AREAS OF PRACTICE EXISTING AND EMERGING

AREAS OF PRACTICE EXISTING AND EMERGING

CS. AHALADA RAO.V.COMPANY SECRETARY IN PRACTICEwww.ahaladaraoassociates.com

AHALADA RAO V.&ASSOCIATES COMPANY SECRETARIES

Occupation : Company Secretary in Practice Director in B5 Consulting Pvt Ltd

Academic Qualification : Bachelor of Science (B.Sc.) Master in Financial Management.(MFM)Professional Qualification : Bachelor of Law (LLB) Master of Law (LLM) Fellow Member of ICSI, India Associate Member of Chartered Institute for Securities and Investments ,U.K.

Positions : - As Advocate (During the Year 1999 – 2001) - As Practicing Company Secretary (From the Year 2001 to till Date) - As Academician - As Faculty And Guest Professor: November 2002 on wards - As IPR Consultant - As Director In B5 Consulting (P) Ltd: from 2007 to till date. - As Chairman(2006),ICSI-Hyderabad Chapter. - As Secretary(2010-2011),AIFTP-South Zone.

profile

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AHALADA RAO V. & ASSOCIATES COMPANY SECRETARIES

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HONOURABLE POSITIONS

PAST Chairman for ICSI –Hyderabad chapter Director in C.S. MUTUALLY AIDED CO- OPERATIVE SOCIETY LIMITED Governing Council Member of AP Tax Bar Association(2004-07) Member of Andhra Pradesh Chamber of commerce sub committees, Company law,

IPR and Direct tax Committees for the year 2007

Present Member in Capital Market and IPR Sub-Committee and direct taxes sub-committee of

THE Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Member of Finance & Taxation Panel of the Confederation of Indian Industry - AP

Branch for the year 2012-13. Certified `SEBI Financials Resource Person’ Councellor of Institute of Company Secretaries of India, New Delhi

Contd.

Profile Cont…..


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ACHEIVEMENTS: Elected as the Managing committee member for the term 2004-06

of ICSI -of Hyderabad Chapter with a highest majority. Recipient of Best Participant Award in 17th Secretarial Modular

Training Program (SMTP) organized by Hyderabad Chapter. Actively Participated in majority of study Circle Meetings, Seminars

and Conferences Conducted by Hyderabad Chapter of SIRC of ICSI, New Delhi and The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI).

Contd.

Profile Cont…..


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FACULTY AND RESOURCE PERSON – EXPERIENCES

TEACHING

ADDRESSING THE UNIVERSITY STUDENTS

INVESTOR AWARENESS PROGRAMMES

LECTURES FOR FOREIGN DELEGATES

TRAINING

WORKSHOPS

TEACHING UNDERGRADUATE AND POST GRADUATE

STUDENTS

SPEAKER AT SEMINARS

RESOURCE ARTICLES

PROFILE OF CS V. AHALADA RAO Contd.


As Scrutinizer being appointed by Hon’ble Bench of the Company Law Board, Chennai to submit the scrutinizers report for the voting process at the Annual General Meeting held by

M/s Sanghi Industries Limited, Hyderabad.

Sakshi tv : Mr. V.Ahalada Rao appointed as scrutinizer by the Company Law Board for SANGHI INDUSTRIES LIMITED Hyderabad.

As a scrutinizer

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Motivational Video-murthy.wmv

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“The Dream is not what you see in sleep,Dream is which Does not let you sleep.”

- Dr APJ Abdul Kalam

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Areas of Practice and Road Map for

Future

scope of presentation

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Points to be discussed Prerequisites for a PCS Existing practices New areas for practice ICSI regulations Planning and structuring. Tips

coverage

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Experience

Training Knowledge Information Education

LADDER TO THE LEADER

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LEADERSHIP IN THE WORDS OF:

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Indian Industrialist and The Co-Founder of Infosys

-Mr. N.R. Narayana Murthy


Connectivity. Content. Community. Capacity. Culture. Cooperation. Capital.

THE 7’Cs OF PRACTICE

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Whether practice or Job If Yes for practice ,when? immediately after

membership? ,or after gaining some

experience? What are the prerequisites of a PCS?

Whether employment of PCS or partnership firm?

What are the existing areas of practice? What would be the emerging areas? Whether Generalist or Specialist?

Points to be discussed

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Base contacts Infrastructure Manpower Personality Networking Relationship Good library Soft skills(public speaking, organizational

setup ,etc.,) Social Responsibility

prerequisites

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WHETHER PCS IS A BOSS? OR A SERVANT?

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BOSS?w

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Existing practices

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COMPANIES ACT-Pre-certification of forms-Conducting Board and General Meetings-CLB matters -Oppression and

MisManagement -Compounding petitions -Chargeso FEMA -Certifications -Compliances

Pcs-corporate laws

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DIRECT TAX -Filing Returns INDIRECT TAXATION -Service Tax -VAT -Customs Act -Excise Act POLLUTION LAWS -Feasibility reports -licenses and registrations

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Pcs-corporate laws CONTD..w

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OTHER ECONOMIC LAWS

-Compliances

-Registrations LABOUR LAWS

-Compliances

-Registrations CONSUMER PROTECTION ACT

-Appearances before the tribunals IPR LAWS

-Registrations

- Appearances27

Pcs-corporate laws CONTD..

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Competition law in India is an important aspect of the legal studies that the Professionals like Company Secretaries need to master.

Company Secretaries need to be fully aware of the legal implications and need to be equipped to advice companies .

As the national boundaries disappear when it comes to trade and commerce, there is an increase in competition and more pressure on organizations to become leaner with stress on higher efficiency and achieving technological excellence.

In such corporate scenarios Company Secretaries need to balance the requirements of business by complying with the legalities.

Professionals like Company Secretaries are called upon to look into the finance and accounting, audit reports, budgeting, materials management, commercial and overall administration, besides the standard legal and secretarial functions.

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mRole of CS under Competition Law


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With the opening up of the economy and increasing competition, there are many activities such as joint collaboration, foreign collaboration, takeovers, acquisitions, mergers, information technology and associated cyber laws which are newer areas where legal and statutory provisions need to be looked into and companies are turning for advice and guidance from Company Secretaries in such aspects. Sustaining market confidence, settling of commercial disputes are new focus areas where company secretaries need to show their competence and build their expertise in.

In this regard the ICSI institute has considerable foresight in offering its expert services to the government bodies. They also guide practicing and working CS professionals in staying updated with the latest changes in the legal and statutory scene in the country; continuing education programmes are also formed to keep Company Secretaries updated in latest developments in laws, statutes, corporate governance and other focus areas.

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mRole of CS under Competition Law cont…


Role of SEBI-Financial Resource Person Investment Planning for Retirement Investment Planning for Executives Investment Planning for Home Makers Financial Planning for Young Investors Financial Education for Middle Income Group Financial Education for School Children Financial Literacy for Self Help Groups

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mAs a sebi financial education

resource person


Vetting & Drafting of Agreements. Incorporation of Body Corporates, Joint Ventures, Partnership Firms,

etc. Fund Raising procedures. Loan Documentations. Human Resources Management & Administration through Film

Chamber Of Commerce, Movie Artists Association, etc Laisoning Agent Matters related to Taxation – Income Tax, Service Tax, etc. Intellectual Property Rights & Registration. Labour Law Compliances Issues relating to Factories Act, Industrial Disputes Act, Contract

Labour Act, etc.31

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mROLE OF CS IN THE FILM INDUSTRY


Annual Certification of a Listed Company under Company Law.

Pre Certification of a company under Company Law.

Compliance Certificate of a company under Company Law.

Certificates for Banks FC-GPR under FEMA provisions. Rbi due diligence certificate Clause 47 of listing agreement. Reconciliation of Share Capital Audit under SEBI. Certificate of extinguishment of Shares(Buy

Back).

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CERTIFICATION UNDER VARIOUS LAWS


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Back up DocumentsCompliance of LawIndependent SearchRewards

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PRECAUTIONS FOR CERTIFICATIONS

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Human ResourcesCarbon Credits IFRS IPRs-

Investigation,maintenance,agreements and audits

Intangible Assets Valuationo Labor Law Compliance

Certificate/AuditsDue Diligence

Emerging areas

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AUTHORITIES


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Issue of Certificate of Practice(Reg .10) Renewal of Certificate of Practice(Reg.10) Cancellation of Certificate of Practice(Reg.11) Particulars of offices or firms(Reg165) CSP not to engage in any other business or

occupation(Reg.168) Trade or firm name require council’s

approval(Reg.169) Approval for Constitution of the

Firms(reg.170) PCS Register

ICSI REGULATIONS

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GENERAL PERMISSIONS BY THE COUNCIL

As a Director in a company. Partner in an LLP. As a professor. Life Insurance Agent. Editorship of professional journals.

ICSI REGULATIONS…CONTD

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WHAT ELSE??????

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GUESS?????

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WATCH THIS

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Rangam (2011) BRRip 720p x264 AAC-Ameet6233 (3).wmv

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Hold offices of M.P. ,M.L.A. ,etc

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Non-Executive director/promoter/subscriber to the MOA & AOA of a company engaged in the field of Secretarial services with/without substantial interest.

Non-Executive director/promoter/subscriber to the MOA & AOA of a company engaged in the field other than Secretarial services without substantial interest.


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SPECIFIC PERMISSIONS BY THE COUNCIL Editorship of non professional journals Interests in family business provided

he dos not hold substantial interest Agriculture and allied activities


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I am glad to report that your company had a successful year-there was no raid and inspection by CBI,ROC, IT, Excise, enforcement, etc.,

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DO YOU KNOW THE SECRET BEHIND IT?

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ANY GUESS???????

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That’s because the company secretary is good at keeping company’s secrets than being a company secretary

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Mastery of Theoretical Knowledge

Capacity to solve problems

Enthusiasm and Commitment to customers

Applying theoretical knowledge to practice

Ability to create knowledge as

well as possess it

Commitment to Continuous learning

Professional

Competencies

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csp – Activities Model

External Focus -Clients-Practice Development

Internal Focus -Partners & Staff-Practice Management

CSP ACTIVITIES MODEL

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Friendly environment Professional and ethical behavior Confidentiality Due respect to the fellow members Spirit of Law

CODE OF CONDUCT

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Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are.

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HOW DO YOU ACHIEVE SUCCESS?

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Watch this

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Powerful Inspirational true story...Don't give up!.wmv

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Relationship Timely delivery Alertness Updates Understanding Extending helping hand Balance Know your client

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You must do the things you think you cannot do.

-Roosevelt

TIPS FOR SUCCESSw

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PCS ROLES: As an Advisor As an Auditor As a Consultant As an Academician As a Director As an Entrepreneur As a People’s Representative

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In a nut shellw

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He who asks a question is a fool for five minutes .he who does not ask a question is a fool forever.

-Chinese proverb

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ALL THE BEST & THANK YOU

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AREAS OF PRACTICE EXISTING AND EMERGING

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Transcript of AREAS OF PRACTICE EXISTING AND EMERGING