36TH ANNUAL REPORT 2016-17 Hyderabad Chapter
Shri Bandaru Dattatreya, Hon’ble Minister for Labour & Employment (I/C), Gol, releasing an ICSI Publication on 16.04.2016 during the ‘Whirlwind Plenary on Evangelizing the International Corporate Governance Day’
Shri K Taraka Rama Rao, Hon’ble Minister for IT, Govt. of Telangana & Other Dignitaries at ‘Youth Skill Fest- Yuva Kaushal’ held on 15.07.2016
THE INSTITUTE OF HYDERABAD Company Secretaries of India CHAPTER IN PURSUIT OF PROFESSIONAL EXCELLENCE Staturory body under an Act of parliament 6-3-609/5, Anandnagar Colony, Khairatabad, Hyderabad -500 004, India Tel : 040-2339 9541, 2339 6494, 2332 5458 E-mail : [email protected] Website : www.icsi.edu 12.07.2016: Members Meet with CS Mamta Binani 15-7-2016: Youth Skill Fest- Yuva Kaushal - JNTU President, ICSI - Park Hayatt Hyderabad Lighting the Inaugural Lamp by Smt. Amala Akkineni, Group Photo: CS (Dr.) PVS Jagan Mohan Rao and CS Co-Founder, Blue Cross of Hyderabad, Swami Datla Hanumantha Raju, Past Presidents, The ICSI, CS Bodhamayanandaji Maharaj, Director, Vivekananda Institute Ahalada Rao V, Council Member, ICSI, CS Mahadev of Human Excellence, CS (Dr.) Shyam Agrawal, Tirunagari Chairman of the Chapter & Other Members Vice-President ICSI (2016) & Other Dignitaries
03.08.2016: Curtain Raiser for Foundation Day 21.08.2016: ICSI- GST, CSR 5K WALK - Necklace Road Celebrations Month of Chapter by CS Mamta Binani, Flag Off by Shri M. Srinivas, IRS, Commissioner ,Customs, President, The ICSI Central Excise & Service Tax, Dr K Laxman, President, BJP- Telangana State & MLA, Shri Chitala Ramachandra Reddy, MLA, Shri N Ramachandra Rao, MLC, & Other Dignitaries
10.09.2016: National Seminar on NCLT & NCLAT – 07-08.10.2016: Two Day Residential National Programme - Governance of Corporate Jurisdiction - Hotel Manohar Emancipate Women Prodigy to Rule the Roost - Ramoji Film City Lighting the Lamp by Shri Vijay Kumar Jhalani, Council Lighting the Lamp by Ms. Daggubati Purandeswari, Former Member (Govt. Nominee), ICSI & Other Dignitaries Minister of State for HRD, GOI., Ms. Sailaja Kiran, MD, Margadarshi Chit Funds Pvt. Ltd, Ms. Meenakshi Datta Ghosh, IAS [Retd.] Former Secretary, GOI, CS Mamta Binani President, ICSI & Other Dignitaries ANNUAL REPORT 2016-2017 Hyderabad Chapter
ANNUAL REPORT 1st April 2016 to 31st March 2017
6-3-609/5, Anandnagar Colony, Khairatabad, Hyderabad -500 004 Tel : 040-2339 9541, 2339 6494, 2332 5458 E-mail : [email protected] : www.facebook.com/ICSIhyderabad Website : www.icsi.edu/hyderabad
1 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 2 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
TABLE OF CONTENTS
1. Chairman’s Message 5
2. Managing Committee 9
3. Details of Sub-Committees, Auditors and Bankers 10
4. Details of Team ICSI – Hyderabad Chapter 14
5. Notice of 36th Annual General Meeting 15
6. Report of the Managing Committee for the year 2016-17 16
7. List of Programs organized by the ICSI-Hyderabad Chapter 29
8. List of Career Awareness Programmes for the year 2016-17 40
9. List of Investor Awareness Programmes for the year 2016-17 46
10. Independent Auditors’ Report 47
11. Balance Sheet as at 31st March, 2017 49
12. Income & Expenditure Account for the year ended 31st March, 2017 51
13. Reserves & Surplus 52-53
14. Notes 2-19 54-64
15. Grouping Sheet For Balance Sheet Items as on 31.03.2017 65-78
16. Accounting Policies and Notes to accounts 79
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ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 4 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Chairman’s Message
Dear Astute Members, “The best way to find yourself is to lose yourself in the service of others.” - Mahatama Gandhi
This beautiful quote has inspired me to start my stint as Chairman of the most vibrant Chapter which has won accolades as the National Best Chapter several times by the Institute. Drawing an inspiration from such quote which etched deeply into my heart has infused an aim to contribute at my best in translating the vision of ICSI into reality. With such an inspiration, I had taken over the reins of ICSI Hyderabad Chapter with a passion coupled with enthusiasm to endeavor the continuous inspirational growth of the Chapter with earnestness and committed to make it more dynamic in enriching our CS profession. It gives me immense pleasure for having the opportunity to give back the Institute by serving as Chairman of the Chapter. At this instance, I would like to acknowledge that, your unstinted support and suggestions in the affairs of the chapter has propelled us in achieving excellence and to fly high the reputation of our Hyderabad Chapter. I sincerely appreciate your contribution towards our mission. With tremendous courage, commitment and dedicated team work of the Managing Committee of our Chapter, we have been successful in implementing the vision of ICSI especially in achieving professional excellence. I have drawn inspiration from the Vision 2020 of ICSI and have been putting my best efforts in driving the activities of Chapter in this direction. I believe in the saying “Leadership is the capacity to translate vision into reality -नेतृत्व वास्तविकता में दृष्टि का अनुवाद करने की क्षमता है।” Under the proficient guidance of our visionary President and persistant efforts of the Central Council, our Institute is reviewing Vision 2020 so as to revise it by Vision 2022 to cater to the needs of our profession and Industry. I take this opportunity on this occasion to share the happy moment and congratulate the ICSI for achieving the milestone of 50,000 Members. With this colossal strength we can make our presence heard in all corners of the country. National Best Chapter Award and Best Chapter Award under A+ Category It gives me great pleasure to inform that the ICSI Hyderabad Chapter has been adjudged as National Best Chapter for the year 2015 and I congratulate CS Issac Raj, Chairman for the year 2015 for his best efforts for achiveing the same. I also thank in this occassion, CS. Ahalada Rao V- Council Member, CS. R. Ramakrishna Gupta and CS. P.S. Sastry, Regional Council members for their support and guidance. Role of ICSI Hyderabad Chapter towards vision ICSI and building Brand image of ICSI The visibility of our Chapter has always been perceptive and far-sighted with innovative programs and unique concepts. We have adopted the 360 degrees approach in serving the ICSI, its members, students 5 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
and other stakeholders in designing and organizing our programs. Our Chapter has always been ahead in introducing innovative ideas and out of the box concepts to the ICSI which have also contributed towards the tremondous growth of CS profession and visibility of ICSI. It is evident that during the previous year, our Chapter has pioneered an innovative concept of initiating the proposal by ICSI for observing a day in a year as “International Corporate Governance Day” and organised International Congruence to elevate this exceptional concept to UNO through Government of India. It gives me great satisfaction that our former Chairman CS. Mahadev Tirunagari and our Council member CS Ahalada Rao V. have played a key role in conceptualising, developing the theme for which i was also part of the team in driving the concept and orgnaising the International Congruence on ICGD by our Chapter. It gives me great pleasure to share that our Chapter is also instrumental in drafting of the “International Corporate Governance Code (ICGC)” which would be a universally acceptable uniform code for governance, if accepted and adopted by various nations. This is not only enhances the brand image of ICSI but will also elevate India in International Corporate arena. Opportunities for CS and Role of Chapter for professional development The activities of our chapter for this year has significantly focussed on Capacity‘ Building’ for our members and students. Majority of the programs are designed enhance the skill sets of the Members and students and to build capacity. The scope and opportunities for CS profession has been expanding multi-dimensionally. Since the introduction of the Companies Act, 2013 the role of CS in corporate has been positioned as a KMP and Secretarial Audit has given a new identity to the profession. Introduction of the Goods and Service Tax Act, Insolvency and Bankruptcy Code, National Company Law Tribunal and National Company Law Appellate Tribunal has opened new avenues for the Company Secretaries and now we have wide range of opportunities not only to serve the corporate or business entities but also to serve our nation at large. Bank Concurrent Audit and other Audits in banking sector During the year 2016-17 our Chapter has made its efforts to explore new avenues for Company Secretaries. One such avenue is in the Banking Sector i.e., Bank Concurrent Audit and our Chapter has brought the same to the attention of the ICSI Head Quarters to take it forward with RBI and Indian Banks Association. We hope that, we would get this recognition also and our professional colleagues will take up this new challenge as our Company Secretaries are already dealing with Internal Audit under the Companies Act, 2013. The role of our Chapter is to enhance the skills of our members by impart thorough training to equip ourselves in enriching the knowledge and ability to conduct such audit. Other innovative programs for serving the members and students Health Risk Assessment Program and CSBF Benefit Show Our Chapter has been serving the members and students not only on professional front but also on personal front. We had taken a new and innovative initiative in association with Care Hospitals in organizing Health Risk Assessment program by conducting free medical tests and Blood investigations etc.. for our CS members and their families (30 people per day) every Friday and Saturday for a period of 6 months from which approximately 1500 people will avail the benefit. We had also contributed an amount of Rs.30,000/- for CSBF by organizing a special CSBF benefit show at IMAX theatre with CS members and their families and other contributions.
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Since 18th January 2017, our Chapter has adopted trend setting approach in orgnaising various programs with the object to provide practical exposure to build the skill set of participants to independently handle professional work. • Organising ‘In house Capacity building Training programs at corporate hubs’ which will help our members at various corners of city to attend the programs conveniently at their workplaces. • Organising ‘Research Atelier Programs’ for making threadbare discussion on provisions, Rules and Regulations of various corporate laws. • Organising ‘Discusssion Meetings’ with the members on various corporate law matters by providing a platform to members as speakers and also for sharing their experiences in handling major corporate tasks and to create awareness on various concerns that may a rise while handling such challenging tasks. • Organising special programs in the fields of legal, finance, human resource and labour law matters to acquiant members for working on new emerging areas which help in exploring new avenues and opportunities. Upcoming programs We would also like to conduct programs in areas of communications and technology etc. for the overall development of students and members. We aim to provide as many takeaways as may be possible for participants. During the past 6 months we have organized 30 of programs and we have also planned for organizing various skill development programs not only in the academic perspective but also in the areas of soft skills, etc. and overall professional development of members. Keeping in view the number of programs, we have introduced attractive and most beneficial Annual Participation Scheme for members and students. The members and students may make the best use of same. Professional Development programs and achievements Our Chapter has conducted a one day seminar on Insolvency and Bankruptcy code with the gracious presence of Shri Vinod Kumar B, Hon’ble member of Parliament, also member of Parliamentary Joint Committee on IBC and Shri Ravikumar Duraisamy, Hon’ble member, NCLT- Technical and our beloved Former President CS (Dr.) U.K Chaudhary. The following are list of highlights of the programs of the Chapter since 18th January, 2017 Ü Seminar on Modus Operandi of Mergers and Amalgamations – Insight into NCLT Mechanism Ü Seminar on Migration to GSTN – Practical Aspects with Live Demonstration of Enrolment Process Ü 68th Republic Day Ü Annual Fellowship Meet 2017 Ü Analysis of Union Budget 2017 Jointly with ICAI(CMA) Ü Two Day Workshop on Indian Security Market Ü Seminar on Opportunities, Challenges for CS & Draft Secretarial Standards for Dividends and Statutory Registers Ü Programme on Competition Law & Compliance Ü International seminar on “Commerce Education--New Paradigms in Accounting and Finance” organising by Osmania University Ü Seminar on FEMA - Forex for you” organised by RBI Ü Programme on Global Corporate Trends- Women Leadership Ü Study Circle Meeting on FEMA-FDI Ü Seminar on Insolvency and Bankruptcy Code, 2016 Ü Workshop on Corporate Social Responsibility Ü Interactive Meeting on Striking off companies u/s 248 Ü Intellectual Property Rights (IPR) for Innovative Entrepreneurship Jointly with NI-msme Ü Seminar on Private equity funding & Culmination of Draftmenship of Investment Agreement Ü Research Circle - Atelier Sessions Ü Seminar on Decipher the obscure Areas 7 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
of Insolvency & Bankruptcy Code, 2016 & NCLT Ü 11th Residential Programme on “Spark the Elegant Smile with Helthy Breathe Ü Workshop on Corporate Resolution Process Ü Seminar on Emerging Areas for Practicing Company Secretaries, “Four Square Audit”. Our core object in designing programs is to create every opportunity to CS members for enriching their knowledge and improving their skills, adhering to the objects of ICSI. Our Chapter also looking forward to provide the Campus Placements and placement services for our members, in view of incresing job opportunities in the Corporate. Hyderabad Chapter Building Construction The Managing Committee of the Chapter is presently working on priority basis on our dream project of constructing a new Building for the Chapter in place of the existing premises. We had overcome several hurdles and had taken abundant precausionery measures through public notice for the construction of the building without any obstacles. We are putting our best efforts to complete our dream project. During the year the Infrastructure Committee for Hyderabad Chapter Building Project of ICSI and Managing Committee of Hyderabad Chapter have taken necessary steps for the building project and Chapter has forwarded the building plans to the SIRC for its recommendation to HQ. The SIRC has also granted its approval for the same and agreed part contribution towards the cost of building project. I am hopeful that the construction of new building would be completed during the term of this committee. Acknowledgement I sincerely thank my collegues at Managing Committee CS.Issac Raj P G, CS. Mahadev Tirunagari, CS. Kavita Rani, CS. Rahul Jain, CS.KPC Rao, CS.Ravi Kumar Mandavalli, and especially our Central Council member CS. V. Ahalada Rao and CS. R. Rama Krishna Gupta, Vice Chairman, SIRC and CS. P.S. Shastry, Member, SIRC, EX-Officio Members and Shri. S.B. Gautam, (RD-SER) co-opted member for their stupendous support, encouragement, guidance in conducting Chapter activities. I also express my heartful thanks to the Staff of ICSI Hyderabad Chapter for putting their sincere efforts and hard work for the functioning of Chapter. I thank you all for encouraging and supporting us with your active involvement and participation in every program organized by us. Your contribution directly or indirectly as members of sub-committees, sponsors, volunteers, participants for the chapter activities and programs gives me immense satisfaction and courage to serve you at my best. I also thank our beloved CS (Dr) Shyam Agrawal, President, CS Makarand Lele - Vice President, CS Ahalada Rao V and other Central Council Members; CS Ganapathi, Chairman, CS Mohan Kumar, Secretary and all the members of Southern India Regional Council SIRC and CS. Dinesh Kumar Arora, Secretary of ICSI and Team of ICSI for their invaluable support . Looking forward for your involvement and suport in the activities of the Chapter.
Thanking you Yours truly CS. R. Venkata Ramana Chairman, ICSI - Hyderabad Chapter
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MANAGING COMMITTEE
CS Venkata Ramana Rajavolu Chairman
CS Kavitha Rani Sakhamuri Vice Chairperson
CS Rahul Jain Secretary
CS K. P. C. Rao Treasurer
CS Mahadev Tirunagari Immediate Past Chairman
CS Issac Raj P.G. Member
CS Ravi Kumar Mandavilli Member
CS Ahalada Rao V Ex-officio Member[Council Member, The ICSI]
CS R Ramakrishna Gupta Ex-officio Member [Vice Chairman & Treasurer, The ICSI – SIRC]
CS P.S. Shastry Ex-officio Member [Member, The ICSI- SIRC]
Shri S B Gautam Member Co-opted [Regional Director [SER], MCA(Addl. Charge)]
Shri V. S. Sarma Executive Officer
9 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Details of Sub-Committees of the ICSI–Hyderabad Chapter for the year 2017
Sl. No. Sub-Committee Name of the Chairperson Members CS Kavitha Rani S CS KPC Rao Finance & Accounts CS Ahalada Rao V 1. CS R Venkata Ramana Committee CS Ramakrishna Gupta R CS P S Shastry CS Rahul Jain CS Shujath Bin Ali CS K V S Subramanyam Public Relations CS Ch Buchi Babu 2. CS R Venkata Ramana Committee CS D V M Gopal CS N Anjaneyulu CS Rahul Jain (*) CS Prameela CS Ravi Pasad Reddy CS Laxminarayana CS Shankar V Class Room Teaching CS Ravi Kumar U 3. & Student Facilities CS Kavitha Rani Sakhamuri CS Y V Rao Committee CS A S Ram Kumar CS Navajyoth P CS R Venkata Ramana (*) CS Rahul Jain (*) CS Ravi Kumar U CS Laxminarayana CS Banabihari Sahoo 4. Library Committee CS Kavitha Rani Sakhamuri CS Shankar V CS Navajyoth P CS R Venkata Ramana (*) CS Rahul Jain (*)
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Sl. No. Sub-Committee Name of the Chairperson Members CS Shujath Bin Ali CS Akshita Surana CS Krishna Chaitanya S CS Priyanka Rajora 5. Newsletter Committee CS Rahul Jain CS Prashant Jain CS Manoj K Koyalkar CS Nihita Nagajyanti CS Namita V CS R Venkata Ramana (*) CS Nayar Beena K Practicsing Company CS Shinod K P 6. Secretaries Commit- CS K P C Rao CS R Venkata Ramana (*) tee CS Rahul Jain (*) CS Mahipal Reddy Professional Develop- CS M Siva S. Reddy 7. CS K P C Rao ment Committee CS R Venkata Ramana (*) CS Rahul Jain (*) CS R Ramakrishna Gupta CS Shujath Bin Ali CS Sridevi M Information Technolo- CS Venka Reddy 8. CS Mahadev Tirunagari gy Committee CS Rajesh Jain CS Nihita Naga Jayanthi CS R Venkata Ramana (*) CS Rahul Jain (*) CS R Ramakrishna Gupta CS Sujath Bin Ali CS Sridevi M CS Venka Reddy 9. Research Committee CS Mahadev Tirunagari CS Rajesh Jain CS Nihita Naga Jayanthi CS R Venkata Ramana (*) CS Rahul Jain (*)
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Sl. No. Sub-Committee Name of the Chairperson Members
CS Ravi Kumar Mandavilli CS B Suresh CS Anil V Career Awareness CS Kushboo 10. CS Issac Raj P.G Committee CS G Mahesh Kumar CS G Ravikanth CS R Venkata Ramana (*) CS Rahul Jain (*)
CS Mahadev Tirunagari CS P Jagannatham CS A Satyanarayana Training & Placement CS Satish Gupta 11. CS Issac Raj P.G Committee CS B Surendra CS Padma Shenoy CS R Venkata Ramana (*) CS Rahul Jain (*) CS Vasudeva Rao Devaki CS Sujat Bin Ali Inter-Institutional 12. CS Ravi Kumar Mandavilli CS Tasneem N Committee CS R Venkata Ramana (*) CS Rahul Jain (*) CS Tasneam N Investor Clinic CS Venkata Narasimha Chari 13. CS Ravi Kumar Mandavilli Committee CS R Venkata Ramana (*) CS Rahul Jain (*)
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Sl. No. Sub-Committee Name of the Chairperson Members CS R Venkata Ramana CS Kavitha Rani S CS Rahul Jain CS K P C Rao 14. Building Committee CS Ahalada Rao V CS Mahadev Tirunagari CS Issac Raj P.G CS Ravi Kumar Mandavilli CS R Ramakrishna Gupta CS P S Shastry Note: * Chairman and Secretary of the Chapter are Ex-officio Members of all the Sub Commit- tees except for Finance, Building Committees and other committees which they are Chairing.
STATUTORY AUDITORS INTERNAL AUDITORS M/s. Manohar Chowdhry & Associates M/s. S. Samba Siva Rao & Associates Chartered Accountants Chartered Accountants #204A, Concourse Complex, Opp. Lal Bungalow 1-8-300/C-16, Ist floor, Dharani Complex 7-1-58, Green Lands Road, Ameerpet New NTR Statue, Minister Road Hyderabad – 500 016 Secunderabad – 500 001
BANKERS State Bank of India, Anandnagar Colony Branch ICICI Bank, Khairatabad Branch
CHAPTER OFFICE 6-3-609/5, Anandnagar Colony Khairatabad Hyderabad – 500 004 Phones: 040-23399541 / 23396494 / 23325458 / Mob: 9491989900 Email: [email protected] Website: www.icsi.edu/hyderabad
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DETAILS OF THE STAFF OF THE ICSI – HYDERABAD CHAPTER
Sl. Name of the Official Designation Details of Duties No. Coordinating all Chapter activities as an 1. Mr. V.S. Sarma Executive Officer Executive Officer. Works related to Seminars, Preparing Seminar Brochures, website updation, IT related matters, 2. Mr. V. Srinivas Executive[Admin] sending email to members and General Correspondence etc. Coordinating Accounts and Finance works. Works related to student Activities, Career Awareness Programmes, Investor Awareness 3. Mr. V. P.C. Sharma Executive[Admin] Programmes; Examinations and General Administrative works etc., Works related to Training Programmes, Placement Activities, Preparing Seminar 4. Mr. V.S. Raju Sr. Executive Asst. Brochures, Updating Members List and sending emails etc., Jr. Executive Works related to Accounts and finalization of 5. Mr. M.B Praveen Kumar Assistant Annual Accounts etc., Sale of Publications & Collection of Membership 6. Mr. D. Ramprasad Executive Assistant fee, CSBF, Maintenance of Library etc., Jr. Executive Assisting in all programs like oral coaching 7. Mr. S. Sanjeeva Rayudu Assistant activities, administration works etc.,
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 14 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Notice of 36th Annual General Meeting
To The Members The ICSI – Hyderabad Chapter
NOTICE is hereby given that the 36th Annual General Meeting of the Members of the ICSI – Hyderabad Chapter will be held on Thursday, the 29th June, 2017 at 6.30pm at the Chapter Premises situated at 6-3- 609/5, Anandnagar Colony, Khairatabad, Hyderabad – 500 004 to transact the following business:
1. To receive, consider and adopt the Income & Expenditure Statement for the year ended 31st March, 2017 and the Balance Sheet as on that date together with the Report of the Managing Committee and the Auditors’ Report thereon. 2. To consider any other item with the permission of the Chair.
Members are requested to make it convenient to attend the meeting.
For and behalf of the Managing Committee The ICSI – Hyderabad Chapter
Place: Hyderabad CS Rahul Jain Date: 30th May 2017 Secretary
Note: Members are requested to send their queries, if any, to the Chapter or seek any clarifications or information, in writing or by e-mail on the matters pertaining to Annual Accounts latest by 27th June, 2017.
Meeting will be followed by Dinner
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REPORT OF THE MANAGING COMMITTEE FOR THE YEAR 2016-2017
The Managing Committee of The Institute of Company Secretaries of India – Hyderabad Chapter has pleasure in presenting the 36thAnnual Report and the Audited Accounts of the Chapter for the financial year ended 31st March, 2017 together with Auditors’ Report thereon. During the year under review (the Financial Year 2016-2017), the Chapter generated a surplus of Rs.32,52,101/- as against Rs.27,84,236/-for the year 2015-16 after meeting the cost of maintenance of the Chapter, which, in our opinion, was possible only with the support from all concerned Members of the Hyderabad Chapter, APS and APS+ members, the Leadership Team of the Chapter, Sponsors, the staff and all other patrons who have been associated with the Hyderabad Chapter. We take this opportunity to once again thank all the members and students for their continued and consistent support. The important achievements and activities of the Chapter are reported hereunder: IMPORTANT PROGRAMMES / ACTIVITIES DURING THE YEAR 2016-17 PAN India Program on ‘Whirlwind Plenary on Evangelizing the International Corporate Governance Day [ICGD] – 16.04.2016 As a part of PAN India programs, on 16th April, 2016 the Chapter organized ‘Whirlwind Plenary on Evangelizing the International Corporate Governance Day [ICGD]’ at ASCI whereat Shri Bandaru Dattatreya, Hon’ble Minister for Labour and Employment (I/C), Government of India was Chief Guest. The program was attend by a large number of Members and dignitaries of other sister institutes and regulatory bodies. On this occasion, Shri Bandaru Dattatreya in presence of the Managing Committee and other members, released a Special Postal Stamp on ICGD followed by hoisting of ICSI-ICGD Flag depicting the International Corporate Governance Day Logo and also released ICSI-ICGD balloons in the air. Further, Hon’ble Minister released a book on ‘Challenging Opportunities for PCS in Labour Law’ published by the ICSI. The Program was followed by Panel Discussions by various dignitaries of the other bodies, sister Institutions and Universities. ‘Embarking upon the Voyage of Research’ Jointly with CCGRT - 19.05.2016 to 21.05.2016 [Series-I] and 24.06.2016 - 25.06.2016 [Series-II]. Chapter organized a research seminar titled ‘Embarking upon the Voyage of Research’ jointly with ICSI CCGRT at Ni-msme, Hyderabad under the coordination of CS Ahalada Rao V, Council Member, the, ICSI. Shri K K Balu, Ex Chairman, CLB; Hon’ble Justice [Retd.) Shri TNC Rangarajan, CS Atul H Mehta & CS Makarand Lele, Council Members, The ICSI actively participated in the program apart from the Research Scholars from Hyderabad and various parts of the Country who have contributed a lot for the First Edition of ‘Premier on Company Law [Volume-I]’. Joint Seminar on Insolvency and Bankruptcy Code 2016 and Companies (Amendment) Bill 2016’- 28.05.2016 Chapter organized one day seminar jointly with FTAPCCI on ‘Insolvency and Bankruptcy Code 2016 and Companies (Amendment) Bill 2016’ at FTAPCCI premises. CS L V V Iyer, Partner L V V Iyer & Associates Corporate Lawyers, Shri Divyanshu Pande, Partner, J Sagar Associates, Mumbai & Shri P R Ramesh, Partner, Deloitte India Ltd., addressed the participants.
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PCS Day – 15.06.2016 On 15th June, 2017 Chapter celebrated PCS Day at MCA Bhawan, Bandlaguda wherein Shri S B Gautam, Regional Director [SER], MCA (Addl. Charge) & Shri N. Krishnamurthy, ROC, MCA, AP & Telangana State addressed the members. 60 Number of members participated in the program. Twin Programmes for Twin City Members on Harnessing Skills - Harvest Results - 18.06.2016 On 18th June, 2016 Chapter organized a seminar for Twin City Members on Harnessing Skills - Harvest Results wherein Shri Debendranath Panda, Judicial Member, CESTAT, Chennai & CS K S Ravichandran, Company Secretary in Practice, Coimbatore addressed the delegates. National Seminar on ‘Transcending Horizons - Capital Markets Way’ – 23.06.2016 On 23rd June, 2016 Chapter organized National Seminar on Transcending Horizons - Capital Markets Way’ at Hotel Manasarovar. Shri B. Kalyan Chakravarthy, IAS-Director General, EPTRI graced the seminar as Chief Guest and CS S. Sudhakar, Vice President (Corporate Secretarial), Reliance Industries Ltd, Shri Jitender Kumar, Member of Faculty, NISM (On deputation from the Capital Market Regulator, SEBI), Mumbai & CS S Chidambaram, Practicsing Company Secretary, Hyderabad addressed the delegates as speakers. Youth Skill Fest- Yuva Kaushal – 15.07.2016 On 15th July, 2016 Chapter organized Youth Skill Fest- Yuva Kaushal at JNTU. Swami Bodhamayanandaji Maharaj, Director Vivekananda Institute of Human Excellence was the Chief Guest, Smt. Amala Akkineni & Co-founder, Blue Cross of Hyderabad, CS (Dr.) Shyam Agrawal, Vice President (2016), the ICSI and CS C Ramasubramaniam, Council Member, the ICSI were the Special Guests in the Inaugural Session of the program. Shri K Taraka Rama Rao, Hon’ble Minister for IT, Municipal Administration & Urban Development, Industries & Commerce, Public Enterprises, Sugar, Mines & Geology, NRI Affairs, Government of Telangana was the Chief Guest for the Valedictory Session. Shri Bontu Rammohan, Mayor of the Municipal Corporation of Hyderabad; Shri M Krishna Rao, MLA, Dr. A. Govardhan, Principal, JNTU, Dr. N.Yadaiah, Registrar, JNTU have also graced the program as special guests. The Program was attended by around 1000 students from various colleges and 400 members apart from various dignitaries from the Industry and sister institutions. The Youth Skill Fest program was associated by many other Professional Institutions; Professional Bodies; Universities Viz. Osmania University; NALSAR University; Institute of Public Enterprises; Hyderabad Management Association; Institute of Directors; Institute of Cost and Management Accountants of India; Indo American Chamber of Commerce; T-HUB; TIE; NSDC, Skill India, HMTV etc., Wide publicity among all educational institutions not only restricting to commerce but also extended to engineering, medical and other non commerce colleges and addressed a large number of students about our Institute and also about this innovative program. The motto of the program is to meet the objectives of Make-in-India, Skill India, Start up and Stand up India, by inviting the creative ideas from the students which are capable of putting into economic usage. Panel Discussion on Gender Diversity in Corporate Board Room-03.08.2017 On 3rd August, 2016 Chapter organized Panel Discussion on Gender Diversity in Corporate Board Room at Hotel Novotel. CS Mamta Binani, President, the ICSI graced the program and participated in the discussions.
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Meeting on ‘Income Declaration Scheme-2016’ - 04.08.2016 On 4th August 2016 Chapter organized meeting on ‘Income Declaration Scheme-2016’ at Income Tax Towers. Shri B. Murali Kumar, IRS, Principal Commissioner of Income Tax Hyderabad-II, Shri Sushil Kumar, IRS, Principal Commissioner of Income Tax Hyderabad-I, Shri P.V. Rao, IRS, Principal Commissioner of income Tax-Central addressed during the meeting and our members had good interaction during the meeting. GST, CSR 5K WALK – 21.08.2016 On 21st August, 2016 Chapter organized ICSI- GST, CSR 5K WALK at Necklace Road. Dr. K Laxman, President, Bharatiya Janata Party [BJP], Telangana State& MLA; Shri Chintala Ramachandra Reddy, MLA; Shri N Ramachandra Rao, MLC, Shri M. Srinivas, IRS, Commissioner, Customs, Central Excise & Service Tax and Shri Daivagna Sharma, Numerologist were the Special Guests. The number of Members & around 2000 Students from various colleges participated in the 5k walk. National Seminar on NCLT & NCLAT – Governance of Corporate Jurisdiction - 10.09.2016 On 10th September, 2016 Chapter organized National Seminar on NCLT & NCLAT – Governance of Corporate Jurisdiction at Hotel Manohar. Shri Vijay KumarJhalani, Council Member [Government Nominee], the ICSI ; CS Saurabh Kalia, Sastra Legal – New Delhi, CS Amit Gupta, Amit Gupta & Associates, Lucknow, CS. S. Chidambaram- Company Secretary in Practice, Hyderabad and CS R. Ramakrishna Gupta, Secretary, ICSI SIRC addressed the participants. National Training Program on “Emancipate Women Prodigy to Rule the Roost”- 7-8.10.2016 On 7-8 October, 2016 Chapter organized National Training Program on “Emancipate Women Prodigy to Rule the Roost” in association with National Stock Exchange, Mumbai at Ramoji Film City. Mrs. Daggubati. Purandeswari, Former Minister of State Human Resources Development Govt. of India was the Chief Guest, CS Mamta Binani, the President, ICSI,Special Guest, Mrs. Sailaja Kiran, Managing Director, Margadarshi Chit Funds Pvt., Ltd.was Key-Note speaker and Mrs. Meenakshi Datta Ghosh, IAS (Retd.) & former secretary Govt. of India was guest and addressed the participants in the inaugural session. Ms. Vanitha Datla, Managing Director, ELICO Healthcare Services Limited, Ms. Harini Balaji, General Manager, SEBI Mumbai, CS. Dipti Mehta, Company Secretary, Mumbai; Ms. Divya Poojari & Ms. Khyati Vidwans, Manager NSE Mumbai & Deputy Manager NSE, Mumbai, were the speakers. Dr. V. Narasimhan, Chief Regulatory Officer, NSE, Mumbai and CS. Dinesh Chandra Arora, Secretary the ICSI graced the valedictory session as Special Guests and addressed the participants. National Best Chapter Award and Best Chapter Award under A+ Category The ICSI- Hyderabad Chapter was awarded as National Best Chapter and also Best Chapter Award under A+ grade category Award for the year 2015 and the Award was received by CS. Issac Raj P G, Chairman (2015) along with CS Mahadev Tirunagari, Chairman (2016) and other Managing Committee members from the hands of Smt. Smriti Z Irani, Union Minister of Textiles, Government of India in the 44th National Convention of ICSI held in November 17-19, 2016 at Gandhinagar, Gujarat. 1stGlobal Congruence to Promulgate International Corporate Governance Day (ICGD)- 8-9 December, 2016 In the history of the corporate governance in order to make a huge difference in the corporate world, for the first time, a concept of having an International Day for Corporate Governance and having an universally
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accepted corporate governance norms across the world is proposed by CS Mahadev Tirunagari, the then Chairman of the Chapter and a great momentum was bought into it by CS Ahalada Rao V, Central Council Member by taking it up as the Institutes’s focused priority item. To congregate the consensus from the International world for ICGD, the 1st Global Congruence is conducted at HICC, Hyderabad by the Headquarters and the chapter has facilitated the entire proceedings and support to the program. Various speakers from abroad as well as within the country have spoken on the topic and tried to clear the delirium over the concept of ICGD. The Global Congruence has spread over two day i.e, 8-9 of December 2016 and a resolution with absolute majority for having a Day as ICGD was passed at the end. Shri S. Niranjan Reddy, Vice-Chairman, State Planning Board, Govt. of Telangana, Hyderabad was the Chief Guest and Shri. S L Bunker, Member, CCI was the Guest of Honor, CS Mamta Binani, President (2016), the ICSI, CS Gopalakrishna Hegde, Council Member, the ICSI and CS P Siva Kumar, Chairman (2016), ICSI-SIRC were the Special Guests for the Inaugural Session. CS Dinesh C Arora, Secretary, the ICSI was also present in the Inaugural Session. CS Atul H Mehta, Past President, the ICSI, CS Makarand M Lele, Council Membr, the ICSI, Capt (Dr) Uday Singh, Consultant and Corporate Trainer; Shri. Khushro Bulsara, Senior General Manager, Listing Compliance, BSE Ltd.; Ms. Meenu Thakur, Kuchipudi Artis, Guru and Choreographer; Dr. Joshua A. Okumbe, Chief Executive Officer, Centre for Corporate Governance, Kenya; Lt Gen. J S Ahluwalia, PVSM (Retd.), President, Institute of Directors ; Dr S P Sharma, Chief Economist, PHD Chambers ; Representative from Microsoft; Shri Ajit Rangnekar, Former Dean, ISB, Hyderabad; Dr. Indrajit Dube, Associate Professor, IIT Kharagpur; Shri. R K Khwaja, Former Secretary to the Government of India, Ministries of Tourism and Mines; Shri. P K Prusty, IRS, Ministry of Finance; Shri. Amit Tandon, Founder and Managing Director, Institutional Investors Advisory Services ; Shri. ZVS Prasad, Registrar, Delhi University; Shri. Pavan Kumar Vijay, Past President, the ICSI, Chairman, SSB ; Shri. Rohit Kocchar, Chairman & Managing Partner, Kocchar & Co.; Ms. Sharmila Gopinath, Asian Corporate Governance Association Ltd. Shri. D.N.R.Siriwardena ; Shri. Tom Oyugi Omariba ; Dr. Joshua A Okumbe; Shri. Mohamad Amru Reza ; Shri. Trisno Nugroho; Mrs. Shelly K. Laksono Silalahi were the Moderators / Speakers and addressed the participants in the Global Congruence. Shri Konijeti Rosaiiah, Former Governor, Tamilnadu and Former Chief Minister, Andhra Pradesh was the Chief Guest, CS (Dr.) Shyam Agrawal, Vice President (2016), the ICSI; Shri Mehrdad Pahlavani, Islamic Republic of Iran, Shri Vijay Kumar Jhalani, Council Member (Govt. Nominee), the ICSI, CS C Parthasarathy, Chairman & Managing Director, Karvy Group were the special guests for the Valedictory Session. CS Dinesh C Arora, Secretary, ICSI was also present in the Valedictory Session. The objective behind this program is to bring consensus in the form of solutions to the following critical aspects of corporate governance: 1. Is Corporate Governance not relevant to common Man? 2. Is Corporate Governance only applicable to listed entities? 3. Is Corporate Governance to be seen as self regulated or statutory regulated? 4. Is Corporate Governance to be seen in business sense or in legal sense? 5. Corporate expanding beyond the horizons of the country. Then is there a necessity to bring some uniformity in the principles being followed across the globe?
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Half day Seminar on Modus Operandi of Mergers and Amalgamations – Insight into NCLT Mechanism – 19.01.2017 On 19th January 2017 Chapter organized a seminar on Modus Operandi of Mergers and Amalgamations – Insight into NCLT Mechanism at Hotel NKM Grands. CA Jayesh Sanghvi, Partner – Ernst & Young LLP, CA Nayan Saboo, Manager, Transaction Tax, Ernst & Young LLP and CS (Dr.) K.S. Ravichandran , KSR &Co., Company Secretaries LLP, Coimbatore addressed the participants. Half day Seminar on ‘Migration to GSTN – Practical Aspects with Live Demonstration of Enrolment Process’-25.01.2017 On 25th January, 2017 Chapter organized seminar on Migration to GSTN – Practical Aspects with Live Demonstration of Enrolment Process’ at Hotel NKM Grands wherein Shri S. Suresh Kumar, Superintendent Customs, Central Excise & Service Tax Dept and CS P.K. Singh, Company Secretary in Practice addressed the participants. Two day Workshop on Indian Securities Market - 11-12.02.2017 On 11-12th February, 2017 Chapter jointly with NALSAR University organized a two day Workshop on Indian Securities Market at NALSAR University. Prof. (Dr) Faizan Mustafa, Vice Chancellor, and Prof. V. Balakista Reddy, Registrar, NALSAR university, Shri V S Sundaresan, Chief General Manager, SEBI and CS Ahalada Rao V, Council Member, the ICSI were graced the Inaugural Session. CS Pavan Kumar Vijay, Founder, Managing Director, Corporate Professionals Capital Pvt.Ltd & Former President, the ICSI, CS Savithri Parekh, SVP Legal & Secretarial, Pidilite Industries Limited, Shri V K Ganesh, CEO, Karvy Computer Shares Pvt. Ltd., CS Narayan Shankar, Vice President & Company Secretary, Mahindra & Mahindra Ltd, Shri V S Sundaresan, Chief General Manager, SEBI, Shri Suprapath Lala, VP, NSE India and CS G. Raghu Babu, Company Secretary in Practice were addressed the members during the workshop. Full day Seminar on “Insolvency and Bankruptcy Code, 2016” ICSI-Jointly with ICSI Hyderabad Chapter -23.03.2017 On 23.3.2017 Chapter organized a full day seminar on “Insolvency and Bankruptcy Code, 2016 at Auditorium of Centre for Economic and Social Studies (CESS). Hon’ble Justice Shri TNC Rangarajan (Retd.) graced the inaugural session as Chief Guest. Shri Gaurav Gupte, Partner, M/s Cyril Amarchand Mangaldas, Mumbai, Ms. Varsha Banerjee, Associate Partner M/s. Dhir and Dhir Associates, New Delhi, Ms. Ekta Bahl, Partner, M/s. Tatva Legal, Hyderabad & CS R Ramakrishna Gupta, (Vice Chairman & Treasurer, ICSI-SIRC), Senior Partner, M/s. R&A Associates, Hyderabad were the speakers. The seminar was followed by panel discussions by active participation of the participants. Shri K. Koteswara Rao, Convener, All India Forum for Small & Medium Industries, Shri S.V. Ram Kumar, Partner, Earnest & Young, CS Oruganti Venkata Ravi, Independent Consultant - Legal & Compliance and Operational Risk and Shri E. Chengalrayulu, Executive Director, APSFC were acted as Panelists in the panel discussions. Corporate Social Responsibility (CSR) - 30.03.2017 On 30th March, 2017 Chapter organized jointly with ICAI & ICAI(CMA) in association with MCA organized workshop on Corporate Social Responsibility at Auditorium, Nimsme. Shri S.B. Gautam, Regional Director (SER), MCA, Shri N. Krishnamurthy, Registrar of Companies, AP &Telangana State were the Chief Guest
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 20 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
and Guest of Honor respectively and addressed the participants during the inaugural session. CS S. Balachandra, Company Secretary in Practice , CA Ganesh Balakrishnan were the speakers. Co-option: The Managing Committee of the ICSI- Hyderabad Chapter has Co-Opted the following persons on the Committee for the year 2016:
1. Shri S B Gautam, Regional Director [SER], The Ministry of Corporate Affairs, (Addl. Charge)]
2. Shri B Murali Kumar IRS, Principal Commissioner of Income Tax -II, Hyderabad.
The Managing Committee also places on record its appreciation to the following sponsors:
APITCO Limited
Asara Mangement Advisors Private Limited
Bharathi Cement Corporation Private Limited
Bombay Stock Exchange Limited
Chaitanya Bharathi Institute of Technology (CBIT)
CCL Products (India) Limited
Cyient Limited
Desikan Karathur (iimt)
Dhrumatara Consultants Private Limited
Doctorstime Health Services PrivateLimited
Greenco
Hetero Drugs Limited
Institute of Public Enterprise
IP markets
Karvy Group
Kiocl Limited
Matha Caterers
Megha Engineering & Infrastructures Limited
Microsoft India Private Limited
21 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Natco Pharma Limited
National Stock Exchange of India Limited
Nagarjuna Construction Company Limited
NJR Constructions Limited
NMDC Limited
PCS Securities Limited
Rainbow Children’s Hospital
Ravi Tours &Travels
SBI Life Insurance
Shantha Biotechnics Limited
Satyam Learning Campus Institute of Engineering and Technology
Sri Chakra Cement Limited
Svas Investments Private Limited
Syndicate bank
Tanvi Foods India Limited
Tejo Vaishnavi caterers
United States Pharmacopeia India PrivateLimited
Vishwa Vishwani Institute of Systems and Management
Vishwa Vishwani School of Business
VST Industries Limited
ACTIVITIES OF SUB COMMITTEES: Class Room Teaching & Students Facilities: The Chapter organized various programmes such as Teachers’ Day celebrations, Quiz programmes, Personality Development programmes. Chapter also conducted 105 Career Awareness Programmes among Junior, Degree and Post Graduate Colleges in twin cities and other Cities in Telangana State and Andhra Pradesh 12272 Students were addressed. More than 312 Students have undergone oral coaching at the classes conducted by the Chapter during the year under review. Professional Development: During the year Chapter organized Two (2) National Seminars,Two (2) Study Circle Meetings; Fifteen (15) Interactive Meetings, Twenty (20) Paid Seminars/ Workshops including Joint Programmes and Special ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 22 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Programmes Viz. ICGD, Youth Skill Fest, Pedal the Peace Cycle, 5K Walk and Month long Foundation day celebrations and invited speakers and dignitaries from various fields viz., Corporate; Professionals; Industry, Academics and Regulators. Practicing Company Secretaries: The Chapter conducted Various Programmes / Interactive Meetings for the benefit of practicing members on topics of professional interest and relevance. Training & Placement: Chapter conducted Three (3) 2 Days Induction, Two(2) 3 Days e-Governance, Two (2) 5 Days Skill Development, One (1) 5 day Entrepreneurship, Two (2) Executive Development Program (EDP) and Three (3) Management Skills Orientation Program (MSOP). The Chapter regularly receives requests from various companies/placement agencies for providing placement opportunities for Company Secretaries and the Chapter had forwarded the same to the Companies/Agencies concerned. Details about placement opportunities/conduct of training programmes were uploaded on the ICSI Website from time to time. Chapter had also initiated a display of placement opportunities published in various newspapers on the Chapter’s Notice Board. Information relating to placement opportunities was also emailed to members from time to time. Information Technology: Computers in the Chapter office were inter-connected through LAN connection for administrative convenience. Data relating to various activities of the Chapter and details of the Managing Committee Members of the Chapter were uploaded on the web page of the Hyderabad Chapter for dissemination of information amongst its Members, Students and the general public. All other activities of the Chapter have been fully computerized. During the year, CCTV cameras have been installed in the chapter premises. Investors’ Clinic: The Institute was authorized by the Ministry of Corporate Affairs to conduct Investor Awareness Programmes to educate the investors throughout the country utilizing the Investors Education Protection Fund created by it. The Chapter conducted successfully Four (4) Investors Awareness Programs in Khammam & Hyderabad Inter-institutional: The Hyderabad Chapter organized various Joint programmes with ICAI (CMA), ICAI, IACC,FTAPCI, Osmania University, NALSAR University, Ni-msme, IPE,during the financial year. Public Relations:
The Chapter met distinguish personalities and senior officials of various Institutions and also some Government officials as follows:
Shri Bandaru Dattatriya Hon’ble Minister for Labour and Employment (I/c), Government of India
Shri Sirikonda Madhusudhan Chary, Speaker of Telanagana Legislative Assembly
Shri Konijeti Rosaiiah, Hon’ble Former Governor, Tamilnadu and Former Chief Minister, Andhra Pradesh
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Shri K Taraka Rama Rao, Hon’ble Minister for IT, Govt. of Telangana
Shri Etala Rajendar, Hon’ble Minister for Finance, Govt. of Telangana
Smt. Daggubati Purandeswari, Former Minister of State for Human Resources Development, Government of India.
Dr. K Laxman, President, Bharatiya Janata Party [BJP], Telangana State & MLA,
Shri Chitala Ramachandra Reddy, MLA
Shri N Ramachandra Rao, MLC
Shri S. Niranjan Reddy, Vice-Chairman, State Planning Board, Govt. of Telangana, Hyderabad
Shri S.B. Gautam, Regional Director (SER), MCA
Shri B. Kalyan Chakravarthy, IAS-Director General, EPTRI
Shri B. Murali Kumar, IRS, Principal Commissioner of Income Tax Hyderabad-II
Shri Sushil Khumar, IRS, Principal Commissioner of Income Tax Hyderabad-I
Shri M. Srinivas, IRS, Commissioner IRS,Customs, Central Excise & Service Tax and
Shri P. V. Rao, IRS, Principal Commissioner of income Tax-Central
Shri Ch. Venkaiah Chowdary, IRS, Vice Chairman & Managing Director, Andhra Pradesh Mineral Development Corporation Limited
Shri Debendranath Panda, Hon’ble Judicial Member, CESTAT
Hon’ble Justice Shri TNC Rangarajan (Retd),
Shri E. Chengalrayulu, Executive Director, APSFC
Smt. Harini Balaji, General Manager, SEBI
Shri Jitender Kumar, Member of Faculty, NISM (On deputation from the Capital Market Regulator, SEBI), Mumbai
Dr. V Narasimhan, Chief Regulations, NSE
Smt. Khyati Vidwans, Dy. Manager, NSE, Mumbai
Smt. Meenakshi Datta Ghosh, IAS [Retd.] Former Secretary, Government of India
Shri N. Muralikrishnan, Deputy General Manager, SEBI
Shri N. Krishnamurthy, Registrar of Companies, AP & Telangana State
Prof. S. Ramachandram, Vice-Chancellor, OU, Hyd.
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 24 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Prof. (Dr.) Faizan Mustafa, Vice Chancellor, NALSAR University
Prof. A Venugopal Reddy, Vice Chancellor, JNTU
Prof. Appa Rao Podile, Vice Chancellor, Central University of Hyderabad
Shri M Chandrasekhar Reddy, Director General, NI-MSME
Dr (Mrs.) Paramita Dasgupta, Director General (I/c), ASCI
Prof. R K Mishra, Director, Institute of Public Enterprise (IPE)
Shri S. Suresh Kumar, Superintendent, Customs, Central Excise & Service Tax Dept.
Shri Y. Rambabu, AGM RBI
Internal Audit: As per the ICSI guidelines, the chapter engaged M/s. S. Samba Siva Rao & Associates, Chartered Accountants as internal auditors and the reports were forwarded along with the Quarterly Reports to the ICSI HQ. CSBF Initiatives: The ICSI- Hyderabad has pioneered the concept of building CSBF for the benefit of Members & their families and became torch bearer for other Chapters in the Country. We have initiated many good programmes in spreading the cause of CSBF in the past. During the year with the support of members, Chapter was able to support the CSBF Corpus by transferring good amount to the fund. Contribution to Chapter Building: An amount of Rs.7,18,705/- shown under the head of ‘Other Non-Current Assets’ as against contribution to Chapter Building was being carried on from the year 1992 in the books of accounts maintained by the Chapter every year. It is to bring to the notice of the members that there is a communication from the Head Quarters that thesaid amount has to be maintained on permanent basis. List of VIPs / Guests who graced various Programmes /visited the Chapter: CS Mamta Binani, President (2016), the ICSI CS (Dr.) Shyam Agrawal, Vice President (2016), the ICSI Shri Bandaru Dattatriya Hon’ble Minister for Labour and Employment (I/c), Government of India Shri K Taraka Rama Rao, Hon’ble Minister for Information & Technology, Government of Telangana Shri Konijeti Rosaiiah, Hon’ble Former Governor, Tamilnadu and Former Chief Minister, Andhra Pradesh Ms Daggubati Purandeswari, Former Minister of State for Human Resources Development, Government of India Dr K. Laxman, President, Bharatiya Janata Party [BJP], Telangana State & MLA Shri Chitala Ramachandra Reddy, MLA Shri M Krishna Rao, MLA
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Shri Bontu Rammohan, Mayor of the Municipal Corporation of Hyderabad; Shri N Ramachandra Rao, MLC Shri S. Niranjan Reddy, Vice-Chairman, State Planning Board, Govt. of Telangana, Hyderabad Shri B. Kalyan Chakravarthy, IAS, Director General, EPTRI, Ms. Meenakshi Datta Ghosh, IAS [Retd.] Former Secretary, Government of India, Shri B. Murali Kumar, IRS, Principal Commissioner of Income Tax Hyderabad-II, Shri P.V. Rao, IRS, Principal Commissioner of income Tax-Central, Shri Sushil Khumar, IRS, Principal Commissioner of Income Tax Hyderabad-I, Shri Ch. Venkaiah Chowdary, IRS, Vice Chairman & MD, AP Mineral Development Corporation Ltd, Shri M. Srinivas, IRS, Commissioner ,Customs, Central Excise & Service Tax, Hon’ble Justice Shri TNC Rangarajan (Retd.) Shri Debendranath Panda, Judicial Member, CESTAT, Chennai Shri S B Gautam, Regional Director [SER], MCA (Addl. Charge), Shri N. Krishnamurthy, Registrar of Companies, AP & Telengana Shri V S Sundaresan, Chief General Manager, SEBI, Dr V. Narasimhan, Chief Regulations, NSE, Ms. Harini Balaji, General Manager, SEBI, CS Dipti Mehta, Mumbai, Shri N Muralikrishnan, Deputy General Manager, SEBI, Ms. Khyati Vidwans, Dy. Manager, NSE, Mumbai, Shri Y. Rambabu, AGM RBI, Shri S L Bunker, Member, CCI, Shri Jitender Kumar, Member of Faculty, NISM (On deputation from the Capital Market Regulator, SEBI), Mumbai, Shri Jhalani Vijay Kumar, Council Member, the ICSI CS Dinesh Chandra Arora, Secretary, the ICSI CS Pavan Kumar Vijay, Former President, the ICSI,Founder, Managing Director, Corporate Professionals Capital Pvt .Ltd Swami Bodhamayanandaji Maharaj, Director Vivekananda Institute of Human Excellence Smt. Amala Akkineni, Filim Actress & Co-founder, Blue Cross of Hyderabad, Shri Daivagna Sharma, Numerologist Dr. Ravi Kiran, Senior Physician- Masters Homeopathy Ms. Anasuya, TV Anchor Ms. Madhavi Siddam, NTV Anchor Shri Sapthagiri, Tollywood Actor Shri Alan Hatfield, Executive Director (Strategy & Development) ACCA, UK. Prof. S. Ramachandram, Vice-Chancellor, OU, Hyd, Prof. Ch. Gopal Reddy, Registrar, OU, Prof. H. Venkateshwarlu, Special Officer, OU Centenary Celebrations,
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Prof. Laxman Gaddam, Dean, Faculty of Commerce, O.U., Prof. V. Anand Kumar, Chairman, BoS in Commerce, O.U, Prof. V. Appa Rao, Principal, UCC&BM, OU, Prof. (Dr) Faizan Mustafa, Vice Chancellor, NALSAR University CS C. Partha Sarathi, CMD-Karvy Group, CS P. V. Pratap, CEO, MRL Merchant Services, Shri Challa Srishant, MD, CCL Products (India) Ltd. Ms. Divya Poojari, Manager NSE Mumbai, Ms. Sailaja Kiran, Managing Director, Margadarsi Chit Funds Pvt. Ltd, Ms. Vanitha Datla, Managing Director Elico Healthcare Services Ltd, Shri K.V. Reddy, MD, Panduranga Energy Pvt. Ltd, CS N Sai Sankar, Managing Director, VST Industries Ltd, Shri M Ramakrishna, Chairman- Indo-American Chamber of Commerce, AP &TS, CS Savithri Parekh, SVP, Legal & Secretarial, Pidilite Industries Ltd. Shri Muralidhar, Vice President, RLP Securities Ltd. CS Narayan Shankar, Vice President Mahindra & Mahindra Ltd. Shri Suprapath Lala , Vice President, NSE India Shri Satish Bora, Co-Founder and Director of the IT firm , MindChipps Consulting Pvt Ltd, Pune Shri E. Chengalrayulu, Executive Director, APSFC
Disclosures: The ICSI- Hyderabad Chapter paid the Faculty Honorarium to the following Managing Committee Members who have taken classes in Oral Coaching, Management Skills Orientation Programme and other training programmes during the year.
O.C Sl. Name of the Managing 15 Days Class EDP MSOP IAP Total No. Committee Member ADP
1 CS Rahul Jain 41715 3000 3000 5500 53215 2 CS Issac Raj P G - - 4500 6000 5000 15500
2500 3 CS Mahadev Tirunagari - - - - 2500 (Donated for library books)
4 CS Ramakrishna Gupta R - 1500 4500 1500 - 7500
27 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Details of Managing Committee Meetings: Details of Managing Committee Meetings and Attendance of Members at the Managing Committee Meetings conducted from 01.04.2016 to 31.03.2017 are as follows: The total 14 Managing Committee Meetings were conducted during the period.
No. of Meetings Sl. No. Name of the Managing Committee Member attended
1 CS R Venkata Ramana 14 2 CS Kavitha Rani Sakhamuri 12 3 CS Rahul Jain 11 4 CS K P C Rao 5 5 CS Mahadev Tirunagari 14 6 CS Issac Raj P.G. 14 7 CS Venkata Ravi Kumar Mandavilli 6 8 CS Ahalada Rao V 14 9 CS Rama Krishna Gupta R 14 10 CS P S Shastry 8
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 28 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
LIST OF PROGRAMMES ORGANISED BY THE ICSI – HYDERABAD CHAPTER FOR THE PERIOD FROM 01.04.2016 TO 31.03.2017
No. of Sl. Particulars of Details of the Chief Guest/ Date Venue Members No. Programmes Speakers Attended Inaugural Session of 18th Chapter Chief Guest: CS P V Pratap, 1 05.04.2016 Executive Development 34 Premises CEO, MRL Merchant Services Program (EDP) Speakers: CS A.M. Sridharan, Company Paradigm shift from CLB 2 09.04.2016 ASCI Secretary in Practice, 64 – NCLT Chennai & Shri Sunil Ganu, Advocate, Hyderabad Chief Guest: CS K. Valedictory session of Chapter Prabhakar Rao, Sr. Director- 3 13.04.2016 Executive Development 34 Premises Business Intelligence – Programme (EDP) Governance & Profiles Speakers: Ms Sundari R Half Day Seminar on 4 16.04.2016 ASCI Pisupati, Advocate, 73 NCLT Parley Shri. Niranjan Reddy, Advocate PAN India program Chief Guest: Shri Bandaru on ‘Whirlwind Plenary Dattatriya Hon’ble Minister 5 16.04.2016 on Evangelizing the ASCI 200 for Labour and Employment International Corporate (I/c), Government of India Governance Day [ICGD] 21.04.2016 5 3rd Batch of 2 Days Chapter CS Mahadev Tirunagari, to 50 Induction Programme Premises Chairman of the Chapter 22.04.2016 Students Seminar on Chapter Speaker: CS Ahalada Rao 6 22.04.2016 16 Companies Act, 2013 Premises V, Council Member, the ICSI Moderators: CS S. Chidambaram, Company Secretary in Practice, CS S.V. Ramakrishna, Advocate & Studio session on NCLT Corporate Legal Advisor, CS V. PG Law 7 23.04.2016 methodologies covering Harish Kumar, Harish, Sheela 86 College, OU different scenarios & Associates, Corporate and Legal Consultants and Shri Y. Suryanarayana , Advocate. Dr. P. Bhaskar Mohan, Advocate acted as a Judge 29 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Chief Guest: CS V. Harish Valedictory session of 3rd Chapter Kumar, Harish, Sheila & 8 29.04.2016 40 Batch of E-Governance Premises Associates, Corporate and Legal Consultants Half Day Seminar on Speaker: Shri Satish Bora “Modern Company Chapter Co-Founder and Director 9 06.05.2016 57 Secretary in The Tech Premises of the IT firm , MindChipps World Consulting Pvt Ltd, Pune CS. Thirupal G, Company Secretaries in Practice, “Embarking upon the Benguluru , CS Anshul K 19.05.2016 10 Voyage of Research” Jain, Mumbai Company to NI-MSME 70 Jointly with CCGRT - Secretary in Practice and 21.05.2016 Series - I CS Amit Gupta, Company Secretary in Practice, Lucknow CS L V V Iyer, Partner One Day Seminar L V V Iyer & Associates Jointly with FTAPCCI Corporate Lawyers, Shri on The Insolvency 11 28.05.2016 FTAPCCI Divyanshu Pande, Partner, 75 and Bankruptcy Code J Sagar Associates, Mumbai 2016, and Companies & Shri P R Ramesh , (Amendment) Bill 2016 Partner, Deloitte India Ltd 10 Residential Programme 11.06.2016 Summer Shri Muralidhar, Vice on “Aggrandize yourself 12 to Green President, RLP Securities 50 by Capitalizing Health & 12.06.2016 Resorts Ltd. Wealth” Chief Guest: Shri S B Gautam, Regional Director 13 15.06.2016 PCS Day RD’s Office [SER], MCA (Addl. Charge) 58 & Shri N. Krishnamoorthy, ROC, MCA, AP & Telengana Twin Programmes for Shri Debendranath Twin City Members Abode Panda, Judicial Member, on Harnessing Skills - Venkateswara CESTAT, Chennai & CS K S 14 18.06.2016 Harvest Results 95 Hotel Ravichandran, Company Harnessing Skills - Secretary in Practice, Harvest Results Coimbatore
Validictory session 5 Shri M Ramakrishna, Chapter 15 18.06.2016 Days Skill Development Chairman- Indo-American 42 Premises Academic Programme Chamber of Commerce AP &TS
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 30 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Anandnagar Ms. Namrata Tiwari, the 16 21.06.2016 International Day of Yoga Community 47 Yoga Trainer Hall Chief Guest: Shri B. Kalyan Chakravarthy, IAS-Director General, EPTRI Speaker: CS S. Sudhakar, Vice President (Corporate Secretarial), Reliance Full Day Programme on Hotel Industries Ltd, Shri. Jitender 17 23.06.2016 Transcending Horizons - 94 Manasarovar Kumar, Member of Faculty, Capital Markets Way NISM (on deputation from the Capital Market Regulator, SEBI), Mumbai & CS S Chidambaram, Practicing Company Secretary, Hyderabad 35th Annual General Chapter Managing Committee 18 23.06.2016 16 Meeting Premises. Members “Embarking upon the Moderators: CS. S. 24.06.2016 Voyage of Research” Chapter Chidambaram CS Amit 19 - 46 Jointly with CCGRT - Premises Gupta, PCS, Shri. Amog, 25.06.2016 Series - II Pune Valedictory Session of 1st Batch of Entrepreneurship Chapter CS Mahadev Tirunagari, 20 01.07.2016 33 Development Academic Premises Chairman of the Chapter Programme Chapter CS Ahalada Rao, Council 21 01.07.2016 Van Mahotsavam 60 premises. Member, The ICSI Half Day Seminar on CS R. Ramakrishna Gupta, Key Highlights of The Secretary, The ICSI- SIRC Companies [ Amendment] Chapter 22 05.07.2016 & CS R. Venkata Ramana, 50 Bill 2016, Insolvency & Premises Vice-Chairman of the Bankruptcy Code 2016 Chapter and NCLT Students Meet with Chapter CS Mamta Binani, 23 12.07.2016 110 President, the ICSI Premises President, The ICSI Press Meet with CS Mamta Binani, 24 12.07.2016 Taj Deccan 30 President, the ICSI President, The ICSI Members Meet with CS Mamta Binani, 25 12.07.2016 Park Hayatt 105 President, the ICSI President, The ICSI
31 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Smt. Amala Akkineni & Swami Bodhamayanandaji Youth Skill Fest- Yuva Maharaj, Direcor 26 15.07.2016 Kaushal - Inagural JNTU Vivekananda Institute 900 Session of Human Excellence & Co-founder, Blue Cross of Hyderabad Youth Skill Fest- Yuva Kaushal - Inagural Session Valedictory Session and Exclusive Interaction for Members with Shri K Shri K Taraka Rama Rao, Taraka Rama Rao 27 15.07.2016 JNTU Minister for IT, Govt of 400 Minister for IT, Municipal Telengana Administration & Urban Development, Industries & Commerce, Public Enterprises, Sugar, Mines & Geology, NRI Affairs, Government of Telangana Interactive Session with Chapter CS Dinesh Chandra Arora, 28 31.07.2016 CS Dinesh Chandra 80 Premises Secretary, The ICSI Arora, Secretary, The ICSI Inauguration of Centre of CS Mamta Binani, 29 03.08.2016 Foundation Day 60 Excellence President, The ICSI Celebrations Month Press Meet with CS Mamta Binani, 30 03.08.2016 Novotel 20 President, the ICSI President, The ICSI Panel Discussion on CS Mamta Binani, 31 03.08.2016 Gender Diversity in Novotel 25 President, The ICSI Corporate Board Room Shri B. Murali Kumar, IRS, Principal Commissioner of Income Tax Hyderabad-II, Shri Sushil Khumar, IRS, Meeting on Income 32 04.08.2016 IT Towers Principal Commissioner of 22 Declaration Scheme-2016 Income Tax Hyderabad-I, Shri P.V.Rao, IRS, Principal Commissioner of income Tax-Central
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 32 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
AV College 33 07.08.2016 Cricket Match - 110 Grounds Shri B. Murali Kumar, IRS, 42nd Foundation Day 34 10.08.2016 Country Club Principal Commissioner of 120 Celebrations Income Tax, Hyderabad-II Chapter 35 14.08.2016 Indoor Games - 60 Premsies Independence Day Celebrations with the Neclace 36 15.08.2016 - 70 theme of “Pedal the Road Peace Cycle” 70th Independence Day Chapter 37 15.08.2016 - 57 Celebrations Premsies Dr K Laxman, President, Bharatiya Janata Party [BJP], Telengana State & MLA, Shri Chitala Ramachandra Reddy, MLA and Shri N Ramachandra ICSI- GST, CSR 5K Neclace 38 21.08.2016 Rao, MLC, Shri M. Srinivas, 2000 WALK Road IRS Commissioner ,Customs, Central Excise & Service Tax and and Daivagna Sharma, Numerologist were the Special Guests. Chief Guest: Shri N Exclusive Students Muralikrishnan, Deputy Programme on SEBI Chapter General Manager, SEBI 39 24.08.2016 65 Financial Educational Premises and Speaker: CS Ahalada Workshop Rao V, “Financial Resource Person (Certified by SEBI)” CS K.K. Rao, Practising One Day Seminar on Chapter Cost Accountant and CS 40 31.08.2016 21 Basic Concepts of GST Premises P.K. Singh, Company Secretary in Practice 07.09.2016 4th Batch of Two Days Chapter CS Ahalda Rao V, Council 41 - 35 Induction Premises Member, the ICSI 08.09.2016
33 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Key Note Speaker: Shri Vijay Kumar Jhalani, Council Member (Govt. Nominee), The ICSI and Speakers: Address CS National Seminar Kalia Saurabh, Sastra on NCLT & NCLAT – Hotel Legal , CS Amit Gupta, Amit 43 10.09.2016 200 Governance of Corporate Manohar Gupta & Associates , CS. Jurisdiction S. Chidambaram- Company secretary in Practice , CS R. Ramakrishna Gupta, Secretary, SIRC and CS R. Venkata Ramana, Vice Chairman of the Chapter Inauguration of 15th Shri Challa Srishant, Chapter 44 13.09.2016 Management Skills Managing Director 54 Premises Orientation Programme CCL Products (India) Limited
CS Purushotham Choppakatla Valedictory session of Chapter Director, Finance &Accounts 45 29.09.2016 15th Management Skills 54 Premises Greenko Energies Private Orientation Programme Limited Chief Guest: Ms. Daggubati Purandeswari, Former Minister of State for Human Resources Development, Government of India, Key-Note speaker: Ms. Sailaja Kiran, Managing Director, Margadarshi Chit Funds Pvt. Ltd, Speakers: Ms. Meenakshi Datta Ghosh, Two day Residential IAS [Retd.] Former Secretary, 07.10.2016 National Programme Ramoji Film Government of India, Ms. Vanitha 46 - 65 “Emancipate Women City Datla, Managing Director Elico 08.10.2016 Prodigy to Rule the Roost Healthcare Services Ltd, Ms. Harini Balaji, General Manager, SEBI, by CS Dipti Mehta, Mumbai, Ms. Divya Poojari, Manager, NSE Mumbai and Ms. Khyati Vidwans, Dy. Manager, NSE, Mumbai, Dr. V Narasimhan, Chief Regulations, NSE and CS Dinesh Chandra Arora, Secretary, ICSI ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 34 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Shri Ch. Venkaiah Chowdary, IRS Inauguration of 16th Chapter Vice Chairman & Managing 47 13.10.2016 Management Skills 37 Premises Director Orientation Programme Andhra Pradesh Mineral Development Corporation Ltd Hotel Workshop on Goods Aditya Park, Shri. K. Vaitheeswaran, 48 14.10.2016 and Services Tax (GST) 30 Ameerpet, Advocate & Tax Consultant Jointly with IACC Hyderabad Study Circle Meeting on Insolvency and Bankruptcy Code 2016 & Chapter Dr. Rajkumar S. Adukia, 49 21.10.2016 35 Draft Financial Resolution Premises Chartered Accountant and Deposit Insurance Bill 2016 Valedictory session of CS N Sai Sankar Chapter 50 27.10.2016 16th Management Skills Managing Director, VST 37 Premises Orientation Programme Industries Ltd. CS Harsha V Reddy, Study Circle Meeting Asst. Vice President – onSustainability – Chapter Sustainability, Sustainability 51 25.11.2016 Importance and Role for 30 Premises Department, Indorama The Company’s Growth & Ventures PCL. Opportunities For CS Bangkok, Thailand Inaugural Session: Chief Guest Shri S. Niranjan Reddy, Vice-Chairman, State Planning Board, Govt. of Telangana, Hyderabad. Shri. S L Bunker, Member, CCI, Guest of Honour. 1st Global Congruence to Valedictory session: 08.12.2016 Promulgate International HICC Shri Konijeti Rosaiiah, 52 to 750 Corporate Governance Hyderabad Former Governor, 09.12.2016 Day (ICGD) Tamilnadu and Former Chief Minister, Andhra Pradesh was the Chief Guest, Shri Mehrdad Pahlavani, Islamic Republic of Iran & CS C Parthasarathy, Chairman & Managing Director, Karvy Group were the special guests.
35 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
17.01.2017 3rd Batch of 5 Days Skill Chapter 53 to Development Academic - 16 Premises 21.01.2017 Programmes CA Jayesh Sanghvi Partner – Ernst & Young Half Day Seminar on LLP, CA Nayan Saboo, Modus Operandi of Hotel NKM’s Manager, Transaction Tax 54 19.01.2017 Mergers and Amalga 106 Grand Ernst & Young LLP and CS Mations – Insight into (Dr.) K.S. Ravichandran NCLT Mechanism , KSR &Co., Company Secretaries LLP, Coimbatore Inauguration of 81st Batch Chapter CS Datla Hanumantha Raju, 55 24.01.2017 80 of Class Room Teaching Premises Former President, The ICSI Shri S. Suresh Kumar, Half Day Seminar on Superintendent Migration to GSTN – Hotel NKM’s Customs, Central Excise 56 25.01.2017 Practical Aspects with 146 Grand & Service Tax Dept and Live Demonstration of CS P.K. Singh, Company Enrolment Process Secretary in Practice Chapter 57 26.01.2017 68th Republic Day - 80 Premises Shri Sapthagiri, Tollywood Actor, Ms. Anasuya, TV Anchor, Ms. Madhavi Annual Fellowship Meet 58 28.01.2017 Jalavihar Siddam, NTV Anchor, 225 2017 Dr. Ravi Kiran, Senior Physician- Masters Homeopathy CA V.S. Sudhir Partner, Hiregange & Associates, CA Naveen Agarwal, Partner Analysis of Union Budget Chapter Tax and Regulatory 59 02.02.2017 214 2017 Jointly with ICAI Premises Services Ernst & Young India & CA Aisha Ali Hussaini, Director, Tax and Regulatory Ernst & Young India Study Circle Meeting on CS P.V. Ramana Sarma, Herald of Tranquillity - Chapter 60 09.02.2017 Former Chariman of the 26 Balancing of Professional Premises Chapter & Personal Life
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 36 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
CS Pavan Kumar Vijay Founder, Managing Director, Corporate Professionals Capital Pvt .Ltd & Former President, the ICSI, Shri. VK Ganesh, CEO, Karvy Computer Share Pvt. Ltd, CS Savithri Parekh, SVP, 11.02.2017 Two Day Workshop on NALSAR Legal & Secretarial, Pidilite 61 to 60 Indian Security Market University Industries Limited, CS 12.02.2017 Narayan Shankar, VP & CS Mahindra & Mahindra Ltd, Shri. V S Sundaresan, Chief General Manager, SEBI, Shri. Suprapath Lala , VP, NSE India and CS G. Raghu Babu, Company Secretary in Practice CS Pavan Kumar Vijay Founder, Managing Director, Half Day Seminar on Corporate Professionals Opportunities, Challenges Hotel Capital Pvt .Ltd & Former 62 11.02.2017 for CS & Draft Secretarial 106 Manohar President, the ICSI, Standards for Dividends CS Savithri Parekh, SVP, and Statutory Registers Legal & Secretarial, Pidilite Industries Limited Study Circle Meeting on Shri Jagannadham “Trading of Securities and Chapter Thunuguntla, Head of 63 18.02.2017 Portfolio Management 57 Premises Fundamental Analysis, – Opportunities” for Karvy Stock Broking Ltd. Company Secretaries Shri G.R. Bhatia Partner & Programme on Chapter Head of Competition Law, 64 23.02.2017 Competition Law & 23 Premises Luthra & Luthra Law Offices Compliance ,New Delhi
37 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Chief Guest– Prof. S. Ramachandram, Vice- Chancellor, OU, Hyd. Prof. S.V.Satyanarayana, Head, Dept. of Commerce, Chief Guest& Key Note Speaker –CA.P. R. Ramesh, Chairman, Deloitte, India. Guest of Honor – Shri.Alan Seminar on “Commerce Hatfield, Executive Director Education--New 27.02.2017 (Strategy & Development) Paradigms in Accounting Osmania 65 to ACCA, UK. Prof. Ch. Gopal 180 and Finance” in University 28.02.2017 Reddy, Registrar, OU, Prof. Association with Osmani H. Venkateshwarlu, Speical University Officer, OU Centenary Celebrations. Prof. V. Appa Rao, Principal, UCC&BM, OU, Prof. Laxman Gaddam, Dean, Faculty of Commerce, O.U., Prof. V. Anand Kumar, Chairman, BoS in Commerce, O.U. Dr. Gaddam Naresh Reddy, Seminar Convener Pragathi Programme on Overview CS Rahul Jain, Secretary, 66 28.02.2017 Maha Vidyala 50 of Securities Market ICSI Hyderabad Chapter PG College Seminar on Foreign 67 03.03.2017 Exchange Management Hotel Abode Shri Y. Rambabu, AGM RBI 188 Act 1999- ‘Forex For You Shri K.V. Reddy Inauguration of 17th Chapter 68 07.03.2017 Managing Director 22 MSOP Premises Panduranga Energy Pvt. Ltd Chief Guest: CMA Manas Kumar Thakur, President, Panel Discussion on Institute ICAI, Speakers: CS Rashida “Global Corporate Trends of Public Adenwala, Founder & 69 08.03.2017 60 – Women Leadership” Enterprises Partner, R & A Associates & Jointly with ICAI (CMA) [IPE] CS V. Sheela, VP, Legal & Compliance Officer, Mylan Pharmaceuticals Pvt. Ltd.,
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 38 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Study Circle Meeting Shri Y. Rambabu, AGM RBI on Foreign Exchange Chapter 70 17.03.2017 & Shri. Sudhakar Rao Desai 185 Management Act 1999- Premises Asst. Manager, RBI ‘Forex For You Chief Guest: Hon’ble Justice Shri TNC Rangarajan (Retd), Shri Gaurav Gupte Partner, Cyril Shroff, Mumbai, Ms. Varsha Banerjee, Associate Partner M/s. Dhir and Dhir Associates, New Delhi, Ms. Ekta Bahl, Partner, M/s. Tatva Legal, Hyderabad & Auditorium CS R Ramakrishna Gupta, Full Day Seminar of Centre for (Vice Chairman, ICSI- on “Insolvency and Economic SIRC), Senior Partner, M/s. 71 23.03.2017 Bankruptcy Code, 2016” and social 181 R&A Associates, Hyderabad ICSI-Jointly with ICSI Studies : Panel Members: Shri K. Hyderabad Chapter (CESS), Koteswara Rao, Convenor, All India Forum for Small & Medium Industries, Shri S.V. Ram Kumar, Partner, Earnest & Young, CS Oruganti Venkata Ravi, Independent Consultant - Legal & Compliance and Operational Risk and Shri E. Chengalrayulu, Executive Director, APSFC Auditorium of Centre for Shri K. Koteswara Rao, Valedictory Session of Economic and Convenor, All India Forum 72 23.03.2017 22 17th MSOP social Studies for Small & Medium (CESS), ni- Industries msme Shri S.B. Gautam, Regional Director (SER), MCA, CS S. Balachandra, Workshop on Corporate Company Secretary in 73 30.03.2017 Social Responsibility ni-msme 149 Practice , CA Ganesh (CSR) Balakrishnan, Shri N. Krishnamurthy Registrar of Companies, AP & TS 39 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
LIST OF CAREER AWARENESS PROGRAMMES FOR THE YEAR 2016-17 No of Sl. Date Name of the college Addressed by Students No. Attend CS.Mahadev Tirunagari, 1 30.04.2016 ICSI Hyderabad Chapter 240 Chairman, Hyd. Chapter Dwakra Bazar Mahila groups, CS Issac Raj P.G., Member 2 17.05.2016 130 Gopalpuram, Khammam Dist. ICSI Hyderabad Chapter Formers & Dwakra Mahila, Gollagudem, CS Issac Raj P.G., Member 3 17.05.2016 70 Khammam Dist. ICSI Hyderabad Chapter CS. B.V.Rao, Company 4 12.06.2016 Keeys Jr.College, Secunderabad. 60 Secretary in Practice CS. B.V.Rao, Company 5 12.06.2016 Masters Jr. College, Secunderabad 120 Secretary in Practice St.Ann’s Degree College, for Women CS Vikram P. Company 6 15.06.2016 90 Mehdipatnam, Hyderabad Secretary in Practice Keshv Memorial Degree College, CS Jaipal Reddy, Company 7 01.07.2016 280 Narayanaguda, Hyderabad Secretary in Practice G.Pulla Reddy Degree & PG College, CS Suresh B. Company 8 01.07.2016 300 Medhipatnam, Hyderabad Secretary RG KDR College of Commerce & Law CS Anil Kumar O. Company 9 01.07.2016 70 Chadargot, Hyderabad Secretary Bharat Degree College, for Women, CS Anil Kumar O. Company 10 01.07.2016 100 Kachiguda, Hyderabad Secretary Ideal Degree CS Anil Kumar O. Company 11 01.07.2016 170 College,Dilshuknagar,Hyderabad Secretary Annie Besant Women’s College, CS Anil Kumar O. Company 12 01.07.2016 50 Dilsukhnagar, Hyderabad Secretary Vijaynagar College of Commerce CS Anil Kumar O. Company 13 01.07.2016 250 Vijayanagar Colony, Hyderabad Secretary CS Laxminarayana N. Govt. Degree College, Khairatabad, 14 01.07.2016 Company Secretary in 60 Hyderabad Practice Padmavathi Mahila Kalasala, CS.Gayathri, Company 15 01.07.2016 130 Santhoshnagar, Hyderabad Secretary in Practice Jahnavai Women’s Degree College, CS Suresh B. Company 16 01.07.2016 80 Himayathnagar, Hyderabad Secretary Hindu College for Women’s, CS Jyothirmai, Company 17 01.07.2016 80 Sanathnagar, Hyderabad Secretary in Practice
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 40 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
St.Pious “X” Degree & PG College, CS Namita, Company 18 02.07.2016 75 Nacharam, Hyderabad Secretary in Practice HRD Degree College, CS Jaipal Reddy, Company 19 02.07.2016 80 Himayathnagar,Hydeabad Secretary in Practice DBPM Degree College for Women, CS Namita, Company 20 02.07.2016 800 Secunderabad Secretary in Practice Hindu College for Women’s, CS Jyothirmai, Company 21 04.07.2016 150 Sanathnagar, Hyderabad Secretary in Practice Gokaraju Gangaraju Engg. College, CS Vikas, Company 22 04.07.2016 90 Dulapalli, Hyderabad Secretary in Practice St. Ann’s Degree College, for Women, CS Anil Kumar O. Company 23 04.07.2016 120 College, Malkajgiri, Hyderabd Secretary Jagruti Degree College, Narayanaguda, CS Jaipal Reddy, Company 24 04.07.2016 100 Hyderabad Secretary in Practice Avanthi P.G. College, Moosarambagh, CS Vikram P. Company 25 04.07.2016 80 Dilsukhnagar, Hyderbad Secretary in Practice Govt.Degree College for Women (A) CS Anil Kumar O. Company 26 04.07.2016 90 Degumpet, Hyderabad Secretary Ethames Degree College, Panjagutta, CS Anil Kumar O. Company 27 05.07.2016 75 Hyderabad Secretary Badruka College of Commerce & Arts, CS Anil Kumar O. Company 28 05.07.2016 200 Kachiguda, Hyderabad Secretary Reddy Women’s College, Narayanaguda, CS Jaipal Reddy, Company 29 05.07.2016 80 Hyderabad Secretary in Practice Sreyas Engg.College, Bundlaguda, CS Laxminarayana N. 30 05.07.2016 125 Hyderabad Company Secretary in Practice Sarada Vidyalaya Degree College for 31 05.07.2016 CS Sunil, Company Secretary 160 Women, Shamshear Gunj, Hyderabad ISO Degree College, Tarnaka, CS Gayathri, Company 32 05.07.2016 75 Secunderabad Secretary in Practice CS Venkata Ramana R, Smt. A. Shvamala Devi Degree College 33 05.07.2016 Vice Chairman, Hyderabad 100 for Women, Barkatpura, Hyderabad Chapter Nalsar University, Shameerpet, CS Mahadev Tirunagari, 34 05.07.2016 150 Hyderabad Chairman, ICSI - Hyd. Chapter CS Mahadev Tirunagari, 35 05.07.2016 IPE - Shameerpet, Hyderabad 75 Chairman, ICSI - Hyd. Chapter DVM Degree & P.G.College, LB Nagar, CS Vikas, Company 36 05.07.2016 50 Hyderabad Secretary in Practice
41 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Standly College of Engg & Technology CS Vikas, Company 37 05.07.2016 200 for Women Chapal Raod, Hyderabad Secretary in Practice Avnthi Engg. College, Ibrahimpatnam, CS Vikas, Company 38 05.07.2016 130 Hyderabad Secretary in Practice ST. Martin’s Engg. College, Dhulapalli, CS Vikas, Company 39 05.07.2016 300 Kompalli, Hyderabad Secretary in Practice Mahaveer Engg. College, CS Vikas, Company 40 05.07.2016 130 Ibrahimpatnam, Hyderabad Secretary in Practice Shri Vaishnavi Architecture College, CS Vikas, Company 41 08.07.2016 100 Begumpet, Hyderabad Secretary in Practice Mallareddy Group of Institutions, CS Gayathri, Company 42 11.07.2016 60 Commerce College Secretary in Practice Mallareddy Group of Institutions, CS Gayathri, Company 43 11.07.2016 60 Engineering College Secretary in Practice ACE Engg. College, Ghatkeser, CS Gayathri, Company 44 11.07.2016 65 Hyderabad Secretary in Practice Avinash College, of Commerce, CS Vikas, Company 45 11.07.2016 130 Kukatpally, Hyderabad Secretary in Practice CS Laxminarayana N. Pragathi Mahavidyalaya Degree 46 11.07.2016 Company Secretary in 150 College, Hanuman Tekdi, Hyderabad Practice Nrupathunga Degree College, CS Jaipal Reddy, Company 47 11.07.2016 75 Kachiguda, Hyderabad Secretary in Practice Bhavans Degree College, Ramkoti, CS Vikram P. Practicing 48 11.07.2016 50 Hyderabad Company Secretary Shriya Engg. College, Bundlaguda, CS Gayathri, Company 49 11.07.2016 200 Nagole, Hyderabad Secretary in Practice Indian Institute of Mamagement of 50 11.07.2016 CS Sunil, Company Secretary 80 Commerce, Lakdikapul, Hyderabad. Avinash College of Commerce, CS Gayathri, Company 51 11.07.2016 125 Kukatpalli, Hyd Secretary in Practice CS Venkata Ramana R, CVR College of Engg, Ibrahimpatnam, 52 11.07.2016 Vice Chairman, Hyderabad 160 Hyderabad. Chapter CS Mahadev Tirunagari, Jagruthi Engg. College, Ibrahimpatnam, 53 11.07.2016 Chairman, ICSI - Hyd. 75 Hyderabad. Chapter CS Mahadev Tirunagari, Bharath Engg. College, Ibrahimpatnam, 54 11.07.2016 Chairman, ICSI - Hyd. 100 Hyd. Chapter
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 42 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Shri Indu Engg. College, Ibrahimpatnam, CS Vikas, Company 55 11.07.2016 150 Hyd, Secretary in Practice Gurunanak Engg. College, CS Vikas, Company 56 11.07.2016 75 Ibrahimpatnam, Hyd. Secretary in Practice Seint Engg. College, Ibrahimpatnam, CS Vikas, Company 57 11.07.2016 50 Hyd. Secretary in Practice Pragathi Degree College, Kukatpalli, CS Vikas, Company 58 11.07.2016 200 Hyd. Secretary in Practice Mallareddy group of Colleges, CS Vikas, Company 59 11.07.2016 130 Commerce Students Secretary in Practice Mallareddy group of Colleges, CS Vikas, Company 60 11.07.2016 80 Engineering Students Secretary in Practice Gokul Degree College CS Vikas, Company 61 18.07.2016 125 Erragadda,Hyderabad Secretary in Practice Avanthi Engg. College, Ibrahimpatnam, CS Vikram P. Practicing 62 12.07.2016 160 Hyderabad. Company Secretary CS Venkata Ramana R, Bharath Engg. College, Ibrahimpatnam, 63 12.06.2016 Vice Chairman, Hyderabad 75 Hyderabad. Chapter Gokul Degree College, Erragadda, CS B.V.Rao, Company 64 18.07.2016 100 Hyderabad Secretary in Practice Khammam Institute of Technology & CS Vasudeva Rao Devaki, 65 23.07.2016 Sciences, Ponnekal (V), Khammam Company Secretary in 150 Dist, Telangana State Practice Swarna Bharathi Institute of Science & CS Vasudeva Rao Devaki, 66 23.07.2016 Technology (SBIT), Pakabanda Bazar, Company Secretary in 75 Khammam Dist, Telangana State Practice Indian Institute of Management of CS V S Rao, Company 67 24.07.2016 50 Commerce, Lakdikapul, Hyderabad. Secretary in Practice Hindu Degree College for Women, CS Gayathri, Company 68 24.07.2016 200 Hyderabad Secretary in Practice Ideal Degree College for Women, CS Vikas, Company 69 24.07.2016 130 Dilshuknagar, Hyd. Secretary in Practice CS Laxminarayana N. Annebesant (W) Degree College, 70 24.07.2016 Company Secretary in 130 Dilshuknagar, Hyd. Practice DVM Degree College, LB Nagar, CS Jaipal Reddy, Company 71 24.07.2016 70 Hyderabad Secretary in Practice CS Vikram P. Practicing 72 24.07.2016 DVM PG College, LB Nagar, Hyderabad 60 Company Secretary 43 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
KV Ranga Reddy (W),Deg. College, CS Gayathri, Company 73 24.07.2016 120 Santoshnagar, Hyd. Secretary in Practice Ideal Degree College for Women, CS Jaipal Reddy, Company 74 25.07.2016 90 Dilshuknagar, Hyderabad Secretary in Practice St.Ann’s College for Women CS Namita, Company 75 25.07.2016 280 Mehdipatnam, Hyderabad Secretary in Practice KV Ranga Reddy (W),Deg. College, CS Jyothirmai, Company 76 25.07.2016 300 Santoshnagar, Hyderabad Secretary in Practice Bharath Degree (W),College, CS Vikas, Company 77 25.07.2016 70 Kachiguda, Hyderqbad Secretary in Practice Keshav Memorial Junior College, CS Anil Kumar O. Company 78 25.07.2016 100 Narayanaguda, Hyderabad Secretary Keshav Memorial Deg. College, CS Jaipal Reddy, Company 79 25.07.2016 170 Narayanaguda, Hyderabad Secretary in Practice Pragathi Mahavidyalaya, Hanuman CS Vikram P. Practicing 80 25.07.2016 50 Tekdi, Koti, Hyderabad. Company Secretary Avanthi Degree College, Barkathpura, CS Vikram P. Practicing 81 25.07.2016 70 Hyderabad Company Secretary Ideal Womens Degree College CS Anil Kumar O. Company 82 25.07.2016 60 Dilshuknagar, Hyd Secretary Ideal Jr. College for Women, CS Anil Kumar O. Company 83 25.07.2016 120 Dilshuknagar, Hyd Secretary Arora Degree College, Chikadpally, CS Laxminarayana N. 84 25.07.2016 90 Hyderabad Company Secretary in Practice khammam Inst, of Tech.& Sciences, CS Vasudeva Rao Devaki, 85 25.07.2016 75 Khammam Dist. Company Secretary in Practice Swapna Bharathi Inst.of Science & Tech. CS Vasudeva Rao Devaki. 86 25.07.2016 80 (SBIT), Pakabanda Bazar, Khammam Dist Company Secretary in Practice Anwarul Uloom College, New Mallepally, CS Shujath Bin Ali, Company 87 06.08.2016 145 Hyderabad Secretary Khammam Study Circle Junior College, CS Vasudeva Rao Devaki. 88 20.08.2016 100 Khammam Dist. Company Secretary in Practice Govt. Degree College, Bodhan, CS Gopal Lada, Company 89 31.08.2016 60 Nizamabad Secretary in Practice Vasu Degree College, Bodhan, CS Gopal Lada, Company 90 23.08.2016 75 Nizamabad Secretary in Practice Gouthami Degree College, Khaleelwadi, CS Gopal Lada, Company 91 22.08.2016 65 Nizamabad Secretary in Practice KNR Degree College, Khanapur, CS Gopal Lada, Company 92 27.10.2016 51 Adilabad Secretary in Practice ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 44 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
CS Gopal Lada, Company 93 28.09.2016 Ushodaya Inter College 53 Secretary in Practice Giriraj Govt. Degree College, CS Gopal Lada, Company 94 28.09.2016 80 Nizamabad Secretary in Practice MIMS Degree College, Bhodan, CS Gopal Lada, Company 95 29.09.2016 70 Nizamabad Secretary in Practice Giriraj Govt. Degree College, CS Gopal Lada, Company 96 31.08.2016 59 Bhodhan,Nizamabad Secretary in Practice CS Gopal Lada, Company 97 18.11.2016 ARS Junior College, Khanapur, Adilabad 67 Secretary in Practice Narendra Degree & PG College, CS Gopal Lada, Company 98 05.12.2016 62 Armoor, Nizamabad Secretary in Practice Avanthi PG College, Dilshuknagar, CS Namita, Company 99 05.12.2016 125 Hyderabd Secretary in Practice CS Jyothirmai, Company 100 05.12.2016 Keeys Jr.College, Secunderabad 240 Secretary in Practice DBPM Degree College for Women, CS Vikas, Company 101 05.12.2016 130 Secunderabad Secretary in Practice Pragatlhi Mahavidyalalya, Koti, CS Rahul Jain, Secretary, 102 18.03.2017 60 Hyderabad Hyderabad Chapter
45 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
LIST OF INVESTOR AWARENESS PROGRAMMES FOR THE YEAR 2016-17 Sl. IAP Conducted to Total Date Speaker No. Whom and Place Participants I A P - Conducted to Dwakra CS Issac Raj P.G. Member, 1 30.4.2016 Mahila Groups, Bojjaigudam, Managing Committee, ICSI 80 Kodada, Khammam Hyderabad Chapter I A P - Conducted to Dwakra CS Issac Raj P.G. Member, 2 17. 5.2016 Mahila Groups, Golleguam, Managing Committee, ICSI 70 Y-RA, Road, Khammam Hyderabad Chapter I A P - Conducted to Dwakra CS Issac Raj P.G. Member, 3 17. 5.2016 Mahila Groups, Gopalapuram, Managing Committee, ICSI 70 Khammam Hyderabad Chapter CS Issac Raj P.G. Member, I A P - Conductedf to Rotract 4 17.9.2016 Managing Committee, ICSI 60 Club, Miyapur, Hyderabad. Hyderabad Chapter Acknowledgements: The Managing Committee is glad to place on record its gratitude to the ICSI, New Delhi, President and Council Members of the ICSI, Secretary the ICSI, and other Senior Officials of the Secretariat of the ICSI, the Director and other senior officials of the ICSI–CCGRT, Navi Mumbai, all Regional Councils and other Chapters, Chairmen and Members of the Regional Councils and Chapters and Past Presidents of The ICSI. The Managing Committee places on record the services rendered by various members and invitees for their contribution to Chapter’s Newsletter ‘Corporate Secretary’ magazine by way of articles/features.The Managing Committee also conveys its sincere thanks to all the sub-committee Members, Faculty Members, Members and Students who were actively involved in the Chapter activities. The Managing Committee also expresses its deep sense of gratitude to the media for giving wide coverage about the Institute and profession. The Managing Committee places on record its appreciation for the services being rendered by the members in conducting the Career Awareness Programmes at various places in Telangana & Andhara Pradesh. The Managing committee also conveys it’s thanks to the Statutory & Internal Auditors for extending their services to the Chapter. The Managing Committee also expresses its sincere thanks to Regional Director (SER), ROC, OL, Members NCLT and the officials and staff of Ministry of Corporate Affairs. The Managing Committee also expresses its sincere thanks to all the Private and Public Sector organizations, Govt. of Telangna for supporting the Chapter for its various activities from time to time. The Managing Committee also places on record its sincere thanks to all the Managing Committees of Sister Institutions; Other Bodies; Other organizations; Vice Chancellors, Dean, Registrars and other Senior officials of Osmania University; NALSAR University, Central University, Institute of Public Enterprises etc., The Managing Committee also places on record its appreciation for the valuable services rendered by the Staff of the Hyderabad Chapter, Students volunteers of the Chapter, Sponsors & Advertisers for their support to The ICSI – Hyderabad Chapter. Lastly the Managing Committee conveys its thanks to one and all who have helped the Chapter in its activities directly or indirectly. For and on behalf of the Managing Committee Pace : Hyderabad, The ICSI Hyderabad Chapter Date : 30 May 2017 CHAIRMAN ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 46 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
INDEPENDENT AUDITOR’S REPORT
To The Members of The ICSI Hyderabad Chapter
Report on the Financial Statements We have audited the accompanying financial statements of INSTITUTE OF COMPANY SECRETARIES OF INDIA – HYDERABAD CHAPTER, which comprise the Balance Sheet as at March 31, 2017, and the Statement of Income and Expenditure Account for the year ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Institute in accordance with accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatements in the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion In our opinion and to the best of our information and according to the explanation given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:
47 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
(a) In the case of Balance Sheet, of the state of affairs of the Chapter as at March 31, 2017;
(b) In the case of the Statement of Income and Expenditure, of the excess of Income over Expenditure of the chapter for the year ended on that date.
For MANOHAR CHOWDHRY AND ASSOCIATES Chartered Accountants Firm Regn No: 01997S
KSB Subramanyam Partner Membership No: 208981
Date: 25.04.2017 Place: Hyderabad
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 48 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
BALANCE SHEET AS AT 31st MARCH, 2017 (Amount in Rupees) PARTICULARS NOTE As at 31st March As at 31st March NO. 2017 2016 I. SOURCES AND LIABILITIES (1) Reserves & Surplus (a) Reserve & Surplus 1 289,05,697 256,32,589 (b) Earmarked Funds 2 - - SUB-TOTAL (1) 289,05,697 256,32,589 (2) Non- Current Liabilities (a) Long Term Borrowings - - (b) Long Term Liabilities - - (c) Long Term Provisions - - SUB-TOTAL (2) - - (3) Current Liabilities (a) Short Term Borrowings - - (b) Sundry Creditors 3 - - (c) Other Current Liabilities 4 76,429 22,002 (d ) Short term Provisions 5 2,67,348 77,672 SUB-TOTAL (3) 3,43,777 99,674 TOTAL (1+2+3) 292,49,474 257,32,263 II. ASSETS (1) Non-current Assets (a) Fixed Assets 6 (i) Tangible Assets 4,34,464 5,16,189 (ii) Intangible Asssets (iii) Capital Work in Progress (iv) Intangible Assets under development SUB-TOTAL (a) 4,34,464 5,16,189 (b) Non-current Investments 7 188,52,808 240,67,419 (c ) Long Term Loan and Advances - - (d) Other Non-Current Assets - - SUB-TOTAL (1) 188,52,808 240,67,419 (2) Current Assets (a) Current Investments 8 79,77,303 - (b) Inventories 9 63,637 83,055 (c ) Sundry Debtors 10 5,24,736 -
49 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
BALANCE SHEET AS AT 31st MARCH, 2017 (Amount in Rupees)
PARTICULARS NOTE As at 31st March As at 31st March NO. 2017 2016 (d) Cash and Cash Equivalents 11 6,69,154 4,15,945 (e) Short terms Loans and Advances 12 - - (f) Other current Assets 13 7,27,373 6,49,655 SUB-TOTAL (2) 99,62,202 11,48,655 TOTAL (1) + (2) 292,49,474 257,32,263 ACCOUNTING POLICIES AND OTHER NOTES TO 20 THE ACCOUNTS
Notes referred to above form an integral part of the Balance Sheet. As per our report of even date For - MANOHAR CHOWDHRY & ASSOCIATES For and on behalf of the Managing Committee Chartered Accountants FRN :001997S
CA K.S.B. Subramanyam V S Sarma CS R Venkata Ramana CS Kavitha Rani S Partner Executive Officer Chairman Vice-Chairperson Membership No.208981 Place : Hyderabad Date : 25.04.2017 CS Rahul Jain CS K.P.C. Rao Secretary Treasurer
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 50 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH 2017 (Amount in Rupees) PARTICULARS NOTE NO. For the year ended 31st March 2017 31st March 2016
INCOME
Income from Activities 14 63,76,192 49,29,615
Interest on Investments Other Income 15 23,60,749 25,51,443 TOTAL INCOME 87,36,941 74,81,058 EXPENDITURE Employee Benefit Expense 16 1,46,959 1,01,880 Oral Eduction Expense 6,95,040 6,45,982
Travelling and Conveyance Expense 17 30,124 59,530
Programmes / Seminars Expense 18 32,63,654 25,12,444
Career Awareness and Promotion Expense 70,578 25,781
Depreciation & Amortization 1,43,303 1,78,290
Other Expenses 19 11,35,181 11,72,915 TOTAL EXPENDITURE 54,84,840 46,96,822 Surplus before extraordinary & exceptional items 32,52,101 27,84,236 Add / Less : Extra Ordinary Items - - Add / Less : Exceptional Items - -
Surplus on Disposal of Assets - - Loss on sale /Disposal /write-off of Assets - - Prior period expenses (net) - -
Surplus after extra ordinary & exceptional items 32,52,101 27,84,236 Appropriation to Funds / Reserves : (i)Transfer to Building Reserve 10,00,000 10,00,000 (ii) - - (iii) - -
TOTAL APPROPRIATIONS 10,00,000 10,00,000 Balance transferred to General Reserve 22,52,101 17,84,236
TOTAL 32,52,101 27,84,236 ACCOUNTING POLICIES AND OTHER NOTES TO THE ACCOUNTS 20 Notes referred to above form an integral part of the Income & Expenditure A/c As per our report of even date. For - MANOHAR CHOWDHRY & ASSOCIATES For and on behalf of the Managing Committee Chartered Accountants FRN :001997S
CA K.S.B. SUBRAMANYAM V S SARMA CS R VENKATA RAMANA CS KAVITHA RANI S CS RAHUL JAIN CS K.P.C. RAO PARTNER EXECUTIVE OFFICER CHAIRMAN VICE-CHAIRPERSON SECRETARY TREASURER Membership No.208981 : HYDERABAD Place Date : 25.04.2017
51 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 1 RESERVES & SURPLUS (Amount in Rupees) 31st March 31st March PARTICULARS 2017 2016 (1) GENERAL RESERVE As per last Balance Sheet 145,34,432 177,30,214 Add : (i) Donations 4,313 19,982 (ii) Transfer from any Specific /Other Reserve (iii) Additions during the year (mention specific source) Less : - (i) Transfer to Specific / Other Reserves (ii) Utilisation (mention specific purpose/nature) 50,00,000 Sub-Total (1) : 145,38,745 127,50,196 (2) OTHER THAN GENERAL RESERVES, IF ANY (2A) BUILDING RESERVE As per last Balance Sheet 110,27,572 50,27,572 Add : Interest Add : Donations Add : Transfer from Reserves 50,00,000 Add : Transfer from I&E Account 10,00,000 10,00,000 Less : Utilisation / transfer (mention specific purpose/nature) Sub-Total (2A) : 120,27,572 110,27,572 (2B) LIBRARY RESERVE As per last Balance Sheet Add : Interest Add : Donations Add : Transfer from Reserves Less : Utilisation / transfer (mention specific purpose/nature) Sub-Total (2B) : - - (2C) INFRASTRUCTURE RESERVE As per last Balance Sheet Add : Interest Add : Donations Add : Transfer from Reserves
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 52 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 1 RESERVES & SURPLUS (Amount in Rupees)
31st March 31st March PARTICULARS 2017 2016 Add : Transfer from I&E Account Less : Utilisation / transfer (mention specific purpose/nature) Sub-Total (2C) : - - (2D) OTHER RESERVE As per last Balance Sheet 4,13,931 3,95,768 Add : Interest 25,694 25,865 Add : Transfer from Members 4,750 Add : Transfer from Reserves Add : Transfer from I&E Account Less : Utilisation / transfer (mention specific purpose/nature) 9,000 12,453 Sub-Total (2D) : 4,30,625 4,13,931 TOTAL (2) : 124,58,197 114,41,503 (3) SURPLUS (Excess of Income Over Expenditure 22,52,101 17,84,236 Transferred From I&E A/C) (4) CONTRIBUTION TO /FROM TOWARDS LAND & BLDG / OTHER ASSETS Add : Contribution (Liabilities) 3,75,359 3,75,359 Less : Contribution (Assets) 7,18,705 7,18,705 TOTAL (4) : (3,43,346) (3,43,346) Total : (1)+(2) +(3)+(4) : 289,05,697 256,32,589
53 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
HYDERABAD CHAPTER OF THE ICSI NOTE - 2 EARMARKED FUND (Amount in Rupees)
ENDOWMENT FOR PRIZE PARTICULARS INFRASTRUCTURE FUND TOTAL AMOUNT AWARD FUND
2016-17 2015-16 2016-17 2015-16 2016-17 2015-16
As per last Balance Sheet
Add: Contribution during the year
Add: Transfer from Gen Reserve
Add: Receipts during the year
Add: Interest allocation
Sub-Total : - - - -
Less: Transfer to GR on utilisation
Less: Utilised during the year
Balance as at the close of the year ------
NOTE - 3 SUNDRY CREDITORS (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 Sundry Creditors - For Goods & Services - - - Others - - Total : - -
NOTE - 4 OTHER CURRENT LIABILITIES (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 Other Current Liabilities (i) Fee received in advance from Members - 2,500 (ii) Fee received in advance from Students - - (iii) Security Deposits 4,000 - (iv) Other Current Liabilities - - Property Tax - - TDS (Yearwise) 36,614 19,502
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 54 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
PARTICULARS As at 31st March 2017 As at 31st March 2016 - Service Tax - - - Professional Tax - - - Sales Proceeds of HQ Publications - - - Advance from HQ - - - Advance from RO / Chap - - - Payable to ICSI HQ 16,615 - - CSBF Fortnite 19,200 - Total : 76,429 22,002
NOTE - 5 SHORT TERM PROVISIONS (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 (i) Expense Payable a) (ii) Provision for expenses a)Electricity Charges Payable 20,267 22,088 b)Water Charges Payable 1,735 3,100 c)Security Charges Payable 14,832 10,713 d)Courier Charges Payable 5,767 2,557 e)Telephone Charges Payable 8,227 5,214 f)Faculty Honororium Payable 1,78,770 - g)Audit fee 37,750 34,000 Total : 2,67,348 77,672
55 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 6 FIXED ASSETS (Amount in Rupees) Gross Block Depreciation / Impairment Net Block Rate of Cost Adjustment/ Total Cost Total Cost For the Adjustment/ Total Items Depreci- as on Transfer/ as on as on Additions as on as on Year Transfer/ as on ation 1.4.2016 Sale 31.3.2017 31.3.2016 31.3.2017 1.4.2016 Sale 31.3.2017
i Tangible Assets Furniture & Fixtures 10% 4,12,700 - 2,890 4,09,810 3,46,828 7,089 2,388 3,51,530 58,280 65,872 Computer Peripherals 40% 5,90,157 - - 5,90,157 4,06,852 81,993 - 4,88,845 1,01,312 1,83,305 Mobile Phone 40% - 18,790 - 18,790 - 515 - 515 18,275 - Cooling Equipment 15% 1,27,500 - 4,520 1,22,980 50,780 11,472 4,281 57,971 65,009 76,720 Electrical Equipment 15% 79,256 41,575 246 1,20,585 19,918 11,720 31,638 88,947 59,338 Office Machines and Communication 15% 7,43,145 2,200 - 7,45,345 6,12,190 30,514 - 6,42,705 1,02,640 1,30,955 Equipment Other Equipment 15% ------Library Books 100% 1,67,023 - - 1,67,023 1,67,023 1,67,023 - - Vehicles 20% - - - - ii Current Year Total (i) 21,19,781 62,565 7,656 21,74,690 16,03,592 1,43,303 6,669 17,40,226 4,34,464 5,16,189 Previous Year Total (i) 20,24,190 2,08,781 1,13,190 21,19,781 15,30,609 1,78,290 1,05,307 16,03,592 5,16,189 4,93,581 Intangible Assets ERP Software 1/3 - - Current Year Total (ii) ------Previous Year Total (ii) - - Current Year Total (i+ii) 21,19,781 62,565 7,656 21,74,690 16,03,592 1,43,303 6,669 17,40,226 4,34,464 5,16,189 Previous Year Total (i+ii) 20,24,190 2,08,781 1,13,190 21,19,781 15,30,609 1,78,290 1,05,307 16,03,592 5,16,189 -
FIXED ASSETS CAPITAL WORK IN PROGRESS Gross Block Items cost as on Adjustment/ Total cost as on Additional 1.4.2016 Transfer/ Sale 31.3.2017 iii Capital Work in Progress Land under acquisition Buildings under construction Current Year Total (iii) - - - - Previous Year Total (iii) - - - - iv Intangible Assets under development Computer Software Current Year Total (iv) - - - - Previous Year Total (iv) - - - -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 56 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
ADDITIONS TO FIXED ASSETS DURING THE YEAR 31-3-2017 No.of Name of the Asset Date of pur- Depreciation as Amount days of chase per Guidelines use CC Cameras 18-10-2016 41,575 165 2,819 Mobile (oppo F15) 07-03-2017 18,790 25 515 60,365
NOTE - 7 NON CURRENT INVESTMENTS (Amount in Rupees) AS ON AS ON PARTICULARS ADDITIONS DELETIONS 01.04.2016 31.03.2017 I INVESTMNET IN GOVT. SECURITIES
SUB-TOTAL(I) : - - - -
II INVESTMENT IN DEBENTURES / BONDS
SUB-TOTAL(I) : - - - -
III INVESTMNET IN MUTUAL FUNDS
SUB-TOTAL(I) : - - - -
IV OTHER NON-CURRENT INVESTMENTS A Fixed Deposits in Banks (i) SBH, Anandnagar 164,89,422 - 45,00,000 119,89,422 (ii) SBH, Gunfoundry 8,00,000 1,00,000 7,00,000 (iii)Andhra Bank - 61,63,386 - 61,63,386 SUB-TOTAL (IV-A) : 172,89,422 61,63,386 46,00,000 188,52,808
57 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 7 NON CURRENT INVESTMENTS (Amount in Rupees)
AS ON AS ON PARTICULARS ADDITIONS DELETIONS 01.04.2016 31.03.2017 B Fixed Deposits with institutions other than Banks
SUB-TOTAL (IV-B) : - - - -
C OTHERS (Specify nature) SUB-TOTAL (IV-C) : - - - - TOTAL IV : 172,89,422 61,63,386 46,00,000 188,52,808 TOTAL (I+II+III+IV) : 172,89,422 61,63,386 46,00,000 188,52,808
NOTE - 8 CURRENT INVESTMENTS (Amount in Rupees) AS ON AS ON PARTICULARS ADDITIONS DELETIONS 01.04.2016 31.03.2017 I INVESTMNET IN GOVT. SECURITIES
SUB-TOTAL(I) : - - - -
II INVESTMENT IN DEBENTURES / BONDS
SUB-TOTAL(I) : - - - -
III INVESTMNET IN MUTUAL FUNDS
SUB-TOTAL(I) : - - - -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 58 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 8 CURRENT INVESTMENTS (Amount in Rupees)
AS ON AS ON PARTICULARS ADDITIONS DELETIONS 01.04.2016 31.03.2017
IV OTHER CURRENT INVESTMENTS A Fixed Deposits in Banks (i) SBH, Anandnagar 62,65,966 - - 62,65,966 (ii) SBH, Gunfoundry 5,12,031 41,070 - 5,53,101 (iii)Andhra Bank 11,58,236 - 11,58,236 SUB-TOTAL (IV-A) : 67,77,997 11,99,306 - 79,77,303
B Fixed Deposits with institutions other than Banks
SUB-TOTAL (IV-B) : - - - - C OTHERS (Specify nature) SUB-TOTAL (IV-C) : - - - - TOTAL IV : 67,77,997.00 11,99,306.00 - 79,77,303.00 TOTAL (I+II+III+IV) : 67,77,997.00 11,99,306.00 - 79,77,303.00
NOTE - 9 INVENTORIES (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 Publications (RO / Chapters own) 7,100 7,100 Consumables, Stores & Others (RO / Chap own) 56,537 75,955 TOTAL 63,637 83,055
NOTE - 10 SUNDRY DEBTORS (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 Sundry Debtors outstanding for more than six months Secured, considered good - - Unsecured, considered good - - Doubtful - - - - Less : Provision for Bad and Doubtful advance - - SUB-TOTAL (a) - -
59 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
PARTICULARS As at 31st March 2017 As at 31st March 2016 Others Sundry Debtors Secured , considered good Unsecured , considered good 5,24,736 Doubtful
Less : Provision for Bad and Doubtful advance SUB-TOTAL (b) 5,24,736 Total : 5,24,736
NOTE - 11 CASH AND CASH EQUIVALENTS (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 Balances with Bank (Including linked term 6,62,369 4,09,995 deposits) Cheques / Drafts / Postal Orders / Stamps / Franking Units in hand Cash in hand 6,785 5,949 Total : 6,69,154 4,15,945
NOTE - 12 SHORT TERM LOANS AND ADVANCES (Amount in Rupees) PARTICULARS As at 31st March 2017 As at 31st March 2016 SHORT TERM LOANS AND ADVANCES Secured, considered good - - Unsecured, considered good - - Doubtful Less : Provision for Bad and Doubtful advance Total : - -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 60 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 13 OTHER CURRENT ASSETS (Amount in Rupees) As at As at PARTICULARS 31st March 2017 31st March 2016 OTHER CURRENT ASSETS Accrued Interst on Current Investments Accrued Interest on Non-Current Investments 1,86,047 2,38,345 Prepaid Expenses 5,750 Security Deposit 29,144 28,644 CENVAT Credit 92,743 Recoverable from Parties / Vendors (with break up) Recoverable from Headquarter (with break up) - TDS 9,534 - Reimbursement (with break up) 4,04,155 3,82,666 Recoverable from RO / Chapters (with break up) Total : 7,27,373 6,49,655
NOTE - 14 INCOME FROM ACTIVITIES (Amount in Rupees)
PARTICULARS For the year ended Income from Students 31st March 2017 31st March 2016 Oral Education Fee 13,04,250 17,35,400 Other Fees : Library Annual Subscription 750 250 Library Fine - 13,05,000 17,35,650 Commission on Sale of Publications 29,936 48,612 Programmes / Seminars From Members -Interactive sessions 31,11,048 16,95,753 - From Students - Oral Education - Students Training Programmes 18,37,800 14,44,426 - Others 92,408 5,174 Total : 63,76,192 49,29,615
61 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 15 OTHER INCOME (Amount in Rupees)
PARTICULARS For the year ended 31st March 2017 31st March 2016 Subscription to Newsletter Incentive on Investments - - Investor Awarness Programmes 34,902 1,52,518 Provision no longer required, written-back - - Donations - General - 8,700 Rent - - Grants received from Headquarters 2,11,390 1,76,985 Grants received from Regional Office - - Unpaid Security Deposits / EMD / Retention - - Money/ Stale Cheques Interest on Fixed Deposit 20,07,666 18,50,742 Interest on Saving Bank 63,551 1,15,483 Miscellaneous 43,240 2,47,015 Total : 23,60,749 25,51,443
NOTE - 16 EMPLOYEE BENEFIT EXPENSE (Amount in Rupees)
PARTICULARS For the year ended 31st March 2017 31st March 2016 Salaries and Allowances a) Overtime Allowance 86,100 19,250 Staff Welfare a) Tea(Canteen/Others) 31,260 45,638 b) Staff Welfare 29,599 36,992 TOTAL 1,46,959 1,01,880
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 62 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 17 TRAVELLING AND CONVEYANCE EXPENSE (Amount in Rupees)
PARTICULARS For the year ended 31st March 2017 31st March 2016 Travelling Expenses 2,884 3,528 Conveyance Expenses 27,240 56,002 TOTAL 30,124 59,530
NOTE - 18 PROGRAMMES / SEMINAR EXPENSES (Amount in Rupees)
PARTICULARS For the year ended 31st March 2017 31st March 2016 Programs/Seminars of Members a) Interactive sessions 18,28,920 13,78,528 b) Meetings with Presidents 51,935 - c) Other programmes 1,51,079 2,49,813 Programmes / Seminars of Students a) Students Training Programmes 10,58,122 7,35,788 b) Other programmes 1,73,598 1,48,315 TOTAL 32,63,654 25,12,444
NOTE - 19 OTHER EXPENSES (Amount in Rupees) PARTICULARS For the year ended 31st March 2017 31st March 2016 Stationery 1,25,046 67,058 Newsletter 36,412 18,480 Legal and Professional Services - - Rent, Rates and Taxes 363 - Electricity and Water 2,14,753 2,17,417 Communication Expense - Telephone / Fax 1,21,673 80,739 - Courier / Postage 17,703 51,889 Insurance - -
63 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
NOTE - 19 OTHER EXPENSES (Amount in Rupees)
PARTICULARS For the year ended 31st March 2017 31st March 2016 Repairs and Maintenance - Buildings 6,258 55,314 - Computer 22,472 - - Other Assets 24,894 14,585 - Vehicles - - Office Expenses 2,84,180 2,84,008 Newspapers and Periodicals 10,330 - Meeting expenses 1,14,206 1,05,378 Computerisation (Data Processing) 6,038 6,329 Prior-period expenses - - Packing and Despatch - - Loss on Sale/ Disposal/Write-off of Assets - Loss/Write-off of Stocks 749 - Bank Charges 3,431 5,820 Student Scholarship and Awards - - Auditors Remuneration (including Service Tax) - - - Audit Fees 82,375 65,000 - Other Services - 1,954 Investor Awarness Programmes 34,902 1,52,518 TDS / Income Tax Recoverable written off 29,397 Bad Debts - 46,425 Provision for Bad/Doubtful Debts - - TOTAL 11,35,181 11,72,915
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 64 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
GROUPING SHEET FOR BALANCE SHEET ITEMS AS ON 31.03.2017 (Amount in Rupees) Particular 2016-17 2015-16 Sundry Creditors (Partywise)
Total - - Security Deposits (Partywise) 1. Sec.Deposit Telephones 18,540 18,040 2. Sec.Deposit Electricity 10,604 10,604 Total 29,144 28,644 Advance from Headquarter (Itemwise)
- - Advance from RO /Chapter (Nature of Advance)
Total - - Sundry Debtors (Partywise) 1. India Island Tourism 3,00,000 - 2. Receivable from MCA towards IAP 1,99,736 - 3. Other program expenses receivable 25,000 - Total 5,24,736 - Balance with Bank (Bankwise) 1. State Bank Of Hyderabad 1,41,245 36,016 2. ICICI Bank 4,92,424 3,73,979 3. FD With Bank - SBH., Anandnagar 182,55,388 227,55,388 4. FD With Bank - SBH., Gunfoundry 12,53,101 13,12,031 5. FD With Bank - Andhra Bank 73,21,622 - Total 274,63,780 244,77,414 Short Term Loans & Advances
Total - -
65 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 Recoverable from Headquarter Amount Receivable from ICSI-New Delhi 3,98,787 3,77,124 Amount Receivable from ICSI- Commission from sale of publications 6,368 5,542 Total 4,05,155 3,82,666 Recoverable from RO / Chap Total - - Sale of Publications (Itemwise) - - 1. Competition Law in India - 1,200 2. One Person Company - 1,700 3. Co.Act 2013 A Ready Referencer - 2,900 4. Essential Rules of Interpretation of Statutes for CS - 5,200 5. Circulars Notifications Orders Amendment Rules - 300 6. E Voting(Ready Reckoner) - 600 7. G N on Annual Return - 800 8. Legal & Professional Writing & Drafting in Plain Lang - 100 9. Role of CS a New Perspective Total - 12,800 Less:- Cost of the books sold - 10,240 Margin on sale of books - 2,560
Receipt for Memebers Programmes 1. 10TH RESIDENTIAL PROGRAMME 1,19,750 - 2. ANNUAL PARTICIPATION SCHEME FEE 8,07,700 - 3. FOCUSSED GROUP DISCUSSION ON COMPETITION COMMISSION 9,558 - 4. HALF DAY SEMINAR ON MODERN CO SEC IN TECH WORLD 19,500 - 5. HALF DAY SEMINAR ON MOM&A ON NCLT MECH 19.01.17 82,300 - 6. HALF DAY SEMINAR ON GSTN 25.01.17 46,100 - 7. HALF DAY SEMINAR ON OPP.CHLNGS FOR CS & DRAFTS 39,100 - 8. ICSI IT - LEGAL NATIONAL CONCLAVE - 08.03.2016 74,223 - 9. JOINT SEMINAR ON BUDGET ANALYSIS ON 02.03.2016 1,750 - 10. JOINT SEMINAR BUSSINESS COLLABORATION 36,400 -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 66 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 11. JOINT SEMINAR ON COMM EDU WITH OU ON 27&28 FEB 21,000 - 12. NATIONAL PROGRAM ON WOMEN ENTREPRENEURSHIP 3,36,115 - 13. NATIONAL SEMINAR ON NCLT ON 10.09.2016 1,90,350 - 14. RESEARCH EMBARKING UPON VOYAGE OF RESEARCH 1 57,500 - 15. RESEARCH EMBARKING UPON VOYAGE OF RESEARCH 2 - - 16. S.C MEETING ON 18.02.2017 9,100 - 17. S.C MEETING ON 23.02.2017 5,100 - 18. SEMINAR ON DRAFT CO AMENDMENT RULES 2016 2,287 - 19. SEMINAR ON HARNESSING SKILLS & HARVEST RESULTS 88,250 - 20. SEMINAR ON INSOLVENCY & BANKRUPTCY CO BILL 48,500 - 21. SEMINAR ON NCLT I - 09.04.2016 34,200 - 22. SEMINAR ON NCLT II - 16.04.2016 41,400 - 23. SEMINAR ON NCLT III - 23.04.2016 20,000 - 24. SEMINAR ON SEBI LISTING REGULATIONS 2015 ON 29.12.2016 2,50,000 - 25. SEMINAR ON TRANSCENDING HORIZ - CAPITAL MARKET 1,54,500 - 26. WORK SHOP ON CSR @ NIMSME ON 30.03.2017 1,53,800 - 27. WORK SHOP ON GST BY IACC ON 14.10.2016 8,000 - 28. SEMINAR ON INSOLVENCY & BANKRUPTCY CODE WITH HQ 23.03.2017 2,00,265 - 29. WORKSHOP ON INDIAN SECURITIES MARKET @ NALSAR 1,26,100 - 30. ANNUAL FELLOWSHIP MEET 1,28,200 31. 9TH RESIDENTIAL PROGRAMME - 2,03,342 32. ANNUAL PARTICIPATION SCHEME FEE - 3,25,069 33. FULLDAY SEMINAR ON BOARD'S REPORT & ANNUAL RETURN - 28.08.15 - 1,88,905 34. ICSI IT -Legal National Conclave-08.03.2016 - 1,28,500 35. LECTURE MEET ON RELATED PARTY TRANSACTIONS - 16.11.2015 - 17,300 36. NATIONAL SEMINAR ON SECRETARIAL AUDIT - 04.03.2015 - 4,700 37. SEMINAR ON ANNUAL FORMS & MCA UPDATES -20.10.2015 - 1,07,686 38. HALF DAY SEMINAR ON CONTEMPRARY ISSUES ON CO.LAW -13.02.2016 - 21,700 39. SEMINAR ON CORPORATE GOVERNANCE & GST - 07.01.2016 - 95,642 40. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 02.05.2015 - 36,600 41. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 08.05.2015 - 46,812 42. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 13.06.2015 - 35,304
67 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 43. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 16.05.2015 - 25,145 44. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 23.05.2015 - 36,008 45. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 24.04.2015 - 64,040 46. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 27.06.2015 - 30,547 47. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 30.05.2015 - 60,631 48. SEMINAR ON DRAFT CO.AMENDENTMENT RULES, 2016 - 23.02.2016 - 45,000 49. SEMINAR ON FEMA ONLINE FILING THROUGH EBIZ PORTAL - 18.01.16 - 58,122 50. SEMINAR ON SEBI LISTING REGULATIONS,2015-29.12.2015 - 96,031 51. SEMINAR ON SECRET. STANDARDS & BOARD EVALUATION - 10.05.2015 - 62,170 52. SEMINAR ON WOMEN AS A LEADER & DIRECTOR - 10.03.2015 - - 53. RESEARCH CIRCLE MEETING - 06.02.2016 - 6,500 Total 31,11,048 16,95,753 Receipt for Students Programmes 1. 14TH MSOP 7,500 - 2. 15TH MSOP 5,25,000 - 3. 16TH MSOP 3,07,500 - 4. 17TH MSOP 1,66,500 - 5. 18TH MSOP 7,500 - 6. 19 EDP 11,500 - 7. 20 EDP 75,400 - 8. 3RD TWO DAYS INDUCTION PROG 22,500 - 9. 4TH TWO DAYS INDUCTION PROG 52,500 - 10. 5TH TWO DAYS INDUCTION PROG 29,500 - 11. 3RD PEGP 1,27,000 - 12. 4TH PEGP 70,000 - 13. 5TH PEGP 45,000 - 14. 1ST PSDP 2,500 - 15. 2ND PSDP 1,65,500 - 16. 3RD PSDP 64,000 - 17. 1ST ENTREPRENEURSHIP DEVELOPMENT PROGRAMME 1,58,400 - 18. STUDENT PROGRAM ON COMPANIES ACT ON 22.04.2016 3,900 - 19. STUDENT SEMINAR ON GST ON 31.08.2016 11,000 -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 68 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 20. CAREER AWARENESS PROGRAMMES 77,508 21. 78TH FOUNDATION O.C 88,000 - 22. 79TH FOUNDATION O.C 68,000 - 23. 80TH BATCH EXECUTIVE PROGRAM BOTH MODULES 2,42,750 - 24. 80TH BATCH EXECUTIVE PROGRAM MODULE - I 3,30,000 - 25. 80TH BATCH EXECUTIVE PROGRAM MODULE - II 1,00,000 - 26. 81ST BATCH EXECUTIVE PROGRAM BOTH MODULES 2,28,000 - 27. 81ST BATCH EXECUTIVE PROGRAM MODULE - I 2,12,500 - 28. 81ST BATCH EXECUTIVE PROGRAM MODULE - II 35,000 - 29. 76TH Batch Foundation Programme - 1,12,000 30. 77TH BATCH EXECUTIVE PRO.MOD-I - 2,75,000 31. 77TH BATCH EXECUTIVE PRO.MOD-II - 65,000 32. 77TH BATCH EXECUTIVE PRO.MOD-BOTH - 3,13,500 33. 77TH FOUNDATION O.C - 1,48,500 34. 78TH BATCH EXECUTIVE PRO. MOD-I - 1,35,000 35. 78TH BATCH EXECUTIVE PRO. MOD-II - 35,000 36. 78TH BATCH EXECUTIVE PRO.MOD-BOTH - 76,000 37. 79TH BATCH EXECUTIVE PRO. MOD-I - 2,00,000 38. 79TH BATCH EXECUTIVE PRO.MOD-II - 1,20,000 39. 79TH BATCH EXECUTIVE PRO.MOD-BOTH - 1,99,500 40. 80TH BATCH EXECUTIVE PRO.MOD-I - 15,000 41. 80TH BATCH EXECUTIVE PRO.MOD-BOTH - 19,000 42. SECRETARIAL SKILL DEVELOPMENT PROG - 21,900 43. WORK SHOP SEC. STANDS REVSION - 01.03.2016 - 1,700 44. 12TH MSOP - 17.03.2015 TO 02.04.2015 - 3,500 45. 13TH MSOP - 08.09.02015 TO 23.09.2015 - 3,98,500 46. 14TH MSOP - 4,60,000 47. 15TH MSOP - 7,500 48. 18 EDP - 23,100 49. 19 EDP - 47,800 50. 1ST TWO DAYS INDUCTION PROG - 06.10.2015 & 07.10.2015 - 70,500 51. 2ND TWO DAYS INDUCTION PROG - 25,500
69 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 52. 3RD TWO DAYS INDUCTION PROG - 55,500 53. 1ST PEGP - 1,29,000 54. 2ND PEGP - 57,000 55. 1ST PSDP - 1,68,000 56. OPEN BOOK TEST PROGRAMME-05.03.2016 - 2,000 Total 32,34,458 31,85,000 Receipt for Investor Awareness Programme
Total - - Provision no longer required written back
Total - - Details of Prior period Income:
Total - - Grants received from Headquarters 1. Development Grant 80,390 80,985 2. Grant for Rent 60,000 60,000 3. Grant for Electricity /Water 36,000 36,000 4. Grant for Telephone - 1,52,518 5. Grant for Society Maintenance - - 6. Grant for Library Books - - 7. Grant for Best Region / Chapter Awards - - 8. Grant for Sale of Publications - - 9. Travelling Grant - - Total 1,76,390 3,29,503 Grants received from RO 1. Activity Grant Total - - Miscellaneous Income 1. Interest on savings bank account-ICICI 63,551 -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 70 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 2. Miscellaneous receipts 43,240 6,000 3. Profit on sale of asset 61 - 4. Receipts for Visit to SEBI - 600 Total 1,06,852 6,600 Expenses on Students Specific Programmes 1. 14TH MSOP 900 - 2. 15TH MSOP 3,40,465 - 3. 16TH MSOP 1,97,666 - 4. 17TH MSOP 98,017 - 5. 18TH MSOP - - 6. 19 EDP 66,890 - 7. 20 EDP 77,184 - 8. 3RD TWO DAYS INDUCTION PROG 22,855 - 9. 4TH TWO DAYS INDUCTION PROG 13,158 - 10. 5TH TWO DAYS INDUCTION PROG 12,033 - 11. 3RD PEGP 39,760 - 12. 4TH PEGP 24,596 - 13. 5TH PEGP - - 14. 1ST PSDP 1,000 - 15. 2ND PSDP 49,040 - 16. 3RD PSDP 24,820 - 17. 1ST ENTREPRENEURSHIP DEVELOPMENT PROGRAMME 89,738 - 18. 78TH FOUNDATION O.C - - 19. 79TH FOUNDATION O.C - - 20. 80TH BATCH EXECUTIVE PROGRAM BOTH MODULES - - 21. 80TH BATCH EXECUTIVE PROGRAM MODULE - I 5,000 - 22. 80TH BATCH EXECUTIVE PROGRAM MODULE - II - - 23. 81ST BATCH EXECUTIVE PROGRAM BOTH MODULES - - 24. 81ST BATCH EXECUTIVE PROGRAM MODULE - I - - 25. 81ST BATCH EXECUTIVE PROGRAM MODULE - II - - 26. 77th Batch Faculty Honorarium for Foundation program 27,200 - 27. 78th Batch Faculty Honorarium for Foundation program 62,060 -
71 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 28. 79th batch Faculty Honorarium for Executive program 45,900 - 29. 79th batch Faculty Honorarium for Foundation program 1,12,000 - 30. 80th batch Faculty Honorarium for Executive program 2,16,930 - 31. 81st batch Faculty Honorarium for Executive program 2,23,200 - 32. O.C expenses Miscalleneous 2,750 - 33. Cricket Tournament on 07.08.2016 13,448 - 34. Elocution Competetion 6,797 - 35. Gender diversity in BRD RM with President ICSI 1,630 - 36. Indoor Games to Students & Members 1,230 - 37. PCS day on 15.06.2016 8,691 - 38. Quiz Programmes & others 14,673 - 39. Student skill quest on 24.02.2017 7,030 - 40. Success Meet 697 - 41. Youth Skill Day on 15.07.2016 1,05,763 - 42. Vanmahotsav on 01.07.2016 2,360 - 43. President meet with Students 12.07.2016 12,104 - 44. Student Program on companies act on 05.07.2016 11,550 - 45. 5K walk on GST 21.08.2016 -21,781 - 46. Career Awareness Programmes -6,930 - 47. STUDENT PROGRAM ON COMPANIES ACT ON 22.04.2016 3,900 - 48. STUDENT SEMINAR ON GST ON 31.08.2016 11,000 - 49. 76TH Batch Foundation Programme - - 50. 77TH BATCH EXECUTIVE PRO.MOD-I - - 51. 77TH BATCH EXECUTIVE PRO.MOD-II - 5,000 52. 77TH BATCH EXECUTIVE PRO.MOD-BOTH - - 53. 77TH FOUNDATION O.C - - 54. 78TH BATCH EXECUTIVE PRO. MOD-I - - 55. 78TH BATCH EXECUTIVE PRO. MOD-II - 10,000 56. 78TH BATCH EXECUTIVE PRO.MOD-BOTH - 18,000 57. 79TH BATCH EXECUTIVE PRO. MOD-I - - 58. 79TH BATCH EXECUTIVE PRO.MOD-II - - 59. 79TH BATCH EXECUTIVE PRO.MOD-BOTH - -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 72 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 60. 80TH BATCH EXECUTIVE PRO.MOD-I - - 61. 80TH BATCH EXECUTIVE PRO.MOD-BOTH - - 62. SECRETARIAL SKILL DEVELOPMENT PROG - - 63. WORK SHOP SEC. STANDS REVSION - 01.03.2016 - 2,615 64. 12TH MSOP - 17.03.2015 TO 02.04.2015 - 62,944 65. 13TH MSOP - 08.09.02015 TO 23.09.2015 - 2,20,753 66. 14TH MSOP - 2,54,274 67. 15TH MSOP - - 68. 18 EDP - 35,033 69. 19 EDP - - 70. 1ST TWO DAYS INDUCTION PROG - 06.10.2015 & 07.10.2015 - 19,219 71. 2ND TWO DAYS INDUCTION PROG - 12,060 72. 3RD TWO DAYS INDUCTION PROG - 1,500 73. 1ST PEGP - 28,820 74. 2ND PEGP - 19,830 75. 1ST PSDP - 43,180 76. OPEN BOOK TEST PROGRAMME-05.03.2016 - 813 77. RESEARCH CIRCLE MEETING - 06.02.2016 - 1,746 78. How to Qualify CS - 1,960 79. Indoor Games for Students and Members - 2,947 80. Elocution Competition - 3,038 81. Moot Court Competition - 5,442 82. Quiz Programs - 1,414 83. All India Company Law Quiz - 7,279 - Total 19,25,324 7,57,868 Expenses on Members Specific Programmes 1. Budget analysis meeting with CMA on 02.02.2017 6,925 - 2. Interactive meeting with ROC 03.12.2016 2,510 - 3. Meeting on Income declaration scheme @ IT office 1,896 - 4. Issues on MCA portal on 24.05.2016 288 - 5. Joint seminar budget analysis on 02.03.2016 -1,543 -
73 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 6. National seminar on Corporate laws & Challenges to new -39,840 - 7. Annual fellowship meet 1,92,470 - 8. 10TH RESIDENTIAL PROGRAMME 1,48,117 - 9. ANNUAL PARTICIPATION SCHEME FEE - - 10. FOCUSSED GROUP DISCUSSION ON COMPETITION COMMISSION 7,958 - 11. HALF DAY SEMINAR ON MODERN CO SEC IN TECH WORLD 9,112 - 12. HALF DAY SEMINAR ON MOM&A ON NCLT MECH 19.01.17 53,810 - 13. HALF DAY SEMINAR ON GSTN 25.01.17 44,202 - 14. HALF DAY SEMINAR ON OPP.CHLNGS FOR CS & DRAFTS 39,806 - 15. ICSI IT - LEGAL NATIONAL CONCLAVE - 08.03.2016 - - 16. JOINT SEMINAR ON BUDGET ANALYSIS ON 02.03.2016 - - 17. JOINT SEMINAR BUSSINESS COLLABORATION @ ACSI 36,400 - 18. JOINT SEMINAR ON COMM EDU WITH OU ON 27&28 FEB 15,747 - 19. NATIONAL PROGRAM ON WOMEN ENTREPRENEURSHIP 3,30,379 - 20. NATIONAL SEMINAR ON NCLT ON 10.09.2016 1,84,061 - 21. RESEARCH EMBARKING UPON VOYAGE OF RESEARCH 1 58,604 - 22. RESEARCH EMBARKING UPON VOYAGE OF RESEARCH 2 29,292 - 23. S.C MEETING ON 18.02.2017 3,549 - 24. S.C MEETING ON 23.02.2017 2,604 - 25. SEMINAR ON DRAFT CO AMENDMENT RULES 2016 - - 26. SEMINAR ON HARNESSING SKILLS & HARVEST RESULTS 68,278 - 27. SEMINAR ON INSOLVENCY & BANKRUPTCY CO BILL 42,082 - 28. SEMINAR ON NCLT I - 09.04.2016 49,556 - 29. SEMINAR ON NCLT II - 16.04.2016 32,998 - 30. SEMINAR ON NCLT III - 23.04.2016 21,331 - 31. SEMINAR ON SEBI LISTING REGULATIONS 2015 ON 29.12.2016 - - 32. SEMINAR ON TRANSCENDING HORIZ - CAPITAL MARKET 1,55,370 - 33. WORK SHOP ON CSR @ NIMSME ON 30.03.2017 86,863 - 34. WORK SHOP ON GST BY IACC ON 14.10.2016 8,140 - 35. SEMINAR ON INSOLVENCY & BANKRUPTCY CODE WITH HQ 23.03.2017 1,18,350 - 36. ANDAMAN RESIDENTIAL PROGRAMME IN DECEMBER 17,001 - 37. Joint seminar on Business collaboration @ ACSI 36,400 -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 74 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 38. WORKSHOP ON INDIAN SECURITIES MARKET @ NALSAR 1,02,604 - 39. Presidential Dinner with Members 12.07.2016 47,793 - 40. President meet with members 12.07.2016 21,040 - 41. President meet with Press 03.08.2016 -8,847 - 42. President meet with Press 12.07.2016 -8,051 - 43. Foundation Day Celebrations - 10th august 1,02,609 - 44. Foundation Month Inaguration 03.08.2016 7,580 - 45. Independence day celebrations 21,476 - 46. International Yoga day 12,195 - 47. President Visit 16,568 - 48. Republic Day Celebrations 5,763 - 49. Secretary & Council Members visit 9,222 - 50. Students Program on SEBI Financial Educational 2,836 - 51. Swatch Bharath Mission 1,340 - 52. ICGD PAN India Program Expenses 83,895 - 53. ICSI PRIMIER BOOK on Co. Act Research 10 to 11 Sept 2016 4,657 - 54. Research meet on reports of the law committee -1,12,287 - 55. Womans program on woman's day @ IPE 08.03.17 462 - 56. Disciplinary Committee on 07.10.2016 -6,137 - 57. WOMAN'S DAY SAFETY & SECURITY WOMAN IN CYBER 900 58. 9TH RESIDENTIAL PROGRAMME - 2,20,585 59. FULLDAY SEMINAR ON BOARD'S REPORT & ANNUAL RETURN - 28.08.15 - 1,08,030 60. ICSI IT -Legal National Conclave-08.03.2016 - 1,91,979 61. LECTURE MEET ON RELATED PARTY TRANSACTIONS - 16.11.2015 - 7,207 62. NATIONAL SEMINAR ON SECRETARIAL AUDIT - 04.03.2015 - 4,387 63. SEMINAR ON ANNUAL FORMS & MCA UPDATES -20.10.2015 - 67,746 64. HALF DAY SEMINAR ON CONTEMPRARY ISSUES ON CO.LAW -13.02.2016 - 5,121 65. SEMINAR ON CORPORATE GOVERNANCE & GST - 07.01.2016 - 79,197 66. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 02.05.2015 - 26,573 67. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 08.05.2015 - 31,377 68. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 13.06.2015 - 28,760 69. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 16.05.2015 - 21,684
75 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 70. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 23.05.2015 - 37,645 71. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 24.04.2015 - 33,627 72. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 27.06.2015 - 22,162 73. SEMINAR ON DEMYSTIFYING SESSION ON SEC.AUDIT - 30.05.2015 - 39,876 74. SEMINAR ON DRAFT CO.AMENDENTMENT RULES, 2016 - 23.02.2016 - 55,449 75. SEMINAR ON FEMA ONLINE FILING THROUGH EBIZ PORTAL - 18.01.16 - 50,124 76. SEMINAR ON SEBI LISTING REGULATIONS,2015-29.12.2015 - 2,95,338 77. SEMINAR ON SECRET. STANDARDS & BOARD EVALUATION - 10.05.2015 - 51,261 78. SEMINAR ON WOMEN AS A LEADER & DIRECTOR - 10.03.2015 - 400 79. Study Circle Meetings - 7,656 80. Interactive/Lecture Meetings - 10,556 81. Residential Program for peace and Happiness - -24,430 82. Joint Meeting with HMA,ICAI - 8,279 83. Joint Seminar on Budget Analysis - 19,509 84. Joint Seminar on Budget Analysis with ICAI - 2,773 85. National Seminar on corporate laws - 28,676 86. Annual Fellowship Meet - 36,588 87. Blood Donation Programme - 680 88. Health Camp Programme - 4,092 89. Research Meet on company law - 1,11,724 90. workshop on Integration - 740 91. Womens Day Safety and Security - 2,665 92. Republic Day Celebrations - 49,645 93. International Yoga Day - 11,367 94. Independence Day Celebrations - 5,299 95. Foundation Day Celebrations - 85,671 96. CS Day Celebrations - 2,12,451 97. Managing Committee Members Induction Programme - 39,114 98. Photo's and Videos - 1,550 99. Swatchh Bharath Mission - 8,315 100. Cricket Match for members and students - 10,475 101. CSR CSBF Walk - -2,83,774
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 76 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 102. Teachers Day Celebrations - 23,941 103. Success Meet - 2,486 Total 20,68,334 17,54,576 Legal & Professinal Services Total - - Rent, Rates & Taxes 1. Rates and taxes 363 - Total 363 - Electricity & Water 1. Qtr 1 61,583 61,789 2. Qtr 2 62,089 62,672 3. Qtr 3 36,309 37,930 4. Qtr 4 54,772 55,026 Total 2,14,753 2,17,417 Office Expenses 1. Office expenses - Crockery 7,314 2. Audit expenses 11,263 3. Best Chapter award 2015-16 29,930 4. Rounded off 3 5. General office expenses 18,915 6. Books and periodicals 9,892 Total 48,510 28,807 Details of Prior period Expenses: - - Total - - Loss on sale /disposal of assets 1. Electrical Equipments 246 - 2. Computer Peripherals 1 - 3. Furniture and Fixtures 502 - Total 749 -
77 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particular 2016-17 2015-16 Auditors Fee 1. Internal Audit Fee 32,375 25,000 2. Statutory Audit Fee 50,000 40,000 3. Other Services Total 82,375 65,000 Investor Awareness Programmes RD (E/N/W/S) MCA 1,99,736 - Headquarters Total 1,99,736 -
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 78 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA Note: 20 Accounting policies and Notes to accounts
A. Accounting Policies
The Financial statements of the Institute have been prepared on historical cost convention on accrual basis, except to the extent indicated elsewhere, and based on applicable accounting standards. 1. Revenue recognition a. Fees Class Room Teaching, Induction Programme (IP), E-Governance Programme(EGP), Skill Development Programme(SDP), Entrepreneurship Development Academic Programme(EDAP), Executive Development Programme (EDP), Management Skills Orientation Programme (MSOP) and other fees received from students & members at the chapter are accounted for on ‘Receipt Basis’ and no accrual thereof is created. b. Grant/ Reimbursement of Expenses Grants received / Reimbursement of expenses from Headquarters / Regions are accounted for on Cash Basis. c. Revenue from sale of publications Revenue from sale of publications is recognized at the time of preparing the sale bill, i.e., when the property in goods as well as the significant risks and rewards of the property gets transferred to Buyer. d. Commission on sale of Publications Commissions received on sale of publications are accounted for on accrual basis. e. Income from Investments Income on interest-bearing securities and fixed deposits is recognized on a time proportion basis taking into account the amount outstanding and the rates applicable. 2. Investments a. Long term Investments are carried at cost and diminution in value, other than temporary, is provided for. b. Current investments are carried at lower of cost or fair value. 3. Fixed Assets/Depreciation and Amortisation a. Fixed Assets are stated at historical cost less depreciation. b. Depreciation is provided on the Written Down Value method at the following rates as approved by the Council, based on the useful life of the respective assets : c. Depreciation on additions to fixed assets is provided on pro-rata basis. No depreciation is charged in the year of sale.
79 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Item % Buildings 5 Furniture and Fixtures 10 Lifts/Air Conditioners/Other Equipments 15 Vehicles 20 Computers 40 Library Books 100 Mobile phones 40
d. Fixed Assets costing Rs 5,000 or less are fully depreciated. e. Library books are depreciated at the rate of 100% in the year of purchase.
4. Inventories Inventories of Papers, Consumables, Publications, Study Materials, etc. are valued at lower of cost or net realizable value. The cost is determined on FIFO basis. 5. Provisions A provision is recognized when an enterprise has a present obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made.Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligations at the Balance Sheet date .These are re- viewed at each Balance Sheet date and adjusted to reflect the current best estimates. B. Notes to accounts 1. Contingent liability – Nil 2. Prior period income/Expenditure –Nil 3. Capital commitments – Nil 4. Other commitments- A building namely “Centre of Excellence” is being built at Uppal, Hyderabad and payments are made/ expenses are incurred by the Chapter on behalf of Head Office and later on these payments/expens- es are reimbursed by the Head Office. An amount of Rs 1,50,000/- has been received from Head Office towards payment of VAT for the work done by NJR Constructions .This amount is yet to be remitted by the Chapter to the VAT author- ities as on 31.03.17.
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 80 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
5. Building Reserve Fund:- During the year an amount of Rs 10,00,000/-has been appropriated from the Surplus arisen out of Income and Expenditure account to the Building Reserve Fund as per the approval by the Finance Committee. 6. Related Party Transactions- a. Names of related parties and description of relationship
Nature of relationship Name of the related Party Chairman CS R. Venkata Ramana Vice Chairperson CS S. Kavitha Rani Secretary CS Rahul Jain Treasurer CS K. P. C. Rao Managing Committee Member CS Mahadev Tirunagari Managing Committee Member CS Issac Raj P. G Managing Committee Member CS Venkata Ravi Kumar Mandavilli Ex Officio Managing Committee Member CS Ahalada Rao V Ex Officio Managing Committee Member CS R. Ramakrishna Gupta Ex Officio Managing Committee Member CS P. S. Shastry
b. Summary of transactions with aforesaid parties
Nature of relationship Name of the related Party Amount in Rs CS Issac Raj P G Honorarium Paid for student programs 10,500 CS Issac Raj P G Honorarium Paid for Investor aware- 5,000 ness program CS R Ramakrishna Gupta Honorarium Paid for student programs 7,500 CS Rahul Jain Honorarium Paid for student programs 11,500 CS Rahul Jain Honorarium Paid for classroom teach- 41,715 ing CS Mahadev Tirunagari Honorarium Paid for Investor aware- 2,500 ness program
7. Stock of Head Office The method of accounting for Stock of Publications received from ICSI, New Delhi has been changed to Consignment stock method from 1990-91. Therefore, the closing stock of publications as well as study material held on account of ICSI, New Delhi, as on 31.03.2017 have not been shown in finan- cial statements. The details of publications received from HO, sold/issued by chapter during the year 2016-17 and lying in stock as on 31.03.2017 are as under.
81 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
Particulars of Publications / Study Materials 2016-2017 2015-2016 A. Opening Stock 2,76,386 5,24,815 B. Add: Stock received during the year 5,75,330 8,54,151 Stock Adjustment C. Less: Stock sold during the year 5,10,284 6,64,532 Stock issued 13,464 1,28,510 Weeding out /Excluding during the year 1,44,608 2,59,898 Transfer from old stock to new stock - 50,000 Closing Stock (A+B-C) 1,83,360 2,76,386
The above stocks are shown at sale value of the publications. The above stock is subject to recon- ciliation & confirmation by Head Office. 8. Details of Depreciation Depreciation on Fixed Assets for the year 2016-17 comprises of two components, namely (1) Depreciation at normal rates stated in Para 3(b) of Part A above, (2) Items costing Rs.5,000 or less bought during the year and depreciated at 100%. (3) Items with Written Down Value less than Rs.250 as on 01st April, 2016 was fully depreciated in the current year. Accordingly the details of computation of depreciation on fixed assets for the year 2016-17 are as under:
Fixed Assets costing Depreciation Rs. 5,000 or less bought Asset Rate at normal during the year and Total rates fully depreciated during the year Rs. Rs. Rs. 1.Furniture and Fixtures 10% 7,089 - 7,089 2.Library Books 100% - - - 3.Office & Communication 15% 30,514 2,200 32,714 Equipment 4.Computer Networks 40% 81,993 - 81,993 5.AC Installation & Coolers 15% 11,472 - 11,472 6.Electrical Equipment 15% 11,720 13,720 7.Mobile Phones 40% 515 - 515 TOTAL (Rs) 1,43,303 - 1,45,503
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 82 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” ANNUAL REPORT 2016-2017 Hyderabad Chapter
9. Andaman Residential Program was canceled and the receipts received from Members were refunded. But the service tax on such receipts was already paid to Service Tax Dept and subsequently utilized against output service tax payable. Total amount of service tax paid on cancellation of Anadaman pro- gram is Rs.2,27,740 and the amount adjusted against service tax liability for the period November,16 to March,17 is Rs.1,34,996. The balance of Rs. 92,744 is showing as a cenvat credit in the books of accounts. 10. An amount of Rs.4,04,155 is receivable from Head Office subject to confirmation from Head Office. 11. Fixed Deposits of Rs.79,77,303/- having maturity period of less than one year from 31st March 2017 are classified under Current Investments and remaining fixed deposits of Rs,1,88,52,808/- are classified under Non Current Investment. 12. Disclosure regarding Details of Specified Bank Notes (SBNs) held and transacted during the period from 8th November, 2016 to 30th December 2016 in Notes to Accounts in the Annual Accounts for the F.Y. 2016-17.
Specified Bank Other denomination Total Notes (SBNs)* Notes
Closing cash in hand 0 17005.00 17005.00 as on 08.11.2016 (+) Permitted receipts 0 129138.00 129138.00 (-) Permitted payments 0 103269.00 103269.00 (-) Amount deposited 0 20000.00 20000.00 in banks Closing cash in hand 0 22874.00 22874.00 as on 30.12.2016
* Specified Bank Notes (SBNs) means Bank Notes of denomination of Rs. 500 and Rs. 1000 which ceased to be the legal tender w.e.f. from 8th November 2016.
83 ICSI MOTTO: “सत्यंवद। घर्मंचर। – Speak the Truth, Abide by the Law” ANNUAL REPORT 2016-2017 Hyderabad Chapter
13. Previous year figures were regrouped and represented to suit to the new format of financial statements. Figures have been rounded off to the nearest Rupee.
As per our report of even date For and behalf of the Managing Committee of The ICSI- Hyderabad Chapter
For Manohar Chowdhry & Associates V S Sarma CS R Venkata Ramana CS Kavitha Rani S Chartered Accountants Executive Officer Chairman Vice-Chairperson Firm Registration No. 001997S
K.S.B Subramanyam CS Rahul Jain CS K.P.C. Rao Partner Secretary Treasurer M. No. 208981
Place : Hyderabad Date : 25.04.2017
ICSI VISION: “To be a global leader in promoting Good Corporate Governance” 84 ICSI MISSION: “To develop high calibre professionals facilitating good Corporate Governance” 26.01.2017: 68th Republic Day Celebrations at Chapter 28.01.2017: Annual Fellowship Meet 2017 - Jalavihar Premises - CS Ahalada Rao V, Council Member, ICSI, CS R Shri Sapthagiri, Tollywood Actor, Ms. Anasuya, TV Anchor, Venkata Ramana, Chairman & Other Members Ms. Madhavi Siddam, NTV Anchor, Dr. Ravi Kiran, Senior Physician- Masters Homeopathy & Other Dignitaries
11.02.2017: Half-a-day Seminar on Opportunities, Challenges for 08.03.2017: Womens Day Celebrations Jointly with ICAI CS & Draft Secretarial Standards for Dividends and Statutory (CMA), Institute of Directors (IOD) and Institute of Public Registers Hotel Manohar - CS Pavan Kumar Vijay, Founder, MD, Enterprise [IPE] - Group Photo Corporate Professionals Capital Pvt .Ltd & Former President, the ICSI, CS Savithri Parekh, SVP, Pidilite Industries Limited
23.03.2017: Seminar on "Insolvency & Bankruptcy Code, 30.03.2017: MCA Workshop on Corporate Social Responsibility 2016" at CESS, Hyderabad (CSR) Jointly by ICSI Hyderabad Chapter, ICAI Hyderabad Presenting ICSI Company Law Premier to Hon'ble Justice Chapter and ICAI (CMA) Hyderabad Chapter in Association with Shri TNC Rangarajan (Retd)., The Chief Guest ni-msme In Pic: Shri S.B. Gautham, Regional Director (SER), MCA, Shri N. Krishnamurthy Registrar of Companies, AP & Telangana & Other Dignitaries The ICSI- Hyderabad Chapter was awarded as National Best Chapter & Best in all A+ Grade Chapters in India by ICSI for the year 2015 from the hands of Smt. Smriti Z Irani, Union Minister of Textiles, GoI at the 44th National Convention of Company Secretaries held during November 17-19, 2016 at Gandhinagar, Gujarat
1st Global Congruence to Promulgate International Corporate Governance Day (ICGD)- 8-9 December, 2016 - HICC, Hyderabad - Release of ICGD Souvenir
Group Photo during Valedictory Session of 1st Global Congruence to Promulgate International Corporate Governance Day (ICGD) held on 8-9 December, 2016 at HICC Hyderabad