Code for Charity governance  

  Gaining motivation from the above shloka of ChanakyaNiti, if no country is foreign to a man of true learning, how can any arena of activity be far-fetched for an institution whose intent is to imbibe good governance in the heart and soul of the nation? Charity, alms, philanthropy have played their role in bridging the gap between the disparities that have existed in the society for auld langsyne. What began as a moral and ethical responsibility found its future in the formation of dedicated organizations and institutions; entities who solely and wholeheartedly dedicated themselves to the social cause for which they had been established. Understanding the role and significance of charitable entities in the modern day and more so, the obligation to dispense with their social responsibilities, corporates globally

Read More Code for Charity governance  

ICSI Signs MOU with the National Skill Development Corporation to equip over 1,00,000 CS students on GST 

  PRESS RELEASE ICSI Signs MOU with the National Skill Development Corporation to equip over 1,00,000 CS students and public at large on GST The Institute of Company Secretaries of India together with National Skills Development Corporation will train over One Lakh CS students, ICSI stakeholders and public at large as “GST Account Assistants”. Prime Minister, Narendra Modi, while inaugurating the ICSI’s Golden Jubilee Year Celebrations on 4th October, 2017 at Vigyan Bhawan emphasised on the role of Company Secretaries in promoting and maintaining compliance and transparency in the Corporate sector. He desired that the institute and its stakeholders help in spreading awareness about the benefits of GST and taking it across the length and breadth of the country and provide their services as professionals who can cater to GST

Read More ICSI Signs MOU with the National Skill Development Corporation to equip over 1,00,000 CS students on GST 

ICSI Members facilitated to avail infrastructural facilities at the Overseas Centres-MoU entered into with Institute of Cost Accountants of India 

  October 10, 2017 Dear Members, Sub: The Institute of Company Secretaries of India members facilitated to avail infrastructural facilities at the Overseas Centres – MoU entered into with Institute of Cost Accountants of India It give me immense pleasure to inform you that the Institute of Company Secretaries of India has recently entered into a Memorandum of Understanding [MoU] with the Institute of Cost Accountants of India. In terms of the said MoU, the Institute of Company Secretaries of India and its members may avail the infrastructural facilities of Overseas Centres of the Institute of Cost Accountants of India at Bahrain, Botswana, Canada, Dubai, Kathmandu, Muscat, Tanzania, Washington, and Zambia. The MoUs also provides for participation of the members of the Institute of Company Secretaries of India in the

Read More ICSI Members facilitated to avail infrastructural facilities at the Overseas Centres-MoU entered into with Institute of Cost Accountants of India 

Report of the SEBI Committee on Corporate Governance : ICSI

  5th October, 2017 Dear Professional Colleagues, Subject: Report of the SEBI Committee on Corporate Governance The Institute of Company Secretaries of India set its foot into its Golden Jubilee Year on 4th October, 2017 in the august presence of Shri Narendra Modi, Hon’ble Prime Minister of India. The celebration was marked by his appreciation of the role of ICSI recommendations in strengthening the corporate governance framework of the nation. Another feather was added today in the cap of the Institute when the report of SEBI Committee on Corporate Governance was submitted to SEBI. The SEBI Committee on corporate governance was constituted on June 2, 2017 under the Chairmanship of Mr. Uday Kotak with the aim of improving standards of corporate governance of listed companies in India. ICSI represented in

Read More Report of the SEBI Committee on Corporate Governance : ICSI

The last date for payment of Annual Membership Fee for the FY 2017-18 has been extended upto 31st August 2017 

  EXTENSION IN THE LAST DATE FOR PAYMENT OF ANNUAL MEMBERSHIP AND CERTIFICATE OF PRACTICE FEE FOR THE YEAR 2017-18 The annual membership fee and certificate of practice fee for the year 2017-2018 has become due for payment w.e.f. 1st April, 2017. The last date for the payment of fee was 30th June, 2017 which has now been extended upto 31st August, 2017. The membership and certificate of practice fee payable is as follows: Particulars Associate (admitted till 31.03.2015) Associate (admitted on or after 01.04.2015) Fellow Annual Membership fee Rs. 2500 Rs. 1500 Rs. 3000 Entrance fee Rs. 2000 Rs. 2000 Rs. 2000 Restoration fee Rs. 250 Rs. 250 Rs. 250 Certificate of Practice fee Rs. 2000 Rs. 1500 Rs. 2000   A member who is of the age of

Read More The last date for payment of Annual Membership Fee for the FY 2017-18 has been extended upto 31st August 2017 

Goods and Service Tax by ICSI

  PD&PP : GST: 04S/2017 June 02, 2017 Understanding Schedule II (Part – I) In the previous issue we discussed about the activities which are to be considered as supply of goods or supply of services even if they are without a consideration, but are done in the course or furtherance of business. Schedule II of the Central Goods & Services Tax Act, 2017 lists activities which are to be treated as supply of goods and supply of services. In this issue, activities which form supply of goods are discussed. The next issue will cover the list of activities to be treated as supply of services, as enumerated in Schedule II. Activities to be treated as supply of goods Form of supply Description Transfer Transfer of title in goods Transfer

Read More Goods and Service Tax by ICSI

ICSI FinanCS Edition 13

  Dear Professional Colleagues The world at large recognizes the fact that the Institute of Company Secretaries of India has treaded flawlessly on the path of progress, undeterred by impediments and hindrances that came in its way. Since 1980, every year, ICSI has taken up various initiatives that have cast an everlasting impact towards enhancing the reputation of the profession. The recent regulatory prescriptions have recognized the pivotal role that company secretaries can play in ensuring the compliance of the law in true letter and spirit. There is a plethora of opportunities for the profession of Company Secretaries and we need to develop our capacities by garnering knowledge and latest information from multifarious sources. This responsibility is exclusively on us, at the ICSI. In this direction, the Institute strongly felt

Read More ICSI FinanCS Edition 13

Goods and Service Tax : Education Series by ICSI

  GST: 03/2017 June 01, 2017 Understanding Schedule I Schedule I lists activities that are to be treated as supply even if they are without a consideration. The important point to note here is that though the following activities will be considered as supply even if there is no consideration involved, it is required that the activity is done in the course or furtherance of business. The forms of Supply listed in Schedule I are as follows: Permanent transfer or disposal of business assets where input tax credit (ITC) has been availed on such assets. When ITC is availed on a particular asset and the asset is disposed off or transferred permanently without a consideration, it will be considered as supply and attract GST. Example : Suppose, if XYZ Ltd.

Read More Goods and Service Tax : Education Series by ICSI

Goods and Service Tax 30 may 1st issue by ICSI

  GST: 01/2017 May 30, 2017 Understanding Basics of GST Single tax rate for a product or service in any part of the country (except J&K) The following 17 different indirect taxes will be subsumed under GST Central taxes State taxes 1. Central Excise Duty; 2. Duties of Excise (Medicinal and Toilet Preparations); 3. Additional Duties of Excise (Goods of Special Importance); 4. Additional Duties of Excise (Textiles and Textile Products); 5. Additional Duties of Customs (commonly known as CVD); 6. Special Additional Duty of Customs (SAD); 7. Service Tax; 8. Cesses and surcharges insofar as they relate to supply of goods or services. 9. State VAT; 10. Central Sales Tax; 11. Purchase Tax; 12. Luxury Tax; 13. Entry Tax (All forms); 14. Entertainment Tax (except those levied by the

Read More Goods and Service Tax 30 may 1st issue by ICSI