Article on incorporation of company

Friends,

Just click here to download the article on incorporation of the company

http://www.ziddu.com/download/7144413/incorporationprocedurecompany.pdf.html


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ICWAI council approved CAS 7 & CAS 8

Central Council of the ICWAI has approved on 12th September 2009 the Cost Accounting Standards on Employee Cost (CAS-7) and Cost of Utilities (CAS-8).

The same have been hosted on the website of the ICWAI.

Final Cost Accounting Standard on Employee Cost (CAS-7).
http://www.icwai.org/icwai/docs/CASB/CAS7.pdf

Final Cost Accounting Standard on Cost of Utilities (CAS-8).
http://www.icwai.org/icwai/docs/CASB/CAS8.pdf

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Companies Bill, 2009-Place your suggestions here

Dear Member,

Sub: Companies Bill, 2009

As you are aware, the Companies Bill, 2009 has been introduced in Lok Sabha on 3rd August, 2009.

The new Bill proposes to open up new avenues for the professionals especially Chartered Accountants and at the same time casts a lot of responsibility on them for conduct of affairs of the companies.

Appreciating the need of the hour and in view of the importance of the Bill, the Corporate Laws Committee has formed study groups at National level, Regional level and Branch level to consider the provisions of Companies Bill in depth. The suggestions emanating there from shall be forwarded to the Ministry of Corporate Affairs by making a suitable representation.

You are requested to kindly give your valuable suggestions/views/comments on the Bill and send the same to the Corporate Laws Committee at corporatelaws@icai.in latest by 25th September, 2009. A copy of the Bill is placed on the website of the Institute at http://www.icai.org/resource_file/17166companies_bill_2009.pdf

With kind regards,

Yours faithfully,


Secretary,
Corporate Laws Committee

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Attention Students (CS) Send Response sheets by email

ATTENTION STUDENTS !!

RESPONSESHEETS BY E-MAIL

As the Student Communityis well aware, the Institute has always strived to absorb the power of information technology in its day to day activities so that the students areprovided with hassle-free and effective services at all times. Inthis scenario, it has been decidedto introduce a Pilot Project of E-Response Sheets wherein Response Sheets will be accepted from the students through E-Mail asagainst the conventional method of accepting the same in physical form. Thedetails are as under : -

                                                        

Eligibility of Students  to be covered under Pilot Project	Students of Executive  Programme who have either :       (i)   Passed CA/ICWA   Final  Examinations;       OR      (ii)   Having with 4-5 Years of Work  Experience
Subject covered under  Pilot Project	‘Company  Law’  (Code No.224) covered under Module-II of Executive Programme
Process involved	F   Step  1	Click on the link  “Students” and then “E-Response Sheets” to download the Word  Document containing Question-Cum-Answer Paper.
	F   Step  2	Fill in the Particulars  of Student in the Template which is also available in the Word Document.
	F   Step  3	Type the Answers for  each Question at the relevant space in  the Word Document.
	F   Step  4	Send the E-Response  Sheet to response_cl@icsi.edu
	F   Step  5	While sending the  E-Response Sheet by E-Mail, please also attach scanned copy of certificate  pertaining to qualification (CA/ICWA) or work experience.

Students fulfilling theeligibility criteria are requested to follow the above steps. Incase of any difficulty, students maycontact Directorate of Information Technology (psdit@icsi.edu)for technical problems and Directorate of Student Services (dss@icsi.edu) for any other query likeeligibility, etc.

Please note that dependingupon the success of the PilotProject, this facility will be extended to all the remaining subjects/ stages ina phased manner. The present systemof submitting the response sheets inphysical form will not be affected and will continue as usual.

Appointment of CS- Limit revised to 5 crores from 2 crores

COMPANIES (APPOINTMENT AND QUALIFICATIONS OF SECRETARY) AMENDMENT RULES, 2009 - AMENDMENT IN RULE 3

NOTIFICATION NO. G.S.R. 11 (E), DATED 5-1-2009

In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 read with clause (45) of section 2 and section 383A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualifications of Secretary) Rules, 1988, namely :—

1. (1) These rules may be called the Companies (Appointment and Qualifications of Secretary) Amendment Rules, 2009.

(2) They shall come into force from the 15th day of March, 2009.

2. In the Companies (Appointment and Qualifications)of Secretary) Rules, 1988, in rule 2,

(i) in sub-rule (1) and in the proviso to sub-rule (4), for the words "rupees two crores" the following words shall be substituted, namely:—

"five crore rupees";

(ii) in sub-rule (3), the second and third proviso shall be omitted;

(iii) after sub-rule (3), the following sub-rule shall be inserted, namely:—

"(3A) A company having a paid up share capital of two crore rupees or more but less than five crore rupees may appoint any individual who possesses the qualification of membership of the Institute of Company Secretaries of India constituted under the Company Secretaries Act, 1980 (56 of 1980), as a whole-time secretary to perform the duties of a secretary under the Companies Act, 1956:

Provided that where a company has appointed under sub-rule (3) or this sub-rule, a whole-time company secretary, possessing the qualification of membership of the Institute of Company Secretaries of India, such a company is not required to obtain a certificate from a secretary in whole-time practice under rule 3 of the Companies (Compliance Certificate) Rules, 2001."

[F.No. 1/6/2008-CL.-V]