centre for corporate governance, training (ccgrt ... · the company secretaries have got the...

Speak the Truth. Abide by the Law.lR;a on /keZpjA aA

Mo�o"To be a global leader in

promoting goodcorporate governance"

Vision Mission"To develop high calibreprofessionals facilitating

good corporate governance"

Plot No.101, Sector-15, Ins�tu�onal Area, CBD Belapur,

Navi Mumbai, Maharashtra 400614

VOLUME - 5 JULY, 2019

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CENTRE FOR CORPORATE GOVERNANCE, RESEARCH & TRAINING (CCGRT)






ICSI-CCGRT Management Committee

1. CS Praveen Soni - Chairman

2. CS Chetan B Patel - Member

3. CS Manish Gupta- Member

4. CS Nagendra Rao D- Member

5. CS Awaneesh Kumar Srivastava - Member

6. CS Manish Ghia - Member

7. CS Pawan Baid - Member

8. CS Shweta Kharangate (Ms.) - Member

Mr. Sudipto Pal - Joint Secretary Dr. Tarun Pandeya - Dean

ICSI-CCGRT SENIOR OFFICIAL

INDEX

2 Page No: 04

3

4 Page No: 10

5 Page No: 12

7 Page No: 14

8 Page No: 16

9 Page No: 19

1 Page No: 03

Page No: 05

MESSAGE FROM CHAIRMAN

WORKSHOP ON EFFECTIVE BUSINESS COMMUNICATION SKILLS

PHOTO MEMOIR OF THE MONTH

“CCGRT - आपके �ार” WITH THE ICSI JAIPUR CHAPTER

JUDGEMENTS

REGULATORY UPDATES

ACTIVITIES AT CoE, HYDERABAD

“CCGRT आप के �ार” INITIATIVE

“CCGRT - आपके �ार” WITH THE ICSI SURAT CHAPTER10 Page No: 20

CCGRT INVITES ARTICLES 10 Page No: 21






MESSAGE FROM CHAIRMAN

न कम�णामनार�ा�ै�� पु�षोऽ�तेु।ंन च सं�सनादेव �स�� सम�धग��त।।

“Na karmanaam anaarambhaan naishkarmyam purusho'shnute;Na cha sannyasanaad eva siddhim samadhigacchati”

[A person can never achieve freedom from reactions to activities without first performing

Action ( कम� ); neither can perfection be attained by renouncing them as well]

- �ीमद भगवद गीता् ्

The Company Secretaries have got the opportunities to show their skills-set in the areas of representation services before the adjudicating authorities since the enactment of IBC and establishments of NCLT and NCLAT. We should �lourish ourselves in the areas of representation services and make the sloka as referred above as the Guru Mantra.

Let me congratulate Team CCGRT and ICSI Jaipur Chapter Team for successfully conducting Three Days Residential Research Workshop on NCLT to achieve the objectives as I discussed here. This was the �irst of its kind workshop

organized by CCGRT with the ICSI Jaipur Chapter under the CCGRT आप के �ार Initiative. The main objective of this

initiative is to encourage the members to inculcate the interest in research and put to use the same in practice as well as groom the participants in appearing before the authorities.

CCGRT has also organized Residential Workshop on Effective Business Communication Skills to enhance the skills and groom the Company Secretaries in the areas of drafting and communication skills.

I sincerely appeal all members to come forward for research work at CCGRT and contribute your knowledge for the bene�its of the CS fraternity and corporate world at large.

CS Praveen SoniCentral Council Member, The ICSI &

Chairman, The ICSI-CCGRT

It is the human mind which always think about the probable reactions before performing any actions and drives you towards apparent negative reaction from the particular action which is yet to be performed. This creates what is called as fear. This restricts one-self to perform actions. One must attempt to creatively destruct the boundaries of negative thinking in mind and perform the desire-less Karma or Nishkaam Karma.

Ignoring or running away from the performance of action will not relieve you from facing the reactions from actions. When we look back to our glorious history and ancient scriptures, we can see that the Action (कम�) is at the center-stage. Performance of the desire

less action is the only way to creatively conquer the mental fear and achieve excellence inthe �ield of your interest. This is the way through which one can get the freedom fromreactions arising out of the actions being performed by one self.






WORKSHOP ON EFFECTIVE BUSINESS COMMUNICATION SKILLS (July 13-14, 2019)

Art of communication can boost up regular, routine and also special functions. Experiential Learning in Business Communication certainly helps to develop a cutting edge in business.

With above intent, ICSI –CCGRT, under the leadership of the its dynamic Chairman CS Praveen Soni, launched a �irst-of-its-kind program on Effective Business Communication on 13 & 14th July at CCGRT, Belapur, Navi Mumbai. Crafted conveniently in a couple of weekends with an intermediate gap of 15 days. This gap is designed to internalise learnings into actions. The second phase is coming up on 27th & 28th July. However, it is open to the only participants who have completed phase one.

Expert Faculty from reputed Business Management School and Professional- Coach- Cum -Trainers led the participants for an experiential journey. There was a special add- on session on information technology to improve of�ice productivity.

The Hallmark of the program is that there is no lecture or PPT presentation. Purely participative learning through Cases, Games, Role Playing which stimulates mind. Prof Prajakta Duru, a Faculty from IES Business School, Bandra(W), Mumbai, Prof Chandrahans Chavan, Director of Jamnalal Bajaj Business School & Mr. Aadeshveer Kanchwala, a media professional and a life skills trainer cum coach were the Guides.

Though there was a blend of experienced and youth in composition of sixteen participants, but majority were at middle level CS Members in employment.

Prof Leena Jha, a Faculty of Shailesh J Mehta B School of IIT –Bombay will lead the participants for an interactive session on Professional Business Communication focusing on cross cultural dimension. She is not only a reputed expert in the �ield but also an Author of Books on the subject. Mr. Salil Bhanushali and his team will facilitate the participants for an assessment of their individual level performance based on video based clippings. The focus is on holistic approach of Business Communication and Presentation with the natural use of formal Language or PPT but also Body language and other non-verbal communication mode.






(CS PRAVEEN SONI, CENTRAL COUNCIL MEMBER, THE ICSI MEETING WITH SHRI JAYANT TARI, COMMISSIONER OF LABOUR & EMPLOYMENT, PANAJI, GOA

ACCOMPANIED BY CS DIVYA VERNEKAR, CHAIRPERSON GOA CHAPTER OF ICSI)






CS PRAVEEN SONI, CENTRAL COUNCIL MEMBER, THE ICSI MEETING WITH Mr. ABHILASH MISHRA, CEO OF NSE ACADEMY LIMITED (NSEAL)






CS PRAVEEN SONI, CENTRAL COUNCIL MEMBER, THE ICSI ATTENDING ICGN ANNUAL CONFERENCE WITH CS ASHOK KUMAR DIXIT,

OFFICIATING SECRETARY, THE ICSI

CS PRAVEEN SONI, CENTRAL COUNCIL MEMBER, THE ICSI MEETING WITH MR. YASUYUKI KONUMA, DIRECTOR, TOKYO STOCK EXCHANGE AT TOKYO WITH

CS ASHOK KUMAR DIXIT, OFFICIATING SECRETARY, THE ICSI






CS PRAVEEN SONI, CENTRAL COUNCIL MEMBER, THE ICSI MEETING WITH SHRI SANJAY KUMAR VERMA, INDIAN AMBASSADOR TO JAPAN AT TOKYO WITH

CS ASHOK KUMAR DIXIT, OFFICIATING SECRETARY, THE ICSI

सशासनम ुInvites articles on

नारी श�� --- article related to broad issues of women empowerment preferably from women CS Members.

Email Id : [email protected]






GLIMPSES OF ICSI-CCGRT & JAIPUR 3 DAYS RESIDENTIAL WORKSHOP ON NCLT UNDER CCGRT आपके �ार INITIATIVE






CCGRT in its continuous endeavour to provide best of the training and research platforms to all the stakeholders has come out with new and unique initiative called CCGRT आप के �ार wherein CCGRT provides complete academic assistance to host chapter or regional of�ice to conduct research based workshop in the areas of IBC and NCLT.

The �irst of its kind research workshop was held at Jaipur with the ICSI-Jaipur Chapter under the CCGRT आप के �ार Initiative on July 19-21, 2019 at Hotel Zone Palace by The Park. The participants were grilled and groomed during the programme by applying unique thought-process and futuristic approach.

Mr. Sanjay Singh Rajawat, Director and CEO of Wonder Home Finance Limited remained present as the Chief Guest during the inaugural of this workshop.

CS Praveen Soni, Chairman-CCGRT and Central Council Member, the ICSI and CS Rahul Sharma, Chairman Jaipur Chapter have made tireless efforts to make this workshop a grand success.

Renowned Senior NCLT Practitioners like CS Deepak Kumar Khaitan, CS Siddhartha Murarka, CS Nesar Ahmad, CS Amol Vyas, CS Sandeep Taneja, etc remained present and shared their knowledge and expertise in the �ield of NCLT and IBC. CS Amol Vyas and CS Sandeep Taneja acted as a judge during the mock trial on the last day of the Workshop. CS (Dr.) Shyam Agarwal, Past President, the ICSI remained present as the Chief Guest at the valedictory session of this workshop.

The participation of delegates was across the country. They were divided into teams to act as petitioner and respondents and allotted case studies to make research thereon. Participants were motivated to work hard and given the experience of working till midnight in team.

3 DAYS RESIDENTIAL RESEARCH WORKSHOP ON NCLT WITH THE ICSI-JAIPUR CHAPTER AT JAIPUR UNDER CCGRT आप के �ार INITIATIVE






During the last day, all the teams presented their case studies either as petitioner or as respondent before the learned judges during the mock-trial. During the valedictory session, CS Praveen Soni, CS Rahul Sharma and CS (Dr.) Shyam Agarwar presented the Best Group Presentation Certi�icate, Best Pleader and Best Pleader – Runner ups Certi�icates and Participations certi�icates to the delegates.

Participants were completely rejuvenated and were feeling more con�ident in the area of representation before the NCLT after the completion of this unique workshop.

*** The last date for submission of tender has been extended till 16th August, 2019

*** िनिवदा सादर कर�याची अितम तारीख 16 ऑग�ट 2019 पय�त वाढिव�यात आली आहें






NCLAT (1)

NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHICompany Appeal (AT) (Insolvency) No. 324 of 2019

IN THE MATTER OF:Insolvency and Bankruptcy

Board of India (IBBI) .... AppellantVs

Shri Rishi Prakash Vats & Ors. .... Respondents

Present:For Appellant: Present but appearance not marked.For Respondents: Mr. Apoorv Sarvaria with Mr. Manas Shukla,

Advocates for Respondent No.1.

O R D E R11.07.2019 This Appeal has been preferred by the Insolvency and Bankruptcy Board of India (hereinafter

threferred to as the 'IBBI') against order dated 5 February, 2019 passed by the Adjudicating Authority (NationalCompany Law Tribunal), New Delhi Bench quashing the disciplinary proceedings initiated by IBBI.

2. The only question arises for consideration in this Appeal is whether the Adjudicating Authority/ National Company Law Tribunal has jurisdiction to quash the disciplinary proceedings once initiated by the IBBI.

3. On hearing the IBBI, we are of the view that once a disciplinary proceeding is initiated by the IBBI on the basis of evidence on record, it is for the Disciplinary Authority, i.e., IBBI to close the proceeding or pass appropriate orders in accordance with law. Such power having been vested with IBBI and in absence of any power with the Adjudicating Authority/ (National Company Law Tribunal), the Adjudicating Authority cannot quash the proceeding, even if proceeding is initiated at the instance and recommendation made by the Adjudicating Authority/ National Company Law Tribunal.

4. In the present case, we �ind that 'Corporate Insolvency Resolution Process' was initiated against Rana st

Global Limited ('Corporate Debtor'), in which Mr. Rishi Prakash Vats (1 Respondent) was appointed as a 'Resolution Professional'. For certain reason, 'Corporate Insolvency Resolution Process' was delayed and the

thAdjudicating Authority (National Company Law Tribunal), New Delhi Bench passed order dated 26 April, 2018, which reads as follows: -

th “The matter had been listed on 25 April, 2018 for report of the RP. The petition �iled by the PNB had

rd been admitted vide an order dated 23 March, 2018. The IRP has taken no steps till date merely because of a typographical error in his name as Shri Rishi Prakash Vats has been typed out as Shri Rishi Kumar Vats. However, it is not denied that address namely, Suit no.1, 19, Park Area, Karol Bagh, New Delhi-110005 or his Registration Number IBBI/IPA-002/IPN00248/2017- 18/10733, Email ID: rpvats@vgclaw�irm.com were correct. It is also inexplicable as to why the Financial Creditor has considered it �it now at this stage after more than a month to seek correction. Such a lackadaisical attitude in such proceedings is inexplicable. It would be necessary and expedient to bring it to the notice of the IBBI for an appropriate action.”

5. As the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench observed lackadaisical attitude in such proceedings is inexplicable and the matter be brought to the notice of the IBBI for an

stappropriate action, pursuant to the aforesaid direction, a disciplinary proceeding was initiated against 1

JUDGEMENTS






Respondent.st

6. Subsequently, the 1 Respondent Mr. Rishi Prakash Vats �iled certain explanation before the Adjudicating Authority, showing the reasons for delay for execution of the 'Corporate Insolvency Resolution Process'. Since, the proper explanation was given by the 'Resolution Professional', the Adjudicating Authority

thexpunged the earlier observation made on 26 April, 2018 and IBBI was informed. As IBBI continued

thproceeding Adjudicating Authority passed impugned order on 5 February, 2019 and the disciplinary proceedings have been quashed. We have already noticed that once a disciplinary proceeding is initiated, the �inal order is required to be passed by the IBBI. Expunge of the earlier order made by the Adjudicating

thAuthority on 26 April, 2018 may be a good ground to close the proceeding, but the Adjudicating Authority/ National Company Law Tribunal cannot quash the proceeding initiated by the IBBI.

th7. For the reasons aforesaid, we set aside the last portion of the impugned order dated 5 February, 2019 relating to quashing of all disciplinary proceedings. The matter is remitted to the IBBI to pass appropriate order taking into consideration the reference of initiation of proceeding by the Adjudicating Authority as

thmade on 26 April, 2018 and later acceptance of explanation. The 'Resolution Professional' has already been expunged and it is expected that an order of closure will be passed at an early date. The Appeal stands disposed of. No cost.

(2)NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI

Company Appeal (AT) (Insolvency)No. 603 of 2019 IN THE MATTER OF:

Vandana Garg ….. AppellantVs.

Reliance Capital Ltd. & Anr. …… Respondents

Present: For Appellant: Mr. Darpan Wadhwa, Senior Advocate, Ms. Isha J.Kumar,Ms. Shraddha Chaudhuri, Advocates For Respondents: Mr. M.L. Lahoty, Mr. Anchit, Advocates

ORDER

02.07.2019 - The Appellant ('Resolution Professional') of GVR Infra Projects Limited on the instructions, the 'Committee of Creditors' moved an application before the Adjudicating Authority, (National Company Law Tribunal) (in short 'NCLT'), Division Bench, Chennai for exclusion of 35 days of delay in appointing the 'Resolution Professional' in place of the 'Interim Resolution Professional' and the period during which different applications were pending. Prayer was rejected by impugned order dated 30th April, 2019 giving rise to the present case. Learned counsel appearing on behalf of the Appellant submitted that no 'Resolution Professional' function for 35 days after removal of 'Interim Resolution Professional' which resulted delay in proceeding and calling for application from the 'Resolution Applicant'. It is further submitted that if the period is not excluded in the absence of any viable or feasible, the Adjudicating Authority may have to pass order of liquidation. Notice was issued on Respondent - 'Reliance Capital Ltd.' and another. Inspite of service, nobody appeared.

In the present case, as the 'Corporate Insolvency Resolution Process' could not proceed in the absence of 'Resolution Professional' for 35 days the case of Appellant being covered by decision of this Appellate Tribunal in “Quinn Logistics India Pvt. Ltd.”, we allow the prayer as made in this appeal and exclude the period of 35 days for the purpose of counting 180 days or 270 days of 'Resolution Process'. We also exclude the period of pendency of 18 days during which the application remained pending before the Adjudicating Authority. Thereby, we exclude the total period of 53 days for the purpose of counting 180 days or 270 days. Part of the impugned order dated 30th April, 2019 passed by the Adjudicating Authority is set aside to the extent above. The rest part of the impugned order is af�irmed. The appeal is disposed of with aforesaid observation and directions.






• Study on Impact of IBC Code on MSME Sector Ministry of Corporate Affairs (MCA) is inviting research proposals to carry out a study to “assess the likely impact of the IBC Code on the MSME Sector” under the “Funding Research and Studies, workshops and Conferences etc.” a component part of a Central Sector Plan Scheme, titled Corporate Data Management”. Interested experts/institutions may furnish their research proposal on the above subject as soon as possible to Ministry of Corporate Affairs, R & A Division, 8th Floor, ‘B’ Wing, Lok Nayak Bhawan, Khan Market, New Delhi-110003, email: [email protected]; contact no. 011- 24698973.

(i) The details of Guidelines for funding research and studies, workshops and conferences etc. under the plan scheme” Corporate Data Management” on the MCA’s website (www.mca.gov.in) at Annexure I of http://www.mca.gov.in/Ministry/pdf/GuidelinesMCA_�inal_12022018.pdf. (ii) This notice can also be seen at Notice and Circulars section on the MCA’s website at the following link -http://www.mca.gov.in/Ministry/pdf/CDMNoticeGuidelines_10042018.pdf (ii) Research proposals may be sent at [email protected]

• Form BEN-2 is likely to be revised on MCA21 Company Forms Download page w.e.f. 17th July, 2019. Stakeholders are advised to check the latest version before �iling.

• The Tagging of non-compliant Companies/Directors for not �iling eForm Active(INC-22A) is complete. The form (ACTIVE) has since been made available for �iling purposes. The form can be �iled with a fee of INR 10000. Stakeholders may kindly download the latest version for �iling purposes.

• Form Addendum to FiLLiP is likely to be revised on MCA21 LLP Forms Download page w.e.f 26th July, 2019. Stakeholders are advised to check the latest version before �iling.

UPDATES FROM SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

• Market Regulator (SEBI) has issued circular “SEBI/HO/CFD/CMD1/CIR/P/2019/78” dated July 16, 2019 for Modi�ication of circular dated September 24, 2015 on ‘Format for compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities’

Please refer complete circular at –

https://www.sebi.gov.in/legal/circulars/jul-2019/circular-on-modi�ication-of-circular-dated- september-24-2015-on-format-for-compliance-report-on-corporate-governance-to-be-submitted-to- stock-exchange-s-by-listed-entities-_43582.html

• Modi�ication of circular dated July 18, 2017 on ‘Disclosure of divergence in the asset classi�ication and provisioning by banks’ (Circular Dated July 17, 2019)


https://www.sebi.gov.in/legal/circulars/jul-2019/disclosure-of-divergence-in-the-asset classi�ication-and-provisioning-by-banks_43594.html

• Procedure and formats for limited review / audit report of the listed entity and those entities whose

UPDATES FROM MINISTRY OF CORPORATE AFFAIRS (MCA)






accounts are to be consolidated with the listed entity (Circular Dated July 19, 2019)


https://www.sebi.gov.in/legal/circulars/jul-2019/procedure-and-formats-for-limited-review-audit- report-of-the-listed-entity-and-those-entities-whose-accounts-are-to-be-consolidated-with-the- listed-entity_43616.html

• Standardizing Reporting of violations related to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 (Circular Dated July 19, 2019)


https://www.sebi.gov.in/legal/circulars/jul-2019/standardizing-reporting-of-violations-related-to- code-of-conduct-under-sebi-prohibition-of-insider-trading-regulations-2015_43618.html

UPDATES FROM RESERVE BANK OF INDIA (RBI)

• The “India Post Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Noti�ication DBR.NBD.(PB-IPPB).No.9980/16.13.215/2018-19 dated May 27, 2019 and published in the Gazette of India (Part III - Section 4) dated June 22- June 28, 2019.

• Master Circular – Facility for Exchange of Notes and Coins dated July 01, 2019


https://rbidocs.rbi.org.in/rdocs/noti�ication/PDFs/2MC01072019EE11BCD193FE475590F5209F0B 3059C2.PDF

UPDATES FROM INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI)

• The Insolvency and Bankruptcy Code (Amendment) Bill, 2019 has been introduced in Rajya Sabha

The read the same, log on to - https://ibbi.gov.in/uploads/whatsnew/bill

• The IBBI amends (i) the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016.

These amendment regulations are effective from 23rd July, 2019. These are available at www.mca.gov.in and www.ibbi.gov.in.






Reports of the programs organized by ICSI Centre of Excellence, Hyderabad during the month of June and July, 2019:

A) Report on 2 Days Induction Program for CS Executive Pass Students held on 24-25th June, 2019 at ICSI CoE: ICSI Centre of Excellence, Hyderabad has organized its 3rd Batch of 2 Days Induction Program for CS Executive Pass Students on 24th and 25th June, 2019 at ICSI CoE. The Program was inaugurated by Shri CS Datla Hanumantha Raju, Past President, the ICSI. The program was successfully attended by 12 participants and six faculties were addressed the participants during the program. Certi�icates to the participants were issued by the hands of Shri CS Ramakrishna Gupta, Immediate Past Chairman, ICSI SIRC on 25th June, 2019.

Few Snaps of the program was placed as Google link: https://photos.app.goo.gl/WhSJNWunZ9Ku8ZoJ7

B) Report on 3 Days E-Governance Program for CS Executive Pass Students held on 26th June to 28th June, 2019 at ICSI CoE: ICSI Centre of Excellence, Hyderabad has organized its 3rd Batch of 3 Days E Governance Program for CS Executive Pass Students from 26th June 28th June, 2019 at ICSI CoE. The Program was successfully attended by 12 participants and seven faculties were addressed the participants during the program. Certi�icates to the participants was issued by the hands of CS Namita V [Ms], Practicing Company Secretary and Senior Faculty of Hyderabad. Few Snaps of the program was placed as Google link: https://photos.app.goo.gl/zUBeMrHsPNX5ccgV6

C) Report on 5 Days Skill Development Program for CS Executive Pass Students held on 29th June to 3rd July, 2019 at ICSI CoE: ICSI Centre of Excellence, Hyderabad has organized its 3rd Batch of 5 Days Skill Development Program for CS Executive Pass Students from 29th June to 3rd July, 2019 at ICSI CoE. The Program was successfully attended by 11 participants and ten faculties were addressed the participants during the program. Certi�icates to the participants were issued by the hands of Shri CS Mahadev Tirunagari, Past Chairman of the Hyderabad Chapter. Few Snaps of the program was placed as Google link - https://photos.app.goo.gl/V5xf9x2pC2AScgvd7

D) Report on Celebrations of ‘Vanmahotsav Divs’ on 1st July, 2019 at ICSI CoE: ICSI has Earmark the JULY month as Student Month by organizing various programs during the month on Pan India basis by the ICSI Of�ices and on the occasion ICSI Centre of Excellence, Hyderabad has celebrated ‘Vanmahotsav Divas’ on 1st July, 2019 at Centre of Excellence Campus by sapling Trees / Plants in the Campus by CS Members and students.

ACTIVITIES AT CoE, HYDERABAD






Shri Datla Hanumanta Raju, Past President, the ICSI has inaugurated the Student Month Celebrations on Vanmahotsav Divas by Sapling the plants in the campus along with other member’s students. The program was attended by Shri R Ramakrishna Gupta, Immediate Past Chairman, Hyderabad Chapter, Shri CS Sandee and students in the morning session followed by sapling session on the evening of the day by Shri CS R Venkata Ramana, Treasurer, SIRC, Shri S Radhakrishna, Chairman, Hyderabad Chapter, Shri P Navjyoth, Secretary, Hyderabad Chapter and other members, students and employees of the ICSI. Around 30 Members and students were participated the program. Few Snaps of the program was placed as Google link – https://photos.app.goo.gl/txsXxRVTE5Wj2d2W7 E) Report on Celebration of GST Day on 1st July, 2019 at ICSI CoE: ICSI Centre of Excellence, Hyderabad and Hyderabad Chapter jointly celebrated the GST Day by organizing program for CS Members and Students “Talk on Overview of GST and Role – out of New GST Return Forms and GST Annual Returns’ by Shri CA Abhinav Srivastava and Shri CA Sumeet Partners, BDO India, Hyderabad. Shri P Navjyoth, Secretary of the Hyderabad Chapter welcomed the speakers on the dais and Shri CS S Radhakrishna, Chairman, Hyderabad Chapter has addressed the participants and given the opening remarks and emphasised the importance of the GST Day Celebrations. Speakers addressed the participants on the topic and made power point presentation on Overview of GST, Role – out of New GST Return Forms and GST Annual Returns’ and cleared the doubts raised by the participants. The program was attended by around 45 members and students. Shri CS Vavjyoth, Secretary of the Hyderabad Chapter proposed a Vote of thanks.

Few Snaps of the program was placed as Google link - https://photos.app.goo.gl/UCp4qz5mcCSgMykV6 F) Report on Quiz Program for CS Students on ‘Company Law’ held on 4th July, 2019 at ICSI CoE: ICSI has Earmark the JULY month as Student Month by organizing various programs during the month on Pan India basis by the ICSI Of�ices and on the occasion ICSI Centre of Excellence, Hyderabad has organized Quiz Program for CS Students on ‘Company Law’ and CS V Namita, Practising Company Secretary coordinated and organized the Quiz Competition in three stages by making the participants in 5 teams. Shri CS DVM Gopal, Practising Company Secretary acted as Judge for the Quiz Program and announced Team consisting of Ms. Ayushi Jain and Mr. Lakshit as Winners and Team consisting of Mr. Mallikarjuna Rao and Mr. Manoj Kumar as Runners. Prizes were given the Winners and Runners. Vote of thanks was proposed by V S Sarma, Assistant Director, ICSI CoE.

Few Snaps of the program was placed as Google link – https://photos.app.goo.gl/Z2JB6BKoDpzZrVeeA G) Report on 5 Days Enterpreneurship Development Program for CS Executive Pass Students held on 4th July to 8th July, 2019 at ICSI CoE: ICSI Centre of Excellence, Hyderabad has organized its 2nd Batch of 5 Days Enterpreneurship Development Program for CS Executive Pass Students from 4th July to 8th July, 2019 at ICSI CoE. The Program was successfully attended by 14 participants and ten faculties were addressed the






participants during the program. Certi�icates to the participants were issued by the hands of Shri CS Vasudeva Rao Devaki, Past Chairman of the Hyderabad Chapter. Few Snaps of the program was placed as Google link : https://photos.app.goo.gl/FL49YM1pNoDw5Vhc8 H) Report on Inaugural Session of First batch of Full Day Class Room Teaching for CS Executive Students on New Syllabus held on 19th July, 2019 at ICSI CoE: ICSI Centre of Excellence, Hyderabad has commenced its First Batch of ‘Full Day Class Room Teaching’ for CS Executive New Syllabus Both Modules from 19th July, 2019. The Inaugural Session was graced by Prof. R Nageswara Rao, Dean, Department of MBA, Osmania University, Hyderabad as Special Guest and inaugurated the CRT Sessions by lighting the lamp along with Faculty Members M/s. CS A V Syamala [Ms]; CS CMA [Dr]. R Chandra Sekhar; CS Namita V and CS CA Amith Kumar Gupta. Inaugural Session was attended by 21 students. Special Guet Prof. Nageswara Rao addressed the students and congratulated the students for choosing such a great profession. He shared his rich experience in the career and how he passed many obstacles during the student days and achieved many degrees to reach the stage. Shri Nageswara Rao, Special Guest informed the students that they are fortunate to having started their �irst professional class in a immense premises having facilities like NRI brand and encouraged the students to make use of it and build great path for their Professional Career. Faculties attended the Inaugural Session was also addressed the participants and congratulated the students for choosing the class room teaching sessions in CoE. Dr. R Chandra Sekhar, Faculty proposed a Vote of Thanks to the Inaugural Session.

Few Snaps of the program was placed as Google link – https://photos.app.goo.gl/iDGAg59Ft5JKmRoAA I) Report on Special Class for CS Students on ‘Role of Director in a Company ’ held on 19th July, 2019 at ICSI CoE: ICSI has Earmark the JULY month as Student Month by organizing various programs during the month on Pan India basis by the ICSI Of�ices and on the occasion, ICSI Centre of Excellence, Hyderabad has organized Special Class for CS Students on ‘Communication and Soft Skills’ on 5th July, 2019. Prof. Jawajharlal Nehru, Psychologist, Corporate Trainer, Advocate, Senior Faculty and Motivational Speaker took the session and had a very interactive session on the Communication and Soft Skills by showing the various diagram examples and few video clippings. All the participants actively participated in the interactive sessions and bene�ited with the special communication therapy given by the speaker. Vote of thanks was proposed by V S Sarma, Assistant Director, ICSI CoE. Few Snaps of the program was placed as Google link - https://photos.app.goo.gl/w3c4KGfELPEEsTcd8






As a part of new initiative, to make accessible the expertise, quality and Brand ICSI-CCGRT to all chapters/ region of ICSI and for the development and growth of the members of the ICSI and capacity building of the profession, CCGRT has started this unique campaign “CCGRT AAPKE DWAR”, by this any chapter on PAN India basis can request CCGRT of�ice to hold workshop / programme jointly with CCGRT at their own venue as per mutually agreed terms.

The Chairman of the respective Chapters/ Region can apply with full authority from the respective region/ chapter describing the areas of interest of your chapters like –• Specialized Capacity Building/ Training Programme for Members and Students/ Directors/Woman Directors/ Independent Directors etc.• CCGRT will not charge for sharing its brand/ skill set / expertise with any chapter / region and shall also not participate in any pro�it/ loss from the workshop.• CCGRT will help in popularizing the training/programme through proper marketing of the same.• Customized Background Material Development for Theme Based Programmes.• Request to be made at least 40-45 days in advance along with 2-3 alternative dates for proposed training/programme• Request shall bear the suggested alternative topics to be chosen• CCGRT shall help in �inalizing Workshop Theme, Venue and Faculty etc.

For more details, contact CS Ketan K Bhalgamiya, Assistant Director on 022-41021515 or on [email protected] M: 9825551687

Pre-requisite for Conduct of Workshop under CCGRT आप के �ार Initiative

• Budget for the workshop will be prepared by concerned Chapter/Regional Of�ice and include the travel, food, stay and other ancillary cost of 01 Program Coordinator, 01 Chief Mentor (03 Night Cost)• Stay and Food for 01 CCGRT Of�icer and Chairman – CCGRT or his representative (03 Night Cost)• CCGRT will neither participate in pro�it nor in loss• Concerned Chapter/Regional Of�ice will provide complete administrative support w.r.t. to this workshop• Court Room Structure/set up will be prepared by concerned Chapter/Regional Of�ice and will cover the cost of the same in budget• CCGRT will provide Bulk Email and Bulk SMS, Academic and other Admin Support for the workshop (Max. 04 Bulk Email and 02 Bulk SMS)• The workshop will be compulsorily residential irrespective whether the participants is from the same city or not• While �inalizing the venue, it is to be ensured that there must be running tea and coffee during the day and night as the participants are required to work till late night• Flyer and Backdrop will be designed by CCGRT and concerned Chapter/Region jointly

Mr. Sudipto Pal CS Praveen SoniHOD & Joint Secretary Central Council Member &ICSI-CCGRT Chairman ICSI-CCGRT

“CCGRT आप के �ार”






1. Article on subject of interest to the profession of Company Secretaries in the Journal. 2. The article should be original contribution of the author. 3. The article must be an exclusive contribution for the सशासनम . ु ्4. The article must not have been published elsewhere, and must have been or must not be sent elsewhere for publication, in the same or substantially the same form. 5. The article should ordinarily have 2500 to 4000 words. A longer article may be considered if the subject to warrants. 6. The article must carry the name(s) of the author(s) on the title page only and nowhere else. 7. The articles go through blind review and are assessed on the parameters such as; (a) relevance and usefulness of the article (from the point of view of the company secretaries), (b) Organization of the article (structuring, sequencing, construction, �low, etc.), (c) depth of the discussion, (d) persuasive strength of the article (idea/argument/articulation), (e) does the article say something new and is it thought provoking, and (f) adequacy of reference, source acknowledgment and bibliography, etc. 8. The copyright of the article, if published in the सशासनम shall vest with the Institute. ु ्9. The Institute/the Editor of the सशासनम has the sole discretion to accept/reject an article for ु ् publication in the सशासनम or to publish it with modi�ication and editing, as it considers ु ् appropriate. 10. The article shall be accompanied by a summary in 150 words and mail to [email protected] 11. The article shall be accompanied by a 'Declaration-cum-undertaking' from the author(s) as under:

CCGRT INVITES ARTICLES

GUIDELINES FOR AUTHORS

1. I, Shri/Ms./Dr./Professor_________ declare that I have read and understood the Guidelines for Authors. 2. I af�irm that: (a) The article titled “___”is my original contribution and no portion of it has been adopted from any other source; (b) This article is an exclusive contribution for सशासनम and has not been / nor would be sent ु ् elsewhere for publication; and (c) The copyright in respect of this article, if published in सशासनम shall vest with the Institute. ु ् (d) The views expressed in this article are not necessarily those of the Institute or the Editor of the सशासनम . ु ्

'DECLARATION-CUM-UNDERTAKING'

DISCLAIMER

“सशासनम” will be published in the �irst week of every month. Non – receipt of any issue should be noti�ied within that month. Articles on ु ्

subject of interest to Company Secretaries are welcome. Views expressed by contributors are their own and the Institute does not hold/

accept any responsibility. The Institute is not in any way responsible for the result of any action taken on the basis of the advertisement

published (if any) in the journal. All rights reserved. No part of the Article/Paper/ Write ups may be reproduced or copied in any form

by any means without the written permission of the Institute. The write ups of this issue are also available on the website of the

Institute.

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