Issue No: 10 SIRC eNewsletter October 2016 SOUTHERN INDIA REGIONAL COUNCIL Chairman CS Sivakumar P Vice Chairman CS Ganapathi G M Secretary CS Ramakrishna Gupta R Treasurer CS Mohan Kumar A Members CS Dhanapal S CS Nagendra D Rao From the Chairman 1 CS Shastry P S Forthcoming Events 3 Ex-officio CS Ahalada Rao V Articles 5 CS Gopalakrishna Hegde SIRC Photographs & Activity 17 CS Ramasubramaniam C Chapter's Activity 26 Co-opted Members S Krishnan, I.A.S ICSI Publications 56 S B Gautam Opportunities for Members & Students 59 Announcement for Members 60 Announcement for Students 65 Dear Professional Colleagues, The 41st Southern India Regional Conference of Company Secretaries was successfully organized on 14th and 15th October 2016 at Ramada Cochin Resorts, Kochi on the theme – CS Rewarding Avenues – Reaping Benefits: Growing by Leaps and Bounds. Dr. K.N. Raghavan IRS, Commissioner of Customs, Kochi was the Chief Guest and inaugurated the Regional Conference. Hon'ble Justice Jayasankaran Nambiar A K, High Court of Kerala was the Chief Guest at the Valedictory Session. Dr.T.M.Thomas Isaac, Minister for Finance Government of Kerala delivered the Special Address at the Conference. As you are well aware Dr. T M Thomas Isaac is a member of the GST Council and his presence & speech at the Conference was a great encouragement to the professionals. The Conference was attended by nearly 400 delegates and invitees representing the southern part of the country and sister professional institutions. A galaxy of experts from the Regulatory, Industry, Professionals and Academics addressed at the Conference on the chosen topics such as Governance – The Invisible Reality, Hidden Treasurers in Companies Act 2013, Business Analytics – CS Competitive Advantage, CS – As Alternate Dispute Resolutions (ADR) Professionals, Personality Development /Soft Skills and Mock Session/Moot Court which was chaired by Shri. K K Balu, former Vice Chairman, Company Law Board. The 41st Regional Conference was organized at kochi after a gap of 22 years. The Conference was attended by a record number of delegates and also the amount collected through Sponsorships/ Advertisements /Banners/Stalls was very encouraging. The Conference also attracted excellent media coverage in the local press. I dedicate this success to all of you who have stood by me and have always been a source of strength and motivation to organize quality programmes both in terms of content and value. I also place on record my thanks to all the organizations who have extended their support magnanimously for the conference. CS Sivadasan A who was the Chairman, ICSI-SIRC in the year 1994, was honoured at the Conference alongwith CS Nagendra D Rao the Immediate Past Chairman of ICSI-SIRC. I also take this opportunity to thank the Team SIRC, Team Kochi Chapter led by CS Syam Kumar R, Officers and Staff of SIRO and Kochi Chapter. I had the privilege of meeting Shri. Nitin Gadkari. Minister for Road Transport & Highways, Government of India alongwith CS Kala V, Company Secretary of Cochin Shippyard Ltd. ICSI-SIRC eNewsletter / October 2016 1 It was a great privilege when CS Sahoo M S, Chairperson, The Insolvency and Bankruptcy Board of India, New Delhi visited ICSI-SIRC and met select professionald on 25th October 2016. He heard the views & Suggestions of the Members on the draft rules & regulations pertaining to the Insolvency & Bankruptcy Code 2016. The power of belongingness and brotherhood is known to all of us. Many a times we tend to think that our success as a personal achievement and forget the contribution of the community we belong to – in our case, as professionals, the community of Company Secretaries. The CS Benevolent Fund is one of such collective effort towards extending the much needed financial support to the community of Company Secretaries in times of distress. I appeal to Members who have not joined the Company Secretaries Benevolent Fund to become its life members and extend the benevolence to your brothers in times of sorrow. The quantum of financial assistance to the dependents of life members of CSBF is increased form 5 Lakh to 7.5 Lakh w.e.f 1st January 2017 in the unfortunate event of the death of the life Member. I humbly request the Members to give their inputs and suggestions towards the activities and program initiative of the ICSI-SIRC. I look forward to your valuable co-operation and support our future endeavors. With regards, Yours Sincerely, CS Sivakumar P Chairman, ICSI-SIRC [email protected] ICSI-SIRC eNewsletter / October 2016 2 “ I C S I - S I R C H o u s e ” , N o . 9 , W h e a t C r o f t s R o a d , N u n g a m b a k k a m , C h e n n a i - 6 0 0 0 3 4 Te l N o . 2 8 2 7 9 8 9 8 ; 2 8 2 6 8 6 8 5 , 2 8 2 2 2 2 1 2 , E m a i l : s i r o @ i c s i . e d u : W e b s i t e : w w w. i c s i . e d u for the month of November 2016 (held / to be held) Block your Diary! Paid/ Date & Venue/ Event Speakers Free Timing PCH Paid 05.11.2016 ICSI-SIRC One Day Seminar CS Balasubramanian T House, on Latest Practising Company Chennai Updates in Secretary, Chennai Companies Act & Practical Issues Sowmya Parasuraman in XBRL Practising Company Secretary, Chennai CS Sucharithra R Practising Company Secretary, Chennai CS Pankaj Mehta Partner, A K Jain & Associates Chennai Paid 15.11.2016 ICSI-SIRC Half Day Seminar CS Sathyanarayanan S House, on All you want to Advocate Chennai know on Fraud - Chennai Provisions, Investigation, CS Achuthan R Reporting Sicagen India Limited Company Secretary & Compliance Officer, Chennai Free 15.11.2016 ICSI-SIRC Students House, Programe for Ms. R Vishaka 4.30– 5.45 EP Chennai Executive Programme Free ICSI-SIRC Students CS Srija 15.11.2016 House, Program " How to Chennai approach & CS Sowmiya 5.45 – 7.00 FP succeed in New syllabus" CS Snekha Paid ICSI-SIRC Research 25th & 26th, House, symposium on November Chennai The Companies To be announced 2016 Act, 2013 – Decoding unsolved Mysteries and impact of Amendment Bill 2016 ICSI-SIRC eNewsletter / October 2016 3 October 2016 My Nostalgia of CS Profession - 8 -CS Subbaraman TP Compounding of Non-Filing of AOC-4/MGT- 7, Branch Auditor, Adjournment of Annual General Meeting & Filling of Unaudited Financial Statement -CS Divesh Goyal Regulatory Updates during October 2016 - CS Achuthan R - CS Sanka Indrani ICSI-SIRC eNewsletter / October 2016 4 CS Subbaraman TP Former Secretary, The ICSI MY NOSTALGIA OF CS PROFESSION–8 Chartered Secretary. We gave birth to this journal on 31st July 1971, three months after my joining the infant Institute, along with the formation and constitution of four Regional Councils and a nucleus HQ library. We originally did not go for this title. When I approached the Registrar of Copyrights earlier, we suggested a few titles like “The Secretary” “Company Secretary”, and “Corporate Secretary”. But none of them was available for registration. In that year, with the merger of the Institute of Corporate Secretaries with the Institute of Chartered Secretaries and Administrators, London, the London body changed the title of its journal from “Chartered Secretary” to “Professional Administrator”. Thus we were provided the option of this title and we christened the journal as “Chartered Secretary”. The journal was published quarterly in the first year. With a stringent budget and my flair for economy, in retrospect, I have to admit that the first cover of the first issue was not good, although the contents were. How its popularity attained. The popularity of the journal could not be created by a magic wand; we had to prepare ourselves to work hard. Fortunately, I had a good editorial team in Gopalan, J.K.Chawla and Anand Rao. While editorial assistance was provided by Gopalan and Anand Rao, I introduced Chawla initially to the concerned officials in Company Affairs, M.R.T.P.Commission, Ministry of Finance, Customs Revenue etc., and he was also in Rakesh Press for finalisation of the magazine until its posting every month. Everything was taken step by step, like approaching Government officials for providing notification immediately on its issue at the earliest, and including other sections most useful to members. Apart from ensuring regularity of Govt. notifications, CLB and MRTP cases, we arranged resource persons for providing HC and SC judgements, which could be of interest to our members and other readers. Until we could get good and eminent writers all over the country for providing articles, I myself along with AM Chakraborthy, V.Balu and a few other local members having a flair for writing, provided articles for the journal. All these were challenges in initial stage. Our publishing of most relevant notifications, e.g. Manufacturing and other Companies Auditors Report, CA firm to disclose the name of auditor as well, CLB order stating minor is eligible to hold share, Panorama Development case, etc. were published first in our journal. We got sponsors for prize awards for best articles in legal, accounts and management disciplines, used sensational cover titles like 'CBI Report inside' (Confederation of British Industry reports!), 'No More Shahs and no more Jacobs' and 'Turner Morrison turns the table' (Articles), got relevant advertisements to reduce the cost of journal, introduced special issues of journal on important subjects, provided previous references and footnotes in Govt. notifications, and ensured regular supply of papers for printing of journal at economical rates .