For Private Circulation Only - ICSI - Home€¦ · FARIDABAD CHAPTER Faridabad Chapter of NIRC of ICSI E-Newsletter Sep. - 2016 35th Issue 8 Vidya Niketan School, N.I.T. 3, Faridabad

FARIDABAD CHAPTER

Faridabad Chapter of NIRC of ICSI E-Newsletter Sep - 2016 35th Issue

Faridabad Chapter Of NIRC Of ICSI THE INSTITUTE OF COMPANY SECRETARIES OF INDIA

PLOT NO. 1A , SECTOR-16 A, (Near Sai Baba Temple), FARIDABAD - 121002

Contact No.: 0129-4003761

Website: www.icsi.edu/faridabad

Email Address: [email protected]

For Private Circulation Only The Journey Towards Excellence Continues...

CS Parveen Ranka, Chairman and CS P. C. Jain, Past Chairman of Faridabad

Chapter with CS Mamta Binani, President of the ICSI at HQ ICSI, Lodhi Road

New Delhi.

CS N. K. Goel, Past Chairman of Faridabad Chapter participated

in the ICSI International Conference held at Greece

FARIDABAD CHAPTER

Faridabad Chapter of NIRC of ICSI E-Newsletter Sep. - 2016

35th Issue

2

Glimpses : Programmes Conducted by Faridabad Chapter

From the Desk of : CS Praveen Ranka, Chairman

From the Desk of : CS N.K. Goel, Past Chairman

Article : Goods and Services Tax

Speech : Chairman’s speech at 35th AGM held on June 25, 2016

Programmes : Photographs & Program Briefs

Bouquets & Brickbats : CS Fraternity

For the past editions of E-Newsletters issued by Faridabad Chapter of NIRC of ICSI :

Please visit : http://www.icsi.edu/faridabad

For updating the contact details of your and your CS friends:

Please send e-mail at : [email protected] / [email protected]

Disclaimer ************************************************************

Views and other contents expressed or provided herein needs to be construed as views of the indi-

vidual. While every effort and care have been taken in the preparation of this Newsletter and to en-

sure its accuracy at the time of publication, Faridabad Chapter of NIRC of ICSI assumes no responsi-

bility for any errors which, despite all precautions, may creep in. The readers are advised to take all

the precautions while initiating any activity on the basis of thoughts expressed herein. Faridabad

Chapter of NIRC of ICSI does not owe any responsibility.

Contents

http://www.icsi.edu/faridabad

mailto:[email protected]

FARIDABAD CHAPTER


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Glimpses

Glimpses of various programmes conducted by Faridabad Chapter of NIRC of ICSI

during April to September 2016

FARIDABAD CHAPTER


35th Issue

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Glimpses



FARIDABAD CHAPTER


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Glimpses



FARIDABAD CHAPTER


35th Issue

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From the Desk of Chairman

C.S Praveen Ranka

Chairman - Faridabad Chapter

Mobile No. 9811588265

E-mail: [email protected]

Dear Professional Colleagues,

The message from Shri Narender Modiji is quite clear to moti-

vate all citizens to make a strong India. Taking the task fur-

ther, at Chapter level our target is to make a movement to

involve students and members in the activities of the chapter

by organizing regular programs, seminar etc. Your chapter is

providing an open opportunity to members and students to

come forward and participate in events organized by the

chapter for the benefit of all.

Last quarter was historical due to constitution of the National

Company Law Tribunal (NCLT) and the National Company

Law Appellate Tribunal (NCLAT) with effect from 1st June,

2016 and dissolution of Company Law Board (CLB). The

NCLT will start functioning with eleven Benches – two at New

Delhi and one each at Ahmadabad, Allahabad, Bengaluru,

Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and

Mumbai. The Principal Bench of the NCLT will be at New

Delhi. Some of the provisions of the Companies Act, 2013

relating to powers of Tribunal have also been notified by the

Government on the same day except provisions pertaining to

compromise and arrangement, winding up etc. It is a great

opportunity for all of us to excel in the field of Corporate Liti-

gation. Company Secretaries would for the first time be eligi-

ble to appear for matters which were hitherto dealt with by the

High Court like mergers, amalgamations, winding up proceed-

ings, capital reduction etc. under the Companies Act, 2013.

Your chapter is actively organizing various programs, semi-

nars and student programs. The brief details are as under:

ACTIVITES DURING APRIL 2016 TO SEPTEMBER 2016

3 DAYS E-GOVERNANCE PROGRAM - 08.04.2016 TO

10.04.2016

Your Chapter organized a 3 day e-Governance program for

the students. The program was attended by students form

NCR.

CORPORATE GOVERNANCE DAY-16.04.2016

At the initiative of CS Mamta Binani, President of The Institute

of Company Secretaries of India, International corporate Gov-

ernance Day was celebrated on PAN India basis on

16.4.2016. The program was a grand success. During the

program, following activities were done:

1. Hoisting the Flag of the ICGD.

2. Releasing of Balloons depicting the logos of ICSI and

ICGD

3. Releasing of Stamp of ICGD

4. A talk show was also organized.

EARTH DAY-22.04.2016

Your Chapter celebrated EARTH DAY in the Chapter prem-

ise. A week long celebrations were organized by ICSI on Pan

India Basis. Plantation was done in Faridabad Chapter prem-

ises. Many past Chairman & representative from local Women

Police station also participated in the event.

CRICKET MATCH-01.05.2016

Your chapter organized a friendly 20:20 cricket match be-

tween the Chairman‟s Eleven led by CS Arun Goel and Past

Chairman‟s Eleven led by CS Nitin Rawat. Past Chairman‟s

Eleven won the match by 21 runs. CS Arun Goel was de-

clared MAN OF THE MATCH for his all round performance.

PRACTICING COMPANY SECRETARY (PCS) DAY CELE-

BRATIONS-15.06.2016

"PCS Day" was celebrated on PAN India basis. Your chapter

have also organized PCS day. "PCS HELPLINE" was

launched on fortnightly basis by NIRC. CS Sanjay Grover,

Past Central Council Member of ICSI was the Chief Guest.

Cake Cutting ceremony was done to celebrate PCS day. CS

Pradeep Jain, Senior Practicing Company Secretary was

honored on the occasion.

SEMINAR - CUM - PDP ON CAPITAL MARKETS:

25.6.2016

Your chapter organized a program during Capital Market

week on “Transcending Horizons - Capital Market Way”. CS

Yogesh Gupta- Past Chairman of NIRC of ICSI was the Chief

Guest. Other speakers including Shri D K Bhatia-DGM of

NSIC Ltd, Mr Rajkumar-Astt Manager NSIC and CS Anjali

Aggarwal, Partner & Head-Capital Market and Stock Ex-

change Services with Corporate Professionals Capital (P) Ltd.

FARIDABAD CHAPTER


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ANNUAL GENERAL MEETING OF THE CHAPTER-

25.06.2016

Annual General Meeting of the Chapter was held to approve

Audited balance sheet of the Chapter for the year ended on

31.3.2016 & other agenda items.

VAN MAHOTSAV ON 1.7.2016:

Your chapter organized the Van Mahotsav on 1.7.2016. Large

number of students and members of Faridabad Chapter par-

ticipated in the celebration of Van Mahotsav and planted the

plants near the boundary wall of the Chapter.

INAUGURATION OF OTC & FELICITATION OF STUDENTS

ON 7.7.2016:

Your chapter inaugurated the Oral Tuition Classes for the Stu-

dents of CS Foundation and CS Executives of Faridabad

Chapter on dated 7.7.2016 and also felicitated the students

stood topper in the previous sessions CS Exams. Total 20

students enrolled for the Oral Tuition Classes for the Students

of CS Foundation and CS Executives.

ICSI QRG HEALTH CHECK UP CUM PDP ON 10.7.2016:

Your Chapter organized a Health Checkup in tie up with QRG

Central Hospital and also organized a full day seminar on

“CORPORATE SOCIAL RESPONSIBILITY” & PDP for stu-

dents on SUNDAY, July 10, 2016 from 9:00 A.M. onwards at

ICSI House, Institutional Plot No. 1A, Sector-16A (Near Sai

Baba Temple) Faridabad-121002

The program started with lighting of lamp by the Dignitaries.

CS Praveen Ranka, Chapter Chairman welcomed the Chief

Guest CS Nesar Ahmed, Past President of The Institute of

Company Secretaries of India, Guest of Honour Dr D K

Baluja, President of QRG Medicare, DrKulwinder Singh,

Team of Senior Doctors from QRG Central Hospital including

Senior Heart Specialists DrGajinder Goyal &Dr Shahe Jafar,

Dr S K Sharma- Senior Physician, Dr Ila Jha- Gynecologist,

Senior Joint & Bone Specialists Dr Rajiv Gupta

&DrSachinManocha, MrAshwaniBaweja, CS P C Jain, stu-

dents and members of ICSI and Guests.

Total 44 students and members participated in the Seminar

cum PDP who were awarded with 4 PCH and 8 PDP hours

certificate as per eligibility.

SAMADHAN DIWAS ON 20.7.2016:

Your chapter organized Samadhan Divas on 20.7.2016 as

part of the Students‟ month. Chapter Incharge requested to

students to explain about their grievances / queries and ad-

dressed and promptly resolved all the grievances / queries

faced by the students on this day. Around 35 students partici-

pated the Samadhan Divas and multiple type queries were

resolved.

SOFT / COMMUNICATION SKILL DEVELOPMENT PRO-

GRAMME ON 22.7.2016:

Your Chapter organized “Skill Development Programme” on

22.7.2016 as part of the Students‟ month. CS Vinit Sikka was

the guest faculty for this programme to teach a lesson to the

Students on the Soft / Communication skills Development.

Around 45 students participated in this programme and learnt

about Soft/ Communications skills.

SWATCH BHARAT ABHIYAN ON 27.7.2016

Your Chapter organized “Swatch Bharat Abhiyan” on

27.7.2016 as part of the Students‟ Month. The students,

members and employees of the ICSI participated in the pro-

gramme and contributed their best efforts to make the pro-

gramme successful.

INDEPENDENCE DAY CELEBRATION ON 15.8.2016:

Your Chapter celebrated Independence Day on 15.8.2016.

Chairman and other Committee members along with students

and employees hoisted the national flag and sung the national

song on this occasion and distributed the sweets among all

the participants.

SEMINAR CUM PDP ON GST ON 18.9.2016:

Faridabad Chapter of NIRC of ICSI organized a full day semi-

nar on “ GST-An opportunity to Professionals” & PDP for stu-

dents on Sunday, September18, 2016from 9:00 A.M. to

5:00P.M.at ICSI House, Institutional Plot No. 1A, Sector-16A

(Near Sai Baba Temple) Faridabad-121002

CS P C Jain, Past Chairman of Faridabad Chapter started the

program and invited all for lighting of lamp.


Guest CS P K Mittal, Past Central Council Member of ICSI,

CA Nagesh Gupta, other members of ICSI, students and

Guests. He explained opportunities for the for the company

secretaries under GST regime. He stressed upon the need for

CS professionals to give dedicated thought to explore the op-

portunities provided under Goods & Services tax (GST).

FARIDABAD CHAPTER


35th Issue

8

Vidya Niketan School, N.I.T. 3, Faridabad on

10.8.2016

Vidya Niketan School N.I.T. 3, Faridabad on

01/09/2016

IMT College, Sector-86, Faridabad on 09/09/2016

Dayanand College for Women, Faridabad on

17/09/2016

The value of any profession is directly linked to the perform-

ance of its students and members. Today, CS profession is

high in demand and requires greater attention from the Mem-

bers both in job and from practice side. We must strive to pro-

vide quality services to our clients by enhancing our own

knowledge and skill sets. At chapter level, we are organizing

regular programs, seminars etc to enrich members with latest

changes in legal world.

It is my humble request to all the members and students to

participate in the Chapter‟s programs and events regularly as

fellowship is an important tool for future development.

The Faridabad Chapter Newsletter is now available at the

NIRO & ICSI portal.

With best regards,

Yours Sincerely,

CS PRAVEEN RANKA

Chairman,

FARIDABAD CHAPTER OF NIRC-ICSI

Cell: 9811588265

Chief Guest CS P K Mittal, an Advocate by profession and

Past Central Council Member of ICSI addressed the gathering

and shared his knowledge and experience with them on GST.

According to him, GST is an opportunity for all specially for

Company Secretaries due to special nature of law and its first

time implementation in India.

CA Nagesh Bajaj, an eminent speaker and well known expert

on GST took two technical sessions on GST. He explained

basic provisions of GST, technical aspects and special provi-

sions which are of immense important in day to day work. Ac-

cording to him, GST will open new opportunities for all profes-

sionals and CS profession is in forefront due to strict legal

compliances under the Act.

ICSI INITIATIVE FOR STUDENTS

ICSI is taking various initiatives for the benefit of students .

Some of them are as under:

1. Monthly Webcast 'Precious You'- President ICSI, CS

Mamta Binani will be kindly addressing the same.

2. Ascentia 2016 (Special drive to register Companies/

PCS/Law Firms/other entities with the ICSI for impart-

ing training to CS students)

3. July,2016 declared as Students month.

CAREER AWARENESS PROGRAMME:

During the period following career awareness programs were

organized by CS Vinit Sikka, ICSI Counselor for Faridabad

district and Past Chairman of Faridabad Chapter :

Modern Public School-29.4.2016

Mahadev Desai Sr. Secondary School (Haryana

Board), Sector-16 A, Faridabad. -25.5.2016

Aggarwal College, Balabhgarh on 26.7.2016


FARIDABAD CHAPTER


9

From the Desk of Past Chairman

C.S N. K. Goel

Past Chairman, Faridabad Chapter

Mobile No. 9899102276


शुभं करोति कल्याणमारोगं्य धनसंपदा ।

शतु्रबुद्धितिनाशाय दीपज्योतिननमोऽसु्तिे ॥

“I fold my hands before the light that brings prosperity,

auspiciousness, good health, abundance of wealth and destruction of the enemy’s intellect.”

Here, Darkness symbolizes enemy’s intellect and with the arrival of light, darkness disappears. Likewise, light (Good’s Grace) destroys darkness (enemy’s intellect)

Dear Members & Students

Greetings of the day !

First of all I congratulate my professional colleagues and stu-

dents for the festival season ahead. May the almighty bring all

happiness joy and prosperity in your professional as well as

personal lives.

I have been communicating to you through this column since

last 5 years. It seems like yesterday when we launched our

own e-newsletter. Despite its myriad challenges, the journey

so far is a happy and fulfillment one- made possible by many

of you who have contributed in various issues of Newsletter.

Looking at the growth of Indian economy the expectations of

the various govt authorities and the society from our profes-

sion has increased and thus we have to update and sharpen

ourselves on regular and continuous basis.

Once Shri Morarji Desai, the then Finance Minister quoted

that, “…for safeguarding our own independence and liberty,

we have got to provide some checks which automatically do

not allow independence and liberty to be misused…Anybody

who misuses power loses it; otherwise democracy is not

maintained….”

I know one thing: our curriculum has taught us to be ethical

and responsible. And I am sure, we will be able to build a bet-

ter and secure time for our generations to come.

Recently, the most awaited GST bill has been passed.GST is

a tax on goods and services with value addition at each stage

having comprehensive and continuous chain of set-of benefits

from the producer‟s/ service provider‟s point up to the re-

tailer‟s level where only the final consumer should bear the

tax.

GST is a solution provider by lining up total indirect tax struc-

ture of all streams into one single tax payable by the compa-

nies. The impact of this will be on all multinational companies

and facilitates for ease of doing business and adds factor to

the globalization and liberalization.

The concept of GST is not new to the world. Keeping in view

of the governance, accountability and for making a single line

of tax system. Undoubtedly, there is a need for GST in India.

It would encourage the system to be transparent. It is ex-

pected that tax evasion would be largely reduced. The GST

law shall bring transparency, accountability and efficiency in

the tax administration and reduce the arbitrage opportunities

available to tax avoidance and evasion. It will also open up

new avenues of professional opportunities for “We” Company

Secretaries.

I had the onerous privilege to communicate with you through

this column, as well as in the programs organized by the

chapter. You will appreciate that we have tried our level best

to provide best of services. The chapter has taken several

initiatives and organizing multiple seminars on subject of wide

professional interest. I cordially invite all of you to attend and

participate in these programs in large number and make them

a grand success.

I am delighted to inform you that there has been overwhelm-

ing response by the members and students to our e newslet-

ter. Your ideas and suggestions are welcomed on this e

newsletter to make it a real memorial document. Let us work

together to take our profession to the greater heights.

Wishing you all the best for wonderful time ahead.

With Warm Regards

Yours sincerely,

Date : 29.10.2016 CS N.K. Goel

Place : Faridabad Past Chairman

FARIDABAD CHAPTER


35th Issue

10

“Goods And Services Tax”

Shubham Tayal

CS Professional Student

Mobile No. 9992558849


INTRODUCTION

The Goods and Services Tax Bill or GST Bill, officially known

as The Constitution (One Hundred and Twenty-Second

Amendment) Bill, 2014, proposes a national value added

tax to be implemented in INDIA from 1 April 2017.

The Constitution (122nd Amendment) Bill, 2014 was intro-

duced in the LOK SABHA by Finance Minister Mr. Arun

Jaitley on 19 December 2014, and passed by the House on 6

May 2015. In the RAJYA SABHA, the bill was referred to a

Select Committee on 14 May 2015. The Select Committee of

the Rajya Sabha submitted its report on the bill on 22 July

2015. The bill was passed by the Rajya Sabha on 3 August

2016, and the amended bill was passed by the Lok Sabha on

8 August 2016.

What is GST?

Goods and Service Tax (GST) is a comprehensive tax levy on

manufacture, sale and consumption of goods and service at a

national level.

The introduction of Goods and Services Tax (GST) would be

a significant step in the reform of indirect taxation in India.

Amalgamating several Central and State taxes into a single

tax would mitigate cascading or double taxation, facilitating a

common national market.

REMOVAL OF CASCADING EFFECT

GST is a tax on goods and services with comprehensive and

continuous chain of set-off benefits from the producer's point

and service provider's point up to the retailer's level. It is es-

sentially a tax only on value addition at each stage, and a

supplier at each stage is permitted to set-off, through a tax

credit mechanism, the GST paid on the purchase of goods

and services as available for set-off on the GST to be paid on

the supply of goods and services. The final consumer will thus

bear only the GST charged by the last dealer in the supply

chain, with set-off benefits at all the previous stages.

MECHANISM OF GST

Taxable Person

It will cover all types of person carrying on business

activities, i.e. manufacturer, job-worker, trader, importer,

exporter, all types of service providers, etc.

If a company is having four branches in four different

states, all the four branches will be considered as tax-

able person under each jurisdiction of SGs.

A dealer must get registered under CGST as it will

make him entitle to claim ITC of CGST thereby attract-

ing buyers under B2B transactions.

Importers have to register under both CGST and SGST

as well.

Proposed Rate Structure

There will be a two-rate structure –a lower rate for nec-

essary items and items of basic importance and a stan-

dard rate for goods in general. There will also be a spe-

cial rate for precious metals and a list of exempted

items.

It is understood that the Government is considering

pegging the revenue neutral rate of GST at a rate be-

tween 18% to 22%.

Models of GST

GST constitutes in it three models of it which can be de-

scribed as a chart given below:

IGST: It means integrated goods and service tax. IGST appli-

cable on all supplies of goods/services in course of inter state

trade or commerce. State includes union territory. However a

goods supply in the course of import in India shall be treated

as an inter state supply.

CGST:- CGST extends for central goods and services tax.

This tax will go into treasure of central government.

SGST: SGST stands for state goods and service tax. This tax

will go into treasure of the respective state.

INPUT TAX CREDIT

ITC has been defined as credit of (IGST/ CGST / SGST)

charged on any supply of goods and/or services used or

intended to be used in course or furtherance of business.

Registered taxable person shall be eligible to avail ITC cred-

ited to the electronic credit ledger subject to condition pre-

scribed. ITC availed by taxable person shall be credited provi-

sionally to electronic ledger.

FARIDABAD CHAPTER


11

What will be out of GST?

Levies on petroleum products

Levies on alcoholic products

Taxes on lottery and betting

Basic customs duty and safeguard duties on import of

goods into India

Entry taxes levied by municipalities or panchayats

Stamp duties on immovable properties

Composition/Compounding scheme

The empowerment committee has recommended that compo-

sition/compounding scheme for the purpose of GST should

have an upper ceiling on gross annual turnover of Rs.50

lakhs and a floor rate of 0.5% across the states.

However, no input credit should be allowed against the com-

pounded levy or purchases made from exempt dealers.

Emerging Issues

What preparations are required at the level of CG and

SG for implementing GST?

Whether the Government machinery is in place for such

a mammoth change?

Whether the tax-payers are ready for such a change?

What impact it can have on the revenue of the govern-

ment?

Conclusion

The taxation of goods and services in India has, hitherto,

been characterized as a cascading and distortionary tax on

production resulting in mis-allocation of resources and lower

productivity and economic growth. It also inhibits voluntary

compliance. It is well recognized that this problem can be ef-

fectively addressed by shifting the tax burden from production

and trade to final consumption. A well designed destination-

based value added tax on all goods and services is the most

elegant method of eliminating distortions and taxing consump-

tion. Under this structure, all different stages of production

and distribution can be interpreted as a mere tax pass-

through, and the tax essentially „sticks‟ on final consumption

within the taxing jurisdiction.

“Goods And Services Tax”

FARIDABAD CHAPTER


35th Issue

12

Faridabad Chapter of NIRC of ICSI organized 35th Annual General Meeting of Farida-

bad Chapter of NIRC of ICSI on Saturday, June 25, 2016 at 5.00 P.M. at ICSI House,

Institutional Plot No. 1A, Sector-16A (Near Sai Baba Temple) Faridabad-121002

(L to R– CA Trilok Chand Rohilla, Internal Auditor, CS Neeraj Jain-Treasurer, CS P C Jain-Past Chairman,

CS Praveen Ranka, Chairman Faridabad Chapter delivering Chairman Speech, CS Atul Arora-Vice Chair-

man, CS Arun Goel-Member, CS Nitin Rawat-Member, Mr R K Verma-Co-opted Member)

Dear Members,

It gives me immense pleasure to welcome you all at the 35th

Annual General Meeting of the Faridabad Chapter of ICSI. It

is indeed a special occasion and I am glad that all of you are

here to share the pride of having our own building. The An-

nual Report for the year ended 31st March 2016 have been

with you for some time now so, with your permission, I shall

take it as read.

Review of Performance

Building of the Chapter: Faridabad Chapter of ICSI

started its Journey 35 years back. In 2004, during my

tenure as Chairman, we started process of taking pos-

session of the plot from HUDA. Today we have our own

building by dedicated efforts of CS P C Jain- Past

Chairman who completed the task started by CS N K

Goel- Past Chairman. My sincere thanks to CS Sanjay

Grover-Past Central Council Member and CS Vineet

Chaudhary, Central Council Members who have sup-

ported the cause as Chairman of INFRA Committee. My

special gratitude to CS Atul S Mehta, Past President of

ICSI who had supported the Chapter by providing timely

funding which resulted into completion of the Building.

Finally, I am happy to inform you that we have

achieved the best milestone in the history of Faridabad

Chapter on 10th January,2016., the day when Building

of our chapter was inaugurated by Shri Krishan Pal

Gurjar, Minister for Social Justice and empowerment

and Shri Vipul Goyal, MLA in the gracious presence of

CS Atul Mehta, President of ICSI (2015-16), CS Mamta

Binani, Vice President & present President of ICSI

( 2016-17), CS Vineet Chaudhary, Central Council

Member & other dignitaries.

Programs: We are now marching ahead towards our

mission of providing the best services to the members

and the students of our Chapter at large. We have or-

ganized various programs, Study Circle Meetings,

Seminars for the members and 2 days Induction Pro-

grammes, PDPs, etc. for the benefit of the students.

The details have been published in the Annual Report

of the Chapter. Following programs organized in the

new Building upto 31.3.2016.

1. Visit of NIRC chairman CS Manish Gupta on 19th

Feb,2016

2. Study Circle by CS Rajiv Bajaj, Central Council member

3. 5th March-Full day seminar on NCLT and Union Budget

4. PDP for students

5. Study Circle Meeting Related Party transactions-CS

Prashant Khatry

6. 2 days e governance program for students

7. 3 days Induction program for students

Press Release

FARIDABAD CHAPTER


13

Press Release

Members & Students: Today, we are serving over 400

members and 3500 students at Faridabad Chapter. We

expect to increase the number of members to 500 and

number of students to 6000 by the end of this financial

year. All the members and students will be requiring lot

of services and facilities. I, on behalf of the Manage-

ment Committee of the Chapter, assure you that we

will provide services to the best of your expectation.

Towards this mission I am happy to share with you that we

are planning to start following new avenues:

1. Oral tuition classes for Foundation, Executive and Pro-

fessional students.

2. Library for members and students

3. Furnishing of entire building at the earliest

Acknowledgements

I am extremely thankful to all the members of the Manage-

ment Committee of the Chapter, faculties and speakers of

various programmes organized by the Chapter. I am thankful

to all the employees of the Chapter and NIRC for their im-

mense contribution. I would also like to thank all my col-

leagues of NIRC and Central council for their valuable support

and guidance.

I convey my sincere thanks to the members, in particular

those present here, for reposing the confidence on the Man-

agement Committee of the Chapter. I would like to end by

mentioning that determination, trust, action and solidarity will

be our tools to accomplish our objective.

CS PRAVEEN RANKA

CHAIRMAN

FARIDABAD CHAPTER


35th Issue

14

REPORT ON WHIRLWIND PLENARY ON EVANGELIZING THE INTERNATIONAL CORPORATE GOV-

ERNANCE DAY" HELD ON 16.04.2016 AT 5.30 P.M. AT ICSI HOUSE, SEC 16 A, FARIDABD

Program was attended by 47 persons including Members,

Students and Guests.

Press and Media persons also attended the program.

Guests including the following:

CS Praveen Ranka - Chairman of Faridabad Chap-

ter of NIRC of ICSI & HOST, FCS, PGDBM, MA

(Quratvtaince Economics), LLB, B.Sc.

Shri M.P. Rungta - Chief guest & Participant in talk

show - A Cost accountant by profession, he is Man-

aging Director of M/s Cosmos Fibre Glass Ltd and

past President of Laghu Udyog Bharti, Faridabad

Chamber of Commerce and Industries, Rajasthan

Association.

Dr. M.P. Singh - Participant in talk show- M.sc

(Math ) , M.ed( Education) , M.B.A(H.R.M), Ph.d

(Math , Statistics , Education ) . Past Professor, he is

authorized lecturer of First – Aid & Nursing, Motivator

from I.S.B.T.I & Aids Control Society Panchkula,

Chandigarh., expert of Disaster Management, Chief

Warden Civil Defense, Road Safety Officer & Nodal

Officer.

Dr. Sanjeev Gemawat - Participant in talk show-

CA,CS,ICWA,LLM,PHD, He is Executive Director with

Dalmia Cement Ltd(Listed Company), earlier worked

with JCB, DLF etc.

Dr. Raj Kumar Aggarwal - Participant in talk show-

CA,CS,ICWA,PHD, He is a practicing as a CA and

past Chairman of NIRC of ICSI and Faridabad Chap-

ter.

Mr. N. K. Goel - Participant in talk show- CA,CS, He

is a practicing as a CS. Past Chairman of Faridabad

Chapter NIRC of ICSI, he has won Best CFO award

for 3 years while serving in JBM Ltd, a listed Com-

pany.

Shri A S Ranka - Expert of NGO, General Council

member & Past International Vice President of Ma-

havir International, a prominent NGO – MA,LL.B,

CAIIB, he is an ex banker retired from PNB.

Main features of program:

Hoisting the Flag of the ICGD-Done by Guests and

Chairman CS Praveen Ranka, Past Chairman P C

Jain and members present.

Releasing of Balloons depicting the logos of ICSI and

ICGD- Done by Guests and Chairman CS Praveen

Ranka, Past Chairman P C Jain

Releasing of Stamp of ICGD - Done by Guests and

Chairman CS Praveen Ranka, Past Chairman P C

Jain

Press Release

[ CS Praveen Ranka and CS N K Goel explaining about technological advancements in Talk Show ]

FARIDABAD CHAPTER


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REPORT ON EARTH DAY ON 22.04.2016 AT 8.00 A.M. AT ICSI HOUSE, SECTOR 16-A, FARIDABAD

Faridabad Chapter of NIRC of ICSI celebrated EARTH DAY

by organizing plantation in the Chapter premises on 22nd

April,2016. Program was attended by Members, Students and

Guests.

CS Praveen Ranka, Chairman of the Chapter welcomed all

the members present and introduced the theme of the pro-

gram. He informed that CS Mamta Binani-President of ICSI

had planned a one week celebration of EARTH DAY at all the

chapter offices on Pan India basis. In that series, Faridabad

Chapter has also organized a plantation program in its prem-

ises. He requested all to join for plantation.

First Plantation of Ashoka Tree was done by CS B J

Shah-Past Chairman of Faridabad Chapter

Second Plantation of Ashoka Tree was done by CS Ajay

Garg-Past Chairman of Faridabad Chapter

Third Plantation of Ashoka Tree was done by CS Sunil

Aggarwal-Past Chairman of Faridabad Chapter

Fourth Plantation of Ashoka Tree was done by CS Nitin

Rawat - Executive Committee Member of Faridabad

Chapter

Fifth Plantation of Ashoka Tree was done by Mr R K

Verma - Executive Committee Member of Faridabad

Chapter

Sixth Plantation of Ashoka Tree was done by CS Pratibha

Ranka

Seventh Plantation of Ashoka Tree was done by Two

Constables from Local Police Station

Eight Plantation of Palm Tree was done by CS Arun Goel

- Executive Committee Member of Faridabad Chapter

Ninth Plantation of Ashoka Tree was done by Mr

Makkhan Lal Raiger- Incharge at Faridabad Chapter & Mr

Arvind Kumar-Asstt.

Tenth Plantation of Ashoka Tree was done by CS

Praveen Ranka- Chairman of Faridabad Chapter

CS Praveen Ranka conveyed thanks to all the Members &

Staff of ICSI who participated in the event.

(LtoR) Management Committee Members CS Nitin

Rawat, CS Arun Goel, Mr R K Verma, CS B J Shah-Past

Chairman, CS Praveen Ranka-Chairman of Faridabad

Chapter, CS Pratibha Ranka, CS Ajay Garg and CS Sunil

Aggarwal - Past Chairman, Mr M L Raiger, In - Charge, Mr

Arvind Kumar, Sr. Office Asstt.

(LtoR) CS Praveen Ranka-Chairman of Faridabad Chap-ter, Mr M L Raiger, In-Charge, Mr Arvind Kumar.

Press Release

FARIDABAD CHAPTER


35th Issue

16

Faridabad Chapter of NIRC of Institute of company Secretar-

ies of India organized a friendly cricket 20:20 match between

the Chairman‟s Eleven and Past Chairman Eleven. Chair-

man‟s Eleven led by CS Arun Goel won the toss and decided

to field.

Past Chairman‟s Eleven led by CS Nitin Rawat opening part-

nership made 30 runs and thereafter with a good performance

by CS Nitin Rawat (21 runs) , CS Vicky Chauhan(21 runs),

CS Sumit Garg(21 runs) and CS Kapil (21 runs) took score to

142 runs(142/9). Good Bowling performance by CS Arun

Goel, Ashish Pandey, Updesh Tomar who took 2 wickets

each and CS Praveen Ranka and Sunil Nagar took 1 wicket

each.

Chairman‟s Eleven opener CS Arun Goel remained not out

and made 75 runs. Ankur Chauhan made 12 runs. CS

Praveen Ranka remained not out. Final score (121/7). Good

Bowling performance by CS Vicky Chauhan, Jai Prakash who

took 2 wickets each and CS Nitin Rawat, Atul Arora and

Sumit Raj took 1 wicket each.

Past Chairman‟s Eleven won the match by 21 runs. CS Arun

Goel was declared MAN OF THE MATCH for his allround per-

formance of 75 runs not out and 2 wickets.

Expert Commentary was done by CS Ajay Garg, Past Chair-

man of Faridabad Chapter.

CS Praveen Ranka conveyed thanks to all the Players, Mem-

bers & Staff of ICSI who participated in the event.

Past Chairman’s Eleven Captain CS Nitin Rawat receiving Winners Trophy from CS Praveen Ranka, Chairman of Faridabad Chap-ter of ICSI

Chairman’s Eleven Captain CS Arun Goel re-ceiving Runner’s up Trophy from CS Praveen Ranka, Chairman of Faridabad Chapter of ICSI

REPORT ON FRIENDLY CRICKET MATCH OF COMPANY SECRETARIES HELD ON 01.5.2016 AT 7.00A.M.AT ARAVALI INTERNATIONAL SCHOOL PLAYGROUND, FARIDABD

Press Release

FARIDABAD CHAPTER


17

Press Release Blood Donation Camp


Guest Shri Anil Sharma, Councilor, Guest of Honour Shri A.S.

Ranka, Governing Council Member of Mahavir International,

Shri A S Patwa, General Secretary of Mahavir International

and others.

CS Praveen Ranka, Chairman informed that blood donation

camp is organized to celebrate forthcoming Blood Donors day

and PCS day. He stressed that all should strive to donate

blood regularly.

Chief Guest Shri Anil Sharma, Councilor congratulated all

present and offered his services for any work to support the

social cause like blood donation, health check up etc.

Shri A S Patwa, General Secretary of Mahavir International

informed about various activities of MI including Catract Free

Faridabad, Roti Bank, Blood donation etc. He also informed

that MI is running two hospitals in Faridabad.

Blood donation was done by CS P.C. Jain-Past Chairman, CS

Arun Goel, CS Atual Arora-Vice Chairman, CS Bhushan

Wadhwa, CS Rohit Mehta, CS S S Nayyar, Past Chairman,

Shri Sanjay Ranka, Shri Lodha, CS Rajiv Rawat, CS Sunil

Nagar, CS Neha Dhingra, CS Sakshi Arya, CS Radhika Arya,

Shubham, Arvind, Ashish Mangla, Surender Prasad, Bhavna

Mittal etc.

“BLOOD DONATION CAMP ” ORGANISED AT ICSI HOUSE, INSTITUTIONAL PLOT

NO. 1A, SECTOR-16A FARIDABAD BY FARIDABAD CHAPTER OF NIRC OF ICSI IN

ASSOCIATION WITH MAHAVIR INTERNATIONAL, FARIDABAD

Faridabad Chapter of NIRC of ICSI organized blood donation camp on Sunday , June 12, 2016 at ICSI House, Institu-

tional Plot No. 1A, Sector-16A (Near Sai Baba Temple) Faridabad-121002 in association with Faridabad Donors Club,

Mahavir International, Faridabad.

(LtoR, Mr R K Verma, CS P C Jain, CS Praveen Ranka, Chairman Faridabad Chapter, Shri Anil Sharma, Councilor, Shri

A S Patwa, Shri A.S. Ranka, Governing Council Member- Mahavir International, CS Pratibha Ranka)

FARIDABAD CHAPTER


35th Issue

18

Press Release

Mahavir International also distributed free food to 100 persons under their ROTI Bank program. Food was sponsored

by CS Praveen Ranka, Chairman of the Chapter.

Mahavir International was represented by Shri S N Tyagi, Vice President, Shri Umesh Arora, Director, Blood Donation,

Smt Patwa, Shri K K Mishra. Dr M P singh. Other guest including Smt Nayyar, CS Mayuri Gupta, Shri Neeraj Dixit, Shri

R K Verma, CS Pratibha Ranka.

PRAVEEN RANKA

CHAIRMAN

Faridabad Chapter of NIRC-ICSI

FARIDABAD CHAPTER


19

“PCS DAY” Celebration at ICSI House by Faridabad Chapter of NIRC of ICSI

Faridabad(abtaknews.com)Faridabad Chapter of NIRC of

ICSI celebrated PCS Day on Wednesday, June 15, 2016 from

4:00 p.m. to 7:00 p.m. at ICSI House, Institutional Plot No. 1A,

Sector-16A (Near Sai Baba Temple)CS Praveen Ranka,

Chapter Chairman welcomed the Chief Guest CS Sanjay

Grover, Past Central Council Member of ICSI, Guest of hon-

our Shri A.S. Ranka, Governing Council Member of Mahavir

International and eminent speakers CS S.K. Aggarwal, Prac-

ticing Company Secretary, CS Pradeep Jain, Practicing Com-

pany Secretary, CS P.C. Jain & CS N.K. Goel, PCS & Past

Chapter Chairman and members of ICSI and Guests.

CS Praveen Ranka, Chairman delivered lecture on the show

case of the profession –Start up – Stand up. He stressed that

chapters are giving opportunities to Practicing Company Sec-

retaries who have accolades through their in emerging areas

of practice. He also took session on the topic “Way forward –

Innovative Services to Corporates. He further explained what

industry demands from the profession.

The Chief Guest CS Sanjay Grover, Practicing Company Sec-

retary & Past Central Council Member of ICSI addressed the

gathering and shared his knowledge and experience with

them and also expressed about various opportunities avail-

able to the practicing company secretaries. Today, Company

Secretary profession is high in demand and entire corporate

world is looking towards them for best governance practices.

He wished all the participants for success in their profession.

Open house discussion was held and queries of the practicing

company secretaries were resolved.

CS Pradeep Jain, a senior Practicing Company Secre-

tary was honored on the ocassion. CS N.K. Goel, Practicing

Company Secretary & Past Chairman of Faridabad Chapter,

delivered the vote of thanks.Cake Cutting ceremony was

done to celebrate PCS day. Program was coordinated by Mr.

Makkhan Lal Raiger, Senior Executive Assistant-ICSI with

assistance of Mr. Arvind Kumar, Senior Office Assistant. In

total 30 members, students and Guest hav attended the pro-

gram. The technical session was very informative & appreci-

ated by the gathering at the large.

Press Release

पूिन चेयरमैन इलेिन टीम रोमांचक मुकाबले में 21 रन से जीिी

FARIDABAD CHAPTER


35th Issue

20

PRACTISING COMPANY SECRETARIES (PCS) DAY June 15, 2016

“PCS DAY” CELEBRATION AT ICSI HOUSE, INSTITUTIONAL PLOT NO. 1A, SECTOR-16A FARIDABAD

BY FARIDABAD CHAPTER OF NIRC OF ICSI

Faridabad Chapter of NIRC of ICSI celebrated PCS Day on Wednesday, June 15, 2016 from 4:00 p.m.

to 7:00 p.m. at ICSI House, Institutional Plot No. 1A, Sector-16A (Near Sai Baba Temple) Faridabad-

121002

Press Release

(Sitting from left to right, CS SK Aggarwal, Practicing Company Secretary, CS Praveen Ranka, Chairman Faridabad Chapter, CS Sanjay Grover, Past Central Council Member of ICSI and Shri A.S. Ranka, Governing Council Member-

Mahavir International)

CS Praveen Ranka, Chapter Chairman welcomed the Chief Guest CS Sanjay Grover, Past Central Council Member of ICSI,

Guest of honour Shri A.S. Ranka, Governing Council Member of Mahavir International and eminent speakers CS S.K. Aggar-

wal, Practicing Company Secretary, CS Pradeep Jain, Practicing Company Secretary, CS P.C. Jain & CS N.K. Goel, PCS &

Past Chapter Chairman and members of ICSI and Guests.

CS S.K. Aggarwal took the session on recognition secured for PCS – Joyful Journey since 15th June 1988. CS P.C. Jain,

Practicing Company Secretary & Past Chapter Chairman took the session on topic “Emerging areas of practice – PCS from

Panchayat to Parliament (GST – Panchayat Raj-TRAI-NGOs-Standard on Meetings)

CS Praveen Ranka, Chairman delivered lecture on the show case of the profession –Start up – Stand up. He stressed that

chapters are giving opportunities to Practicing Company Secretaries who have accolades through their in emerging areas of

practice. He also took session on the topic “Way forward – Innovative Services to Corporates. He further explained what in-

dustry demands from the profession.

The Chief Guest CS Sanjay Grover, Practicing Company Secretary & Past Central Council Member of ICSI addressed the

gathering and shared his knowledge and experience with them and also expressed about various opportunities available to

the practicing company secretaries. Today, Company Secretary professions is high in demand and entire corproate world is

looking towards them for best governance practices. He wished all the participants for success in their profession. Open

house discussion was held and queries of the practicing company secretaries were resolved.

FARIDABAD CHAPTER


21

फरीदाबाद

16 जून। सेक्टर 16 ए स्थथत आईसीएसआई फरीदाबाद चैप्टर भवन में पीसीएस डे मनाया गया। इस अवसर पर पै्रस्क्टस कंपनी सेके्रटरी एवं को

सस कर रहे छात्र भी उपस्थथत थे. आईसीएसआई फरीदाबाद चैप्टर चेयरमैन प्रवीण रांका ने बताया कक पै्रस्क्टकसंग कंपनी सेके्रटरी को पहली बार

15 जून 1988 मे वाकषसक कववरणी प्रमाणीकरण का अवसर प्राप्त हुआ था, इस कलए आईसीएसआई आज का कदन पूरे भारत मे पीसीएस कदवस

के रूप मे मनाया जा रहा है।

प्रवीण रांका ने कहा कक कें द्र सरकार की स्टाटस अपस्टैंड अप योजना की तारीफ करते हुए कहा कक आज उद्योग जगत की मांग भी कुशल कमस

चाररयो ंकी है।

महावीर इंटरनॅशनल के गवकनिंग क कंसल मेंबर श्री ए.एस.रांका ने सभी को अपना आशीवासद कदया| पीसीएस डे सेकलबे्रशन में वररष्ठ पै्रस्क्टकसंग

कंपनी सेके्रटरी सीएस प्रदीप जैन को सम्माकनत ककया गया। समारोह में सीएस एनके गोयल पै्रस्क्टकसंग कंपनी सेके्रटरी एवं पूवस चेयरमैन फरी

दाबाद चैप्टर ने सभी का धन्यवाद एवं आभार प्रकट ककया। इस अवसर पर फरीदाबाद चैप्टर के चेयरमैन प्रवीण रांका ने मुख्यअकतकथ एवं कवकशष्ठ

अकतकथयो ंको बुके देकर स्वागत ककया। कायसक्रम में मुख्यरूप से एसके अग्रवाल, श्री ए.स.रांका, प्रदीप जैन, पीसी जैन, एनके गोयल, नीरज कद

कित, नीरज गांधी, नीरज जैन, कनकतन रावत, वकनता अरोरा, प्रकतभा रांका, आर के वमास, कब्रजेश शमास, मक्खन लाल रैगर, अरकवंद कुमार एवं छा

त्र म जूद थे।

समारोह के अंत मे केक काट कर पीसीएस डे मनाया गया .

Press Release

FARIDABAD CHAPTER


35th Issue

22

Press Release


Guest CS Yogesh Gupta, Past Chairman of NIRC of ICSI,

students and members of ICSI and Guests. CS Praveen

Ranka, Chairman explained opportunities in the Capital Mar-

kets for the company secretaries. He stressed upon the need

for professionals to avail opportunity in the “Start up – Stand

up” scheme of Govt.

Chief Guest CS Yogesh Gupta- Past Chairman of NIRC of

ICSI addressed the gathering and shared his knowledge and

experience with them on capital markets, wealth management

etc. According to him, Company Secretary profession is high

in demand as all listed companies are required to appoint

Compliance officers without which they can can not raise

funds.

Shri D K Bhatia, DGM of NSIC Ltd, a PSU took next session

on the opportunities for MSME sector with NSIC. He ex-

plained various schemes of NSIC which can be availed by the

manufacturing and services sector including participation in

Govt tenders. Mr Rajkumar, Astt Manager NSIC gave a power

point presentation on all the schemes.

SEMINAR ON CAPITAL MARKETS 25TH JUNE, 2016, AT ICSI HOUSE, INSTITU-

TIONAL PLOT NO. 1A, SECTOR-16A, FARIDABAD BY FARIDABAD CHAPTER OF

NIRC OF ICSI

Faridabad Chapter of NIRC of ICSI organized a full day seminar on “ CAPITAL MARKETS ” & PDP for students on Sat-

urday, June 25, 2016 from 9:00 A.M. to 5:00 P.M. at ICSI House, Institutional Plot No. 1A, Sector-16A (Near Sai Baba

Temple) Faridabad-121002

(L to R , CS Yogesh Gupta-Past Chairman of NIRC of ICSI, CS Nitin Rawat-Practicing Company Secretary, CS Praveen

Ranka, Chairman Faridabad Chapter, Mr R K Verma-EC Member of Faridabad Chapter)

FARIDABAD CHAPTER


23

Press Release

CS Anjali Aggarwal, Partner & Head-Capital Market and Stock Exchange Services with

Corporate Professionals Capital (P) Ltd a SEBI Registered Category I Merchant Banking

company took last session on the compliances with SEBI regulations and role of Company

Secretaries.

An open house discussion was also held wherein company secretaries and CS students

shared their views on the professional opportunities. PDP certificates were awarded to CS

students who attended the program.

CS P C Jain delivered the vote of thanks. Program was attended by CS P C Jain, CS

Vanita Arora, CS Anmol Nakra, CS Natasha, Mr. Makkhan Lal Rasiger, Senior Executive

Assistant-ICSI, Mr. Arvind Kumar, Senior Office Assistant etc. In total 40 members, stu-

dents and Guest have attended the program. The technical session was very informative

& appreciated by the gathering at the large. Necessary credit hours to students and mem-

bers were allotted who attended the program.

(Group photograph of Participants of the PCS Day along with Shri D K Bhatia, DGM-NSIC Ltd & CS Praveen

Ranka,Chairman of Faridabad Chapter of ICSI & others)

FARIDABAD CHAPTER


35th Issue

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Press Release Seminar cum PDP held on 18.9.2016

(Group photograph of Participants of the PCS Day along with Shri D K Bhatia, DGM-NSIC Ltd & CS Praveen Ranka,

Chairman of Faridabad Chapter of ICSI & others)

(L to R , CS Praveen Ranka, Chairman Faridabad Chapter welcomes CS P K Mittal, Past Central Council Member of

ICSI, CA Nagesh Bajaj)

FARIDABAD CHAPTER


25

Press Release Seminar cum PDP held on 18.9.2016

(Group Photo of Participants in the Seminar cum PDP held on 18.9.2016)

FARIDABAD CHAPTER


35th Issue

26

Bouquets & Brickbats CS Fraternity

This news letter is a great attempt to provide the glimpses of activities of the chapter. Also it will act as a motivation to build-

ing professionals.

Vinit Sikka: Past Chairman

The E-Newsletter is highly informative with full knowledge and awareness specially for the professionals.

CS Bharti Khandelwal

Team Faridabad, Newsletter is indeed an excellent compilation of news, information, articles and other area of professional

interest.

Shubham Tayal

I would like to congratulate the entire team of Faridabad Chapter for the successful conducting of the 35th Annual General

Meeting and the most informative and knowledgeable seminar on the same day.

Good going!!! Keep it up!!!!

Aman Goel

Documents

For Private Circulation Only - ICSI - Home€¦ · FARIDABAD CHAPTER Faridabad Chapter of NIRC of ICSI E-Newsletter Sep. - 2016 35th Issue 8 Vidya Niketan School, N.I.T. 3, Faridabad