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Enewseltter for the Month of July 2016.Cdr

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Enewseltter for the Month of July 2016.Cdr SIRC eNewsletter Issue No.7 July 2016 “ICSI-SIRC House”, No.9 Wheat Crofts Road, Nungambakkam, Chennai 600 034 Tel No.28279898; 28268685, 28222212 Email: [email protected]: Website:www.icsi.edu SIRC eNewsletter SOUTHERN INDIA REGIONAL COUNCIL Chairman CS Sivakumar P Vice Chairman CS Ganapathi G M Secretary C O N T E N T S CS Ramakrishna Gupta R Treasurer From the Chairman 1 CS Mohan Kumar A 3 Members Events CS Dhanapal S 4 CS Nagendra D Rao Articles CS Shastry P S SIRC Activity Report 30 Ex-officio CS Ahalada Rao V Chapter's Activity Report 38 CS Gopalakrishna Hegde CS Ramasubramaniam C Opportunities for Members Co-opted Members & Students 67 S Krishnan, I.A.S S B Gautam Announcement for Members 68 Announcement for Students 73 ICSI-SIRC eNewsletter/ July 2016 FROM THE CHAIRMAN Dear Professional Colleagues, The 10th Southern India Needless to mention that the Regional Regional Conference of Conference is being organized at Kochi after a P r a c t i c i n g C o m p a n y gap of 22 years. I have every hope that all of you Secretaries on the Theme: will be making your travel arrangement to attend PCS - Waves of Change: this memorable conference. We are trying our Ocean of Opportunities was best to be innovative and give you a conference organized on 5th & 6th, August 2016 (Friday & that you will cherish for a long time. Saturday) at Hotel Heritage Madurai jointly hosted The SIRC is planning to organize a two day by Madurai & Coimbatore Chapters. Prof. S. programme on NCLT and NCLAT at Chennai. Shri Subbiah, Vice-Chancellor, Alagappa University K. Anantha Padmanabha Swamy, Member was the Chief Guest & Dr. CS Shyam Agrawal, (Judicial) and Ch. Mohd. Sharief Tariq, Member Vice President, The ICSI delivered the Special (Judicial) have kindly consented to preside over Address. The Conference was attended by the programme. I request the members to attend Members from all over the Southern Region, and the programme & enrich the deliberations. eminent Speakers addressed the gathering. Hon’ble Jusitce S Vimala delivered the Valedictory The Last date for payment of Annual Membership st address. Fee for the year 2016-2017 is 31 Aug 2016. Members who are yet to pay may kindly make the The next Mega Programme of the SIRC is the 41st payment through online or through the Regional Regional Conference on the theme Rewarding Office. Arena: Reaping Benefits - CS - Growing by Leaps and Bounds is being held on 14th & 15th October The ICSI observed the month of July as the 2016 at Ramada Cochin Resorts (a 5 Star Students Month. The SIRC organized various Deluxe luxury retreat), Kumbalam, programmes aimed at students, and conducted a Ernakulam, Kerala. number of Career Awareness Programme in Tier II and III cities. I compliment the Mangalore & I invite you to attend the Conference and block the Hyderabad Chapter for having conducted the dates. Eminent Speakers and renowned intellects highest number of CAPs among all the chapters are being invited to Speak at the conference. in the country. ICSI-SIRC eNewsletter/ July 2016 1 All India Student Conference which was to be held on 30th & 31st July 2016 at Bangalore was rescheduled due to Karnataka Bandh & the same is now being held on 23rd & 24th September 2016. The power of belongingness and brotherhood is known to all of us. Many a times we lend to think that our success as a personal achievement and forget the contribution of the community we belong to-in our case, as professional, the community of Company Secretaries. The CS Benevolent Fund is one of such collective effort towards extending the much needed financial support to the community of Company Secretaries in times of distress. I appeal to Members who have not joined the Company Secretaries Benevolent Fund to become its life members and extend the benevolence to your brothers in times of sorrow. The ICSI-SIRC is planning to organize the month of September as CSBF Month. The details of the CSBF month will be announced shortly. I look forward to your valuable support in making this effort a meaningful one. With regards, Yours Sincerely, CS Sivakumar P Chairman, ICSI-SIRC [email protected] ICSI-SIRC deeply regrets to record the sad demise of CS Raju T S, Practising Company Secretary, Chennai May the Almighty give sufficient fortitude to the bereaved family members to withstand the irreparable loss. May the departed soul rest in peace. ICSI-SIRC eNewsletter/ July 2016 2 for the month of August 2016 (held / to be held) Block your Diary! Paid/ Date & Venue/ Event Speakers Free Timing PCH . Hotel 10th Southern “Secretarial Audit” Paid 5-6, August Heritage India Regional CS Dr. Ravi B 2016 Madurai Conference of Practicing Company Secretary Practising Chennai (Saturday & Company Sunday) PCH – 8 Secretaries on “Arbitration and Mediation” “PCS - Waves of Shri. Thiruvengadam B C PDP - 16 Change: Ocean Senior Partner, Thiru & Thiru of Opportunities” Bengaluru “FEMA-Changes in FDI Regulations” CS Sridhar R Partner, LeapRidge Advisors Ltd, (Member firm of Crowe Horwath International), Chennai “Insolvency and Bankruptcy Code 2016” CS Om Prakash K V Director, Conscientia Consultancy P. Ltd Bengaluru “NCLT / NCLAT” Shri R Vidya Shankar Partner, Ramani & Shankar Coimbatore Free 09.08.2016 ICSI- Study Circle CA Murali J SIRC Meeting on Chartered Accountant Tuesday House, "Latest updates Chennai Chennai on Sales Tax" PCH 1 Free 15.08.2016 ICSI- Independence Shri. S T Perumal SIRC Day Celebrations Wing Commander – Airforce Monday House, (Retd), Chennai Chennai Paid 26 & 27, ICSI- 2 day program Shri K. Anantha Padmanabha August 2016 SIRC on “NCLT/ Swamy, Member (Judicial) House, NCLAT” PCH -8 Chennai Ch. Mohd. Sharief Tariq, Member (Judicial) * It is only tentative, separate email will be sent before each programme ICSI-SIRC eNewsletter/ July 2016 33 My Nostalgia of CS Profession - 5 -CS Subbaraman TP Interview with Rank Holders in CS Foundation -CS Mohan Kumar A Consolidated Financial Statement - CS Divesh Goyal Regulatory Updates during July 2016 - CS Achuthan R - CS Sanka Indrani ICSI-SIRC eNewsletter/ July 2016 4 CS Subbaraman TP Former Secretary, The ICSI MY NOSTALGIA OF CS PROFESSION – 5 Although the Institute got the exparte injunction vacated in Feb.71, Jaitley went on appeal to the court of Senior Sub Judge, Delhi. The Institute in the meanwhile advertised for the position of Secretary and no one joined for different reasons. Saharya (then ROC of Delhi) was requested to continue till a regular wholetime Secretary could be appointed. DCA permitted about 10 Govt. staff , working earlier in the CS Branch, to serve the Institute on deputation until Institute could establish its own Secretariat. With the limited finance available to the Institute, the Council decided to have an Asst. Secretary only in the initial stage, to perform the duties of Secretary. Santhanam, who joined as Sr. Assistant on deputation was promoted as Superintendent and was asked to officiate as Asst.Secretary till a regular Asst. Secretary could be appointed. This was the scenario in February 1971. The Council decided to scrutinize the list of GDCS qualified persons and made a panel wherein my name also appeared. After interviewing the panel candidates, I was finally selected and offered the post through the Ministry of Defence where I was then working. I accepted the offer and joined as wholetime secretary in the rank of Asst. Secretary on the Tamil New Year day, 14th April, 1971. At the first meeting after I joined, Krishnan as President set an aggressive target including holding of an All India Conference of Company Secretaries in May 1971 in Chennai, maintenance of an Employment Register for qualified GDCS, to revise syllabus and practical training requirements, to establish four Regional Councils with necessary regulations, to establish library in HQ, to provide library facilities in all RCs, to publish a regular journal for members, and to take steps for obtaining a plot for the Institute in Delhi. Accordingly, with the assistance of my limited staff, we organized the first All India Conference of Company Secretaries on the role and responsibility of company secretaries, in Connemara Hotel, Chennai, on 21 & 22 May 1971. It was a great success, bringing visibility of company secretary as a professional on an All India basis, from North, South, East and West. R.Prasad, Secretary of DCA and our first President gave the cheering news that the Govt. is contemplating some amendments to Company Law to make it obligatory for companies above a particular size to employ qualified secretaries. Corporate bodies may not be allowed to function as CS, he said, perhaps intending to abolish the system of Managing Agents and Secretaries and Treasurers. He also desired to give a statutory status to the Institute and the CS as a professional. He expected that public and private sector would appoint a secretary as a necessity and not as luxury. D.L.Mazumdar and Bhaskar Mitter chaired two technical sessions and Justice Ram Mohan Rao spoke as a guest speaker. It was concluded that the status of Secretary ultimately depended on the individual himself and his total contribution to the corporate entity he served. In July 1971, I was asked to organize a function with Dy.Minister Bedabrata Barua as Chief Guest, to open a library, establish RCs, provide regulations for their working and start a journal. The function was successfully organised on 31st July, 1971 on the lawns of the Institute Sectt. office in No.1, Rani Jhansi Road, New Delhi. The journal named Chartered Secretary was released as a quarterly on that date. A library was opened in HQ, four RCs with territorial jurisdiction was notified on that date and honorary FCS was conferred on the past two Secretaries of DCA, R.C.Dutt and R.Prasad.
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