Newsletter Cover.cdr - The Institute of Company Secretaries of India

NIRC-ICSIMonthly Volume XXXIII No. 07 July, 2013

InsightAnnual Subscription : Rs. 100/- Single Copy Rs. 10/-

National Best Regional Council (2004, 2007, 2008, 2009, 2010 & 2011)NEWSLETTER

Theme of NIRC for the year 2013 : Brand Building & Innovation

H P State Conference on the theme

Company Secretary – Partnering Corporate

Growth (8.6.2013): Inaugural Session

Seminar on Indirect Taxes – Issues &

Prospects (22.6.2013): Inaugural Session


Prospects (22.6.2013): First Technical

Session

–

Sitting from L to R CS Vineet K Chaudhary, CS

M G Jindal, Shri Maneesh Garg, IAS, (Secretary

-Finance, Language, Art and Culture & Advisor

Planning), Dr. Raj Singh (Registrar of

Companies, Punjab, Chandigarh & HP), CS

Nesar Ahmad and CS Rameshwar Sharma. CS

Ashu Gupta, CS Deepak Kukreja, CS Rajiv Bajaj,

CS Satwinder Singh, CS Kanwal Arora, CS

Sudarshan Sharma, Mr. T R Mehta and others

standing.

–

Sitting from L to R CS Vineet K Chaudhary, CS

Ashu Gupta, CS M G Jindal, Mr. Manoj K Arora

(Additional Director General of Export

Promotion, Department of Revenue, Ministry

of Finance), CS Shyam Agrawal and CS Manish

Gupta

– CS Upender Gupta (Additional

Commissioner, Central Board of Excise &

Custom) addressing. Others seated from L to

R CS Deepak Kukreja, Ms. Anjlika Chopra

(Director, Deloitte Touche Tohmatsu India

Pvt. Ltd.), CS Bimal Jain, CA Rakesh Garg and

CS Vineet K Chaudhary

2

3

1

2

3

1

42nd Foundation Day Celebrations of NIRC(25.07.2013 – 31.07.2013) (Details Inside)

From the Chairman

2 July, 2013NIRC-ICSI Newsletter

THE REGIONAL COUNCIL

Chairman

Vice-Chairman

Secretary

Treasurer

Members

Ex-officio Members

Co-opted Members

Deputy Director

CS M.G. Jindal 09814170354

CS Shyam Agrawal 09314923451

CS NPS Chawla 09958535300

CS Manish Gupta 09212221110

CS Ashu Gupta (Ms.) 09899021740

(In alphabetical CS Avtaar Singh 09899769697

order) CS Deepak Kukreja 09871315000

CS Dhananjay Shukla 09873347280

CS Punit K. Abrol 09872600007

CS Rajiv Bajaj 09811453353

CS Ranjeet Pandey 09810558049

CS Vineet K Chaudhary 09811577123

CS Atul Mittal 09810065744

CS Harish K. Vaid 09810188683

CS Nesar Ahmad 09810044367

CS Pradeep K. Mittal 09811044365

CS Sanjay Grover 09810144530

Mr. Rakesh Chandra 09811897394

Mr. Praveen Trivedi 09711196763

Mr. T.R Mehta 09818479469

EDITORIAL BOARD

Chief Editor

Editor

Publisher

CS M G Jindal

CS Dhananjay Shukla

Mr. T.R Mehta

Disclaimer: While every effort has been made and care has

been taken in preparation of this Newsletter and to ensure its

accuracy at the time of publication, NIRC of ICSI assumes no

responsibility for any errors which, despite all precautions, may

creep in. It is suggested that the readers should cross check all

the facts and the relevant law position before acting on any

matter.

© Company Secretaries of India, 2013

The Northern India Regional Council of the Institute of

Printed & Published by : T.R.Mehta for and on behalf of

Northern India Regional Council of the Institute of Company

Secretaries of India 4, Prasad Nagar Institutional Area, New

Delhi-110005; E-mail: [email protected]; Phones: 49343000;

Fax: 25722662; Printed at : Compudata Services, 42 DSIDC

Shed, Scheme-I, Phase-II, Okhla Indl. Complex, New Delhi-20;

Published at : NIRC-ICSI, 4, Prasad Nagar Instl. Area, New Delhi.

Help Desk of NIRC-ICSI

011-49343000

[email protected]

Dear Professional Colleagues,

Globalization has offered a lot of opportunities but alongside it has also thrown upon us chal lenges in terms of competence, knowledge management and delivery of quality services. We are in an era of ever changing world and going through a phase where knowledge and intellect are of utmost importance. We need to be epitome of excellence in the applicability of our diversified knowledge in order to get brand equity for our profession. We have to reorient ourselves in line with changing needs and establish ourselves as indispensable to Corporate Governance process.

In the ever changing and demanding business & corporate environment, we all have to keep pace with the changes happening around us. Keeping this in mind NIRC is organizing regular professional development programs for members and students on various topics of corporate relevance. The gist of the programs organized during the month of June, 2013 is as under:

thOn 8 June, 2013, NIRC-ICSI organized HP State Conference on the topic “Company Secretary-Partnering Corporate Growth” at Shimla. Shri Maneesh Garg, IAS, Secretary (Finance, Language Art & Culture) & Advisor Planning was the Chief Guest & Dr. Raj Singh, ROC, Punjab, Chandigarh & Himachal Pradesh was the Guest of Honour on the occasion. CS Nesar Ahmad, Immediate Past President, ICSI, CS Satwinder Singh & CS Rajiv Bajaj, Past Chairmen, NIRC-ICSI & Dr. Kulbhushan Chandel were the Guest speakers of the Conference. I wish to place on record my sincere thanks & gratitude to the Chief Guest, Guest of Honour &

What is most important is the knowledge of how to apply knowledge ...Ron Young

Professional Development Programs:

3July, 2013 NIRC-ICSI Newsletter

From the Chairman

Guest speakers of the conference for sparing theirvaluable time & sharing their words of wisdomwith the participants of the conference. I also wishto place on record my sincere thanks &appreciation to my colleagues in the RegionalCouncil & the Managing Committee of the ShimlaChapter for their support in organising theconference.

On 21st June, 2013 NIRC-ICSI organized StudyCircle Meeting at New Delhi YMCA ConferenceHall, New Delhi on the topic “EnhancingProficiency through End User Computing”. On22nd June, 2013, NIRC-ICSI organised one dayseminar on the topic “Indirect Taxes-Issues &Prospects” at Hotel Le Meridien, New Delhi. Mr.Manoj K Arora, Additional Director General ofExport Promotion, Department of Revenue,Ministry of Finance was the Chief Guest on theoccasion. CS Upender Gupta, AdditionalCommissioner, Central Board of Excise & CustomChaired the First Technical Session of the seminar.I wish to place on record my sincere thanks &gratitude to the Chief Guest, Chairman of thesession for sparing their time & sharing their wordsof wisdom with the participants of the seminar. On24th June, 2013 a Meeting of Company Secretariesin Practice on the topic “Corporate Banking-Roleof Company Secretary” at ICSI-NIRC Auditorium,New Delhi. All these programs were very wellattended by the members and found very usefulby them. I also wish to place on record my sincerethanks & gratitude to the guest speakers of all theseprograms for sparing their valuable time andsharing their words of wisdom with the delegates.Five study groups have also organized theirrespective meetings during the month of June, 2013.

During the month of June, 2013, NIRC-ICSI alsoorganized various training programs like MSOP,PDP, EDP & SIP for the students.

Forthcoming programs:

NIRC-ICSI is organising the following programsin the month of July, 2013:

On 12th July, 2013 NIRC-ICSI is organisingRegional Round of the 13th All India CompanyLaw Quiz-2013 to select the winning team whowill represent NIRC in the National Round of theQuiz to be organised by Southern India RegionalCouncil at Chennai. This year NIRC-ICSI will becelebrating 42nd Foundation Day from 25th July,2013 to 31st July, 2013. During the Foundation Daycelebrations various programs will be organisedfor members & students. On 26th July, 2013, NIRCis organising a Mega Study Circle Meeting onInbound and Outbound Investments – RecentKey Policy Changes at New Delhi YMCAAuditorium, New Delhi, On 27th July, 2013 NIIRCis organizing a seminar on the topic “CorporateRestructuring - Contentious Issues” followed byAnnual General Meeting at Hotel Le-Meridien,New Delhi. On 28th July, 2013 NIRC is organizingCultural Evening for the members & their familiesat Airforce Auditorium, New Delhi. On 29thJuly, 2013 NIRC is organising a Meeting ofCompany Secretaries in Practice-InteractiveSession with Regulators at ICSI-NIRC Building.The detailed announcement relating to theprograms scheduled for members & studentsduring the Foundation Day week is publishedelsewhere in the Newsletter for your reference. Iappeal to all of you to attend these programs inlarge number to make them grand success.

Friends, with all humility, I sincerely solicitopinion and suggestions from all of you for furtherbetterment of the activities of NIRC and upgradation of our profession to the next level.Please communicate with me at [email protected].

Thanks & Regards,

Yours sincerely,

CS M G [email protected]

5th July, 2013 Mobile : 09814170354


From the Desk of Editor

Dear ProfessionalColleagues

Anyone who stops learning isold, whether at twenty or eighty.Anyone who keeps learning staysyoung. The greatest thing in lifeis to keep your mind young.

– Henry Ford

Friends, it is vital for all of usto update ourselves in terms of frequent changeshappening around us every minute in order togenerate value for the stakeholders and also tokeep us ahead in all the situations. In the corporateworld there is no dearth of opportunities but atthe same time these opportunities are beingfollowed by the challenges. In order to gain thecompetitive edge & overcome all these challengeswe need to multiply our efforts for understandingthe changing regulatory ambience and thecontemporary development and also strugglesmilingly. Few of the latest development aresummarised below for your reference:

The Reserve Bank of India on 1st July, 2013 issueda Master Circular on Compounding ofContraventions under FEMA, 1999 prescribing forthe compounding of contraventions under FEMA,1999 is a voluntary process by which an applicantcan seek compounding of an admittedcontravention of any provision of FEMA, 1999under Section 13(1) of the FEMA, 1999. This MasterCircular consolidates the existing instructions onthe subject of "Compounding of Contraventionsunder FEMA, 1999" at one place. The ReserveBank of India on 1st July, 2013 issued various otherMaster Circulars also. For detailed text of thesecirculars you may visit www.rbi.org.in

The Reserve Bank of India vide circular No. 110dated 12th June, 2013 prescribed that in case oftransfer of equity shares/fully and mandatorilyconvertible debentures/fully and mandatorilyconvertible preference shares of an Indiancompany, from a person resident outside India(non resident) to a person resident in India

(resident) or vice versa, has to be reported to anAuthorized Dealer bank within 60 days of thetransactions. Further, the receipt of considerationfor issue of shares as well as the issue of shares ofan Indian company, to a non-resident has to bereported to the Reserve Bank of India through anAuthorized Dealer bank within 30 days of thetransaction. For detailed text of this circular youmay visit www.rbi.org.in

The Securities and Exchange Board of India videcircular dated 12th June, 2013 enhanced theForeign Investment limit in Government Debt byUSD 5 billion. The enhanced limit of USD 5 billionshall be available for investments only to thoseFIIs which are registered with SEBI under thecategories of Sovereign Wealth Funds, MultilateralAgencies, Endowment Funds, Insurance Funds,Pension Funds and Foreign Central Banks. Fordetailed text of this circular you may visitwww.sebi.gov.in

The Ministry of Corporate Affairs in order to assistthe companies to ensure that all the requisiteinformation / documents are attached by them atthe time of making application u/s 259, 268, 269,309, 310 and 314(1B) and other applicableprovisions of the Companies Act, 1956 and toensure speedy disposal of application, prepareda check list for applications made by the companyunder different section of the Companies Act,1956. For detailed text of this checklist you mayvisit www.mca.gov.in

At the end, I would like to say that no professioncan grow in isolation. It requires combined efforts.It would be pleasure for me if you also come withyour suggestions for further enriching the contentsof NIRC-ICSI Newsletter Insight.

Thanks & Regards,Yours sincerely,

CS Dhananjay [email protected]

5th July, 2013 Mobile : 09873347280


Notice of AGM & Auditor’s Report

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 32nd Annual General Meetingof the members of The Institute of Company Secretaries ofIndia (ICSI) in the Northern India region, forming part ofNorthern India Regional Council (NIRC), will be held onSaturday, the 27th day of July, 2013 at 4.00 PM at Hotel Le-Meridien (Sovereign Hall), Janpath, New Delhi, 110 001 totransact the following business(es):1. To receive, consider and adopt Audited Balance Sheet as

at 31st March, 2013, the Income and Expenditure accountfor the year ended on that date, Report of the RegionalCouncil and Auditors' thereon.

2. To appoint Statutory Auditors to hold office from theconclusion of this Annual General Meeting untilconclusion of the next Annual General Meeting and to fixtheir remuneration.By order of the Northern India Regional Council of ICSI

(CS NPS CHAWLA)Secretary

Note(s):

1. The members are requested to send their queries onfinancial accounts and/or functioning of NIRC throughemail at [email protected] or by any other mode, three daysin advance, so that answers may be made available at themeeting.

2. Members are requested to notify the changes in theiraddress(es), e-mail IDs, contact details and other particularsfor enabling NIRC to promptly disseminate informationabout activities and programs conducted by NIRC. Themembers who are already receiving the information aboutactivities of NIRC from the emails/communiqué sent byNIRC, may ignore this.

3. In order to promote the Green Initiative, the ICSI vide itsletter dated 21.10.2011 has allowed all its RegionalCouncils to send the Annual Report to the membersthrough electronic mode. Accordingly, NIRC is sendingAnnual Report for the year 2012-13 through e-mail.Members may also view/download Annual Report fromthe child portal of NIRC ICSI (www.icsi.edu/niro).Copies of the Annual Report will also be available at thevenue of the AGM i.e on 27th July, 2013.

4. Members interested to receive the printed version ofAnnual Report should send their request atleast 4 daysprior to the date of the AGM. The said printed version ofthe Annual Report shall be dispatched the very next dayafter receipt of such request.

AUDITOR REPORTWe have audited the attached Balance Sheet of the NORTHERNINDIA REGIONAL COUNCIL OF THE INSTITUTE OFCOMPANY SECRETARIES OF INDIA, New Delhi as at 31stMarch 2013 and the relative Income and Expenditure Accountfor the period ended on that date, both of which we have signedunder reference to this report. These financial statements arethe responsibility of the management of the NIRC of the ICSI.Our responsibility is to express an opinion on these financialstatements based on our audit and report that:1. We have conducted our audit in accordance with auditing

standards generally accepted in India. Those standardsrequire that we plan and perform the audit to obtainreasonable assurance about whether the financialstatements are free of material misstatement(s). An auditincludes examining, on test basis, evidence supportingthe amounts and disclosures in the financial statements.An audit also includes assessing the accounting principalsused and significant estimates made by the management,as well as evaluating the overall presentation of thefinancial statements and the report of Internal Auditor.Based on above, we believe that our audit provides areasonable basis of our opinion.

2. Further, we report that:a) We have obtained all the information and explanations,

which to the best of our knowledge and belief werenecessary for the purpose of our audit.

b) In our opinion proper books of accounts as required bylaw have been kept by the 'Regional Council' so far as itappears from our examination of books & records.

c) The Balance Sheet and the Income and ExpenditureAccount are in agreement with the books of accountspresented before us.

d) In our opinion Income and Expenditure Account andBalance Sheet comply with the accounting guidelines, asadopted by the Institute.

e) In our opinion and to the best of our information andaccording to the explanations given to us, the said BalanceSheet and the Income and Expenditure Account readtogether with the Schedule & Notes thereon give a trueand fair view.

I. In so far as it relates to the Balance Sheet of the state ofaffairs of the 'NIRC of the ICSI' as at 31st March, 2013 and

II. In so far as it relates to the Income & Expenditure account,of the surplus of the 'NIRC of the ICSI' for the year endedon that date.

for: ANTIMA & GOELChartered Accountants

Place : New Delhi (FRN No. 009062N)Date: 10.5.2013 Sd/-

(RAVI BHUSHAN GOEL)Partner

Membership No. 86862


Extract from the Annual Report of NIRC

FINANCIAL RESULTS:The working results for the year under reportare as under:

EXTRACT FROM THE ANNUAL REPORTOF THE NORTHERN INDIA REGIONAL COUNCIL

maintaining the discipline in the campusCCTV's have also been installed in the premises.The whole premises is well lit & spruced upaccording to growing stature & Image of yourNIRC. All class rooms and library are now fullyAC.

ACTIVITIES OF THE NORTHERN INDIAREGIONAL COUNCIL:Northern India Regional Council is one of thefour Regional Councils which organizesprofessional development and continuingeducation programs for members besidesconducting oral coaching classes, ManagementSkills Orientation Program, etc.

The NIRC with a view to have in-houseeducational, training and other facilities for thestudents arrange(s) oral coaching, runs refreshercourses, provide facilities of library and readingroom and organizes various training programsviz Professional Development Programs,Executive Development Programs/StudentInduction Programs, etc.The NIRC with a view to build the professionalcapacity of the members continued to organisevarious professional development programslike Seminars, Workshops, Talks, Study CircleMeetings, Meetings of Practising CompanySecretaries and also other social programs suchas family get together and new year evecelebration, etc.

The NIRC organised National PCS Conferenceat Srinagar, recoined the name of NIRC-ICSINewsletter to “INSIGHT” and ISO 9001:2008Certificate was granted to NIRC during the yearunder review.

The total expenditure in the year under reviewhas been increased vis-à-vis the expenditure inprevious years which is mainly on account ofincrease in expenses on the students activities,members programs and administrativeexpenses like electricity and maintenance, theshare of which in earlier years was borne by theInstitute-HQ.FUTURE OUTLOOK OF THE COUNCIL:Your Regional Council is committed to providethe best of its services to students and members.The surplus generated through the activities ofthe NIRC will be ploughed back in the CapacityBuilding & Brand Building measures to be takenup for the members and students. The NIRC willalso invest its surplus into the development ofInfrastructure and other facilities at RegionalOffice and its Chapters.

RENOVATION OF NIRC BUILDINGDuring the year under report the renovationwork of NIRC Building has almost completed.Now the renovated premises gives NIRC theimage of a Corporate House and also thestudents cherish while studying in the newlyrenovated class rooms & reading room. For

(Amount in Rs.)

Particulars 2012-13 2011-2012Total Income 43,273,009 40,890,979Total Expenditure 30,451,238 23,597,845Excess of Income over 12,821,771 17,293,134Expenditure

THE ANNUAL REPORT IS AVAILABLE ON THE CHILD PORTAL OF NIRC-ICSIwww.icsi.edu/niro


Compliance Checklist

COMPLIANCE CHECKLIST FROM 10th JULY TO 10th AUGUST, 2013

CENTRAL EXCISE RELATED COMPLIANCE

S. No. Activities Sections / Rules / Acts/ Compliance To whom toClauses, etc. Regulations etc. Due Date be submitted

1. Monthly Return of information Rule 9A CENVAT 10th July Central Exciserelating to Principal Inputs Credit Rules, Authorities(June, 2013) (Form No. ER-6) 2004

2. Filing of Return of Central Rule 12 / Central Excise 10th July Central ExciseExcise and Cenvat Credit for Rule 9(7) Rules, 2002/ Authoritiesthe month of June, 2013 CENVAT Credit(Form No. ER-1) (Non SSI Units) Rules, 2004

3. Monthly Excise return by EOU Rule 17(3) Central Excise 10th July Central Excisefor the month of June, 2013 Rules, 2002 Authorities(Form No. ER-2)

4. Quarterly Return of Central Rule 12 Central Excise 20th July Central ExciseExcise and Cenvat Credit in Rules, 2002 AuthoritiesForm ER-3 (SSI units)

5. Last Date for payment of Rule 8 Central Excise 15th July Central ExciseExcise Duty SSI units (June) Rules, 2002 *16th July Authorities*(in case of Payment throughInternet banking)

6. Last Date for payment of Excise Rule 8 Central Excise 05th August* Central ExciseDuty Non SSI units (July) Rules, 2002 06th August Authorities*(in case of Payment throughInternet banking)

7. Monthly Return of information Rule 9A CENVAT Credit 10th August Central Exciserelating to Principal Inputs Rules, 2004 Authorities(July, 2013) (Form No. ER-6)

8. Filing of Return of Central Rule 12 / Central Excise 10th August Central ExciseExcise and Cenvat Credit for Rule 9(7) Rules, 2002/ Authoritiesthe month of July, 2013 CENVAT Credit(Form No. ER-1) (Non SSI Units) Rules, 2004

9. Monthly Excise return by Rule 17(3) Central Excise 10th August Central ExciseEOU for the month of Rules, 2002 AuthoritiesJuly, 2013 (Form No. ER-2)

SERVICE TAX RELATED COMPLIANCES10. Pay Service Tax in Challan Section 68 Read Finance Act, 1994 05th August Service Tax

GAR - 7, collected for the month with Rule 6 Service Tax *06th August Authoritiesof July 2013 by persons other Rules, 1994than individuals proprietors andpartnership firms.*(in case of Payment throughInternet banking)

INCOME-TAX RELATED COMPLIANCES11. Quarterly TDS return in Section 195 read Income-tax Act, 15th July Income Tax

Form No.27A. with Rule 37A of 1961 & Income- Authoritiestax Rules, 1962

12. File TDS/TCS quarterly statement Section 200(3) Income tax 15th July Income Taxin Form No. 24 Q/26Q/ for quarter Act, 1961 AuthoritiesApril - June, 2013




13. Issue TDS Certificate in form Section 203 Income Tax 30th July Income-Tax16A other than Salary Act, 1961 Authorities

14. Quarterly issuance of Certificate Rule 37D Income-tax 30th July Income-Taxof collection of tax at source Rules, 1962 Authorities(TCS) Form No. 27D

15. Income Tax Return for Non- Section 139(1) Income tax 31st July Income TaxCorporates & Individuals Who Act, 1961 Authoritiesare under non-audited u/s 44AB

16. Due date of filing Wealth tax Section 14 - Re- Wealth Tax 31st July Income TaxReturn in case of assessee turn of wealth -of- Act, 1957 Authoritieshaving incomes from Salary,Rent, Capital gain, Interest,or Business with turnover lessthan 60 Lakhs Form: BA

17. Deposit of Income Tax - Self- Section 140A Income tax 31st July Income Taxassessment tax Act, 1961 Authorities

18. Contractor's Bill / Advertising / Section 194C Income-tax 07th August Income TaxProfessional service Bill - TDS Section 194J Act, 1961 Authoritiescollected for the previous monthSection 194J (July, 2013)

19. Monthly payment of TCS Section 206 Income-tax 07th August Income Tax(July, 2013) Act, 1961 Authorities

20. TDS from Salaries for the Section 192 Income-tax 07th August Income Taxprevious month (July 2013) Act, 1961 Authorities

RBI RELATED COMPLIANCES21. Quarterly submission of Monetary Master Circular Master Circular 10th July RBI

and Supervisory Return DNBS.PD.CC.No.227/03.10.042/2011-12 datedJuly 01, 2011

22. Monthly statement of short DNBS (PD).CC. Circular 10th July RBIterm dynamic liquidity in No.15 /02.01/Form ALM-I 2000-2001 dated

June 27, 200123. Quarterly return on Statutory Master Circular Master Circular 15th July RBI

Liquid Assets in Form NBS-3 DNBS.PD.CC.No.227/03.10.042/2011-12 datedJuly 01, 2011

24. File a quarterly result on frauds Master Circular Department of 15th July RBIoutstanding dated 1/7/2010 Non Banking

Supervision25. Annual Return on foreign assets A.P (DIR Series) FEMA Act, 1999 15th July RBI

and liabilities by Indian companies. Circular No. 4526. Monthly return (NBS-6) on Para 13B NBFC Prudential 07th August RBI

exposure to capital market Norms (ReserveBank) Directions,1998




27. Monthly Return on Important DNBS (RID) C.C. Circular 07th August RBIFinancial Parameters No.57/02.05.15/

2005-06 datedSep 6, 2005

28. Reporting of actual transactions of ECB Rules FEMA, 1999 08th August RBI throughECB in form ECB-2 within 7 Authorizedworking days (July) Dealer

29. Monthly statement of short term DNBS (PD).CC. Circular 10th August RBIdynamic liquidity in Form ALM-I No.15 /02.01/ 2000

dated June 27 , 2001

ECONOMIC, INDUSTRIAL & LABOUR LAW RELATED COMPLIANCES30. Monthly payment of Provident (a) Paragraph 38 of (a) Employees' 15th July Provident

Fund (PF) (Non Corporate) Employees Provident Provident Funds Fund AuthoriFunds Scheme, 1952 and Misc. ties Trustees of(b) Section 418 of Provisions Act, 1952 Providentthe Companies (b) Exempted FundAct, 1956 Scheme

31. File monthly return for employees Pragraph 20(2) The Employees 15th July Provident Fundleaving / joining during the month read with Paragraph Pension Scheme, Commissionerof June (Form No.5) 36(1) & (2) 1995 (For Exm.

establishmentsunder EmployeesProvident Fundand Misc. Provi-sions Act, 1952)

32. Payment of ESI contribution for the Regulation 31 Employees' State Employees 21st July ESICprevious month Insurance Act, State Insu- Authorities

1948 and rance (Gen.)Regulations,1950

33. Monthly return of Provident Fund Paragraph 38 of Employees 25th July Provident Fundfor the previous month (June) Employees' Provident Funds AuthoritiesProvident funds Provident Act, 1952 and Misc.

Scheme, 1952

COMPANY LAW RELATED COMPLIANCES34. Payment of monthly Provident Section 418 Companies 15th July Post Office

Fund dues (Corporate) for the Act, 1956 Saving Bankmonth of June, 2013 Account or

Special Accountwith SBI or anyScheduled Bank

35. Form 5 INV for the Financial Year Rule 3 Notification Investor Education 31st July ROCended on 31st March, 2013 NO.G.S.R. 352(E), and Protection Fund

Dated 10-5-2012 (Uploading of info-rmation regardingunpaid and un-claimed amountslying with compa-nies) Rules, 2012



Note : While every care has been taken in the preparation of this Compliance Check List for the Month of July, 2013, to ensure its accuracy at the time of publication, NIRC- ICSI assumes no responsibility for any errors which despite all precautions, may be found therein. Members are requested to check the latest position with the originalsources before acting upon on the information published in this newsletter. Neither this Newsletter nor the information contained herein constitutes a contract or will formthe basis of a contract. The material contained in this document does not constitute/ substitute professional advice that may be required before acting on any matter.

STOCK EXCHANGE / LISTING COMPLIANCES. No. Activities Sections / Rules / Acts/ Compliance To whom to

Clauses, etc. Regulations etc. Due Date be submitted36. Quarterly Compliance Report & Clause 49 (VI) (ii) & Listing Agreement 15th July Stock Exchange

Certificate on Corporate SEBI CircularGovernance signed by the SMDRP/Policy/Compliance Officer or CEO of the DIR-03/01 datedCompany 22.1.2001

37. Quarterly Shareholding pattern Clause 35 Listing Agreement 21st July Stock Exchange38. Capital Reconciliation Audit Report Reg. 55A & SEBI SEBI (Depositories 30th July Stock

Circular No. D&CC & Participants) Exchanges(s)/ FITTC/CIR-16 / Regulations, 1996 where the2002 dated company isDecember 31, 2002 listed

39. Intimation of date of Board Meeting Clause 41 Listing Agreement 7 days in Stock Exchangesto consider quarterly results advance

40. Intimation of quarterly results Clause 41 Listing Agreement Within 15 Stock Exchangesminutes ofBoard Meeting

41. Submit three copies of quarterly Clause 41 Listing Agreement Immediately Stock Exchangesresults singed by the MD on conclusion

of BoardMeeting

42. Issue press release about Board Clause 41 Listing Agreement Simultaneou- One National &Meeting to consider quarterly results sly after Board one regional

meeting newspaper43. Publish quarterly Results Clause 41 Listing Agreement Within 48 One English and

hours of BM one regionalnewspaper

DEPOSITORIES44. Submit monthly statement on Regulation 54(5) SEBI (Depositories 07th August Depositories

substitution of names of depositories & Participants)in the previous quarter. Regulations, 1996

"Is it correct that Paramjeet Singh has been declared asan Employee of the Year?""Yes.""Will he get special increment for that?""No Sir,as a recognition for that he is being given oneyear car parking free."

"Sorry we cannot continue with your services anymore.""Why?""You don't fit into the environment of our organisation.""What is wrong with me?""You are always too relaxed, good humoured,socialetc.In this way you are setting bad example for others."

"Sorry it is not possible for us to keep you in HRdepartment.""What is wrong with me?""To be in this Department you should have qualities ofdedication & sincerity.""Does the HR Head possesses those qualities?""No, he has the calibre of faking those qualities."

—CS PRAMJEET SINGH, [email protected]

Members may send their contribution for this column ate-mail [email protected] for publication in the NIRCNewsletter-Insight. Decision of the Editorial Board ofNewsletter in this regard will be final.

LIGHTER SIDE OF THE PROFESSION

* * * * *

* * * * *


CROSSWORD

Members Column

CS Chetan Sharma ACS-23055CS Shashank Rai ACS-29005CS Kanishek Vardhen ACS-27298CS Khusbu Mohanty ACS- 28675CS Ankit Kumar Singh ACS 31089CS Mukesh Dagar ACS 30932CS S.Divya ACS-28402CS K.K. Sharma FCS 883CS Amita Verma ACS 26904Ms. Preeti Gupta Regn No. 220822667/02/2010

Members are requested to send their answers to thecrossword to [email protected] All correct entries will berecognized in the next NIRC Newsletter. Answers tothis crossword will be published in next Newsletter.

The following members/students sentcorrect entry to the above Crossword:

DOWN1. Director2. Enbloc3. Prerogative4. NSC (National Safety

Council of India)6. EEFC

ACROSS3. Partition4. Indefinite7. Segregation8. Chief (Chief Commis-

sioner of Income Tax)9. Redemption

ANSWERS TO THE CROSSWORD PUBLISHED IN JUNE 2013ISSUE OF NIRC-ICSI NEWSLETTER ARE AS UNDER:

ACROSS1) The company law provides for adequate protec-

tion for the Minority shareholders when their rightsare_________ by the majority. (8)

6) A promissory note that is not _________ is a con-tract covered by common law. (10)

7) The doctrine of indoor management is a ______tothe doctrine of constructive notice. (9)

9) Every insurer seeking to carry out the business ofinsurance in India is required to obtain a Certifi-cate of registration from the IRDA prior to com-mencement of business. In IRDA, 'R' stands for?(10)

10) In case of ______ Stamp Duty & Consideration isnot necessary. (12)

DOWN2) In case of shares or securities purchase or sale date

of purchase by broker or date of broker note re-spectively is considered. Date of _________ is notimportant. (12)

3) ______on 1 July 2013 became the 28th member ofthe European Union. (7)

4) No person other than a ________of the Instituteshall sign any document on behalfOf a Company Secretary in practice or a firm ofsuch Company Secretaries in his or itsProfessional capacity. (6)

5) According to Fema,1999, the provisions of sections4 and 8 shall not apply to the ________of foreigncurrency or foreign coins by any person up to suchlimit as the Reserve Bank may specify. (10)

8) As per Ministry of Corporate Affairs general cir-cular, a LLP can be appointed as _________ of aCompany. (7)

CHANGE IN ADDRESS OF CS SHYAMAGRAWAL, VICE-CHAIRMAN, NIRC-ICSI

Agrawal Shyam & AssociatesCompany Secretaries61, Luv Kush Nagar-Ist, J.P. Underpass,Sahkar Marg, Tonk Road, Jaipur-302 015Mobile: 09314923451E-mail: [email protected]

We appreciate the active participation by all theparticipating members !!


Article

ALTERNATIVE DISPUTE RESOLUTION METHODSNaresh Kumar*

MBL; LL.B; M.A. Eco; FCS; FICAAdvocate - Business Laws & Visiting Professor IIFT, New DelhiINTRODUCTIONWith the advent of globalization and gradual removal of trade barriers,the role of domestic as well as international trade in the overalleconomic development of India has been increasing significantly andso also the Alternative Dispute Resolution (ADR) system. The ADRis a holistic concept of a "consensus-oriented approach" to deal withpotential and actual disputes. In ADR methods there is less of lawand lawyers and more of common sense and goodwill. The aim is toarrive at a workable consensual solution to the dispute in a flexiblemanner. The emphasis is on win-win settlement rather than win-losesituation for the parties. The Arbitration and Conciliation Act, 1996promises an efficient and effective alternative system of disputeresolution (ADR). The underlying object is to promote ADR methodsfor resolving almost all disputes of civil nature - contractual,commercial, family and property. In this context, an attempt is madeto discuss the practical aspects of ADR system to facilitate resolutionof business disputes.It is now obligatory under Section 89 of the Code of Civil Procedure(Code) for the court to refer dispute after the issues are framed forsettlement either by way of arbitration, conciliation, mediation, judicialsettlement or through Lok Adalat. The main object of Section 89 is toencourage settlement of disputes outside the Court. It provides thatwhere there are elements of settlement which may be acceptable tothe parties, the Court shall formulates the terms of settlement andgive them to the parties for their observations. The Court, on receiptof the observations of the parties, may reformulate the terms of apossible settlement and refer the same for arbitration, conciliation,judicial settlement including settlement through Lok Adalat ormediation.HOLISTIC CONCEPTIn the final analysis, adjudicative or determinative processes are notdispute resolution processes. Judges adjudicate disputes comingbefore their courts without focusing on resolving disputes. Theysimply decide disputes or adjudicate disputes through adversarymethod of dispute resolution. Litigation as a method of disputeresolution leads to a win-lose situation and animosity between theparties rather than win-win situation and preserving goodwill.Moreover, litigation involves delay and cost in appeals before thehigher courts.In ADR methods disputes are resolved through consensual interactionbetween the disputants. This is no easy task. It involves afundamentally different approach. For example, a mediator facilitatesresolution of the dispute by the parties themselves, rather than decidethe issues between them. The important distinction between decidingand resolving disputes has been the process of adjudication andconsensus-oriented approach.ADR methods involve avoidance and management of conflicts. Theseare holistic concepts of a consensus-oriented approach to deal withpotential and actual disputes or conflicts. The concepts encompassconflict avoidance, conflict management and conflict resolution. Theunderlying approach of ADR methods is consensus-orientedphilosophy. In fact, conflict avoidance, management and resolution

*The author is accessible at [email protected] expressed by the author is his own views and the NIRC or ICSI does not accept any responsibility

are simply three closely related sequential approaches each of whichhas relevance and application within the broad field of social,commercial and personal interaction.ADR SYSTEMThe ADR system provides fair and workable alternatives to thetraditional judicial system. The methods give better and qualitativeresults than the adversarial system. The underlying object of ADRsystem is to empower individuals to resolve their own disputes withminimum outside help. The ADR methods, by amicably and promptlyresolving almost all commercial disputes and contentious matters,offer a viable alternative option to litigation.In the traditional justice dispensing system of India, judges do notresolve disputes, but decide and adjudicate on disputes. The ADRmethods, on the other hand, aim at resolving disputes throughconsensual interaction between the disputants. There is fundamentaldifference between approach of a judge and a conciliator lies indeciding a dispute versus resolving a dispute. A judge has widepowers under the law to decide the dispute brought before court,whereas a conciliator has to use his knowledge and skills to facilitateresolution of the disputes by the parties themselves.The underlying object of the National Litigation Policy released on23-06-2010 is to reduce the cases pending in various courts in India.The National Legal Mission under the policy aims to reduce averagependency time of court cases from 15 years to three years withemphasis on ADR system.ADR METHODSThe common ADR methods of resolving disputes outside the courtare negotiation, conciliation, mediation and arbitration. The ADRmethods facilitate settlement of "business-to-business" disputes.Negotiation"Negotiation" is the simplest and ideal method of resolving disputes.Concerned parties to disputes come to negotiation table andunderstand viewpoints of each other. The dispute is resolved in aspirit of give and take.The parties to the dispute clearly state basis of negotiation so that thedead-end could present a way forward. The negotiations are guidednot so much by notions of fair play as the relative strengths andbargaining powers of the parties. The idea is to achieve a positiveoutcome of negotiation, even if the parties do not get what they beliefthey deserve.Conciliation"Conciliation" is an amicable method of disputes resolution. Sections61 to 81 under Part III the Arbitration and Conciliation Act, 1996,makes express provisions for conciliation. The conciliation processallows the parties to be more directly involved in the resolution oftheir dispute; consequently, in this process the parties retain muchmore freedom to initiate and reach conciliation.The conciliation clause of the Indian Council of Arbitration is as under:"If a dispute arises out of or in connection with this contract, or inrespect of any defined legal relationship associated therewith orderived therefrom, the parties agree to seek an amicable settlement ofthat dispute by conciliation under the ICA Rules of Conciliation.


ArticleThe authority to appoint the conciliator/conciliators shall be the IndianCouncil of Arbitrators.The Indian Council of Arbitration will provide administrative servicesin accordance with the ICA Rules of Conciliation".Conciliator is a neutral person, well versed in the art of persuasionand conciliation skills.A party initiating conciliation sends to the opposite party a writtencommunication to resolve the dispute by conciliation. Conciliationproceedings commence when the other party accepts the proposal ofconciliation.The parties to the dispute can appoint a sole conciliator or tribunal ofconciliators. In case of tribunal of conciliators, each party can appointone conciliator and may agree on the name of the third conciliator toact a presiding conciliator.Each party sends a copy of his statement of dispute to the conciliatorwith a copy to the other party. Subsequently, the conciliatory mayrequire each party to submit further written statement and documentsin support of its contentions with copies to other party.The job of the conciliator is to guide the parties to become clear abouttheir omissions, commissions and legal position and help in reachingan acceptable solution. The conciliator tries to bring the parties tonegotiation. He assists the parties in an independent and impartialmanner to reach an amicable settlement of their dispute.The conciliator is guided by principles of objectivity, fairness andjustice. He does not impose his views on what should be a fairsettlement. He listens to the viewpoints of the parties to dispute,evaluates strengths and weaknesses of their case and advises them tosettle the dispute in an amicable manner. His emphasis is on puttingthe dispute aside and carries on with the business.As a first step in conciliation, basic disputes are clarified throughcorrespondence. Secondly, personal meetings with the concernedparties are also arranged to bring the parties around to an amicablesettlement of the dispute.The conciliator, after perusal of statements of parties and other relevantrecords submitted by the parties, hold conciliation proceedings. Eachof the parties is called upon to put forth its viewpoints. The conciliatorlistens, takes note of important points and put up queries to clearlyunderstand the issues involved and their implications. The conciliatorthen talks to each of the parties separately to ascertain the cut-offlevel of acceptance.The conciliator, on finding that an acceptable settlement is emerging,formulates the terms of such a settlement and submits the same to theparties for their perusal and comments.The conciliator, after incorporating the comments of the parties,proposes to the parties a solution as envisaged by them, which onacceptance by the parties, becomes the settlement agreement.The conciliator and the parties keep all matters relating to conciliationconfidential. Confidentiality extends also to the settlement agreement,except where disclosure is necessary for purposes of itsimplementation and enforcement.A conciliator has no power to decide disputes between the parties.He only induces the parties to reach an agreed settlement. If the partiesreach agreement on a settlement of their dispute, they draw up andsign the written "Settlement Agreement" with the help of theconciliator. The "Settlement Agreement" has the same status and effectas that of arbitral award. The "Settlement Agreement" is final andbinding on the parties and person claiming under them. Theconciliator authenticates the agreement and furnishes a copy to each

of the parties to the dispute or claiming therunder.ConciliationIt may be noted that conciliation proceedings are terminated onsigning the settlement agreement, if the conciliation fails or a writtendeclaration by a party to other party and conciliator that theconciliation proceedings are terminated on the date of declaration.Mediation"Mediation" is a voluntary process of getting impartial solution by atrained mediator who protects the interests of both the parties. Incommercial world, mediation is a confidential process of resolvingdispute by a neutral person called `mediator', who is acceptable tothe disputants. A mediator is a facilitating intermediary helping partiesto reach a workable solution to their dispute without going intolegalities. He has no authority to take decisions and does not imposehis views on what should be a fair settlement. With the consent andknowledge of the concerned parties, he tries to bring the parties tonegotiation and persuade them to reach a compromise and settlement.He finally settles all the disputes. Parties accept mediation awardand carry on business. Mediation is out of commercial expediencyrather than fairness. Mediation is preferable to arbitration because itis quicker, less expensive, less stressful and more private. Mediationis a win-win method of settling disputes. The information/documentsreceived by mediator during mediation proceedings are keptconfidential.Resolution of disputes often become difficult due to eithermiscommunication or egoism of the parties involved. As such effectivecommunication combined with sensitivity to the concerns of partiesfacilitates resolution of most disputes. At the basic level what isrequired is apply human touch in their negotiations to convince theparties that mediation protected the interests of both sides. Mediationis an informal and confidential process and third party assists andhelps amicably resolving disputes in common interest. It is not aboutcutting the pie, but making parties feel winners in the process.The main benefits of mediation include:– It is simple, economical and fast.– It gives an opportunity to both the parties to speak their minds.– It is final and does not leave any room for litigation.– It helps maintaining cordial relations without involving advocates.ArbitrationAccording to Halsbury's definition, "Arbitration is the reference ofdispute between not less than two parties, for determination, afterhearing both sides in a judicial manner, by a person or person otherthan a court of competent jurisdiction" (Halsbury Laws of EnglandFourth Edition, Vol. II).Ronal Bernstein defines arbitration as: "Where two or more personsagree that a dispute or a potential dispute between them shall bedecided in a legally binding way by one or more impartial persons ina judicial manner, that is, upon evidence put before him or them, theagreement is called an arbitration agreement or a submission toarbitration."Section 2(1) of the Arbitration and Conciliation Act, 1966 (Act) definesarbitration to mean as "any arbitration whether or not administeredby a permanent arbitral institution."It emerges from the above definitions that arbitration is the methodfor settlement and adjudication of disputes by the decision of one ormore impartial persons called arbitrators and not a court of law.The main objects of arbitration are speed, economy, convenience, and


simplicity of procedures, secrecy and encouragement to healthyrelationship between the parties. Moreover, the basic principles ofarbitration are almost universally acceptable for the simple reasonthat the practice of business is much the same. In fact, arbitration isthe creation of business community itself all over the world.Under the Arbitration and Conciliation Act, 1996, arbitration is thelegal method for adjudicating commercial disputes. Arbitration iseconomical, efficient, speedy and flexible method of adjudicatingdisputes on merit. The arbitrator is like a judge who allows parties topresent their case and decides their rights and liabilities.The arbitration clause of the Indian Council of Arbitration is as under:"Any dispute or difference whatsoever arising between the partiesout of or relating to the construction meaning, scope, operation oreffect of this contract or the validity or the breach thereof shall besettled by arbitration in accordance with the ICA Rules of Arbitrationof the Indian Council of Arbitrators and the award made in pursuancethereof shall be binding on the parties".The parties may also opt for fast track arbitration and request thearbitral tribunal to decide their dispute within a fixed time schedule.The arbitral tribunal can in fast tract arbitration, if the parties to disputeso desire, decide the dispute on written pleadings, documents andwritten submissions filed before him without or with minimumhearings.Arbitral tribunal also assists the parties in reaching an amicablesettlement of the dispute in an impartial manner. In case the partiesreach an agreement, the arbitrator records the agreement and gives aconsent award, which cannot be challenged in any court of law.Time is of essence in business transactions. The main objects ofarbitration are speed, economy, convenience, and simplicity ofprocedures, secrecy and encouragement to healthy relationshipbetween the parties. Moreover, the basic principles of arbitration arealmost universally acceptable for the simple reason that the practiceof business is much the same. In fact, arbitration is the creation ofbusiness community itself all over the world.The National Litigation Policy, 2010, states that governmentdepartments and public sector companies should employ ADRmechanisms, especially arbitration, wherever possible.(1) The resort to arbitration as an alternative dispute resolution

mechanism must be encouraged at every level, but this entailsthe responsibility that such arbitration will be cost effective,efficacious, expeditious, and conducted with high rectitude. Inmost cases arbitration has become a mirror of court litigation. Thismust be stopped.

(2) Courts interference must be minimal.The court can interfere only in such cases which are specificallymentioned in the Arbitration and Conciliation Act, 1966 and thereis no need to broaden the scope of interference in the arbitralawards.

SUGGESTIONSArbitration is comparatively costly and time-consuming. It is,therefore, better that the parties should first settle their disputesthrough mediation/conciliation, not only to save cost and time butalso preserve business relations.The success of arbitration is not guaranteed, but a mutual settlementcannot be challenged in any court.It is easy to implement the settlement agreements reached throughmediation/arbitration rather than arbitration award.

IMPORTANT CASESThe following examples illustrate the importance of ADR methods insettlement in business disputes:1. The Securities and Exchange Board of India (SEBI) through consent

order mechanism, introduced in 2007, has settled about 1,000 casesand collected more than Rs.150 crore as settlement charges.

2. The dispute in the Sheth family, which controls India's largestprivate shipping companies, Great Eastern Shipping Company(GE Shipping) and Great Offshre Limited (GOL), has come to ahappy end. Mr. K.M. Sheth, the Chairman, GE Shipping, and hissons Bhart and Ravi have sold their 14.5% stake in GOL to VijaySheth for Rs.478 crore. Under the scheme of arrangement reachedbetween the Sheth cousins, Vijay Sheth would now hold about20% stake in GOL whereas Bharat and Ravi have majority stakeboth in GE Shipping and GOL.

3. In an amicable agreement Jet Airways acquired Sahara Airlines.The arbitral tribunal headed by Justice Lord Stein of the UK andJustice S.P. Bharucha, former Chief Justice of India (representingJet) and Justice B.P. Jeevan Reddy, a Supreme Court Judgefacilitated the consent award.

4. As per the settlement in the Ambani Group, Mukesh Ambani hasacquired control over RIL whereas Anil Ambani over RelianceEnergy, Reliance Infocom and Reliance Capital.

5. As per the settlement in the BPL Group, TPG Nambiar, Chairman,BPL Limited and Rajieev Chaandrasekhar, Chairman, BPL MobileCellular, Mr. Chandrasekhar is to acquire Mr. Nambiar's stake ofabout 8% in BPL Communications.

6. The Piramal Group, which runs pharmaceutical major NicholasPiramal, shopping malls, Crossroad and CR2 has amicablyreached a financial settlement. Under the proposed amicablesettlement Ajay Piramal is to sell his holdings in the retail ventureand his sister-in-law Urvi Piramal will sell her familiy's holdingsin Nicholas Piramal, Gujarat Glass and other companies ownedby Ajay Piramal. Ajay Piramal is the chairman of the retail venture,while Urvi is on the board of Nicholas Pirmal, Gujarat Glass andother ventures. Significantly, the deal has been structured in sucha way that it would not dilute in general managerial and advisoryfunctions of the respective family members in business affairs ofthe companies.

7. The Supreme Court ruled in favour of the ITC Limited in April,2005, and, allowed Rs.800 crore excise duty claim after17-yearlegal wrangle. The Government later filed a review petitionchallenging the Supreme Court order. The Supreme Court,however, directed the Government to arrive at a compromiseformula with the ITC Limited for settling the dispute.

The Government initially nullified the Supreme Court ruling byissuing Ordinance changing the definition of `retail price' withretrospective effect. Consequently, the onus was on the ITC Limitedto pay the extra amount after the Government as per the Ordinance.This meant that the ITC would not only have to forfeit the Rs.350crore paid as pre-deposit to the exchequer but also pay an extra Rs.450crore. The company was required to pay the amount within 30 days,failing which it was liable to pay a 15% interest.Subsequently, the Government worked out a compromise with theITC Limited in the Rs.800 crore excise evasion case. Under thecompromise formula the ITC Limited gave up its claim over the Rs.350crore it had paid to the exchequer. The Government, in turn, droppedthe extra Rs.450 crore excise duty claims made on the company.8. At international level, the General Electric (GE) and Bechtel

Article


Corporation (BC) moved the Supreme Court of India on 19-07-2005, with their consent settlement to end their multi-prongedlitigation over Debol Power Company (DPC), first promoted bythe US power major Enron Corporation (EC). Supreme Court on20-07-2005, in terms of the consent settlement reached among theparties, disposed of all pending litigation for breach of investmentprotection pact in DPC.

The GE and BC together held about 86% shares in the DPC. Theremaining shares were held by Maharashtra Power DevelopmentCorporation (MPDCL), an affiliate of Maharashtra State ElectricityBoard (MSEB). The consent settlement of Rs.1,330 crore was reachedon July 01 and 12, 2005, among the Government of India, MaharashtraState Electricity Board (MSEB) and the GE and Bechtel Corp (BC). Asper the consent settlement, the shares of GE, BC and Enron wouldnow stand transferred to New Age Power Co. Pvt. Limited, the newshareholder in DPC.CONCLUSIONHistorically, the Contract Act, 1872, completely barred ADR methods,except `arbitration'. Section 28 of the Contract Act provides that anagreement which restricts a party from enforcing his rights undercontract ̀ by the usual proceedings in ordinary tribunals' shall be void.It is interesting to note that the statutory exception, not the statutoryalternative, being the reference of disputes to arbitration.In the present scenario of liberalization and globalization, businessworld cannot afford to lose time in prolonged litigation. In this context,ADR methods offer the best alternatives in terms of speed, time, cost,customer sensitivity, confidentiality and expertise of neutrals toquickly resolve the disputes and differences.The Government of India has, as a part of economic liberalization

process, aligned the Arbitration and Conciliation Act, 1996 (Act) withthe Model Law of the United Nations Commission on InternationalTrade Law (UNCITRAL). The Government has also introduced theArbitration and Conciliation (Amendment) Bill, 2003, to furtherstreamline the provisions of the Act in the light of the experiencegained during the decade of its operation. The object is to promotemediation, conciliation and arbitration methods for resolving civiland commercial disputes and make the Indian law and procedure atpar with the developed countries.The Act is a self-contained code. Its underlying object is to restore the`party autonomy' - right of user parties to appoint arbitrators of theirchoice. It gives freedom to arbitrators decide their own procedureand jurisdiction.An arbitral award is by itself enforceable as a decree of court. There isno need to file the award in a court and then obtain a decree in termsthereof. An arbitral award is by itself enforceable as a decree of court.The endeavour is to decongest and avoid recourse to courts by focusingon substantive issues rather than procedural rules. The conceptencompasses conflict avoidance, conflict management and conflictresolution.The Act provides checks and balances. The judiciary intervenes incases of non-appointment of arbitrator, wrong choice of arbitrator orthe arbitrators adopting wrong procedure or giving wrong award.Moreover, the intervention of courts is provided, but to the minimum.Apart from arbitration services in the settlement of commercialdisputes, there need to promote conciliation services for settlementof disputes to minimize delays and costs in dispute resolution by ADRtechniques like mediation, conciliation, dispute review procedure etc.

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Article


News from NIRC

NEWS FROM NIRC

Day, Date, Program Details Speaker PresentTime08.06.2013 HP State Conference Chief Guest: Shri Maneesh Garg, CS M.G. Jindal, CS Ashu

on Company Secretary - IAS, Secretary (Finance,Language Gupta, CS DeepakPartnering Corporate Art and Culture) & Advisor Kukreja, CS Vineet KGrowth Planning; Guest of Honour: Chaudhary,

Dr. Raj Singh, ROC, Punjab, CS Rameshwar SharmaChandigarh & HP and other office bearersGuest Speakers: CS Nesar Ahmad, of Shimla ChapterCS Rajiv Bajaj, CS Satwinder and MembersSingh and Dr. KulbhushanChandel, Associate Professor,Faculty of Commerce andManagement, HP

08.06.2013 Vaishali Study Group CS Rajeev Goel, Advocate CS Pranav Kumar,Meeting on IPO by SMEs CS Gaurav Kumar Sharma

and members

21.06.2013 Study Circle Meeting on Ms. Deepanwita of First CS M G Jindal, CS ShyamEnhancing Proficiency Computers Agrawal, CS NPS Chawla,through End User CS Manish Gupta,Computing CS Deepak Kukreja,

and Members

22.06.2013 One Day Seminar on Chief Guest: Mr. Manoj K Arora CS M.G. Jindal, CS ShyamIndirect Taxes - (Additional Director, General of Agrawal, CS Manish Gupta,Issues & Prospects Export Promotion, Department CS Ashu Gupta, CS Deepak

of Revenue, Ministry of Finance) Kukreja, CS Vineet KChairman of the Technical Chaudhary and MembersSession: CS Upender Gupta,(Additional CommissionerCentral Board of Excise &Custom)Guest Speakers:Ms. Anjlika Chopra(Director, Deloitte ToucheTohmatsu India Pvt. Ltd.),CA Rakesh Garg, CS BimalJain, Mr. R Krishnan (Advocate),Mr. Puneet Agrawal (Partner,Athena Law Associates) &Mr. Siddharth Srivastava(Managing Partner -SKS Associates-Law Firm)

NIRC organised the following programs:For Member


22.06.2013 West Zone Study Group CS Satwinder Singh CS Pradeep Debnath,Meeting on Stamp Duty (Past Chairman, NIRC-ICSI) CS Amit Kaushal andImplication and Role of CS Members

23.06.2013 North Zone Study Group CS Rajeev Goel, Advocate CS Chetan Gupta, CS NiteshMeeting Sinha and members

24.06.2013 Meeting of Company CS Manoj Sharma CS Ashu Gupta, CS ManishSecretaries in Practice on Managing Partner, Browster Gupta, CS Deepak KukrejaCorporate Banking - Role consultancy and Membersof Company Secretary

28.06.2013 South Zone Study Group Mr. M. M. Sharma CS Navneet Arora,Meeting on opportunities Head-Competition Law and Policy CS Awanish Dwivedi &for CS under Indian Vaish Associates Advocates MembersCompetition Act, 2002 New Delhi

29.06.2013 East Zone Study Group CS NPS Chawla CS Prashant Balodia,Meeting on Mergers and Secretary, NIRC-ICSI CS Rajesh Jha and membersDemergers - PracticalImplications

For Students

Day, Date, Program Details Chief Guest/Speaker(s) PresentTime12 - 74th Student Induction Members of the Institute and Students of the Institute20.6.2013 Program (SIP) other professionals

24.6.2013 to 45th Student Induction Members of the Institute and Students of the Institute02.7.2013 Program (SIP) other professionals

13 - 30th Executive Develop- Members of the Institute and CS Shyam Agrawal,22.6.2013 ment Program (EDP) other professionals Mr. T.R. Mehta & Students

26.6.2013 to 31st Executive Members of the Institute and Students of the Institute5.7.2013 Development Program other professionals

(EDP)

21.06.2013 Valedictory Function CS B B Nagpal, Executive CS M G Jindal, CS Shyamof 176th MSOP Director (Finance & Corporate Agrawal, CS Manish Gupta,

Affairs) Luminous Power CS Deepak Kukreja,Technologies Pvt. Ltd. Mr. T.R. Mehta,

CS Alka Arora and Students

25.06.2013 Inauguration of 177th CS Ravi Batra, Chief Risk Officer CS Shyam Agrawal, CS RajivMSOP SRL Limited Bajaj, CS Deepak Kukreja,

CS Vineet K Chaudhary,Mr. T.R. Mehta, CS AlkaArora and Students

25.6.2013 Professional Development Members of the Institute and CS Shyam Agrawal,Program (PDP) other professionals Mr. T.R. Mehta & Students

News from NIRC


News from Chapters

CHAPTERS ACTIVITIESName of Date of Program Program/Meeting & topic PresentChapterBareilly 18-19.6.2013 Participated in the Career Expo-2013 at CS Meghna Jhawar,

Krishna Lawns, Bareilly CS Ankur Gupta and othersChandigarh 31.5.2013 Seminar on Labour Laws & Statutory Compliances CS Mukesh Sharma &

Chief Guest: Justice Mehtab Singh Gill, Former Managing CommitteeActing Chief Justice of Punjab & Haryana High Court Members and membersKey Speakers: Mr. Anupam Malik, Joint Labour and studentsCommissioner, Haryana and Mr. Prabhjit Gill,Attorney & Founder-Evaluer

Jaipur 29.5.2013 - 2.6.2013 Rajasthan Patrika Career Fair -1.6.2013 Study Circle Meeting on RTI Act & SARFAESI Act CS Shyam Agrawal,

Speaker: CS Sushil Daga CS Anshul Jain, Dr. GirishGoyal and Members

Jodhpur 14.05.2013 14th Executive Development Program Managing Committee Membersof the Chapter and students

27.05.2013 BSE IPF Investor Awareness Program with JCI Managing CommitteeJodhpur Mahanagar Elite Members Members of the Chapter,

Members and students30.05.2013 28th Professional Development Program on Managing Committee Members

New Companies Bill of the Chapter and students30.05.2013 BSE IPF Investor Awareness Program With MSJE Managing Committee

Members of the Chapter,Members and students

May & June, 2013 Student Induction Program (3 programs) Managing Committee Membersof the Chapter and students

13.06.2013 BSE IPF Investor Awareness Program With Managing Committee MembersMotherworld Foundation Trust Members of the Chapter and students

Karnal- 24-30.6.2013 1st Student Induction Programme (SIP) CS. D. P. Madan, CS. I. P. Arora,Panipat CS. Vishwajeet Gupta & studentsLucknow 19-25.5.2013 37th Student Induction Program CS Anuj Tiwari & Students

25.5.2013 Seminar on Patentability of Scientific Inventions CS Rajeev Kumar, CS Anuj( Issues & Process) Cheif Guest: Hon’ble Justice Tiwari, Members andShri Vishnu Sahai, Eminent Guest: Prof P.K.Seth, CEO, studentsBio Technology Park, Lucknow, EminentGuest: Dr. S.P.Singh, Principal, National PG CollegeCheif Speaker: CS R K Porwal

Ludhiana 25.5.2013 Seminar on Foreign Investment in India & CS Bhupesh Gupta and otherCommercial Borrowings Managing Committee Members

of the Chapters and membersNoida 20.6.2013-6.7.2013 14th MSOP CS Ravi Bhushan Kumar,

Inaugurated by- CS Sutanu Sinha, CS Vineet K Chaudhary &Chief Executive, ICSI participants

Varanasi 30.6.2013 Valedictory Session of 2nd SIP & PDP CS Sushil Kandoi, CS Ajay JaiswalChief Guest: CS Dhananjay Shukla, CS Kartik Agrawal, CS RichaRegional Council Member, NIRC-ICSI Gupta, CS Shweta Kandoi,

CS Rohit Jaiswal, Mr. S.C. Mishra& students


Appeals

AN APPEAL FOR BECOMINGMEMBER OF CSBF

In recent past, some of our members have died leaving behindthe spouse and minor children. In some cases providing ad-equate financial assistance to the bereaved family becomes animpediment. Although the Managing Committee of the CSBFwanted to help the bereaved family members, but it was con-strained to do so in view of financial position of the Fund.

As of now, around 9600 members of ICSI have become mem-bers of the CSBF which constitutes less than 30% of the totalmembership of the Institute.

The fund can provide the much needed financial assistance insuch cases if the corpus of the Fund increases substantiallywhich is possible if more number of members are enrolled tothe fund. The members in all earnestness are therefore sincerelyrequested to become the members of the CSBF by paying onetime Life membership fee of Rs.7,500/-.

The payments made to the Fund are exempted under Section80G of the Income Tax Act, 1961.

Following benefits are presently provided by the CSBF:

The Fund provides assistance for education/medical or for anyother similar purpose in deserving cases to the• Members of the ICSI• Spouse and Children of the deceased members• The financial assistance upto Rs. 60,000 is provided to the

members for medical expenses for self, spouse or dependentsin deserving cases on receipt of request.

• Financial assistance for education at the rate of Rs. 20,000/-per child (subject to maximum of two children) in deservingcases is provided to the family of the deceased members.

As a member of the Fund upto the age of 60 years it covers themember's future through the Group Life Insurance Policy fora sum of Rs. 2,00,000/-. In addition to this additional financialassistance of Rs. 3,00,000/- is provided to the family of the de-ceased member of the Fund from the CSBF. The widow /dependants of the deceased member above 60 years of age areprovided financial assistance upto Rs. 2,00,000/- from the funddepending upon the merit of the case. The assistance is pro-vided in minimum time possible.

For more details please visit www.icsi.edu

The members have to just fill up Form-A (available on thewebsite of the Institute, i.e. www.icsi.edu) and send the samealong with a cheque for Rs. 7,500 favouring‘ Company Secre-taries Benevolent Fund’ payable at New Delhi to NIRC Office.For further details, members may contact:

CS Dhananjay Shukla CS M.G. JindalChairman, Benevolent Fund Chairman, NIRC- ICSICommittee, NIRC E-mail: [email protected]: [email protected] Mobile :09814170354Mobile : 9873347280

COMPANY SECRETARIES BENEVOLENT FUND

Members enrolled as life Members of the CompanySecretaries Benevolent Fund from Northern Regionfrom 21.05.2013 to 20.06.2013

S.No. Name Mem. No.

1. CS Navneet Raghuvanshi ACS-14657

2. CS Shweta Kandoi ACS-30488

AN APPEAL TO THE MEMBERS FORGENEROUS DONATIONS TO SUPPORTTHE VICTIMS WHO HAVE SUFFERED"EXTENSIVE DEVASTATION" IN THE

STATE OF UTTARAKHAND

As you are kindly aware that "extensivedevastation" has been caused due to cloudbursts andfloods in the state and a large number of people havedied and property worth crores of rupees has beendamaged in the State of Uttarakhand.

At this moment, affected people need our help to tideover the calamity that has fallen upon them, tosurvive and to rebuild their lives. I request allmembers to stand with our distressed fellowcountrymen, and actively participate in the nationaleffort to support them at this difficult time. We have aSocial Responsibility to help them in this hour of need.

NIRC of ICSI calls upon the members to comeforward and donate generously to the PrimeMinister's National Relief Fund so that we may sendsome consolidated amount towards the relief.Members are requested to contribute through aCheque/Demand Draft in favour of "Prime Minister'sNational Relief Fund" which may please be sent tothe Deputy Director, NIRC of ICSI, 4, Prasad NagarInstitutional Area, New Delhi. All donations areexempted under Section 80G of Income Tax.

We will publish the names of all donors in the nextissue of NIRC Newsletter as a token of ouracknowledgement.

Regards,

CS M.G. JINDALChairman


Day, Date Program Venue Feesand TimeThursday, Inauguration of Foundation ICSI-NIRC Building, Prasad Free25.7.2013 Day Celebrations & Plantation Nagar Institutional Area,10.00 AM of Sapling & Motivational New Delhi

Talk for StudentsFriday, Elocution/Debate ICSI-NIRC Building, Free26.7.2013 Competition for students Prasad Nagar Institutional Area,10.00 AM New DelhiFriday, Mega Study Circle Meeting on New Delhi YMCA Auditorium, Free26.7.2013 Inbound and Outbound Invest- Jai Singh Road, New Delhi (Credit Hour:01)5.30 PM ments – Recent Key Policy ChangesSaturday, One day Seminar on Hotel Le-Meridien, (Sovereign-I Rs.2250/- per delegate27.7.2013 Corporate Restructuring - & II), Janpath, New Delhi inclusive of service tax10.00 AM Contentious Issues (Rs.1125/- for students);to 3.00 PM FREE FOR CORPORATE

MEMBERS OF NIRC OFICSI (Credit Hour:04)

Saturday, Annual General Meeting Hotel Le-Meridien, Free27.7.2013 of NIRC (Annual Report (Sovereign-I & II), Janpath,4.00 PM alongwith attachments New Delhi

and annexure thereto isavailable on website ofNIRC: www.icsi.edu/niro)

Sunday, Exhibition of Crafts, Arts, Airforce Auditorium, Subroto Free28.7.2013 Photographs, Paintings & Park, Near Dhaula Kuan,5.00 PM Souvenir New DelhiSunday, Cultural Evening for Airforce Auditorium, Subroto Rs.400.; Rs.250 for Children28.7.2013 Members and their Park, Near Dhaula Kuan, between the age of 5 to 126.00 PM families followed by New Delhi years; Children below theonwards Dinner. age of 5 years & Corporate

Members of NIRC FreeMonday, Spelling Bee Competition ICSI-NIRC Building, Prasad Free29.7.2013 for students Nagar Institutional Area,10.00 AM New DelhiMonday, Meeting of Company ICSI-NIRC Building, Prasad Free29.7.2013 Secretaries in Practice - Nagar Institutional Area, (Credit Hour:01)6.00 PM Interactive Session with New Delhi

RegulatorsTuesday, Moot Court Competition ICSI-NIRC Building, Prasad Free30.7.2013 for students Nagar Institutional Area,10.00 AM New DelhiTuesday, Members' Quiz on ICSI-NIRC Building, Prasad Free30.7.2013 Corporate Laws Nagar Institutional Area,6.00 PM New DelhiWednesday, Health Check-up and ICSI-NIRC Building, Prasad Free31.7.2013 Blood Donation Camp Nagar Institutional Area,10.00 AM New Delhionwards

Foundation Day Celebrations

42nd FOUNDATION DAY CELEBRATIONS OF NIRC-ICSI


Forthcoming Programs

Day , Date, Program Details Venue Credit Hours FeesTime

Saturday Two Day UP State Scientific Convention 08 Rs.1500/- (Non-& Sunday Conference on Business Centre, Lucknow (PDP for residential); Rs.4,000/-31.8.2013 Governance in UP, students:08) (Residential on twin& 1.9.2013 Professional sharing basis for one1.30 PM Opportunities & day); FREE for Corporateonwards Challenges Members of NIRC (Non-

(Host: Lucknow Chapter) residential for Self only)

Friday- Two days Regional Hotel Park Plaza, 08 Rs.2500/- (Non-Saturday, Conference Ferozepur Road, (PDP for residential); Rs.5,500/-13 to (Host:Ludhiana Chapter) Ludhiana students:16) (Residential on twin14.9.2013 sharing basis for one12.30 PM day); FREE for Corporateonwards Members of NIRC (Non-

residential for Self only)

FORTHCOMING REGIONAL CONFERENCE/STATE CONFERENCE OF NIRC

Day , Date, Program Details Venue Credit Hours FeesTime

Saturday Vaishali Study Group Conference Room, Corporate Office, 1 Free13.07.2013 Meeting on Valuation of IInd Floor, Ansal Plaza, Vaishali,6.00 PM Business & Shares Ghaziabad

Friday South Zone Study Group Association of Municipalities and 1 Free19.07.2013 Meeting Development Authorities (AMDA), 7/6,5.30 PM Sirifort Institutional Area, August

Kranti Marg, New Delhi-110049.

Saturday West Zone Study Group CMC Limited Community Centre, 1 Free20.07.2013 Meeting on SME Listing C-11, 3rd Floor, Janak Puri, New Delhi6.00 PM

Sunday North Zone Study Group Technia Institute of Advanced 1 Free21.06.2013 Meeting Studies, 2nd Floor, Institutional Area,5.00 PM Madhuban Chowk, Delhi

FORTHCOMING MEETINGS OF STUDY GROUPS

NIRC-ICSI congratulates:CS Hitender Mehta (Past Chairman, NIRC-ICSI) on his nomination as:• Co-Chairman of National SEZ Council of ASSOCHAM for 2013-14.• Member of The Punjab, Haryana, Chandigarh & Himachal Pradesh Advisory Council (PHHAC) set-up by

The Federation of Indian Chambers of Commerce and Industries (FICCI) in 2013.*****

CS Subhash Agrawal, Director-Finance, Cement Corporation of India Ltd. on his being given additional chargeof Chairman and Managing Director of Triveni Structurals Ltd, PSU of Govt. of India

Members may send their achievements at e-mail [email protected] for publication in the NIRC Newsletter Insight. Decision of theEditorial Board of Newsletter in this regard will be final.

ACHIEVER’S COLUMN


INAUGURATION OF 42nd FOUNDATION DAY CELEBRATION OF NIRCDate : 25th July, 2013 (Thursday)

Time : 10:00 A.M.Venue : ICSI-NIRC Building Auditorium, 4, Prasad Nagar Institutional Area, New Delhi

MEGA STUDY CIRCLE MEETINGTopic : Inbound and Outbound Investments – Recent Key Policy Changes

Date: 26th July, 2013 (Friday) Time: 5.30 PMVenue : New Delhi YMCA Auditorium, Jai Singh Road, New Delhi

(Credit Hour: 01)

ONE DAY SEMINARon

CORPORATE RESTRUCTURING - CONTENTIOUS ISSUESon Saturday, the 27th July , 2013(Registration starts at 9.30 AM)

at Hotel Le-Meridien, Janpath, New DelhiFee: Rs.2250/- for members (Rs. 1125/- for students) per delegate inclusive of Service Tax ;

FREE for Corporate Members of NIRC

EXHIBITION OF CRAFTS, ARTS, PHOTOGRAPHS, PAINTINGS & SOUVENIR(4:45 PM Onwards - No participation Fee)

&

CULTURAL EVENING (Dedicated to CSBF)for the members of the ICSI and their families

on the occasion of42nd Foundation Day of the NIRC

On Sunday, the 28th July, 2013 from 6.00 PM (SHARP)at Airforce Auditorium, Subroto Park, Near Dhaula Kuan, New Delhi

Fee: Rs. 400/- per head; Rs. 250/- for Children between the age of 5 to 12 years;Free for Corporate Members of NIRC and Children below the age of 5 years.

Free for Members who become member of CSBF at the Venue or Donate Rs. 5,000/- to CSBF

MEETING OF COMPANY SECRETARIES IN PRACTICE& Interaction with Regulators

Date : 29th July, 2013 (Monday) Time : 6:00 P.M.Venue : ICSI-NIRC Building Auditorium, 4, Prasad Nagar Institutional Area, New Delhi

(Credit Hour:01)

Registration: In order to make necessary arrangements, Members are requested to enrol well in advance for the above programs with DeputyDirector, NIRC-ICSI, 4, Prasad Nagar Institutional Area, New Delhi. The cheque for delegate fee may please be drawn in favour of NIRC ofICSI payable at New Delhi. Tel.:+91-11-49343000, Fax: 25722662 E-mail: [email protected]

MEMBERS ARE REQUESTED TO PARTICIPATE IN ALL THE PROGRAMS IN LARGE NUMBERS

Forthcoming Programs

NIRC-ICSI IMAGES

23 July, 2013NIRC-ICSI Newsletter

th Valedictory Function of 176 MSOP

(21.6.2013):

Meeting of Company Secretaries in

Practice on Corporate Banking – Role of

Company Secretary (24.6.2013):

Chandigarh Chapter: Seminar on Labour

Laws & Statutory Compliances (31.5.2013):

Lucknow Chapter: Seminar on Patent-

ability of Scientific Inventions - Issues &

Process(25.5.2013):

thInauguration of 177 MSOP (25.6.2013):

CS Manish Gupta addressing.

Sitting from L to R CS Deepak Kukreja, CS M G

Jindal, CS B B Nagpal, (Executive Director -

Finance & Corporate Affairs), Luminous Power

Technologies Pvt. Ltd.), CS Shyam Agrawal

and Mr. T R Mehta. CS Alka Arora and Best

Presenters/Best Participants standing.

L to R CS

Manoj Sharma addressing. Others seated

from L to R CS Ashu Gupta, CS Manish Gupta &

CS Deepak Kukreja.

Sitting from L to R CS G S Sarin, Mr. Prabhjit

Gill (Attorney & Founder-Evaluer), Mr. Anupam

Malik (Joint Labour Commissioner, Haryana),

Justice Mehtab Singh Gill (Former Acting Chief

Justice of Punjab & Haryana High Court, CS

Mukesh Sharma & CS Vishawjeet Gupta.

Sitting from L to R CS

Anuj Tiwari, Dr. S.P. Singh, Hon'ble Justice

Vishnu Sahai, Prof P.K.Seth & CS R K Porwal.

Group photograph of participants alongwith

CS Ravi Batra (Chief Risk Officer SRL Limited),

CS Shyam Agrawal, CS Deepak Kukreja,

CS Vineet K Chaudhary, Mr. T.R.

Mehta, CS Alka Arora and Students

CS Rajiv Bajaj,

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Delhi Postal Regn. No. DL-(C)01/1118/2012-14Licenced to post without Prepayment-U (C)-117/2012-14 at N.D.P.S.O.

R.N.No. 37040/81

If undelivered, please return to:

Northern India Regional Council of the

Institute of Company Secretaries of India

4, Prasad Nagar Institutional Area,

New Delhi-110005

Posting Date 8-9.07.2013Printing Date : 5.07.2013

H P State Conference on the theme

Company Secretary – Partnering Corporate

Growth (8.6.2013):


Prospects (22.6.2013):

Study Circle Meeting on Enhancing

Proficiency through End User Computing

(21.6.2013):

Technical Session –Sitting

from L to R CS Deepak Kukreja, CS Rajiv Bajaj,

CS Nesar Ahmad, CS Kanwal Arora,

CS Satwinder Singh, Dr. Kulbhushan Chandel

(Associate Professor, Faculty of Commerce

and Management, HP) and CS Sudarshan

Sharma.

Second Technical

Session – L to R CS Deepak Kukreja, Mr. R

Krishnan (Advocate),

and Mr. Puneet Agrawal (Partner, Athena

Law Associates),

Sitting from L to R CS Manish

Gupta, CS NPS Chawla, CS Shyam Agrawal, CS

M G Jindal, Mr. Dhiraj & Ms. Deepanwita of First

Computers and CS G P Madaan

Mr. Siddharth Srivastava

(Managing Partner - SKS Associates-Law

Firm)

Varanasi Chapter - 2nd Student

d e v e l o p m e n t P r o g r a m a n d P D P

(30.06.2013): Group photograph of

p a r t i c i p a n t s a l o n g w i t h

CS Dhananjay Shukla, Regional Council

Member-NIRC, CS Sushil Kumar Kandoi,

CS Ajay Jaiswal, CS Kartik Agrawal, CS Richa

Gupta and CS Shweta Kandoi, CS Rohit Jaiswal

and Mr. S.C. Mishra.

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Newsletter Cover.cdr - The Institute of Company Secretaries of India

Documents

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