Banking Ombudsman Can Reject PDF
Banking Ombudsman Can Reject PDF
Banking Ombudsman Can Reject PDF
July 2017
Dear Students
At the outset, I on behalf of whole ICSI fraternity welcome the launch of Goods and Services Tax in
India. GST has superseded the multi-layered Indirect tax structure of India existing since a moon
years ago which consisted of 17 taxes and 23 cesses levied by the Centre and the States. This was
paramount to streamline the country's $2-trillion economy and 1.3 billion people into a common
market to give a push to ease of doing business in India. I would like to reiterate that the ICSI has
always supported Government of India in all its growth initiatives. On this historical occasion, the
entire fraternity of Company Secretaries are prepared to extend their contribution to ensure the
successful transition and implementation of GST. I am pleased to share that to support the
Government in this neoteric reform, ICSI has launched its GST app for general public to provide
them with a comprehensive insight of GST and an online certificate course on GST for its members.
I will reiterate my rumination that you all should also explore all kernals of GST to become Inside This Issue
proficient to explore upcoming opportunities in CS profession in the sphere of GST.
I will also advise to keep your focus on learning and acquiring knowledge day by day. It is said Academic Guidance
about leadership that: Practice Manual
Hindi Books relevant
“Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people for CS Course
believe in themselves, it's amazing what they can accomplish.” -Sam Walton. Curriculum
In this pursuit, ICSI is launching Corporate Leadership Development Program (CLDP). Based on the Student – ICSI
feedback received from the stakeholders, Industries, Corporate, Ministry, Regulators and Senior Academic Connect
Members, the Institute is introducing 45 Days Residential Corporate Leadership cum Legal World
Management Skill Orientation Programme for Professional Pass Students for capacity building, Student Services
enhancing quality and making them ready to be future KMPs. The proposed training Programme Examination
shall be designed to develop requisite skills among the prospective members with Practical Corporate Compliance
knowledge and professional skills to exacting business solution in an effective and efficient Executive Certificate
manner. Initially, such residential training program shall be provided to the eligible students on for Students
subsidised basis from the ICSI. The training program will be quite comprehensive and rigorous and Licentiate – ICSI
will prepare the upcoming members to take up roles of KMPs and CEOs. You may register for the News from Region
same before the seats are blocked.
Happy reading.
Academic Guidance
Green Debt Securities*
Meaning of Green Debt Securities
Green Debt Securities, also known as Green bonds. Green bonds are debt instruments used to finance
green projects that provide environmental benefits. A green bond is different from a regular bond on
the basis of its purpose. The purpose of green bond is to finance or refinance “green” projects, assets or
business activities. Green bonds can be issued either by public or by private players up front to raise
capital for projects or for refinancing purposes, freeing up capital and leading to increased lending.
According to SEBI circular, a Debt Security shall be considered as “Green or Green Debt Securities”, if
the funds raised through issuance of the debt securities are to be utilised for project(s) and/or asset(s)
which is specified by SEBI in this behalf.
Use of Proceeds
For assigning status of debt securities as green, the broad categories of areas where the funds raised
through issuance of the debt securities may be utilised in the following areas:
Biodiversity conservation;
Applicability
SEBI vide its circular dated May 30, 2017 issued Disclosure Norms for Issuance and Listing of Green
Debt Securities which will help the investors to take informed investment decisions.
SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (“SEBI ILDS Regulations"), governs public
issue of debt securities and listing of debt securities issued through public issue or on private
placement basis, on a recognized stock exchange.
For public issue and listing of Green Debt Securities and listing of privately placed Green Debt
Securities, in addition to the requirements as prescribed under SEBI ILDS Regulations and Circulars
made thereunder, following shall also be applicable.
Disclosures in Offer Document/Disclosure Document and other requirements
The issuer of a Green Debt Securities shall make following disclosures:
a) A statement on environmental objectives;
b) Brief details of decision-making process for determining the eligibility of project(s) and/or asset(s)
by issuer. An indicative guideline of the details to be provided is as under:
process followed/to be followed for determining how the project(s) and/or asset(s) fit within
the eligible green projects categories;
the criteria, making the project(s) and/or asset(s) eligible for using the
Green Debt Securities proceeds; and
environmental sustainability objectives of the proposed green investment.
c) The issuer shall provide the details of the system/procedures to be employed for tracking the
deployment of the proceeds of the issue.
d) Details of the project(s) and/or asset(s) or areas where the issuer, proposes to utilise the proceeds
of the issue of Green Debt Securities, including towards refinancing of existing green project(s)
and/or asset(s), if any.
e) The issuer may appoint an independent third party reviewer/certifier, for reviewing /certifying
the processes including project evaluation and selection criteria, project categories eligible for
financing by Green Debt Securities, etc. Such appointment is optional and shall be disclosed in the
offer document.
Continuous Disclosure
An issuer who has listed its Green Debt Securities, alongwith compliances as under SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, shall provide following disclosures along
with its annual report and financial results:
a) Details of utilisation of the proceeds and unutilized proceeds of the issue, as disclosed in offer
document/disclosure document. These details shall be provide along with the half yearly and
annual financial results.
b) The utilisation of the proceeds shall be verified by the report of an external auditor, to verify the
internal tracking method and the allocation of funds towards the project(s) and/or asset(s), from
the proceeds of Green Debt Securities.
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List of project(s) and/or asset(s) to which proceeds of the Green Debt Securities have been
allocated/invested including a brief description of such project(s) and/or asset(s) and the
amounts disbursed.
However, where confidentiality agreements limit the amount of details that can be made
available about specific project(s) and/or asset(s), information shall be presented about the
areas in which such project(s) and/or asset(s) fall into.
Methods and the key underlying assumptions used in preparation of the performance
indicators and metrics;
Maintain a decision-making process which it uses to determine the continuing eligibility of the
project(s) and/or asset(s);
Ensure that all project(s) and/or asset(s) funded by the proceeds of Green Debt Securities, meet
the documented objectives of Green Debt Securities;
Utilise the proceeds only for the stated purpose, as disclosed in the offer document;
An issuer or any agent appointed by the issuer, if follows any globally accepted standard(s) for
the issuance of Green Debt Securities including measurement of the environmental impact,
identification of the project(s) and/or asset(s), utilisation of proceeds, etc., shall disclose the
same in the offer document/disclosure document and/or in continuous disclosures.
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Conclusion
The green debt securities are supporting environment and encourage for green investment. The biggest
disadvantage of green debt securities is reputational risk if such securities credentials are challenged.
The green debt guidelines address the need for detailed disclosure norms in respect of the borrowing
entity and the project for which the fund is required and ensures close monitoring of the utilisation of
the debt securities proceeds. This move is aimed at helping to meet the huge financing requirements
worth USD 2.5 trillion for climate change actions in India by 2030.
1. http://www.sebi.gov.in/legal/circulars/may-2017/disclosure-requirements-for-issuance-and-
listing-of-green-debt-securities_34988.html
2. http://ssrana.in/News/CL%20Connect%20NewsLetter/2017/13/Green-Debt-Securities-and-its-
Disclosure-Requirements.htm
***
https://www.icsi.edu/GSTEducationalSeries.aspx
e-bulletin 6 July 2017
The Reserve Bank of India has released a notification on June 16, 2017 to widen the scope of
Banking Ombudsman Scheme 2006 to include inter alia, deficiencies arising out of sale of
insurance/ mutual fund/ other third party investment products by banks. Now after this
amendment a customer can lodge a complaint against a bank for non-compliance of RBI
instructions related to Mobile Banking/ Electronic Banking services in India.
Purpose
The purpose of the Banking Ombudsman Scheme is
To provide resolution of complaints relating to certain services rendered by banks; and
To facilitate the satisfaction or settlement of such complaints made by the customers.
Effective Date of Enforcement
The amended Scheme will come into force from July 1, 2017.
Key Amending Features
Key amendments in Banking Ombudsman Scheme, 2006 are as under:
i. A customer can lodge a complaint to Banking Ombudsman for deficiencies in banking or
other services filed on the grounds mentioned in clause 8 irrespective of the pecuniary
value of the deficiency in service complained.
ii. A customer can also lodge a complaint for non compliance of instructions of RBI
a. related to ATM / Debit Card and Prepaid Card operations;
b. related to credit card operations;
c. related to Mobile Banking / Electronic Banking service;
d. related to para-banking activities like sale of insurance/mutual fund/ other third
party investment products by banks.
iii. The Banking Ombudsman will provide an opportunity to the complainant to furnish
his/her submissions in writing along with documentary evidence within a time limit on
the written submissions made by the bank.
iv. The maximum amount of award by the Banking ombudsman is increased from Rs. 10
lacs to Rs. 20 lacs.
v. The Banking Ombudsman may reject a complaint at any stage if it appears at any stage of
the proceedings that the complaint pertains to the same cause of action, for which any
proceedings before any court, tribunal or arbitrator or any other forum is pending or a
decree or Award or order has been passed by any such court, tribunal, arbitrator or
forum.
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PRACTICE MANUAL
Systematic Approach to Taxation Containing Income Tax & Indirect Taxes by Dr. Girish Ahuja
& Dr. Ravi Gupta
Systematic Approach to Income Tax, Service Tax & VAT (Hindi Edn.) by Dr. Girish Ahuja
***
e-bulletin 10 July 2017
Legal World
CORPORATE LAWS
Landmark Judgement
TATA ENGINEERING AND LOCOMOTIVE CO LTD v. STATE OF BIHAR & ORS [SC]
Writ Petitions Nos.112 and 113 of 1961 etc.
Gajendragadkar (CJI), K.N. Wanchoo, J.C.Shah, N. Rajagopala Ayyangar, & S.M. Sikri, JJ.
[Decided on 25/02/1964]
Equivalent citations: 1965 AIR 40; 1964 SCR (6) 885; (1964) 34 comp Cas 548.
Companies Act, 1956 read with Articles 19 and 32 of the constitution of India- whether the
corporate veil could be lifted so as to enable the Indian citizens who are the shareholders of
the company to enforce their fundamental rights under Article 32- Held, No.
Brief facts : Though these writ petitions raise a common question of law in regard to the validity of
the demand for sales tax which has been made against the respective petitioners by the Sales-tax
Officers for different areas, we are concerned with that part of the judgement where the issue of
‘lifting the corporate veil’ was raised and dealt with by the Court.
Decision : Petitions dismissed.
Reason : That takes us to the question as to whether the petitioners, some of whom are companies
registered under the Indian Companies Act and one of whom is the State Trading Corporation, can
claim to file the present writ petitions under Art. 32 having regard to the decision of this Court in the
case of the State Trading Corporation of India Ltd. v. The Commercial Tax Officer & Ors A.I.R. 1963 S.C.
1811[LMJ 15: 01:2017]. The petitioners argue that the said decision merely held that the State
Trading Corporation of India Ltd. was not a citizen. The question as to whether the veil of the
Corporation can be lifted and the rights of the shareholders of the said Corporation could be
recognised under Art. 19 or not, was not decided, and it is on this aspect of the question that
arguments have been urged before us in the present writ petitions.
Mr. Palkhivala has very strongly urged before us that having regard to the fact that the controversy
between the parties relates to the fundamental rights of citizens, we should not hesitate to look at the
substance of the matter and disregard the doctrinaire approach which recognises the existence of
companies as separate juristic or legal persons. If all the shareholders of the petitioning companies
are Indian citizens, why should not the Court look at the substance of the matter and give the
shareholders the right to challenge that the contravention of their fundamental rights should be
prevented. He does not dispute that the shareholders cannot claim that the property of the companies
is their own and cannot plead that the business of the companies is their business in the strict legal
sense. The doctrine of lifting of the veil postulates the existence of dualism between the corporation
or company on the one hand and its members or shareholders on the other. So, it is no good
emphasising that technical aspect of the matter in dealing with the question as to whether the veil
should be lifted or not.
The doctrine of the lifting of the veil has been applied in the words of Palmer in five categories of
cases : where companies are in the relationship of holding and subsidiary (or sub-subsidiary)
companies; where a shareholder has lost the privilege of limited liability and has become directly
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liable to certain creditors of the company on the ground that, with his knowledge, the company
continued to carry on business six months after the number of its members was reduced below the
legal minimum; in certain matters pertaining to the law of taxes, death duties and stamps, particularly
where the question of the "controlling interest" is in issue; in the law relating to exchange control; and
in the law relating to trading with the enemy where the test of control is adopted(1). In some of these
cases, judicial decisions have no doubt lifted the veil and considered the substance of the matter.
Gower has similarly summarised this position with the observation that in a number of important
respects, the legislature has rent the veil woven by the Salomon case. Particularly is this so, 'says
Gower, in the sphere of taxation and in the steps which have been taken towards the recognition of
enterprise-entity rather than corporate- entity. It is significant, however, that according to Gower, the
courts have only construed statutes as "cracking open the corporate shell" when compelled to do so
by the clear words of the statute; indeed they have gone' out of their way to avoid this construction
whenever possible. Thus, at present, the judicial approach in cracking open the corporate shell is
somewhat cautious and circumspect. It is only where the legislative provision justifies the adoption of
such a course that the veil has been lifted. In exceptional cases where courts have felt "themselves
able to ignore the corporate entity and to treat the individual shareholders as liable for its acts", the
same course has been adopted. Summarising his conclusions, Gower has classified seven categories of
cases where the veil of a corporate body has been lifted. But it would not be possible to evolve a
rational, consistent and inflexible principle which can be invoked in determining the question as to
whether the veil of the corporation should be lifted or not. Broadly stated, where fraud is intended to
be prevented, or trading with an enemy is sought to be defeated, the veil of a corporation is lifted by
judicial decisions and the shareholders are held to be the persons who actually work for the
corporation.
That being the position with regard to the doctrine of the veil of a corporation and the principle that
the said veil can be lifted in some cases, the question which arises for our decision is; can we lift the
veil of the petitioners and say that it is the shareholders who are really moving the Court under Art.
32, and so, the existence of the legal and juristic separate entity of the petitioners as a corporation or
as a company should not make the petitions filed by them under Art. 32 incompetent?
We do not think we can answer this question in the affirmative. No doubt, the complaint made by the
petitioners is that their fundamental rights are infringed and it is a truism to say that this Court as the
guardian of the fundamental rights of the citizens will always attempt to safeguard the said
fundamental rights; but having regard to the decision of this Court in State Trading Corporation of
India Ltd (supra) we do not see how we can legitimately entertain the petitioners' plea in the present
petitions, because if their plea was upheld, it would really mean that what the corporations or the
companies cannot achieve directly, can be achieved by them indirectly by relying upon the doctrine of
lifting the veil. If the corporations and companies are not citizens, it means that the Constitution
intended that they should not get the benefit of Art. 19. It is no doubt suggested by the petitioners that
though Art. 19 is confined to citizens, the Constitution-makers may have thought that in dealing with
the claims of corporations to invoke the provisions of Art. 19, courts would act upon the doctrine of
lifting the veil and would not treat the attempts of the corporations in that behalf as falling
outside Art. 19. We do not think this argument is well-founded. The effect of confining Art. 19 to
citizens as distinguished from persons to whom other Articles like 14 apply, clearly must be that it is
only citizens to whom the rights under Art. 19 are guaranteed. If the legislature intends that the
benefit of Art. 19 should be made available to the corporations, it would not be difficult for it to adopt
a proper measure in that behalf by enlarging the definition of 'citizen' prescribed by the Citizenship
Act passed by the Parliament.
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On the other hand, the fact that the Parliament has not chosen to make any such provision indicates
that it was not the intention of the Parliament to treat corporations as citizens. Therefore, it seems to
us that in view of the decision of this Court in the case of the State Trading Corporation of India Ltd
(supra) the petitioners cannot be heard to say that their shareholders should be allowed to file the
present petitions on the ground that, in substance, the corporations and companies are nothing more
than associations of shareholders and members thereof. In our opinion, therefore, the argument that
in the present petitions we would be justified in lifting the veil cannot be sustained.
GENERAL LAWS
GOVT. OF NCT OF DELHI v. MANAV DHARAM TRUST & ANR [SC]
Civil Appeal No.6112 of 2017 (Arising out of S.L.P. (C) No. 13551 of 2015) with batch of
appeals.
Kurian Joseph & R. Banumathi, JJ. [Decided on 04/05/2017]
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and
Resettlement Act, 2013 –section 24(2)- lapse of acquisition under the 1894 Act- subsequent
purchasers/assignees/power of attorney holders, etc. approaching the court to set aside
the acquisition- whether they have locus standi- Held, Yes.
Brief facts : Whether the subsequent purchasers/assignees/power of attorney holders, etc., have
locus standi to file a petition for a declaration of lapse of acquisition proceedings under Section
24(2) of The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and
Resettlement Act, 2013 (hereinafter referred to as “the 2013 Act”), is the only issue arising for
consideration in these cases.
The High Court has taken the view in favour of such people. Thus, aggrieved the NCT of Delhi and
Delhi Development Authority are in appeals before this Court.
Decision : Appeals dismissed.
Reason : At the outset, we may note that in these cases, the land acquisition proceedings have
otherwise lapsed by the operation of Section 24(2) of the 2013 Act since either compensation was not
paid or possession was not taken within five years prior to 01.01.2014, the date of coming into force
of the 2013 Act. Thus, the dispute is only on the locus standi.
All the decisions cited by the appellants, no doubt, have categorically held that the subsequent
purchasers do not have locus standi to challenge the acquisition proceedings. But in the present case,
the challenge is not to the acquisition proceeding; it is only for a declaration that the acquisition
proceedings have lapsed in view of the operation of Section 24(2) of the 2013 Act, and therefore, the
ratio in those cases has no application to these cases.
It is one thing to say that there is a challenge to the legality or propriety or validity of the acquisition
proceedings and yet another thing to say that by virtue of operation of a subsequent legislation, the
acquisition proceedings have lapsed.
In all the decisions cited by the learned Senior Counsel for the appellants, this Court has protected the
rights of the subsequent purchaser to claim compensation, being a person interested in the
compensation, despite holding that they have no locus standi to challenge the acquisition
proceedings.
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The 2013 Act has made a sea change in the approach on the acquisition of land and compensation
thereof. The only lapse under the 1894 Act was under Section 11A where what would lapse is the ...
“entire proceedings for the acquisition of land” whereas under Section 24(2) of the 2013 Act, what
gets lapsed is the land acquisition proceedings initiated under the 1894 Act which has culminated in
passing of an award under Section 11 but where either possession was not taken or compensation
was not paid within five years prior to 01.01.2014. In other words, the land acquisition proceedings
contemplated under Section 24(2) of the 2013 Act would take in both, payment of compensation and
taking of possession within the five year period prior to 01.01.2014. If either of them is not satisfied,
the entire land acquisition proceedings would lapse under the deeming provision. The impact of
deemed lapse under Section 24(2) is that pervasive.
Thus, on account of the lapse, the encumbrance created in favour of the State comes to an end, and
resultantly, the impediment to encumber the land also comes to an end. Even, according to the
appellants, the transfers were illegal and void for the reason that there was an impediment for the
transfer. Once the acquisition proceedings lapse, all impediments cease to exist.
As we have already noted above, the whole face of land acquisition has changed by the 2013
Act. Section 105 of the 2013 Act has provided that the provisions of the Act shall not apply to the
enactments specified in the Fourth Schedule. So far, only 13 Acts have been notified under the Fourth
Schedule. Neither The Delhi Development Act, 1957 nor The Delhi Lands (Restrictions on Transfers)
Act, 1972 is included in the Fourth Schedule.
Thus, the subsequent purchaser, the assignee, the successor in interest, the power of attorney, etc.,
are all persons who are interested in compensation/land owners/affected persons in terms of the
2013 Act and such persons are entitled to file a case for a declaration that the land acquisition
proceedings have lapsed by virtue of operation of Section 24(2) of the 2013 Act. It is a declaration qua
the land wherein indisputably they have an interest and they are affected by such acquisition. For
such a declaration, it cannot be said that the respondents/writ petitioners do not have any locus
standi. Thus, we do not find any merit in these appeals and they are accordingly dismissed.
COSMO FERRITES LTD. v. PRAGYA ELECTRONICS PVT. LTD & ORS. [DEL]
O.M.P. (Comm) 350/2016
Vibhu Bakhru, J. [Decided on 25/05/2017]
Arbitration and Conciliation Act, 1996 - section 31(7) (a)-interest on award- arbitrator
refused to allow interest on awarded sum- whether correct - Held, No.
Brief facts : CFL entered into a non-exclusive distributorship agreement dated 01.04.2005 (hereafter
'the Agreement‟) with PEPL, respondent herein for the supply of soft ferrites. Subsequently, the
parties entered into annual agreements for the years 2007, 2008 and 2009. In terms of the
Agreement, PEPL placed purchase orders on CFL for supply of goods, which in turn were sold by PEPL
to its customers.
Dispute arose as to the payments and the issue was referred to arbitration. Although, the arbitral
tribunal found that CFL was entitled to recover the aforesaid amount, it rejected CFL’s claim for
interest at the rate of 12.25% p.a. on the said awarded sum.
Decision : Appeal allowed.
Reason: The principal issue to be addressed is whether the decision of the arbitral tribunal to reject
CFL’s claim for interest is sustainable. It is trite law that the arbitral tribunal cannot ignore the terms
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of the agreement between the parties. Section 28(3) of the Act mandates that the arbitral tribunal
must decide in accordance with the contract between the parties. (See: Indian Hume Pipe Company
Limited v. State of Rajasthan : (2009) 10 SCC 187).
In the present case, there is no dispute that the Agreement expressly provided for interest on delayed
payments. The arbitral tribunal has not found the aforesaid clause to be invalid or inapplicable. The
arbitral tribunal has also not indicated any reason as to why the aforesaid clause ought to be ignored.
The arbitral tribunal is bound to make award in terms of the Agreement between the parties and
there is no indication as to why the arbitral tribunal has rejected CFL’s claim for interest.
In the case of State of Haryana & Ors v. S. L. Arora & Co (2010) 3 SCC 690, the Supreme Court had
expressly held as under:-
"24.2 The authority of the Arbitral Tribunals to award interest under Section 31(7) (a) is subject to
the contract between the parties and the contract will prevail over the provisions of Section 31(7)
(a) of the Act. Where the contract between the parties contains a provision relating to, or regulating
or prohibiting interest, the entitlement of a party to the contract to interest for the period between
the date on which the cause of action arose and the date on which the award is made, will be governed
by the provisions of the contract, and the Arbitral Tribunal will have to grant or refuse interest,
strictly in accordance with the contract. The Arbitral Tribunals cannot ignore the contract between
the parties, while dealing with or awarding pre- award interest. Where the contract does not prohibit
award of interest, and where the arbitral award is for payment of money, the arbitral tribunal can
award interest in accordance with Section 31(7)(a) of the Act, subject to any term regarding interest
in the contract."
The aforesaid decision was overruled by the Supreme Court in its later decision in Hyder Consulting
(UK) Ltd. v. Governor, State of Orissa : (2015) 2 SCC 189, albeit, only to the extent that interest
under Section 31(7) (b) of the Act would also be payable on any interest included in the sum awarded
under Section 31(7) (a) of the Act. However, the view that contractual stipulations as to interest
cannot be ignored by the arbitral tribunal is good law and the decision of the Supreme Court in S. L.
Arora (supra) continues to be a binding precedent.
Having stated the above, it is also necessary to observe that the arbitral tribunal would still have the
discretion to award interest in cases where the contract is silent. However, such discretion would
have to be exercised objectively keeping in view, the facts of the case. In cases where the contract
expressly provides that interest would be payable on sums withheld, the arbitral tribunal would be
bound to award the same unless there are good reasons to not to do so.
In the present case, the impugned award does not indicate any reason as to why CFL’s claim for
interest has been rejected. This Court is hard pressed to find any discernible reason from the facts and
circumstances, as discussed in the impugned award, as to why interest on the amount awarded has
been denied to CFL. The arbitral tribunal has also ignored the provisions of the Agreement, which
expressly entitles CFL to claim interest not exceeding the rate of 14% p.a. for any delay in payment.
In view of the above, the petition is liable to be allowed and the impugned award is liable to be set
aside to the extent of rejection of CFL’s claim for interest at the rate of 12.25% p.a. from the date of
invoices till the date of the impugned award. In view of the above, the impugned award is set aside to
the extent as indicated above. The petition is, accordingly, disposed of.
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COMPETITION LAW
BIOCON LTD & ORS v. F. HOFFMANN-LA ROCHE AG & ORS [CCI]
Case No. 68 of 2016
D.K. Sikri, S. L. Bunker, Sudhir Mital, Augustine Peter, U.C. Nahta, & Justice G.P. Mittal.
[Decided on 21/04/2017]
Competition Act, 2002- Section 4 - pharma products- biosimilars - abuse of dominance-
denial of market access - CCI finds Roche involved in denial of market access to
competitors–investigation ordered.
Brief facts : The Informants are primarily aggrieved by the Roche Group's conduct whereby, it has
allegedly denied market access to its competitors in contravention of Section 4(2) (c) of the Act.
Besides, the Informants have also alleged violation of Section 4(2)(a)(ii) for imposition of unfair
prices, Section 4(2)(a)(i) for imposition of unfair conditions, Section 4(2)(e) of the Act for leveraging
and Section 4(2)(b)(i) for limiting or restricting the market.
Decision : Investigation ordered as to the allegation of denial of market access.
Reason : The Commission is cognizant that the Informants' drugs have received approvals from DCGI,
despite the attempts made by Roche Group and they were able to enter the market. The same,
however, does not rule out the possibility of Roche's actions amounting to denial of market access.
The denial of market access within the meaning of Section 4(2)(c) of the Act, need not be complete
and absolute in nature. Even a partial denial of market access that takes away the freedom of a
substitute to compete effectively and on merits in the relevant market, may amount to a
contravention of Section 4(2)(c) of the Act. With regard to the Informants' market shares, which
Roche Group has claimed is substantial, the Commission observes that, at this stage, it is very difficult
to ascertain the impact of Roche Group's strategies on the market shares of the Informants. It is a
subject matter of investigation as to whether their market shares could have been higher absent the
alleged anti-competitive strategies adopted by Roche Group.
We are dealing with a case which involves a highly sensitive sector, where the safety of the patient is
of paramount importance. Thus, creating any iota of doubt in the minds of doctors can adversely
affect the market for biosimilars, which is prescription induced, beyond repair. Such disparagement
may also have ripple effects within the medical community. In this scenario, those biosimilar
manufacturers who do not have strong marketing channels amongst doctors may be forced out of the
market because of abusive denigration by a dominant player.
The Commission further notes that a dominant enterprise is endowed with a special responsibility
not to allow its conduct to impair undistorted competition in the relevant market. The Act places
special responsibility on such enterprise not to conduct its business in a manner which is prohibited
under Section 4(2) of the Act. Prima facie, it appears to the Commission that Roche Group has shirked
such responsibility and indulged in abusive conduct.
With regard to the Informants' allegation on unfair pricing under Section 4(2) (a) (ii) of the Act, the
Commission is prima facie not convinced that a case is made out against the Roche Group. Being the
innovator, it might have invested huge sums on research and development of Trastuzumab. Thus,
initial high prices can be attributable to being the reward for innovation. Further, it subsequently
introduced cheaper versions in the market viz. BICELTIS/HERCLON. The Informants have also alleged
leveraging on the part of Roche Group. In this regard, the Commission notes that it has taken the
prima facie view that the relevant market in the instant case is 'market for biological drugs based on
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Trastuzumab, including its biosimilars in India' and the impugned conduct of Roche Group therein
amounts to contravention of Section 4(2) (c) of the Act. Thus, at this stage, the Commission does not
find it relevant to deal with the alleged contravention of Section 4(2)(e) of the Act, which would arise
only in case of delineation of narrower relevant markets as defined in the information i.e. ‘market of
sale for biological drugs (including biosimilars) used in the targeted therapy of HER-2 positive
metastatic breast cancer within the territory of India', 'market of sale for biological drugs (including
biosimilars) used in the targeted therapy of HER-2 positive early breast cancer within the territory of
India' and 'market of sale for biological drugs (including biosimilars) used in the targeted therapy of
HER-2 positive metastatic gastric cancer within the territory of India'. However, the prima facie
determination of the Commission in this order regarding the relevant market and abuse therein shall
not preclude the DG from delineating narrower relevant markets on the basis of investigation into
relevant facts and also examine whether the impugned conduct of Roche Group constitutes a
contravention of Section 4(2) (e) of the Act. With regard to the Informants' allegation under Section
4(2) (a) (i) of the Act, Roche Group has claimed that it is its prudent business strategy not to import
150 mg vials of BICELTIS / HERCLON. The Commission agrees with the assertion made by Roche
Group and hence, prima facie, does not find any imposition of unfair condition in that and accordingly,
does not find any contravention under Section 4(2)(a)(i) of the Act.
Based on the foregoing analysis, the Commission is of the considered view that prima facie, the
contravention with regard to Section 4(2) (c) of the Act is made out against Roche Group, which
warrants detailed investigation into the matter. The DG is, thus, directed to carry out a detailed
investigation into the matter, in terms of Section 26(1) of the Act, and submit a report to the
Commission, within 60 days.
***
e-bulletin 17 July 2017
, ह ह
( ह २.०० ३.०० ) . 0120-4082125 ह ई-
academics@icsi.edu ह।
Dear Students,
We are pleased to share that with a view to update the students on important
developments on daily basis, the Institute has initiated ‘Info Capsules’ on the
Institute’s website www.icsi.edu.
Team ICSI
e-bulletin 18 July 2017
Student Services
The Institute has initiated various steps to provide instantaneous services to its stakeholders by
the use of technology. More and more services are being added in this march for automation.
The study material is now fully available to one and all through the online portal. Some of the
services and their uses which are important for awareness are listed:
CALL CENTRE
The Institute has established a dedicated call centre with Phone Nos. 011-33132333, 011-
66204999. The Call Centre provides for Interactive Voice Response as well as a Ticketing
Mechanism.
Students may call us at 011-6675 7777 and inform the central core team about their query on
any topic of Company Secretaryship Course. The central core team thereafter connects the
students to the subject expert/ faculty across the country.
REGISTRATION
Renewal of Registration (Registration Denovo / Extension)
Registration of students registered upto and including July 2012 stands terminated on expiry of
five-year period on June 2017.
Students are advised to apply for Registration De novo/ Extension of registration as per the
guidelines published in this bulletin. Online facility for availing Registration Denovo and
Extension is available at www.icsi.edu. Students are required to login to their account in the
Student Portal https://smash.icsi.in/Scripts/login.aspx for seeking Registration Denovo or Extension
subject to meeting the eligibility conditions. Students are required to seek Registration Denovo or
Extension by 9th April and 10th October for appearing in June and December sessions of
examinations. Detailed process for seeking Registration Denovo and Extension online is given
below.
ONLINE DE NOVO & EXTENSION REGISTRATION PROCESS
(FOR EXECUTIVE PROGRAMME & PROFESSIONAL PROGRAMME STUDENTS)
Kindly visit the following link to check the process of Denovo and Extension
https://www.icsi.in/Student/Portals/0/Sitemap/UserManuals/SMASH_Links_for_UserManuals.pdf
REGULARISATION OF EXECUTIVE PROGRAMME ADMISSION
Students provisionally admitted to the Executive Programme are advised to upload the
scanned copies of their graduation Pass Certificates or marksheets for regularizing their
admission at their online account at www.icsi.edu. They are required to login at their account to
upload the desired marks sheets/certificates. Students, who have already uploaded / submitted
their graduation pass certificate/Marksheet and have not received any confirmation with regard
to approval of their admission, must contact the Institute immediately either through online
e-bulletin 20 July 2017
Name
Admission No.
Email Address
Provisional admission of the students, who fail to submit/upload the requisite proof of having
passed the graduation examinations within the stipulated time period of six months shall stand
cancelled and no refund of fee will be made.
Students are advised to update their addresses instantly through online services option at
www.icsi.edu. Their Registration Number shall be their user Id itself. Students can also reset their
password anytime (The new password will be displayed on the screen). The process is given
below:
Manual for Change of Mobile number, Email Id, Address and resetting password
Step 3:
Step 3:
Change/Reset Password
Step 1: Log in with valid credentials on smash.icsi.in
Step 2: Click on Profile > Change Password
Students are advised to update their E-Mail Id and Mobile Numbers timely so that important
communications are not missed as the same are sent through bulk mail/SMS nowadays. Students
may update their E-mail Id/ Mobile Number instantly after logging into their account at
www.icsi.edu at request option.
Student Identity Card Identity Card can be downloaded after logging into the Student Portal at
www.icsi.edu. After downloading the Identity card, students are compulsorily required to get
it attested by any of the following authorities with his/her seal carrying name,
professional membership No., designation and complete official address:
1. Member of the Institute, with ACS/FCS No.
2. Gazetted Officer of the Central or State Government.
3. Manager of a Nationalised Bank.
4. Principal of a recognized School/College.
5. Officer of ICSI
e-bulletin 24 July 2017
Unattested Identity Cards are not valid and the students are advised to carry duly attested
Identity Card for various services during their visits to the offices of the Institute, Examination
Centres, etc.
Registration to Professional Programme
Students who have passed/completed both modules of Executive examination are advised to
seek registration to Professional Programme through online mode. The prescribed fee is
Rs.12,000/-.Eligibility of students registered to professional programme for appearing in the
Examinations shall be as under: -
Students Registered During Will be eligible for appearing in
1st December, 2016 to 28th February, 2017 All Modules in December, 2017 Session
1st March, 2017 to 31st May, 2017 Any One Module in December, 2017 Session
1st June, 2017 to 31st August, 2017 All Modules in June, 2018 Session
1st September 2017 to 30th November 2017 Any One Module in June 2018 Session
While registering for Professional Programme, students are required to submit their option for
the Elective Subject under Module 3 as per details given below:-
Electives subject 1 out of below 5 subjects
1. Banking Law and Practice
2. Capital, Commodity and Money Market
3. Insurance Law and Practice
4. Intellectual Property Rights - Law and Practice
5. International Business-Laws and Practices
Notwithstanding the original option of Elective Subject, students may change their option of
Elective Subject at the time of seeking enrolment to the Examinations. There will be no fee for
changing their option for elective subject, but the study material if needed will have to be
purchased by them against requisite payment. Soft copies of the study materials are available on
the website of the Institute.
Clarification Regarding Paper wise Exemption
(a) Paperwise exemption is granted only on the basis of specific request received online
through website www.icsi.edu from a registered student and complying all the
requirements. There is one time payment of Rs. 1000/- (per subject).
(b) Students are required to apply for paper wise exemption on-line by logging into their
account on www.icsi.edu before 9th April for June session of examinations and before
10th October for December session of examinations.
(c) The paperwise exemption once granted holds good during the validity period of
registration or passing/completing the examination, whichever is earlier.
(d) Paper-wise exemptions based on scoring 60% marks in the examinations are being
granted to the students automatically and in case the students are not interested in
availing the exemption they may seek cancellation of the same by sending a formal request
e-bulletin 25 July 2017
Important
Paper-wise Exemptions are available only on the basis of passing (i)
ICAI (The Institute of Cost Accountants of India) Final Examinations (ii) LL.B.
Examinations (with 50% marks) or (iii) Members of ICSA-UK in selected
subjects of Executive Programme & Professional Programme and no other
exemptions are admissible on the basis of any other higher qualifications.
Schedule of Fees
A.) The details of fee applicable for availing various services are as under:-
PARTICULARS FEE (Rs.)
A. FOUNDATION PROGRAMME
Prospectus 200
E. EXAMINATION FEES
Foundation Programme
1200
Concession in fee for the widows and wards of martyrs of the military and para-military
forces
The Public Private Partnership Scheme for conducting Class Room Teaching has been
discontinued and presently no Centres are authorized to conduct the classes under the Scheme.
Students registering at these centres will be doing so at their own risk and
responsibility. Students are advised to the approach the nearest Regional and Chapter Offices of
the Institute for availing the Class Room Teaching facility.
The requirement of coaching completion certificate has been discontinued. This would make
students eligible for enrolment to Executive / Professional Programme examinations after expiry
of six months or nine months as the case may be, from the date of registration to the respective
stage.
Henceforth, students of Executive Programme and Professional Programme are not required to:
a) submit response sheets to test papers on various subjects to the Institute under Postal
Tuition Scheme, or
b) obtain coaching completion certificate from the Institute or from Class Room
Teaching Centres of the Institute, or
The Institute has introduced a Re-registration Scheme, whereby students who have passed
Intermediate Course/ Executive Programme under any old syllabus but not eligible for seeking
Registration Denovo may resume CS Course from Professional Programme Stage. It is an
opportunity to come back to the profession for those students who had to discontinue the CS
Course due to compelling reasons. Detailed FAQ, Prescribed Application Form, etc. may be seen at
“for students” option at home page of Institute’s website www.icsi.edu.
ATTENTION STUDENTS !
PROCEDURE TO CREATE / RESET PASSWORD
Students are advised to follow the steps as given below for creating/ resetting password
for the New Portal launched by the Institute :
Step-2 Students may directly visit the Reset/ Create Password link :
RESET OR CREATE PASSWORD
The following screen opens :
Enter Registration Number, Date of Birth, Country, Mobile Number and E-Mail
Id (the details should exactly match with those appearing in the Old System)
e-bulletin 30 July 2017
Step 4 On entering the correct details, a One Time Password is automatically sent by
the system to the registered E-Mail Id and Mobile Number. Also, the following
screen opens :
Click directly on submit screen in case you have not received the OTP.System
will automatically take you to the password screen on clicking on submit
button.
Enter the New Password and Confirm the same. While entering new password,
please ensure that the password containts atleast one character in Uppercase,
one character in Lowercase, one Special Character and one Numerical
character. For example Student@123.
Please follow the criteria of password One Upper Case, One Lower Case, One
Numeric and One Special Character in the password entered by you. For
example, Student#4078, ICSI*2136, etc.
Step 7 Click on OK button, you are now you are ready to login to the new portal and
avail the Online Services.
Visit the SMASH portal and login to your Online Account by entering your User
Id (Registration Number) and the newly created password.
e-bulletin 32 July 2017
1. Facebook
2. Twitter
Click on appropriate links on home page of ICSI website to get access to these webpages.
https://twitter.com/icsi_cs
https://www.facebook.com/ICSI
e-bulletin 33 July 2017
ATTENTION STUDENTS!
DEDUCTION OF 30% OF THE TOTAL FEE REMITTED BY THE APPLICANT IN RESPECT OF
REGISTRATIONS LYING PENDING FOR MORE THAN A YEAR
The Institute has decided to reject the applications of such students who do not submit the
documents within one year after their registration in Foundation and Executive programme
by deducting 30% of the fee remitted by them towards administrative charges after expiry of
one year. Therefore it is advised that all such students may submit their documents in the
stipulated time period failing which their registration applications would be rejected
ATTENTION STUDENTS !
ISSUE OF STUDY MATERIALS COMPULSORILY TO ALL THE STUDENTS
REGISTERING FOR THE CS COURSE
It is informed that henceforth the study materials will be issued compulsorily to all students
registering for different stages of CS Course.
It has been decided to discontinue the system of granting concession to the students of
Executive/ Professional Programme Stages not opting for the study materials at the time of
registration.
STUDY CENTERS
ICSI is setting up Study Centres in cities/ locations where the Regional/ Chapter Office of the
Institute does not exist to facilitate the students.
The details of study centers are given below.
G D Rungta Rungta
College of Education
Dr. Manoj 09229155538/ dr.manoj.verghe www.rungta.ac.i
4 Bhilai Science & Campus, Kohka
Verghese 0788-6666666 se@rungta.ac.in n
Technology, Road, Kurud-
Bhilai 490024(C.G)
"Jnana Degula",
DR. D.G Shetty Near K.M.F.
Educational Lakammanhalli
0836-2465327/
Hubli - Society's RS Industria Area, Dr. D.G.Shetty, drdgshetty@ya
5 2465105/ www.dgses.org
Dharwad Shetty College of P.B.Road, Principal/ hoo.in
09343400038
Commerce, Dharwad-
Dharwad 580004,
Karnataka
TMMIT, Opp.
Teerthankar Parshavnath
Mahaveer Plaza, D-203,
Institute of TMU Campus, Prof. Vipin Jain, 09917200216/ ed.tmimt@tmu.
6 Moradabad www.tmu.ac.in
Management & Delhi Road, Principal/Director 09829574261 ac.in
Technology, Moradabad-
Moradabad 244001, Uttar
Pradesh
S W H Marg,
Ashowk Chowk
Hirachand New Pacha Peth,
Nemchand Walchand sarikamahindra
Mrs. Sarika
7 Solapur College of Collage Campus, 9370323585 kar33@gmail.co www.hncc.org
Mahindra Kar
Commerce, S W H Marg, m
Solapur Solapur,
Maharashtra
413006
Onway Traffic,
Day & Night
Junction, Plot No-
Sri sai Krishna 12, Nehru Nagar, Dr. N.Appanna,
8942-2253042/ pvrm.patnaik@
8 Srikakulam Junior College, Near Shanti Principal &
09440315789 yahoo.com
Srikakulam Nagar Colony, Coordinator
Srikakulam-
532001, Andhra
Pradesh
Dr. No-4-7-7,
Sri Boddu Kothagraharam,
08922- boddukrishna.2
Krishna Degree Near ICICI Bank, Mr. B.M.M Krishna
9 Vizianagram 226454/094408 26454@gmail.c
College, Vizianagaram- Rao
24742 om
Vizianagaram 535001, Andhra
Pradesh
Neelganga Road,
Lokmanya Tilak
Near Railway 0734- ltsccollegeujjain
Science &
10 Ujjain Station, Madhav Dr. Govind Gandhe 2563833/09425 @rediffmail.co
Commerce
Nagar, Ujjain- 335568 m
College, Ujjain
456010, Indore
municipal_colle
Udit Nagar,Dist: http://www.mu
ge@yahoo.co.in;
Municipal Sundergarh, Mr. G.B. 0661-2501838/ nicipalcollegerk
11 Rourkela golakbiharidala
College,Rourkela Rourkela- Dalabehera, HOD 9437085393 l.com/default.as
behera@gmail.c
769012,Odisha p
om
P.O. : SILIGURI,
Silliguri College Dr. Asim Kumar 0353- www.siliguricol
DARJEELING-
12 Silliguri of Commerce, Mukerjee, 2432594/24368 legeof
734001, West
Silliguri Principal 17 commerce.org
Bengal
Agarakattu,
J.P College of Tenkasi, 04633-
Dr. A.J.Ranjith jparts12@gmail http://www.jpa
13 Tirunelveli Arts & Science, Tirunelveli,- 268321,267123
Singh,Principal .com rtscollege.org/
Tirunelveli 627852, /9443451076
Tamilnadu
e-bulletin 35 July 2017
Vrindavan Gate,
Masani, Mathura,
12, Aakash
0565-
R C A Girls (PG) Nagar, Vishwa Dr. Preeti Johari, principal@rcagi www.rcagirlsco
15 Mathura 2505956/09412
College, Mathura Laxmi Nagar, Principal rlscollege.org llege.org
777091
Mathura, Uttar
pradesh -
281003
9-66/14A, New Mr.T.Praneeth
Seicom Degree & 9949032949,
Maruthi Nagar Swaroop, seicom1997@g http://seicom.a
16 Tirupati PG College, 7799045454/
Extension, Director/ Mr mail.com c.in/
Tirupati (0877)-2241094
Tirupati-517501 Pranit Saurabh
Railway Dam
road, Rajiv
bharatsinghyad
Hari Singh Arya Nagar, Nagra, Mr. Bharat singh
17 Jhansi 7617077770 av@hotmail.co
Degree college Jhansi - Yadav
m
284003,Uttar
Pradesh
Rahe-Murtaza
Civil Lines MSA
St. Anthony’s road, F-10,
0595-2350320 / ali9897499919
18 Rampur School for Girls, Officer Mr. Ali Siddiqui
9897499919 @gmail.com
Rampur Bungalow, Raza,
Rampur, Uttar
Pradsh - 244901
Nanjanapuram,
0424- konguarts@kas
Kongu arts and Kathirampatti
19 Erode Dr. N Raman 2242888/99424 c.ac.in;corpkong www.kasc.ac.in
Science College post Erode-
52528 u@gmail.com
638107
Tulasikatte Road,
Santekatte,
Trisha College, Kallianpura, Near 09620929337/0 principaltrisha www.trishacoll
23 Udupi Mr Satish Nagodde
Udupi T.M.A Pai High 820-2580181 @gmail.com ege.org
School, Udupi-
5762114
Shrirmathi Dev
kunvar Nanalal Shanti Nagar,
Dr. V Varalakshmi 09940337470/0 info.sdnbvc@g www.sdnbvc.co
24 Chennai Bhatt Vaishnav Chromepet,
Principal 44-22655450 mail.com m
College for Chennai- 600044
women, Chennai
nlc.ahmednagar
New Law Laltaki Road, 0241-
Dr A S Raju, @gmail.com; www.newlawco
29 Ahmednagar College, Ahmednagar- 2325019/09822
Principal professor.dr.asr llege.org
Ahmednagar 414001 631844
aju@gmail.com
Ananda Inn,
Bharathidasan
Thiruvalluvar 0413- http://bgcw.pu
Govt College for bgcwoffice@ya
30 Puducherry Nagar, Dr. R Srinivasan 2213504/09787 ducherry.gov.in
Women, hoo.com
Puducherry, 703173 /
Puducherry
605001
Vill. Bologarah,
P.O. Kharupetia, http://www.kh
Kharupetia aaziz485@gmai
31 Kharupetia Dist. Darrang, Mr. Abdul Azia 9854165424 arupetiacollege.
College, Darrang l.com
Pin- org/
784115, Assam
6th Mile Samdur,
Sikkim
P.O,Tadong, contactus@cus.
32 Gangtok University, Dr. S S Mahapatra 9821024283 www.cus.ac.in
Gangtok-737102, ac.in
Gangtok
Sikkim
Residency
Colony, Near
03862- unitycollegedim
Unity College, Nagaland Dr. Sanjay www.unitycolle
33 Dimapur 283589/094360 apur@gmail.co
Dimapur University, Chhabra gedimapur.com
04436 m
Residential
Campus,Dimapur
Rono Hills,
Rajiv Gandhi Doimukh, Pin-
sanjeebjena130 http://www.rg
34 Itanagar University, 791112, Dr. Sanjeeb K Jena 9402081875
9@yahoo.ac.in u.ac.in/
Itanangar Arunachal
Pradesh
Dindigul Main
Road,
National College, kumark1965@ya
35 Tiruchirapalli Karumandapam, Dr K Kumar 9443548859
Tiruchirapalli hoo.com
Tiruchirapalli-
620001
Vengola PO,
Arackapady,
Jai Bharth Arts &
Perumbavoor, k.x.varghese@g www.jaibharathc
36 Perumbavoor Science College, Dr. K.X Varhese 9446491047
Pin-683556, mail.com ollege.com
Perumbavoor
Ernakulam
District, Kerela
Shri Shivaji
College of Arts, Near Shivaji Park, 09960296138/072 principal@shivaji www.shivajiakol
37 Akola Dr. S G Bhadange
Commerce & Akola-444003 42410438 akola.org a.ac.in
Science,Akola
Marudhar Nagar,
Marudhar Kesari Chinnakallupalli, 09789566557/041
Vaniyambadi,Ve Ms. M hod.commerce
39 Jain College for Vaniyambadi- 74- www.mkic.in
llore Deistrict Ashtalakshmi @mkic.in
women 635751, 224300/225300
Tamilnadu
Savlanga Road,
Edurite College of 08182-
Ravindra Nagara, Dr. Shankar shankar_narayan
40 Shivamogga Management 402541/09343310
Shivamogga, Narayan @yahoo.com
Studies 847
Karnataka 577201
Karmaveer
Ismailsaheb Samadhi Parisar, 02162-
Dr Sujata Sanjay imlcsatara@gma
41 Satara Mulla Law Ravivar Peth, 234138/09422400 www.imlc.ac.in
Pawar il.com
College Powai Naka, 917
Satara 415002
Janata Shikshan Behind State Bank
Mandal’s Sau. of India At & Post
2141-
Janakibai Dhondo - Alibag, Dist Prof Datar surendra_datar
42 Alibag 222036,228361/ ismalibag.edu.in
Kunte Commerce Raigad, Surendra Bhagwan @hotmail.com
09270600370
College (JSM Maharashtra -
College) 4044011
College Veng,
Pachhunga mathlana9@gm
43 Aizwal Aizwal Mizoram- Dr. Vanlal Thlona 9436365274 pucollege.edu.in
University College ail.com
796005
Address and contact details of Regional /Chapter Office & Module/Subject wise
details for running batches are given below :-
e-bulletin 38 July 2017
SILVER
POINT 3/2 G,
Second
Floor Nehru Mr Ravi
0562-4031444 /
8 NIRC AGRA Nagar,(Near Foundation Krishna agra@icsi.edu
9839226671
Anjana Srivastava
Cinema, M.G.
Road), AGRA -
282005
e-bulletin 39 July 2017
30-A / 9 /2A
COOPER ROAD Foundation
NEAR HARI
MAZID,
INFRONT OF Mr. Amitabh Amitabh.Shukla@i
9 NIRC ALLAHABAD 9415351209
HP MEDIA, Executive I & II Shukla csi.edu
2ND FLOOR,
CIVIL LINES
ALLAHABAD -
211001
ICSI CHAPTER Foundation
BARIELLY,
182, NAI Mr. Amit
BASTI, Kumar & Mr. cs_bly@rediffmail.
8755755741/
10 NIRC BAREILLY NARKULGANJ Sanjeev com/ amit
Executive 9458821397
(NEAR UTSAV Kumar kumarb@icsi.edu
BARAT GHAR), Sharma
BARIELLY -
243122
ICSI HOUSE,
SEC-8,
INSTITUTION
AL AREA, RING Mr.Rajeev rajeev.jha@icsi.ed
11 NIRC BHILWARA Professional 8003990862
ROAD, PATEL Ranjan Jha u
NAGAR,
BHILWARA
(RAJ.)-311001
ICSI-NIRC
BUILDING 4,
Foundation
PRASAD
NAGAR
12 NIRC DELHI Ms. Beena beena@icsi.edu 011 49343009
INSTITUTION
AL AREA NEW
Executive I & II
DELHI- 110
005
Institutional
Plot No.-
1A, Sector- Foundation
Mr. Makhan faridabad@i
13 NIRC FARIDABAD 16A, (Near Sai 0129-4003761
Lal csi.edu
Baba Temple),
Faridabad-
Executive I & II
121002
GHAZIABAD Foundation
CHAPTER, 23-
B,NEHRU Executive I & II Mr. Anil
ghaziabad@icsi.ed 0120-4559681,
14 NIRC GHAZIABAD NAGAR, Kumar
u 9716011634
NEHRU Upadhyay
APARTMENT Professional
GHAZIABAD
FIRST FLOOR, Foundation
DEENBANDHU
SIR CHOOTU
RAM BHAWAN
JHARSA ROAD Mr. Laxman
15 NIRC GURGAON gurgaon@icsi.edu 0124-2380021
BEHIND SHIV Executive I & II Dev
MANDIR
SECTOR 32
GURGAON-
122002
DAV COLLEGE, Foundation
DAYANAND
Mr. Vinay vinay.kumar@icsi.
16 NIRC JALANDHAR NAGAR, 9041040129
Executive I & II Kumar edu
JALANDHAR-
144008
118/90,
GUMTI PLAZA , Foundation
Ms. Uma Devi uma.gupta@icsi.ed
18 NIRC KANPUR KAUSHALPURI 8687116064
gupta u
,KANPUR- Executive I & II
208012
1/157, VIVEK Foundation Mr. Shiv
shiv.tiwari@icsi.ed
KHAND-I, Moorthi
u, 9450465499
19 NIRC LUCKNOW GOMTI NAGAR Tiwari, Mr.
Executive I & II raju.kumar@icsi.e 05224109382
LUCKNOW - Sandeep
du
226010 Rapra
11B, 2nd
FLOOR
PHERUMAN
COMPLEX,
GURUDWARA,
Mr. Sanjay
20 NIRC LUDHIANA SAHEEDAN, Foundation ludhiana@icsi.edu 0161-2545456
Jakhmola
OPP MANJU
CINEMA, G.T.
ROAD,
LUDHIANA-
141003
Opp. MM
Foundation
Printer, Near
Modi
Mr. Muneesh modinagar@icsi.ed
22 NIRC MODINAGAR Steels, Delhi- 01232-243048
Bindal u
Meerut G.T. Excutive I & II
Road, Modinag
ar-201204
F BLOCK IIND Foundation
FLOOR GURU
KRIPA Executive I & II
COMPLEX OPP varanasi
Mr. Ashish
23 NIRC VARANASI TAKSAL @icsi.ed 7800937000
Tiwari
THEATRE u
NADESAR, Professional
VARANASI-
221002
DAV College
for
Girls, Academi
YAMUNA Mr. Upendra yamuna.nagar@ics
24 NIRC c Block- Foundation 9812573452
NAGAR Kumar i.edu
4, Jagadhri
Road, Yamuna
Nagar-135001
Ist FLOOR
HINDU
COLLEGE &
HIGH SCHOOL
CAMPUS Mr. S. amaravati@icsi.ed
25 SIRC AMARAVATI Executive I & II 0863-2233445
BESIDE Gaddam u
CANARA
BANK,
GUNTUR-
522003
No-5, 1st MAIN Foundation
ROAD, KSSIDC
INDUSTRIAL
ESTATE, 6TH
BLOCK, WEST bangalore@icsi.ed
26 SIRC BANGALORE Mr. Maitreya 7760976362
OF CHORD u
ROAD, RAJAJI
NAGAR
BANGALORE-
560010 Executive I&II
CALICUT
27 SIRC CALICUT CHAPTER OF Ms. Sheeba calicut@icsi.edu 0495-2374702
SIRC OF ICSI, Foundation
e-bulletin 41 July 2017
A-3,29/2084,
2ND FLOOR,
RAHIYAN Executive I & II
BUILDING, K.T.
GOPALAN
ROAD, Professional I, II & III
KOTOOLI,CALI
CUT - 673016
"ICSI-SIRC Foundation
HOUSE", 9,
WHEAT Executive I & II
CROFTS ROAD, Mr. C. chelliah.murugan
28 SIRC CHENNAI 9443796311
NUNGAMBAK Murugan @icsi.edu
KAM, Professional I, II & III
CHENNAI -
600 034
No. 209, KSG
COMPLEX, Foundation sreejith.p@icsi.edu
2ND FLOOR, Mr. Sreejith , s.ashok@icsi.edu
0422 - 2237006 /
29 SIRC COIMBATORE SASTRI ROAD, P, Mr. &
Executive I & II 9486477497
RAM NAGAR, S.Ashok coimbatore@icsi.e
COIMBATORE- du
641 009. Professional I, II & III
H.NO:6-3-
609/5,ANAND Foundation
NAGAR
Mr. V P C vpc.sharma@icsi.e
30 SIRC HYDERABAD COLONY,KHAI 9912129292
Executive I & II Sharma du
RATABAD,HYD
ERABAD-
500004.
KOCHI
CHAPTER,ICSI Foundation
HOUSE, NO
65/635,
JUDGES
AVENUE
RBI
Mr Sree 0484-
31 SIRC KOCHI QUARTERS kochi@icsi.edu
Executive Kumar T S 4050502/2402950
ROAD,
BEHIND
INDIAN
EXPRESS,
KALOOR
ERNAKULAM -
682017
CHAPTER
OFFICE, C3, Foundation
3rd FLOOR, Executive I & II
A.R. PLAZA, t.raja@icsi.edu &
32 SIRC MADURAI Mr. T.Raja 9843155753
16/17 NORTH madurai@icsi.edu
VELIS STREET
MADUARI -
625001 Professional I, II & III
ICSI Foundation
MANGALORE
CHAPTER
GRACE
sankara.badi@icsi. 0824-
33 SIRC MANGALORE TOWER SHANKAR B
Executive I & II edu 2216482/9886400332
BILDING IIND
FLOOR BEJAI
MANGALORE
575004
MYSORE Foundation
CHAPTER OF
ICSI
ICSI House,
#125, NHCSL Mr. dhanabal.n@icsi.e
34 SIRC MYSORE 9731242336
LAYOUT OFF Executive I & II N.Dhanabal du
KRS ROAD,
OPP. J K
TYRES,
METAGALLI
e-bulletin 42 July 2017
MYSORE-
570016
Ist FLOOR
ABOVE PNB Foundation
ATM, SHREE
KRISHNA Ms. Roby
35 SIRC PALAKKAD palakkad@icsi.edu 0491-2528558
BUILDING Executive I & II Joshep
NURANI,
PALAKKAD-
678004
No-318, SRI
MAHARAJ
ILLAM,
AZHAGU
VINAYAGAR
STREET
Mr. Sunder
36 SIRC SALEM NAGARAMALA Executive I & II salem@icsi.edu 8754340840
Swamy S
L MAIN ROAD,
FAIRLANDS
POST
ALAGAPURAM,
SALEM -
636016
TC-3/2342, Foundation
PADMASREE
BEHIND
INDIAN BANK,
THIRUVANAN Mr. S V Vinod Vinod.Sreerama@i
38 SIRC POST OFFICE 8089522663
THAPURAM Kumar csi.edu
LANE,
Executive I & II
PATTOM,
TRIVANDRUM
-695004
ICSI Foundation
AHMEDABAD
CHPATER, S-2
B TOWER,
MANEK LAL
MILLS
Mr. Rohit rohit.khunt@icsi.e 8905036321/ 079-
40 WIRC AHMEDABAD COMPLEX,
Khunt du 30025335
CHINUBHAI
TOWERS, Executive
ASHRAM
ROAD,
AHMEDABAD -
380009
I & II
e-bulletin 43 July 2017
BHOPAL Foundation
CHAPTER OF
WIRC OF ICSI,
PLOT NO. 148,
II FLOOR,
Ms. Amita
41 WIRC BHOPAL ANCHOR bhopal@icsi.edu 0755-2577139
Malviya
MANSION, Executive I & II
ZONE- 2, MP
NAGAR,
BHOPAL (M.P.)
462011
CHAPTER Foundation
OFFICE, 6TH
FLOOR,
INDRAPRASTH
APARTMENTS
Vasant H
42 WIRC GOA OPP. GOVINDA goa@icsi.edu 8322435033
Executive I & II Kerkar
BUILDING,
MENEZES
BRAGANZA
ROAD, PANAJI
GOA - 403001
B-1/2/3, Foundation
ASHRAY
APARTMENT ,
Ms. Ankita
43 WIRC INDORE 2/1, indore@icsi.edu 0731-424818/2494552
Executive I & II Baldwa
MANORAMAG
ANJ, INDORE-
452001
R.S.No.1108 Foundation
C/34 C,
Jaduban Plaza,
Office Unit Executive I & II
Ms. Archana
44 WIRC KOLHAPUR No.F kolhapur@icsi.edu 0231-2526160
Kamlakar
4 Panch Bungl
ow, Shahupuri,
Professional
Kolhapur-
416001
THE
INSTITUTE OF
COMPANY
SECRETATIES
OF INDIA, 13,
1ST FLOOR, Foundation
JOLLY MAKER & Executive
CHAMBER -II,
NARIMAN Mr.
bannashankar.das
45 WIRC MUMBAI POINT Bannashanka 9223542195
ari@icsi.edu
MUMBAI- r Dasari
400021
MKES
INSTITUTE
(NAGINDAS
Foundation
KHANDWALA
& Executive
COLLEGE) S.V.
ROAD, MALAD
- 400064
NAGPUR Foundation
CHAPTER OF
ICSI,3RD
FLOOR,
AVINISHA Mr. Sudhakar
46 WIRC NAGPUR nagpur@icsi.edu 0712-2453276
TOWERS, Executive I & II Aisalwaru
MEHADIA SQ,
DHANTOLI,
NAGPUR -
440012
BYK COLLEGE
NASHIK,
Mr. Amit Amit.Kumar_N@ic
47 WIRC NASHIK COLLEGE Foundation 8796090345
Kumar si.edu
ROAD NASHIK
MAHARASHTR
e-bulletin 44 July 2017
A-422005
ICSI-CCGRT,
OFFICER NO- Foundation
204, 2ND
FLOOR, PLOT
NO- 101, SEC-
Ms. Lachhmi navimumbai@i
48 WIRC NAVI MUMBAI 15INDUSTRIA 022-27577816
Bhatt csi.edu
L AREA CBD Executive I & II
BELAPUR,
NAVI
MUMBAI-
400614
CHAPTER Foundation
PREMISES, 23
MUKUND
NAGAR
CORNER OF MR. P.S. ps.emmanuel@icsi
49 WIRC PUNE 8149121488
LANE NO.1, Executive I & II EMMANUEL .edu
ABOVE DR
JOSHI
HOSPITAL,PU
NE - 411037
H.NO C-67, Foundation
SECOTR - 2
1ST FLOOR
ABOVE LITTLE Executive I & II
STAR PLAY
Mr. Prafulla
50 WIRC RAIPUR SCHOOL, raipur@icsi.edu 0771-2582618
Kumar Dash
DEVENDRA
NEAR GUJRATI
SCHOOL, Professional
RAIPUR -
492001
TRIUPATI
PLAZA NEAR Foundation
COLLECTOR
Mr. Goutam goutam.karmakar
51 WIRC SURAT OFFICE 8013214546
Executive I & II Karmakar @icsi.edu
ATHWAGATE
SURAT-
395001
ICSI THANE
CHPATER, Foundation
201-202 SAI
PLAZA
COMPLEX
GODBUNDER
ROAD NEAR
soujit.das
52 WIRC THANE KAPURBAWA Mr. Soujit Das 7506104313
Executive I & II @icsi.edu
DI JN, OPP TO
ORION
BUSINESS
PARK, ABOVE
VIJAY SALES
THANE (W)
400607
ICSI
VADODARA Foundation
CHPATER,
OFFICE NO.1
(2ND FLOOR)
STOP-N-SHOP Mr. Amit amit.nagar@i
53 WIRC VADODARA 8980949075
PLAZA Executive I & II Kumar Nagar csi.edu
OFFTEL
TOWER-II, R.
C.DUTT ROAD
VADODARA -
390007
https://www.icsi.edu/WebModules/ICSI_CLASS_TEACHING_GUIDELINES.pdf
e-bulletin 45 July 2017
(*) All Students switching over from 2007 (Old) Syllabus to 2012(New) Syllabus or have already
switched over from 2007(Old) Syllabus to 2012 (New) Syllabus shall be eligible for exemption in
“Information Technology and Systems Audit” paper under the 2012(New) Syllabus.
50% aggregate marks across modules and minimum 40% marks in each paper, if
appears in all such remaining papers on switchover, in one sitting
Question 13 When shall the refund of examination fee, if any, shall be processed? Do I
have to claim the refund ?
Ans. : The refunds, if any, of excess examination fee after implementing the modified
switchover scheme shall be processed after the December, 2016 Session of
Examinations. Yes, you shall submit a formal request at enroll@icsi.edu for refund
of the excess amount, if any.
Question 14 I have cleared Strategic Management, Alliances and International Trade
paper under 2007(Old) Syllabus and would be exempted in Elective Subject
under 2012 (New Syllabus). During switchover which Elective Subject should
I choose ?
Ans. : You may choose any Elective Subject which will be deemed as exempted as and
when the exemptions as per the modified switchover scheme are incorporated in
the system in the middle of October, 2016.
Question 15 Should I wait for the exemptions as per the modified switchover scheme to be
incorporated or enrolled immediately ?
Ans. : You should enroll on an immediate basis by the stipulated dates i.e. 25th
September, 2016 without late fee. The refund after the incorporation of the
exemptions as per the modified switchover scheme shall be made to you thereafter.
Question 16 I have passed Module-I of the Professional Programme 2007(Old) Syllabus
comprising of two papers. In which papers I shall be required to appear
during December, 2016 Session of Examinations to complete the Professional
Programme Stage ?
Ans. : You will have to appear in the following six papers spread in three Modules under
the Professional Programme 2012 (New) Syllabus to complete the Professional
Question 17 I have passed Module - II of the Professional Programme 2007 (Old) Syllabus
comprising of two papers. In which papers I shall be required to appear
during December, 2016 Session of Examinations to complete the Professional
Programme Stage?
Ans. : You will have to appear in the following six papers spread in three Modules under
the Professional Programme2012 (New) Syllabus to complete the Professional
Programme Examination:
Ans. You will have to appear in the following six papers spread in three Modules under
the Professional Programme 2012 (New) Syllabus to complete the Professional
Programme Examination:
Ans. You will have to appear in the following Four papers spread in three Modules
under the Professional Programme2012 (New) Syllabus to complete the
Professional Programme Examination:
Question 21 I have passed Module - I & Module - III of the Professional Programme 2007
(Old) Syllabus comprising of Four papers. In which papers I shall be required
to appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. You will have to appear in the following Four papers spread in two Modules under
the Professional Programme2012 (New) Syllabus to complete the Professional
Programme Examination:
Question 23 I have passed Module - II & Module - III of the Professional Programme 2007
(Old) Syllabus comprising of Four papers. In which papers I shall be required
to appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following Four papers spread in three Modules
under the Professional Programme2012 (New) Syllabus to complete the
Professional Programme Examination:
Modules under Professional Paper(s) to be passed
Programme 2012 (New) Syllabus
Question 24 I have passed Module II & Module IV of the Professional Programme 2007
(Old) Syllabus comprising of Four papers. In which papers I shall be required
to appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following Four papers spread in Two Modules under
the Professional Programme2012 (New) Syllabus to complete the Professional
Programme Examination:
Question 25 I have passed Module III & Module IV of the Professional Programme 2007
(Old) Syllabus comprising of Four papers. In which papers I shall be required
to appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following Four papers spread in three Modules
under the Professional Programme2012 (New) Syllabus to complete the
Professional Programme Examination:
Question 26 I am left with Module I only of the Professional Programme 2007 (Old)
Syllabus comprising of Two papers. In which papers I shall be required to
appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following Two papers spread in Two Modules under
the Professional Programme2012 (New) Syllabus to complete the Professional
Programme Examination:
Question 27 I am left with Module II only of the Professional Programme 2007 (Old)
Syllabus comprising of Two papers. In which papers I shall be required to
appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following Two papers spread in Two Modules under
the Professional Programme 2012 (New) Syllabus to complete the Final
Examination:
e-bulletin 54 July 2017
Question 28 I am left with Module III only of the Professional Programme 2007 (Old)
Syllabus comprising of Two papers. In which papers I shall be required to
appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following TWO papers under the Professional
Programme 2012 (New) Syllabus to complete the Professional Programme
Examination:
Question 29 I am left with Module IV only of the Professional Programme 2007 (Old)
Syllabus comprising of Two papers. In which papers I shall be required to
appear during December, 2016 Session of Examinations to complete the
Professional Programme Stage?
Ans. : You will have to appear in the following Two papers spread in two Modules under
the Professional Programme 2012 (New) Syllabus to complete the Professional
Programme Examination:
ATTENTION STUDENTS!
Important Announcement on Switchover from Professional Programme 2007(Old) Syllabus
to 2012 (New) Syllabus
The Council of the Institute in its meeting held on 17th September, 2016 decided as under :
1. All 2007 (Old) Syllabus Students shall be compulsorily required to switchover to 2012 (New) Syllabus
from December, 2016 Session and no further examinations will be conducted under 2007(Old)
Syllabus.
2. All 2007 (Old) Syllabus Students switching over/ switched over to 2012 (New) Syllabus shall be
granted exemption in Information Technology and Systems Audit Paper. All students registered
under 2007 (Old) Syllabus and already switched over to 2012 (New) Syllabus at any point of time shall
be eligible for this exemption. Such students shall be eligible for exemption in the said paper even if
they have appeared in the examinations under 2012 (New) Syllabus.
3. All 2007 (Old) Syllabus Students who have cleared/ exempted the Strategic Management, Alliances
and International Trade paper shall be granted exemption in the Elective Paper under Module-3 of
2012 (New) Syllabus.
4. These exemptions shall come into force with effect from CS December, 2016 Session of Examinations.
As you all are aware that the First International Company Secretaries Olympiad was
conducted in association with Science Olympiad Foundation on 15th September, 2016 & 4th
October, 2016 for XI and XII class students in India and Abroad where more than 1400
schools all over the country and more than 36000 students participated at National and
International Level.
After the Grand Success of Ist ICSO , next 2nd International Company Secretaries Olympiad
for Academic Year 2017-2018 is being conducted on 23rd Jan & 30th Jan, 2018.
We request you all to disseminate the details of 2nd ICSO to your friends and relatives so
that they can avail this unique opportunity and win various rewards.
For more details, kindly visit :- http://www.csolympiad.info or call us Tel.Nos. 011-
33132333 / 66204999
The “Chartered Secretary” Journal is published by the ICSI, with a view to ensure
continuous up-gradation of the knowledge of the Members. The Journal is equally
important for the students of the Institute. Students who are interested to purchase the
journal can subscribe for the same by remitting the nominal subscription fees of Rs. 500/-
per annum. Students can either subscribe for the Journal at the time of registration in
each stage of CS Course or separately through our Chartered Secretary division.
e-bulletin 57 July 2017
Fees Waiver Scheme for Students of State of Jammu & Kashmir and North-Eastern States
The Institute has recently launched a Fee Waiver Scheme for students of Jammu & Kashmir and
North Eastern States of India to provide an opportunity to the youth of these States to come to the
mainstream. The Government of India is announcing special packages for socio-economic
development of these States and the Institute is also playing a vital role in the development of
society at large. The fee waiver scheme includes waiving the Fee for all students registering for
the Foundation and Executive Programme Stages from North Eastern States (Arunachal Pradesh,
Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura, Sikkim) and State of Jammu and
Kashmir till 31st March, 2018. All students belonging to North Eastern States and State of Jammu
and Kashmir who have passed the 10+2 Examinations and Bachelor’s Degree Examinations /CPT
of ICAI/Foundation pass of ICAI-COST irrespective of the percentage of marks shall be eligible for
Fee Waiver while registering for Foundation Programme and Executive Programme Stage
respectively.
The initiative is expected to play a significant role in empowerment of the youth of such areas.
Students are requested to disseminate this information amongst their friends or relatives who
are keen to join CS Course from these states.
e-bulletin 65 July 2017
We are pleased to inform that the Institute is celebrating July month as the “Student Month”.
Various activities for the students have been planned during the month of July 2017 on Pan
India basis at various Regions/Chapters offices of the Institute which are listed below.
PLANTATION OF TREES
BLOOD DONATION CAMP ON DOCTORS DAY
STUDENTS CONFERENCE
ELOCUTION COMPETITION
COMPANY LAW QUIZ
NATIONAL MOOT COURT COMPITION
SPECIAL BULLETINS FOR THE STUDENTS DURING THE MONTH OF JULY
PARENTS –STUDENTS –TEACHERS MEET
WEBCAST FOR STUDENTS
MSOP
CAMPUS PLCEMENT
SWACHH BHARAT ABHIYAN
QUIZ CONTEST FOR STUDENTS
E GOVERNANCE PROGRAMME
CAREER AWARENESS PROGRAMME
ORIENTATION PROGRAMME FOR TRAINEES
COMMUNICATION AND SOFT SKILLS
WORLD NATURE CONSERVATION DAY-DECLAMATION COMPETITION
KARGIL VICTORY DAY-ESSAY WRITING COMPETITION
MOTIVATIONAL TALK FOR STUDENTS
e-bulletin 66 July 2017
Students are advised to participate in large numbers in the above mentioned programmes and
competitions as the same shall groom them in developing their personality to a great extent.
Further it is informed that a webpage has also been exclusively developed for the student
month wherein exhaustive details of students month related activities are given. Students can
visit the webpage on the website of the Institute at www.icsi.edu
JAMSHEDPUR
CHAPTER
1. 1 July 2017 Van Mahotsav Divas-Plantation of Valley Lawn, Centre For Excellence,
trees Jamshedpur
4th & 5th July Two Days PIP Programme (Subj. to Centre For Excellence – Meeting
2. 2017 min 10 student registration) Room, Jamshedpur
3. 6th July 2017 Moot Court Competition Centre For Excellence – Library,
Jamshedpur
4. 7th July 2017 Commencement of Class Room Jamshedpur Chapter Office of ICSI
Teaching(Subj. to min 10 student
registration)
8. 11th, 12th & 13th Three Days PEGP Programme(Subj. Centre For Excellence – Meeting
July 2017 to min 10 student registration) Room, Jamshedpur
14th July 2017 Webcast for students from HQ. Jamshedpur Chapter Office of ICSI
8 15th July 2017 Parent Teacher Meeting Centre For Excellence – Library,
Jamshedpur
9 17th July 2017 Group discussion between Students Centre For Excellence – Library,
& Members on GST. Jamshedpur
10 19th July 2017 Organizing Samadhan Diwas Jamshedpur Chapter Office of ICSI
11 20th July 2017 Campus Placement for Members. Jamshedpur Chapter Office of ICSI
12 25th July 2017 Career Awareness Week XITE College
13 26th July 2017 Career Awareness Week DBMS Kadma High School
14 27th July 2017 Career Awareness Week Kerala Public School
15 28th July 2017 Career Awareness Week Kasidih High School
16 29th July 2017 Career Awareness Week Loyola School
20 31st July 2017 Swachh Bharat Abhiyan Jamshedpur Chapter Office of ICSI
Don’t miss the opportunity to enhance your capabilities!!!!!!!!
Notice for each program would be circulated from time to time.
Note: Members are kindly requested to inform the students in their offices.
Thanks and regards
For Jamshedpur Chapter of ICSI
Students Meet&
Faculty Induction
programme
14 18th July, 2017 Public Speaking – for Bhubaneswar Chapter 9.30 am
students
15 19th July, 2017 ‘SamadhanDiwas’ : Bhubaneswar Chapter 10 am – 6 pm
Resolving of all
pending complaints
go down to ZERO
16 20th July 2017 Programme for Bhubaneswar Chapter 9.30 am
students on “How to
face an interview”
17 21st July – 31st Career Awareness Ganjam District of Odisha 9.30 am – 5
July 2017 Week pm
18 22nd July,2017 Free Lecture on Bhubaneswar Chapter 9.30 am
“Basics of
Accounting”
19 20th July, 2017 Workshop on GST for Bhubaneswar Chapter 6 pm
students& members
Please participate in all the above activities and enhance your capabilities
Notice for each programme/ changes if any would be uploaded in the Chapter home page for
information of all. Further addition of new programmes as per the ICSI Pan India Programmes
during the month will also be uploaded in the Chapter home page for information of all
students of the Chapter.
For more details about the programmes, students are requested to please feel free to
contact the Chapter at 0674-2552282 / 2551139 on all working days from 10.00 am to
6.00 pm.
Thanks and regards
THRISSUR
CHAPTER
1 1st July 2017 Van Mahotsav Divas- Schools and Colleges around
Distribuition of Saplings in Thrissur Town.
nearby schools and colleges, in
1. St. Thomas College/School.
addition to CAP.
2. KV, Ramavarmapuram.
3. Amrita Vidyalaya, Ayyanthole
THANE
CHAPTER
4 7th July 2017 Special session for Oral Coaching Students Thane chapter of ICSI
December - 2017 Batch
5 8th July 2017 Quiz contests for Students Thane chapter of ICSI
7 10th-14th July Career Counselling & Help Desk set up at Thane chapter of ICSI
2017 Palghar (Girisagar Yojana)
9 15th July 2017 Campus placement for Students Thane chapter of ICSI
10 17th - 21st Career Counselling & Help Desk set up at Thane chapter of ICSI
July 2017 Daman (Girisagar Yojana)
12 19th July 2017 ‘Samadhan Diwas’ On this date each and Thane chapter of ICSI
every department and Office of ICSI and Call
center will ensure that the pending
complaints go down to ZERO
14 21st July 2017 Orientation Programme for trainees Jointly with Thane
chapter of ICSI
15 22nd July Corporate houses to be called to guide the Thane chapter of ICSI
2017 students
17 26th July 2017 Kargil Victory Day- Essay writing Thane chapter of ICSI
competition on the theme “Good
Governance practices in armed Forces”
19 28th July 2017 Declamation Competition on the theme Thane chapter of ICSI
”Role of CS in environment and Pollution
control laws”
JALANDHAR
CHAPTER
3 4th July 2017 A get together with CS students after the examination Jalandhar chapter of ICSI
4 5th July 2017 Student updates on emerging aspects in corporate laws Jalandhar chapter of ICSI
5 5th July 2017-9th 5 days Entrepreneurship Development Program Jalandhar chapter of ICSI
July 2017
6 7th July 2017 On 7th July, 2017, all the RO and Chapters shall be Jalandhar chapter of ICSI
activating Class Room Teaching
7 15th July 2017 Parent teachers meet would be conducted Jalandhar chapter of ICSI
9 19th July 2017 Communication / soft skills development Programme Jalandhar chapter of ICSI
for students attending classes
10 19th July 2017 ‘Samadhan Diwas’ On this date each and every Jalandhar chapter of ICSI
department and Office of ICSI and Call center will
ensure that the pending complaints go down to ZERO
11 19th July 2017 Orientation Programme for trainees Jalandhar chapter of ICSI
12 25th July 2017 Motivational talk for students Jalandhar chapter of ICSI
13 25th July 2017 to Career Awareness Week Jalandhar chapter of ICSI
29th July 2017
14 27th July 2017 Swachh Bharat Abhiyan Jalandhar chapter of ICSI
4 5th July 2017 Student Program on “Emerging Aspects in Salem Chapter of ICSI
Corporate Laws “
5 7th July 2017 Activating Class Room Teaching Salem Chapter of ICSI
6 19th July Programme on Soft Skill for Class Room Salem Chapter of ICSI
2017 Teaching students
7 19th July ‘Samadhan Diwas’ – Pending Complaints go Salem Chapter of ICSI
2017 down to Zero
8 24th to 29th Career Awareness Week Salem Chapter of ICSI
July 2017
9 25th July Motivational Talk to Students Salem Chapter of ICSI
2017
10 26th July Kargil Victory day - essay writing competition Salem Chapter of ICSI
2017 on the theme “good governance practices in
armed forces”
11 27th July Swachh Bharat Abhiyan Salem Chapter of ICSI
2017
Don’t miss the opportunity to enhance your capabilities!!!!!!!!
Notice for each program would be circulated from time to time.
Note: Members are kindly requested to inform the students in their offices.
Thanks and regards
For Salem Chapter of ICSI
CS Gnanashekaran S CS Anuradha S
Chairman Secretary
e-bulletin 76 July 2017
RAIPUR
CHAPTER
1 1st July 2017 Van Mahotsav Divas-Plantation Brindaban garden situated near
of trees Chapter Office along with forest
department
2 1st July 2017 Study Circle Meeting for Raipur Chapter Office
members and students
3 3Rd July 2017 Raipur Chapter Office
Faculty induction Programme
4 4th,July 2017 Parent teachers meet would be Raipur Chapter Office
conducted.
5 7th July, 2017 On 7th July, 2017, all the RO and Raipur Chapter Office
Chapters shall be activating
Class Room Teaching.
6 8Th July,2017 Study Circle Meeting for Raipur Chapter Office
members and students
7 10th, July 2017 Student updates on emerging Raipur Chapter Office
aspects in corporate laws & a
get together with CS students
after the examination.
8 11Th to 15th July- Raipur Chapter Office
Skill development programme
2017
9 15Th July 2017 Study Circle Meeting for Raipur Chapter Office
members and students
10 17th,July 2017 Half Day seminar for students Venue not yet decided
and members
11 22Nd July 2017 Study Circle Meeting for Raipur Chapter Office
members and students
12 24th, July 2017 Students conference Venue not yet decided
13 24th to 28th July Celebration of career At various school and colleges
2017 awareness week on pan India across Chhattisgarh
basis at all offices and study
centers
14 26th,July 2017 Kargil Victory day- essay Raipur Chapter Office
writing competition on the
theme “good governance
practices in armed forces”
e-bulletin 77 July 2017
HOOGHLY
CHAPTER
MODINAGAR
CHAPTER
LUDHIANA
CHAPTER
2 1st July 2017 Issue of Press Release on Student Local News Paper
Month
3 4th July 2017 A get together with CS students Ludhiana Chapter of NIRC of
after the examination ICSI
10 26th July 2017 Kargil Victory Day- Essay writing Ludhiana Chapter of NIRC of
competition on the theme “Good ICSI
Governance practices in armed
Forces”
RANCHI
CHAPTER
2 3rd July 2017 Mock Interview session for Ranchi Chapter of EIRC of ICSI
students
3 4th July 2017 A session on "How to Prepare for Ranchi Chapter of EIRC of ICSI
Professional exams"
4 5th July 2017 Quiz contests for Students Ranchi Chapter of EIRC of ICSI
5 5th July 2017 Student Program on “Emerging Ranchi Chapter of EIRC of ICSI
Aspects in Corporate Laws “
6 7th July 2017 Commencement of Oral Coaching Ranchi Chapter of EIRC of ICSI
for Foundation course
7 12th July 2017 Preliminary Round of All India Ranchi Chapter of EIRC of ICSI
Moot Court Competition 2017
8 15th July 2017 Students Parent Meet Ranchi Chapter of EIRC of ICSI
9 19th July 2017 Communication / Soft Skill Ranchi Chapter of EIRC of ICSI
Development Programme for
students
10 21st July 2017 Orientation Programme for Ranchi Chapter of EIRC of ICSI
trainees
11 22nd July 2017 Guidance program on “Corporate Ranchi Chapter of EIRC of ICSI
Etiquettes”
12 25th July 2017 Program for Students on Ranchi Chapter of EIRC of ICSI
Personality Development
e-bulletin 82 July 2017
13 25th July 2017 Motivational talk for students Ranchi Chapter of EIRC of ICSI
14 26th July 2017 Kargil Victory Day- Essay writing Ranchi Chapter of EIRC of ICSI
competition on the theme “Good
Governance practices in armed
Forces”
16 28th July 2017 Declamation Competition on the Ranchi Chapter of EIRC of ICSI
theme ”Role of CS in
environment and Pollution
control laws”
CS Puja Kumari
Chairperson
e-bulletin 83 July 2017
JODHPUR
CHAPTER
3 3rd July 2017 Mock Interview session for Jodhpur Chapter of ICSI
students
4 4th July 2017 Free Lecture on "How to Prepare Jodhpur Chapter of ICSI
for Professional exams"
5 5th July 2017 Quiz contests for Students Jodhpur Chapter of ICSI
7 6th July 2017 Students introduction with Senior Jodhpur Chapter of ICSI
Members of Jodhpur
8 7th July 2017 Orientation Program for Students. Jodhpur Chapter of ICSI
10 10th July 2017 Cultural Programme for students Jodhpur Chapter of ICSI
12 12th July 2017 Free Lecture on “Basic Accounting” Jodhpur Chapter of ICSI
19 27th July 2017 Kargil Victory Day- Essay writing Jodhpur Chapter of ICSI
competition on the theme “Good
Governance practices in armed
Forces”
20 28thJuly 2017 Declamation Competition on the Jodhpur Chapter of ICSI
theme ”Role of CS in environment
and Pollution control laws”
21 29th July 2017 Students Parent Meet Jodhpur Chapter of ICSI
22 31st July 2017 Programme for students on “Soft Jodhpur Chapter of ICSI
skill”
CS Devendra Soni
Chairman
For Jodhpur Chapter of ICSI
e-bulletin 85 July 2017
ALWAR
CHAPTER
9 14th July 2017 How to prepare for the exams ICSI-SIRC House
14 19th July 2017 Interaction with faculties -Tips for the ICSI-SIRC House
preparation for exam on the subjects
Financial,Treasury & forex Management
15 19th July 2017 Samadhan Diwas’ On this date each and ICSI-SIRC House
every department and Office of ICSI and
e-bulletin 87 July 2017
18 21st July 2017 Interaction with faculties -Tips for the ICSI-SIRC House
preparation for exam on the subject Tax
laws and Practice
19 22nd July 2017 Campus Placement programme ICSI-SIRC House
21 25th July 2017 Interaction with faculties -Tips for the ICSI-SIRC House
preparation for exam on the subject
capital markets
22 26th July 2017 Kargil Victory day - essay writing ICSI-SIRC House
competition on the theme “good
governance practices in armed forces”
23 27th July 2017 Swachh bharat abhiyan ICSI-SIRC House
28 30th July 2017 Starting of 2nd Batch of full time ICSI-SIRC House
executive programme
29 31st July 2017 Cultural Programme for students ICSI-SIRC House
CS Ganapathi G M CS Dhanapal S
Chairman Member & Chairman
Class Room Teaching Committee
e-bulletin 88 July 2017
DEHRADUN CHAPTER
SURAT
CHAPTER
Celebration of Students’ Month- July 2017
Dear Students,
We are pleased to inform that, Surat Chapter of WIRC of ICSI will be celebrating July 2017 as
Students’ Month as declared by ICSI. As a part of celebration, following activities will be
organised during this month:
3 7th July 2017 Start of Class Room Teaching. Surat chapter of ICSI
5 15th July 2017 Parent teachers meet would be Surat chapter of ICSI
conducted.
6 15th July 2017 Kargil Victory day- essay Surat chapter of ICSI
writing competition on the
theme “good governance
practices in armed forces”
11 19th July 2017 ‘Samadhan Diwas’ On this date Surat chapter of ICSI
each and every department and
Office of ICSI and Call center
will ensure that the pending
complaints go down to ZERO
e-bulletin 90 July 2017
12 20th July 2017 Motivational talk for students Lords Plaza, Surat
14 21st July 2017 Quiz contests for Students Lords Plaza, Surat
16 25th - 29th July Career Awareness Week In Districts allocated for Surat
2017 Chapter
GOA
CHAPTER
VADODARA
CHAPTER
3 11th July 2017 Preliminary Round of 15th All India Moot Vadodara chapter of ICSI
Court Competitions – 2017
4 14th July 2017 Webcast for students Vadodara chapter of ICSI
5 15th July 2017 Parent Teachers Meet Vadodara chapter of ICSI
9 26th July 2017 Kargil Victory day- essay writing Vadodara chapter of ICSI
competition on the theme “good
governance practices in armed forces”
10 27th July 2017 Swachh Bharat Abhiyan Vadodara chapter of ICSI
11 28th July 2017 World Nature Conservation Day- Vadodara chapter of ICSI
Declamation competition on the theme
“Role of a CS in environment and
pollution control laws”
Don’t miss the opportunity to enhance your capabilities!!!!!!!!
Notice for each program would be circulated from time to time.
Note: Members are kindly requested to inform the students in their offices.
Thanks and regards
For Vadodara Chapter of ICSI
CS Hemant CS Hemant CS Susheela
CS D S Mahajani
Nandaniya Valand Maheshwari
Treasurer
Chairman Vice-Chairman Secretary
e-bulletin 93 July 2017
BAREILLY
CHAPTER
3 5th July 2017 Quiz contests for Students Bareilly Chapter of ICSI
10 25th July to 29th July Career Awareness Week Bareilly Chapter of ICSI
2017
11 26th July 2017 Kargil Victory day- essay Bareilly Chapter of ICSI
writing competition on the
theme “good governance
practices in armed forces”
COIMBATORE
CHAPTER
Sreejith.P
Asst. Director
The Institute of Company Secretaries of India
Coimbatore Chapter
PH: 0422-2237006
Address: No.209, KSG Complex, Door No. 1 & 2,IInd Floor, Sastri Road, Ramnagar,
Coimbatore - 641009
***
e-bulletin 96 July 2017
Examination
1. DECLARATION OF JUNE, 2017 EXAMINATION RESULTS
ATTENTION STUDENTS
NEW EXAMINATION CENTRES
FOR COMPANY SECRETARIES EXAMINATION-DECEMBER, 2017
The Institute is pleased to announce opening of new Examination Centres at the
following cities on an experimental basis w.e.f. December, 2017 session of
examination :
Accordingly, candidates can opt for new examination centre at the aforesaid city
(ies) while enrolling for December, 2017 examination in addition to the existing
examination centres.
JOINT SECRETARY
DIRECTORATE OF EXAMINATIONS
e-bulletin 97 July 2017
***
e-bulletin 118 July 2017
Attention : Students
CORPORATE COMPLIANCE EXECUTIVE CERTIFICATE FOR STUDENTS
The Institute launched the ‘Corporate Compliance Executive Certificate’ in terms of Chapter IVA
(Regulation 28A & 28B) of the Company Secretaries Regulations, 1982 on 4th October, 2013.
ELIGIBILITY FOR AWARD OF CORPORATE COMPLIANCE EXECUTIVE CERTIFICATE
A person who –
— is currently registered as a student of the Company Secretaryship course of the Institute;
— has completed at least one group of the Intermediate/Executive Programme Examination of the
Company Secretaryship Course, and
— has completed a training of Six months under Regulation 28A of the Company Secretaries
Regulations, 1982, which may include skill oriented practical/class room training for two weeks.
PROCEDURE
An eligible student may apply for award of Corporate Compliance Executive Certificate by submitting an
application in specified format (available on the website of the Institute www.icsi.edu), after making
payment of a fee of Rs. 2000 (two thousand only), either in cash (at counters of the Institute across the
county) or by way of Demand Draft in favour of ‘The Institute of Company Secretaries of India’ payable at
New Delhi.
STATUS OF HOLDER OF CORPORATE COMPLIANCE EXECUTIVE CERTIFICATE
— The student who is awarded Corporate Compliance Executive Certificate of the Institute shall
be entitled to use the descriptive letters “Corporate Compliance Executive”.
— The grant of Certificate of Corporate Compliance Executive Certificate shall not confer on the
Corporate Compliance Executive the rights of a member, nor entitle him to claim membership of
the Institute.
VALIDITY OF CERTIFICATE
— The Corporate Compliance Executive certificate is valid for a period of three years (financial years)
and is renewable on completion of four Programme Credit Hours (PCH) and payment of requisite
fee as the Council may determine from time to time.
OTHER DETAILS
— The student shall have to complete the course of Corporate Compliance Executive Certificate
including the training requirements within the registration period.
— The student having awarded the Corporate Compliance Executive Certificate may continue to
pursue the regular Company Secretaryship course if he so desires.
— Except to the extent provided in this Chapter IVA (Regulations 28A & 28B) of the Company
Secretaries Regulations, 1982 or as decided by the Council from time to time, regulations in
Chapter IV and VI relating to ‘Registered Students’ and ‘Examinations’ shall mutatis-mutandis
apply to the ‘Corporate Compliance Executive Certificate Course’.
— A student after having awarded the Corporate Compliance Executive Certificate shall secure four
Programme Credit Hours (PCH) for renewal of Corporate Compliance Executive Certificate.
— There shall be no exemption from training.
Brochure and application form are available at CCEC section on website of the Institute www.icsi.edu.
For queries please write at ccec@icsi.edu or contact on phone number 0120-4082135.
e-bulletin 119 July
2017
Attention : Students
LICENTIATE - ICSI
Regulation 29 & 30 under Chapter-V of the Company Secretaries Regulations, 1982 provides for Licentiate ICSI.
ELIGIBILITY FOR AWARD OF LICENTIATE ICSI
A person who –
- has completed the Final examination or Professional Programme examination conducted by the Institute may,
within six months from the date of declaration of results in which he has passed the Final examination or
Professional Programme examination can apply for enrollment as a licentiate
- the Council, however, may condone the delay in applying for licentiateship by any person for reasons to be
recoded in writing.
PROCEDURE
An eligible student may apply for enrollment as Licentiate ICSI by submitting an application in prescribed form ST-8
alongwith annual subscription of Rs. 1000/- in cash (at counters of the Institute across the country) or by way of
Demand Draft in favour of ‘The Institute of Company Secretaries of India’ payable at New Delhi along with copies of
date of birth, professional programme pass certificate and graduation certificate/foundation pass certificate duly
attested by any member of the Council/Regional Council/Satellite Chapter of the Institute or any Officer of the
Institute.
STATUS OF LICENTIATES
- The person enrolled as a Licentiate of the Institute shall be entitled to use the descriptive letters “Licentiate
ICSI” to indicate that he has qualified in the Final examination or Professional Programme examination of the
Institute.
- The grant of licentiateship shall not confer on such licentiate any rights of a member nor entitle him to claim
any form of membership of the Institute or its Regional Council or Chapter, as the case may be.
- The licentiate may be permitted to borrow books from the library of the Institute, Regional Council or Chapter
or participate in the activities of the Institute, its Regional Council or Chapter as the case may be, subject to
such conditions as may be imposed by the Council, Regional Council or Chapter, as the case may be.
VALIDITY OF CERTIFICATE
- A licentiate shall not ordinarily be eligible to renew his enrolment for more than five years after passing the
Final Examination or Professional Programme examination.
OTHER DETAILS
- The Licentiate will be provided Chartered Secretary Journal of the Institute free of cost.
- The student enrolled as a Licentiate ICSI may apply for ACS Membership on attaining the eligibility for ACS by
surrendering his Licentiateship.
- A Licentiate may apply in the prescribed form for exemption from training requirements (except MSOP) along
with the requisite documents of work experience. eMSOP can be undergone through online mode by the
eligible candidates for acquiring ACS Membership.
- The annual licentiate subscription becomes due and payable on the first date of April every year and non-
payment of annual subscription on or before the thirtieth of June of a year shall disentitle the person to use the
descriptive letters “Licentiate ICSI” from 1st July of that year, until his annual subscription for the year is
received by the Institute.
- The name of the person so disentitled shall be published in the Journal.
1. Classes are conducted exclusively for students doing CS course and the focused coaching helps the students
tremendously.
2. Classes are conducted for the past several decades and thousands of Company Secretaries have passed
from our oral coaching with many students getting All India Rank.
3. The faculty members are sought after professionals; they teach not only theoretically but also provide
practical experience.
4. Students undergoing Classroom teaching can utilize the library and reading room (with more than 2000
books) free of cost for their reference.
5. Tests are conducted which will help the students to prepare for the examinations;
6. Students can attend all meetings organized by Students Forum of ICSI free charge which will enable them to
update their knowledge, clarify doubts and improve their leadership skill.
7. Sessions on how to prepare exams and also doubt clearing session exclusively for the difficult subjects will
be free for Oral Coaching Students.
8. The fees charged by ICSI is one of the lowest and the classes are conducted only for the benefit of students.
9. Special Programme on Union Budget will be organized for the students free of cost.
The Institute of Company Secretaries of India – Southern India Regional Office is commencing
Oral Coaching Classes for Executive Programme Both Modules for
December 2017 examination from 10th July, 2107
All rights reserved. No part of this Bulletin may be translated or copied in any form or by any
means without the prior written permission of The Institute of Company Secretaries of India.
Disclaimer :
Although due care and diligence have been taken in preparation and uploading
this E-bulletin, the Institute shall not be responsible for any loss or damage,
resulting from any action taken on the basis of the contents of this e-bulletin.
Any one wishing to act on the basis of the material contained herein should do
so after cross checking with the original source.
Editorial Team
Sonia Baijal, Director
Maninder Deep Cheema, Assistant Professor
Directorate of Professional Development, Perspective Planning and Studies