.No.5-6-579/7 Kodialguttu
claiming exemption in any Nr Varashree Store (East)
subject and obtaining the Kodialguttu (West) Mangalore
highest marks in Human MANGALORE 575 003. 575 003.
Resources Management & (Roll No.47346,
Industrial Relations paper Regn. No.SR0300372)
taking into account the per- 2. Rohan Boyd Foundation _ 22 62/100
formance of all successful 16, Mahendra Roy Lane Course of
candidates. Gobra KOLKATA 700 046. ICSI
(Roll No.33538,
Regn. No.NR0408222)

21
 Student Services
3. Suman Bajoria (Ms.) Foundation TK Satpathy 24 62/100
Shree Salashar Polymers Course of & Co
Chauliaganj, Main Road ICSI 2nd Floor
CUTTACK 753 004. M. Com. Biswal
(Roll No.30873, Commercial
Regn. No.ER0160648) Complex
Cuttack
Road, Bhu-
baneswar-
751 006.
16. TAXMANNS Awarded to a candidate who Rajan Singla B. Com. 24 71/100
PRIZE AWARD passes in all papers of the S/o Shri K G Singla
Final examination, at first Chowass Jakhepal
attempt, in one sitting, without Teh. Sunam
claiming exemption in any Distt. SANGRUR 148 028
subject and obtaining (PUNJAB)
the highest marks in
Direct and Indirect Taxa- (Roll No.35075,
tion Law and Practice Regn. No.NR0404634)
paper taking into account
the performance of all
successful candidates.
17. GHANSHYAM Awarded to a candidate who Vikash Agarwal Foundation 21 73/100
DAS SARAF passes in all papers of the BE-391, Salt Lake City Course of
MEMORIAL Final examination, at first KOLKATA 700 064. ICSI
GOLD MEDAL attempt, in one sitting, B.Com (H)
without claiming exemption (Roll No.31548,
in any subject and obtaining Regn. No.ER0199599)
the highest marks in
Banking and Insurance
Law and Practice paper
taking into account the per-
formance of all successful
candidates.
18. SMT. G.P. Awarded to a candidate who Isha Gupta (Ms.) Foundation 27/78 A 24 68/100
PODDAR passes in all papers of the Flat No.404, Kailash Vihar Course of Gagandeep,
MEMORIAL Final examination, at first 15/21, Civil Lines ICSI Birhana
AWARD attempt, in one sitting, KANPUR 208 001. B. Com. Road
without claiming exemption Kanpur
in any subject and obtaining (Roll No.39198, 208001.
the highest marks in Regn. No.NR0308208)
Secretarial, Management
and Systems Audit paper
taking into account the per-
formance of all successful
candidates.
INTERMEDIATE EXAMINATION
19. PRESIDENTS Awarded to a candidate who Vineet Sodhani B. Com. 22 530/800
SILVER passes in all papers of the C 54, Sethi Colony (66.25%)
MEDAL Intermediate examination, Agra Road
at first attempt, in one JAIPUR 302 004.
sitting, without claiming
exemption in any subject
and obtaining the highest (Roll No. 15299
percentage of marks in the Regn. No.NR0449921)
aggregate taking into
account the performance of
all successful candidates
provided that the aggregate
is not less than 55%.
20. JAYPEE Awarded to a candidate who Vineet Sodhani B. Com. 22 530/800
GROUP passes in all papers of the C 54, Sethi Colony (66.25%)
PRIZE Intermediate examination, Agra Road
AWARD at first attempt, in one sitting, JAIPUR 302 004.
without claiming exemption
in any subject and obtaining (Roll No.15299,
the highest percentage of Regn. No.NR0449921)
marks in the aggregate
22
 Student Services
taking into account the per-
formance of all successful
candidates.
21. KEDARNATH Awarded to a candidate who Vinitaa Agarwal (Ms.) Foundation 22 523/800 NO
PRAHLADRAI passes in all papers of the M B Enterprises Course of (65.38%)
DHANUKA Intermediate examination, Opp. Allahabad Bank ICSI
MEMORIAL at first attempt, in one sitting, S R C B Road B. Com. (H)
AWARD without claiming exemption Fancy Bazar, Kamrup
in any subject and obtaining GUWAHATI 781 001.
the second highest percen-
tage of marks in the (Roll No.13566,
aggregate taking into Regn. No.ER0212429)
account the performance of
all successful candidates.
22. MAUJI RAM Awarded to a lady candidate Vinitaa Agarwal (Ms.) Foundation 22 523/800 NO
JAIN who passes in all papers of M B Enterprises Course of (65.38%)
MEMORIAL the Intermediate exami- Opp. Allahabad Bank ICSI
AWARD nation, at first attempt, in S R C B Road B. Com. (H)
one sitting, without claiming Fancy Bazar, Kamrup
exemption in any subject GUWAHATI 781 001.
and obtaining the highest
percentage of marks in the (Roll No.13566,
aggregate taking into Regn. No.ER0212429)
account the performance of
all such successful lady
candidates.
23. SMT. Awarded to a lady candidate Poonam Jain (Ms.) Foundation 21 519/800
BONDADA who passes in all papers of C/o. Shri Pawan Jain Course of (64.88%)
SAMANTHAKA- the Intermediate examina- 4th Floor, 124/B ICSI
MANI tion, at first attempt, in one Rabindra Sarani
MEMORIAL sitting, without claiming Burra Bazar
SILVER MEDAL exemption in any subject and KOLKATA 700 007.
obtaining the second
highest percentage of (Roll No.10010,
marks in the aggregate Regn. No.ER0222602)
taking into account the
performance of all such
successful lady candidates.
24. TAXMANNS Awarded to a candidate who Anand M J B. Com. 21 73/100
PRIZE AWARD passes in all papers of the C/o. Dr. V V Murali
Intermediate examination, 117, Sreenagar, Muttathara
at first attempt, in one sitting, Vallakadavoo P O
without claiming exemption THIRUVANANTHA-
in any subject and obtaining PURAM-695 008
the highest marks in Tax
Laws paper taking into (Roll No.23082,
account the performance of Regn. No.SR0326502)
all successful candidates.
25. PREETI Awarded to a candidate who Vinay Sirohia Foundation 23 76/100
PURASKAR passes in all papers of the 74/6, Chakraberia Road Course of
Intermediate examination, (North) First Floor ICSI
at first attempt, in one sitting, KOLKATA 700 020.
without claiming exemption in
any subject and obtaining the (Roll No.11456,
highest marks in Company Regn. No.ER0213309)
Law paper taking into
account the performance of
all successful candidates.
26. PREETI Awarded to a candidate who Poonam Jain (Ms.) Foundation 21 86/100
PURASKAR passes in all papers of the C/o. Shri Pawan Jain Course of
Intermediate examination, 4th Floor, 124/B ICSI
at first attempt, in one sitting, Rabindra Sarani
without claiming exemption in Burra Bazar
any subject and obtaining the KOLKATA 700 007.
highest marks in Company
Secretarial Practice paper (Roll No.10010,
taking into account the per- Regn. No.ER0222602)

23
 Student Services
formance of all successful
candidates.
FOUNDATION EXAMINATION
27. SULTAN Awarded to a candidate who Mohit Agarwal Hr. Sec. 19 381/500
CHAND passes in all papers of the 141, B K Paul Avenue (76.20%)
TRUST Foundation examination, KOLKATA 700 005.
PRIZE AWARD at first attempt, in one sitting
without claiming exemption in
any subject and obtaining the (Roll No.1145,
highest percentage of Admn. No.EU0088543)
marks in the aggregate
taking into account the
performance of all
successful candidates.
28. SULTAN Awarded to a candidate who Rahul Rungta Hr. Sec. 20 380/500
CHAND TRUST passes in all papers of Flat 6F, Block A (76.00%)
PRIZE AWARD Foundation examination, Gagandeep Apartment
at first attempt, in one sitting, 493/B/2, G T Road, Shibpur
without claiming exemption in HOWRAH 711 102.
any subject and obtaining the
second highest percentage
of marks in the aggregate (Roll No.1322,
taking into account the per- Admn. No.EU0098323)
formance of all successful
candidates.
29. SULTAN Awarded to a candidate who Rashmi Sharma (Ms.) Sr. Sec. 19 378/500
CHAND passes in all papers of C/o Vinay P C O (75.60%)
TRUST PRIZE Foundation examination, H. No. 278/285, Aishbagh
AWARD at first attempt, in one sitting Road Near Tilaknagar
without claiming exemption in Turning
any subject and obtaining the LUCKNOW 226 004.
third highest percentage of
marks in the aggregate (Roll No.4061,
taking into account the per- Admn. No.NU0262772)
formance of all successful
candidates.
30. DURGADEVI Awarded to a lady candidate Rashmi Sharma (Ms.) Sr. Sec. 19 378/500
SARAF who passes in all papers of C/o Vinay P C O (75.60%)
MEMORIAL Foundation examination at H. No. 278/285, Aishbagh
GOLD MEDAL first attempt, in one sitting Road Near Tilaknagar
without claiming exemption in Turning
any subject and obtaining the LUCKNOW 226 004.
highest percentage of
marks in the aggregate (Roll No.4061,
taking into account the per- Admn. No.NU0262772)
formance of all successful
lady candidates.

EASTERN INDIA REGIONAL COUNCIL PRIZE AWARDS

1. EIRC CASH Awarded to a candidate who passes Poonam Jain (Ms.) Foundation 21 86/100
PRIZE in all papers of the Intermediate C/o. Shri Pawan Jain Course of
examination, at first attempt, in one 4th Floor, 124/B ICSI
sitting, without claiming exemption in Rabindra Sarani
any subject and obtaining the highest Burra Bazar
marks in Company Secretarial KOLKATA700 007.
Practice paper taking into account
the performance of all such success-
ful candidates from examination (Roll No.10010,
centres situated within the Regn. No.ER0222602)
Eastern Region.
2. KEDARNATH Awarded to a candidate who passes Poonam Jain (Ms.) Foundation 21 519/800
DHANUKA in all papers of the Intermediate C/o. Shri Pawan Jain Course of (64.88%)
MEMORIAL examination, at first attempt, in one 4th Floor, 124/B ICSI
CASH PRIZE sitting, without claiming exemption in Rabindra Sarani
any subject and obtaining the highest Burra Bazar
percentage of marks in the aggre- KOLKATA 700 007.

24
 Student Services
gate taking into account the per-
formance of all such successful (Roll No.10010,
candidates from examination centres Regn. No.ER0222602)
situated within the Eastern Region.

NORTHERN INDIA REGIONAL COUNCIL PRIZE AWARDS

1. NIRC SILVER Awarded to a candidate who passes Isha Gupta (Ms.) Foundation 27/78 A 24 522/900
SOUVENIR in all papers of the Final examination, Flat No.404, Kailash Vihar Course of Gagandeep, (58.00%)
AWARD at first attempt, in one sitting, without 15/21, Civil Lines ICSI Birhana
claiming exemption in any subject and KANPUR 208 001. B. Com. Road
(For Final obtaining the highest percentage of Kanpur
Examination) marks in the aggregate taking into (Roll No.39198, 208 001.
account the performance of all such Regn. No.NR0308208)
successful candidates from exami-
nation centres situated within the
Northern Region.
2 NIRC PRIZE Awarded to a candidate who passes Vineet Sodhani B. Com. 22 530/800
AWARD FOR in all papers of the Intermediate C 54, Sethi Colony (66.25%)
BOTH GROUPS examination, at first attempt, in one Agra Road
sitting, without claiming exemption in JAIPUR 302 004.
(For Interme- any subject and obtaining the highest
diate Exami- percentage of marks in the aggre- (Roll No.15299,
nation) gate taking into account the per- Regn. No.NR0449921)
formance of all such successful
candidates from examination centres
situated within the Northern Region.

SOUTHERN INDIA REGIONAL COUNCIL PRIZE AWARDS

1. SIRC SILVER Awarded to a candidate who passes Rajesh K Pai B. Com. Shri Ananth 22 555/900
MEDAL in all the papers of Final exami- C/o Shri Shobha G 1st Floor (61.67%)
nation, at first attempt, in one sitting, Shenoy 1st Cross
without claiming exemption in any H.No.5-6-579/7 Kodialguttu
subject and obtaining the highest Nr Varashree Store (East)
percentage of marks in the aggre- Kodialguttu (West) Mangalore
gate taking into account the per- MANGALORE-575 003. 575 003.
formance of all such successful
candidates from examination centres (Roll No.47346,
situated within the Southern Region. Regn. No.SR0300372)
2. SIRC PRIZE Awarded to a candidate who passes Rajesh K Pai B. Com. Shri Ananth 22 60/100
AWARD in all the papers of Final exami- C/o Shri Shobha G 1st Floor
nation, at first attempt, in one Shenoy 1st Cross
sitting, without claiming exemption in H.No.5-6-579/7 Kodialguttu
any subject and obtaining the highest Nr Varashree (East)
marks in Corporate Restructuring - Store Kodialguttu (West) Mangalore
Law and Practice paper taking into MANGALORE-575 003. 575 003.
account the performance of all such
successful candidates from exami- (Roll No.47346,
nation centres situated within the Regn. No.SR0300372)
Southern Region.
3. SIRC - MRS. Awarded to a candidate who passes Rajesh K Pai B. Com. Shri Ananth 22 63/100
PANKAJAM in all the papers of Final examinat- C/o Shri Shobha G 1st Floor
RENGACHARI ion, at first attempt, in one sitting, Shenoy 1st Cross
PRIZE AWARD without claiming exemption in any H.No.5-6-579/7 Kodialguttu
subject and obtaining the highest Nr Varashree Store (East)
marks in Advanced Company Kodialguttu (West) Mangalore
Law and Practice paper taking into MANGALORE-575 003. 575 003.
account the performance of all such
successful candidates from exami- (Roll No.47346,
nation centres situated within the Regn. No.SR0300372)
Southern Region.
4. LATE G. Awarded to a candidate who passes Co-Winners: Foundation 19 65/100
SUNDARA- in all the papers of the Intermediate 1. Chanakya Chandra Course of
RAJAN examination, at first attempt, in one Reddy Patil ICSI
ENDOWMENT sitting, without claiming exemption in Plot No.32, Rail Enclave

25
 Student Services
AWARD any subject and obtaining the highest Sikh Road
marks in Management Information SECUNDERABAD
Systems and Corporate Communi- 500 009.
cation paper taking into account the (Roll No.21817,
performance of all such successful Regn. No.SR0332783)
candidates from examination centres 2. Pradeep Kumar B.Com. 29 65/100
situated within the Southern Region. Gunderao
C/o Shri Praveen G Kulkarni
JSQD 9/3, A C C Colony
WADI (JN) 585 225.
(Roll No.19844,
Regn. No.SR0237954)
5. SIRC - Awarded to a candidate who passes Anand M J B. Com. 21 73/100
V. KUMAR in all the papers of the Intermediate C/o. Dr. V V Murali
MEMORIAL examination, at first attempt, in one 117, Sreenagar, Muttathara
PRIZE AWARD sitting, without claiming exemption in Vallakadavoo P O
any subject and obtaining the highest THIRUVANANTHAPURAM
marks in Tax Laws paper taking 695 008.
into account the performance of all (Roll No.23082,
such successful candidates from Regn. No.SR0326502)
examination centres situated within
the Southern Region.

HYDERABAD CHAPTER OF SIRC (ICSI) PRIZE AWARDS

1. LATE Awarded to a candidate who passes Ritika Radhakishan B. Com. 29 450/900
MADINEEDI in all the papers of the Final exami- Agarwal (Ms.) (50.00%)
RAMA KRISHNA nation, at first attempt, in one sitting, Flat No.103, Dhananjaya
SUBHADRA without claiming exemption in any Towers, Ranga Raju Lane
MEMORIAL subject and obtaining the highest Road No.1, Bajara Hill
AWARD percentage of marks in the aggre- HYDERABAD 500 004.
gate taking into account the per-
formance of all such successful (Roll No.46599,
candidates from Hyderabad Centre. Regn. No.SR0295151)
2. LATE SHRI M. Awarded to a candidate who passes Chanakya Chandra Foundation 19 467/800
GURU RAJ in all the papers of the Intermediate Reddy Patil Course of (58.38%)
RAO examination, at first attempt, in one Plot No.32, Rail Enclave ICSI
MEMORIAL sitting, without claiming exemption in Sikh Road
GOLD MEDAL any subejct and obtaining the highest SECUNDERABAD
percentage of marks in the aggre- 500 009.
gate from amongst all such successful (Roll No.21817,
candidates from Hyderabad Centre. Regn. No.SR0332783)

WESTERN INDIA REGIONAL COUNCIL PRIZE AWARDS

1. WIRC MEDAL Awarded to a candidate who passes Meghna Vinod Shah (Ms.) B. Com. 23 506/900
in all the papers of Final exami- 304/A, Sabarmati Appt. (56.22%)
nation, at first attempt, in one sitting, Sahakargram, Ashok Nagar
without claiming exemption in any X Road No.3, Kandivli (E)
subject and obtaining the highest MUMBAI 400 101.
percentage of marks in the
aggregate taking into account the (Roll No.53337,
performance of all such successful Regn. No.WR0324380)
candidates from examination centers
situated within the Western Region.
2. WIRC CASH Awarded to a candidate who passes in Ritesh Girdharilal Podar B. Com. Price 25 499/900
PRIZE all papers of the Final examination, 804 H, Krishna Waterhouse (55.44%)
at first attempt, in one sitting, without Vasant Sagar Complex Coopers
claiming exemption in any subject and Thakur Village 252, Veersa-
obtaining the second highest Kandivali (East) varkar Marg,
percentage of marks in the aggregate MUMBAI 400 101. Dadar (West)
taking into account the performance Opp. Shivaji
of all successful candidates from (Roll No.53348, Park,
examination centres situated within Regn. No.WR0358099) Mumbai
the Western Region. 400 028.
3. LATE SHRI Awarded to a lady candidate who Meghna Vinod Shah (Ms.) B. Com. 23 506/900

26
 Student Services
S. NARAYANAN passes in all the papers of Final 304/A, Sabarmati Appt. (56.22%)
MEMORIAL examination, at first attempt, in one Sahakargram, Ashok Nagar
PRIZE sitting, without claiming exemption in X Road No.3, Kandivli (E)
AWARD any subject and obtaining the highest MUMBAI 400 101.
percentage of marks in the aggre-
gate taking into account the perfor- (Roll No.53337,
mance of all such successful lady Regn. No.WR0324380)
candidates from examination centers
situated within the Western Region.
4. PAST PRESI- Awarded to a candidate who passes Avishkar Prabhakar Naik B.Com.(H) National Stock 27 67/100
DENT CHINU- in all the papers of the Final exami- 3, Mulund Sheetal Exchange of
BHAI R. SHAH nation, at first attempt, in one Navghar Road, Lane No.2 India,
AWARD sitting, without claiming exemption in Mulund (East) Exchange Plaza
any subject and obtaining the highest MUMBAI 400 081. Bandra Kurla
marks in Advanced Company Law Complex
and Practice paper taking into (Roll No.56598, Bandra (E)
account the performance of all such Regn. No.WR0330318) MUMBAI
successful candidates from exami- 400 051.
nation centres situated within the
Western Region.
5. SUKHLAL C. Awarded to a candidate who passes Meghna Vinod Shah (Ms.) B. Com. 23 62/100
MODY in all the papers of the Final exami- 304/A, Sabarmati Appt.
MEMORIAL nation, at first attempt, in one sitting, Sahakargram,
PRIZE without claiming exemption in any Ashok Nagar
subject and obtaining the highest X Road No.3, Kandivli (E)
marks in Corporate Restructuring - MUMBAI 400 101.
Law and Practice paper taking into
account the performance of all such (Roll No.53337,
successful candidates from exami- Regn. No.WR0324380)
nation centres situated within the
Western Region.
6. WIRC PAST Awarded to a candidate who passes Co-Winners: B. Com. Price 25 56/100
CHAIRMAN in all the papers of the Final exami-
1. Ritesh Girdharilal Waterhouse
V.K. MATHUR nation, at first attempt, in one sitting,
Podar Coopers
MEMORIAL without claiming exemption in any 804 H, Krishna 252, Veersa-
AWARD subject and obtaining the highest Vasant Sagar Complex varkar Marg,
marks in Secretarial Practice rela-
Thakur Village Dadar (West)
ting to Economic Laws and Kandivali (East) Opp. Shivaji
Drafting and Conveyancing paper MUMBAI 400 101. Park,
taking into account the performance(Roll No.53348, Mumbai
of all successful candidates from Regn. No.WR0358099) 400 028.
examination centres situated within2. Parul Mahavir Jain B. Com. 22 56/100
the Western Region. (Ms.)
381, Ganpati Niwas
2nd Floor, Kasaralley
Bhiwandi THANE421 302.
(Roll No.53351,
Regn. No.WR0379181)
7. WIRC MEDAL Awarded to a candidate who passes Sachin Dharmendra Jain B. Com. 21 508/800
in all the papers of the Intermediate Flat No.7, Building No.8 (63.50%)
examination, at first attempt, in one Model Town
sitting, without claiming exemption in Parvat Patia
any subject and obtaining the highest SURAT 395 010.
percentage of marks in the aggre-
gate, taking into account the perfor- (Roll No.29189,
mance of all successful candidates Regn. No.WR0399820)
from examination centres situated
within the Western Region.
8. WIRC CASH Awarded to a candidate who passes Amita Narendra Salunkhe B. Com. 22 507/800
PRIZE in all the papers of the Intermediate (Ms.) (63.38%)
examination, at first attempt, in one 56, Dallas Buildings
sitting, without claiming exemption in Dnyan Mandir Road
any subject and obtaining the second Dadar
highest percentage of marks in MUMBAI 400 028.
the aggregate taking into account
the performance of all successful (Roll No.25749,
candidates from examination centres Regn.No.WR0402322)
situated within the Western Region.
27
 Student Services
9. PAST PRESI- Awarded to a candidate who passes Anup Ramprasad Totala B. Com. 22 74/100
DENT CHINU- in all papers of the Intermediate C/o Prem Totala &
BHAI R. SHAH examination, at first attempt, in one Associates
AWARD sitting, without claiming exemption in 111/112, Gomtesh Market
any subject and obtaining the highest New Gulmandi
marks in Company Law paper AURANGABAD431 001.
taking into account the performance
of all successful candidates from (Roll No.30308,
examination centres situated within Regn. No.WR0405088)
the Western Region.
10. SUGUNA Awarded to a lady candidate who Amita Narendra Salunkhe B. Com. 22 507/800
MEMORIAL passes in all papers of the Inter- (Ms.) (63.38%)
PRIZE mediate examination, at first 56, Dallas Buildings
attempt, in one sitting, without Dnyan Mandir Road
claiming exemption in any subject and Dadar
obtaining the highest percentage of MUMBAI 400 028.
marks in the aggregate taking into
account the performance of all (Roll No.25749,
successful lady candidates from Regn.No.WR0402322)
examination centres situated within
the Western Region.
11. ELVINA PINTO Awarded to a candidate who passes Mahak Singal (Ms.) Hr. Sec. 19 376/500
MEMORIAL in all the papers of the Foundation C/o Vijay Silk House Pvt. (75.20%)
PRIZE examination, at first attempt, in one Ltd.
AWARD sitting, without claiming exemption in 7/23, Grants Building
any subject and obtaining the Arthur Bunder Road
highest percentage of marks in Colaba
the aggregate taking into account MUMBAI 400 005.
the performance of all successful
candidates from examination centres (Roll No.6918,
situated within the Western Region. Admn. No.WU0158432)

AHMEDABAD CHAPTER OF WIRC (ICSI) PRIZE AWARDS

1. SHRISH H. Awarded to a candidate who passes Kavita Chordiya (Ms.) B. Com. 25 472/900
SHAH in all the papers of the Final exami- C/o Shri Navratan Mal (52.44%)
MEMORIAL nation, at first attempt, in one sitting, Chordiya
PRIZE without claiming exemption in any Near Mahi Gate
subject and obtaining the highest NAGAUR 341 001.
(For Final percentage of marks in the
examination) aggregate taking into account the (Roll No.50476,
performance of all such successful Regn. No.NR0415491)
candidates from Ahmedabad Centre.
2. SHRISH H. Awarded to a candidate who passes Mamta Kantilal Gala B.Com. 24 473/800
SHAH in all the papers of the Intermediate (Ms.) (59.13%)
MEMORIAL examination, at first attempt, in one E 44, Simandhar City
PRIZE sitting, without claiming exemption Tri Mandir, Sankul
in any subject and obtaining the Ahmedabad Kalol Highway
(For Interme- highest percentage of marks in GANDHINAGAR382 421.
diate exami- the aggregate taking into account
nation) the performance of all such success- (Roll No.24455,
ful candidates from Ahmedabad Regn. No.WR0413762)
Centre.

PUNE CHAPTER OF WIRC (ICSI) PRIZE AWARDS

1. LATE SMT. Awarded to a candidate who passes Ritu Jayprakash Rathi Foundation 24 455/900
SHAKUNTALA- in all papers of the Final exami- (Ms.) Course of (50.56%)
BAI NILKANTH nation, at first attempt, in one sitting, Flat No.9, 3rd Floor ICSI
NAVARE PRIZE without claiming exemption in any Pizupati Complex
AWARD subject and obtaining the highest Opp. K E M Hospital
percentage of marks in the aggre- PUNE 411 011.
gate taking into account the perfor-
mance all such successful candidates (Roll No.54619,
from Pune Centre. Regn. No.WR0291147)

28
 Student Services
NOTIFICATION
NEW PRIZE AWARDS FOR CS EXAMINATIONS ICSI NO. 5 OF DECEMBER, 2006
In pursuance of para 11 of the "Merit Scholarship (Company
Students will be pleased to learn that the Institute has Secretaryship Course) Scheme 1983",. the following students have
established following new Prize Awards for the candidates been awarded 'Merit Scholarships' for the Intermediate and Final
exhibiting brilliant performance in Company Secretaries Courses on the basis of their meritorious performance in the
examinations: Foundation and Intermediate Examinations of 'company
secretaryship' held in June, 2006:
* KAPOOR CHAND MOTI CHAND MOHTA MEMORIAL
SI. No. Name of the student Registration No.
AWARD
(Instituted by Shri K C Mohta, FCS, Kolkata) FOR INTERMEDIATE COURSE
(Annual Cash Prize of Rs. 5,001/-)
1. MOHIT AGARWAL ER0242921/08/2006
The award will be given on annual basis to a lady 2. RAHUL RUNGTA ER0243636/08/2006
candidate who passes in all papers of Final examination, 3. RASHMI SHARMA (MS.) NR0504972/08/2006
at first attempt, in one sitting, without claiming exemption 4. MAHAK SINGAL (MS.) WR0446703/08/2006
in any subject and obtaining the highest percentage 5. ROHIT MANGAL NR0508555/10/2006
6. MEETU DHINGRA (MS.) WR0446141/08/2006
of marks in the aggregate taking into account the 7. RAJESH KUMAR P SR0368305/08/2006
performance of all such successful lady candidates 8. USHA G (MS.) SR0366423/08/2006
during a calendar year, i.e., June and December 9 VIPUL JAIN WR0457861/08/2006
examinations of each calendar year, on all-India basis, 10. KIRAN RANA (MS.) NR0499208/08/2006
11. K REVATHY (MS.) SR0368192/08/2006
effective from the calendar year 2006. Accordingly, the
12. NEHA DOSHI (MS.) ER0242641/08/2006
first award will be given on the basis of June and 13. RITTIKA CHOWDHARY (MS.) ER0241531/08/2006
December, 2006 examinations. 14. SARASWATHI T (MS.) SR0362574/08/2006
15. CHAITRALI VINOD WR0458581/08/2006
* KEDARNATH PRAHLADRAI DHANUKA MEMORIAL DESHPANDE (MS.)
AWARD
(Instituted by Shri B P Dhanuka, FCS, Kolkata) FOR FINAL COURSE
(Bi-annual Cash Prize of Rs. 1,251/-) 1. VINEET SODHANI NR0449921/07/2005
2. VINITAA AGARWAL (MS.) ER0212429/02/2005
The award will be given to a candidate who passes in 3. POONAM JAIN (MS.) ER0222602/08/2005
all papers of Final examination at first attempt, in one 4. SACHIN DHARMENDRA JAIN WR0399820/06/2005
sitting, without claiming exemption in any subject, and 5. AMITA NARENDRA WR0402322/07/2005
obtaining the highest percentage of marks in the SALUNKHE (MS.)
6. SAURABH LODHA NR0437988/02/2005
aggregate from examination centres situated within the 7. NEHA GUPTA (MS.) ER0223157/08/2005
Eastern Region, effective from June, 2007 examination. 8. NIDHI AGARWAL (MS.) ER0224223/08/2005
9. ANAND M J SR0326502/07/2005
* LATE SHRI S NARAYANAN MEMORIAL PRIZE 10. NIDHI HIRAN (MS.) NR0464439/08/2005
AWARD 11. PRIYANKA SARAWAGI (MS.) ER0224425/08/2005
(Instituted by Shri S N Ananthasubramanian, FCS, 12. MONIKA MUNDRA (MS.) WR0416550/08/2005
13. AKRAM JAMAL ER0216861/05/2005
Thane (W)) 14. RAHUL ASHOKCHAND WR0412186/08/2005
(Bi-annual Cash Prize of Rs. 1,251/-) KATARIYA
The award will be given to a lady candidate who passes 15. HEMRAJ SATYANARAYAN WR0417117/08/2005
JOSHI
in all papers of Final examination at first attempt, in one
sitting, without claiming exemption in any subject, and BY ORDER OF THE COUNCIL
File No.205:Exams:J/2006
obtaining the highest percentage of marks in the Dated the 26th December, 2006 (N K JAIN)
aggregate taking into account the performance of all NEW DELHI - 110 003. (SECRETARY & CEO)
such successful lady candidates from examination
centres situated within the Western Region, effective
OPENING OF NEW EXAM. CENTRES AT KOLHAPUR AND
from June, 2006 examination.
SRINAGAR FOR CS EXAMINATIONS
* LATE MADINEEDI RAMAKRISHNA SUBHADRA
The Institute is pleased to announce opening of two new
MEMORIAL AWARD Examination Centres at following places for conduct of 'Company
(Instituted by Shri M Adinarayana, FCS, Hyderabad) Secretaries' examinations for the next three sessions to be held in
(Bi-annual Cash Prize of Rs. 501/-) June, 2007, December, 2007 and June, 2008 purely on
The award will be given to a candidate who passes in experimental basis:
all papers of Foundation Course examination at first Sl No. Place Centre Code
1. Kolhapur 417
attempt, in one sitting, without claiming exemption in
2. Srinagar (J&K) 227
any subject, and obtaining the highest percentage of Accordingly, students are welcome to opt for the new Examination
marks in the aggregate from Hyderabad Centre, Centre in their enrolment applications for appearing in the
effective from December, 2006 examination. forthcoming examinations.

29
 News and Announcements
NEWS AND ANNOUNCEMENTS
EASTERN INDIA REGIONAL COUNCIL
FORTY-EIGHTH SECRETARIAL MODULAR TRAINING
PROGRAMME
From 9.11.2006 to 25.11.2006 the Regional Council conducted its
48th SMTP at Kolkata. In all 43 participants enrolled and successfully
completed the said Training Programme. The programme was
inaugurated by U.C. Nahta, Regional Director, Ministry of Company
Affairs (ER).
S.K. Agrawala, Chairman, TEFC in his address mentioned that
the number of training programmes organized by the Institute from
Intermediate level to Final are for the benefit of the students. Training
always makes a man perfect and updated. Qualification without
updation makes a person outdated. Since lot of changes are
happening, one should always be prepared to accept it as a challenge.
Amit Kumar Sen, Council Member, the ICSI in his address thanked
the participants for their successful completion of the course. He
stressed on the need and importance of technical sessions covered
under SMTP. Remembering those days when they qualified, he said
that such training facilities were not available. He advised the
participants to attend the programme seriously to enrich their
knowledge. He urged upon them to interact with the faculties to clear
their doubts wherever needed.
Rajesh Poddar, Chairman EIRC in his address stressed on the
importance of soft skills which is very much needed by every
professional now-a-days. Poddar requested the participants to attend
Seminar, Workshop, Study Circle, Orientation Programmes, Regional
Members Conference etc. being organized by the Regional Council
from time to time and remain closer as much as possible where
fellowship with the professionals are developed.
U.C. Nahta, Regional Director, Ministry of Company Affairs in his
address complimented the Institute for organizing the Secretarial
Modular Training Programme and involving every final passed students
in the practical aspects of the company secretaries profession. He
advised the participants to acquire knowledge and update themselves
during the training programme which will enable them to serve the
Board of Directors of the company effectively.
On 25.11.2006 at the valedictory session of the SMTP Dr. A.K.
Chakraborty, former President, West Bengal Board of Secondary
Education and a Member of the Institute was invited as Chief Guest.
The participants organized a colourful cultural event where most of
the participants actively took part. This was followed by songs, one
act play which were acclaimed by all the dignitaries Present.
S.K. Agrawala, in his address stated that after getting Membership
of the Institute one should feel proud but his responsibilities are
manifold. One has to accept challenge and face problems in his daily
work field which he has to encounter by his wisdom. Good behaviour,
proper Dress Code, will always project impact. As a company secretary
one should handle the stakeholders and to look after their grievances
very carefully.
Amit Kr. Sen, in his address stated that scope are enormous but
one has to grab it by his own skill. The company secretarys position
in the organization now a days is very crucial and most of our senior
members those who are in the helm of affairs have not only proved
their abilities in discharging duties efficiently but some of them are
also holding the position as Directors where their MD are also
depending on them for their suggestions too.
Rajesh Poddar, in his address thanked the participants particularly
those who have attended the programme from outside Kolkata. He
requested all the participants to associate themselves henceforth in
all the activities of the Institute and convey their suggestions for further
growth and development of the profession.
Dr.A.K. Chakraborty, Chief Guest mentioned that after gaining
sufficient practical knowledge undergoing 15 days training programme,
the would be professionals should not confine them merely to give
30
advice and suggestions to their Board but should also hold
responsibilities for implementation of any kind of difficult assignment
effectively. He thanked the participants for organizing value added
cultural programme and requested to continue it. He then distributed
certificates and medals to the participants.
The programme concluded with rendering of National Anthem,
participated by all present.
Best Participant Award : On the concluding day of Training
Programme oneImpact session was organized where the subjective
knowledge/communication skill of participants were assessed by a
panel of judges. The participants were asked to speak on any topic
selected by them by picking up slips kept in a box for this purpose.
The judges comprised of S.M. Gupta, Past Chairman, EIRC, Prof.
Dilip Shah, ACS, Member TEFC of EIRC, U. Mukherjee, Administrative
Officer, EIRO coordinated the event. Every participant was asked to
cast vote also in favour of the candidate who in his opinion is fit to be
awarded as the Best Participant Award. By giving due weight age to
above two the names of Best Participant of 48th SMTP Shikha Gupta,
Vikash Kumar Singh and Priyanka Agarwal were decided. The Best
Participants were duly recognized by the Council.
Social Programme: During the programme on 19.11.2006 the
participants organized a get together cum picnic at IBIZA, JOKA,
Kolkata. The programme was found very effective and meaningful in
developing friendship, fellow feeling amongst the participants. The
planning and implementation part of the programme was very good.
A number of games including Cricket, Badminton, Musical Chair,
Housie etc. were organized which were actively participated and
enjoyed by the delegates present. Small gifts as a token of appreciation
were given to the successful participants of each event. The
participants formed among themselves an organizing committee with
proper delegation of the job, which resulted in a very effective social
programme.
NORTHERN INDIA REGIONAL COUNCIL
CAREER AWARENESS PROGRAMMES
The Regional Council organized a number of Career Awareness
Programmes at Delhi as per details given hereunder:
On 4.11.2006 a Career Fair was held at Apeejay School, Pitampura;
on 10.11.2006 another Career Fair was held at Delhi Public School,
Sector 24, Rohini; yet again on 24.11.2006 another career fair was
held at Ryan International School, Rohini, Delhi; on 27.11.2006 the
career awareness programme was held at Ramjas School for Girls
and at Ramjas School for Boys at Daryaganj, Delhi. The speakers of
the Career Fair / Career Awareness Programmes were K.K. Narula,
Administrative Officer, NIRO, A.K. Srivastava, Executive Officer, NIRO,
Vishal Arora, ACS. A good number of students either visited the Career
Fair or attended the Career Awareness Programmes organised by
the Regional Council.
In the above institutions, the students were apprised about the
mode of registration in the course, syllabus, structure of the course
and also the avenues available after completion of the company
secretaryship course both in employment and in practice. Pamphlets
explaining Career in Company Secretaryship Course were distributed
to the students.
JAIPUR CHAPTER
CAREER AWARENESS PROGRAMME IN RURAL BELT
OF RAJASTHAN
The Second Phase of Career Awareness Programmes in Rural
Belt of Rajasthan was held from 13.11.2006 to 21.11.2006 at the
following places.
On 13.11.2006 in Nawalgarh at Seth G.B. Poddar College and at
Kanoria College, Mukundgrah. The programmes were attended by nearly
180 and 160 students respectively. On 14.11.2006 the programmes
were held in Jhunjhunu at Saheed J.P. Janu Sr. Secy. School which
was attended by 80 students; at G.B. Modi Sr. Secy. School, attended
by 150 students; at New Rajasthan Girls College, attended by 225
students; at Cho Viro Girls College, Bagar, attended by 250 students;
 News and Announcements
at S.B. Patwari College, Bagar attended by 250 students and at R.K.J.K.
Barasia College, Surajgarh attended by 90 students.
On 14.11.2006 in Jhunjhunu at Saheed J.P. Janu Sr. Secy. School,
attended by 80 students; at G.B. Modi Sr. Secy. School, attended by
150 students; at New Rajasthan Girls College, attended by 225 students;
in Bagar at Cho Viro Girls College, attended by 250 students; at S.B.
Patwari College, attended by 250 students and in Surajgarh at R.K.J.K.
Barasia College, attended by 90 students. On 15.11.2006 in Sadulpur
at Mohta College, attended by 270 students; at Mohta Senior Secondary
School, attended by 120 students and at Govt. Sr. Secondary School,
attended by 90 students. On 16.11.2006 in Churu,at Govt. Lohia College,
attended by 240 students and at Churu Girls College, attended by 80
students. On 17.11.2006 in Ratangarh at Shri M.L. Jalan Govt. College,
attended by 225 students; at Smt. Kesari Devi Lohia Govt. Girls College,
attended by 150 students and at Bansidhar Jalan Senior secondary
School, attended by 240 students. On 18.11.2006 in Sardarshar at S.B.D.
Govt.College, attended by 180 students; at Smt. K.D.G.D. Mittal Girls
College, attended by 120 students and at Seth Sampat Ram Dugar
Senior Secondary School, attended by 80 students. On 20.11.2006 in
Fatahpur at Seth Ramkishan Dhanuka Girls College, attended by 310
students; at Seth G.R. Chamaria College, attended by 240 students; at
Seth G.R. Chamaria Senior Secondary School, attended by 250
students; at Laxminath Senior Secondary School, attended by 110
students and at B.D. Todi College, Laxmangarh attended by 105
students. On 21.11.2006 in Sujangarh at Gyaniram Harakchand Sarvagi
Govt .College, attended by 120 students and at Sona Devi Setia Girls
College, attended by 110 students.
The number of students attended the Career Awareness
Programmes in the above institutions in 12 places of Rajasthan which
is also known as Shekhawati was around 4500. More than 210 Faculty
members were also present in the programmes. G.C. Sharma,
Executive Officer of the Chapter conducted the Career Awareness
Programmes. There was tremendous response both from faculty and
students as there was virtually no awareness /negligible awareness
regarding Company Secretaryship course in these areas. The
programmes were widely covered in the local Newspaper. G.C.
Sharma, presented detailed information and counseling covering all
aspects of the profession during his elaborate address. These were
followed by giving specific information and guidance regarding the
facilities being made available to the students by the Jaipur Chapter.
During the course of the programmes the Executive Officer of Jaipur
Chapter stated that he may be contacted for seeking any kind of
information, guidance and assistance for pursuing the Company
Secretaryship course. The programmes organized by the Chapter
were well received.
ACADEMIC DEVELOPMENT PROGRAMME
On 2.12.2006 twenty one students attended the Academic
Development Programme organized by the Chapter for eight hours
from 9.30 A.M. to 5.30 P.M. Deepak Arora, Vice Chairman & Treasurer
welcomed the participants and apprised them about the importance
of the programme as it helps in updating the knowledge. The topics
during the programme were time management and stress
management, managerial ethics and interview techniques. The topics
were covered by eminent faculty.
SOUTHERN INDIA REGIONAL COUNCIL
MADURAI CHAPTER
COMMENCEMENT OF ORAL COACHING CLASSES
On 15.12.2006 Oral Coaching Classes for Intermediate Groups I
and II conducted by the Chapter was inaugurated by M. Govindarajan,
Secretary of the Chapter The faculties also attended the programme.
In his address M. Govindarajan appreciated the efforts taken by the
students in choosing the company secretary course, a noble profession
that will yield them in great future. He indicated various stages of the
company secretary course and the training to be undertaken after
completion of the course. The Chief Guest Madhurai, Professor and
Assistant Head of the Department of Commerce, Yadhava Womens
31
College, Tiruppalai, Madurai explained the subjects, syllabus and how
to secure high marks in the examinations.
PUDUCHERRY CHAPTER
RENAMING OF PONDICHERRY CHAPTER AS
PUDUCHERRY CHAPTER
W.e.f. 1.1.2007 the name of the Pondicherry Chapter has been
changed into Puducherry Chapter as per the approval granted to it
by the Council of the Institute in its 169th meeting held on 22.12.2006.
THIRUVANANTHAPURAM CHAPTER
TALK ON POSITIVE THINKING
On 13.12.2006 the Chapter organised a programme on positive
thinking to become a company secretary at Govt.Maharajas Womens
College, Thiruvananthapuram. The Chapter Secretary Baiju
Ramachandran highlighted the need for positive thinking to become a
good professional like Company Secretary. He also explained the
procedure for joining CS Course and its prospects. Around 150
students attended the programme.
FACULTY MEET
On 16.12.2006 the Chapter convened a meeting of faculty members
of oral coaching classes at the Chapter office. The meeting was chaired
by Baiju Ramachandran, Secretary of the Chapter. Various matters
were discussed at the meeting including students performance,
attendance, syllabus coverage, feed back from students etc. Most of
the faculty members attended the meeting.
PROGRAMME ON HOW TO PREPARE FOR
EXAMINATION AND COPE WITH EXAM STRESS
On 17.12.2006 the Chapter organised a students seminar at its
seminar hall. The topic of the seminar was How to prepare for
examination and cope with exam stress. Past Secretary of the Chapter
C R Rengaswamy (Manager, Kerala Finance Corporation,
Thiruvananthapuram) was the speaker who spoke on various precautions
to be taken before examination, techniques and strategies to be adopted
to approach, how to adjust exam stress etc. Even though the seminar
was organised for the benefit of students registered for December 2006
examinations, other students also attended the seminar.
VALEDICTORY FUNCTION OF 36TH BATCH OF ORAL
COACHING CLASSES
On 19.12.2006 the Chapter organised a meeting of students at its
seminar hall on the occasion of valedictory function of 36th batch of
oral coaching classes. Baiju Ramachandran, Secretary while presiding
over the function advised the students to work hard to become a
company secretary. He added that seminars and programmes
organised by the Chapter help them to supplement and update
knowledge.
WESTERN INDIA REGIONAL COUNCIL
PUNE CHAPTER
LECTURE ON HOW TO STUDY FOR PROFESSIONAL
EXAMINATIONS
On 5.11.2006 a free lecture on How to Study for Professional
Examinations was organized by the Chapter at its premises for the
benefit of students. Kiran Chitale, Chairman, Sanhita Committee and
Vikas Agarwal, Member Sanhita Committee addressed the gathering
of around 30 students. The topics covered under the lecture were how
to study and prepare, methodology to be followed, preparation required
just before and during the exams etc. The lecture was well received
by the students present.
INAUGURATION OF FINAL COURSE ORAL
COACHING CLASSES
From 9.11.2007 the Chapter has commenced Oral Coaching
Classes for the final level students of CS Course. On the request of
students, the classes were held only for Financial, Treasury and Forex
Management paper. In all 12 students registered for the batch.
 STATUS OF TRAINING
(Period from 01-12-2006 to 31-12-2006)
15 Months Training with Company/Company Secretary in Practice and 03 Months & 15 days Practical Training
STAGE-I STAGE-II
Biodata of the students sent to the companies/company Students sponsored for training
secretaries in practice for consideration
APPLICATIONS CASES
Pending Received Forwarded for Pending Pending Received No. of students Pending
Training as on during the consideration as on as on during who have actually as on
Type 30.11.06 month (upto 31.12.06) 31.12.06 30.11.06 the month taken for training 31.12.06
(upto 31.12.06)
15 Months in 08 16 14 10 06 32 31 07
Companies
15 Months with 11 05 16 NIL 07 22 24 05
CS in Practice
3 Months in NIL 43 43 NIL
Company/
15 Days in
Optional Area
2. Exemption
1. Number of applications pending as on 30.11.2006 : 10
2. Number of applications received for exemption : 29
3. Number of exemptions granted : 21
4. Number of pending applications as on 31.12.2006 : 18

SCHEDULE OF ACADEMIC DEVELOPMENT PROGRAMME (ADP)

Every student of the Institute who has been sponsored for 15 months training either in a company or under a Company Secretary in practice
is compulsorily required to attend and complete 25 Hours Academic Development Programmes (ADP). The duration of each ADP would be eight
hours and those who have attended three such programmes would be deemed to have attended 25 Hours ADP. Fee Rs. 250/- per participant.
The Schedule of ADP proposed to be organized by EIRC is as under:
Organised by Date Venue of the Contact Address
Programme
EIRC of 18.02.2007 EIRC Premises Executive Officer, EIRC of the ICSI, ICSI-EIRC Bldg., 3-A, Ahiripukur, 1st Lane
the ICSI Kolkata-700019 Tel. : 22832973/22816541/22816542 Fax No. : 22816542 (STD
Code 033)) E-mail : Eiro@icsi.edu

SCHEDULE OF TRAINING ORIENTATION PROGRAMME (TOP)

Organised by Dates & Duration Venue of the Programme Contact Address
EIRC of 06.02.2007 EIRC Premises Executive Officer, EIRC of the ICSI, ICSI-EIRC Building, 3-A, Ahiripukur, 1st Lane
the ICSI to Kolkata-700019 Tel. :22832973/22816541/22816542 Fax : 22816542 (STD Code:
10.02.2007 033) E-mail : Eiro@icsi.edu

STUDENTS QUIZ
PRIZE QUERY
The Companies (Amendment) Act, 2000 which was put into force with effect from 13th December 2000 amended the definition
of the 'Public Company' to include therein a private company which is a subsidary of a company which is not a private company.
In other words in terms of the amended definition a private company which is a subsidiary of a public company would be a public
company. In the light of the change in the definition of a public company will a company which is registered as a private company
and which is a subsidiary of a public company will lose its basic characteristics?
CONDITIONS
1. Answer should not exceed one page typed in double space. The answer sheet should contain the name, registration number and address
of the student. 2.Last date for receipt of answer is 16th February, 2007. 3. Two prizes (a first and a second) in kind will be awarded to the
best answers and the names of the contributors will be published in the Bulletin. 4. The envelope should be superscribed Students Query,
January 2007 and addressed by name to N.K. Jain, Secretary & Chief Executive Officer, The Institute of Company Secretaries of
India, ICSI House, 22, Institutional Area, Lodi Road, New Delhi-110003.

32
LIST OF THE COMPANIES REGISTERED FOR LIST OF PRACTISING MEMBERS REGISTERED FOR
IMPARTING TRAINING DURING THE MONTH OF THE PURPOSE OF IMPARTING APPRENTICESHIP
NOVEMBER 2006 TRAINING DURING THE MONTH OF NOVEMBER,
2006
Region Training Stipend
Period (Rs.) 1. MADHU KUMAR GHATIYA PCSA-1417
Northern Region Floor No. 2, Shangriue Complex
C.B.S. Road, Aurangabad-431005
Frontier Springs Limited 15 Months 2500-3000
E-14, Panki Industrial Area Training 2. RAVI MOHAN RATHI PCSA-1418
Site-1, Kanpur-208022 7, Jatindra Mohan Avenue
4th Floor, Kolkata-700006
KEI Industries Limited 15 Months 3500-6000
D-90, Okhla Industrial Area Training 3. Ms. MONICA BANSAL PCSA-1419
Phase-I, New Delhi-110020 11/26, West Patel Nagar
New Delhi-110008
Western Region
4. DEEPAK KUMAR JAIN PCSA-1420
Nova Petrochemicals Ltd. 15 Months Suitable
306, Patel Nagar, New Mandi
Moraiya Village Training
Mazaffarnagar-251001
Sarkhej-Bavla Highway
Ahmedabad-382210 5. MS. PRABHA V. PCSA-1421
5th Floor, New B.K. Market
Bharati AXA Life Insurance Co. Ltd. 15 Months Suitable
16A, Shakespeare Sarani
61/62, Kalpataru Synergy Training
Kolkata-700071
Opp. Grand Hyatt, Vakola
Santacruz (East) Mumbai-400055 6. MUKESH SIROYA PCSA-1422
C-1, 1st Floor, Everest Building
Rediff.com India Limited 15 Months Suitable Dattapada Road, Opp. BMC School
1st Floor, Mahalaxmi Engg. Eastate Training Borivali (E) Mumbai-400066
L.J. Road, No. 1, Mahim (West)
Mumbai-400016 7. A.S. RAMKUMAR PCSA-1423
1-1-648/1, Opp. Narayana Towers
Arex Industries Limited 15 Months Suitable Near Canara Bank, Gandhi Nagar
612, G.I.D.C. Estate Training Hyderabad-500080
Chhatral Tal. Kalol Distt.
Gandhinagar-382729 8. DEEPAK JAIN PCSA-1424
27, 7th Floor, Ramsmruti Building
Atherstone Capital (Asia) Ltd. 15 Months 7500 Kashinath Dhuru Road
4th Floor, Valecha Chambers Training Opp. Kirti College, Dadar (W)
New Link Road, Andheri (West) Mumbai-400028
Mumbai-400053
9. NIKHIL SETHI PCSA-1425
MIRC Electronics Limited 15 Months Suitable C-7, Bali Nagar
Onida House, G-1, M.I.D.C. Training New Delhi-110015
Mahakali Caves Road
10. PRADEEP R. CHOTALIA PCSA-1426
Andheri (East), Mumbai-400093
7, Park View Complex
Madhya Pradesh Laghu Udyog 15 Months Suitable Opp. Vardhaman Complex,
Nigam Limited Training Subhanpura, Vadodara-390023
4th Floor, Panchanan Bhavan
11. MS. RITU PATWARI PCSA-1427
Malviya Nagar, Bhopal-462003
20/23A, N.S.C. Bose Road
The Delhi Stock Exchange 03 Months Grahmsland, Kolkata-700040
Association Limited Practical
12. JAYARAMA K. PCSA-1428
DSE House, 3/1, Asaf Ali Road Training
#403, 4th Floor, Commerce House
New Delh-110002
Cunnigham Road, Bangalore-560052
Eastern Region 13. Swaminathan Ganesh PCSA-1429
Jessop & Co. Ltd. 15 Months 7500 1B, Oakland (Rear Bldg.)
Landmark, Floor-5, 228A, Training 17, Malony Road, T. Nagar
AJC Bose Road, Kolkata-700020 Chennai-600017

CHANGE IN NAME AND ADDRESS OF THE COMPANY ATTENTION STUDENTS!

IMPARTING 15 AND 03 MONTHS PRACTICAL Fee Concession to Physically Handicapped
TRAINING
FROM: Global Tele Systems Limited The Council of the Institute has decided to grant 50%
40-A, G.B. Ambedkar Marg, Wadala, concession in payment of Registration/Examination Fees by the
Mumbai-400031 candidates belonging to Physically Challenged (including
TO: GTL Limited blindness) category with effect from 1st July 2006. For availing
Global Vision, ES-II, MIDC, the aforesaid benefit, such applicants/students will be required
TTC Industrial Area, to submit a certificate issued by the Medical Supdt. of a State/
Mahape, Navi Mumbai-400710 Central Government Hospital to this effect.

33