REPORT OF THE REGIONAL COUNCIL FOR THE YEAR 2013-2014 OFFICE BEARERS FOR THE YEAR - 2014 Chairperson CS Ragini Chokshi Vice Chairman CS Ashish Doshi Secretary CS Ashish Garg Treasurer CS Amit Kumar Jain OTHER REGIONAL COUNCIL MEMBERS Members Ex-Officio Members CS Ashish Bhatt CS S.N. Ananthasubramanian CS Hitesh Buch CS Vikas Y. Khare CS Sanjay Gupta CS Atul H. Mehta CS C.S. Kelkar CS B. Narasimhan CS Hitesh Kothari CS Umesh Ved CS Makarand Lele Co-opted Members CS Mahavir Lunawat Shri Girish Joshi CS Prakash Pandya Shri K.L. Kamboj WESTERN INDIA REGIONAL OFFICE Regional Director : Shri Sudipto Pal Statutory Auditor : Sarda Soni Associates, Chartered Accountants Internal Auditor : R. Jaitlia & Co., Chartered Accountants Bankers : ICICI Bank, SBI Bank, Syndicate Bank Head Office : `ICSI House’, 22, Institutional Area, Lodi Road, New Delhi 110 003 Phones: 45341000 / 41504444 (STD Code 011) Fax: 011-24626727 E-mail: [email protected] Website: www.icsi.edu WESTERN INDIA REGIONAL COUNCIL 13, 56 & 57 Jolly Maker Chambers No.2, First & Fifth Floors, Nariman Point, Mumbai – 400021 Tel. Nos.: 22047604 / 22047580 / 22844073 / 22047569 / 61307900 Email: [email protected]
35
Embed
WESTERN INDIA REGIONAL COUNCIL 13, 56 & 57 … (WIRC) of the Institute of Company Secretaries of India (ICSI) will be held on Friday, 25th ... placement drive under the name TALENTICK.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
REPORT OF THE REGIONAL COUNCIL FOR THE YEAR 2013-2014
Statutory Auditor : Sarda Soni Associates, Chartered Accountants Internal Auditor : R. Jaitlia & Co., Chartered Accountants Bankers : ICICI Bank, SBI Bank, Syndicate Bank
Head Office : `ICSI House’, 22, Institutional Area, Lodi Road, New Delhi 110 003 Phones: 45341000 / 41504444 (STD Code 011) Fax: 011-24626727 E-mail: [email protected] Website: www.icsi.edu
WESTERN INDIA REGIONAL COUNCIL 13, 56 & 57 Jolly Maker Chambers No.2, First & Fifth Floors, Nariman Point, Mumbai – 400021 Tel. Nos.: 22047604 / 22047580 / 22844073 / 22047569 / 61307900 Email: [email protected]
Notice is hereby given that the Thirty Eighth Annual General Meeting of the Western India Regional Council (WIRC) of the Institute of Company Secretaries of India (ICSI) will be held on Friday, 25th July 2014 at 04.30 pm at WIRC Auditorium, 13 Jolly Maker Chambers No.2, First Floor, Nariman Point, Mumbai - 400021, to transact the following business:
1. To consider and adopt the Audited Annual Accounts for the year ended 31st March 2014 together with the reports of the Regional Council and Auditors thereon.
2. To appoint auditors for the year 2014-15 and fix their remuneration.
3. To transact such other business as may be brought before the meeting with the permission
of the Chair.
By Order of the Western India Regional Council of The Institute of Company Secretaries of India
CS Ashish Garg Place: Mumbai Secretary Dated: 26th June 2014
Note: If within an half an hour from the time appointed for a meeting a quorum is not present, the meeting stands adjourned to the same day in the next week at the same time and place and at such adjourned meeting, the members present shall constitute the quorum (Regulation 138)
WESTERN INDIA REGIONAL COUNCIL 13, 56 & 57 Jolly Maker Chambers No.2, First & Fifth Floors, Nariman Point, Mumbai – 400021 Tel. Nos.: 22047604 / 22047580 / 22844073 / 22047569 / 61307900 Email: [email protected]
ANNUAL REPORT OF ICSI-WIRC FOR THE YEAR 2013-2014 Dear Members, The Western India Regional Council of The Institute of Company Secretaries of India (ICSI-WIRC / Regional Council) has the pleasure in presenting its 38th Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2014. 1. Regional Council:
During the year under review, the ICSI-WIRC unanimously elected CS Ragini Chokshi as Chairperson, CS Ashish Doshi as Vice Chairman, CS Ashish Garg as Secretary of the Regional Council. CS Amit Kumar Jain as Treasurer of the Regional Council for the year 2014. The Regional Council also formed various Committees for the year 2014 as detailed in Annexure ‘A’ to this Report.
2. Members: The total number of members in the Western Region as on 31st March, 2014 stood increased to
10365 as against 9459 as on 31st March, 2013. 3. Students:
The number of registered students in the Western Region as on 31st March, 2014 was 1,22,678. 4. Financial Performance:
Particulars For the year ended
31st March, 2014 31st March, 2013
Surplus from Students Programs (including OTC)
27,05,862 59,80,527
Surplus from Members Programs (including sponsorships/National Convention)
16,13,122 48,34,440
Renovation Expenses 6,19,022 NA
Net Surplus (after Depreciation) 4,96,976 64,91,888
Substantial expenditure of renovation as well as opening up of new Oral Training Centres to serve students at various locations of Mumbai resulted in a major drop in surplus. We are pleased to inform that on repayment of loan amount of Rs.45 lakhs to ICSI Head Office, the ICSI Head Office has waived the balance outstanding Loan of Rs.2.55 crores payable by WIRC over a period of next 17 years. Due to the waiver of the loan, the WIRC will have better liquidity in the years to come.
5. Best Regional Council Award: It is a matter of immense pride that the Regional Council was adjudged as the BEST REGIONAL COUNCIL for 2012 by the ICSI. A trophy and Award amount of Rs.50,000/- was presented at the 41st National Convention of the ICSI at Chennai in November 2013. It is the first ever Best Regional Council Award received by ICSI-WIRC.
6. Activities and New Initiatives: In keeping with the tradition of the ICSI-WIRC for the acquisition and dissemination of useful
information and updating of professional knowledge on subjects of interest to the profession of Company Secretaries, number of meetings, talks, lectures, seminars, study circle meetings and other professional development programmes were organised by ICSI-WIRC during the year under review. ICSI-WIRC conducted series of study circles at various locations across Mumbai and sub-urban areas, viz. Andheri, Borivali, Ghatkopar and Nariman Point.
Some of the initiatives and achievements for 2013-14 are highlighted, in the Annexure B to this
report.
(a) Renovation
Completion of Renovation work of WIRC Office Nos. 56 & 57.
WIRC is proud to have completed much awaited renovation of its fifth floor.
(b) ICSI-WIRO Library Facility
Library facility is available at the WIRC office.
(c) E-Focus
As a major Green Initiative the printed version of FOCUS was replaced by E-Focus during the year. The E-Focus is hosted on the WIRC Child Portal of ICSI and is available anytime to members.
(d) Profession recognition, brand building and awareness programs
• Meetings with Government Departments, Regulators, Stock Exchanges, Chambers, Industry Associations, Universities / Colleges
• Brand building measures such as branded program folders, students’ folders, laptop bags with our logo, media coverage
• Many Career Awareness programs in remote locations
• Investor Awareness Programme under the aegis of MCA.
• Capital Market Programme in association with BSE.
(e) Never-before Students Servicing
• Revamped Class Room Teaching Centres with various value-added features
• Unique Learning Module
• New Class Room Teaching Centres at Mumbai
(f) Campus Placements
Campus Placements were undertaken to provide good scope for students and members to prosper in Career and for Companies to attract suitable talents.
(g) Special Programs
• Students’ State Conferences
• More than 100 investor awareness programs across Maharashtra, Gujarat, Madhya Pradesh & Daman alongwith with Bombay Stock Exchange and Ministry of Corporate Affairs
• Annual Regional Conference – One of the largest attended
• Joint Programs with Chapters
• Joint Programs with Chambers, Stock Exchanges
• Capacity building programs on emerging areas
• Unique programs on Enhance Your Effectiveness
(h) MOU with Camplace
A special partnership with private initiative was conceived and implemented by WIRC in July 2013, when WIRC boldly embarked for a MoU with Camplace for special placement drive under the name TALENTICK. The statistics given by Camplace are given below: • Applications received by employers – 4525+ • Interviews conducted - 1400+ • New company registrations with ICSI for training – 2 It is to bring to your kind notice that a show cause notice was issued to WIRC by HO with respect to MoU as WIRC did not obtain statutory approval from HO.
(i) Special Drive for CSBF
WIRC for every member’s benevolence undertook a lot of awareness campaign for
CSBF, comprising of distributing brochure, display of special CSBF banner / standees,
telephonic calls and emailing brochure. At present the number of CSBF member stands
1680.
(j) Health, Sports & Culture Initiatives
• Formation of WIRC Sub-Committee
• Free medical camps, blood donation camps jointly with MCA
• Fellowship get-togethers
• WIRC Anniversary Day celebrations
• MCA-WIRC Cricket Match
(k) IT initiatives
• Web-portal revamped to be the best-in-class with various value-added features
• Online registration and payment of fees for programs conducted by the ICSI-WIRC
(l) Publications
WIRC has brought out five publications in the year 2013 on:
• Companies Bill 2012 – Author – CS R. Balakrishnan, CS Shubhra Singh, CS Prakash Pandya
• Supreme Court Judgments on SEBI Act, Rules and Regulations, CS Prakash Pandya, CS Shailashri Bhaskar
• Practical Aspects of Service Tax – Author – CS Smitesh Amul Desai
• Transfer Pricing – Author – CS A Sekar
• Practical Aspects of Foreign Direct Investments (FDI) – Authors – CS A Sekar and CA Sudha Bhushan
7. Programme Membership Scheme of ICSI-WIRC Programme Membership Scheme of ICSI-WIRC (PMS) continued with the feature of validity of one year from the date of registration (subject of maximum of 8 full day programmes) for the benefit of members, corporates and students to enable them to swiftly register for the programme and also to take the benefit of concessional fees. As on 31st March 2014, there were more than 175 members (individuals and corporate) enrolled for the PMS.
8. Chapters: At present, there are Seventeen Chapters serving the members and students of the Institute in the
Western Region. These Chapters are located at Ahmedabad, Aurangabad, Bhayander, Bhopal, Dombivli, Goa, Indore, Kolhapur, Nagpur, Nasik, Navi Mumbai, Pune, Raipur, Rajkot, Surat, Thane and Vadodara. The details of the Chapters inclusive of contact address and office bearers are available on the website of ICSI (www.icsi.edu). The managing committee of Dombivli Chapter was superseded by the ICSI during the year. The said Chapter is now under the control and supervision of ICSI.
Chapters regularly conduct programmes, seminars, talks, study circle meetings for the benefit of
(a) Class Room Teaching Centres: WIRC continued to provide the facilities through existing and Teaching Centers in Mumbai at
Churchgate, Ghatkopar, Malad, Matunga, Vile Parle & Vikhroli which are as under:
• ICSI-Sydenham College, Churchgate • ICSI-Smt. P.N. Doshi Women’s College, Ghatkopar • ICSI-MKES College, Malad New Centres started during the year:
• ICSI- Institute of Commerce of R.A. Podar College, Matunga • ICSI-N.M. College, Vile Parle • ICSI-Vikas College, Vikhroli
Besides above, Coaching Centers are conducted by other Chapters across western region.
(b) Prize Awards:
Students from the Western Region have won number of awards/prizes for their meritorious performance in the Institute’s examinations held in December 2012 and June 2013. The list of students is given in ‘Annexure C’.
(c) Management Skills Orientation Programme, Student Induction Programme and Executive Development Programme:
ICSI-WIRC conducted 10 Management Skills Orientation Programme (MSOP) during the year under review to facilitate the Final passed students in fulfilling their training requirements and getting their membership from the institute. Ahmedabad, Thane, Indore and Pune chapters also conducted MSOPs during the year. Moreover, ICSI-WIRC conducted 04 Executive Development Programme (EDP) and also conducted 19 Student Induction Programme (SIP) as per CS Regulations. Chapters also conducted these programmes.
(d) Career Awareness :
About 289 Career Awareness programmes were organized in various colleges, schools and other institutions by WIRO and also by its Chapters. ICSI-WIRC and its Chapters also participated in many Career Fairs / Exhibitions in order to popularize Company Secretaries profession as a Career choice.
(e) Evaluation of Response Sheets:
ICSI-WIRC carried out local evaluation of response sheets for the students studying in Foundation Programme, Executive Programme and Professional Programme of the Institute. ICSI-WIRC also made necessary arrangements for issue of Coaching Completion Certificates to the successful students.
(f) Regional Students Conference - 2013
The Committee also organized various Student conferences across the region during the year jointly with Bhayander, Goa, Raipur and Surat Chapters.
10. Library: Besides WIRO the library facilities are also available at various Chapters of ICSI-WIRC. 11. Group Insurance Scheme:
ICSI-WIRC with a welfare motive towards its members in the western region, like yesteryears has carried forward group insurance scheme. The policy has been taken from LIC. Salient features of this scheme are as under. a. Rs.10 lakhs term cover per individual member b. The cover is global c. Premium payable Rs.2,800/- per annum plus Service Tax Rs.346/- Total amount is Rs.3,146/-. d. A member hailing from Western Region is eligible to become member of the scheme. e. No health check but only a simple declaration of good health at the time of joining. f. Age limit – 60 years
. Currently there are 222 members, who have enrolled in the scheme. Members are earnestly
requested to avail of this scheme and get benefitted out of this. 12. Auditors: M/s. Sarda Soni Associates, Chartered Accountants, Mumbai. The Auditors would retire at the
forthcoming Annual General Meeting and being eligible for reappointment. The suitable resolution is placed for the approval of members.
13. New Initiatives in the year 2014 :
Immediately after the new Executive Committee of ICSI-WIRC assumed charge effective from 19th January, 2014, it firmed up action plan for the year 2014 with numerous initiatives under consideration, some of which are highlighted below:
Formation of WIRC Women’s Wing
Strengthening the Placements for Students and Members
Publishing Research Works
Opening and increasing of further new Classroom Teaching centres (OTC)
Special training program for Independent Directors
14. Acknowledgments: WIRC places on record its appreciation for the active co-operation extended by:
Ministry of Corporate Affairs, Western Region and North Western Region.
Bombay Stock Exchange.
The faculty members at the conferences seminars, study circle/lecture meetings, MSOP, EDP, SIP, Advertisers and also sponsors of various programmes.
The untiring efforts of the authors who contributed their valuable time in authoring the ICSI-WIRC Publications.
Advertisers / Donors for their financial contribution towards Focus, office renovation and other initiatives.
Members and Office bearers of Managing Committees of Chapters.
Honorary Directors, Professors in charge, Faculty members of Oral Coaching Centers as well as College Authorities of these centers.
The President, Vice President, Central Council Members, Secretary, Chief Executive and other Staff Members of the Head Office of Institute.
Members of various sub-committees, special groups and volunteers.
The Staff of the Western India Regional Office, Chapters and CCGRT.
Members and Students of the Region.
Print and electronic media for coverage in their respective newspapers, magazines and telecast / broadcast.
The examiners who have assisted us in evaluation of answer sheets.
For and on behalf of the Western India Regional Council of The Institute of Company Secretaries of India
Place: Mumbai CS RAGINI CHOKSHI CHAIRPERSON Date : 26th June 2014
ANNEXURE ‘A’
COMMITTEES OF ICSI-WIRC FOR THE YEAR 2014
Sub-Committees Chairmen of Sub-Committees
Executive Committee CS Ragini Chokshi
Accounts & Finance Committee CS Ragini Chokshi
Professional Development Committee
CS Hitesh Kothari (For Mumbai based programs) CS Prakash Pandya (For programs organized out of Mumbai)
Training & Educational Facilities Committee CS Sanjay Gupta
Library Committee CS Hitesh Kothari
Professional Research & Publication Committee CS C.S. Kelkar
Information Technology Committee CS Prakash Pandya
Practising Company Secretaries Committee CS Ashish Bhatt
CSBF Committee CS Hitesh Kothari
Placement Committee CS Makarand Lele
Public Relation Committee CS Mahavir Lunawat
Editorial Board of ICSI-WIRC’s FOCUS CS Makarand Lele
ANNEXURE ‘B’
PROGRAMMES 2013-2014
Sl No.
Name of the Programme Faculties Date of Programme & Venue
1 Program on Service Tax CS Kalidas Ramaswami CS Smitesh Desai
13th April 2013 ICSI WIRC Premises
2 Program on FDI CA Jayesh Thakur CA Rajesh Athavale
20th April 2013 ICSI WIRC
3 4 Day Workshop EYE (Enhance your Effectiveness)
Mr. Pramod Palekar ICSI WIRC 27th 28th April 4th & 5th May 2013
4 Full Day Seminar on Practical Aspect of Mergers & Demergers
25 Seminar on Governance Professional (CS) as Independent Directors - Independence Redefined
Mr. Ananta Barua, CS Keyoor Bakshi Ms. Pearl Tiwari Mr. Sachin Paranjape CS Naina Desai Mr. Lehery Koosai CS G Hariharan CS S.N. Ananthasubramanian CS B L Taparia CS Rakesh Puri
February 22, 2014 Courtyard Marriott, Opp. Sangam Big Cinemas, Andheri-Kurla Road, Andheri East, Mumbai, Maharashtra – 400 059
26 Program on NBFC CS Rajesh Doshi CS V Srinivasan Mr. Kamal Ahuja
March 1st , 2014 ICSI-WIRC A/C Auditorium 1st Floor, 13, Jolly Maker Chambers, No. 2, Nariman Point Mumbai – 400021
27 Program on What a Company Secretary should know about IPR
Mr. Sanjay Kher CS Nayan Rawal CS Subramaniam Vutha
March 08 , 2014 ICSI-WIRC A/C Auditorium 1st Floor, 13, Jolly Maker Chambers, No. 2, Nariman Point Mumbai – 400021
28 Program on Women’s Day Dr. Shobana Vasudevan Ms. Radhika Pereira CS Dipti Neelkanthan CS Jyoti Vineet Tandon Ms. Neelam Bhardwaj Ms. Shagoofa Rashid Khan Ms. Anjali Patil Ms. Bela Kedia Ms.Anita Castellino
March 08 , 2014 Hotel Inter-Continental, Marine Drive, Mumbai – 400021
29 2 Days Program at Valsad on Companies Act 2013 &
CA Bhagirat Merchant CS Robert Pavrey
March 14 &15 , 2014 The Club Resort At & Post:
SEBI Regulations (Proposed Corporate Governance Norms)
CS Kalidas Vanjpe CS Prakash K Pandya CS Mahavir Lunawat CS Umesh Ved
Vashier, Near River Wanki, Valsad -396 001, Gujarat
30 Program on Pooled Investment through Mutual Funds / Venture Capital Funds / Alternate Investment Funds- Insight for Company Secretaries
CS Atul H Mehta, CS Nehal Shah Ms. Nila S. Khanolkar CS. Ashutosh Naik
March 22, 2014 ICSI-WIRC A/C Auditorium 1st Floor, 13, Jolly Maker Chambers, No. 2, Nariman Point Mumbai – 400021
31 Program on Practical Aspects of Mergers and Amalgamations
CA Bhagirat Merchant CS B. Renganathan Dr. Anil Gor
March 29, 2014 Kamalnayan Bajaj Hall, Bajaj bhavan, Jamnalal Bajaj Marg, 266 , Nariman Point, Mumbai – 400 021
JOINT PROGRAMS
Sl.
No.
Name of the Programme
Faculties Date of Programme & Venue
1. Maharashtra State Conference On Corporate Scenario – Emerging Trends Joint Program with Aurangabad Chapter
Mr. V.S. Sundaresan Mr. Bhushan Mokashi Mr. M.V. Phadke Mr. Kuldip Joshi CS Dholakia CS Narayan Shankar
7th September & 8th September Aurangabad
2. Two Days Conference hosted by pune chapter On CS – Catalyst to Corporate solutions
CS S D Israni CS Nayan Rawal Mr. Rajesh Walawalkar Mr. Shirish Bhatt CS Anand Varma CA Abhay Pitale Justice Dilip Karnik CS S N Anannthasubramaniam CS Vivek Sadhale CS Vikrant Gandhe
CS Subodh Gore
CS Kedar Sabne
CS Arun Deshpande
Mr. Anil Lamba
Ms. Madhuri Lele
CS Parag Inamdar
CS Kiran Chitale
CS Sundarlata Patil
05 & 06 July Indian Medical Association, Dr. Nitu Mandke IMA House, 992 , Shukrawar Peth , Tilak Road, Pune – 411002
CS Deepak Naik
CS Amit Atre
3. ICSI-WIRC jointly with its Indore Chapter organised a Two Days Program on Two days Workshop & Panel Discussions on “The Companies Act – 2013”
CS K S Ravichandran CS U K Choudhary Mr. Girish Joshi
CA Aseem Trivedi Mr. Vijay Joshi CS Ashok Mehta CS Pavan Kumar Vijay CS Umesh Ved
CS B Narasimhan
4th and 5th January 2014 at Fortune landmark, Indore
4.
ICSI-WIRC In association with Kandivali Study Circle organizes full day seminar on companies act, 2013
Name of the Programme Faculties Date of Programme & Venue
1. Borivali Study Circle Meeting On Personal Financial Planning
CS Sanjay Gupta
14th April 2013 Borivali
2. Study Circle Meeting on Supreme Court Judgment on Rejection of Novartis Patent Application
Mr. Ravindra Shetty 17th April 2013
3. Ghatkopar Study Circle Meeting on Companies Bill
CS Prakash Pandya 19th April 2013
4. Andheri study circle meeting on interface with new Regional Director, Hon. Mr. Mahesh Kuwadia Ministry Corporate Affairs with special reference to following: 1.compounding of offences u/s 621a 2.petition u/s 391,394 for merger and amalgamation 3.application and prior approval u/s 297 towards Disclosure of interest 4. Removal of auditor-u/s
Mr. Mahesh Kuwadia
28th April 2013 Andheri
225 5.shifting of registered office u/s 17
5. Borivali Study Circle Meeting on “Criminal Jurisprudence for Company Secretaries
CS Rishikesh Vyas
12th May 2013
6. Ghatkopar Study Circle Meeting on Appearance before SEBI and SAT
Dr. S. K. Jain 17th May 2013
7. Borivali Study Circle on Review of Corporate Governance in India
CS Manoj Sonawala 09th June 2013
8. Ghatkopar Study Circle Meeting on Issues and litigations on Intellectual Property Rights
Mr. Sagar Madan 21st June
9. Andheri Study Circle on Enterprise Risk Management ALL YOU NEED TO KNOW AS CS
CS G. Hariharan
30th June
10. Borivali Study Circle Meeting on Regulatory Framework Relating to NBFCs
CS B. Renganathan
14th July 2013
11. Ghatkopar Study Circle Meeting on Due Diligence Report (As per RBI Regulations)
CS Amita Saxena 19th July 2013
12. Andheri Study Circle Meeting on “XBRL Update” (Covering Practical Issues)
Mr. Rajender Kapoor
28th July 2013
13. Borivali Study Circle on Intellectual Property & its Management as on Asset
CS Nayan Rawal 11th August 2013
14. Ghatkopar Study Circle Meeting on Compliances under Listing Agreement
CS K. Venkatraman
16th August
15. Andheri Study Circle Meeting 1. On “New Vistas Of Opportunity & Challenges For Pcs Under CO Bill, 2012” (as passed by Rajyasabha on 8th Aug 2013) 2. “ Important Provisions Under Companies Bill 2012” (on Accounts, Audit, Auditors, Independent Directors, Inter-corporate loans and
CS Suresh Thakur Desai CS Jayesh Thakur
25th August
investment , Dividends, Board meetings/powers and duties of BOD )
16. Borivali Study Circle Meeting On Directors and Audit under Companies Act, 2013
CS Raju Ananthanarayanan
8th September 2013
17. Ghatkopar Study Circle Meeting On Types of Companies & incorporation procedures under Companies Act, 2013 1. Grey areas in the new Act 2. Relevant notified sections
of the Companies Act, 2013
Mr. Jagdish Ahuja 20th September 2013
18. Borivali Study Circle Meeting on Capital Issues and Corporate Restructuring Companies Act, 2013”
CS Mahavir Lunawat
13th October 2013 Borivali
19. Ghatkopar Study Circle Meeting Companies Act 2013 - Opportunities And Challenges A Journey from Employment to KMP Certification to advisory and advocacy
CS Rishikesh Vyas
18th October 2013
20. Andheri SCM on Related Party Transaction, Payment Of Dividend (Under Companies ACT,2013 / DRAFT RULES) & Company Incorporation By Foreign Promoter/ Director As Per New Companies Act,2013
CS Amit Bhasin CS Janak Pandya
20th October 2013 Andheri
21. Borivali Study Circle Meeting on “Acceptance of Deposits and other important provisions of Companies Act, 2013 – An Open Discussion”
CS Prakash K Pandya 10th November 2013 Borivali
22. Ghatkopar Study Circle Meeting on Scope of Directors and their Responsibilities under Chapter 11 and 12 of Companies Act 2013
CS Atul Mehta
15th November 2013
23. Andheri Study Circle Meeting on Enhanced Disclosures ,Signing and Certification of Annual
CS Atul Mehta CS Devesh Pathak
24th November
Return & Appointment ,Role and Functions of Independent Director and Key Managerial Personnel under new Era (UNDER THE COMPANIES ACT,2013/DRAFT RULES)
24. Borivali Study Circle Meeting On “Domestic Transfer Pricing”
CS A. Sekar
8th December 2013
25. Ghatkopar Study Circle on Chartered Secretary and Law Graduate (Hindustan Unilever Limited (HUL), Dy. Company Secretary)
CS Amit Bhasin 20th December 2013 New SNDT, Cama Lane, Ghatkopar
26. Andheri Study Circle Meeting on Foreign Direct Investments (FDI) Through Approval Route & Secretarial Audit and other professional opportunities for PCS under Companies Act, 2013
CS A Sekar 22nd December 2013 Sardar Vallabhbhai Engineering College
27. Borivali Study Circle Meeting on Company Incorporation by Foreign Promoters / Directors as per Companies Act, 2013
CS Janak Pandya 12th January, 2014 A V Hall, Don Bosco High School, L.T. Road, Vazira Naka, Borivali (West)
28. Ghatkopar Study Circle Meeting on Practical Implications of the Notified Sections, Secretarial Audit, Annual Return Certification & other Professional Opportunities under The Companies Act 2013
CS A Sekar 17th January, 2014 1st Floor, A V Hall, New SNDT, Cama Lane, Ghatkopar (w)
29. Andheri Study Circle Meeting on Yogas
CS Vimal Dubey 26th January, 2014
30. Borivali Study Circle Meeting on Trademarks – Its Management as an asset
CS Nayan Rawal 9th February, 2014 A V Hall, Don Bosco High School, Borivali (West), Mumbai – 400091
31. Ghatkopar Study Circle Meeting ON SOFT SKILLS - SUCCESS SATSANG
Mr. Hariharan Iyer
21st February, 2014 AV Hall, 1st Floor, New SNDT, Cama Lane, Ghatkopar ( W) Mumbai- 400 077
32. Andheri Study Circle Meeting on Corporate Due Diligence
CS Rishikesh Vyas
23rd February, 2014 Sardar Vallabhbhai Engineering College, Bhavan’s College Campus, Near Navrang Cinema & Vrindavan Restaurant. Andheri (West), Mumbai
33. Borivali Study Circle
Meeting on An overview of
Non-Performing Loan
Resolution and Asset
Reconstruction
Mr. Nitin Kaoshik 9th March, 2014 A V Hall, Don Bosco High School, Borivali (West), Mumbai – 400091
34. Ghatkopar Study Circle
Meeting on Amendments
to the Listing Agreement
proposed by the SEBI
CS Manoj Sonawala
March 21, 2014 AV Hall, 1st Floor, New SNDT, Cama Lane, Ghatkopar( W) Mumbai- 400 077
35. Andheri Study Circle Meeting on Independent Director (Under Companies Act, 2013) & Discussion on selective topics 1. Incorporation of Companies 2. Board of Directors (Under Companies Act, 2013)
CS Ragini Chokshi CS A Sekar
March 29, 2014 ICSI-WIRC A/C Auditorium 5st Floor, 13, Jolly Maker Chambers, No. 2, Nariman Point Mumbai – 400021
SPECIAL PROGRAMS
1 Get Together 13th December at Garware
2 Friendly Cricket Match between ICSI-WIRC and MCA
2nd January 2014 Hindu gymkhana, off the of Marine Lines Stn. West (SEA VIEW ambiance)
3 Health Check up Camp organised at RD Office premises
11th January 2014 at the premises of office of the Regional Director (WR) at Mumbai
ICSI-WIRC organized a series of Investor Awareness Programmes at
various places during the period from April 2013 to March 2014 at Mumbai
and other cities– 109 nos.
ANNEXURE ‘C’
LIST OF PRIZE / AWARD WINNERS FROM WESTERN REGION
PROFESSIONAL PROGRAMME EXAMINTION
NAME OF THE PRIZE AWARD AND CRITERIA
Name of the Prize Winner of December
2012 Examination
Name of the Prize Winner of June 2013
Examination
WIRC Medal
Awarded to a candidate who passes in all papers of the Professional Programme Examination, at first attempt, in one sitting, without claiming any exemption and obtaining the highest marks taking into account the performance of all such successful candidates from examination centres within the Western Region
SHRI ABDULLAH RASHID FAKIH
MS SHAH MANALI MANOJKUMAR
WIRC Cash Prize
Awarded to a candidate who passes in all papers of the Professional programme Examination, at first attempt in one sitting, without claiming any exemption and obtaining the second highest marks taking into account the performance of all such successful candidates from examination centres within the Western Region
MS JANHAVI MILIND CHIPLUNKAR
MS. BINDIYA ASHOKBHAI CHHATBAR
Late S. Narayanan Memorial Prize Award
Awarded to a lady candidate who passes in all papers of the Professional Programme Examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks taking into account the performance of all such successful lady candidates from examination centres within the Western Region.
MS JANHAVI MILIND CHIPLUNKAR
MS SHAH MANALI MANOJKUMAR
Shri Kanhaiyalal N. Dusanewala Vakil (Nandurbar) Memorial Award
Awarded to a lady candidate who passes in all papers of the Professional Programme Examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the second highest marks taking into account the performance of all successful lady candidates from examination centres within the Western Region.
MS RANI PRAKASHMAL JAIN
MS. BINDIYA ASHOKBHAI CHHATBAR
Past President Chinubhai R. Shah Award
Awarded to a candidate who passes in all papers of the Professional Programme Examination at first attempt in one sitting, without claiming exemption in any subject and obtaining the highest marks EITHER in ‘Advanced Company Law Practice’ paper under the old syllabus OR in ‘Company Secretarial Practice’ paper taking into account the performance of all such successful candidates from examination centres within the Western Region
SHRI ABDULLAH RASHID FAKIH
MS. MEETA RAJENDRA AGARWAL
Sukhlal C. Mody Memorial Prize Awarded to a candidate who passes in all papers on the Professional Programme Examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks in ‘Corporate Restructuring & Insolvency’ paper taking into account the performance of all such successful candidates from examination centres within the Western Region
SHRI ABDULLAH RASHID FAKIH (CO-WINNER)
SHRI DIPAM ARPIT PATEL
(CO- WINNER)
MS. NAVITA SHIVDAYAL JHAMNANI
WIRC Past Chairman, V.K. Mathur Memorial Award
Awarded to a candidate who passes in all papers of the Professional Programme Examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks
SHRI ABDULLAH RASHID FAKIH
SHRI DURGESH DULICHAND SONI (CO-WINNER)
in ‘Drafting, Appearances and Pleadings’ paper taking into account the performance of all such successful candidates from examination centres within the Western Region
SHRI VARUN SITARAM AGRAWAL (CO-WINNER)
EXECUTIVE PROGRAMME EXAMINATION
NAME OF THE PRIZE AWARD AND CRITERIA
Name of the Prize Winner of December
2012 Examination
Name of the Prize Winner of June 2013 Examination
WIRC Medal
Awarded to a candidate who passes in all papers of the Executive Programme Examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks taking into account the performance of all such successful candidates from examination centres within the Western Region
MS. PRERITA BAHETY
MS. SHIKHA SHYAMSUNDER AGRAWAL
WIRC Cash Prize
Awarded to a candidate who passes in all papers of the Executive Programme examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the second highest marks taking into account the performance of all such successful candidates from examination centres within the Western Region
MS CHUNNI SANJAY SINGH
(CO-WINNER)
SHRI MURTUZA ESOOF BATAWALA
(CO-WINNER)
SHRI SHAH KRUNALKUMAR SANJAYBHAI
Past President Chinubhai R. Shah Award
Awarded to a candidate who passes in all papers of the Executive Programme examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks in ‘Company Law’ paper, taking into account the performance of all such successful candidates from examination centres within the Western Region
MS. PRERITA BAHETY (CO-WINNER)
MS. RUPALI DHIMAN (CO-WINNER)
MS. JUILEE JAYANT GHADGE
Suguna Memorial Prize
Awarded to a lady candidate who passes in all papers of the Executive Programme examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks taking into account the performance of all such successful lady candidates from examination centres within the Western Region
MS.PRERITA BAHETY
MS. SHIKHA SHYAMSUNDER AGRAWAL
FOUNDATION PROGRAMME
NAME OF THE PRIZE AWARD AND CRITERIA
Name of the Prize Winner of December
2012 Examination
Name of the Prize Winner of June 2013 Examination
Elvina Pinto Memorial Prize Award
Awarded to a candidate who passes in all papers of the Foundation Programme examination, at first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest marks taking into account the performance of all such successful candidates under old as well as new syllabi from examination centers within the Western Region
We have audited the accompanying financial statements of WESTERN INDIA REGIONALCOUNCIL OF THE INSTITUTE OF COMPANY SECRETARIES OF INDIA, which comprise theBalance Sheet as at March 31, 2014 and the Statement of Income and Expenditure Accountfor the year then ended and a summary of significant accounting policies and otherexplanatory information.
Management is responsible for the preparation of these financial statements that give atrue and fair view of the financial position, financial performance of the Council. Thisresponsibility includes the design, implementation and maintenance of internal controlrelevant to the preparation and presentation of the financial statements that give a true andfair view and are free from material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on our audit.We conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. Those Standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to-the Council's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.
During the year under audit, the audited accounts of Kandivali Study Circle' are alsoincorporated and as there was no activity in Dadar Study Circle the accounts have not beenprepared.
In our opinion and to the best of our information and according to the explanations given tous, the financial statements give the information required by the Act in the manner so ,,.=,-,,,
,,-.�. ----0 Asso---,:\\required and give a true and fair view in conformit with the accountin rinci principleseneral -,, - • 0 \
in the case of the Balance Sheet, of the state of affairs of the Council as at March31, 2014;in the case of the Income and Expenditure Account, of the surplus for the yearended on that date;
The Council is exempt from the applicability of the provisions of Companies(Auditor's Report) Order, 2003 ("the Order") issued by the Central Government ofIndia in terms of sub-section (4A) of section 227 of the Act vide Clause 2(iii) of Para I ofthe Order.
As required by Section 227(3) of the Act, we report that:we have obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purpose of our audit;in our opinion proper books of account as required by law have been kept by theCouncil so far as appears from our examination of those booksthe Balance Sheet and Statement of Income & Expenditure Account, dealt withby this Report are in agreement with the books of account.in our opinion, the Balance Sheet and Statement of Income & ExpenditureAccount comply with the relevant Accounting Standards referred to in sub-section(3C) of Section 211 of the Companies Act, 1956;
Place: Mumbai
Date: 26th June, 2014
For SARDA SONI ASSOCIATES
Chartered Accountants
FRN: 117235
Manoj Kumar Jain
(Partner)
Membership No. :120788
ChairpersonCS Ragini Chokshi CS Ash., Doshi
Vice Chairman
As per our report of even dateFor Sarda Soni AssociatesChartered Accountants(FRN : 117235W)
For and on behalf of Western India Regional Council ofThe Institute of Company Secretaries of India
Manoj K JainPartnerM.No.120788MumbaiDated: 26 June 2014
,KJazoks47 tkk5'7>A%
CS Ashish Garg mit Kumar Jain Mr.Sudipto PalSecretary Tre urer Regional Director(W)
WESTERN INDIA REGIONAL COUNCIL OFTHE INSTITUTE OF COMPANY SECRETARIES OF INDIA
Net Block 53,31,373 42,99,883Add : Advance for purchase of Land
and Buildings under construction - -
53,31,373 42,99,883Contibution to HQ Towards
Land & Building and Other Assets 4,51,25,810 4,51,25,810
Investments - -
Current assets, Loans & AdvancesCurrent Assets 4
Interest accrued on Investments - -
Stocks in Hand [Silver Memento Rs.8640/1 8,640 8,640Sundry Debtors 6,66,024 8,13,056Cash and Bank Balance 22,82,209 42,09,608
Total 29,56,873 50,31,304Loans and Advances [See Note No. 7] 5 35,44,239 49,89,341
Total 65,01,112 1,00,20,646
Less : Current Liabilities & ProvisionCurrent Liabilities 6 37,34,651 22,57,656Provision -
Total 37,34,651 22,57,656Net Current Assets 27,66,461 77,62,990
TOTAL 5,32,23,644 5 88,6
WESTERN INDIA REGIONAL COUNCIL OFTHE INSTITUTE OF COMPANY SECRETARIES OF INDIA
OW,...F•W••n I n • n••n•• Mn ff n • •n•• n •n••• • ..n•• n •n / ••n•n •••n WV•. • ,••••••n • • ••n • •n • n • n•n •n••
SCHEDULEREFERENCE
n ••••n••••n•• n•••• •.• • n••• • • n •• •• n• n••
2013-2014RUPEES
n•••• • •
2012-2013RUPEES
INCOMEFees from Students 7 85,38,466 1,23,18,063Sale of Publications 4,45,375 1,42,900Grants received from HQ for Calendar Year 2012 & 2013 23,90,740 8,61,170Subscriptions to Newsletter & Advertisement 1,03,600 14,97,008Best RC Award 50,000 -
Interest from Investment 3,77,717 76,375Income from Members' programme 87,14,213 1,14,82,070Other 8 9,73,837 3,63,867
Total 2,15,93,948 2,67,41,453EXPENDITUREEstablishment 9 13,53,187 15,56,886Oral Tuition & Other Student programme Exps 58,32,604 63,37,536Publications 2,71,129 1,01,525Office Stationery 5,97,181 3,29,790Journals and Bulletins 3,86,199 15,23,634Communication 10 3,16,607 4,04,932CSBF Donation - 75,000Travelling and Conveyance 1,06,889 1,77,980Members' Professional Dev. Prog. & Training 71,01,091 66,47,630Others 11 45,72,289 26,45,237Depreciation 3 5,59,797 4,49,417Excess of Income Over Expenditure
Transferred to General Reserve 4,96,976 64,91,888
Total 2,15,93,948 2,67,41,453Accouting Policies And Notes to
Financial Statements 12As per our report of even date For and on behalf of Western IndiaFor Sarda Soni Associates The Institute of Company SecretariesChartered Accountants(FRN : 117235W)
Grant from HQ for Building Renovation 12,53,400 12,53,400
Contribution from HQ -Furniture & Fixtures(Room No.13) 13,00,000 13,00,000
CAPITAL GRANT FOR CAPITAL EXPENDITURE 95,000 95,000
LIBRARY FUND
As per Last B/s 14,36,675 14,36,675
Add: Amount transfered from Caution Money & LibraryDeposit - -
14,36,675 14,36,675
TOTAL 1,22,87,584 1,17,82,623
BUILDING RESERVE - SCHEDULE 2
PARTICULARS 31.03.2014 31.03.2013BUILDING RESERVE(Chapter / Region own contributions)As per last Balance SheetAdd: Transfer from General ReserveAdd: Contribution from HQ -Building (Room No.56 & 57)(See Note No.8)Add: Donations received during the year
TOTAL 71,96,894 87,714 87,45,058 43,123 34,13,685 53,31,373 42,99,884PREVIOUS YEAR 48,33,859 - 71,96,894 - 28,97,011 42,99,884 23,86,264
Note : As per HO guidelines-Fixed assets, costing Rs.5000/-or less e whose written down value is Rs.250/-or less at the beginning of the year, are fully depreciated.As per HO letter dt.31.5.11 cooling equipment shown a %tures.As per HO letter dt.10.11.10 Ref:104/31/Accts Libra fective from the f/y 2010-11, and are to be treated as capital nature of expenditure,
shown in the Fixed Assets schedule and deprecia the rate of 4" ' uring that year.FIRM REGN.
.117235
MBAI k)\,_
\\,c3e.r>s, ..--'N.. `/'Fig Ars-D\--
`t<
*
CURRENT ASSETS SCHEDULE 4PARTICULARS 31.03.2014 31.03.2013
Interest Accrued on Investments - -
Stock (valued, taken and certified by the Management)Publications - -
Paper - -
Study Material - -
Others - -,- -
Sundry Debtors (Unsecured)Outstanding for more than six months
- considered good 4,02,503 6,20,136- considered doubtful(see Note 10) 2,63,520 1,92,920
6,66,023 8,13,056Others (considered good) - -
6,66,023 8,13,056Less : Provision for Bad & Doubtful Debts - , -
6,66,023 8,13,056
CASH & BANK BALANCESCash, Cheques/Drafts/Postal Orders, 7,043 12,150Postage Stamps/Franking units - -
With Scheduled BanksSavings Bank accounts (see Note 12) (6,73,390) 9,86,187Short/Long Term Deposits 28,55,028 32,11,272
Interest accrued on Term Deposits 93,528 -
22,82,209 42,09,608
TOTAL 22,82,209 42,09,608
LOANS AND ADVANCES SCHEDULE 5PARTICULARS 31.03.2014 31.03.2013
Advances ( Considered Good unless otherwise stated)-Employees (including interest accrued thereon) - -
-Recoverables from HQ/Chapters """ 32,10,917 47,32,168-Others - considered good-Others - considered doubtful
Less : Provision for Bad & Doubtful Debts - -
- _
Prepaid Expenses 1,78,512 1,58,863
Security Deposits 1,53,810 98,310
Kandivali-Loans & Advance 1,000
TOTAL 35,44,239 49,89,341
CURRENT LIABILITIES AND PROVISIONS SCHEDULE 6PARTICULARS 31.03.2014 31.03.2013