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March 2007

3
EDITORIAL CENTRAL COUNCIL ANNUAL SUBSCRIPTION Rs. 50
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Chairman President
Edited, printed and published by
S. Balasubramanian Preeti Malhotra(Ms.)
N.K. Jain for the Institute of
Vice-President
Members Company Secretaries of India,
Keyoor Bakshi
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Ajit Yadav Members Area, Lodi Road,
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Sanjay Grover Sanjay Grover responsible for the result of
sanjeev Kumar(Dr.) Sridharan R any action taken on the basis
V K. Agarwal Sudhir Babu C of the advertisements
Vinayak S Khanvalkar published in this Bulletin.
Editor & Publisher Y S Malik
N. K. Jain Secretary & Chief
Executive Officer
N.K. Jain

HIGHLIGHTS
H I G H L I G H T S

l From the President 03


l Article - Union Budget 2007-08 - Highlights 05
l Academic Guidance 08
l Legal World 15
l Student Services 17
l Students Quiz 28
Prize Winnners 28
l News and Announcements 31
l Schedules of SMTPs/Training Orientation Programmes 35
l Schedule of Academic Development Programmes 37
l 35 Years of CS on CD 40

Student Company Secretary 1 March 2007


Training Orientation Programme

As per Company Secretaries Regulations, 1982 (amended the significance and methodology of training, business
from time-to-time) every student apart from passing the final environment, corporate culture, communication and
examination of the Institute is also required to possess the behavioural aspects. Keeping in view the above factors, the
practical experience and undergo practical training or be Council of the Institute has decided that students requiring to
exempted therefrom before becoming eligible to the Associate undergo training should compulsorily attend five days Training
Membership of the Institute. Students who do not possess Orientation Programme (TOP) before they are sponsored for
practical experience are required to undergo compulsorily 15 training. It has also been decided that henceforth students
months Management/Apprenticeship training. will be sponsored for training in the companies or with company
Most of the students commencing training are not aware of secretaries in practice as per the following schedule.

Activities Session1 Session 2 Session 3 Session - 4


Registration of students January 1 to March 01 to June 01 to September 01 to
for 15 months Training January 10 March 10 June 10 September 10
Organisation of TOP January 15 to March 15 to June 15 to September 15 to
January 24 March 24 June 24 September 24
Campus Interview January 25 to March 25 to June 25 to September 25 to
January 31 March 31 June 30 September 30
Commencement of February 01 April 01 July 01 October 01
Training Onwards Onwards Onwards Onwards
Completion of April 30* June 30* September 30* December 31*
Training Next Year Next Year Next Year Next Year
* If the student avails extra leave, the training will be extended accordingly.
Training Orientation Programme is a part of the 10. Usefulness of reading newspapers
Management/Apprenticeship training and is based on Guru 11. Self-assessment
Shishya Parampara. Training Orientation Programme will not SWOT analysis
only expose the students to the business environment and Career prospects
corporate functioning but would also help them in acquiring
Personality
the desired skill and confidence.
12. Writing of curriculum vitae
The Regional Councils will organize the Training Orientation
Programme from 15th to 24th of the four fixed months i.e. 13. Interview Techniques
January, March, June & September. 14. Career Planning
For effective interaction and participation, not more than 15. Computer-Internet/E-mail
40 students would be enrolled in each TOP. A fee of Rs. 400/ 16. File management
- per participant will be charged. 17. Organisation structure, role and functioning of Competition
The following topics will be included in the programme : Commission of India, CLB/NCLT, ROC, Stock Exchange,
SEBI, RBI, DRT
1. Importance of Training
18. Usefulness of Professional Development Programmes.
2. Personality Development- Dress Code & How to carry
oneself 19. Code of Conduct
20. Future Prospects
3. Time Management
For helping the students to identify Companies or Company
4. Meaning of Professionals
Secretaries in practice for undergoing training, the Regional
5. Office Culture Councils would also arrange Campus Interviews, immediately
6. Communication Skill on conclusion of each TOP for on-the-spot selection of
Writing ability candidates. Such Campus Interviews will be organized during
Drafting of letters the four fixed months from March 25 to 31; June 25 to 30;
Speaking ability September 25 to 30 and January 25 to 31.
All students intending to commence Management/
7. Group discussion, Drafting of Minutes, Notices,
Apprenticeship training are advised to contact the respective
Resolutions etc.
Regional Councils for enrolling themselves for TOP. Only on
8. How to qualify professional examination successful completion of TOP, students would be sponsored
9. Managing under crisis for training by the Institute.

Student Company Secretary 2 March 2007


From The President

Youve done it before and you can do it now.


See the positive possibilities.
Redirect the substantial energy of your frustration and turn it into positive,
effective, unstoppable determination.
Ralph Marston

Dear Students,
It is pleasing to see your smiling faces because when you smile every body smiles with
you. A smile is magical. It is a heavenly gift. It nourishes health of the body and the mind.
It is happily contagious too. Having achieved success in December 2006 examinations the results of which were
declared on 25th of February 2007 all over India, your joyfulness is a great satisfaction for us mainly because your hard
work has rewarded you and what is more, you have opted for this profession which is highly sought after in the present
dynamic competitive environment. I would like to congratulate you for achieving the desired success in the December
2006 examinations. Equally, I feel concerned for those students who have not been able to clear the examinations this
time what ever the reason may be. Well, they should not feel disheartened as reverses are common in a professional
examination. Taking this failure as a learning experience, they should identify the deficiencies and prepare earnestly
to clear the next examination successfully. As Conrad Hilton said, Success seems to be connected with action.
Successful people keep moving. They make mistakes, but they dont quit. They take their learnings and move on. So
you should also move on and that too with smiles simultaneously being serious with the analysis of your deficiencies
and shortcomings in the recent examination and look with cheer to your next attempt. Who knows; your success could
be more glorious!
There is neither harm nor a loss of prestige in admitting the mistakes or deficiencies. Doing so is constructive as it
enables you to work hard and fill up those deficiencies. We have been emphasizing repeatedly that in a professional
examination standards set are very high and the expectations from the students are equally on a higher pedestal. So
you have to work systematically as well as hard to come up to the expectations of professional standards. We all
believe that hard and honest work is the key to success. All great men rose to fame and fortune by dint of hard work.
The richest and the most powerful nations in the world are the most diligent and industrious. Let me point out honest
toil never goes unrewarded and the efforts of a man who labours hard are sure to be crowned with success, sooner or
later. Moreover, you should learn to love and get pleasure in the very work you are doing. This will give you happiness
of a lifetime.
You should feel proud that you belong to an Institute of national repute striving to achieve professional excellence.
So while pursuing your CS Course, your endeavour should be to aim for excellence. The task is not easy. It requires
diligence, in-depth study followed by constant updation of your knowledge. While preparing for the examination, apart
from reading Study Material, Bare Acts and References, you should also read Chartered Secretary, Student Company
Secretary Bulletin, Economic dailies and other professional journals to supplement your knowledge and keep yourselves
abreast of the latest developments. Reference to questions asked in the previous examinations would also be beneficial.
Guideline Answers and Suggested Answers published by the Institute will certainly help you to have an idea as to how
your answers are to be presented. Practice makes a man perfect. Hence you should practice writing answers on your
own and then compare them with the Guideline and Suggested Answers.
Besides, as you are aware, the Institute has set up Oral Coaching Centers at almost all important cities /towns of
our country to provide classroom teaching facilities. I advise you to join Oral Coaching Classes to supplement your
home study programme. Further, attending Oral Coaching Classes will provide you an opportunity to interact with the

Student Company Secretary 3 March 2007


From The President
faculties and help you to improve your communication skills through interactive learning. Furthermore, you should
also avail of the library facilities provided at the Regional Councils/ Chapters and Satellite Chapters.
SMTP is being organized by the Regional Councils and A Grade Chapters from time to time for the students who
have passed their final examination and completed all other training requirements. I advise you to join the SMTP and
have the privilege of becoming a Member of the Institute. Moreover, as informed to you earlier, the Institute is organizing
17th Residential Secretarial Modular Training Programme (RSMTP) at CCRT Navi Mumbai commencing from 24th
March to 8th April 2007. I advise you to avail of this unique opportunity. Attending Residential SMTP at CCRT will be an
experience by itself for you as it provides all the facilities enabling students to interact with the expert faculty, senior
academics and corporate leaders.
That apart, the role of training is crucial in shaping the professional career of the students. Training enhances
practical knowledge and skills of the students so that they can effectively handle various organizational tasks in their
professional career. Training is necessary not only for doing the present job but also for acquiring the desirable extra
skill or knowledge for filing higher jobs. The compulsory Training Orientation Programme (TOP) based on Guru Shishya
Parampara has been devised with an objective to aid the students in the methodology of training.
Friends, I had the opportunity to interact with Chairmen of Regional Councils and A1 and A Grade Chapters of the
Institute on February 4-5, 2007 at New Delhi. In view of strengthening the new drive of building our brand, the focus of
the meeting was on Intensifying Customer Service Initiatives. The meeting ended with concrete plan in a defined
result-oriented manner. Further, I had the benefit of interaction with a large number of members and students in
various Chapters and Regional Councils. This proved to be of singular importance as I not only shared the agenda of
the year with them but also was happy to note their cheer, enthusiasm and ideas for shaping various aspects of the
profession.
National Convention is an important annual event of the Institute. I am pleased to inform you that this year the 35th
National Convention will be held in the Northern Region. Since the dates and venue are being finalized, I invite you in
the meantime to suggest well-considered suitable theme and sub-themes for deliberation at the ensuing National
Convention. The student whose theme alongwith its sub themes is selected shall have exemption from paying the
delegate registration fee for the Convention. An announcement to this effect has been published in the Chartered
Secretary (March 2007).
To conclude, let me reiterate that hard work followed by up to date knowledge and positive thinking will always
inspire you to achieve excellence in your professional career.
I quote Napoleon Hill who has said: Do not wait; the time will never be 'just right'. Start where you stand, and work
with whatever tools you may have at your command, and better tools will be found as you go along.

With best wishes,

Yours sincerely,

New Delhi (PREETI MALHOTRA)


March 12, 2007 president@icsi.edu

Student Company Secretary 4 March 2007


Article
UNION BUDGET 2007-08 HIGHLIGHTS
N K JAIN, FCS, SECRETARY & CEO, The ICSI

INTRODUCTION a base of 6% growth in the previous year. The Economic Survey points
Under pressure from sensitive inflationary build-up while being out low investment, imbalance in fertilizer use, low seeds replacement
allured by gratifying growth rate leading to buoyancy in revenue rate, a distorted incentive systems and a low post-harvest value addition
generation, the Finance Minister had an unenviable task in framing as the causal factors.
the Union Budget 2007-08. The major indicators in the pre-budget Poor agricultural performance could complicate maintenance of
Economic Survey were like the following: price stability with supply-side problems in essential commodities. India
has the potential to become a food mart to the world if post-harvest
Indicators 2005-06 2006-07 value addition through food processing industry and integration of the
GDP growth 9.0% 9.2% supply chain from the farm gate to the consumers plate are achieved.
But the budget could have taken much more positive measures to
Contribution by Services 55.10% of GDP achieve this.
Productivity in the agricultural sector has been stagnant. Rising
Contribution of Agriculture 18.5% of GDP nominal wages to agricultural labour feed into inflation. Hence drastic
Contribution by Mfg. 26.4% of GDP measures to increase agricultural productivity are required. Rising
wages in the manufacturing sector can be absorbed by higher
GD Capital Formation 33.8% of GDP 31.5% of GDP productivity. Therefore, raising agricultural productivity is necessary
to have inclusive growth with lower inflation. Agriculture and
Rate of Inflation 6.7% infrastructure particularly in rural areas, therefore, needed to be the
focal points of the budget. The funding of projects in these areas being
Average Inflation 5% made more attractive fell upon the budget as a major expectation.
Growth rate of M3 17% 21.1% Looking at declining contribution of agricultural sector, the Finance
Minister has introduced welcome measures to increase farm credit,
Foreign Exchange Reserves USD 165.3 USD 185.1 better irrigation facilities, accelerated rural development, water
billion Billion harvesting and effort to re-incarnate the green revolution of 1960s. In
order to sharpen the effectiveness of fertilizer subsidy he has initiated
Tax to GDP ratio 10.3% 11.2% the pilot programme for delivering the subsidy directly to the farmer.
But the budget has missed the opportunity to frame measures to add
The dynamics of the economy under constant pressure for various value in the supply chain as pointed out earlier.
kinds of reforms and the humdrum of the crying needs of the common
man require a different kind of marshalling. A budget that will balance IMPORT DUTIES
the different forces and factors, demands and drivers and the contrast The target was to have parity with the Asean Peak Import Duty
of growth without inflationary pressures was the need of the hour. His level of 8%. It was expected that the budget would bring down peak
dream budget of 1997 had become a constant reminder of heavy import duty from 12.5% to 10% if not to 8%; the Finance Minister has
expectations from the Finance Minister. Agriculture was proving to be fulfilled the expectation. But sharper cuts in customs duties on specific
a drag on economic growth and a push factor for the unwanted inflation. commodities like chemicals and plastics, coking coal, edible oils, prime
Declining productivity in agriculture required intensive and extensive steel etc. were prompted more by inflationary pressures than by fiscal
inputs and resources that would help agriculture to add value in order rationale. The Finance Minister could have, perhaps, taken into account
to bring down the inflationary pressures and also to achieve its potential. the time gap the domestic industry needs to adjust to the opening up
Expectations created by continuing integration of the economy with of the Indian economy.
the world economy called for substantive doses of investment and FINANCIAL SECTOR
upgradation in education and health care sectors.
In addition to the important legislative measures now before
On a first reading of the budget speech and measures announced Parliament, Government proposes to take a number of initiatives in
by the Finance Minister, it is difficult to evaluate all his policies and banking and insurance.
prescriptions in the light of the tormenting objective of sustaining growth Government proposes to acquire RBIs equity holding in State Bank
sans inflation. A birds eye view of the advances towards this objective of India. A sum of Rs.40,000 crore has been provided for this purpose,
that are major gains and shortfalls beating the expectations that are but the transaction will be deficit neutral to the Government.
the pains flowing from this budget is the aim of this article.
The Differential Rate of Interest (DRI) scheme provides finance at
FRBM ACHIEVEMENTS a rate of 4 per cent to the weaker sections of the community engaged
in gainful occupations. It is proposed to raise the limit of the loan from
Particulars Target Actual
Rs.6,500 to Rs.15,000 and the limit of the housing loan from Rs.5,000
Fiscal deficit 3.8% of GDP 3.7% of GDP to Rs.20,000 per beneficiary.
Regional Rural Banks (RRBs) have emerged as the third arm for
Revenue deficit 2.1% of GDP 2.0% of GDP delivering rural credit, and the RRBs are willing to take on greater
The Fiscal Responsibility and Budget Management Act set the responsibilities. The Committee on Financial Inclusion, chaired by Dr.
targets for reduction in the fiscal deficit and revenue deficit and thus C. Rangarajan, also made certain recommendations concerning RRBs.
far the Finance Minister has bettered his own projections. Thus, he It is therefore, proposed to:
has more than satisfied the reform enthusiasts at least on this count. l ask RRBs to undertake an aggressive branch expansion pro-
AGRICULTURE gramme and, in 2007-08, open at least one branch in the 80
uncovered districts of the country;
The lag in the agricultural sector is one of the major concerns that
the budget has addressed. Agriculture grew only at 2.7% in 06-07 on l extend the Securitisation and Reconstruction of Financial Assets

Student Company Secretary 5 March 2007


Article
and Enforcement of Securitisation of Interest (SARFAESI) Act to manner will become inflationary if the foreign exchange components
loans advanced by RRBs; of the infrastructure project like building roads is not high as it will
l permit RRBs to accept NRE/FCNR deposits; and increase currency supply in India.
l recapitalize, in a phased programme, the RRBs which have a The loans by RBI to the SPVs will be guaranteed by the Central
negative net worth. Government assuring the RBI a higher return than it would earn on an
average on the incremental investment.
The National Housing Bank (NHB) will shortly introduce a novel
product for senior citizens: a reverse mortgage under which a senior But will this measure be sufficient to satisfy the need of USD 320
citizen who is the owner of a house can avail of a monthly stream of billion as envisaged by the Economic Survey to finance infrastructure
income against the mortgage of his/her house, while remaining the requirements over the next five years? The obvious answer appears
owner and occupying the house throughout his/her lifetime, without to be in the negative. A big effort will be required to amass rupee
repayment or servicing of the loan. The finer details of the proposal resources to achieve the target.
will perhaps provide answers to the questions like income tax SOFT INFRASTRUCTURE
implications and enforceability of the mortgage. The Finance minister has also laid emphasis on soft infrastructure
Banks and housing finance companies that lend against mortgages through creation of Manpower Development Fund for software export
would have greater comfort if the mortgage can be guaranteed through companies, initiated implementation of Vocational Education Mission;
a three way contract among borrower, lender and guarantor. subsidized regularization of employment to physically challenged and
Regulations will be put in place to allow the creation of mortgage increased the allocation for e-governance.
guarantee companies. E-governance will prove a major boon to the administration of the
December 6, 2006 saw the launch of an exclusive health insurance Indian economy has been proved by the success of MCA 21 initiatives
scheme for senior citizens offered by National Insurance Company. of the Ministry of Company Affairs. More emphasis on e-governance
The other three public sector insurance companies have been asked will improve legal compliance management in India.
to offer a similar product to senior citizens, and they have agreed to Recognising the need for a reservoir of skilled and trained
do so in 2007-08. manpower and to take advantage of the demographic dividend thrown
The Micro Financial Sector (Development and Regulation) Bill as up by the increase in the working age population, the Finance Minister
well as a comprehensive Bill to amend the insurance laws will be has mooted public private partnership for vocational education
introduced in the Budget Session. programmes. He also proposes to upgrade around 1400 ITIs into
Financial inclusion is the process of ensuring access to timely and centers of excellence in specific trades and skills under PPP model
adequate credit and financial services by vulnerable groups at an setting aside Rs. 750 crore for this purpose.
affordable cost. The Finance Minister has relied upon the interim report DIRECT TAXES
of the Committee on Financial Inclusion. Awaiting the final report, the Emphasising moderate tax regime, the Finance Minister has
Government has decided to implement, immediately, two postponed the comprehensive review of the current slabs and the
recommendations. The first is to establish a Financial Inclusion Fund rates of personal income tax till the proposed Income Tax code which
with NABARD for meeting the cost of developmental and promotional will be introduced in the Parliament in 2007. Yet, he has increased
interventions. The second is to establish a Financial Inclusion the threshold limit of exemption by Rs. 10,000/- for all categories of
Technology Fund to meet the costs of technology adoption. Each fund assesses.
will have an overall corpus of Rs. 500 crore, with initial funding to be
contributed by the Central Government, RBI and NABARD. The Finance Bill proposes to allow payment of medical insurance
premia by any mode except cash. The maximum amount allowable
EXCHANGEABLE BONDS as deduction under Section 80-D of IT Act will be Rs. 15,000 for
The Financial Dictionary defines exchangeable bonds as an issue effecting medical insurance on the health of the assessee or any
giving the bondholder the right to exchange the issue for a specified member of his family, in the case of an individual and HUF. For senior
number of common stock shares of a corporation different from the citizens the deductible amount will be upto Rs. 20,000. The amendment
issuer of the bond. In other words, EB gives the bondholder a right to will take effect from assessment year 2008-09. By proposed
exchange the bond for shares of a company, which is different from amendment to Section 40A any expenditure incurred by the assessee
the issuing company. This can be done by any entity, which holds a for which a payment exceeding Rs. 20,000 is made otherwise than by
substantial stake in another company. EBs allow companies to raise account payee cheque or bank draft, no deduction will be allowed in
funds and potentially sell the holding at a premium over the current respect of such expenditure. Further, where a deduction has been
market price. Companies can also retain ownership and voting rights allowed earlier in respect of any liability incurred by the assessee and
on the underlying holding shares till the future date when the investors subsequently the assessee makes payment in respect thereof
exchange bonds into shares. otherwise than by an account payee cheque or bank draft, the payment
Thus, Central and State Governments, corporates and financial so made shall be deemed to the the profits and gains of business or
institutions will get a new instrument that will allow them to raise capital profession if the amount of the payment exceeds Rs. 20,000.
by unlocking value in their strategic holdings in other companies. Big Exceptions are carved out in cases and circumstances as may be
and reputed companies can use the money to fund major acquisitions prescribed.
and green field ventures like retailing. EBs is a tool to monetise stakes In respect of corporate income tax, for small and medium
in other group companies enabling the holding companies to use large enterprises, there will be no surcharge on income tax on all firms and
illiquid holdings to raise funds for future programmes without selling companies with a taxable income of Rs. One crore or less.
their stakes in the secondary market. For cooperative banks, the deductions under section 36(1)(viia)
INFRASTRUCTURE and section 36(1)(viii) will be available. For any provisions for any bad
The much awaited innovative thinking to utilize burgeoning foreign and doubtful debts, a cooperative bank, primary agricultural credit
exchange reserves to finance infrastructure has found expression in society and primary cooperative agricultural and rural development
this budget. The budget floats a plan to incorporate abroad two wholly bank will get a deduction upto 7-1/2% of the total income and an amount
owned subsidiaries of India Infrastructure Finance Company. They not exceeding 10% of the aggregate average advances by the rural
will act as special purpose vehicles to borrow from RBI and lend to branches. For any special reserve created and maintained by such
Indian companies to finance infrastructure projects like power, ports banks, a deduction of an amount not exceeding 20% of the profits of
and roads. The proposal to use the foreign exchange reserves in this eligible business carried to such reserve account will be available.

Student Company Secretary 6 March 2007


Article
The budget has extended Minimum Alternate Tax under section announced reduction of Central Sales Tax from 4% to 3% with a view
115JB to the income eligible for deduction under section 10A[FTZ to eventually abolishing it.
units] and 10B [EOUs]. Thus, the amount of income to which any of On all taxes, direct or indirect, the additional secondary and higher
the provisions of section 10A or 10B apply shall not be reduced from education cess of 1% will be levied. The total cess will, thus, go to 3%
the book profit for calculating minimum alternate tax. of total tax and surcharge.
The Finance Bill also proposes to provide exemption to income by CONCLUSION
way of contributions received from commodities exchanges and the
members thereof by the Investor Protection Fund set up by The Finance Minister faced gigantic challenges in the preparation
Commodities Exchanges in India. The proposal extends the exemption of the budget. The challenges required dynamic, visionary and path-
available to Investor Protection Fund set up recognized by Stock breaking solutions. But the budget exercise has, it appears, ignored
Exchanges. several opportunities in introducing this dynamism and vision in tackling
the problems, although, the effort, in terms of gross budgetary support
In the case of a company engaged in the business of biotechnology to Central Plan increasing the allocation from Rs. 1,54,939 crore to
or of manufacture or production of any drugs, pharmaceuticals, Rs. 2,05,100 crore, was monumental.
electronic equipments etc. a deduction of a sum equal to 150 per cent
of the expenditure incurred on scientific research is available. This Expectations about the budget are always far, many and, sometimes
will now be extended upto 31st March 2012 i.e. including assessment even wild. But even if many would say that the budget has held back
year 2012-13. on many counts, we should read the message behind the budget.
The message is loud and clear that the Indian industry is fine and has,
By amending section 115WB the definition of fringe benefits and thankfully, matured. It does not any more need Government support.
deemed fringe benefits is also extended to include any specified It has come of age and is able to stand on its own feet. In the years to
security or swat equity shares allotted or transferred by the employer come, on the basis of the strengths it has built, it will surely contribute
free of cost or at concessional rate to his employees and former its mite to the Indian economy.
employees. The new section will provide that the fair market value of
the security on the date of exercise of the option by the employee as The industry seems to have taken it well in its stride, as a healthy
reduced by the amount actually paid by, or recovered from the rural and agricultural ecosystem would be beneficial in terms of demand
employee in respect of such security shall be the value of fringe for goods and services in the long run.
benefits. However, the budget could have addressed the larger picture and
The Dividend Distribution Tax under section 115-O any amount pushed the reform agenda encouraging savings, streamlining supply
declared, distributed or paid by a domestic company by way of chain management and speeding up infrastructure development.
Overall, it appears the budget is, both, a little sweet and a little sour.
dividends, whether interim or otherwise, and whether out of current or
accumulated profits, an additional income tax of 15% instead of 12-1/
2% on such distributed profits is proposed to be charged.
INDIRECT TAXES ATTENTION
On the Service Tax front, goaded by the exuberance in the services
sector he has managed to maintain stability in tax rates while widening
STUDENTS!
the service tax net and at the same time raising the exempt threshold
of gross turnover in services from Rs. 4 lacs to Rs. 8 lacs. Yet, he has
failed to grant full level playing field to Practising Company Secretaries TRAINING
along with other brother professionals vis--vis lawyers in spite of strong
It has been observed that the students opting for
representations for such a step.
undergoing 15 months training with Company Secretaries
On the CENVAT front also he has maintained stable tax structure, in whole-time Practice are submitting the Contract of
although, certain measures like differential excise duty on cement sold Apprenticeship and other relevant documents and
at more than Rs.190 per bag have reinforced complications in the tax registration fees to the Institute after a considerable period
regime. of time.
Apart from the changes in the rates of duty of Excise and Customs,
the respective laws will also undergo amendments. An application for
As per the Training Guidelines, the students should
refund of duty is to be filed before expiry of one year from the relevant
submit the underlisted documents within 15 days from the
date. Relevant sections will be amended to provide that the relevant commencement of training to enable the institute to take
date for the purpose of refund of duty in consequence of any judgement, their training on record with effect from the date of execution
decree, order or direction of Appellate Authority, Tribunal or any court of Contract.
shall be the date of such judgement, etc. (i) Contract of Apprenticeship in duplicate on a non-judi-
For filing an application for advance ruling, it is being clarified that cial stamp paper of requisite value as applicable to the
joint venture in India will mean a venture in which at least one of the particular State, where the contract is executed.
participants, partners or equity holders shall be a non-resident having The Contract should be executed by both the par-
a substantial interest in the joint venture or exercising control over it. ties viz., the trainee and the Company Secretary in
For filing an application before Settlement Commission, the whole-time Practice.
applicant shall be eligible in respect of cases in which he admits short
levy on account of misclassification, under-valuation, inapplicability of
(ii) Statement of Particulars to be submitted in duplicate
exemption notification or CENVAT credit but not in respect of goods for registration as a trainee (Part A & B).
for which he had not filed a return. While filing any application, he (iii) Rs. 50/- being the Registration Fee.
shall deposit the additional amount of duty accepted by him alongwith
stipulated interest due thereon. If the aforesaid documents/information is not received
within the stipulated time, the training shall not be taken on
Going forward with the proposal to introduce national goods and record.
service tax with effect from 1st April, 2010, the Finance Minister has

Student Company Secretary 7 March 2007


Academic Guidance
Held:
ACADEMIC GUIDANCE The primary duty of those in uniform is to uphold law and order and
protect the citizen. If members of a Police force resort to illegal
GENERAL AND COMMERCIAL LAWS
LAWS abduction and assassination, if other members of that police force do
not record and investigate complaints in this behalf for long periods of
RIGHT TO LIFE AND PERSONAL LIBERTY1 time, if those who had been abducted are found to have been unlawfully
The right to life and personal liberty is the most fundamental of all detained in police stations in the State concerned prior to their probable
the fundamental human rights. It is one of the most essential basic assassination, the case is not one of errant behaviors by a few
human rights in a democratic state. The right to life does not mean a members of that Police force. It betrays scant respect for the life and
mere physical existence or the right to live a lifeless life. The right to liberty of innocent citizens and exposes the willingness of others in
life includes the right to live with human dignity and all that goes uniform to lend a helping hand to one who wreaks private vengeance
alongwith it, namely, the basic necessities of life such as adequate on mere suspicion. The Punjab Police as a whole merit the Supreme
nutrition, clothing and shelter over the head and facilities for reading, Courts disapprobation, the Crime Branch thereof a word of praise.
writing an expressing oneself in diverse forms, freely moving about The Supreme Court has in recent times come across far too may
and mixing and commingling with fellow human beings. Article 21 of instances where the Police have acted not to uphold the law and protect
our Constitution has not only ensured right to life but right to personal the citizen but in aid of a private cause and to oppress the citizen. The
liberty also; and nobody can be deprived of these except according to DGP, Punjab is expected to take a serious view of such cases. The
the procedure established by law. The creativity of the Indian judicial Home Department of the Central Govt. cannot also afford to appear to
system has been at its best whenever it was called to interpret Article be a helpless spectator.
21, except perhaps during the short interregnum of the emergency
rule. The Supreme Court played the role of a crusader of peoples When the Police force of a State acts as the Punjab Police has in
liberty and introduced reasonableness, fairness and justness in the this case, the State whose arm that force is must bear the
procedure under procedure established by law. Reasonableness consequences. It must do so in token of its failure to enforce law and
under Article 21 widened its scope and provided impetus to bring in order and protect its citizens and to compensate in some measure
fairness in number of fields. Wide dimension given to this right now those who have suffered by reason of such failure. The State of Punjab
covers various aspects which the framers of the Constitution might or is directed to pay to the legal representatives of each of the said seven
might not visualize e.g. right to : privacy, travel abroad, livelihood, persons an amount of Rs.1.50 lakhs within 2 weeks. Later, when the
prisoners, health, timely medical aid, free legal aid, speedy trial, live in guilty are identified, the State should endeavor to recover the said
healthy environment, shelter, education, affirmative action and amount which is the taxpayers money.
compensation for violation of right to life and personal liberty. The prosecution of those must be started expeditiously who have
Although students are familiar with important judgements on Article been charge-sheeted in connection with the abduction and
disappearance of the said seven persons. The court trying the accused
21, nevertheless they should be well versed with the other judicial
is cautioned that it should decide the case on the evidence that may
pronouncements that have expanded the dimensions of Article 21
be laid before it without being unduly influenced by what has been
considerably. Keeping that objective in mind, other important said in this Order.
judgements of the Supreme Court are given in detail herein below for
the information of the students. Disciplinary inquiries must be started against accused persons as
also the SSP and DIG concerned. Others responsible for delaying the
1. Supreme Court Legal Aid Committee Through its Hony. registration of the complaint and inquiry thereon must also be identified
Secretary v. State of Bihar & Others, (1991) 3 SCC 482 and proceeded against.The State of Punjab shall pay to the petitioner
Facts: the costs of the writ petition, quantified at Rs.25, 000/-.
This was a Public Interest Litigation (PIL) under Article 32 seeking 3. Arvinder Singh Bagga v.State of UP and Others, (1995) Supp
enforcement of fundamental right under Article 21. In this petition the (3) SCC 716
issue raised was negligence and failure to give proper medical aid to Facts:
an injured person taken in police custody resulting in his death. In his A girl was in police custody and a writ petition for habeas corpus
affidavit the Dy. S.P. indicated that timely medical care by the concerned was filed in the Supreme Court.
police official would have saved the life of the victim.
Held:
Held:
We have heard learned counsel of both the sides. At the time the
It is the obligation of the police particularly after taking a person in petition was moved, the girl was in police custody. She has since
custody to ensure appropriate protection of the person taken into been released. But, we are afraid, this cannot be the end of the matter.
custody including medical care if such person needs it. The Court The writ petition shall continue as one for qualified habeas corpus for
directed the State to pay a compensation of Rs. 20,000/- within 3 examining the legality of the detention for determining whether the
months. petitioner is entitled to be compensated for the illegal detention as a
2. Inder Singh v. State of Punjab and Others, (1995) 3 SCC 702 public law remedy for violation of her fundamental rights under Article
21 of the Constitution, quite apart from criminal or civil liability which
Facts: may be pursued in the ordinary course.
This writ petition was filed alleging the abduction and elimination 4. Peoples Union for Civil Liberties v. Union of India and
of seven persons by police team led by Dy.S.P. by misusing official Another, (1997) 3 SCC 433.
machinery to wreak private vengeance. Director C.B.I. submitted
Facts:
Report after investigation as per the orders of the Supreme Court.
The glaring inaction and indifferent attitude of senior officials as The writ petition alleged that in the State of Manipur, two persons
mentioned in the C.B.I. Report was like this SSP taking no action on along with some others were just seized from a hut and taken away to
the complaint for two months and DIG sitting on it for 8 months and a long distance by the Police and were shot there.
only crime branch charge sheeting the accused persons and matter Held:
was never brought to the knowledge of the DGP. It is true that Manipur is a disturbed area, that there appears to be
a good amount to terrorist activity affecting public order and, may be,
1. Prepared by Archana Kaul, Assistant Director , The ICSI. even security of that State. It may also be that under these conditions,

Student Company Secretary 8 March 2007


Academic Guidance
certain additional and unusual power have to be given to the Police to to the Clearing House and then to the drawee branches with digital
deal with terrorism with a strong hand which may involve vesting of signatures of the presenting bank. Thus each image carries the digital
good amount of discretion in the Police Officers or other paramilitary signature, apart from the physical endorsement of the presenting bank,
forces engaged in fighting them. Police cannot wait till they are shot in a prescribed manner.
at. It is for the force on the spot to decide when to act, how to act and HOW IS IT PROPOSED TO IMPLEMENT CHEQUE
where to act. It is not for the Court to say how the terrorists should be TRUNCATION?
fought. The Court cannot be blind to the fact that even after fifty years
of our independence, our territorial integrity is not fully secure. There RBI proposed to implement the project on a PILOT basis in the
are several types of separatist and terrorist activities in several parts National Capital Region (NCR), New Delhi. Based on the experienced
of the country. They have to be subdued. Whether they should be gathered, it would consider extending the coverage to other centres.
fought politically or be dealt with by force is a matter of policy for the In the process of implementation, banks have been given the
Government to determine. The Courts may not be the appropriate freedom to decide the point of truncation. RBI would be installing an
forum to determine those questions. But the present case appears to interface with its system (CHI) at the service branches of banks, who
be one where two persons along with some others were just seized are members of New-Delhi Bankers Clearing House.
from a hut, taken to a long distance away in a truck and shot there. Banks have to decide the point of truncation and have to ensure
This type of activity cannot certainly be countenanced by the Courts that the images are digitally signed after their capture. It would flow
even in the case of disturbed areas. If the Police had information that thereafter to the interface (CHI) provided by RBI, from where the images
terrorists were gathering at a particular place and if they had surprised would flow to the clearing House with the digital signatures of the
them and arrested them, the proper course for them was to deal with banks. These digitally signed images would reach the service branches
them according to law. Administrative Liquidation was certainly not a of the drawee branches clearing house interface. The service branches
course open to them. have to ensure that these images are moved across their branches to
In such cases award of compensation is a remedy available in ensure their processing.
public law based on strict liability for contravention of fundamental PROCESS FLOW ENVISAGED IN THE CTS
rights. Rupees one lakh be given as compensation to the families of
each of the deceased. The same be paid by Government of Manipur. The CTS project envisages a safe, secured, faster and effective
The petitioners shall be entitled to the costs of writ petition, assessed system for clearing of the cheques. In the CTS the presenting bank will
at Rs.10,000.00/-. capture the data & images of the cheques using their Capture System
which is internal to them. They have to meet the specifications and
FINAL COURSE standards prescribed for data and images. To ensure security, safety
and non-repudiation the PKI (Public Key Infrastructure) is being
BANKING AND INSURANCE LAW AND
LAW implemented across the system. The banks will send the captured
PRACTICE images and data to the central clearing house for onward transmission
to the payee/drawee banks. For that purpose RBI will be providing the
CHEQUE TRUNCATION PROJECT IN THE NATIONAL banks software called the Clearing House Interface (CHI) that will enable
CAPITAL REGION2 them to connect and transmit data in a secure way and with non-
(Source: www.rbi.org.in) repudiation to the Clearing House (CH). The Clearing House will process
the data and arrive at the settlement figure for the banks and send the
CHEQUE TRUNCATION required data to payee/drawee banks for processing at their end. The
Truncation is the process of stopping the flow of the physical cheque drawee/payee banks will use the same CHI mentioned earlier for
issued by a drawer to the drawee branch. An electronic image of the receiving the data and images from the Clearing House. It will be the
cheque is sent to the drawee branch along with the relevant information responsibility of the drawee bank Capture System to process the inward
like the MICR fields, date of presentation, presenting bank etc. This data and images and generate the return file for unpaid instruments.
reduces the time required for payment of cheques, the associated WHO CAN PARTICIPATE IN THE CHEQUE TRUNCATION
cost of transit and delay in processing, etc., thus speeding up the SYSTEM?
process of collection or realization of the cheques.
The criteria for banks participating in the Cheque truncation system
NEED FOR CHEQUE TRUNCATION IN INDIA are:
Cheque Truncation speeds up collection of cheques and therefore i. Membership of the clearing house in the NCR.
enhances customer service, reduces the scope for clearing related ii. Membership of the Indian Financial Network (INFINET)
frauds, minimizes cost of collection of cheques, reduces reconciliation
problems, eliminates logistics problems etc. With the other major HOW THE NON-INFINET MEMBER BANKS CAN
product offering in the form of RTGS, the Reserve Bank created the PARTICIPATE IN THE CTS?
capability to enable inter-bank payments online real time and facilitate In respect of banks who are not members of the INFINET, the
corporate customer payments. The other product, National Electronic following alternatives are available:
Funds Transfer, is an electronic credit transfer system. However, to (a) They may become the sub-members of the direct members, or
wish away cheques is simply not possible and that is the reason why
the RBI decided to focus on improving the efficiency of the Cheque (b) Such banks may use the infrastructure of the other banks having
Clearing Cycle. Cheque Truncation is the alternative. Moreover contrary INFINET membership without being the INFINET members them-
to perceptions, Cheque Truncation is a more secure system than the selves and there clearing settlement can be done either directly
current exchange of physical documents in which the cheque moves or through the member through whom they are participating.
from one point to another, thus, not only creating delays but IMAGE SPECIFICATIONS IN THE CTS
inconvenience to the customer in case the instrument is lost in transit Electronic images of truncated cheques are in gray scale
or manipulated during the clearing cycle. technology. There are three images of the cheques i.e. front grey,
HOW THE UNIQUENESS OF THE CHEQUE WOULD BE front black & white and back black & white which are made available
IMPARTED TO THE IMAGE? to member banks.
The images captured at the presenting bank level are transmitted WHAT TYPE OF CHEQUES CAN BE PRESENTED IN THE CTS?
All the local cheques can be presented in the CTS. Banks may also
2. Compiled by Saurabh Jain, Education Officer, The ICSI present cheques on banks situated outside the NCR, but such banks

Student Company Secretary 9 March 2007


Academic Guidance
need to have branches in the NCR region. The CTS also supports the (iv) which does not have borrowings (including public de-
intercity clearing and specialized clearing like high value clearing etc. posits) in excess of rupees ten crore at any time during
WHAT ARE THE PRECAUTIONS REQUIRED TO BE TAKEN the immediately preceding accounting year; and
BY THE BANK CUSTOMERS TO AVOID FRAUDS? (v) which is not a holding or subsidiary company of a com-
pany which is not a small and medium-sized company.
Bank customers should use image friendly cheques. They should
Explanation: For the purposes of clause (f), a company shall qualify
preferably use dark coloured ink while drawing the instruments. Care
as a Small and Medium Sized Company, if the conditions mentioned
should be exercised in the use of rubber stamp, so that it would not
therein are satisfied as at the end of the relevant accounting period.
interfere with the material portions of the cheque. The date of the
cheque, payees name, amount and signature are the basic features (2) Words and expressions used herein and not defined in these
which are essential in a cheque. The use of rubber stamps, etc. should rules but defined in the Act shall have the same meaning
not overshadow the clear appearance of these basic features in image. respectively assigned to them in the Act.
In order to ensure that all essential elements of a cheque are captured 3. Accounting Standards.
in an image during the scanning process, bank customers have to (1) The Central Government hereby prescribes Accounting
exercise appropriate care in this regard. Standards 1 to 7 and 9 to 29 as recommended by the Institute
of Chartered Accountants of India, which are specified in
BENEFITS OF CHEQUE TRUNCATION TO CUSTOMERS OF the Annexure to these rules.
BANKS
(2) The Accounting Standards shall come into effect in respect
a) Faster clearing cycle of accounting periods commencing on or after the publica-
b) Better reconciliation/verification process tion of these Accounting Standards.
c) Better Customer Service. 4. Obligation to comply with the Accounting Standards.-
d) T+0 for Local Clearing and T + 1 for inter-city clearing. (1) Every company and its auditor(s)shall comply with the Ac-
e) Elimination of Float - Incentive to shift to Credit Push payments counting Standards in the manner specified in Annexure to
f) The jurisdiction of Clearing House can be extended to the these rules.
entire country - No Geographical Dependence
(2) The Accounting Standards shall be applied in the prepa-
g) Operational Efficiency will benefit the bottom lines of banks
ration of General Purpose Financial Statements.
Local Clearing activity is a high cost no revenue activity
h) Minimises Transaction Costs 5. An existing company, which was previously not a Small and Me-
i) Reduces operational risk by securing the transmission route. dium Sized Company (SMC) and subsequently becomes an SMC,
shall not be qualified for exemption or relaxation in respect of
COMPANY LAW/COMPANY ACCOUNTS Accounting Standards available to an SMC until the company
remains an SMC for two consecutive accounting periods.
MINISTRY OF COMPANY AFFAIRS
[No. 1/3/2006/CL-V]
NOTIFICATION
JITESH KHOSLA, Jt. Secy.
New Delhi, the 7th December 2006
ANNEXURE(See rule 3)
ACCOUNTING STANDARDS
STANDARDS ACCOUNTING STANDARDS
G.S.R. 739 (E). In exercise of the powers conferred by clause (a) A. General Instructions
of sub-section (1) of section 642 of the Companies Act, 1956 (1 of
1956), read with sub-section (3C) of section 211 and sub-section (1) 1. SMCs shall follow the following instructions while complying with
of section 210A of the said Act, the Central Government, in consultation Accounting Standards under these rules:-
with National Advisory Committee on Accounting Standards, hereby 1.1 the SMC which does not disclose certain information pursuant
makes the following rules, namely:- to the exemptions or relaxations given to it shall disclose (by
1. Short title and commencement. way of a note to its financial statements) the fact that it is an
(1) These rules may be called the Companies (Accounting SMC and has complied with the Accounting Standards insofar
Standards) Rules, 2006. as they are applicable to an SMC on the following lines:
(2) They shall come into force on the date of their publication in The Company is a Small and Medium Sized Company
the Official Gazette. (SMC) as defined in the General Instructions in respect of
2. Definitions.- In these rules, unless the context otherwise requires,- Accounting Standards notified under the Companies Act,
(a) Accounting Standards means the Accounting Standards 1956. Accordingly, the Company has complied with the Ac-
as specified in rule 3 of these rules; counting Standards as applicable to a Small and Medium
(b) Act means the Companies Act, 1956 (1 of 1956); Sized Company.
(c) Annexure means an Annexure to these rules; 1.2 Where a company, being a SMC, has qualified for any ex-
(d) General Purpose Financial Statements include balance emption or relaxation previously but no longer qualifies for
sheet, statement of profit and loss, cash flow statement the relevant exemption or relaxation in the current account-
(wherever applicable), and other statements and explanatory ing period, the relevant standards or requirements become
notes which form part thereof. applicable from the current period and the figures for the
(e) Enterprise means a company as defined in section 3 of corresponding period of the previous accounting period need
the Companies Act, 1956. not be revised merely by reason of its having ceased to be
(f) Small and Medium Sized Company (SMC) means, a an SMC. The fact that the company was an SMC in the pre-
company vious period and it had availed of the exemptions or relaxa-
(i) whose equity or debt securities are not listed or are not tions available to SMCs shall be disclosed in the notes to
in the process of listing on any stock exchange, whether the financial statements.
in India or outside India; 1.3 If an SMC opts not to avail of the exemptions or relaxations
(ii) which is not a bank, financial institution or an insurance available to an SMC in respect of any but not all of the
company; Accounting Standards, it shall disclose the standard(s) in
(iii) whose turnover (excluding other income) does not ex- respect of which it has availed the exemption or relaxation.
ceed rupees fifty crore in the immediately preceding 1.4 If an SMC desires to disclose the information not required to
accounting year; be disclosed pursuant to the exemptions or relaxations avail-

Student Company Secretary 10 March 2007


Academic Guidance
able to the SMCs, it shall disclose that information in com-
pliance with the relevant accounting standard. HIGHLIGHTS OF THE ECONOMIC
1.5 The SMC may opt for availing certain exemptions or relaxa- SUR VEY 2006-073
SURVEY
tions from compliance with the requirements prescribed in
an Accounting Standard: INDUSTRIAL GROWTH
Provided that such a partial exemption or relaxation and Overall index of six core industries electricity, coal, steel, crude oil,
disclosure shall not be permitted to mislead any person or public. petroleum refinery products and cement having a direct bearing on
2 Accounting Standards, which are prescribed, are intended to be infrastructure registered a growth of 8.3 per cent in April-December,
in conformity with the provisions of applicable laws. However, if 2006 as compared to 5.5 per cent registered during corresponding period
due to subsequent amendments in the law, a particular account- of last year. According to the Economic Survey 2006-07 tabled in
ing standard is found to be not in conformity with such law, the Parliament on 27th February 2007, crude petroleum, refinery products
provisions of the said law will prevail and the financial statements and electricity generation registered an acceleration in their growth rates
shall be prepared in conformity with such law. in the first nine months of 2006-2007. However, there was a decline in
growth rates of coal, cement and finished steel during this period.
3 Accounting Standards are intended to apply only to items which
are material. The Survey states that provision of quality and efficient infrastructure
services is essential to realise the full potential of growth impulses
4 The accounting standards include paragraphs set in bold italic type surging through the economy. It mentions that an investment of Rs.
and plain type, which have equal authority. Paragraphs in bold italic 14,50,000 crore would be required in the infrastructure during the 11th
type indicate the main principles. An individual accounting standard five-year plan. These investments are to be achieved through a
shall be read in the context of the objective, if stated, in that account- combination of public investment, public-private-partnerships and
ing standard and in accordance with these General Instructions. exclusive partnerships wherever feasible.
B. ACCOUNTING STANDARDS In the Power sector, the Survey states, the growth of power
Accounting Standard Description generation in April-December 2006 was at 7.5 per cent as compared
to 4.8 per cent in the corresponding period of last year. During April-
Notification G.S.R. 739(E) December 2006, the Plant Load Factor (PLF) of the Central Sector
dated 07.12.2006 Plants was higher than that of State Electricity Boards. Average PLF
Accounting Standard (AS) 1 Disclosure of Accounting of private plants was higher than that of public sector. The Ministry of
Policies Power has launched an initiative for development of coal-based Ultra-
Accounting Standard (AS) 2 Valuation of Inventories Mega Power Projects (UMPPs) in the country each with a capacity of
Accounting Standard (AS) 3 Cash Flow Statements 4000 mega watts or above. Nine sites have been identified by the
Accounting Standard (AS) 4 Contingencies and Events Central Electricity Authority (CEA) in nine States for the proposed
Occurring After the Balance UMPPs. The Survey recognizes the importance of formation of a strong
Sheet Date National power grid for development of power system for cost-effective
Accounting Standard (AS) 5 Net Profit or Loss for the Period, fulfillment of the objective of Electricity to All at affordable prices. It
Prior Period Items and further states that a strong all-India grid would enable exploitation of
Changes in Accounting Policies unevenly distributed generation resources in the country to their
Accounting Standard (AS) 6 Depreciation Accounting optimum potential.
Accounting Standard (AS) 7 Construction Contracts The Survey mentions that Indias Telecom sector has been one of
Accounting Standard (AS) 9 Revenue Recognition the biggest success stories of the market oriented reforms and the
Accounting Standard (AS) 10 Accounting for Fixed Assets country is now amongst the fastest growing telecom markets in the
Accounting Standard (AS) 11 The Effects of Changes in World. As a result of various policy initiatives, telecom tariffs which were
Foreign Exchange Rates
among the highest in the world less than 4 years ago have now dipped
Accounting Standard (AS) 12 Accounting for Government
to be among the lowest. Tele-density also increased from 12.7 per cent
Grants
Accounting Standard (AS) 13 Accounting for Investments in March 2006 to 16.8 per cent in December 2006. About 5 million
Accounting Standard (AS) 14 Accounting for Amalgamations subscribers are being added every month. With this growth, the number
Accounting Standard (AS) 15 Employee Benefits of telephones is expected to reach 250 million by end of 2007. The
Accounting Standard (AS) 16 Borrowing Costs Survey observes that there is a need to increase the broadband
Accounting Standard (AS) 17 Segment Reporting connectivity for knowledge-based society to grow quickly and for reaping
Accounting Standard (AS) 18 Related Party Disclosures the consequent economic opportunities. The total Foreign Direct
Accounting Standard (AS) 19 Leases Investment (FDI) approved and actual inflow upto July 2006 were Rs.
Accounting Standard (AS) 20 Earnings Per Share 38,923.38 crore and Rs. 11,801.46 crore respectively. The Universal
Accounting Standard (AS) 21 Consolidated Financial Service Obligation (USO) Fund is also proposed to be used for creating
Statements infrastructure for mobile and broadband services in rural areas. With a
Accounting Standard (AS) 22 Accounting for Taxes on view to meeting the demand for telecom equipment in the country, a
Income proposal for setting up Telecom Equipment and Services Export
Accounting Standard (AS) 23 Accounting for Investments in Promotion Council and Telecom Testing and Security Certification Centre
Associates in Consolidated is in the pipeline, the Survey adds. With these initiatives, India is expected
Financial Statements to become a manufacturing hub for telecom equipment.
Accounting Standard (AS) 24 Discontinuing Operations In Road sector, the Survey states that 6,776 km of national highways
Accounting Standard (AS) 25 Interim Financial Reporting pertaining to the National Highways Development Project (NHDP) with
Accounting Standard (AS) 26 Intangible Assets the bulk of 5,475 km lying on the Golden Quadrilateral (GQ) was
Accounting Standard (AS) 27 Financial Reporting of completed till 30th November, 2006. Listing out the constraints faced
Interests in Joint Ventures in the timely completion of NHDP projects, the Survey states that merely
Accounting Standard (AS) 28 Impairment of Assets 93 per cent works on GQ have been completed by November 2006
Accounting Standard (AS) 29 Provisions, Contingent and North-South and East-West corridors are expected to be completed
Liabilities and Contingent
Assets 3. PIB Press Releases dated 27.02.2007

Student Company Secretary 11 March 2007


Academic Guidance
by December 2009. The Survey says that a substantial impact upon sector front continues to be slow, says the Survey. The Survey feels that
the economy is already visible with the completion of about 93 per the paramount need is for making rapid strides in living standards, health,
cent of GQ. There is a need to focus attention on corridor management education, general justice, welfare and the development of scheduled
and road safety and the National Highway Authority of India (NHAI) castes, scheduled tribes and other backward classes.
has already put in place a Corridor Management Policy. With a view to The Survey pointed out that the Central Government expenditure
encouraging participation of the private sector, the Department of Road on social services including rural development has gone up consistently
Transport and Highways has laid down comprehensive policy over the years, increasing from Rs. 18,240 crore in 1995-96 to Rs.
guidelines in this regard. It has also been decided that all the sub- 87,607 crore in 2006-07 (BE).
projects in NHDP Phase-III to Phase-VII would be taken on the basis
of public private partnership on Build Operate and Transfer mode. The Survey feels that the sustained and high levels of economic
The private sector participation envisaged in Phase-II of NHDP has growth in recent years provide a unique opportunity and momentum
also been increased, the Survey adds. for faster social sector development. The buoyant economy should
The Survey states that operation and management and not only generate adequate employment but also provide adequate
development of Airports at Delhi and Mumbai were handed over to and need based resources for large interventions in the critical areas
joint venture companies for its modernisation and upgradation. of social sector. The recent resurgence of manufacturing also bodes
Construction work at Greenfield airports of international standards at well for employment generation.
Hyderabad and Bangalore is in progress. The two airports are likely to However, the Survey points out that availability of resources alone
be operational by the middle of 2008. The State governments are will not guarantee faster social sector development. Efficacy of the
encouraged to set up Greenfield airports with private sector programmes will depend a lot on the manner in which States implement
participation. Proposal to set up Greenfield airports in Navi Mumbai, various social sector programmes, these primarily being the domain
Kannor in Kerala, Goa and Pakyong near Gangtok in Sikkim are in the of the states. Time bound achievements of the physical targets will
pipeline. Airports Authority of India (AAI) has decided to develop and depend a lot on the capacity mobilization of the States at various levels.
modernize 35 non-metro airports in the country. The Committee on Accountability and transparency, especially through the Panchayati
Infrastructure has approved the report of the task force for the Raj Institutions (PRIs), need to be emphasized to ensure good
development of 35 non-metro airports. The Survey mentions that the governance and delivery of quality services through public action for
policy initiatives have had a marked impact upon airline traffic. During most social sector programmes. Capacity building of PRIs themselves
the period April-September, 2006 international and domestic is a critical factor to achieve these objectives. States must ensure
passengers recorded growth of 15.8 per cent and 44.6 per cent availability of adequate and skilled manpower for PRIs which is crucial
respectively leading to an overall growth of 35.5 per cent. for effective implementation of various social sector schemes.
Regarding urban infrastructure, the Survey states that the Jawaharlar Monitoring the progress through the outcome budget along with the
Nehru National Urban Renewal Mission (JNNURM) was launched to Right to Information Act is also necessary.
encourage cities to initiate steps to bring about improvement in the EMPLOYMENT
existing service levels. A provision of Rs. 50,000 crore has been agreed
to as central assistance for JNNURM for a period of 7 years beginning The Survey points out a reversal of the declining trend in
from 2005-06. An amount of Rs. 2,500 crore has also been provided in employment growth from an annual 2.1 percent in the 10 years ending
the year 2006-07 for the sub-mission on Urban Infrastructure and 1993-94 to 1.6 percent in the five years ending 1999-2000 to 2.5 percent
Governance. Recognizing the urban transport as one of the key elements in the five years ending 2004-05.
of the urban infrastructure, the Survey states that a National Urban Calling this trend an encouraging development it nevertheless adds
Transport Policy has been formulated with the objective of ensuring that there is need for faster employment growth for not only absorbing
easily accessible, safe, affordable, quick, comfortable, reliable and the addition to the labour force, with the ongoing demographic changes
sustainable mobility for all. but also reducing the unemployment rate. The Survey highlights that
With a view to bridging the infrastructure deficit in the country, the while employment has grown faster than before rate of unemployment
Survey mentions that government is actively pursuing Public Private also went up marginally from 2.8 percent to 3.1 percent during 1999-
Partnership (PPP). Several initiatives have been taken during the last 2000 to 2004-05. This, the Survey feels, is because of the slowing down
three years to promote PPP in the sectors like Power, Ports, Highways, of growth of agriculture. The share of agriculture in total employment
Airports, Tourism and Urban infrastructure. Under the overall guidance has come down from 61.67 percent in 1993-94 to 54.19 percent in
of the Committee of Infrastructure headed by the Prime Minister, the 2004-05. With the declining share of agriculture in GDP, the scope for
PPP programme has been finalized and implementation of various absorbing substantial additional labour force in agriculture appears
schemes is being closely monitored by the Ministries/Departments limited. While construction and services, particularly transport, storage
under this programme. However, the Survey observes that PPP is still & communication, contributed in maintaining employment growth in the
a nascent concept in India and expertise at the level of project economy, employment growth in manufacturing fell short of its potential.
authorities both at the central and state levels is limited. All the State The Survey however, finds it worrisome that there has been a
Governments and the Central Ministries have been advised to set up marginal decline in employment in the organized sector between 1994
a PPP Cell to promote this programme. and 2004 which has raised some disturbing issues about optimal
The Survey mentions that the constraints, which inhibited the growth regulation and incentives. The annual employment growth in the
performance of the economy, appear to be easing. It further states organized sector decelerated from 1.2 percent during 1983-94 to
that there are signs of tangible progress in areas such as power, roads, 0.38 percent per annum during 1994-2004. This deceleration happened
ports and airports. Following the road shows abroad for attracting global despite an acceleration in annual employment growth in the private
financial capital, the setting up of US$5 billion fund to finance Indian sector from 0.44 percent to 0.61 percent during the reference periods
infrastructure on 15th February this year by four major financial as this acceleration was not enough to make up for corresponding
institutions is an encouraging development. The Survey also adds decline of employment in the public sector.
that outlook for infrastructural improvement looks promising. With The Survey feels that while rightsizing of the public sector whose
experience gained in PPPs, formulation of model PPP and concession primary objective is to deliver essential services such as education,
agreements, infrastructure investments should gain momentum over health, roads and irrigation and not providing direct employment, is a
the coming months and year. welcome development and should continue, there is an urgent need
SOCIAL SECTOR to step up employment in the organized private sector.
Despite focus on sustained improvement in the quality of the life of FOREIGN EXCHANGE RESERVES
the people in general and poor in particular, Indias progress on the social The Survey for says that there was a strong growth in Foreign Direct

Student Company Secretary 12 March 2007


Academic Guidance
Investment (FDI) flows with three quarters of such flows in the form of Indias merchandise exports increased by 36.3% in April-December,
equity. The growth rate was 27.4% in 2005-06, which was followed by 2006 thus gaining in momentum reaching a level of US $ 89.5 Billion.
98.4% in April-September, 06. At US $ 4.2 Billion during the first six The exports during 2005-06 also grew at a healthy rate of 23.4% to
months of this fiscal, FDI was almost twice its level in April-September, cross $ 100 Billion mark. India continued to maintain its share of 1%
2005. Capital flows into India remained strong on an overall basis even in world merchandise exports during the first eight months of 2006,
after gross outflows under FDI with domestic corporate entities seeking which was attained in 2005 after remaining unchanged at 0.8% in
a global presence to harness scale, technology and market access 2003 and 2004. It is targeted to reach 1.5% of world exports by 2009.
advantages through acquisitions overseas, the survey says. Foreign The Survey emphasizes that Indias significant export growth in
Institutional Investment (FII) has turned positive in the second half of recent years was on account of a host of favourable external
the current year after turning into net outflows during the first half of developments and domestic policy initiatives. Improved global growth
2006-07. The net FII inflow during April September 2006 was US $ 1.6 and recovery in world trade aided the growth of Indian exports. The
Billion as against US $ 5.4 Billion in April September, 2005. As regards opening up of the economy and corporate restructuring has enhanced
External Commercial Borrowings (ECB), the survey informs of a sharp the competitiveness of Indian industry. The buoyancy of exports was
increase in net inflows to US $ 5.1 Billion in first half of 2006-07 from driven by the resurgence in the manufacturing sector and sustained
a total inflow of US $ 2.7 Billion in 2005-06. It emphasizes that with the demand from major trading partners. Trade policy reforms, continued
acceleration of growth of the manufacturing sector, improvement in trade promotion, market diversification and trade facilitation efforts
Indias credit rating and the current interest and exchange rate outlook, seem to have paid good dividends, the survey notes.
ECBs continued to remain attractive.
The imports grew by 36.3% in April-December, 2006, which was
The Foreign Exchange Reserves reached US $ 180 Billion as on substantially contributed by the growth in POL imports at 39.2% due
February, 2007 with active purchase of foreign exchange by RBI of to high crude oil prices. The non-oil import growth decelerated to a
US $ 9.8 Billion in the first nine months of the current fiscal. The Foreign moderate 18.7% in first nine months of the current year, primarily
Exchange Reserves provide an import cover of about 11 months. The because of high bullion prices leading to a decline in import of gold
reserve accretion has been aided by the balance of payments of US $ and silver in first few months.
8.6 Billion in the first six months of 2006-07 as against US $ 15.1
Billion in the year of 2005-06. In addition, sustained appreciation of SUBSIDIES
other major currencies viz-a-viz the US Dollar in the current year also The Survey says that major subsidies mainly on food fertilizer and
resulted in valuation gain. petroleum grew from Rs. 40,716 crore in 2002-03 to Rs. 44,220 crore
AGRICULTURAL CREDIT in 2005-06 (provisional). With direct provision by the Centre the
subsidies were budgeted at Rs. 44,792 crore in 2006-07. The Survey
The Survey mentions about special relief package for farmers says that as a proportion of GDP, subsidies fell from 1.7 per cent in
announced for 31 districts in Andhra Pradesh, Maharashtra, Karnataka 2002-03 to 1.2 per cent in 2005-06 (provisional) and 1.1 per cent of
and Kerala where there was incidence of farmers suicide. The package GDP in 2006-07 (BE).
envisages waiving of interest on overdue loans as on July 1, 2006, so
that farmers have no past burden. This would make them eligible for It states that including the supplementary demand for grants, the
fresh loan from the banks. It is estimated that an amount of Rs.2718 expenditure on subsidies is expected to increase by Rs. 5200 crore in
crore will be waived in 31 affected districts. The Government of India 2006-07. The subsidies do not include the compensation through the
and respective State Governments will share this amount equally. The issue of special securities to Oil Marketing Companies on account of
overdue loans of farmers as on July 1, 2006 will be rescheduled over LPG and PDS Kerosene and special securities issued to Food
a period of 3 to 5 years with one year moratorium. A credit flow of Corporation of India, for settlement of outstanding dues on account of
Rs.21,422 crore will be ensured in these 31 districts in 2006-07. release of food grains under Sampoorna Gramin Rozgar Yojana and
Under the Farm Credit Package 2004 the credit target for 2006-07 National Food for Work Programme.
was fixed at Rs.1,75,000 crore, of which 85 per cent has been achieved BANK LOANS
by December 31,2006. The Cooperative Banks and RRBs have been The Survey states that over 2 lakh Self Help Groups (SHGs) availed
advised to cover all farmers under Kisan Credit Card Scheme by March bank loans worth Rs. 11,398 crore as on 31st March 2006. The average
2007 and to make the renewal process more user friendly. Government bank loan per Self Help Group was around Rs. 50,917. 2.38 lakh SHGs
has decided that from kharif 2006-07, farmers should receive crop were credit linked as on December 31st 2006 against the target of
loans upto a principal amount of Rs.3 lakh at 7 per cent rate of interest. 3.85 lakh new SHGs during 2006-07.
In January 2006, Government announced the package for revival of
Short-Term Rural Cooperative Credit Structure involving financial In all 547 banks including 470 Commercial Banks, 158 Regional
assistance of Rs.13,596 crore. NABARD has been designated as the Rural Banks and 342 Cooperative bans are actively involved in the
implementing agency. operation of the Self Help Groups Bank Linkage Programme
introduced as a mechanism to provide the rural poor easy and self-
The Survey says during kharif 2006 Varsha Bima-2006 scheme managed formal financial services on a sustainable basis by enabling
was being implemented in and around 150 districts/rain gauge station them to gain access to banking services in a cost-effective manner.
areas covering 16 States across the country. The programme has enabled nearly 329 lakh families in the country to
EXPORTS gain access to micro-finance facilities from the formal banking system.
The Survey, states that the deepening of domestic reforms is FISCAL CONSOLIDATION
required to maintain and further accelerate the current dynamism in Progress in fiscal consolidation has been satisfactory in the post
exports on a long-term basis. This calls for reducing constraints like Fiscal Reforms and Budget Management (FRBM) period. The
infrastructure bottlenecks, outdated/inflexible labour laws, SSI Economic Survey 2006-2007 says that the fiscal deficit of the centre
reservations and high transaction costs. It also calls for calibrated as a proportion of Gross Domestic Product (GDP) has come down
policy of phasing out export incentive schemes coupled with lowering from 6.2 per cent in 2001-02 to 3.8 per cent in 2006-07 (BE). The
basic custom duty. Exporters, in turn, need to place more emphasis proposed reduction in revenue and fiscal deficit as proportions of GDP
on non-price factors like product quality, brand image, packaging, by 0.6 percentage points and 0.5 percentage points respectively was
delivery and after-sale services. The survey also recommends a more higher than the levels prescribed under the FRBM Rules.
aggressive push to foreign direct investment (FDI) in export industries,
which will not only increase the rate of investment in the economy but The Survey observes that the fiscal situation of the states also
also infuse new technologies and management practices in these showed considerable improvement, which in fact is better relative to
industries and thereby increase exports. the performance of the Central Government. As a proportion of GDP,

Student Company Secretary 13 March 2007


Academic Guidance
fiscal deficit of the States declined by 1.9 percentage points, post purchased Urad and Moong overseas. Besides the Government took
FRBMA, from 4.5 per cent in 2003-04 to 2.6 per cent in 2006-07 (BE). a number of measures - STC allowed import of 55 lakh tones of wheat
As far as the reduction in revenue deficit is concerned, on an aggregate to supplement domestic availability; permission given to private trade
basis, this is budgeted to get eliminated in 2006-07 (BE), two year to import wheat at zero duty from September 9, 2006; permission to
ahead of the target. import pulses at zero duties from June 8, 2006 and a ban on export of
INFLATION pulses; regulatory measures to contain volatility in the future prices of
wheat, sugar and pulses and ban on future trading in pulses; reduction
Containment of inflation during 2005-06 was high on the in duty on palm group of oils and further duty cuts for Portland cement,
Governments agenda as the inflation hurts the poor and puts pressure various metals and machinery items from January 22, 2007.
on interest rates, adversely affecting both savings and investment.
The Survey brings out anti-inflationary policies of government like strict The Survey says that the fight against inflation has to be calibrated
fiscal and monetary discipline, rationalization of excise and import so that policies contain inflation without compromising growth. With
duties of essential commodities, effective supply demand management appropriate policies it should be possible to maintain and manage
of sensitive items through liberal tariff and trade policies and high growth without inflation. Inflation in recent times has been triggered
strengthening the public distribution system. It says, starting with a by the rapid rise in prices of primary articles all over the world.
rate of 3.98 per cent, the inflation rate in 2006-07 has been on a general In the current year, the Survey speculates, pressure on inflation
upward trend with intermittent decreases. Average inflation in the 52 may persist because of a mis-match in supply and demand for some
weeks ending on February 3,2007 remained at 5 per cent. primary articles and firm international prices. Higher demand as a
The Government during the year closely monitored prices every result of an accelerated growth in GDP, higher growth in reserve money
week and initiated measures to enhance domestic availability of wheat, because of a faster increase in foreign assets, credit growth and other
pulses, sugar and edible oils. The minimum support price (MSP) of related factors have also exerted pressure on demand side.
wheat was raised by Rs.50 per quintal and announced well in advance Government has been quick in responding to these developments
of the sowing season to bring additional acreage under wheat. NAFED and has been making efforts to ease the pressure on prices.

ATTENTION ALL STUDENTS APPEARING IN THE CS INTERMEDIATE EXAMINATIONS


FROM JUNE, 2007 SESSION ONWARDS
COMPULSORY COMPUTER TRAINING SCHEME
In the Company Secretaries Regulations, 1982, for regulation 40, the following regulation shall be substituted, as published in the Gazette of India(Extra
Ordinary) vide Notification No. ICSI/710/1(M)/1 dated 3rd May, 2006.
40 Admission to the Intermediate Examinations -
No candidate shall be admitted to the Intermediate examination unless he/she :-
- (a) is a registered student and produces a certificate from the head of the coaching administration ( by whichever name designated) to the effect that he has
undergone satisfactorily a course of postal or oral tuition for the Intermediate examination; and
- (b) has successfully completed computer training program as may be specified from time to time by the Council and in the manner so specified or
exempted there from;
- (c) applies with such examination fee as may be determined by the council from time to time so as to reach the Secretary, in accordance with the
directions given by the Council.
In terms of the aforesaid amendment in the Company Secretaries Regulations, 1982, all students are required to successfully undergo a Compulsory
Computer Training Programme for becoming eligible for appearing in the CS Intermediate Examinations from June, 2007 examinations onwards.
The Institute, in compliance of the aforesaid amendments, has tied up with M/s NIIT through which 70 hours of computer training shall be provided to the
students/members of the Institute in all Centres of NIIT all over the country. To undergo this course, a student/member has to approach any NIIT Centre on
all India basis. To take admission, he/she has to deposit the requisite fees at the respective NIIT Centre and fulfill the formalities as per the requirements of
the Computer Training Centre.
The list of NIIT Centres including detailed course contents, module details and topic-wise time duration etc. have been published on the website of the
ICSI i.e. www.icsi.edu under FAQ.
Salient features of the course in brief : -
Title of the Course Understanding Information Technology in Corporate Environment.
Duration of the Course 70 Hours
Fee Rs.3000 per participant for General Category & Rs.2500 per participant for SC/ST Category
Note : Service Tax as per the GOI rules applicable from time to time shall be paid in actual by the participant
A student can be exempted from undergoing the course on the basis of his existing qualification/degree in the computer field subject to the conditions that
he or she enrolls himself/herself for an online exemption test (to be conducted by NIIT) at any of the NIIT Centre on all India bases and successfully clears the
test. A fee of Rs.450 plus Service Tax, etc. per student is payable for online test which is applicable for a maximum of TWO attempts within a period of one
month.
The Course is open to all the students and members of the ICSI.
Computer Training will be compulsory and pre-requisite for all the students intending to appear in the Intermediate Examination from December, 2007
session onwards. No student will be allowed to appear at the Examination to be held from December, 2007 session onwards unless he/ she successfully
completes the Computer Training.
However, a student may be permitted PROVISIONALLY to appear in the June, 2007 session only without completing the computer training with the
condition that, he/ she will complete the Computer Training before seeking enrollment to Final Examinations.

Student Company Secretary 14 March 2007


Legal World
vacate the quarters in spite of their termination-Company initiated
LEGAL WORLD prosecution-Trial court convicted the petitioners- Whether correct-
Held, Yes.
Compiled by T.K.A. Padmanabhan, FCS, Advocate, New Delhi.
Brief facts: The petitioner and other 10 persons were employees
CORPORATE LAWS of the respondent company whose services were terminated. They
had refused to vacate the quarters allotted to them upon their
LW(S) 13.03.2007 termination. The respondent prosecuted them under section 630 of
the Act. The Trial court convicted them and imposed punishment.
SRAVYA FINANCE & INVESTMENT (P) LTD v. KUMARS
These employees challenged the trial courts order by filing revision
METALLURGICAL CORPORATION LTD [(2007) 76 CLA 139 (CLB)],
petition in the High Court contending that the dispute between them
K.K.Balu (VC). [Decided on 24.5.2006]
and the respondent was a civil dispute and criminal actions could not
Companies Act, 1956- Section 163 (6) - Shareholder seeking be taken against them.
copy of the register of members from the company- Company
Decision: Revision petition dismissed.
did not supply the same- Shareholder did not carry out inspection-
Shareholder approached CLB for directions against the company Reason: So far as the contention with respect to inapplicability of
Whether CLB direct the company to furnish copy of the register section 630 of the Companies Act, 1956 on the ground that the
of members-Held, No petitioners are workmen is concerned, even if they be treated as
workmen, they are employees of the company and have been allotted
Brief facts: The petitioner was a shareholder of the respondent
the accommodation as employees of the company. It has not been
company. Since the company did not furnish a copy of the register of
pointed out that the allotment, vacation and retention of the houses
members and the latest annual return, the petitioner filed a petition
allotted to them are governed by some other set of rules. Thus, in
before the Company Law Board seeking directions to furnish the same.
view of the above, I do not find any error, illegality or impropriety in the
The petitioner had not carried out the inspection of the register of
orders passed by the learned trial court as upheld by the learned
members.
appellate court in respect of the petitioners and these criminal revision
Decision: Petition dismissed petitions having no merit and substance are dismissed.
Reason: The right under section 163 to seek a copy of the register LW(S) 16.03.2007
of members accrues to a member who has carried out an inspection.
Where a copy of register of members is sought by a member who has SUTLEJ INDUSTRIES LTD., IN RE. [(2007) 76 CLA 227 (RAJ)], Shiv
not carried out its inspection, no directions could be issued to the Kumar Sharma, J. [Decided on 12.5.2006]
company to furnish a copy of the same. Companies Act, 1956-Sections 391-394- Amalgamation-
LW(S) 14.03.2007 Scheme provided for treating amalgamation reserve as free
reserves- Regional Director opposed this- Whether the objection
ALTINA SECURITIES (P) LTD v. SATYAM COMPUTER SERVICES is valid- Held, No.
LTD & ANR [(2007) 76 CLA 118 (CLB)], K.K.Balu (VC). [Decided on
Brief facts: Sutlej Industries Ltd. (SIL) merged with its wholly owned
7.9.2006]
subsidiary Sutlej Textiles & Industries Ltd (STIL). The scheme of merger
Companies Act, 1956- Section 111A - Transfer of shares provided that in case any capital reserve arises the same shall be
Transferee lost the original share certificate - Transferor not treated as free reserves of STIL. The shareholders and creditors of
responding- Whether duplicate share certificate could be issued- the transferor and transferee companies overwhelmingly approved the
Held, Yes. Whether the company could register the transferee in scheme. The Regional Director took objection the arrangement/
its members register- Held, Yes. amalgamation reserve cannot be utilized for distribution to
Brief facts: The petitioner is a share broker and purchased 2000 shareholders.
shares of the respondent company. The company returned the share Decision: Scheme sanctioned.
transfer deed covering 100 shares to the petitioner as bad delivery
Reason: The contention of the Regional director that arrangement/
because of difference in the signature of transferor (the 2nd respondent).
amalgamation reserve cannot be utilized for distribution to the
The petitioner had requested the transferor to execute a fresh transfer
shareholders was not objected to by the shareholders and the meeting
deed but the transferor did not respond. The company advised the
of the shareholders unanimously approved the scheme of arrangement.
petitioner to execute an indemnity bond for effecting the transfer in its
I, therefore, do not see good reason to exclude para 9.9 of the scheme.
name. Meanwhile, the petitioner lost the share certificate while shifting
Broadly the scheme appears to be fair, reasonable, according to law
its office. Therefore, the company advised the petitioner to obtain
and in the interest of shareholders. For these reasons the petition
appropriate orders from the competent court for registering the shares
stands allowed and the scheme of arrangement is sanctioned.
in its name. The petitioner approached the CLB praying for the issuance
of duplicate share certificate and registration of the same in its name.
Decision: Petition allowed.
TAX LAWS
Reason: Considering the facts that the second respondent neither LW(S) 17.03.2007
filed by reply nor opposed the petition, despite the opportunity afforded COMMISSIONER OF CENTRAL EXCISE. v. VIRDI BROTHERS [2007
by this Bench, that second respondent failed to respond to any of the (207) ELT 321 (S.C)], Arijit Pasayat &S.H.Kapadia, JJ. [Decided on
communications of the company on the claim of the petitioner and 12.12.2006]
that there are no claimants in respect of the impugned shares, it would
be appropriate that the shares are registered in the name of the Central Excise Act, 1944-Sections 2(d) and 3- Plant and
petitioner. The petitioner claims that it had lost the share certificate. machinery assembled at site- Whether amounts to manufacture-
Therefore, the company will issue duplicate share certificate in lieu of Held, No. Whether excise duty is leviable-Held, No.
the original share certificate according to the Companies (Issue of Brief facts: In each of these appeals challenge is to the common
Share Certificate) Rules, 1960. final order passed by CEGAT. The basic question in all these appeals
is whether refrigeration plant/cold storage plant/central air conditioning
LW(S) 15.03.2007 plant/caustic soda plant can be subjected to excise duty. The Tribunal
B.N.SINGH v. DCM SHRIRAM INDUSTRIES LTD [(2007) 76 CLA had held that plant and machinery assembled at site is not liable to
211 (RAJ)], Harbans Lal, J. [Decided on 4.9.2006] excise duty. Stand of the appellant was that the fabrication of such
Companies Act, 1956-Section 630- Employees refusing to plants made out of duty paid bought out goods amounts to manufacture
Student Company Secretary 15 March 2007
Legal World
of a new marketable commodity and therefore, excise duty is payable. company calling upon to show cause as to why the alleged amount of
Decision: Appeals dismissed. duty as set out in the show cause notice be not demanded from the
company and why the appellant in his capacity as the Managing Director
Reason: This Court in several cases has determined the issue of the company should not be penalized under Rule 209 A of the
relating to excisability of plants and machinery assembled at site. For Central Excise Rule, 1944. The company approached the Settlement
example Quality Steel Tubes Pvt. Ltd. v. CCE 1995 (75) E.L.T. 17 Commission for settlement of the case under the belief that the
(S.C.); Mittal Engineering Works Pvt. Ltd. v. CCE, Meerut-19966 (88) settlement application filed by the company would cover the appellants
E.L.T.622 (S.C.); Sirpur Paper Mills Ltd., v. C.C.E, Hyderabad, - case also. The case was settled by the Settlement Commissioner
1998(97) E.L.T.3 (S.C.); Silica Metallurgical Ltd., v. CCE, Cochin-1999 who granted the immunities to the company from payment of interest,
(106) E.L.T.439 (Tribunal); Duncan Industries Ltd. v. CCE-2000 (120) as also from imposition of the penalty as also from prosecution.
E.L.T.273 (S.C.) and CCE, Jaipur v. Man Structural Ltd.-2001 (130) Thereafter the appellant was called upon to show cause why a penalty
E.L.T.401 (S.C.) should not imposed, as he was not a party to the case before the
As a matter of fact taking into account these decisions Circular settlement commission. Finally the Commissioner Central Excise
No.58/1/2002-CX. dated 15th January, 2002 has been issued by the imposed a penalty of Rs.1 lac on the appellant. The appellant appealed
Government of India, Ministry of Finance (Department of Revenue), to the Tribunal.
Central Board of Excise & Customs, New Delhi. The Circular indicates Decision: Appeal allowed.
that it was intended to clarify the question of excisability of plant and
machinery assembled at site. Reason: It was submitted that there was no evidence against the
Managing Director except the fact that he was Managing Director and
In view of the above said Circular, which has been issued in exercise in absence of any other evidence the penalty was not imposable. The
of power conferred under Section 37B of the Act, the view of the CEGAT settlement commission has also observed that the matter was within
cannot be faulted. The appeals are accordingly dismissed with no the knowledge of the department and there was no intention to evade
order as to costs. the duty. It was further submitted that in the present case the main
LW(S) 18.03.2007 accused was company and it is settled law that when the main accused
H.A.MAFATLAL v. COMMISSIONER OF CENTRAL EXCISE [2007 has been absolved of penal consequences there should be no question
(207) ELT 713 (Tri- Mumbai)], K.K.Agarwal, Member (T). [Decided of imposition of penalty on co-accused under Rule 209 A as has been
on 9.5.2006] held by the Tribunal in the case of Shitala Parsed Sharma v.
C.C.Ex.2005 (183) E.L.T., 21(Tri). I have considered the submission.
Central Excise Rules, 1944 Rule 209A- Show cause notice to I find that the facts of the case are fully covered by the Tribunals
company and its managing director- Company settled the issue decision in the case of Shitala Parsed Sharma (supra) and since in
with the Settlement Commission- Revenue imposing penalty on this case also the main accused i.e. company has been absolved of
the managing director- Whether tenable- Held, No. penal consequence no penalty will be imposable on the appellant who
Brief facts: A show cause notice was issued inter alia to the is co-accused. I accordingly set aside the order of the Commissioner
company as also to the appellant who is the Managing Director of the and allow the appeal.

Attention Students!

SUBSCRIPTION TO CHAR TERED


CHARTERED
SECRETAR
SECRETAR
ARYY
Students may perhaps be aware that the Institute has been bringing out a monthly journal Chartered Secretary
for corporate professionals for the last over thirty-five years. The journal is rated to be one of the best professional
journals consistently maintaining high standards in providing Government notifications, legal decisions and analytical
and informative articles. The journal is not only important for corporate professionals, members of the Institute and
lawyers but is equally important for students for keeping them well informed about the latest changes and
developments.This in turn will not only help the students to write their examinations well but will also help them to
step into the professional world with confidence. The Legal World section provides all the latest and important
cases, the From the Government column provides changes/ amendments in various statutes/Laws/Rules etc.
and the Articles section provides informative and analytical articles on contemporary topics.
The concessional annual subscription of the journal is Rs. 300/- for the Registered Students of the Institute.
It is in the interest of the students to subscribe to the Journal. Students interested in receiving the monthly journal
Chartered Secretary may send a Demand Draft favouring the Institute of Company Secretaries of India for an
amount of Rupees 300/- and forward the same to :

Joint Director (Publications)


The Institute of Company Secretaries of India
22, Institutional Area, Lodi Road, New Delhi-110003.

Student Company Secretary 16 March 2007


Student Services
Students seeking paperwise exemption for the first time (on
STUDENT SERVICES qualification basis) are required to remit the exemption fee @ Rs.100
per subject in addition to the examination fee on or before the last date.
REGISTRATION AND POSTAL TUITION II. Eligibility for appearing in the Intermediate Examination
1. CANCELLATION OF REGISTRATION In terms of regulation 33 of the Company Secretaries Regulations,
1982, students registered upto and including August, 2006 are eligible
Registration of students registered upto and including April, 2002
to appear in both groups of the Intermediate examination to be held in
stands terminated on expiry of five-year period on 31st March, 2007
June, 2007 subject to completion of coaching and Computer Training
leading to the following immediate consequences :
and fulfilment of other conditions laid down in the regulations. However,
(a) Supply of Student Company Secretary bulletin will be candidates registered as students upto and including the month
discontinued from April, 2007 onwards. November, 2006 are eligible for appearing in any one group in June,
(b) Response sheets will not be accepted even if submitted and 2007 session (i.e. either in Group-I or Group-II) subject to fulfilment of
coaching completion certificates will not be issued (after the other conditions as laid down in the regulations.
expiry of registration period) III. Eligibility for appearing in the Final Examination
They are advised to apply for registration de novo/extension In terms of regulation 43 of Company Secretaries Regulations,
of registration as per the guidelines published in this bulletin. 1982, students who have passed/completed both groups of the
(Students whose registration was valid upto 28th February, 2007 Intermediate examination upto and including June, 2006 are eligible
are, however, eligible to appear in June, 2007 examination without to appear in all the three groups or in combination thereof in any two
seeking extension of registration / registration de-novo subject to groups of the Final examination to be held in June, 2007 under New
fulfilling other requirements laid down in the regulations.) Syllabus, subject to completion of coaching and fulfilling other
2. CHANGE OF ADDRESS conditions as laid down in the regulations.
Change of address, if any, should be intimated to the Institute by IV. Last date for receipt of enrolment applications
sending a separate letter in this regard. While intimating the change in The last date for receipt of applications for enrolment to the June,
their mailing address, the students are advised to invariably quote the 2007 examination, complete in all respects, together with the requisite
PIN CODE number alongwith the student registration number, name examination fee in the Institute, is 26th March, 2007 (25th March,
and full postal address with city, state in capital letters. 2007 being a holiday). However, enrolment applications accompanied
with late fee of Rs. 100/-, if received in the Institute after the closing
PIN CODE is required to be mentioned for quick delivery of the date, but on or before 9th April, 2007 will be entertained.
mail. Students may, therefore, check up the computerised mailing
Students who could not be enrolled in the earlier examination owing
address as printed on the Student Company Secretary bulletin. In
to late receipt of enrolment application, cancellation of registration
case, it does not carry or carry the wrong PIN CODE number, the
etc. and whose examination fee was kept at credit, are advised to
same may be intimated immediately quoting student registration
send fresh enrolment applications requesting therein for the adjustment
number and full postal address with Postal Index Number so that it
of amount at their credit together with the balance of examination fee,
could be incorporated in the computerised mailing list.
if any. Formal application along with the original letter issued by the
3. STUDENTS IDENTITY CARD institute showing credit amount, must reach the Institute on or before
the closing date as otherwise such students shall not be enrolled for
All the students appearing in the examination must hold Identity
appearing in June, 2007 examination.
Card in the manner prescribed by the Institute, if not already obtained
at the time of seeking registration. For obtaining the Identity Card, No other remittance/letter/query should be clubbed with the
students are advised to obtain a proforma from the Headquarters/ enrolment application/examination fee.
Regional Offices of the Institute and send it again to the Institute duly 6. CLARIFICATION REGARDING PAPERWISE EXEMPTION
filled up and attested as per instructions given in the prospectus/
(a) The paperwise exemption is granted only on the basis of
registration letter.
specific request received in writing from a registered stu-
Students who have so far not obtained Identity Cards are advised dent along with the attested photocopies of marks sheets
to write to the Institute immediately. The students should carry their for all parts of the Degree/examination (on the basis of which
Identity Cards without fail for appearing in the Institutes examination. the paperwise exemption is sought) and the exemption fee
If the Identity Card already issued has been lost or mutilated, student @ Rs. 100/- per paper. It is one time payment and not to be
should send a request for obtaining duplicate Identity Card together remitted for availing of paper wise exemption in every ses-
with the mutilated Identity Card/Identity Card proforma duly filled in sion of examination during the validity of registration period.
and attested together with Rs. 50/- towards duplicate Identity Card (b) The application for claiming paperwise exemption must reach
fee. the Institute on or before the last date for submission of en-
4. COMPULSORY ENROLMENT FOR FINAL COURSE rolment application i.e. 25th March and 25th September for
June and December examinations respectively and with a
Students who have passed/completed both groups of Intermediate
late fee of Rs. 100/-, the application can be accepted upto
examination are advised to seek compulsory enrolment for undergoing
9th April and 10th October respectively.
coaching for the Final course on payment of Rs.4200/- towards postal
(c ) The paperwise exemption once granted holds good during
tuition fee.
the validity of registration period or passing/completing the
Please note that a student is admitted to the final examination only examination, whichever is earlier.
after a minimum period of nine calendar months has elapsed since (d) The paperwise exemption is cancelled only on receipt of a
his/her passing the Intermediate examination and subject to completion specific request in writing from the student concerned on or
of coaching and fulfillment of other requirements. before the last date for submission of the enrolment applica-
5. COMPANY SECRETARIES EXAMINATION JUNE, 2007 tion. If any candidate appears in the exempted paper(s) of
I. Examination Fee: examination without receiving the written confirmation from
the Institute, but by making personal representation, appeal,
Foundation : Rs. 875 (Lumpsum) request, etc., at the Examination Centre at the last moment,
Intermediate : Rs. 900 (Per group) his/her appearance in such paper(s) shall automatically be
Final : Rs.750 (Per group) treated as cancelled.
Student Company Secretary 17 March 2007
Student Services
(e) It may be noted that candidates who apply for grant of paper group(s) for which limited permission letter was issued.
wise exemption or seek cancellation of paper wise exemption Students who secure 35% or more marks in aggregate and 30%
already granted, before the last date of submission of marks in individual paper in a group in December, 2006 examination,
enrolment applications for a particular examination, must see are advised to submit photocopy of the marks sheet for the issue of
and ensure that they receive written confirmation from the Coaching Completion Certificate, if eligible.
Institute at least 15-20 days prior to the commencement of
the examination. Candidates who would presume automatic 9. IMPORTANT
grant or cancellation of paper wise exemption without While making any correspondence regarding examination, the
obtaining written confirmation on time and absent themselves students are advised to quote the following particulars for taking prompt
in any paper(s) of examination and/or appear in the exempted action :
paper(s) would do so at their own risk and responsibility i) Name in full (ii) Student Registration number (iii) Stage of
and the matter will be dealt with as per the above guidelines. examination (Intermediate/Final) (iv) Group opted (v) Centre opted
(f) Exemption once cancelled on request in writing shall not be (vi) Particulars of fee remitted, i.e. Demand Draft (printed) number,
granted again under any circumstances. date , amount, name of the bank and its branch (vii) Date and mode of
(g) The candidates who have passed either group of the despatch of enrolment application and their complete address with
Intermediate/Final examination under the old syllabus, may PIN code, telephone number, mobile number or e-mail address.
claim the paperwise exemption in the corresponding In case of any specific problem/complaint regarding registration,
subject(s) of new syllabus indicating the basis of exemption post-registration, students services and postal/oral coaching, students
as APO in the appropriate column of the enrolment may contact personally or write to Sohan Lal, Joint Director and for
application. academic guidance and suggestions, if any, students may write to V
(h) In case the paperwise exemption has already been granted K Aggarwal, Principal Director, at the Institutes address.
on the basis of qualification or the candidates is eligible for
grant of exemption on the basis of securing 60% or more
marks, a photocopy of the letter/marks-sheet issued by the
Institute should be enclosed with the enrolment application In our endeavour to provide prompt and efficient services to the
while claiming such exemption, failing which the same may student community, the overall status of all the registered students
not be granted for the ensuing examination. of the Institute has been uploaded to the website of the Institute
(i) No exemption fee is payable for availing paperwise exemption viz. www.icsi.edu. The information can be accessed as under:
on the basis of APO or on the basis of securing 60% or
more marks in the Institutes examination. . Visit the Home Page
(j) Paperwise exemption fee is payable only when the exemption . Click on the tab 'Overall Status' under the
is to be availed on the basis of qualification(s) specified for Group 'Students'
the purpose.
. Enter Full Registration Number
7. EXEMPTION FROM COMPUTER TRAINING
. Press Tab Key
A student can be exempted from undergoing the course on the
basis of his existing qualification / degree in the computer field and . Wait for the name to appear on the adjacent
qualifies the need of Course Contents Syllabus as scheduled by field
NIIT for C.S. Students, subject to the condition that he or she enrolls
himself/herself for an online exemption test (to be conducted by NIIT) . Click on the tab 'Go'
from any of the NIIT Center on all India basis and successfully clears The students may verify the particulars contained therein viz.
the test.
Student's Name, Father's Name, Date of Birth, Qualification, Paper-
8. COMPLETION OF COACHING AND FILLING UP OF wise Exemption (if any), Complete Postal Address with City, State
EXAMINATION FORMS and Pin Code, Postal/Oral Coaching Status, etc. In case, they
At times queries are received by the Institute from the students come across any discrepancy and/or need any clarification/
with regard to filling up of examination forms for want of issue of additional information/service, a written request may be sent to
coaching completion certificate. It is clarified that students (i) who are us by E-Mail as per the details given below:
undergoing oral coaching, and (ii) students who have submitted or re-
submitted their response sheets and/or would be submitting or re- 1. Query regarding Registration Status/
submitting the response sheets within the stipulated period, are eligible Issue of Study Material, etc. for
to fill up the examination forms for the respective session of examination (a) Intermediate Course ss_reg@icsi.edu
Such students need not withhold the submission of their examination
forms for want of coaching completion certificates. The students (b) Foundation Course ss_fond@icsi.edu
concerned are advised to make a note in the application form to the (c) De-novo/Extension/Final Enrollment ss_post@icsi.edu
effect that they are undergoing oral coaching/have submitted response 2. Query regarding non-receipt of ss_misc@icsi.edu
sheets and are awaiting coaching completion certificates. Since there
Registration Letter/ldentity Card/
cannot be any change with regard to the closing date for submission
of examination forms, students need not wait for the issue of coaching Student Company Secretary Bulietin/
completion certificates for filling up their examination forms. They are CS Foundation Course Bulletin, etc.
advised to mention against the appropriate column in the enrolment 3. Query regarding paperwise exemption ss_enrol@icsi.edu
application form that coaching completion certificates are being
4. Query regarding Coaching ss_coaching@icsi.edu
awaited.
Completion Certificate/Suggested
Students who were issued with limited permission letters, for
appearing in December, 2006 examination, are advised to submit the Answers and Response Sheet status
deficient response sheets immediately as such students, if failed, will 5. Query regarding issue of Admission dss@icsi.edu
not be allowed to appear in June, 2007 examination, unless they are Certificate/Roll No. for Examinations, etc.
issued with the regular coaching completion certificate(s) for the
Student Company Secretary 18 March 2007
Student Services
6. It is again emphasised that students who have already been
ATTENTION STUDENTS
granted exemption in any paper included in the group for which
INTENDING TO APPEAR IN COMPANY SECRETARIES
the enrolment has been sought, must indicate in the appropriate
EXAMINATION JUNE, 2007 column of the enrolment application and enclose a photocopy of
1. (a) Last date for receipt of Examination 26.03.2007* the letter issued by the Institute granting such exemption. Similarly,
application in the Institute in those cases where the student has applied for exemption for
the first time, the same must also be indicated in the appropriate
(b) With a late fee of Rs. 100 09.04.2007
column of the enrolment application form along with the attested
2. Examination fees photocopies of the relevant marks sheets and the exemption fee.
Foundation Rs.875 (Lumpsum) 7. In case, student is interested in cancellation of exemption which
Intermediate Rs.900 (Per group) has already been granted to him, a separate request should be
Final Rs.750 (Per group) made for the same along with the enrolment application. Please
note that once paperwise exemption is cancelled, it shall not be
3. Last date for seeking paperwise 26.03.2007*
restored/reviewed under any circumstances.
exemption
8. No exemption fee is payable for availing of paperwise exemption
4. Last date for seeking extension 26.03.2007* on the basis of APO (already passed under old syllabus) or
of registration/registration de-novo securing 60% or more marks in the Institutes examination.
*(25- 03-2007 being a holiday) X Mode of Payment : Students who intend to pay the fees by
Notes : demand draft may please ensure that it should be crossed and
drawn in favour of The Institute of Company Secretaries of
I. The examination fee stands revised as above.
India, payable at New Delhi.
II. Examination fee is payable on groupwise and not on paperwise
basis for intermediate/Final examinations. XI Students Identity Card : All the candidates appearing in the
Company Secretaries Examination are advised to timely complete
III. All students appearing in the Intermediate examination are necessary formalities for obtaining their identity cards duly
required to complete successfully the Computer Training before countersigned by the issuing authority of the Institute as per
filling up the examination form EXA instructions published in the prospectus Career in Company
IV. The students who have submitted/would be submitting all the Secretaryship A Handbook.
response sheets within the stipulated time, may submit their
enrolment applications for appearing in the examination pending
issue/receipt of the coaching completion certificates. But coaching
completion certificate would be issued only when they have OPENING OF NEW EXAM. CENTRES AT KOLHAPUR AND
successfully completed the coaching for the group(s) concerned. SRINAGAR FOR CS EXAMINATIONS
V. Please note that unsigned, incomplete and applications not filled The Institute is pleased to announce opening of two new
in their own handwriting by the students will not be accepted. Examination Centres at following places for conduct of 'Company
VI. No change of group(s) will be allowed after submission of the Secretaries' examinations for the next three sessions to be held in
enrolment application. June, 2007, December, 2007 and June, 2008 purely on
VII. No request for change of medium for writing the examination will experimental basis:
be entertained after submission of the enrolment application. Sl No. Place Centre Code
VIII. No cutting and over writing is to be done in the examination form. 1. Kolhapur 417
2. Srinagar (J&K) 227
IX. No request for grant/cancellation of paperwise exemption shall
be entertained after the last date i.e. 25th March/25th September Accordingly, students are welcome to opt for the new Examination
for June/December examination respectively. Centre in their enrolment applications for appearing in the
forthcoming examinations.
X. No request/correspondence for withdrawal of application
from appearing in the examination or adjustment of amount
for the next examination shall be entertained after submission
of the examination form under any circumstances.
CLARIFICATION REGARDING HINDI MEDIUM
Students are, therefore, once again advised to fill in the enrolment Queries are often being received by the Institute with regard
applications/examination forms EXA carefully to avoid last to the option of medium for pursuing the Company Secretaryship
moment problem for themselves as well as for the Institute. Course.
All the students appearing in the examination are required to It is clarified that the students may opt for pursuing the course
enclose the photocopies of the following documents with their in English/Hindi medium. However, the study material at present
enrolment application forms :
is available in English medium only. In any case, the students
1. Certificate for completion of Computer Training issued by the can enjoy the facility of submitting their response sheets to the
respective centre.
test papers under the Postal Tuition Scheme in English or Hindi
2. Letter granting the paperwise exemption (wherever paperwise medium. Similarly, they can opt to write the Institutes main
exemption has been granted on the basis of qualification).
examination in English or Hindi Medium.
3. Marks-sheet for availing paperwise exemption on the basis of
securing 60% or more marks in the earlier examination of the As regards writing of examination, the option is to be exercised
Institute. while filling up the examination form as and when the students
intend to appear in the examination. This option is to be exercised
4. Original letter issued by the Institute showing the credit balance,
if any, for adjustment towards the examination fee. on group wise basis and not on individual paperwise basis.
Answering to test papers and writing examination partly in
5. Coaching Completion Certificate, if already issued from the
Institute.
English and partly in Hindi medium is not permissible.

Student Company Secretary 19 March 2007


Student Services
EXAMINATION NOTE:
1. *Kolhapur and Srinagar Examination Centres are opened for
1. DECLARATION OF DECEMBER, 2006 EXAMINATION
June, 2007, December, 2007 and June, 2008 sessions only
RESULTS
purely on an experimental basis).
The results of the Foundation, Intermediate and Final examinations
of the company secretaries held from 26th December, 2006 to 03rd 2. The Institute reserves the right to withdraw any centre at any
January, 2007 were declared at 4.00 P.M. on Sunday, the 25th February, stage without assigning any reason.
2007, as scheduled. As in the past, the results were displayed 3. Candidates should note that non-receipt/delayed receipt of
simultaneously on the Notice Boards at the Institutes Headquarters, result-cum-marks statement, response to result queries,
Offices of the Regional Councils and Chapters, and Examination requests for verification of marks, etc., will not be accepted
Centres. The results alongwith the break-up of subjectwise marks were as valid and sufficient reason for seeking any relaxation or
made available on Institutes Website: www.icsi.edu on 25th February, not complying with the requirements of regulations and/or
2007 from 4.00 P.M. onwards. The Roll Numbers of successful last dates for submission of enrolment applications for the
candidates in the examinations are published elsewhere in this issue. next examinations. Therefore, the candidates in their own
The result-cum-marks statements were despatched to all interest are timely advised to keep track of important
candidates by 03rd March, 2007. Any candidate not receiving his/her announcements, last dates and observe the time schedule.
result-cum-marks statement by 14th March, 2007 should immediately
4. USE OF CALCULATORS IN EXAMINATIONS
write to the Sr. Director (Exams.) for issuing duplicate result-cum-marks
statement giving relevant particulars, i.e., his/her name, student Candidates are allowed to use their own battery operated noiseless
registration number, stage of examination and group(s) in which he/ and cordless pocket calculators with not more than 6 functions, 12
she appeared, roll number, examination centre, along with a self- digits and 2 memories. Exchange or lending/borrowing of calculators
addressed stamped envelope worth Rs.5/-. among students will not be allowed in the examination hall.
2. VERIFICATION OF MARKS 5. HINDI AS AN OPTIONAL MEDIUM FOR WRITING THE
As published on Page No. 20 of the February, 2007 issue of the FOUNDATION, INTERMEDIATE AND FINAL
Student Company Secretary, a candidate can seek Verification of EXAMINATIONS
Marks in any subject(s) of December, 2006 examination under
Candidates are allowed to use Hindi as an optional medium for
Regulation 46(2) of the Company Secretaries Regulations, 1982, within
writing all papers of the Foundation (except the English & Business
one month from the date of declaration of results. Accordingly, the
Communication paper), Intermediate and Final examinations on the
application for Verification of Marks in respect of December, 2006
following conditions:
examinations should be made on a plain paper, preferably in
candidates own handwriting, together with a requisite fee (i) option of Hindi Medium for writing the examination is to be
@ Rs.100 per subject upto 26th March, 2007. (25th March, 2007 being exercised for all papers of an examination OR a particular
holiday). Candidates are advised not to club any other remittance group of examination, and not for any individual paper(s) in
or query along with request for Verification of Marks to facilitate the enrolment application form each time for appearing in
an early reply. the examination;
After completion of verification process, candidates are (ii) option of medium for writing examination once exercised is
communicated outcome of the Verification of Marks, normally within irrevocable for that particular session of examination;
2-3 weeks time. However, if a candidate does not receive any (iii) answer books of candidates who write part of papers/answers
communication by 20th April, 2007, he/she should write to the in one medium and the remaining part in other medium are
Sr. Director (Exams.) giving relevant details (i) his/her name; liable to be cancelled without any notice;
(ii) student registration number; (iii) stage of examination and roll (iv) candidates who have exercised option of Hindi medium in
number; (iv) name of the subject(s) in which verification of marks was their examination enrolment form for writing Foundation
sought; (v) date of application and mode of its despatch; (vi) amount examination and Group-I of Intermediate examination will
of verification fee and details with regard to mode of remittance; and be provided Question Papers printed both in English and
(vii) complete postal address along with PIN Code. Hindi version (except for English & Business
3. JUNE, 2007 EXAMINATION Communication paper, which will be printed/required
to be answered in English only). The Question Papers for
The next examination for the Foundation Course, Intermediate and Group-II of the Intermediate examination and all papers of
Final, scheduled in June, 2007, will be held from Saturday, the Final examinations will be printed in English version only;
02nd June, 2007 to Sunday, the 10th June, 2007 at the 65 examination (v) if a candidate writes his/her answers in Hindi medium without
centers, viz., 1. Agra, 2. Ahmedabad, 3. Allahabad, 4. Ambala, exercising such an option in the enrolment application form,
5. Aurangabad 6. Bangalore, 7. Bareilly, 8. Bhilwara, 9. Bhopal, he/she may not be given credit for his/her answers;
10. Bhubaneswar, 11. Chandigarh, 12. Chennai (North), 13. Chennai (vi) candidates opting Hindi medium for the examination must
(South), 14. Coimbatore, 15. Dehradun, 16. Delhi (East), 17. Delhi write HINDI MEDIUM in bold letters on the top of the cover
(North), 18. Delhi (South), 19. Delhi (West), 20. Ernakulam, page of Answer Book No.1, 1B, as the case may be; and
21. Faridabad, 22. Ghaziabad, 23. Gurgaon 24. Guwahati, (vii) candidates opting Hindi medium for the examination may
25. Hyderabad, 26. Indore, 27. Jaipur, 28. Jammu, 29. Jamshedpur, write answers to practical questions, headings, quotations,
30. Jodhpur, 31. Kanpur, 32. Kolhapur* 33. Kolkata (North), 34. Kolkata technical and legal terms, sections, rules, etc., in English
(South) 35. Lucknow, 36. Ludhiana, 37. Madurai, 38. Mangalore, medium, if they so desire.
39. Meerut, 40. Mumbai(CG), 41. Mumbai (GTK), 42. Mumbai (JOG),
43. Mysore, 44. Nagpur, 45. Nasik, 46. Noida, 47. Panaji, 48. Patna, 6. AVAILING OF CONCESSION BY PHYSICALLY DISABLED
49. Pondicherry, 50. Pune, 51. Raipur, 52. Rajkot, 53. Ranchi, CANDIDATES FOR WRITING EXAMINATIONS
54. Shimla, 55. Srinagar,* 56. Surat, 57. Thane, Any physically disabled student who requires some concession or
58. Thirvananthapuram, 59. Tiruchirapalli, 60. Udaipur, 61. Vadodara, assistance which is normally admissible under the rules for the purpose
62. Varanasi, 63. Vijayawada, 64. Visakhapatnam, 65. Yamuna Nagar of appearing or writing the examination, for that he/she should make a
(Haryana) and one Overseas Centre Dubai as per the Time-Table separate written request along with his/her application for enrolment
and Programme published on the last cover page of this issue. to the examination together with the following supporting documents :

Student Company Secretary 20 March 2007


Student Services
(i) Disability Certificate issued by the Medical Board/Head of
Deptt. or Sr. Medical Officer (Specialists) of a Central or State ADOPTION OF UNFAIR MEANS
Govt. Hospital certifying the nature (permanent or tempo-
rary) and percentage of disability, and its duration affecting While considering matters concerning conduct of Institutes
the normal physical functions; and December, 2006 examinations, the Examination Committee found
one Final examinee bearing Roll No.30684 (Regn No.ERO206035)
(ii) Letter of Permission issued by Sr. Secondary Board/Univer-
guilty of adopting unfair means in the examination. Accordingly,
sity and/or any other professional/educational examining
the Committee (a) cancelled results of his appearance in
body, such as UPSC, SSC, State Public Service Commis-
December, 2006 Examination; and (b) debarred him from appearing
sion, ICAI, ICWAI, etc., granting him/her assistance of a
in next two sessions of examination. The Committee further
Scribe and/or extra-time for writing examinations.
observed that such an unbecoming behaviour was not befitting
the aspirants intending to joint the profession of Company
Secretaryship and, therefore, any such attempt to indulge in unfair
NOTIFICATION practice by the examinee(s) shall be viewed seriously.
ICSI NO. 2 OF FEBRUARY, 2007 Sd/-
(N. K. Jain)
MERIT-CUM-MEANS ASSISTANCE SCHEME, 1983 Secretary & CEO
In pursuance of para 13 of the Merit-cum-Means Assistance
(Company Secretaryship Course) Scheme, 1983, as amended
upto 14th and 15th October, 2006, applications are invited to reach THE REGISTRATION OF NEWS PAPERS (CENTRAL)
the Institute in the prescribed form on or before 25th May, 2007 RULES, 1956 (FORM IV : RULE 8)
for award of 15 numbers of financial assistance each for pursuing Statement about ownership and other particulars of Student
Intermediate and Final course of the company secretaryship Company Secretary
from students who fulfil the eligibility criteria laid down under the 1. Place of Publication : New Delhi
said scheme. 2. Periodicity of Publication : Monthly
According to the scheme, a candidate applying for assistance 3. Printer's Name : N.K. Jain
should have passed Foundation or Both Groups of the Whether Citizen of India : Yes
Intermediate examination without exemption in any paper, at one If foreigner, State the country : Not applicable
sitting, in the first attempt in December, 2006 examination. The of origin
income of such a candidate, if employed or is having an Address : Secretary & Chief Executive
independent source of income, should not be more than Officer, The Institute of
Rs.1,50,000/- per annum and if he/she is dependent on his/her Company Secretaries of
parents/guardian/spouse whether partially or wholly, the combined India, 'ICSI House', 22,
income from all sources should not be more than Rs.2,50,000/- Institutional Area, Lodi Road,
per annum. New Delhi-110003
4. Publisher's Name : N.K. Jain
Prescribed application form together with a copy of the Merit-
Whether Citizen of India : Yes
cum-Means Assistance (Company Secretaryship Course)
If foreigner, State the country : Not applicable
Scheme, 1983 can be downloaded from the Institutes website
www.icsi.edu or obtained by post from the Institute free of cost of origin
by sending a self-addressed envelope of 23 cms. x 11 cms. Address : Secretary & Chief Executive
size duly affixed with postage stamp worth Rs.10/-. Officer, The Institute of
Applications not made on the prescribed forms and/or without Company Secretaries of
supporting documents, incomplete applications, applications not India, 'ICSI House', 22,
fulfilling the eligibility criteria laid down under the scheme or Institutional Area, Lodi Road,
applications not reaching the Institute on or before 25th May, 2007 New Delhi-110003
are liable to be rejected. 5. Editor's Name : N.K. Jain
BY ORDER OF THE COUNCIL Whether Citizen of India : Yes
If foreigner, State the country : Not applicable
File No.207:Exams: 2007 of origin
New Delhi 110 003. (N. K. JAIN) Address : Secretary & Chief Executive
Dated, the 28th February, 2007 Secretary & CEO Officer, The Institute of
Company Secretaries of
India, 'ICSI House', 22,
PROHIBITION ON CARRYING MOBILE PHONES Institutional Area, Lodi Road,
New Delhi-110003
TO EXAMINATION VENUE 6. Name and Address : Not applicable
Candidates intending to appear in the Company Secretaries of individual who Official journal of the
own the newspaper Institute of Company
examinations may note that carrying of Mobile phones, pagers
and partners or Secretarties of India
or any other communication devises are strictly prohibited into shareholers holding
the premises where Company Secretaries examinations are more than one per cent
conducted. Candidates are, therefore, advised not to bring any of the total capital
such prohibited items to the examination venue, as the Institute I, N.K. Jain, hereby declare that the particulars given above are
and/or the Examination Centre Staff shall not be responsible true to the best of my knowledge and belief.
for safekeeping of any such item(s). Infringement of these Sd/-
instructions shall tentamount to adoption of unfair means and N.K. JAIN
entail disciplinary action. Date : 28th Feb., 2007 Signature of the Publisher

Student Company Secretary 21 March 2007


Examination Results-December 2006
FOLLOWING ARE THE ROLL NUMBERS OF THE CANDIDATES WHO HAVE 18, 19, 20, 21, 23, 24, 25,26, 27, 29, 30, 36, 38, 91, 92, 95, 96, 98, 99,
PASSED THE FOUNDATION, INTERMEDIATE, FINAL EXAMINATIONS OF 6203, 05, 07, 59, 61,62, 63, 65, 66, 67, 71, 72, 73, 81, 83, 84, 85,
COMPANY SECRETARIES HELD IN DECEMBER, 2006 6344, 52, 53, 55, 56,57, 58, 62, 63, 65, 67, 72, 76, 78, 80, 81, 82, 83,
FOUNDATION EXAMINATION 84, 85, 86, 88, 89,90, 93, 95, 6460, 61, 79, 85, 86, 88, 90, 91, 92, 93,
94, 95, 96, 97, 6500, 01, 02, 06, 07, 08, 09, 10, 11, 12, 15, 16, 17, 18,
1007, 08, 12, 13, 14, 68, 69, 70, 77, 80, 85, 87, 88, 90, 94, 95, 96, 19, 20, 22,23, 24, 26, 28, 29, 33, 34, 35, 36, 38, 39, 40, 41, 42, 43, 99,
1100, 01, 02, 03, 04, 06, 07, 10, 11, 13, 17, 19, 20, 22, 23, 24, 26, 27, 6610, 11, 12, 15, 21, 23, 25, 27, 28, 29, 30, 33, 34, 35, 91, 94, 95, 96,
28, 29, 33, 39, 41, 42, 43, 44, 48, 51, 52, 59, 60, 62, 64, 65, 70, 71, 75, 98, 6701, 04, 08, 11, 13, 14, 16, 17, 20, 21, 26, 27, 28, 29, 30, 32,
76, 77, 78, 79, 81, 85, 86, 87, 88, 89, 90, 92, 93, 94, 95, 96, 98, 99, 33,34, 38, 41, 43, 46, 50, 52, 57, 58, 61, 63, 64, 69, 71, 73, 75, 77,
1201, 02, 03, 04, 05, 06, 07, 09, 10, 11, 13, 14, 15, 16, 17,18, 19, 20, 78,81, 84, 85, 86, 87, 90, 91, 92, 93, 94, 96, 97, 98, 99, 6800, 01,
23, 24, 25, 26, 27, 29, 30, 31, 33, 34, 35, 36, 38, 39, 40,41, 42, 43, 44, 02,03, 04, 08, 09, 12, 13, 15, 16, 20, 23, 25, 26, 30, 33, 34, 35, 36,
45, 46, 48, 50, 51, 52, 53, 54, 57, 59, 61, 62, 63, 65,66, 67, 69, 71, 72, 38,39, 42, 43, 44, 48, 49, 52, 53, 55, 63, 64, 68, 70, 71, 73, 6927,
73, 74, 75, 76, 78, 84, 85, 86, 88, 89, 91, 92, 94,96, 97, 98, 99, 1300, 29,30, 34, 42, 45, 46, 47, 52, 54, 57, 7011, 12, 13, 70, 71, 80, 83,
02, 03, 06, 07, 09, 10, 11, 13, 14, 17, 18, 20,21, 23, 26, 27, 29, 30, 31, 84,85, 88, 89, 98, 99, 7101, 02, 03, 04, 10, 11, 12, 13, 17, 18, 22,
32, 33, 35, 36, 37, 38, 39, 40, 42, 43, 45,47, 50, 52, 53, 54, 55, 56, 58, 23,28, 30, 33, 34, 36, 37, 38, 41, 42, 51, 58, 63, 67, 68, 73, 74, 78,
59, 60, 61, 62, 63, 64, 66, 67, 72, 73,74, 76, 77, 78, 80, 81, 82, 85, 86, 79,83, 87, 90, 92, 93, 95, 99, 7202, 05, 09, 10, 11, 14, 18, 21, 22,
89, 90, 92, 93, 94, 95, 96, 98, 99, 1400, 02, 04, 07, 08, 09, 10, 12, 13, 24,27, 30, 31, 32, 33, 34, 35, 39, 42, 44, 45, 48, 54, 69, 70, 71, 73, 74,
14, 16, 17, 20, 24, 25, 27, 34,36, 39, 43, 45, 46, 1546, 48, 52, 55, 56, 7329, 81, 86, 90, 92, 93, 94, 98, 7403, 04, 06, 07, 12, 15, 16, 17,19,
58, 59, 60, 62, 63, 67, 68,72, 73, 74, 76, 77, 1630, 36, 37, 96, 97, 20, 83, 84, 86, 87, 89, 7545, 46, 7609, 10, 12, 14, 15, 17, 20,21, 22,
1701, 03, 04, 08, 68, 72,73, 77, 78, 79, 83, 85, 88, 89, 91, 92, 95, 28, 31, 32, 36, 39, 40, 44, 46, 47, 51, 52, 54, 55, 57, 58, 60,61, 64, 65,
1852, 56, 57, 58, 60, 64,66, 71, 73, 74, 82, 83, 88, 89, 97, 98, 1900, 66, 67, 68, 75, 77, 78, 82, 83, 84, 86, 87, 88, 90, 92, 93,94, 95, 7747,
01, 02, 05, 08, 12, 14,17, 20, 22, 23, 24, 26, 27, 28, 30, 31, 32, 33, 35, 49, 50, 52, 56, 67, 68, 69, 70, 71, 79, 80 ENDS.
38, 39, 40, 48, 51,53, 54, 55, 56, 58, 61, 63, 67, 68, 70, 71, 2023, 24,
31, 33, 35, 37,43, 44, 46, 49, 51, 2105, 06, 11, 13, 16, 19, 22, 78, 79, INTERMEDIATE EXAMINATION (GROUP I ONLY)
80, 82, 2235, 36, 42, 43, 45, 48, 53, 55, 57, 2312, 26, 27, 35, 39, 42, 7884, 88, 97, 7911, 12, 13, 14, 32, 33, 50, 8162, 70, 88, 93, 96,97,
43, 44, 45,49, 51, 52, 54, 55, 56, 58, 59, 60, 61, 68, 71, 72, 73, 74, 75, 8209, 20, 21, 22, 24, 26, 27, 29, 30, 31, 37, 41, 43, 45, 52, 55,57, 58,
76, 77,78, 79, 80, 81, 87, 98, 2405, 08, 11, 12, 15, 16, 19, 24, 33, 40, 61, 62, 65, 66, 67, 68, 70, 71, 76, 79, 83, 99, 8300, 01, 03,06, 07, 09,
51,52, 53, 55, 56, 59, 60, 63, 72, 73, 75, 78, 80, 82, 83, 87, 88, 89, 13, 14, 17, 18, 19, 20, 22, 23, 32, 35, 57, 58, 62, 63, 65,66, 67, 69, 71,
90,92, 2501, 70, 74, 78, 81, 82, 84, 87, 88, 90, 91, 98, 2601, 03, 74, 79, 81, 83, 85, 8405, 08, 12, 15, 16, 19, 20, 29,31, 36, 41, 43, 46,
04,05, 06, 08, 09, 10, 13, 14, 15, 16, 19, 20, 21, 22, 23, 25, 26, 29, 49, 55, 58, 65, 66, 67, 69, 71, 73, 75, 77, 8848, 67, 83, 89, 8920, 30,
30,32, 33, 34, 36, 39, 40, 41, 42, 44, 48, 53, 54, 58, 59, 64, 65, 67, 39, 61, 63, 65, 78, 84, 94, 9000, 01, 11, 15,30, 33, 42, 54, 60, 69, 84,
75,81, 82, 84, 86, 87, 88, 89, 91, 93, 94, 95, 96, 97, 98, 99, 2700, 92, 9128, 35, 89, 92, 93, 9212, 26, 37,62, 76, 78, 79, 86, 88, 91, 96,
01,02, 05, 07, 08, 09, 11, 12, 13, 15, 21, 25, 27, 29, 32, 34, 35, 36, 9305, 09, 11, 21, 25, 27, 32, 52, 9403, 04, 08, 11, 12, 9565, 68, 71,
39,41, 42, 43, 45, 49, 51, 53, 54, 2808, 12, 14, 20, 21, 23, 24, 25, 72, 73, 74, 75, 76, 77, 78, 83, 90, 9729, 32, 33, 34, 97, 98, 9801, 02,
32,33, 35, 36, 38, 40, 41, 44, 46, 52, 53, 54, 57, 63, 64, 68, 72, 74, 04, 05, 9988, 10167, 80, 83, 88, 89,90, 92, 93, 94, 95, 10201, 05, 07,
75,82, 83, 87, 88, 89, 90, 92, 94, 95, 2900, 02, 08, 09, 10, 11, 13, 08, 62, 10340, 10412, 15, 20, 24,46, 50, 52, 63, 64, 65, 88, 89, 99,
15,18, 19, 21, 23, 27, 29, 37, 39, 42, 43, 46, 51, 54, 55, 57, 60, 63, 10507, 08, 11, 13, 16, 19, 10761, 78, 80, 90, 92, 95, 98, 10809, 40,
64,68, 70, 72, 76, 77, 89, 3042, 47, 50, 53, 54, 55, 56, 58, 59, 61, 43, 47, 50, 51, 54, 59, 66, 72, 76, 10933, 34, 35, 39, 43, 47, 55,
62,64, 65, 67, 69, 70, 72, 77, 78, 80, 85, 89, 90, 3102, 04, 07, 11, 11007, 14, 16, 11121, 79, 81, 84, 91, 93, 95, 11262, 11386, 89, 90,
16,20, 24, 26, 28, 29, 30, 31, 33, 34, 37, 41, 43, 45, 47, 48, 51, 56, 11401, 02, 11575, 78, 80, 81, 82, 83,88, 89, 96, 11603, 04, 05, 17, 18,
60,62, 65, 70, 71, 72, 74, 75, 76, 77, 79, 80, 81, 83, 84, 85, 87, 88, 19, 23, 25, 28, 29, 11768, 69, 75,77, 78, 11840, 45, 54, 55, 62, 63, 74,
90,91, 92, 95, 98, 3201, 07, 09, 10, 15, 17, 18, 19, 20, 21, 22, 23, 77, 78, 87, 11904, 15, 19, 24,25, 27, 29, 30, 37, 38, 39, 41, 47, 48, 50,
24,28, 31, 33, 34, 41, 42, 95, 3301, 07, 09, 10, 14, 15, 16, 17, 21, 60, 81, 83, 84, 86, 95, 98, 12001, 03, 05, 14, 15, 82, 99, 12283, 88,
25,26, 30, 33, 34, 35, 38, 40, 41, 42, 43, 44, 45, 50, 51, 3412, 13, 12308, 12, 22, 27, 34, 62,64, 67, 12425, 28, 30, 34, 37, 39, 46, 47, 48,
16,18, 19, 20, 21, 24, 26, 27, 29, 30, 34, 35, 38, 41, 42, 45, 48, 49, 49, 52, 54, 56, 58, 59,63, 79, 85, 87, 88, 89, 92, 97, 12501, 03, 09, 14,
50,52, 62, 63, 67, 69, 70, 71, 72, 74, 76, 77, 79, 80, 82, 85, 87, 88, 20, 21, 23, 26, 30,35, 36, 44, 46, 47, 66, 68, 75, 76, 77, 78, 79, 89, 96,
89,90, 93, 95, 3508, 09, 12, 13, 15, 16, 17, 18, 20, 21, 22, 23, 26, 98, 12604, 07,11, 65, 71, 12868, 77, 81, 12901, 02, 16, 20, 26, 28, 36,
27,28, 29, 30, 32, 34, 36, 37, 38, 97, 98, 3600, 02, 05, 08, 09, 12, 38, 44, 13021, 38, 39, 40, 43, 50, 53, 54, 56, 57, 59, 61, 64, 66, 69,
13,17, 20, 21, 22, 24, 25, 33, 92, 95, 96, 98, 99, 3700, 01, 02, 03, 72, 76, 79, 84,88, 93, 95, 13333, 47, 52, 53, 13420, 22, 24, 27, 36, 37,
04,05, 06, 07, 08, 10, 13, 70, 71, 72, 73, 80, 86, 94, 97, 99, 3800, 42, 43, 51,52, 53, 65, 67, 69, 72, 79, 80, 82, 84, 85, 88, 89, 99, 13503,
04,05, 06, 09, 12, 13, 16, 18, 21, 22, 28, 84, 86, 88, 90, 91, 94, 97, 06, 09,11, 17, 18, 19, 21, 22, 23, 27, 32, 34, 35, 38, 40, 42, 45, 50, 52,
98,99, 3907, 08, 09, 10, 16, 19, 20, 21, 24, 25, 29, 30, 31, 33, 34, 13811, 33, 38, 40, 43, 46, 49, 51, 13920, 31, 32, 50, 52, 54, 55, 58,
35,36, 37, 38, 39, 43, 46, 49, 52, 53, 55, 58, 59, 60, 62, 64, 65, 66, 63, 66, 14031, 14128, 31, 36, 98, 14200, 01, 14, 19, 22, 26, 30, 32,
67,70, 71, 77, 4029, 36, 37, 40, 43, 44, 47, 48, 49, 50, 4106, 07, 12, 34, 39,48, 53, 58, 63, 66, 68, 72, 76, 83, 85, 86, 91, 95, 96, 97, 14303,
14, 19, 21, 23, 26, 27, 30, 84, 87, 89, 92, 93, 94, 95, 96, 4203, 07,08, 05,08, 09, 10, 12, 15, 63, 68, 71, 73, 74, 84, 87, 91, 93, 14414, 15,
09, 11, 13, 14, 19, 74, 79, 4334, 36, 38, 39, 41, 42, 43, 44, 45,98, 16,17, 14635, 37, 39, 42, 48, 53, 57, 63, 65, 66, 68, 73, 75, 77, 84,
4401, 02, 05, 07, 14, 69, 70, 73, 74, 75, 76, 77, 78, 79, 80, 4534, 40, 90,91, 97, 98, 14707, 63, 64, 69, 79, 82, 14960, 65, 70, 71, 72, 76,
41, 44, 45, 47, 48, 55, 57, 59, 62, 65, 67, 68, 69, 70, 4624, 26,28, 34, 77,78, 82, 84, 85, 88, 93, 94, 95, 98, 15051, 53, 54, 56, 60, 63, 65,
35, 37, 41, 43, 54, 56, 58, 59, 61, 62, 71, 72, 73, 75, 76, 77, 4746, 52, 73,76, 81, 15186, 95, 97, 98, 15201, 03, 07, 09, 10, 12, 18, 82, 84,
54, 62, 63, 70, 4831, 33, 34, 38, 39, 40, 42, 47, 48, 49,50, 51, 4903, 86,93, 94, 96, 99, 15300, 03, 04, 09, 10, 11, 12, 18, 19, 21, 23, 34,
05, 07, 11, 15, 19, 22, 24, 25, 26, 27, 28, 80, 88, 89,92, 93, 97, 99, 38,41, 15516, 84, 85, 88, 89, 90, 91, 92, 93, 94, 15607, 08, 10, 14,
5000, 02, 03, 04, 06, 07, 08, 11, 12, 13, 14, 16, 21,22, 24, 30, 35, 36, 18,24, 27, 28, 42, 51, 52, 15707, 13, 15888, 91, 93, 94, 95, 98, 99,
47, 48, 50, 51, 5109, 16, 18, 19, 23, 27, 29, 30,33, 35, 41, 43, 45, 46, 15901, 05, 06, 10, 11, 13, 18, 19, 30, 31, 32, 34, 35, 38, 42, 44,
47, 50, 51, 54, 57, 58, 59, 61, 62, 63, 65, 70,74, 76, 81, 82, 83, 87, 16087, 88, 16147, 48, 54, 56, 63, 67, 69, 16226, 27, 30, 16368, 70,
5237, 38, 40, 48, 50, 53, 55, 58, 59, 60, 5317,18, 27, 31, 32, 33, 43, 81, 83, 84,89, 98, 16458, 16543, 16603, 06 16767, 69, 80, 84, 92,
44, 5400, 04, 06, 07, 10, 11, 12, 16, 17, 21,22, 29, 31, 32, 34, 36, 48, 16850, 51, 16939, 42, 45 17014, 17, 19, 20, 21, 22, 23, 26, 31, 32,
49, 50, 51, 57, 5517, 18, 19, 20, 21, 92,95, 5648, 53, 56, 5763, 64, 17144, 17204 , 06, 08, 09, 10, 11, 17, 69, 17359, 17422, 23, 24, 25,
5819, 20, 22, 27, 29, 30, 5936, 38,39 6004, 06, 09, 11, 12, 19, 20, 22, 31, 42, 17576, 79, 17639, 40, 47, 49, 50, 57, 59, 60, 61, 63, 65, 67,
24, 26, 27, 28, 29, 32, 34, 35,40, 47, 49, 51, 52, 54, 55, 56, 6110, 17, 70, 78, 79, 80,81, 82, 85, 87, 17742, 17843, 44, 47, 50, 17906, 08,

Student Company Secretary 22 March 2007


Examination Results-December 2006
10, 14, 18, 21,27, 28, 35, 37, 41, 44, 96, 18001, 83, 84, 18151, 59, 37, 39, 44, 45, 46, 48, 51, 52, 53,56, 57, 58, 60, 62, 64, 65, 67, 68, 71,
71, 72, 18372, 18558, 60, 62, 68, 76, 78, 91, 96, 97, 99, 18600, 02, 72, 75, 77, 80, 86, 87, 88, 89,91, 93, 94, 95, 96, 99, 12200, 03, 05,
09, 16, 26, 32,60, 71, 76, 79, 81, 83, 97, 18706, 27, 32, 43, 56, 61, 06, 12, 13, 14, 69, 71, 73, 78,93, 94, 12303, 06, 13, 20, 23, 30, 39,
68, 69, 78, 83,85, 90, 98, 18800, 14, 22, 24, 33, 37, 19170, 72, 75, 40, 48, 56, 12678, 79, 87, 88,89, 91, 94, 96, 98, 12703, 06, 09, 13,
78, 81, 83, 91, 19206, 10, 28, 34, 42, 56, 60, 65, 69, 72, 19332, 33, 14, 15, 17, 18, 19, 21, 22, 24,26, 28, 30, 31, 32, 36, 37, 38, 40, 41, 45,
36, 39, 42, 45,66, 73, 76, 81, 84, 95, 19410, 12, 17, 20, 22, 26, 35, 37, 46, 47, 52, 53, 54, 55, 57,59, 60, 61, 63, 65, 66, 67, 70, 71, 72, 73, 74,
38, 43, 49, 19683, 90, 93, 96, 19706, 08, 09, 17, 20, 22, 25, 27, 37, 75, 76, 78, 79, 84, 86,87, 90, 91, 92, 93, 96, 97, 98, 99, 12801, 02,
41, 43, 19802, 11, 14, 15, 21, 59, 67, 69, 73, 87, 88, 93, 98, 99, 03, 05, 09, 12, 13, 14,61, 67, 73, 97, 12903, 25, 46, 97, 13164, 71,
19900, 12, 20082, 83, 85, 93, 95, 20104, 69, 99, 20203, 04, 12, 73, 75, 78, 82, 83, 86,87, 89, 94, 96, 13201, 04, 06, 07, 09, 11, 13, 15,
20395, 96, 20471, 73,84, 87, 96, 97, 20506, 09, 17, 21, 27, 31, 43, 16, 19, 21, 22, 23, 24, 25, 26, 27, 28, 31, 33, 35, 39, 40, 44, 45, 50, 52,
45, 56, 66, 68, 86, 91,95, 97, 98, 20600, 09, 11, 13, 21, 24, 25, 32, 33, 13305, 21, 25,32, 41, 42, 43, 44, 50, 54, 13622, 25, 30, 31, 33, 35, 36,
53, 56, 64, 69, 77, 20970, 74, 21008, 22, 38, 21102, 07, 21237, 41, 37, 38, 42,48, 51, 52, 53, 54, 56, 57, 59, 60, 61, 64, 65, 66, 67, 68, 69,
99, 21304, 08, 21489 ,90, 92, 21511, 14, 21640, 94, 95, 98, 21703, 70, 71,73, 74, 75, 76, 77, 79, 84, 85, 86, 87, 88, 89, 90, 92, 93, 94, 95,
21818, 78, 79, 81, 85,95, 21901, 22039, 43, 95, 98, 22102, 04, 06, 08, 96,97, 98, 99, 13700, 01, 02, 03, 04, 06, 07, 08, 10, 11, 14, 15, 16,
10, 11, 12, 18, 22260, 63, 76, 77, 22339, 40, 43, 46, 47, 22545, 48, 18,19, 20, 21, 25, 26, 27, 28, 30, 31, 32, 33, 34, 35, 36, 38, 40, 41,
49, 22688, 22746, 48,59, 61, 63, 69, 71, 72, 80, 90, 98, 22811, 21, 42,46, 48, 55, 13806, 12, 25, 27, 29, 32, 35, 44, 47, 52, 55, 56, 14036,
25, 40, 45, 47, 53, 57,58, 60, 64, 75, 79, 81, 82, 84, 85, 92, 95, 22902, 39, 43, 44, 47, 48, 50, 51, 52, 54, 55, 56, 58, 60, 61, 62, 64, 65, 69,
04, 07, 08, 12, 23123 , 27, 35, 43, 51, 60, 63, 65, 66, 84, 23259, 66, 14122, 29, 14426, 27, 29, 30, 35, 36, 37, 38, 41, 42, 43, 45, 53,
69, 73, 84, 92, 95, 98, 23302, 05, 08, 10, 12, 16, 17, 22, 30, 31, 32, 59,60, 61, 62, 63, 64, 65, 66, 71, 72, 74, 76, 79, 80, 82, 83, 84, 88,
35, 36, 44, 45, 50, 52,53, 55, 56, 57, 58, 61, 62, 63, 64, 67, 69, 71, 75, 89,90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 14500, 01, 03, 04, 05, 06,
76, 77, 79, 81, 23432, 23645, 49, 51, 55, 66, 81, 23735, 52, 53, 63, 07,09, 10, 11, 13, 14, 16, 17, 22, 23, 25, 27, 28, 29, 30, 31, 32, 34,
65, 82, 84, 89, 90, 23994, 24190, 94, 96, 24202, 03, 04, 11, 13, 15, 36,37, 91, 93, 95, 97, 99, 14600, 02, 05, 07, 08, 10, 11, 13, 14, 15,
17, 18, 19, 20, 22, 23, 26,32, 40, 24307, 24, 25, 28, 36, 38, 41, 42, 16,17, 24, 25, 26, 27, 28, 30, 33, 34, 43, 50, 51, 69, 78, 81, 94, 95,
45, 24458, 60, 73, 82, 24542, 49, 66, 73, 89, 90, 95, 98, 99, 24608, 14700, 06, 11, 12, 62, 77, 83, 15085, 86, 87, 89, 90, 92, 93, 94, 95,
13, 15, 21, 30, 36, 42, 48, 49,57, 58, 60, 61, 66, 67, 68, 69, 71, 76, 79, 96, 99, 15100, 01, 04, 05, 06, 07, 08, 09, 10, 12, 15, 16, 17, 69, 72,
80, 81, 82, 84, 88, 94, 95, 24704, 08, 11, 13, 65, 66, 24985, 25000, 77, 80, 15205, 15, 19, 20, 75, 77, 15415, 17, 18, 19, 20, 21, 23, 24,
09, 10, 11, 27, 30, 45, 48,49, 25104, 06, 07, 08, 09, 10, 14, 18, 20, 24, 25, 26,27, 28, 29, 31, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46,
25, 26, 45, 53, 54, 56,58, 61, 72, 73, 79, 83, 84, 89, 93, 94, 96, 25200, 47,48, 15504, 11, 12, 15, 15719, 28, 29, 34, 36, 37, 38, 42, 43, 44,
10, 23, 26, 25423, 31, 43, 48, 52, 25506, 11, 12, 13, 14, 15, 16, 23, 45,46, 47, 48, 49, 52, 53, 54, 55, 56, 58, 60, 61, 62, 64, 65, 15819,
24, 26, 27, 29, 31,32, 42, 47, 54, 55, 62, 68, 72, 73, 75, 83, 84, 93, 20,23, 32, 33, 36, 15997, 98, 16000, 03, 04, 07, 08, 09, 11, 16, 17,
25606, 07, 09, 10,12, 13, 14, 15, 23, 25, 27, 28, 36, 37, 40, 47, 51, 52, 18,19, 20, 21, 22, 26, 27, 16234, 38, 39, 40, 41, 43, 45, 47, 48, 49,
65, 68, 71, 72,73, 75, 77, 79, 94, 97, 98, 25702, 03, 04, 06, 08, 10, 52,54, 16307, 08, 11, 12, 16467, 71, 73, 75, 79, 16534, 35, 36, 46,
13, 14, 16, 17,39, 46, 47, 50, 57, 60, 61, 63, 64, 81, 82, 83, 85, 86, 87, 16863, 65, 67, 70, 71, 72, 73, 75, 77, 16933, 35, 37, 56, 57, 61,
89, 91, 92,94, 95, 96, 98, 99, 25800, 02, 10, 11, 16, 20, 21, 22, 23, 27, 17087, 88,90, 17142, 43, 17281, 82, 83, 84, 85, 87, 88, 89, 17342,
28, 30,32, 35, 38, 39, 25925, 26, 26311, 39, 44, 62, 72, 96, 98, 43, 44, 45,47, 48, 50, 51, 52, 57, 17418, 17502, 03, 04, 07, 08, 09,
26407, 13,21, 32, 48, 51, 83, 84, 89, 92, 93, 94, 95, 26501, 14, 30, 12, 13, 15,18, 81, 82, 84, 17748, 49, 50, 51, 52, 54, 55, 56, 58, 60,
97, 26603, 10, 12, 15, 17, 19, 41, 43, 26829, 91, 95, 27073, 77, 80, 64, 65, 66,67, 68, 69, 70, 71, 72, 74, 75, 76, 17835, 36, 41, 17903,
85, 86, 87, 27113, 14, 18, 23, 24, 29, 31, 42, 50, 54, 60, 62, 64, 65, 69, 18008, 10,11, 12, 14, 17, 19, 20, 21, 22, 23, 25, 79, 85, 88, 90, 92, 98,
70, 71,84, 86, 88, 89, 90, 92, 95, 27201, 10, 14, 33, 43, 46, 47, 49, 18235, 36, 39, 40, 41, 42, 43, 45, 46, 47, 99, 18357, 18432, 33, 34,
51, 67,79, 80, 82, 83, 84, 90, 95, 27301, 05, 17, 25, 29, 27661, 72, 35, 37,39, 40, 41, 42, 43, 18913, 16, 20, 23, 34, 35, 45, 46, 47, 48,
81 27700,10, 12, 14, 27, 28, 33, 27834, 39, 45, 56, 28028, 36, 42, 51, 53,60, 62, 63, 64, 66, 68, 78, 84, 88, 92, 97, 19000, 01, 05, 08,
44, 28108,15, 99, 28264, 66, 71, 72, 28392, 28401, 58, 59, 71, 72,
15, 16,17, 18, 19, 20, 25, 31, 33, 36, 39, 42, 44, 50, 52, 55, 62, 65, 83,
73, 28608, 68, 69, 72, 74, 83, 95, 28700, 02, 08, 09, 11, 12, 15, 16,
84,87, 88, 89, 91, 93, 19102, 64, 67, 80, 84, 88, 92, 19211, 15, 26,
17, 19, 25,28, 30, 33, 36, 40, 41, 54, 62, 64, 65, 66, 67, 69, 73, 83, 84,
39,70, 19507, 08, 14, 17, 20, 21, 29, 31, 32, 33, 41, 44, 45, 48, 49,
88, 96,97, 98, 28806, 10, 13, 16, 17, 18, 21, 27, 31, 32, 33, 97,
51,52, 53, 55, 56, 63, 64, 65, 67, 68, 71, 72, 74, 78, 82, 85, 86, 92,
29138, 45,67, 71, 80, 29202, 06, 10, 13, 21, 32, 93, 95, 29300, 03,
93,94, 97, 98, 19604, 06, 08, 09, 13, 14, 15, 16, 17, 71, 78, 84, 89,
07, 29496, ENDS.
19707, 31, 33, 38, 39, 47, 19971, 72, 73, 76, 77, 78, 79, 83, 84, 85,
INTERMEDIATE EXAMINATION (GROUP II ONLY) 87, 90,91, 92, 95, 99, 20002, 03, 13, 15, 16, 19, 21, 24, 27, 96,
8005, 09, 22, 37, 92, 8568, 71, 73, 74, 76, 79, 82, 85, 86, 89, 91,92, 20287, 90,94, 95, 96, 97, 20303, 05, 07, 14, 15, 17, 18, 19, 25, 88,
94, 96, 97, 8601, 02, 04, 07, 14, 15, 19, 21, 22, 24, 27, 44, 45,48, 49, 89, 90, 92,94, 97, 98, 20745, 46, 52, 54, 62, 63, 71, 78, 80, 81, 88,
50, 51, 52, 53, 54, 55, 56, 57, 58, 63, 64, 65, 67, 68, 69, 71,72, 73, 74, 91, 92, 98, 20809, 10, 16, 27, 28, 30, 31, 37, 45, 47, 48, 54, 55, 58,
75, 77, 79, 80, 81, 82, 85, 87, 89, 90, 91, 92, 93, 95, 96,97, 98, 99, 59, 60, 62,64, 66, 67, 68, 81, 88, 20941, 42, 56, 60, 65, 87, 21000,
8700, 01, 02, 03, 04, 10, 11, 16, 17, 18, 21, 22, 24, 25,27, 28, 32, 33, 10, 16, 18,20, 35, 21168, 74, 76, 79, 80, 81, 21233, 34, 21365, 66,
34, 35, 36, 37, 38, 39, 42, 43, 45, 46, 48, 50, 51, 53,55, 56, 57, 61, 67, 68, 69, 21421, 24, 30, 21569, 70, 73, 75, 77, 80, 81, 21635, 39,
68, 69, 72, 81, 82, 8864, 68, 97, 8901, 02, 25,41, 43, 44, 51, 66, 73, 21759, 21959, 61,64, 65, 68, 72, 75, 80, 82, 22176, 79, 84, 85, 86,
79, 83, 9005, 16, 17, 25, 28, 31, 45, 49, 50,59, 66, 80, 82, 9100, 01, 88, 93, 22202, 05,58, 59, 66, 72, 78, 22406, 10, 11, 22603, 10, 21,
04, 08, 12, 21, 22, 31, 36, 46, 53, 54, 62,66, 9218, 19, 29, 33, 42, 43, 31, 91, 22967, 73,75, 77, 84, 85, 86, 92, 95, 97, 98, 23000, 03, 04,
44, 46, 47, 49, 58, 63, 64, 71, 77, 90,93, 94, 97, 98, 99, 9306, 13, 40, 08, 11, 14, 17, 18,19, 20, 21, 23, 24, 25, 26, 28, 29, 31, 32, 33, 37, 38,
41, 63, 65, 69, 70, 77, 79, 92, 98,99, 9402, 14, 9652, 53, 54, 57, 59, 39, 42, 43, 45,48, 49, 52, 54, 57, 59, 60, 62, 64, 67, 69, 23140, 50,
61, 62, 68, 9728, 31, 35, 9869, 70, 9922, 10044, 46, 47, 49, 50, 51, 56, 59, 79, 82,90, 93, 96, 23435, 37, 43, 44, 45, 46, 53, 56, 58, 60,
53, 10112, 14, 10267, 68, 69,71, 73, 75, 76, 77, 78, 79, 80, 81, 82, 62, 64, 65, 69,76, 77, 78, 82, 83, 84, 85, 87, 90, 91, 93, 95, 96, 97, 98,
83, 85, 10339, 47, 10586, 91,95, 97, 99, 10604, 07, 10, 12, 13, 14, 99, 23504, 06, 17, 18, 19, 20, 21, 23, 24, 25, 26, 27, 28, 29, 30, 31,
23, 29, 31, 34, 35, 38, 39, 46,51, 53, 56, 58, 59, 60, 62, 63, 65, 66, 69, 32, 35, 43,44, 45, 46, 47, 50, 51, 52, 53, 57, 58, 61, 63, 65, 66, 74, 75,
70, 72, 75, 77, 79, 80, 83,86, 87, 88, 89, 90, 92, 97, 98, 10700, 01, 77, 79, 23641, 43, 53, 58, 61, 63, 77, 23737, 23844, 50, 51, 52, 53,
73, 81, 88, 91, 94, 96, 10810,13, 15, 26, 30, 34, 42, 65, 70, 77, 54, 58,59, 62, 65, 23922, 24, 26, 24062, 63, 65, 66, 67, 70, 71, 72,
10930, 11019, 21, 22, 23, 25, 29,30, 32, 36, 37, 38, 40, 41, 43, 44, 24124, 26, 24349, 51, 52, 57, 61, 63, 67, 69, 70, 73, 74, 75, 76, 80,
46, 47, 48, 49, 50, 51, 11106, 08,10, 12, 19, 20, 11265, 70, 72, 74, 81, 82, 24434, 39, 44, 49, 50, 57, 61, 64, 65, 67, 24772, 74, 77, 81,
75, 11330, 32, 11455, 11512, 11684 ,85, 87, 89, 90, 91, 93, 11703, 83, 85,87, 90, 91, 92, 93, 94, 95, 96, 98, 99, 24807, 09, 10, 11, 12, 14,
05, 06, 07, 10, 72, 80, 12100, 08, 10,11, 21, 22, 27, 28, 29, 31, 35, 36, 15,16, 18, 24, 31, 32, 35, 36, 39, 42, 52, 54, 57, 58, 59, 61, 66, 67,
Student Company Secretary 23 March 2007
Examination Results-December 2006
68,71, 72, 74, 75, 77, 78, 79, 80, 81, 82, 83, 85, 91, 92, 93, 97, 98, FINAL EXAMINATION (GROUP I ONLY)
24901, 04, 57, 61, 71, 72, 79, 89, 96, 25008, 31, 41, 50, 25279, 84, 29652, 53, 59, 61, 29838, 30006, 68, 72, 74, 78, 80, 82, 83, 85,
87, 89,91, 93, 94, 95, 97, 98, 25301, 09, 11, 12, 16, 17, 21, 22, 24, 26, 86,87, 92, 93, 95, 96, 97, 99, 30102, 03, 04, 05, 06, 07, 08, 09, 10,
32,34, 35, 39, 41, 42, 43, 44, 45, 47, 49, 50, 52, 25419, 30, 32, 33, 11,12, 13, 14, 15, 16, 17, 18, 30351, 52, 30435, 39, 30592, 93, 95,
35,36, 45, 47, 54, 55, 25929, 35, 39, 40, 42, 43, 45, 48, 50, 52, 54, 30671, 30718, 50, 30807, 09, 30971, 31188, 31562, 64, 31938, 39,
59,66, 67, 71, 73, 77, 81, 82, 83, 86, 88, 89, 90, 94, 97, 98, 99, 26000, 32317,25, 32, 36, 38, 91, 32535, 36, 43, 45, 32744, 45, 32810, 11, 13,
01, 02, 03, 05, 07, 10, 12, 14, 15, 16, 17, 18, 19, 22, 25, 30, 32, 34,38, 66, 32980, 33035, 90, 33200, 01, 33469, 33578, 33944, 46, 48, 49,
40, 42, 44, 45, 46, 47, 50, 51, 52, 53, 54, 55, 56, 57, 59, 60, 62,63, 67, 51,53, 54, 55, 56, 34185, 34293, 34349, 60, 61, 65, 68, 71, 72, 73,
70, 72, 73, 74, 75, 76, 77, 78, 80, 82, 83, 84, 85, 87, 93, 96,97, 98, 74, 34584, 95, 34652, 34800, 04, 08, 66, 68, 69, 70, 74, 77, 78, 79,
26100, 01, 02, 07, 08, 09, 10, 11, 16, 18, 19, 21, 23, 24, 27,28, 30, 34, 85,86, 88, 91, 92, 98, 34902, 03, 05, 06, 35158, 60, 63, 66, 35226,
35, 37, 39, 40, 41, 42, 43, 47, 49, 51, 52, 55, 57, 58, 63,67, 68, 70, 71, 42, 35384, 91, 98, 35402, 63, 64, 69, 70, 73, 77, 79, 80, 82, 84, 85,
74, 79, 81, 82, 83, 84, 85, 88, 89, 91, 92, 94, 95, 97,99, 26200, 01, 35539, 35684, 85, 35934, 36, 39, 40, 42, 45, 48, 56, 58, 60, 61, 63,
02, 06, 07, 09, 10, 11, 12, 13, 14, 16, 17, 19, 21, 22,23, 24, 26, 27, 66, 67,68, 70, 71, 36208, 12, 14, 16, 83, 84, 89, 36471, 72, 75, 79,
26305, 09, 25, 40, 42, 54, 61, 68, 71, 86, 90, 95, 26410, 20, 24, 28, 36705, 07, 36872, 73, 76, 78, 80, 82, 83, 85, 36937, 37077, 82, 85,
29, 31, 34, 38, 41, 42, 54, 55, 56, 61, 63, 76, 78, 81, 82,91, 99, 26505, 37138, 39, 42, 48, 52, 37289, 37357, 37723, 25, 26, 80, 81, 38061,
07, 09, 10, 15, 18, 26706, 12, 14, 15, 18, 21, 22, 23,24, 25, 26, 29, 38117, 20, 21, 22, 38303, 04, 38524, 26, 28, 30, 31, 32, 34, 35, 36,
30, 33, 34, 36, 41, 43, 44, 45, 47, 54, 26806, 11, 14,15, 17, 26, 37, 38, 38711, 13, 14, 38933, 34, 35, 36, 37, 39103, 55, 56, 39264,
26952, 53, 58, 27019, 27417, 20, 21, 32, 33, 34, 36, 37,40, 42, 43, 39319, 20, 22, 23, 39489, 39546, 98, 39707, 09, 10, 16, 39951,
46, 48, 51, 54, 56, 57, 59, 60, 71, 72, 73, 74, 76, 82, 87,88, 89, 92, 94, 40481, 82,83, 84, 40813, 41026, 80, 41235, 36, 41450, 41505, 64,
98, 99, 27500, 01, 04, 06, 08, 10, 12, 13, 14, 17, 26,27, 28, 30, 32, 41618, 41777, 41829, 41987, 89, 93, 95, 98, 99, 42000, 42226,
33, 34, 35, 36, 39, 40, 42, 43, 44, 47, 48, 52, 64, 65,66, 72, 73, 75, 76, 42398, 42407, 42964, 43016, 43173, 43491, 92, 43565, 67, 70, 71,
77, 78, 80, 81, 82, 83, 84, 86, 87, 89, 90, 91, 92,93, 95, 96, 97, 27657, 72, 74, 76, 77, 43788, 90, 43847, 56, 61, 43985, 87, 44000, 02, 73,
66, 69, 70, 77, 79, 89, 92, 27703, 06, 09, 23,31, 32, 34, 38, 40, 45, 77, 80, 85, 86, 87, 44288, 44343, 45, 44550, 51, 53, 57, 44781, 84,
51, 54, 57, 58, 59, 60, 61, 66, 76, 78, 27912, 14, 17, 71, 28119, 21, 44905, 58, 59, 60, 63, 64, 45146, 45207, 45318, 84, 85, 94, 45411,
23, 24, 26, 27, 28, 29, 31, 32, 33, 34, 35, 36,88, 90, 95, 28327, 30, 13, 14, 15, 18, 45644, 46, 50, 45712, 67, 45856, 64, 45924, 25,
31, 32, 35, 36, 37, 99, 28540, 42, 43, 28605, 06, 28902, 03, 04, 07, 46138, 40, 46301, 46616, 46825, 47039, 47773, 75, 76, 47992,
10, 19, 20, 23, 25, 28, 29, 34, 37, 38, 42, 43,44, 45, 46, 51, 53, 55, 58, 48157, 48371, 48534, 48856, 48909, 10, 11, 15, 17, 22, 23, 49116,
61, 64, 65, 68, 70, 76, 78, 79, 82, 83, 86,87, 88, 91, 92, 93, 95, 98, 99, 73, 76, 49293, 49356, 58, 59, 63, 67, 49807, 09, 12, 49981, 82,
29003, 04, 05, 09, 10, 13, 14, 16, 17,20, 21, 22, 23, 28, 31, 37, 38, 39, 50035, 50204, 06, 61, 50591, 94, 95, 50647, 50836, 39, 97, 51011,
40, 51, 55, 56, 57, 63, 67, 69, 70,71, 29131, 35, 44, 50, 53, 55, 56, 12, 14, 16, 20, 22, 24, 27, 28, 29, 33, 51244, 53, 55, 51309, 11,
60, 62, 68, 72, 75, 83, 90, 93, 95, 29233, 34, 35, 29374, 77, 78, 51462, 66, 51523, 27, 28, 29, 30, 31, 32, 33, 51718,79, 81, 82,
29431, 35, 39, ENDS. 51976, 77, 78, 79, 82, 86, 88, 89, 94, 97, 98, 99, 52000, 02, 03, 05,
INTERMEDIATE EXAMINATION (BOTH GROUPS) 06, 08, 09, 11, 13, 14, 16, 17, 18, 20, 21, 23, 24, 25, 26,27, 28, 29, 30,
8100, 03, 04, 8854, 55, 56, 73, 86, 87, 94, 95, 8904, 07, 21, 23,38, 81, 52315, 21, 23, 28, 29, 32, 33, 35, 36, 92, 52404, 11, 12, 17, 18,
45, 46, 47, 48, 50, 52, 57, 59, 62, 68, 86, 87, 88, 89, 91, 92, 95,96, 98, 20, 24, 30, 52625, 38, 96, 97, 99, 52705, 08, 09, 52878, 53470, 73,
99, 9002, 06, 07, 12, 14, 20, 21, 36, 37, 39, 41, 44, 61, 64,65, 70, 71, 77, 85, 87, 89, 90, 91, 92, 93, 97, 98, 99, 53718, 84, 85, 53802,
72, 77, 9105, 11, 15, 16, 19, 23, 25, 30, 41, 42, 44, 45,49, 52, 55, 58, 53938, 40, 54361, 64, 54576, 77, 83, 54745, 54908, 55502, 08, 12,
59, 60, 61, 63, 65, 67, 68, 70, 73, 74, 75, 76, 77, 79,80, 82, 87, 88, 91, 13, 15, 16, 17, 18, 19, 20, 21, 55722, 23, 24, 25, 84, 86, 87,88, 90,
94, 95, 96, 9200, 01, 02, 04, 05, 06, 07, 08, 09,10, 11, 13, 14, 15, 17, 55976, 77, 79, 80, 81, 56138, ENDS.
20, 21, 22, 23, 25, 27, 28, 30, 31, 32, 35, 36,38, 39, 40, 41, 45, 48, 50, FINAL EXAMINATION (GROUP II ONLY)
51, 52, 53, 54, 56, 57, 59, 60, 61, 65, 66,69, 70, 72, 73, 74, 75, 80, 81, 29722, 29836, 39, 30173, 75, 79, 80, 81, 82, 83, 84, 90, 91, 92,
82, 83, 84, 85, 87, 92, 95, 9300, 01,02, 04, 12, 14, 15, 16, 18, 23, 26, 94,95, 96, 97, 98, 30200, 01, 02, 03, 30348, 54, 56, 58, 59, 62, 64,
28, 31, 33, 35, 36, 38, 42, 43, 44,45, 46, 47, 48, 49, 51, 54, 56, 57, 60, 66,67, 68, 30502, 04, 06, 10, 15, 16, 20, 23, 26, 85, 30609, 11, 15,
62, 66, 67, 71, 73, 74, 75, 78,80, 81, 82, 83, 85, 86, 87, 88, 89, 90, 94, 16,20, 32, 42, 66, 72, 73, 81, 96, 99, 30731, 30862, 64, 65, 31079,
96, 97, 9400, 01, 05, 06, 07, 09, 13, 9739, 10113, 10341, 44, 46, 31241, 44, 31349, 31453, 31616, 19, 31993, 32396, 98, 32400,
49, 10753, 60, 64, 71, 86,99, 10800, 01, 08, 22, 23, 28, 29, 33, 39, 03, 05, 07,08, 09, 10, 11, 12, 32534, 38, 44, 47, 32867, 68, 33254,
41, 49, 52, 53, 55, 56, 57,58, 60, 62, 64, 73, 74, 75, 79, 11115, 17, 18, 33365, 34011, 13, 14, 15, 34132, 34241, 34427, 33, 36, 37, 39, 41,
11333, 11517, 11770 ,81, 82, 12281, 82, 89, 90, 99, 12307, 11, 17, 43, 44, 45, 48,50, 34588, 90, 91, 96, 34722, 23, 32, 35, 45, 34803,
18, 21, 32, 41, 42, 50,55, 58, 66, 12878, 80, 88, 90, 95, 99, 12907, 34972, 74, 75,77, 79, 81, 82, 83, 84, 85, 87, 90, 91, 92, 94, 95, 96, 97,
14, 15, 23, 32, 40, 41, 42, 45, 13311, 12, 22, 26, 30, 13409, 13817, 98, 35001, 02, 03, 04, 05, 06, 07, 08, 09, 11, 64, 35151, 64, 35220,
22, 23, 45, 50, 57, 62,63, 64, 66, 14644, 61, 74, 79, 80, 85, 87, 88, 35308, 10,13, 30, 93, 35400, 35547, 52, 58, 60, 35613, 80, 82, 83,
93, 14701, 02, 08, 09,66, 15187, 89, 92, 15200, 04, 06, 08, 11, 14, 35802, 13, 36026, 29, 32, 36, 41, 42, 43, 44, 45, 46, 48, 49, 51, 52,
17, 21, 22, 23, 74, 76,83, 87, 15508, 10, 13, 18, 15826, 16086, 53, 54, 55,56, 57, 61, 62, 36205, 36347, 36412, 14, 36531, 32, 35,
16539, 49, 16943, 44, 47,54, 55, 17353, 54, 17578, 17840, 42, 48, 36, 36761, 36940, 45, 46, 47, 48, 49, 50, 52, 53, 54, 55, 37006, 07,
49, 18095, 18150, 18497, 19155, 60, 19203, 18, 35, 45, 47, 51, 55, 08, 12, 76, 37214, 84, 37897, 98, 38004, 59, 38176, 80, 84, 87, 88,
57, 64, 19677, 86, 88, 95, 19705, 10, 11, 15, 18, 23, 28, 30, 35, 40, 89, 90, 38416, 38593, 96, 38822, 23, 38989, 90, 91, 92, 39102,
20089, 20102, 20385, 20406, 20973, 88, 21002, 07, 14, 21, 28, 36,
39210, 39377, 39491, 39778, 79, 40009, 40537, 39, 40, 92, 40699,
43, 21238, 43, 21423, 33, 22034, 22274, 22690, 23129, 34, 39, 67,
40753, 40811, 40920, 41025, 41507, 41881, 42054, 55, 56, 57,
68, 70, 94, 23201, 03, 23654, 56,64, 83, 23923, 27, 24130, 31,
42109, 10, 42460, 62, 63,64, 65, 66, 67, 68, 69, 70, 71, 42587, 42693,
24459, 66, 71, 72, 79, 81, 24534, 36, 24964, 67, 70, 75, 80, 86, 88,
42856, 57, 58, 59, 60, 43226, 27, 43632, 33, 36, 37, 39, 42, 47, 51,
91, 92, 93, 25001, 05, 18, 19, 25, 26,42, 43, 46, 47, 25416, 20, 25,
52, 55, 43785, 43913, 44011, 44144, 45, 52, 53, 54, 57, 58, 59, 60,
27, 37, 38, 42, 50, 26316, 23, 32, 41,50, 55, 56, 57, 60, 63, 64, 65,
87, 92, 94, 97, 26414, 19, 23, 25, 27,30, 37, 43, 44, 62, 72, 77, 80, 61, 63, 64, 44286, 44400, 03, 26, 79, 82, 44613, 44729, 44840, 45,
86, 97, 26506, 11, 13, 16, 17, 88, 27020, 27655, 58, 59, 60, 62, 64, 45018, 19, 22, 30, 31, 32, 45259, 60, 45472, 94, 45500, 01, 03, 05,
65, 68, 27702, 05, 08, 16, 18, 19, 20, 25,30, 46, 53, 56, 65, 27976, 06, 08, 45769, 76, 77, 78,79, 80, 81, 83, 84, 91, 93, 45852, 46353,
28197, 98, 28201, 03, 28390, 97, 28400, 28601, 02, 07, 29130, 46, 46721, 46929, 31, 33, 47666, 47939, 48047, 48209, 48424, 25, 79,
48, 54, 64, 82, 92, 94, 96, 97, 98, 99, 29203,12, 20, 28, 30, 29437, 48981, 82, 85, 87, 89, 92, 93,94, 96, 97, 49422, 26, 34, 35, 49687,
38, 40, 41, 42, ENDS. 49748, 49, 49868, 69, 49980, 50090, 50264, 50378, 79, 50650, 51,

Student Company Secretary 24 March 2007


Examination Results-December 2006
52, 53, 54, 50706, 50834, 37, 51085, 88, 89, 90, 91, 93, 98, 99, 34655, 56, 57, 58,59, 60, 61, 62, 63, 34809, 11, 35223, 25, 29, 33,
51100, 02, 03, 04, 05, 06, 07, 08,09, 10, 11, 12, 65, 51250, 51392, 94, 36, 38, 43, 45, 48,49, 50, 51, 52, 53, 54, 55, 56, 35456, 35740, 41,
51453, 51588, 89, 90, 93, 94,96, 98, 99, 51601, 51716, 20, 21, 51837, 42, 43, 44, 45, 46,47, 36280, 82, 87, 88, 90, 91, 36415, 37143, 45,
41, 48, 51901, 15, 52088, 90, 92, 93, 99, 52102, 04, 05, 08, 10, 12, 55, 56, 57, 37211, 79, 85, 37952, 38062, 38362, 63, 64, 39157,
13, 14, 15, 16, 17, 18, 19,20, 23, 24, 26, 27, 30, 31, 32, 33, 35, 52318, 39949, 50, 52, 53, 55, 40700, 01, 41079, 42228, 29, 43849, 52,
20, 22, 52488, 94, 99, 52502, 03, 11, 12, 14, 15, 22, 27, 33, 35, 36, 44004, 44344, 44785, 45201, 03, 45320, 23, 45708, 14, 15, 45865,
38, 39, 40, 43, 52603, 29, 52765, 66, 68, 52986, 53553, 55, 57, 61, 68, 48368, 48748, 49170, 71,74, 77, 49625, 26, 27, 49747, 50431,
62, 63, 64, 65, 66, 67,70, 72, 73, 74, 76, 77, 78, 53727, 53855, 60, 50841, 51310, 13, 14, 15, 17,20, 22, 23, 24, 25, 51463, 69, 51780,
67, 54045, 46, 54152, 54257, 54468, 54802, 55016, 73, 55179, 51906, 16, 17, 52402, 07, 09,10, 13, 19, 21, 22, 23, 25, 26, 28, 31,
80, 55579, 83, 87, 89, 90,91, 92, 93, 55721, 55845, 52, 54, ENDS. 32, 33, 52617, 24, 30, 33, 34, 52933, 53782, 83, 86, 87, 89, 90, 91,
FINAL EXAMINATION (GROUP III ONLY) 93, 94, 95, 96, 97, 98, 53801, 53933, 54582, 84, 55337, 38, 39,
29776, 78, 79, 81, 82, 84, 30011, 30257, 59, 65, 67, 69, 74, 76, 55781, 82, 83, 85, 89, 91, 55915,19, 20, 56190, ENDS.
80,88, 89, 90, 91, 92, 93, 94, 95, 96, 30424, 25, 29, 30, 33, 99, 30509, FINAL EXAMINATION (GROUPS II & III ONLY)
82, 86, 90, 96, 30604, 23, 24, 54, 30735, 31081, 31297, 31454, 29950, 51, 52, 53, 54, 30007, 30497, 30503, 13, 17, 18, 19, 21,
31834, 32050, 51, 32155, 56, 32260, 32466, 69, 71, 73, 75, 76, 78, 25,27, 91, 30602, 12, 14, 19, 28, 33, 76, 93, 31077, 80, 31831, 33,
79, 80,81, 32601, 03, 04, 05, 10, 11, 66, 75, 32727, 32923, 24, 26, 32261, 32671, 73, 74, 32732, 35, 33471, 33523, 33837, 34717, 21,
27, 79, 33091, 92, 33306, 07, 34068, 69, 70, 71, 73, 74, 34506, 11, 27, 29,34, 37, 42, 35309, 16, 17, 19, 25, 27, 29, 95, 35800, 03, 07,
13, 17,18, 19, 20, 21, 22, 23, 24, 25, 78, 34654, 34731, 36, 38, 40, 10, 15,16, 36343, 48, 50, 51, 52, 54, 36763, 65, 36820, 37216, 17,
41, 35066, 68, 71, 72, 74, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 18, 19,72, 81, 97, 37353, 38006, 38417, 19, 20, 38877, 39209, 12,
92, 93, 35146, 47, 35224, 30, 32, 37, 39, 44, 47, 35326, 31, 83, 39600, 53, 54, 40007, 40756, 40812, 41883, 42286, 42339, 42749,
35618, 21, 22, 23,25, 26, 35801, 04, 11, 14, 17, 69, 36117, 21, 23, 43438, 39, 43912, 15, 18, 20, 28, 91, 44398, 44405, 06, 07, 08, 16,
24, 25, 27, 28, 29,30, 32, 35, 40, 41, 42, 43, 44, 45, 46, 48, 49, 36276, 19, 24,25, 27, 87, 88, 44838, 44956, 45321, 45770, 73, 75, 88, 89,
85, 36349, 53, 36418, 36590, 94, 96, 97, 98, 36817, 37016, 17, 18, 92, 94, 45853, 46932, 34, 47350, 47719, 48048, 48800, 49229,
19, 20, 21, 74, 37146, 49, 51, 54, 37209, 15, 74, 76, 37836, 38, 40, 34, 49685, 86, 88, 89, 49745, 53, 50092, 97, 98, 50534, 50898,
41, 93, 37951, 38244, 45, 49, 50, 51, 38358, 61, 38649, 50, 52, 53, 50955, 51389, 90, 95, 97, 51458, 61, 64, 51838, 40, 46, 49, 51902,
54, 55, 57, 39048, 49, 39429, 31, 32, 33, 34, 35, 39599, 39831, 32, 04, 07, 52489, 91, 95, 52504, 06, 07, 09, 13, 19, 20, 23, 26, 28, 29,
34, 35, 37, 38, 39,40, 40645, 40755, 40973, 41344, 96, 41452, 30, 32, 41, 42, 52602, 14, 42, 52988, 53866, 68, 69, 71, 53928, 36,
41508, 41724, 42111,12, 13, 16, 17, 19, 20, 42227, 85, 42524, 25, 54689, 55391, 94, 55856, 57, 58, 59, 55921, 56605, 56, ENDS.
26, 28, 29, 32, 33, 42640, 41, 94, 42746, 43280, 43437, 43709, 10, FINAL EXAMINATION (ALL GROUPS)
11, 12, 13, 16, 19, 21, 22,23, 24, 25, 26, 27, 28, 29, 30, 32, 43843, 48, 30010, 30588, 30622, 26, 29, 34, 35, 37, 38, 40, 44, 45, 48, 49,
55, 59, 43916, 21, 22,23, 25, 27, 29, 30, 31, 44003, 07, 44216, 19, 55,56, 57, 59, 60, 61, 62, 63, 64, 65, 67, 68, 70, 77, 78, 80, 82, 83,
20, 21, 23, 27, 28, 29,30, 44410, 12, 23, 83, 89, 44667, 68, 74, 75, 85,87, 88, 89, 91, 92, 94, 98, 30700, 01, 02, 04, 06, 08, 09, 10, 11,
76, 44782, 86, 44841, 98, 45085, 86, 89, 90, 91, 92, 94, 45199, 12,13, 14, 16, 17, 19, 20, 23, 24, 25, 26, 27, 28, 29, 30, 34, 36, 37,
45204, 05, 63, 45315, 45563, 65, 66, 68, 69, 71, 74, 77, 78, 80, 81, 38,39, 40, 41, 43, 44, 45, 47, 31135, 32736, 37, 41, 42, 43, 48, 49,
84, 86, 88, 89, 90, 45706, 09, 45870, 46031, 35, 46139, 95, 46248, 51,52, 53, 54, 55, 56, 33144, 33889, 34295, 96, 34810, 12, 13, 67,
46405, 06, 08, 46512, 46930, 47611, 47886, 48643, 49049, 52, 53, 35390, 92, 97, 99, 35401, 04, 35870, 71, 73, 75, 79, 80, 81, 82,
54, 55, 56, 59, 61, 62, 64, 49232, 89, 49488, 89, 93, 94, 96, 97, 98, 36411, 16,17, 37277, 80, 83, 86, 87, 88, 92, 93, 95, 98, 99, 37354,
99, 49501, 03, 05, 06, 07, 09, 10,11, 12, 64, 49620, 23, 79, 80, 84, 55, 38063, 64, 65, 39655, 40068, 40814, 15, 41565, 42340,
49928, 50316, 17, 18, 19, 20, 72,74, 50713, 14, 17, 18, 21, 24, 25, 42747, 51, 43119, 20, 21, 44001, 05, 06, 08, 09, 10, 44491, 92, 93,
77, 50951, 51167, 71, 72, 75, 76,78, 82, 83, 84, 85, 86, 87, 88, 89, 94, 44899, 44901, 02, 03, 04, 45316, 22, 24, 45850, 58, 48478,
90, 91, 51316, 26, 77, 91, 93, 96, 51457, 51654, 56, 58, 60, 61, 62, 49286, 94, 49751, 54, 50152, 50956, 51467, 68, 51903, 09, 11, 13,
63, 51778, 51847, 52189, 90, 92,93, 97, 99, 52200, 02, 03, 06, 08, 14, 52611, 15, 19, 21,23, 26, 27, 35, 36, 37, 39, 40, 41, 53043,
14, 17, 20, 21, 22, 23, 24, 25, 26,27, 28, 32, 33, 34, 35, 37, 38, 39, 41, 53929, 31, 34, 35, 37, 39, 55070, 71, 72, 74, 55918, ENDS.
42, 43, 44, 45, 46, 47, 48, 49,50, 51, 53, 54, 55, 56, 57, 59, 60, 52399,
52408, 27, 29, 35, 87, 93,96, 52521, 24, 31, 52607, 32, 52825, RESULT CANCELLED: ROLL NO. 30684 ENDS.
52934, 87, 53042, 53197, 98,99, 53201, 53357, 58, 53411, 12, 13,
53631, 32, 33, 36, 38, 40, 42,45, 47, 48, 50, 51, 52, 53, 54, 55, 58, 59, UNIFORMITY IN SIGNATURES
60, 61, 62, 63, 65, 53800, 70, 72, 54205, 54471, 54578, 81, 55069,
55233, 34, 55395, 55447, 55646, 47, 49, 50, 51, 52, 53, 54, 55, 56, It has been observed that some of the enrollment
59, 60, 61, 62, 63, 64, 65,66, 67, 68, 69, 55848, 53, 55912, 13, 14, applications/ letters received from the students are either
23, 56085, 56449, ENDS. unsigned or bear different signatures from time to time.
FINAL EXAMINATION (GROUPS I & II ONLY) All the students are, therefore, advised to maintain
29840, 41, 30355, 63, 65, 69, 30610, 17, 18, 21, 27, 31, 51, 53, uniformity in their signatures on all the correspondence with
58,79, 30715, 21, 22, 33, 42, 48, 30969, 73, 32533, 41, 32729, 50, the Institute including students identity card, enrolment
32983, 33366, 34128, 29, 30, 34579, 87, 92, 93, 94, 97, 98, 35150, application and attendance sheet provided in the examination
55, 57,62, 67, 35387, 94, 36206, 10, 15, 17, 18, 19, 20, 21, 22, 23, hall at the time of writing the examination.
36653, 37080, 81, 83, 84, 86, 37275, 82, 37300, 37899, 38305,
38710, 39488, 90, 41562, 41776, 42172, 73, 74, 42343, 42586,
43334, 44285, 89, 44484, 45147, 45649, 53, 54, 48102, 48316, E-MAIL ADDRESS OF THE STUDENTS
49566, 49742, 50, 52, 49983, 50377, 50780, 81, 50835, 38, 51249,
54, 51470, 51719, 22,23, 52312, 14, 16, 31, 34, 37, 91, 52605, 08, Those students who are having e-mail address may communicate
22, 28, 53719, 20, 21,22, 23, 24, 25, 26, 28, 29, 54151, 54690, 91, the same to the Students Services Section at dss@icsi.edu which
92, 55726, 27, 55917, 56137, ENDS. will facilitate quick and economic communication from the Institutes
side. The e-mail address may be sent in the following format.
FINAL EXAMINATION (GROUPS I & III ONLY)
Name :
29894, 95, 30009, 30431, 32, 34, 38, 41, 42, 43, 44, 30589, 99,
30606, 41, 43, 46, 50, 52, 97, 31025, 31134, 31777, 78, 31886, Registration No. :
32262, 32613, 32747, 33037, 38, 33784, 34186, 87, 34294, 97, E-mail Address :

Student Company Secretary 25 March 2007


Quiz - Prize Winners
Debt Recovery Tribunal (DRT). Official Liquidator was liable to represent
STUDENTS QUIZ the company and other stakeholders in the proceedings of Debt
Recovery Tribunal.
PRIZE QUERY The facts of the given case are similar to that of V.K. Seshasavee &
A company imported a software which requires another Anr v. Official Liquidator as reported in the November 2005 issue of
software to be loaded into a computer. The company claimed Student Company Secretary published by the Institute of Company
import duty exemption on the software so imported. The Secretaries of India (ICSI). In that case, M/s Seshasayee Industries
exemption was refused by the Revenue Authorities on the Ltd. was under liquidation. A suit for recovery of the loan extended by
ground that as the software requires another software to be ICICI Ltd. to the company was pending before the civil court. This suit
loaded into a computer it is not a software and as such not was transferred to Debt Recovery Tribunal before winding up order was
eligible for duty exemption. Is the stand of the Revenue passed. The Official Liquidator did not appear before DRT and the
Authorities tenable in law? Tribunal made the sale order of property. The Directors of the Company
filed an application before the Company Court for issuance of directions
CONDITIONS to Official Liquidator to participate in the sale proceeds. The Court allowed
1. Answer should not exceed one page typed in double space. the application and held that it is necessary for the Official Liquidator to
The answer sheet should contain the name, registration number participate in the proceedings before the Tribunal in the interest of the
and address of the student. workmen, creditors and the company. Failure to defend the interests of
the concerned parties and settlement of their claims would amount to
2. Last date for receipt of answer is 16th April, 2007. failure in discharge of Official Liquidator's duties.
3. Two prizes (a first and a second) in kind will be awarded to the Considering the facts and decision of the above case as well as
best answers and the names of the contributors will be published the powers and duties conferred on the Official Liquidator under the
in the Bulletin. Companies Act, 1956, it can be concluded that the Official Liquidator
4. The envelope should be superscribed Students Query, shall be directed to participate in the sale proceeds in the interests of
March 2007 and addressed by name to N.K. Jain, Secretary & the company, secured creditors and workmen and that the action of
Chief Executive Officer, The Institute of Company Secretaries the Directors is tenable in law.
of India, ICSI House, 22, Institutional Area, Lodi Road, New
Second Prize
Delhi-110003.
Yes. The action of the directors appealing to the Hon'ble High Court
for issue of directions to the Official Liquidator to participate in the
QUIZ - PRIZE WINNERS sale proceedings is tenable in law.
In a similar case of V.K. Seshasayee & ANR. v. Official Liquidator
June 2006
(2005) 127 COMP CAS 156 (MAD) a company (Seshasayee Industries
QUERY Ltd.) was under liquidation and the Official Liquidator appointed by the
A company was under liquidation and the Official Liquidator court took charge of the company. A recovery proceedings against
took charge of the properties of the company. Before the winding the company, instituted by ICICI Ltd., that was pending before a civil
up order was passed a suit for recovery of a secured loan extended court was transferred to Debt Recovery Tribunal and the Tribunal had
by a financial institution which was pending in a civil court was made a sale order of the property. An application came before the
transferred to the Debt Recovery Tribunal (DRT). The DRT made Hon'ble Company Court for the issuance of direction to the Official
an order for the sale of the property. The official liquidator did not Liquidator to participate in the sale proceedings in the interest of the
appear before the DRT when the order as above was made. Some company, secured creditors and the workmen.
of the directors of the company approached the High Court for
issue of directions to the Official Liquidator to participate in the Allowing the application the Hon'ble Court observed that the
sale proceedings in the interest of the company, secured creditors liquidator was essentially like an agent entrusted with the job of winding
and workmen. Is such an action of the directors of the company up of a company. He would only be discharging his duty by participating
tenable in law? in the proceedings before the Debt Recovery Tribunal. Non-participation
would be viewed as though he was not interested in safeguarding the
WINNERS
interest of the company. The liquidator ought to have applied for
First Prize permission to participate in the proceedings. The records of the Tribunal
Sarika, (Student Regn. No. NR 0422859/08/2004) CC-14A, Shalimar show that the Official Liquidator had not participated in the proceedings
Bagh, Delhi 110088 and had allowed the proceedings to go on without any representation.
Second Prize As the determination of the claim of the workmen should also be done
along with the claim of secured creditors before the DRT it is necessary
T.S. Anandhi (SR0257791/02/2003) S-3, Sangath Apartments, MGR for the Official Liquidator, in the interest of the workmen, to have
Nagar, 1 Street, Velachery, Chennai 600042 participated in the proceedings before the Tribunal.
ANSWERS Similarly, in this case also the directors are correct in appealing to
First Prize the Hon'ble High Court for issue of directions to the Official Liquidator
Official Liquidator functions as a Liquidator in compulsory winding to participate in the sale proceedings.
up of a company under the order of the Court to conduct the liquidation July 2006
proceedings of the company most fairly. Section 457 of the Companies
Act, 1956 confers various powers on the Official Liquidator to be QUERY
exercised by him with and without sanction of the Court like instituting A scheme of arrangement confirmed by the court provided for
or defending any suit or legal proceedings in the name of the company the change in the name of the company. After the scheme is
and to sell the immovable and movable property of the company etc. confirmed the company applied to the Registrar to change the
In the light of the above mentioned provisions, it can be established name of the company and issue a fresh certificate of incorporation.
for the given case that it was the duty of the Official Liquidator, as an The Registrar refused to effect change of name. Will the stand of
agent of the company for winding up purpose, to appear before the the Registrar stand to legal scrutiny?
Student Company Secretary 28 March 2007
Quiz - Prize Winners
WINNERS Government (currently under delegated powers by ROC) by issuing
First Prize fresh certificate of Incorporation consequent upon change of name.
R. Pattu Rathi (SR0246083/09/2002) 5/286, Annai Indhira Nagar, 1 However, in the decided case of Sherno Investment & Finance
Street, Tuticorin, Tamil Nadu-628002 Llmited v. Registrar of Companies [(2006) 70 CLA 21 (GUJ.)] wherein
circumstances resembles with that of the query, ROC refused to effect
Second Prize change of name on the basis of High Court order under the scheme of
Jitendra Singh Sinha (CG0323709), EKTA, 72-A, Vikas Nagar Amalgamation and insisted that the procedure laid down under section
Kanpur-208024 21 should be followed. On appeal against the said refusal by Registrar
ANSWERS of Companies, Court held "When the Scheme is on the basis of the
resolution of the Company together with the sanction order passed by
First Prize this court sanctioning the scheme under section 394, mere reference
The facts & circumstances of the given query resembles the facts to the order of this court would be sufficient."The court further held
& situation of the case of Sherno Investment & Finance LTD v. Registrar that "it is not open to the Registrar of Companies to raise objection for
of Companies [(2006) 70 CLA 21 (Guj)] Jayant Patel, J. [Decided on change of Name, which is part of the scheme of Amalgamation duly
6.9.2005] reported in Student Company Secretary, February 2006. sanctioned by this court on the ground that separate procedure under
Factual Context : The applicant company requested the ROC to Section 21 of the act is not followed or is required to be followed."
issue him a certificate of incorporation after filing the sanction order of Accordingly, in view of the aforesaid decision of the High Court the
the court with the ROC by incorporating the change in the name of the stand taken by the Registrar is not correct and he has to effect the
transferee company provided by the scheme of arrangement confirmed change of Name of the Transferee Company.
by the court. The Registrar of Companies refused to effect the change
of name and insisted that the procedure laid down under section 21 of August 2006
the Act should be followed. It is relevant to point out here that when QUERY
the petition for sanction of the scheme of amalgamation came up
before the court, ROC took the same objection which was dismissed Unit Trust of India issued cheques to various unit holders on
by the court. The court also sanctioned the scheme which provided maturity of the units held by them. Some of the unit holders did
for the change in the name of the company. not receive the cheques sent by registered post. Unit holders
approached consumer courts for compensation for deficiency of
Decisions & Reasons : We therefore sum up our conclusions as service on the part of Unit Trust of India. Will they succeed in
follows: their claim?
v The Application was allowed as and when the scheme was WINNERS
proposed on the basis of the resolution of the company, the same
First Prize
can be the basis along with the sanction order passed by this
court. T.S. Anandhi (SR0257791/02/2003) S-3, Sangath Apartments MGR
Nagar, 1 Street, Velachery, Chennai 600 042
v This court on sanctioning this scheme under section 394 dispense
such meeting then mere reference to the order of the court will Second Prize
be sufficient. Vidnya V. Prabhudesai, (Regn.No. WR0277631/07/2002) C/o S.P.
Shetye, 2-D, Shivkrupa Bldg., Opp. Don Bosco H. Scl., M.G. Road,
v Due to any occurrence such format cannot be validly pressed in
St. Inez, Panaji, GOA-403 001
service as against the implementation of the order of this court
sanctioning the scheme of amalgamation. ANSWERS
v The opponent has to correct the format accordingly and then First Prize
issue the necessary certificate by implementing the order already Yes. The unit holders will succeed in their claim for compensation
passed by this court. for deficiency of service. Mere posting of the cheques of the matured
v The decision in Sherno Investment & Finance LTD v. Registrar units would not amount to payment. The UTI cannot absolve its liability
of Companies is that it will not be open to the Registrar of towards the unit holders this way when there is no contract or request
Companies to raise objections for change of name which from the payee. In all such cases where there is no contract or request,
eventhough stand to be part of the scheme of amalgamation either express or implied, the post office would continue to act as the
duly sanctioned by this court on the ground that separate agent of the drawer and any loss would be that of the drawer and in
procedure under section 21 of the Act is not followed or is this case the UTI.
required to be followed. In a similar case of Unit Trust of India v. Ravinder Kumar Shukla
v From the above pronouncement via the court decision the stand (JT 2005 (12) SC 345) UTI had many schemes and used to issue
of the Registrar in the given query remains revoked and is incorrect. cheques towards maturity money of the units to the unit holders. These
cheques were sent to the unit holders through registered post. Many
Second Prize of such cheuqes were intercepted by criminals and the unit holders
There are diverse views of different High Courts on the question, did not get their money. The unit holders claimed compensation from
whether the company should adopt procedure under section 21 the consumer forums on the ground of negligence and deficiency of
separately for effecting change of name even after the Scheme of service on the part of UTI. UTI challenged the decision unsuccessfully
Amalgamation incorporating such change of name has been approved before the State Commission and the National Commission. Ultimately
by the High Court? The Mumbai High Court in the case of Govind the matter landed up in the Supreme Court. The question before the
Rubber Ltd.. [Re Govind Rubber Limited (1995) 83 Comp Cas 556 Hon'ble Supreme Court was whether the loss is to be borne by the
(Bom)] has held that" in view of its wide powers Court may approve a unit holders or by the UTI.
change in the Name of the Transferee Company as part of Scheme of The Hon'ble Supreme Court dismissed the appeal and reasoned
Amalgamation. However, that change of name can not be effected that the answer to the question posed would depend on whether the
merely on Amalgamation becoming effective; Transferee Company post office was acting as agent of the unit holder and/or the appellant.
should independently comply with Section 21." Where there is no contract or request, either express or implied, the
The intention of the law makers for following the procedure under post office would continue to act as the agent of the drawer. In that
section 21 for change of Name is that the change of name should be case the loss is of the drawer. There was no proof from the appellants
approved by the majority and such change be effected by the Central as to the existence of any contract that the amounts could be sent by
Student Company Secretary 29 March 2007
Quiz - Prize Winners
post. In these circumstances there was no reason to interfere with the
impugned order.
Second Prize
The fact and circumstances of the given query resembles the facts
and situation of the case in Unit Trust of India v. Ravinder Kumar
Shukla (JT 2005 (12) SC 345] S.N. Variava and Dr. A.R. Lakshmanan,
J.J. [Decided on 19.9.2005] reported in Chartered Secretary December,
2005 issue.
Factual Context : UTI had many schemes and used to issue
cheques towards maturity money of the units to the unit holders. These
cheques were sent to the unit holders through registered post. Many
of such cheques were intercepted by criminals and the unit holders
did not get their money.
The unit holders claimed compensation from the consumer forums
on the grounds of negligence and deficiency of service on the part of
UTI. UTI challenged the decision unsuccessfully before the State
Commission and the National Commission. Ultimately the matter
landed up in the Supreme Court. The interesting question raised before
the Supreme Court was whether the loss is to be borne by the unit
holder payee or by the UTI.
Decision and Reason : Appeal dismissed by the Supreme Court.
The answer to the question posed would depend on whether the post
office was acting as an agent of the unit holder and/or the appellant.
The law is that in the absence of any contract or request from the
payee, mere posting would not amount to payment In cases where
there is no contract or request, either expressed or implied, the post
office would continue to act as the agent of the drawer. There was no
proof from the appellants as to the existence of any contract that the
amounts could be sent by the post or as to request from the payee for
sending the amount by post. In these circumstances we see no reason
to interfere with the impugned order.
Conclusion : In the light of above decision, it is evident that there
is deficiency of service on the part of UTI and the unit holders will
succeed in claiming compensation from UTI for deficiency of service.

ATTENTION STUDENTS!
VACANCY
Applicability of Latest Finance Act and other changes for
MANAGEMENT TRAINEES Company Secretaries June 2007 Examination.
15 MONTHS DIRECT TAXES
A leading NSE Member, NSDL depository and Management All students may note that for the June 2007 Examination session,
Consultancy Company is seeking to recruit management in respect of Direct Taxes, the applicable Assessment Year shall
trainees. The Company holds the leading position in its market be 2007-08 (Previous year 2006-07).
with a national and multinational client base with offices
across India. Thus, they will have to study Finance Act, 2006 for June 2007
examination. Further, as per the syllabus, students are required
The selected candidates will be provided exposure in Corporate to update themselves about all the Circulars, Clarifications,
laws, Holding of Meetings, Preparation of Minutes, Capital Notifications issued by CBDT & Central Government, which come
in to effect on or before 6 months prior to the date of the respective
Market and SEBI/NSE issues, Share Transfer etc. Examination.
The Company seeks to recruit 2 Management Trainees & Gift Tax Act has been excluded from the scope of examination
Attaractive stipend will be offered. from June 1999 session onwards unless otherwise informed.

INDIRECT TAXES

INMACS LTD Students appearing in the Tax Laws (Indirect Tax portion to the
503-504, Chiranjiv Tower extent of topics covered in the syllabus) and Direct and Indirect
Taxation-Law and Practice (Indirect tax portion) paper of the
43, Nehru Place
Intermediate and Final Courses respectively may take note of the
New Delhi-110019 following changes applicable for June 2007 Examination:
Ph : 26223712/26226933
1. All changes made by the Finance Act, 2006.
Interested Candidates may kindly fax/send resumes to 2. All Circulars, Clarifications/Notifications issued by CBE&C/
Mr. Vivek Gupta. Fax : 26223014 Central Government which became effective six months prior
Email : inmacs.legal@gmail.com or vivekgupta@inmacsindia.com to the date of examination.

Student Company Secretary 30 March 2007


News and Announcements
true potential of CS course. He highlighted various strongholds of CS
NEWS AND ANNOUNCEMENTS profession and also mentioned some of the successes, company
secretaries have achieved. He provoked the audience to be positive
INSTITUTE NEWS minded, dedicated professionals to see the best out of the CS
PHONE-IN-PROGRAMME ON CS ON AIR FM RAINBOW profession.
On 5.2.2007 an hour long Live Phone-In-Programme on Career P K Sharma, past CEO and MD, Mecon Limited, past Chairman
as a Company Secretary was broadcast between 4 - 5 P.M. on 102.6 and Member of the present Committee of the Chapter in his address
FM Rainbow Channel of All India Radio, Amid telephonic queries from stressed and highlighted that company secretary is more than a
listeners, information on the CS course was aired by way of an exclusive Departmental Head. He highlighted that the course contents and
interview with N.K.Jain, Secretary & CEO, the ICSI. knowledge base provided is of high value and if a person uses it to the
CS PROGRAMME ON SAHARA SAMAY (RASHTRIYA) TV advancements of the organization he/she serves, the sky is the limit
On 7.2.2007 an interview with Preeti Malhotra, President, the ICSI for CS. With globalisation, the scope is also getting enhanced. There
on the CS Course and profession was telecast during the Business is no dearth of opportunities as company secretary in employment or
News Bulletin aired between 5.45 P.M. 6.00 P.M. on Sahara Samay in practice.
(Rashtriya) TV Channel.
Rajpal suggested the students to be proactive, confident and alert
The programmes were coordinated by Dr. Amita Ahuja, Director, in order to be a successful Corporate Manager/company secretary.
Public Relations & Corporate Communication. He highlighted emerging trends and areas in the market where the CS
can play a vital role.
EASTERN INDIA REGIONAL COUNCIL
Arun Kumar Garodia, Chapter Treasurer, Sachin Jaiswal and Ajay
BHUBANESWAR CHAPTER
Nath Sahay, members of the Managing Committee also shared their
STUDY CIRCLE MEETING ON CAPITAL MARKET AN experience and highlighted the growing recognitions and opportunities
OVERVIEW for CS to grow as indispensable Corporate Managers. On the occasion
the students were invited to speak on the topic as volunteers. Amit of
On 30.1.2007 the Chapter organized a students' study circle intermediate course spoke on the subject highlighting various skills
meeting at its premises on Capital Market wherein M.R. Sarangi, which a company secretary should possess and develop to be termed
Company Secretary & Sr. Manager (Accounts) M/s Ortel as Managers and compete with MBAs. Nikita Sinha, a final CS student
Communications Limited was the guest speaker on the topic. P.K. speaking on the subject stressed that the members and students
Sahoo Chairman of the Chapter welcomed the students for attending
should have winning attitude and let them spread the message and
the study circle meeting. He introduced the guest speaker to the goodwill of the profession. She also highlighted the role of CS in
students and apprised them about organizing this programme for the preventing corporate frauds and promoting corporate governance.
benefit of the students. He said that students must get more information Sudhanshu Shekhar, a licenciate ICSI also expressed confidence that
about Capital market by attending this programme. He advised the the constructive role being played by the CS in todays world would
students to keep regular contact with the Chapter Office and to attend definitely earn its due share in corporate world. Atish of intermediate
all student related activities being organised by the Chapter. He advised course also requested the students to have positive frame of mind
all the students to suggest topics for the study circle meetings to be and spread the message of goodwill of the profession.
organized by the Chapter every month and intimate the same to the
Chapter so that it can take necessary steps to inform other students Neha Rohatgi expressed her view that to be a CS is a matter of
for their participation in large number and arrange the speaker for the pride and one would uphold the integrity of CS as outstanding corporate
programme. professional.
While speaking on the occasion, M.R. Sarangi, Company Secretary NORTHERN INDIA REGIONAL COUNCIL
& Sr. Manager (Accounts), M/s Ortel Communications Ltd. made a
brief introduction of Capital Market. He talked about financial system INAUGURATION OF 104 TH SECRETARIAL MODULAR
and its constituents. He briefly explained financial institutions, money TRAINING PROGRAMME
market and securities market. During his address, Sarangi covered
IPO, Issue of Capital, Right Issue, SEBI Act, 1992, Securities Contracts On 31.1.2007 the 104th SMTP conducted by the Regional Council
(Regulation) Act, 1956, Depository Act, 1996, Primary Market was inaugurated by Preeti Malhotra, President, the ICSI and also the
Intermediary & Secondary Market Intermediary and functions of Stock Chief Guest on the occasion. While addressing the gathering she said
Exchanges. He covered SEBI (DIP) Guidelines 2000, IPO by unlisted that with continuous efforts of the Government for the globalization
Companies and public issue by Listed Companies. He gave an analysis and liberalization, the economy is booming and tremendous
of Capital market for 2005-06 and also had given some tips to the opportunities are coming up for the professionals, whether they are in
investors and explained Dos and Donts in the Capital Market. A good employment or in practice. One should make use of this opportunity
number of students attended the programme. The queries raised by available in the best possible manner. She also encouraged and
some students were well clarified by the speaker. boosted the morale of the participants. She shared her agenda for the
PATNA CHAPTER year. She also stressed on the importance of soft skills. She added
that give a lot of time to the improvement of yourself, then there is no
HALF DAY SEMINAR CUM ACADEMIC DEVELOPMENT time to criticize others. She invited suggestions and requested all to
PROGRAMME update their email ID and contact numbers. She also offered her best
wishes to the participants for their professional career ahead.
On 21.1.2007 to commemorate its Foundation Day Celebration
the Chapter organized a half day seminar cum Academic Development S. Kumar, Senior Director of the Institute alerted the participants
Programme on CS as Corporate Managers at its premises. Rajpal, that real life challenges would start now. He also impressed upon the
Chapter Chairman inaugurated the seminar. Pranav Kumar, Chapter participants that the days of compliance are over and days of excellence
Secretary in his welcome address stressed on the need to realize the are in. He urged the participants to take the opportunity of this last leg

Student Company Secretary 31 March 2007


News and Announcements
of training to develop the soft skills. He suggested the participants to also informed regarding celebration of the Sports Week in February
read journals, newspapers, etc. 2007 and further informed the activities to be carried out in the coming
months, exclusively for the students including extra-curricular activities,
Ashu Gupta, Chairman, SMTP Committee in her welcome address
viz. the students picnic, sports etc. He also announced the constitution
said that SMTP is very much useful for an informal interaction with the
senior members, and other senior corporate professionals. of the library committee by nominating two students as members. He
declared that very soon students facility committee shall be constituted.
Satwinder Singh, Chairman, NIRC in his welcome address This committee will conduct a survey of the students for knowing the
emphasized that SMTP provides immense opportunity to participants expectation level as well as existing available services and facilities
to gain knowledge from practical experience of the faculty who are for the students. Based on the survey report, suitable action would be
senior members of the profession of CS. It also gives participants to
taken to bring the services at the excellent level. In his address he
develop cohesiveness and a strong bond of friendship amongst
themselves. also announced to make a student section in the monthly chapter
magazine. The Editorial Board, comprising students would be formed
14TH ACADEMIC DEVELOPMENT PROGRAMME soon so that the magazine could also be made useful for the students.
On 6.1.2007 the NIRC organized its 14th Academic Development He also announced the best participant award for the students
Programme for students at ICSI-NIRC Building, New Delhi. Suman undergoing ADP. Praveen Soni, Chapter Secretary explained the
Kumar of SMC Global Securities Ltd., R.S. Bhatia, Company Secretary importance of the ADP.
in Practice, J.P. Madaan and Rajesh Kesari of Vishwas Securities
Limited took the sessions. Yogesh Sachdeva, Coordinator of the ADP introduced Dr. Kaushal,
the speaker of the first session. Dr. Kaushal delivered his lecture on
S. Koley, Regional Council Member distributed the programme
memory management. In his second session he discussed Time and
completion certificates to the participants.
Stress Management. He beautifully explained the participants the skill
to sharpen the memory and gave tips to come over the stress of the
ICSI - MOTHER TERESA INSTITUTE OF MANAGEMENT & day to day life.
VOCATIONAL STUDIES
ORAL COACHING CLASSES FOR FOUNDATION The third session was addressed by Suresh Sharma who addressed
AND INTERMEDIATE GROUPS I & II* - DECEMBER on Drafting of Notices, Minutes of Board meetings and General
2007 SESSION meetings and thereafter a group discussion was also held.
Oral Coaching Classes for Foundation and Intermediate MEETING OF THE CHAIRMAN WITH THE FACULTY
Groups I & II* are likely to commence from 26.4.2007 and MEMBERS
24. 5.2007 respectively.
On 10.2.2007 a meeting of the Chairman with all the faculty
Course Fee : Foundation Rs.3500/-
members was held at the Chapter premises. Girish Goyal, Chairman
Intermediate Group I Rs.4000/- in his welcome address conveyed the massage of the Institute
Intermediate Group II Rs.3500/*- regarding brand image and global visibility of the CS profession. He
Timings: 5.00 to 7.00 P.M. (Monday to Saturday) stressed the need for best delivery part by the faculties to the students
Registration Open on all working days between 9.30 A.M. in the present scenario. He also insisted to develop the soft skill of
and 6.00 P.M. the students, so that communication and presentation skills in them
Admission has already commenced. For further details, could be improved.
please contact The faculty suggested to organize quiz/elocution competition after
J.K. CHAWLA/ VINAY GUPTA completion of classes on every subject. Yogesh Sachdeva, DOC
MOTHER TERESA INSTITUTE OF MANAGEMENT & VOCATIONAL informed about the various activities for the student.
STUDIES
MODINAGAR CHAPTER
C-Block, Preeti Vihar, Delhi 110092
Phones : 22057200, 22057500, 42420552, 42420553 CAREER COUNSELLING PROGRAMME
Fax: 22509200 Emai: mtim@vsnl.net On 7.2.2007 the Chapter conducted a career awareness
(* Provided sufficient number of students are registered for Group II) programme at Dr.K.N.Modi Science & Commerce College, Modinagar.
Over 100 students of Commerce and Science streams attended the
JAIPUR CHAPTER programme. During the Career Awareness Programme M.K. Singhal,
BASANT PANCHAMI CELEBRATION Chairman of the Chapter addressed the students highlighting the
advantages of company secretaryship course at length such as career
On 23.1.2007 the Chapter celebrated Basant Panchami . Girish
opportunities, role of company secretary & importance of profession
Goyal, Chapter Chairman commenced the function. After that the
of company secretary in the changing economic scenario. Sapna
worship of goddess Saraswati was performed. A large number of
Bhutani, Vice Chairperson of the Chapter briefed on syllabus tips
members including Managing Committee Members were present on
sharing her experience in qualifying the CS examination. She also
the occasion.
highlighted the avenues available to the profession both in employment
ACADEMIC DEVELOPMENT PROGRAMME and in practice.

On 31.1.2007 an Academic Development Programme for the A.S. Chauhan, Executive Officer, Modinagar Chapter explained the
students was organised. The programme was inaugurated by the stage of examination, eligibility criteria, registration procedure etc.
Chairman of the Chapter Girish Goyal. In his welcome address Girish Queries raised by the participants were also replied suitably. Brochures
Goyal described that the students are important for the Institute. He containing brief details on the company secretaryship course were

Student Company Secretary 32 March 2007


News and Announcements
distributed to the participants. The programme was covered by media soft skills of the students. Considering various aspects the ideal choice
reporters of local TV Channels. before the students is to take up company secretaryship course, which
will be rewarding career in all aspects, she added.
SOUTHERN INDIA REGIONAL COUNCIL About 200 students attended the programme. The film on Career
as Company Secretary was also screened at the programme.
FOUNDATION/INTERMEDIATE COURSE ORAL
HYDERABAD CHAPTER
COACHING CLAS SES FOR DECEMBER 2007
EXAMINATIONS FOUNDATION/INTERMEDIATE COURSE ORAL
The SIRC of the ICSI proposes to conduct Foundation/ COACHING CLAS SES FOR DECEMBER 2007
Intermediate (Both Groups) Oral Coaching Classes for EXAMINATIONS
December 2007 Examinations as per details given below : From 9.4.2007 onwards fresh batch of Foundation/
Intermediate course Oral Coaching Classes will be conducted
State Date of Timing Fees Last date for by the Chapter for December 2007 examinations as per the
commence- receipt of following schedule.
ment application
Foundation Course
Foundation 23.07.2007 9.00 A.M. Rs. 3000/- 16.07.2007 Timings : 06.30 P.M. to 08.30 P.M.
(Morning) to
Fees : Rs. 2750/-
11.00 A.M.
Venue : Sujatha Degree College for Women, Chapel Road, Abids,
Foundation 23.07.2007 4.00 P.M. Rs. 3000/- 16.07.2007 Hyderabad
(Evening) to No. of Lectures : 150 lectures each of 2 hrs. duration
6.00 P.M.
Intermediate Group I
Intermediate 02.04.2007 6.30 A.M. Rs. 3350/- 26.03.2007 Timings : 07.00 A.M. to 09.00 A.M.
Group-II to per group Fees : Rs. 2750/-
(Morning) 8.30 A.M.
Venue : The ICSI-Hyderabad Chapter # 6-3-609/5, Anandnager
Intermediate 02.04.2007 6.00 P.M. Rs. 3350/- 26.03.2007 Colony, Khairatabad, Hyderabad-500 004
Group-I to per group No. of Lectures : 96 lectures each of 2 hrs. duration
(Evening) 8.00 P.M.
Intermediate Group II
For further details please contact: Timings : 06.30 P.M. to 08.30 P.M.
SIRO of the ICSI, New No. 9, Wheat Crofts Road, Fees : Rs. 2750/-
Nungambakkam, Channai-600034 Venue : Sujatha Degree College for Women, Chapel Road, Abids,
Phone : (044) 28279898; 28268685 Hyderabad
e-mail: siro@icsi.edu; icsisirc@md3.vsnl.net.in No. of Lectures : 96 lectures each of 2 hrs. duration
Intermediate Groups I & II
CAREER AWARENESS PROGRAMME Timings : 09.15 A.M. to 01.30 P.M.
Fees : Rs. 4750/- (Both Groups)
On 28.2.2007 R. Sridharan, Member, Central Council, the ICSI Venue : The ICSI-Hyderabad Chapter # 6-3-609/5, Anandnager
and Sarah Arokiaswamy, Deputy Director, SIRO participated and Colony, Khairatabad, Hyderabad-500 004
addressed in Commet07 a programme organized by the Department No. of Lectures : 192 lectures each of 2 hrs. duration
of Commerce, Vidhyasagar College of Arts and Science, Chengalpattu, Interested candidates are advised to deposit the fee by
a college situated in a semi urban area of Chennai. Challan at the Chapter Office by 5th April 2007. The students
who undergo Oral Coaching, pass the Eligibility Tests and get
While addressing the students, R. Sridharan, explained the the Coaching Completion Certificates, need not to submit the
importance of pursuing professional course in the changing business response sheets under postal tuition scheme. For further details
scenario and said that company secretaryship course is the relevant the students are advised to contact the Chapter at the above
course for the students who are undergoing their graduation in address. Telephone Nos. 040-23399541, 040-23396494. Fax :
commerce, management and law disciplines. Since the curriculum is 040-23325458. E-mail: Hyderabad@icsi.edu
rigorous and training requirements are robust, a company secretary
naturally acquires professional acumen, he added. Sridharan said CAREER AWARENESS PROGRAMMES
that the company secretaryship course assures rewarding career both The ICSI- Hyderabad Chapter organized Career Awareness
for men and women and said that the women students pursuing this Programmes at Vidyanjali Degree College, Kaikalur on 02-02-2007,
course has gone up steadily and two out of five company secretary
Anni Besant Jr. College for Girls on 23-02-2007 and at Nizams College,
students are women, he added. He advised the students to take up
Osmania University on 27-02-2007. S.Bala Chandra, Company
the CS course at the earliest possible and enter into the profession.
Secretary- Surana Group of Companies, Hyderabad , B.Pavan Kumar,
Sarah Arokiaswamy elucidated in step by step fashion about the Company Secretary in Practice, Kavitha Rani, Company Secretary in
registration procedure, syllabus, examination, course fee, exemptions
Practice, S.S.Marthi, Chapter Chairman ,Rajnish C Popat, Chairman,
pertaining to company secretaryship course. She advised the students
Oral Coaching and Students Facilities Committee and R.Chandra
that they need not be scary about the course and for that matter
preparation for the course, since the Institute supplies comprehensive Sekhar, Executive Officer addressed the students jointly and severally.
reading material for all the subjects, supplemented with a monthly The speakers explained about the Company Secretaryship Course
bulletin, which gives numerous updated information about all the and the opportunities, and also how the professional courses are
subjects of company secretaryship course. Apart from this, the different from traditional courses. They also guided them how to come
Regional Council is conducting a well structured Oral Coaching Classes out successfully in the professional examinations and also explained
for the benefit of the students and it also has a well stocked library. about the job opportunities available to the profession in employment
Not restricting itself to mere academic coaching for the students, the and in practice. Nearly 2100 [Intermediate and Degree] students
Regional Council conducts innovative programmes to enhance the attended the programmes. Apart from principals and correspondents,

Student Company Secretary 33 March 2007


News and Announcements
lecturers, a number of teaching staff members also participated in the Programme at V.O.C.Colllege, Tuticorin and also at Kama Raj College,
programmes with keen interest to know the details of the course. Tuticorin. Around 300 students of B.Com., M.Com., and B.B.A., etc.
STUDENTS SEMINAR ON HOW TO PREPARE & WRITE THE from each institutions attended the progrmame. V.S. Krishnamoorthy,
PROFESSIONAL EXAMINATION Chapter Secretary while addressing the students in both the Institutions
explained the Company Secretary Course details, syllabus, pattern
On 18.2.2007 the ICSI-Hyderabad Chapter organized a Seminar and examination. He also pointed out the employment opportunities
for the Students on How to Prepare & Write the Professional in current business situation and practising areas in the field. He
Examination at its Premises. Madduri Srinivas, Company Secretary assured the students that the Institute from the head quarters to
explained the qualities essential for passing the examination and about Chapter level is always ready to serve the students in their studies.
the prospects of the profession. Rajnish C Popat, Chairman, Oral Ramesh Babu, Head of the Department of Commerce in VOC College
Coaching and Students Facilities Committee in his address explained also narrated the important role being played by company secretaries
about good place to study, time management, positive thinking, in the corporate sector.
motivation, exam preparation etc. The programme received
Yet another career awareness programme was held on 30.1.2007
overwhelming response and was greatly appreciated by the Students.
at MDT Hindu College, Tirunelveli. Nearly 50 students of Commerce
Nearly 65 Students attended the Seminar.
and Tirunelveli Government Law College final year students attended
QUIZ PROGRAMME the programme. M. Govindarajan, Chapter Chairman explained the
On 25.2.2007 the ICSI-Hyderabad Chapter organized at its course structures and the importance of the role of the company
premises a Company Law Quiz Programme for 59th Batch of secretaries profession. He also explained how to successfully complete
Intermediate Course Oral Coaching Students. Rajnish C. Popat, the CS examination and get a job. V.S.Krishnamorthy, Chapter
Chairman, Oral Coaching and Students Facilities Committee welcomed Secretary explained the employment opportunities available to the
the students and informed the objectives for conducting the Quiz. He profession in corporate sector . Vargheese, senior lecturer in Govt.
also acted as the quiz master. VS Raju, Chapter Official was the scorer. Law College, Tirunelveli also explained the course details and syllabus,
SS Marthi, Chapter Chairman distributed the prizes to the Winners pattern and examination. T. Raja, Chapter in Charge distributed the
and the Runners-up. brochures and cleared the doubts raised by the students in all the
INDOOR & FUN GAMES FOR 59 TH BATCH OF ORAL career awareness programmes.
COACHING STUDENTS
On 25.2.2007 the ICSI-Hyderabad Chapter organized Indoor & Fun
WESTERN INDIA REGIONAL COUNCIL
Games for 59th Batch of Oral Coaching Students at its Premises. THANE CHAPTER
Rajnish C Popat, Chairman, Oral Coaching & Students Facilities
Committee explained the students the purpose and importance of
INTERMEDIATE GROUP II ORAL COACHING
conducting the indoor and fun games which was to refresh the mind CLASSES
of the students and to develop more concentration towards their studies. W.e.f. 2.7.2007 the Chapter intends to commence next batch
He at the end distributed prizes to the winners and the runners-up. of Oral Coaching Classes for Intermediate Group II students.
MADURAI CHAPTER For further details contact the Chapter Office at 206, Swastik
CAREER AWARENESS PROGRAMMES Plaza, 2nd Pohkran Rd (Subash Nagar), Prior to Voltas Ltd., Thane
(W) 400 601.Phone:25444479;e-mail: rrajguroo@yahoo.co.in
On 13.2.2007 the Chapter organized a Career Awareness

EMPANELMENT OF PRIVATE COACHING CENTRES FOR CONDUCTING ORAL


COACHING CLASSES FOR CS STUDENTS ON BEHALF OF THE INSTITUTE
In a path-breaking initiative, the Council of The Institute of Company Secretaries of India has decided to empanel
Private Coaching Centres for conducting the Oral Coaching Classes for the students undergoing CS Course on behalf of
the Institute. At present, the Institute is conducting the Oral Coaching Classes on its own through its Regional Councils/
Chapters/ Satellite Chapters.
This landmark decision will undoubtedly have a far reaching impact on the entire Oral Coaching System under the
Company Secretaryship Course and it provides a golden opportunity to reputed Coaching Centres in the private sector to
get associated with one of the premier professional institutes in India constituted under Company Secretaries Act, 1980,
functioning under the administrative jurisdiction of Ministry of Company Affairs, Government of India.
The Institute invites applications from interested institutions for conducting Oral Coaching Classes for CS Students
under the aforesaid Scheme. The Regional Councils/ Chapters/ Satellite Chapters of the Institute scattered all over India
have been authorized to scrutinize and forward the applications to Headquarters after preliminary assessment of infrastructure,
etc. in the respective areas along with their recommendations. For format of application, comprehensive guidelines and
modus operandi of the Scheme, please visit the Institutes website www.icsi.edu OR send an application directly to:-
Shri Sohan Lal, Joint Director
The Institute of Company Secretaries of India
ICSI House
22, Institutional Area , Lodi Road, New Delhi 110 003

Student Company Secretary 34 March 2007


SMTP ORGANISED BY H.Q./REGIONAL COUNCILS/CHAPTERS
ELIGIBILITY OF PARTICIPANTS : ICSI final passed candidates. SMTP COURSE CONTENTS : Module I-Filling and Filing of Forms under
the Companies Act, 1956. G Module II-Practical and Procedural Aspects of Convening and Conducting Board Meetings & Annual General
Meetings and Related Aspects. G Module III-Managing Public Issues. G Module IV-Loan Documentation, Joint Ventures & Foreign
Collaborations, Raising Finance through EURO Issues & Export and Import Procedures and Documentation. G Module V-Practical and
Procedural Aspects relating to Appearance before CLB/Under SICA, Consumer Protection Act and Case Studies in RTP/UTP. In addition, the
participants would be exposed to case studies and mock board/general meeting, etc.
Organised by Duration of the Venue of Programme Contact Address
Programme

EIRC of 23.04.2007 EIRO Premises Executive Officer, EIRO of the ICSI, ICSI-EIRC Bldg., 3-A, Ahiripukur 1st
the ICSI to Lane, Near Beck Bagan Nursing Home, Kolkata-700019 Tel. : 22832973/
09.05.2007 22816541 Fax No. : 033-22816542 E-mail : eiro@icsi.edu
NIRC of 18.06.2007 NIRC Premises Executive Officer, NIRC of the ICSI, ICSI-NIRC Building, Plot No. 4, Prasad
the ICSI to Nagar Institutional Area, New Delhi-110005 Tel. : 25763090/25767190/
04.07.2007 25816593 Fax : 25722662 (STD Code : 011) E-mail : niro@icsi.edu/
icsi@eth.net.
Chandigarh 06.05.2007 To be announced Secretary, Chandigarh Chapter of NIRC of the ICSI, GGDSD College, Sector
Chapter of to 32-C, Chandigarh-160047, Tel. : 2661840 (STD Code 0172)
NIRC of the 20.05.2007
ICSI
SIRC of 18.07.2007 SIRC Premises Deputy Director, SIRC of the ICSI, ICSI-SIRC House, New No. 9, Wheat Crofts
the ICSI to Road, Nungambakkam-600034 Tel. : 044-28279898/28268685/
03.08.2007 E-mail : siro@icsi.edu/icsisiro@md3.vsnl.net.in.
Hyderabad 10.04.2007 Chapter Premises Programme Co-ordinator, Hyderabad Chapter of SIRC of the ICSI
Chapter of to #6-3-609/5, Anand Nagar Colony, Khairatabad, Hyderabad-500004
SIRC of 26.04.2007 Tel. : 23399541/23396494 Fax : 23325458 (STD Code : 040)
the ICSI E-mail : hyderabad@icsi.edu
CCRT of the 14.04.2007 CCRT Programme Coordinator, CCRT of the ICSI, Plot No. 101, Sector-15,
ICSI to Premises Institutional Area, CBD Belapur, Navi Mumbai-400614 Tel. : 022-27577814/
29.04.2007 15/16 Fax No. : 022-27574348 E-mail : ccrt@vsnl.com, ccrt@icsi.edu
(18th Residential
SMTP)

The schedule of other SMTPs proposed to be conducted by NIRC, SIRC & Bangalore Chapter during 2007 is as under :
NIRC : (i) 18.09.07 to 05.10.07 (ii) 28.11.07 to 14.12.07 SIRC : (i) 18.09.07 to 04.10.07 Bangalore Chapter : 10.09.07 to 27.09.07.

SCHEDULE OF TRAINING ORIENTATION PROGRAMMES (TOP)

Organised by Duration of the Venue of the Programme Contact Address


the Programme
EIRC of 27.03.2007 EIRO Premises Executive Officer, EIRO of the ICSI, ICSI-EIRC Bldg., 3-A, Ahiripukur 1st
the ICSI to Lane, Near Beck Bagan Nursing Home, Kolkata-700019 Tel. : 22832973/
31.03.2007 22816541 Fax No. : 033-22816542 E-mail : eiro@icsi.edu
NIRC of 09.04.07 NIRC Premises Executive Officer, NIRC of the ICSI, ICSI-NIRC Building, Plot No. 4,
the ICSI to Prasad Nagar, Institutional Area, New Delhi-110005 Tel. : 25763090/
13.04.07 25767190, 25816593 Fax : 25722662 (STD CODE : 011)
E-mail : niro@icsi.edu/icsi@eth.net
Chandigarh 27.05.2007 To be announced Secretary, Chandigarh Chapter of NIRC of the ICSI, GGDSD College, Sector
Chapter of to 32-C, Chandigarh-160047, Tel. : 2661840 (STD Code 0172)
NIRC of the 31.05.2007
ICSI
The schedule of other TOPs proposed to be organised by NIRC, SIRC & Bangalore Chapter during 2007 is as under :
NIRC : (i) 11.06.07 to 15.06.07 (ii) 10.09.07 to 14.09.07 SIRC : 08.10.07 to 12.10.07 Bangalore Chapter : 03.09.07 to 07.09.07.

Student Company Secretary 35 March 2007


LIST OF THE COMPANIES REGISTERED FOR Parasakti Cement Industries Ltd. 15 Months 3000
IMPARTING TRAINING DURING THE MONTH OF 301, 3rd Floor, Manjeera Square Training
JANUARY 2007 Opp. Mythri Hospital
Ameerpet, Hyderabad - 500038
Region Training Stipend EASTERN
Period (Rs.) Sumedha Fiscal ServicesLtd. 15 and 03 Suitable
NORTHERN 8B, Middleton Street, Geetanjali, months Practical
TDI Infrastructure Pvt. Ltd. 15 Months Suitable 6 A, Kolkata - 700071 Training
9, Kasturba Gandhi Marg Training CORRIGENDUM
New Delhi-110001 The stipend mentioned in the Student Company Secretary issue
Mankind Pharma Ltd. 15 Months Suitable of January-2007 against Jessop & Co. Ltd. under Eastern Region
236, Okhla Industrial Estate Training appearing on page No. 33 may please be treated as cancelled.
Phase-3, New Delhi-110020 Instead M/s Jessop & Co. Ltd., Kolkata-700020 will pay suitable
Omaxe Ltd. 15 Months Suitable stipend to the students.
7, Local Shopping Centre Training
Kalkaji, New Delhi-110019 LIST OF PRACTISING MEMBERS REGISTERED FOR
Lakhani India Ltd. 15 Months Suitable THE PURPOSE OF IMPARTING APPRENTICESHIP
Plot No. 131, Sector-24 Training TRAINING DURING THE MONTH OF JANUARY, 2007
Faridabad-121005 VANDANA PANKAJ PCSA-1433
Multimedia & Entertainment Ltd. 15 Months 3000 GI-945, Sarojini Nagar
72, Regal Building (West) Training New Delhi-110 023
IInd Floor, Baba Kharad Singh PRADEEP DEBNATH PCSA-1434
Marg, Connaught Place 494, DDA Flats, New Ranjit Nagar
New Delhi-110001 New Delhi-110008
BTL Investment Ltd. 15 Months 3500
E-18, IInd Floor, Nehru Ground Training DEBASMITA NAYAK PCSA-1435
N.I.T., Faridabad-121001 Plot No. 661, Bomikhal Upstairs of
New Kalika South Indian Hotel, Cuttack Road,
SRS Entertainment Ltd. 15 Months 3500 Bhubaneswar-751 006
SRS Multiplex, City Centre Training
Sector-12, Faridabad - 121007 NIRAJ KUMAR GOEL PCSA-1436
2B-LIG DDA Flats, Prasad Nagar,
IFFCO Chhatisgarh Power Ltd. 15 Months Suitable
C-1, District Centre, Saket Place Training Karol Bagh, New Delhi-110 005
New Delhi-110017 CHEENA JAGGI PCSA-1437
JMD Ltd. 15 Months Suitable 305, Pushpanjali Tower, 2nd Floor
6, Devika Tower, Ground Floor Training Delhi Gate, Agra-282003
Nehru Place, New Delhi - 110019 PANKAJ S DESAI PCSA-1438
WESTERN 505/Panchsheel IV Wing B,
Raheja Township, Malad(E)
IOL Broadband Ltd. 15 Months Suitable Mumbai-400097
601, Raheja Centre Training
Nariman Point, Munbai-400021 CHANGE IN NAME/ADDRES S OF THE COMPANY
IMPARTING TRAINING
Ind Synergy Ltd. 15 Months 2500
201, Shri Krishnam Apartment Training From : R.S. INDUSTRIES (ROLLING MILLS) LTD. ......
10, Daga Layout, North Ambazari Registered for imparting 15 and 03 months
practical training.
Road, Nagpur-440033
To : R. S. INFRA - TRANSMISSION LTD.
Networth Stock Broking Ltd. 15 Months 5000-
A-241-242 (b), Road No. 6D, Vishwakarma
5, Churchgate House, 2nd Floor Training 8000 Industrial Area, Jaipur-302013
32/34, Veer Nariman Road, Fort
From : RELIANCE INFOCOMM LTD. ....... Registered for
Mumbai- 400001 imparting 15 months Training
Walchandnagar Industries Ltd. 15 Months 3500- To : RELIANCE COMMUNICATIONS LTD.
3, Walchand Terraces, Tardeo Training 5000 H-Block, 1st Floor, Dhirubhai Ambani
Road, Mumbai - 400034 Knowledge City, Navi Mumbai-400710
T-Systems India Pvt. Ltd. 15 Months 5000 From : SWEN TELEVISION LTD. .... Registered for
ICC Tech Park, Tower B Training imparting 15 months Training
Survey No. 985 International To : SWEN REALITY AND MEDIA LTD.
Convention Centre, Senapati H-108, 2nd Floor, New Asiatic Building
Bapat Marg, Pune-411016 Connaught Place, New Delhi-110001
Berger Becker Coating Pvt. Ltd. 15 Months ............... CHANGE IN ADDRESS OF THE COMPANY
Plot No. 114, Pilerne Industrial Training
Estate, Pilerne, Post Saligao From : POLYCON INTERNATIONAL LTD. ......
Goa-403511 Registered for imparting 15 and 03 months
Practical Training
SOUTHERN O-16, Malviya Marg, C Scheme, Jaipur-302001
Jocil Ltd. 15 and 03 Suitable To : POLYCON INTERNATIONAL LTD.
Box 216, Arundelpet P.O. months Practical Rotary Bhawan, Church Road, M.I. Road,
Guntur - 522002 Andhra Pradesh Training Jaipur-302001
Student Company Secretary 36 March 2007
SCHEDULE OF ACADEMIC DEVELOPMENT PROGRAMMES (ADP)
Every student of the Institute, who has been sponsored for 15 months training either in a company or under a Company Secretary in Practice is
compulsorily required to attend and complete 25 Hours Academic Development Programme (ADP). The duration of each ADP would be eight hours
and those who have attended three such programmes would be deemed to have attended 25 Hours ADP.
Fee Rs. 250/- per participant
The Schedule of ADPs proposed to be organized by the Regional Councils/Chapters is as under :-
Organised by Date of the Venue of the Contact Address
Programme Programme
EIRC of 07.04.2007 EIRO Premises Executive Officer, EIRO of the ICSI, ICSI-EIRC Bldg., 3-A, Ahiripukur 1st
the ICSI Lane, Near Beck Bagan Nursing Home, Kolkata-700019 Tel. : 22832973/
22816541 Fax No. : 033-22816542 E-mail : eiro@icsi.edu
NIRC of 19.05.2007 NIRC Premises Executive Officer, NIRC of the ICSI, ICSI-NIRC Bldg., Plot No. 4, Prasad
the ICSI Nagar Institutional Area, New Delhi-110005 Tel. : 25763090/25767190/25816593
Fax No. : 25722662 (STD Code No. 011) E-mail : niro@icsi.edu/icsi@eth.net
SIRC of 16.05.2007 SIRC Premises Deputy Director, SIRC of the ICSI, SIRC-ICSI House, No. 9, Wheat Crofts
the ICSI Road, Nungambakkam, Chennai-600034 Tel. : 044-28279898/28268685
Fax No. : 044-28268685 E-mail : icsisirc@md3.vsnl.net.in/siro@icsi.edu
Hyderabad 01.04.2007 Chapter Programme Coordinator, Hyderabad Chapter of SIRC of the ICSI # 6-3-609/5,
Chapter of Premises Anand Nagar Colony, Khairatabad, Hyderabad-500004 Tel. : 23399541/
SIRC of the 23396494 Fax No. : 23325458 (STD CODE : 040) E-mail : hyderabad@icsi.edu
ICSI
The schedule of other ADPs proposed to be organised by NIRC, SIRC and Hyderabad Chapter during 2007 is as under :
NIRC : (i) 21.07.07 (ii) 15.09.07 (iii) 17.11.07 SIRC : (i) 18.08.07 (ii) 15.11.07 Hyderabad Chapter : 13.05.07.

STATUS OF TRAINING
(Period from 01-02-2007 to 28-02-2007)
15 Months Training with Company/Company Secretary in Practice and 03 Months & 15 days Practical Training
STAGE-I STAGE-II
Biodata of the students sent to the companies/company Students sponsored for training
secretaries in practice for consideration
APPLICATIONS CASES
Pending Received Forwarded for Pending Pending Received No. of students Pending
Training as on during the consideration as on as on during who have actually as on
Type 31.01.07 month (upto 28.02.07) 28.02.07 31.01.07 the month taken for training 28.02.07
(upto 28.02.07)
15 Months in 15 14 20 09 04 49 47 06
Companies

15 Months with NIL 29 22 07 07 64 59 12


CS in Practice

3 Months in NIL 36 36 NIL


Company/
15 Days in
Optional Area

2. Exemption
1. Number of applications pending as on 31.01.2007 : 05
2. Number of applications received for exemption : 48
3. Number of exemptions granted : 33
4. Number of pending applications as on 28.02.2007 : 20

Student Company Secretary 37 March 2007


COMPANY SECRETARIES EXAMINATIONS JUNE, 2007
TIME TABLE & PROGRAMME
MORNING SESSION AFTER-NOON SESSION
9.30 AM TO 12.30 PM 1.30 PM TO 4.30 PM
DATE AND
FINAL FOUNDATION INTERMEDIATE
DAY
02.06.2007 Advanced Company English and Business General and Commercial Laws
Regn. No. 42947/84

Saturday Law and Practice Communication


03.06.2007 Secretarial Practice Basic Economics &
Sunday relating to Economic Business Environment Company Accounts and Cost &
Laws and Drafting Management Accounting
& Conveyancing
Posting Date : 20/21-03-2007

GROUP-I
04.06.2007 Secretarial, Management Financial Accounting Tax Laws

GROUP-I
Monday and Systems Audit
05.06.2007 Financial, Treasury Elements of Business Laws Management Information Systems
Tuesday and Forex Management and Management & Corporate Communication
06.06.2007 Corporate Restructuring Information Systems and Company Law
Wednesday Law and Practice Quantitative Techniques
07.06.2007 Banking and Insurance Company Secretarial Practice

GROUP-II
Thursday Law & Practice
08.06.2007 World Trade Organisation
Friday International Trade, Economic, Labour and
Joint Ventures and Industrial Laws
Foreign Collaborations GROUP-II
09.06.2007 Direct and Indirect Securities Laws and Regulation
Saturday TaxationLaw and of Financial Markets
Practice

GROUP-III
10.06.2007 Human Resources
Sunday Management and
Industrial Relations

Delhi.

SECRETARIES OF INDIA
MODE OF PAYMENT
FOR PROMPT REPLY

Lodi Road, New Delhi-110003.


If undelivered, please return to:
correspondence for prompt reply.

Secretaries of India, payable at New


favour of The Institute of Company
crossed demand draft drawn in
All fees and other dues payable to
the Institute may be remitted only by
Delhi Postal Regn. No. DL(S)01/3167/2006-07-08

Licensed to post without prepayment at N.D.P.S.O.


H Licence No. U (C) 130/2006-08

ICSI House, 22, Institutional Area,


THE INSTITUTE OF COMPANY
Students are requested to quote
their Registration Number in all