Web Release dated 1st March, 2010

Appointment of Outsourced CSoC Manager

CS Students’ Online Club, on the basis of Expression Of Interest (EOI) dated 10th February, 2010 called for acting as Outsourced CSoC Manager (OCM), has appointed Cochin based ‘SVJS KNOWLEDGE LAB PRIVATE LIMITED’, as CSoC Outsourced Manager w.e.f 1st March, 2010.

According to a web release today, the Club Executive announced that “We have appointed SVJS Knowledge Lab Private Limited as our Content Managers. The formalities for the same are in the finishing touch, and they are taking charge w.e.f 1st March, 2010. Few other companies also have shown interest to act as CSoC Managers. On the basis of our EOI terms, technical, web and infrastructure criteria the Cochin based SVJS Knowledge Lab Private Limited was selected.”

Taking on the occasion CS. Bilu Balakrishnan, Founder & Chief Strategist of CSoC informed that “We hope this engagement will boost the growth of the CS Students’ Online Club both in terms of Content Quality and Member Services; and we look forward positively.” CIER, the promoter Group of CSoC will soon engage a Web Advisor for all its projects. The web advisor we are looking for will have international exposure in blogging and portal management” – he added.

NEW TRAINING STRUCTURE

The Council of the Institute has approved new training structure for the students of the Company Secretaries course enrolled on or after 1st September, 2009.

The New Training Structure includes conducting 7 days Student Induction Programme (SIP), 8 days Executive Development Programme (EDP), 25 hours’ compulsory attendance of Professional Development Programmes (PDP), Management Skills Orientation Programme and other requirements during training period while maintaining the existing duration of training, as under:

I. Duration of training:

The existing period of training of 15 Months will be continued and students are free to undergo training wholly or partly with a Company Secretary in Practice or a Company registered for imparting training.

Further, the existing 15 days training in a specialized agency such as the Office of the Registrar of Companies, stock exchange, financial or banking institution or management consultancy firm for another fifteen days, after passing Professional Programme (Final) exams is continued.

II. Training Programmes:

The three programmes at different stages of the course would be conducted as under:

a). Student Induction Programme (SIP) – Duration – 7 days, to be completed by the students within 6 months of registration to the Executive Programme (Intermediate Exams ) covering the following areas:-

1. English Speaking Skills.
2. Personality Development and Life Skills – Basic Concepts.
3. Introduction to Course Contents, Electives and Opportunities both in practice and employment.
4. Communication Skills, Writing ability-drafting etc.
5. Usefulness of Reading Newspaper
6. SWOT Analysis
7. Computer Literacy (Basics)
8. Know your Institute

b). Executive Development Programme (EDP) – Duration 8 days, after passing the Executive Programme (Intermediate Exams) covering the following areas:-

1. Personality Development – and Life Skills – Advanced Concepts (Interpersonal Skills, Decision Making Skills, Team Spirit, Negotiating Skills)
2. Computer Literacy and Training (Advance)
3. General awareness of Indian/Global economy, business conditions, Regulatory Insight, Capital Markets, and opportunities
4. Organisation Structure, Role of ROC/CLB/SEBI/SAT /Stock Exchanges/RBI/CCI/ TRAI/NCLT/NCLAT
5. Drafting of Minutes, Notices, Resolutions, Advance business tools such as internet browsing, video conferencing etc.
6. Etiquettes, Inter personal skills, Communication skills, Office culture;
7. Significance of training and Code of conduct applicable during training period
8. Interview Techniques & How to face interviews.

c). Management Skills Orientation Programme (MSOP) – Duration 15 days after passing Professional Programme (Final Exams) covering:-

CORE TOPICS

1. Leadership skills, Innovation, latest trends in management thoughts.
2. Business strategy, Corporate restructuring through Mergers & Amalgamations, Take Over, Valuation, Competition Law, Consumer Protection.
3. Cross border transactions, global business scenario.
4. Major tax laws, Double Taxation Treaty Agreements, Service Tax.
5. Corporate Governance, Business Ethics, Sustainability.
6. Meetings, Secretarial Standards, Important provisions of Company Law.
7. Capital Market related topics, Regulatory insight, Exchange related issues.
8. Projects covering diverse areas including corporate laws.
9. Intellectual Property Rights
10. Arbitration, Conciliation, Alternate Dispute Redressal Mechanism
11. Corporate Compliance Management
12. Areas of Practice –Existing & Emerging
13. Understanding Financial Statements
14. Art of Advocacy, Court craft, Pleadings
15. Board Room behaviour, Drafting of Chairmen’s Speech, Directors’ Report
16. Networking skills and business behaviour
17. About ICSI and Code of Conduct
18. Any other Topic of Topical interest.

As far as practicable, the mechanism for MSOP would be through Case Studies, Story Telling, Group Discussions, Role Playing, simulation exercises and the like so as to provide a real-life practical exposure.

ELECTIVES

1. Behavioral Sciences
2. Listing Compliances, Case Studies
3. Sick Companies and solvency laws
4. NGOs /Micro financing/Cooperative Societies
5. Part IX Companies
6. Practical aspects of Criminal law
7. Inspection and Investigation, Compounding of offences under various laws Companies Act, FEMA, SEBI
8. VAT-Procedure & Practice
9. Laws relating to Intellectual Property Rights
10. Taxation – Corporate Taxation, Personal Tax Planning & Management, Filing of Returns
11. Private Equity, Venture Capital, Hedge Funds
12. International Trade & Policy
13. Banking & Insurance
14. Cyber laws
15. Stress management

III. Implementation Schedule:

Under the new training structure 7 days Student Induction Programme (SIP) & 8 days Executive Development Programme (EDP) would be implemented by Regional Councils & Chapters as under:

i) Regional Councils 1st September, 2009
ii) A-1/ A grade Chapters 1st January, 2010
iii) B grade Chapters 1st April, 2010

IV. Fee structure:

a) Student Induction Programme (SIP) Rs. 1000/-
b) Executive Development Programme (EDP) Rs. 1000/-

V. Applicability:

The new revised training structure will be applicable to the students registered on or after 1st September, 2009.

VI Attendance in 25 hours Professional Development Programme (PDP):

The students will be required to complete 25 hours of Professional Development Programme (PDP). The Regional Councils & Chapters would allow the students to attend such programmes at concessional rates.

Dear Club Members

We are glad to inform that your CS Students’ Online Club (CSoC) has recorded 1,600 Memberships today.

We thank all our visitors for making CSoC the largest CS Students Online Network.

CSoC will engage an Outsourced CSoC Manager (OCM) soon. The OCM will manage the contents of CSoC and will act as a Knowledge Partner for CSoC. An official communication and web release from the CSoC Promoters are expected by 1st March, 2010.

Regularly Visit CSoC at www.csstudentsonlineclub.com

Further please note that W.E.F 1st March, 2010 the most celebrated & useful Forum Topic “Exam Guidance, Study Guidance & Assistance” in the Club Discussion Forum will be visible / made available ONLY to CSoC Members (Members can view the forum topic after log-in).

Regards

Club Executive, CSoC

The Government hopes to get the Companies Bill 2009 passed soon to improve the corporate governance and regulation. The Government has introduced the Companies Bill, 2009 in the Parliament, which will replace the existing Companies Act, 1956. “The proposed new Bill will address issues related to regulation in corporate sector in the context of the changing business environment,” the Finance Minister said.

Later, Mr Khurshid said, “Companies Bill is reaching its final stages of consideration by the Joint Parliamentary Committee and they have been working very fast. I think in the next couple of months we will get their report. We will move immediately back with whatever amendments are required in the draft and come back to Parliament again.”

Source: Business Line

New Delhi, Feb. 26

To make the latest corporate entities called Limited Liability Partnerships (LLP) more attractive to businesses, the Government on Friday proposed to exempt the conversion of small companies into LLPs from capital gains tax.

During the presentation of the Budget 2010-11, the Finance Minister, Mr Pranab Mukherjee, said, “Last year, I had provided for the taxation of the newly introduced (LLP) on the same lines as exists for a general partnership firm. To facilitate the conversion of small companies into LLPs, I propose that this will not be subject to capital gains tax.” The Budget proposed that the transfer of assets on conversion of a company into an LLP shall not be regarded as a transfer for the purposes of capital gains tax, subject to certain riders.

These conditions include – the total sales, turnover or gross receipts in business of the company do not exceed sixty lakh rupees in any of the three preceding previous years; the shareholders of the company become partners of the LLP in the same proportion as their shareholding in the company; and no consideration other than share in profit and capital contribution in the LLP arises to partners. The LLP Act, 2008, allows conversion of a private company or an unlisted public company into a LLP. LLPs are already accorded a lenient tax regime as compared to companies as they exempted from Minimum Alternate Tax and Dividend Distribution Tax that are levied on companies.

But so far there have been only around 640 LLP registrations because small companies had to pay capital gains tax and stamp duty on conversion to LLPs.

Initially, the Finance Ministry was reportedly against any more tax breaks for LLPs and had favoured generating more awareness about the benefits of LLPs to popularise it. But the Corporate Affairs Ministry had pitched for removal of capital gains tax and stamp duty for LLPs.

The Corporate Affairs Minister, Mr Salman Khurshid, told Business Line after the Budget announcement that, “LLP was launched last year and we need to encourage more entities to join LLP as it is a very good platform. There was some hesitation about people switching from companies to LLPs, people who were using companies because there wasn’t any other platform available.”

“This (capital gains tax exemption) has given an additional incentive. It is very useful. Our attempts to promote LLPs more widely this year have got a shot in the arm,” Mr Khurshid said.

“These clarifications were long overdue. But all companies should have access to convert to LLPs and not just small companies,” said Mr Aseem Chawla, Partner, Amarchand & Mangaldas, a corporate law firm.

LLP is a hybrid form partnership firms and companies. It permits unlimited number of partners in an entity. The advantage is that the liability of the partners is limited to their agreed contribution in the LLP. This set up will allow professionals like chartered accountants and company secretaries to provide all services under one roof.

COMPANIES BILL, 2009

The Government hopes to get the Companies Bill 2009 passed soon to improve the corporate governance and regulation. The Government has introduced the Companies Bill, 2009 in the Parliament, which will replace the existing Companies Act, 1956. “The proposed new Bill will address issues related to regulation in corporate sector in the context of the changing business environment,” the Finance Minister said.

Later, Mr Khurshid said, “Companies Bill is reaching its final stages of consideration by the Joint Parliamentary Committee and they have been working very fast. I think in the next couple of months we will get their report. We will move immediately back with whatever amendments are required in the draft and come back to Parliament again.”

Source: Business Line

All about India Budget 2010 – Read Articles, New Tax Rates, FM Budget Speech, Live Videos of Budget Speech, Sector wise Changes Proposed, Service Tax Proposals, Indirect Taxation Proposals, Direct Tax Proposals, New Finance Bill etc….& more

VISIT CSoC EXCLUSIVE Indian Budget 2010 Portal at http://www.csstudentsonlineclub.com/indiabudget2010/

Income Tax rates revised: Income up to Rs 1.6 lakh – Nil Income above Rs 1.6 lakh and up to Rs 5 lakh – 10 % Income above Rs 5 lakh and up to Rs 8 lakh – 20 % Income above Rs 8 lakh – 30 % Income Tax department ready with two-page Saral-2 return forms for individual salaried [Read More...]

CS Students’ Online Club (CSoC), the 8 months old online network for CS students will tie-up with CSease, a portal for CS social networking. As per a web release CSoC will share its contents with CSease, especially those concerning qualified CS. According to the Club Executive, CSoC “we will share our contents, and we are planning to give automated membership [Read More...]

Brand Building – CS Spots on Leading Television Channels and FM Radio With a view to creating Media Visibility for the CS Course & Profession, for the first time the Institute of Company Secretaries of India (ICSI) will telecast Spots on Company Secretaries Course on leading TV/FM Radio Channels for brand building. Beginning from last week of February and continuing [Read More...]

INTRODUCTION CSoC (CS Students’ Online Club) the first ever online network devoted for budding corporate professionals was started on 18th June, 2009 by CS. Bilu Balakrishnan, a true visionary and a reformer in imparting education and knowledge for corporate professionals and students. CSoC is designed as a platform to share, discuss and update the professional knowledge of Club members. The Club [Read More...]

CSoC Mission: “To be an online guide to budding corporate professionals, to help them with knowledge resources and make them aware of latest profession related & corporate updates.” CSoC Vision: “To be a role-model among online knowledge portals, and create a brand of excellence in pure knowledge sharing with disciple and decorum, in tune with global standards”.

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CSoC Definitions:

CSoC Definition of Corporate Governance:
“Corporate Governance is the culture of managing a corporate entity, whereby compliance with law, procedures, systems, code of ethics and best practices are ensured thus adding value to shareholders and contributing to the well being of all stakeholders.”


CSoC Definition of Compliance Management:
“Compliance Management is that part of management which specializes in compliance with laws, rules, regulations, code of conduct, management polices, systems and secretarial standards in order to achieve the organization objectives legally, ethically and transparently.”

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