CS FOUNDATION COURSE

Dear Students

“Keep your face to the sunshine and you cannot see a shadow” -Helen Keller

It is important to be successful in life and it is equally important to be an outstanding human being as well. It does not matter from where an individual comes, but what definitely matter is where you have reached and what kind of human being you are.

You may commonly find people who are very successful but not good human beings and vice-versa. But rare are the ones who achieve great things and are outstanding human beings too. To be like one of those rare species, is by design and not by accident. You need to continually put in your best efforts towards your goals and simultaneously monitor, shape and polish your character and personality.

Quantity as well as quality of thought to your own evolution and growth is what differentiate the ‘rare’ from the ‘common’. Be your own competitor rather than competing with someone who is different from you, has different goals in life from yours and has different evolution and growth. Be your own leader and follow your own self.

Regards

CS Mamta Binani President [email protected]

Inside This Issue

Academic Guidance

Hindi Books relevant

for CS Course

Curriculum

Students – ICSI

Academic Connect

Guidance on

Registration for

Students

Examination

All India Rank List

(Foundation

Examination – June,

2015)

News from Region

CS FOUNDATION COURSE (e-bulletin for Foundation Programme Students)

MARC H 2 0 1 6

e-bulletin 2 March 2016

Academic Guidance

PUBLIC PRIVATE PARTNERSHIP* Introduction In the recent eon, Indian economy is heading towards rapid economic growth at global platform. In order to advance the inclusive growth of Indian economy, a well established and quality infrastructural investment is need of the hour. As per XII Five Year Plan (2012-2017), projected investment on infrastructure is around US $ 1 trillion which is 27% of gross domestic saving. Therefore, atrociousness of investment requirement, limited availability of public resources for investing in public infrastructure and minimal human resources to lead infrastructure are major factors to prop up the exploration of Public Private Partnership. The Economic Times quoted1 that “Public Private Partnership serves dual purpose. On one hand it attends to the country’s infrastructure deficit and on the other, it pumps up the prime growth of economy.” That's why public private partnership is the need of the hour. Recently in the budget speech of 2016-2017, Finance Minister Arun Jaitley also emphasized on the promotion and regulation of Public Private Partnership in infrastructure.2 Meaning of Public Private Partnership In the present times, Public-Private Partnerships (PPP) are widely used and promoted by the government; yet there is no well defined meaning of PPP. In general, PPPs are ventures of government service and private business that is funded and operated through the partnership of government and one or more private sector companies. In simplest language, PPP models are typically medium to long term arrangements between the public and private sectors whereby some of the service obligations of the public sector are provided by the private sector, with clear agreement on shared objectives for delivery of public infrastructure and/ or public services. Public-private partnership (PPP) is a funding model for various public infrastructure projects. To name few are telecommunications system, airport or power plant. In this model, the public partner is represented by the union government and/or the state government and the private partner can be a privately-owned business, public corporation or consortium of businesses with a specific area of expertise. PPP arrangements are useful for large projects that require highly-skilled workers and a significant cash outlay to get started. They are also useful in countries that require the state to legally own any infrastructure that serves the public.

* Dr. Gargi Rajvanshi, Assistant Director, ICSI

The views expressed are personal views of the author and do not necessarily reflect those of the Institute.

1 Tina Edwin, 2010, Public Private Partnership: Cornerstone of India’s Economic Growth, Economic Times, December 31st,2010. http://articles.economictimes.indiatimes.com/2010-12-31/news/ 27570441_1_ppp-model-private-sector-power-sector

2 http://www.thehindu.com/business/budget/live-union-budget-201617/article8293531.ece

http://articles.economictimes.indiatimes.com/2010-12-31/news/%2027570441_1_ppp-model-private-sector-power-sector

http://articles.economictimes.indiatimes.com/2010-12-31/news/%2027570441_1_ppp-model-private-sector-power-sector

http://www.thehindu.com/business/budget/live-union-budget-201617/article8293531.ece


Models of PPP Different models of PPP funding are characterized under which partner is responsible for owning and maintaining assets at different stages of the project. Existing PPP models include:

1. Design-Build (DB) 2. Operation & Maintenance Contract (O & M) 3. Design-Build-Finance-Operate (DBFO) 4. Build-Own-Operate (BOO) 5. Build-Own-Operate-Transfer (BOOT) 6. Buy-Build-Operate (BBO) 7. Build-Lease-Operate-Transfer (BLOT) 8. Operation License 9. Finance Only

Regulation of Public Private Partnership PPP is a contractual arrangement between the public authorities and private parties for a combined social and profit motives with genuine risk allocation. Public Private Partnership Models are special contacts with the ultimate aim of public interests and hence they require significant legal regulation to direct and standardize them. Apart from this, without a strong regulatory framework PPP models the investors either will not be interested in the project, or may demand higher returns, government guarantees or other compensations for the legal and regulatory risk they perceive. At the very onset they are governed by the rules of Indian Contact Act, 1872. The governance of PPP through contact law ensures that the private companies to the contract are bound to provide the infrastructure services strictly as per the terms of PPP. Apart from that there are other related regulations too over a PPP Model. For example PPP models for transport infrastructure have to follow the rules of transport law etc. In general legal regulation of PPP models cover following areas:

1. Regulation of tariffs 2. Award of the PPP 3. Secondary Approvals and Procedure of approvals 4. Dispute Resolution Methods like right to arbitration etc) 5. Right to Sell/Grant Security over the Assets 6. Rights to Exclusive Service (monopoly), existing or able to be assigned 7. Protection of Foreign Exchange Convertibility, to enable repatriation of proceeds from the projects

and many more. Infrastructure is under concurrent list, that’s why few states have also enacted their laws to govern PPP models. Indian States like Gujarat, Punjab and Andhra Pradesh have chosen to create a specific law called an Infrastructure Act or similar, whose purpose is to explicitly allow and support PPPs. Public-Private Partnerships in India: Few Instances Public Private Partnership is not a novel concept to human civilization. It traces its evidence to ancient Roman civilization in building, managing and maintaining ports. Eiffel Tower is the most prominent modern day example of Public Private Partnership. In the present day scenario, the multi facet responsibilities the government in combination with the limited resources to government have led the adoption of PPP model is the most feasible option.


Following are few examples of successful PPP Modeled Structure in India :

1. Yeshasvini Health scheme in Karnataka The Yeshasvini Co-operative Farmer’s Healthcare Scheme is a health insurance scheme targeted to benefit the poor. It was initiated by Narayana Hrudayalaya, super-specialty heart hospital in Bangalore, and by the Department of Co-operatives of the Government of Karnataka. The Government provides a quarter (Rs. 2.50) of the monthly premium paid by the members of the Cooperative Societies, which is Rs.10 per month. The incentive of getting treatment in a private hospital with the Government paying half of the premium attracts more members to the scheme. The cardholders could access free treatment in 160 hospitals located in all districts of the state for any medical procedure costing upto Rs. 2 lakhs.

The premium is deposited in the account of a charitable trust, the regulatory body for implementing the scheme. A Third Party Administrator – Family Health Plan Limited that is licensed by Karnataka’s Insurance Regulatory and Development Authority. The FHPL has the responsibility for administering and managing the scheme on a day-to-day basis. Recognized hospitals have been admitted to the network throughout Karnataka, which are called as network hospitals (NWH). These hospitals offer comprehensive packages for operations that are paid by Yeshasvini. A Yeshasvini Farmers Health Care Trust is formed to ensure sustainability to the scheme, which comprises of members of the State Government and the network hospitals. The Trust monitors and controls the whole scheme, formulates policies, appointed the TPA and addresses the grievances of the insured members or doctors.

2. Arogya Raksha Scheme in Andhra Pradesh

The Government of Andhra Pradesh has initiated the Arogya Raksha Scheme in collaboration with the New India Assurance Company and with private clinics. It is an insurance scheme fully funded by the government. It provides hospitalization benefits and personal accident benefits to citizens below the poverty line who undergo sterilization for family planning from government health institutions. The government paid an insurance premium of Rs. 75 per family to the insurance company, with the expected enrollment of 200,000 acceptors in the first year. The medical officer in the clinics issues a Arogya Raksha Certificate to the person who undergoes sterilization. The person and two of her/his children below the age of five years are covered under the hospitalization benefit and personal accident benefit schemes. The person and/oor her/his children could get in-patient treatment in the hospital upto a maximum of Rs. 2000 per hospitalization, and subject to a limit of Rs. 4000 for all treatments taken under one Arogya Raksha Certificate in any one year. She/he gets free treatment from the hospital, which in turn claims the charges from the New India Insurance Company. In case of death due to any accident, the maximum benefit payable under one certificate is Rs. 10,000.

3. Telemedicine initiative by Narayana Hrudayalaya in Karnataka

The Government of Karnataka, the Narayana Hrudayalaya hospital in Bangalore and the Indian Space Research Organization initiated an experimental tele-medicine project called ‘Karnataka Integrated Tele-medicine and Tele-health Project’ (KITTH), which is an on-line health-care initiatives in Karnataka. With connections by satellite, this project functions in the Coronary Care Units of selected district hospitals that are linked with Narayana Hrudayalaya hospital. Each CCU is connected to the main hospital to facilitate investigation by specialists after ordinary doctors have examined patients. If a patient requires an operation, s/he is referred to the main hospital in Bangalore; otherwise s/e is admitted to a CCU for consultation and treatment. Tele-medicine provides access to areas that are underserved or un-served. It improves access to specialty care and reduces both time and cost for rural and semi-urban patients. Tele-medicine improves the quality


of health care through timely diagnosis and treatment of patients. The most important aspect of tele-medicine is the digital convergence of medical records, charts, x-rays, histopathology slides and medical procedures (including laboratory tests) conducted on patients.

4. The Uttaranchal Mobile Hospital and Research Center (UMHRC)

It is three-way partnership among the Technology Information, Forecasting and Assessment Council (TIFAC), the Government of Uttaranchal and the Birla Institute of Scientific Research (BISR). The motive behind the partnership was to provide health care and diagnostic facilities to poor and rural people at their doorstep in the difficult hilly terrains. TIFAC and the State Govt. shares the funds sanctioned to BISR on an equal basis.

5. Emergency Ambulance Services scheme in Tamil Nadu

The Government of Tamil Nadu has initiated an Emergency Ambulance Services scheme in Theni district of Tamil Nadu in order to reduce the maternal mortality rate in its rural area. The major cause for the high MMR is a non-medical cause - the lack of adequate transport facilities to carry pregnant women to health institutions for childbirth, especially in the tribal areas. This scheme is part of the World Bank aided health system development project in Tamil Nadu. Seva Nilayam has been selected as the potential non-governmental partner in the scheme. This scheme is self-supporting through the collection of user charges. The Government supports the scheme only by supplying the vehicles. Seva Nilayam recruits the drivers, train the staff, maintain the vehicles, operate the program and report to the government. It bears the entire operating cost of the project including communications, equipment and medicine, and publicizing the service in the villages, particularly the telephone number of the ambulance service. However, the project is not self-sustaining as the revenue collection is lesser than anticipated.

6. Community Health Insurance scheme in Karnataka

The Karuna Trust in collaboration with the National Health Insurance Company and the Government of Karnataka has launched a community health insurance scheme in 2001. It covers the Yelundur and Narasipuram Taluks. Underwritten by the UNDP, the Karuna Trust undertook the project to improve access to and utilization of health services, to prevent impoverishment of the rural poor due to hospitalization and health related issues, and to establish insurance coverage for out-patient care by the people themselves. The scheme is fully subsidized for Scheduled Castes and Scheduled Tribes who are below the poverty line and partially subsidized for non-SC/ST BPL. Poor patients are identified by field workers and health workers who visit door-to-door to make people aware of the scheme. ANMs and health workers visiting a village collect its insurance premiums and deposit them in the bank. The annual premium is Rs. 22, less than Rs.2 a month. If admitted to any government hospital for treatment, an insured member gets Rs. 100 per day during hospitalization – Rs. 50 for bed-charges and medicine and Rs. 50 as compensation for loss of wages – up to a maximum of Rs.2500 within a 25-day limit. Extra payment is possible for surgery. The insurance is valid for one year. If members want to continue the coverage, they must renew their membership and pay the full premium.

Conclusion: A Way Forward The above cited examples of successful venture of public private partnership confirm that PPP has emerged as one of the options to influence the growth of private sector with public goals in mind. Used judiciously and fitted to local circumstances, they clearly have the potential to significantly impact the economic growth in India. PPPs will survive only if the interests of all stakeholders are taken into account. But there have been cases in the past where the desired results under this partnership have not been achieved thoroughly. Various reasons have been held responsible for the failure of PPP models and


especially in infrastructure. Few of these reasons are legal barriers at the entry level, anti-competitive practices, monopoly of few stake-holders, difficult to enter into a meaningful PPP contract and etc. Therefore, to promote PPP, government is taking various efforts like enacting a sector specific regulation for PPPs. In the budget speech of 2016-2017, Finance Minister Arun Jaitley has also announced that Government is going to enact a Public Utility Infrastructure Act with a special purpose of regulating the PPP models in infrastructure. With this he has announce the conduct of dialysis though PPP model. This shows that government is keen in promoting PPP models. With these promises, it is hopeful that a right aimed PPP models will surely boost the Indian economy at global platform.

***


ACCOUNTING CYCLE AND ITS COMPONENTS*

Accounting is the language of business. Accounting is based on Generally Accepted Accounting Principles (GAAP). GAAP is composition of accounting concepts and conventions. It is essential for every businessman to maintain proper accounts to know timely, results of operations and value of various assets and liabilities. There is a set pattern to record the business transactions, which is called as accounting process. Accounting process involves recording of transactions chronologically in journal, classification through ledger and mathematical checking via trail balance, after this it reach to final accounts.

(A) Journal

Transactions are recorded in same sequence as they took place in the Journal (date-wise). Journal is also known as primary books of accounts. In case of large business entities, maintenance of single journal is not feasible due to heavy number of transactions. Therefore, the journal is sub-divided into various parts which are called as subsidiary books. The subsidiary books include the following:

i. Cash Book : All cash transactions are to be recorded in Cash Book. Non cash items should not be recorded in it. Cash Book may be single column (only cash column), double column (Cash & Discount column) and triple column (Cash, Discount and Bank column). In addition to this, to record small value routine supplementary transaction Petty Cash Book can be maintained.

ii. Purchase Book : Only credit purchases of goods are entered in the Purchase Book. Credit purchase of assets should not be recorded here.

iii. Sales Book : Only credit sales of goods are recorded in the Sales Book.

iv. Purchase Return Book : If the goods purchased in credit are retuned back to the supplier, it should be recorded in this book. The transactions pertaining to purchase return for cash should be entered in cash book only.

* Dr. Bhole Shankar Sikhwal, Research Associate, ICSI

The views expressed are personal views of the author and do not necessarily reflect those of the Institute.

Journal

Ledger

Trial Balance

Final Accounts

Transaction

Accounting Cycle


v. Sales Return Book : In Sales Return Book items related to return of goods from customers, which were initially sold in credit, are recorded. If cash was paid for sales return to than the transaction should be placed in cash book.

vi. Bills Receivable Book : All receipts of Bill from the customers are recorded in B/R book. B/R is an asset for the entity.

vii. Bills Payable Book : All accepted bills are entered in B/P book. B/P is a liability for the accepting concern.

viii. Journal Proper : Rest of the transactions, which are not specifically covered in above seven books, are covered in Journal Proper. Basically this includes special types of transactions like credit purchase of assets, charging depreciation, adjustment entries etc.

(B) Ledger

Preparation of ledger is the second step in the accounting process. This is required to be done for classification of accounts. It helps in knowing the status of every account. Ledger is supplementary to journal.

(C) Trail Balance

Trail Balance is not an account but it is a statement. Basically, it is prepared to check the mathematical accuracy of the maintained accounts. When ‘total sum of all debited accounts’ are ‘equal to sum total of all credited account’ it shows mathematical accuracy. But even after the matching of totals in trail balance, some errors can remain there. These errors do not affect the trail balance: (i) Error of Principles, (ii) Error of Omission, (iii) Compensating Error and (iv) Error of commissioning.

(D) Financial Statements

Final Accounts are the end product of entire business operations. Final accounts are also termed as financial statements. The financial statements of business entities are bifurcated into two categories i.e. Profit & Loss Account and Balance Sheet. The Balance Sheet presents a summary of all assets and liabilities attached to the business whereas the Profit & Loss Account produces results of business operations.

a) Profit & Loss Account

This account present summary of all incomes and expenditures associated to a particular accounting year. The profit or loss can be ascertained through this account by matching incomes and expenditures of the same accounting year. Profit & Loss Account is divided in three parts :

— First part is known as trading account which includes direct incomes and direct expenditures. The outcome of trading account is gross profit or gross loss.

— The second part is profit and loss account which covers all indirect incomes and indirect expenses. Net profit or net loss is ascertained by this account.

— Third part is profit & loss appropriation account. This is very much essential for business entrepreneurs like partnership, company, corporation etc. Generally, this part is not maintained in case of sole proprietary.

The expenses mentioned in the initial two parts of profit and loss account are called as charge against profit. Any charge against profit will decline net profit which will result as decline in income tax liability. Appropriation of profits includes the expenses paid to owners like dividend and this will not have effect on taxation.

b) Balance Sheet

Balance Sheet is a sheet of balances of all unclosed accounts at the end of accounting tenure. It can be prepared in horizontal form or vertical form. Generally, for sole proprietary and partnership firm it is prepared in horizontal form, which is also known as “T” format. Under ‘T’ format Right


side consists of assets whereas left side presents liabilities. The assets and liabities are presented under different heads. A summary of heads are presented hereunder.

— Fixed Assets : Fixed Assets are purchased with an intention to facilitate the operations of business and not to earn profit by resealing them. These are the assets maintained for long period of time. Fixed Assets can be tangible or intangible. Tangible assets are land, building, plant, machinery, furniture, fixtures whereas intangible assets includes goodwill, patent, trade mark, copyright, technical knowhow, license etc. There is decline in the value of fixed assets due to continuous use, wear & tear, obsolesce and technological up-gradation. This decline is called as depreciation. The cost of an asset should be written off at the end of its useful life by charging depreciation. The annual depreciation should be charged to profit and loss account as revenue expenditure.

— Current Assets: Current Assets are generally convertible in cash within a period of one year. These are the assets which are directly connected with business operations like unsold stock, unrealized debtors, bills receivables, cash & bank balances, temporary investments etc.

— Fictitious Assets: Actually Fictitious Assets are not assets but these are unwritten off debit balance of expenses. For example debit balance of profit and loss account, unwritten off preliminary expenses, unwritten off advertisement expenditure etc.

— Wasting Assets: Wasting assets are the natural resources which are providing raw material for production and further sales. These assets are having tentative useful file and due to continuous withdrawal/consumption they become empty. These assets include oil wells, mines, forest etc.

— Fixed Liabilities/Long term Liabilities: These liabilities include internal and external liabilities. External liabilities may be secured or unsecured whereas internal liability is known as capital.

— Reserve and surplus: These are the balances of earned profits. A business can transfer earned profits in different reserves as per requirement. It may be general or specific reserve. General reserves are available for free utilization but specific reserve can be used for the pre-defined purpose. Examples are Profit & Loss Account (credit balance), General Reserve, Dividend Equalization Reserve, Security Premium Reserve, Debenture Redemption Reserve etc.

— Current Liabilities or Short term Liabilities: The liabilities payable within a period of one are called as current liabilities. It includes creditors, bills payables, outstanding liabilities, unearned incomes etc.

— Contingent Liabilities: Contingent liabilities are not ascertained actual liability of the business concern. These are the probable and uncertain liabilities which can be converted into actual liability depending upon happing or not happening of some future event. These liabilities are based application of the concept of conservatism. For example: pending court case, third party guarantee, taxation dispute, product warranty etc.

The financial statements can be analyzed through various techniques i.e. Ratio Analysis, Fund Flow Analysis, Cash Flow Analysis.

***


UPDATE FOR FEBRUARY, 2016

BUGDET 2016-17

Compliance route eased for small biz1

In the Budget 2016-17 speech, Finance Minister has proposed to widen the presumptive

taxation regime’s ambit, to ease the compliance burden on professionals.

Professionals can do away with the need to maintain account books and audits.

Only professionals whose gross receipts from a profession do not exceed Rs. 50 lakh in the

previous year may avail of this window.

Individuals, HUF, and partnership firms (but not limited liability partnership ones) will be

able to avail of this scheme. Until now only small business owners were allowed to avail of

the benefit of presumptive taxation.

The Budget proposes to raise the turnover limit under Section 44AD of the Income Tax Act

to Rs. 2 crore, from Rs. 1 crore, bringing big relief to a large number of assesses in the

micro, small and medium enterprises category.

Under the scheme, a sum equal to 50% of total gross receipts or higher sum declared will

be deemed income of the professional.

More Income in Farmers' Hands to Drive Demand2

The finance minister has rolled out several sops for the farm sector with a focus on

doubling farmers' income in five years.

Several schemes have been unveiled on crop insurance, health insurance and employment,

all of which are expected to increase disposable income in the hands of farmers and the

rural population.

The Budget proposes to ensure electricity to every rural household, a pukka road to every

village, and cooking gas cylinders to 5 crore poor households in the next two years.

A new cess of 0.5% will be levied on all services to fund agricultural schemes.

Loans to small and medium enterprises under the MUDRA (Micro Units Development and

Refinance Agency) scheme will expand from 1 crore to 1.8 crore borrowers next year.

A record Rs. 38,500 crore will be spent on MGNREGA (Mahatma Gandhi National Rural

Employment Guarantee Act) programmes.

Government spending will emphasise agriculture, rural infrastructure and health.

A pilot project is planned for cash transfers in lieu of the fertiliser subsidy.

1 http://epaper.business-

standard.com/bsepaper/svww_zoomart.php?Artname=20160301a_003101002&ileft=4&itop=161&zoomRatio=130&AN=20160301a_003101002

2 http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=More-Income-in-Farmers-Hands-to-Drive-Demand-01032016002015; and http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Farmer-is-Indias-DiCaprio-01032016001036

http://epaper.business-standard.com/bsepaper/svww_zoomart.php?Artname=20160301a_003101002&ileft=4&itop=161&zoomRatio=130&AN=20160301a_003101002



http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=More-Income-in-Farmers-Hands-to-Drive-Demand-01032016002015

http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=More-Income-in-Farmers-Hands-to-Drive-Demand-01032016002015

http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Farmer-is-Indias-DiCaprio-01032016001036

http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Farmer-is-Indias-DiCaprio-01032016001036


Foreign Investors Continue to Get Red Carpet Treatment3

In initiatives that are set to give a fillip to foreign direct investment, the government has

proposed to open up new avenues to overseas investors as well as promised a more

conducive business environment with simpler rules.

The FM has proposed to allow 100% FDI in asset reconstruction companies under the

automatic route.

Foreign investment up to 49% in the insurance and pension sectors, too, will not require

prior government vetting while similar rules will be extended to more non-banking

financial company (NBFC) activities.

In another move that is expected to entice overseas investors, they will be allowed to own

100% stake in businesses marketing food products produced in India, but with clearance

from the Foreign Investment Promotion Board.

The biggest push to Make in India is likely to come from FDI relaxation in food products

marketing, opening the doors for increased investment in food processing infrastructure

and creation of large scale jobs.

Foreign investors have lauded the move to accord them residency status, which will save

them the hassle of reviving business visas every five years.

GENERAL

Debt recovery to prevail over sick unit revival: Supreme Court4

The Supreme Court has ruled that debt recovery from a sick unit will take precedence over

any attempt to revive it.

The decision will make it easy for secured creditors to regain their outstanding dues by

selling its assets.

The Court said that "...provisions of the Securitisation and Reconstruction of Financial

Assets and Enforcement of Security Interest Act, 2002, vis-a-vis the Sick Industrial

Companies (Special Provisions) Act, 1985, lean in favour of creditors being able to realise

their debts outside the court process over sick industrial companies being revived or

rehabilitated".

Sick units are referred to the Board for Industrial and Financial Reconstruction for revival,

which then assesses whether they can be revived or should be wound up. So far, SICA (the

Sick Industries Act) took precedence over the rights of unsecured creditors who would

have to await the result of any revival attempt before they could claim their dues.

The law makes an exception for secured creditors with claims exceeding 75% of the

outstanding amount — if they decide to recover their dues, all revival proceedings will

abate. Secured creditors don't need the permission of the BIFR at any stage. Under the Act,

they can take possession of the assets and even the management and sell off the assets to

recover their dues.

3 http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Foreign-Investors-Continue-to-Get-Red-Carpet-

Treatment-01032016007031

4 http://economictimes.indiatimes.com/news/politics-and-nation/debt-recovery-to-prevail-over-sick-unit-revival-supreme-court/articleshow/50894411.cms

http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Foreign-Investors-Continue-to-Get-Red-Carpet-Treatment-01032016007031

http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=Foreign-Investors-Continue-to-Get-Red-Carpet-Treatment-01032016007031

http://economictimes.indiatimes.com/news/politics-and-nation/debt-recovery-to-prevail-over-sick-unit-revival-supreme-court/articleshow/50894411.cms

http://economictimes.indiatimes.com/news/politics-and-nation/debt-recovery-to-prevail-over-sick-unit-revival-supreme-court/articleshow/50894411.cms


Student-ICSI Academic CONNECT Students may clarify their subject specific academic queries related to study material between 2.00 p.m. to 3.00 p.m. on all working days (Monday- Friday) at 011-45341074.

Students may also write their academic queries on [email protected]

Dear Students,

We are pleased to share that with a view to update the students on important developments on daily basis, the Institute has initiated ‘News Headline‘ on the Academic corner of the Institute’s website www.icsi.edu.

Students are requested to take advantage of this new initiative.

Our best wishes for all your endeavors.

Team ICSI

http://www.icsi.edu/


Hindi Books relevant for CS Course Curriculum

From Shree Mahavir Publications:

Vyavsayik Arthshasttra, Part – I, by M D Aggarwal

Vyavsayik Vatavaran Avem Udhiamitta by Gupta & Chaturvedi

Vyavasayik Prabandh, Neeti shastra Avem Sanchar, by Sharma & Chaturvedi

Vyavasayik Arthashasttra Part – II, by S C Sharma,

Lekhankan Ke Mool tatv Avem Ankenshan, by P C Gupta & C L Chaturvedi

Aarthik Avem Samanaye Vidhi, by Jain & Gupta

Prabhandh Lekhanken by M D Aggarwal & N P Aggarwal

Lagat Lekhanken by S N Maheshwari & S N Mittal

Cost Accounting – Theory & Problems by Maheshwari S N & Mittal SN

Cost Accounting & Financial Management, by S N Maheshwari & S N Mittal

Audhyogik, Shram Avem Samanye Vidhi by Jain & Gupta

Pratibhouti Sanniyam Avem Anupalan, by Jain & Gupta

Adhunik Bhartiya Company Adhiniyam by M C Kuchhal

Adhunik Bhartiya Company Law by M C Kuchhal

From Taxmann Publications:

Vyaparik Evam Samanya Vidhi by Shubham Aggarwal

Bharat Law House:

Systematic Approach to Taxation Containing Income Tax & Indirect Taxes by Dr. Girish Ahuja & Dr Ravi Gupta

Eastern Book Company:

Adminstrative Law (Prashasanik Vidhi) by C K Tekwani

Consumer Protection Law (Upbhokta Sanrakshan Vidhi) by S P Gupta

Company Law (Company Vidhi) by Avtar Singh

Constitution of India (Bharat KaSamvidhan) by EBC

Art of Conveyancing and Pleading (Abhivachonon ke Prarooparn aur Abhihastaantarn - lekhan ki kala) by Murli Manohar

Systematic Approach To Income Tax, Service Tax & VAT (Hindi Edn.) by Dr. Girish Ahuja

***


Student Services

IMPORTANT INFORMATION FOR THE STUDENTS OF THE

CS FOUNDATION PROGRAMME

The Institute has initiated various steps to provide instantaneous services to its stakeholders by the use of technology. More and more services are being added in this march for automation. The study material is now fully available to one and all through the online portal. Some of services and their uses which are important for awareness are listed :

CALL CENTRE

The Institute has established a dedicated call centre with Phone No.s 011-33132333 & 011-66204999. The Call Centre provides for Interactive Voice Response as well as a Ticketing Mechanism.

eBOOKS

Students have now been provided various options for study material. In addition to softcopy of the study material, eBooks have also been developed. All such eBooks shall be displayed when the website of the Institute www.icsi.edu is viewed only through mobile device. These eBooks can be freely downloaded on the mobile device for reading. Appropriate reader for these epub file may be downloaded from respective online stores. For example for android mobile platform, the online store play.google.com may be used. There are many readers available on the android platform and many of them have got enhanced capability of speech and search. One such reader on the android platform is Cool Reader. All the epub files can be downloaded and opened through such eBook readers.

CS TOUCH - ANDROID BASED MOBILE APPLICATION

The Institute of Company Secretaries of India has launched ‘CS touch’ an android and IOS based mobile application for students and members recently. CS touch is an android and IOS based mobile application for web based content Management system. The application features are Splash screen, home screen, top menu screen. Following categories will be available to end users in times to come like Announcements, Events, Photo Gallery, Videos, President message, ICSI in media, Contact us, Know your Institute, Favourite, Setting and Info among others. CS touch is available in Google play store. You can download the same from Google play store.



VALIDITY OF CS FOUNDATION PROGRAMME ADMISSION

The Institute has stipulated 03 years period for the validity of Foundation Programme admission. Accordingly, all those students who have registered upto March, 2013 may please note that their admission to the Foundation Programme stands cancelled on expiry of three years period as at the end of February 2016.

Students who have not passed the Foundation Examination within the validity period of their registration and are not graduates, may seek fresh admission online at Institute’s website www.icsi.edu together with the Foundation Programme admission fee of Rs. 4500/-.

REGISTRATION FOR CS EXECUTIVE PROGRAMME

Students who have passed the Foundation Program examination held in December 2015 and registering in Executive Program upto and including 29th February, 2016 and would be eligible to appear in both modules of the Executive Program to be held in December 2016 examination and students who will take registration in Executive Program between 1st March, 2016 to 31st May, 2016 will be eligible to write only one module in December 2016 examination of the Executive Programme.

Students can register online at institute’s website www.icsi.edu at online services option. The fee for seeking registration for Executive Programme is Rs. 8500/- which can be paid online either through credit/debit card/net banking/bank challan.

CHANGE OF ADDRESS/CREATION OF PASSWORD

Students are advised to update their addresses instantly through online services option at www.icsi.edu. Their Registration Number shall be their user Id itself. Students can also reset their password anytime (The new password will be displayed on the screen).The process is given below.

1) Visit Institute’s website www.icsi.edu

2) Click on ON-LINE SERVICES (top right side of your screen)

3) Click on Student Login



www.icsi.edu



4) Type your registration number in Username

5) Click on Reset password (students only)

6) Enter your all details (i.e. Your Programme, Registration Number, Gender, DOB, Pin Code etc.)

7) Click on Proceed.

8) Enter your correct e-mail id & mobile number

9) Click on Reset Password and Get the password on screen.

UPDATION OF E-MAIL ADDRESS/ MOBILE NUMBER

Students are advised to update their E-Mail Id and Mobile Numbers timely so that important communications are not missed as the same are sent through bulk mail/SMS nowadays. Students may update their E-mail Id/ Mobile Number instantly after logging into their account at www.icsi.edu at request option.

STUDENT IDENTITY CARD

Identity Card can be downloaded after logging into the Student Portal at www.icsi.edu. After downloading the Identity card, students are compulsorily required to get it attested by any of the following authorities with his/her seal carrying name, professional membership No., designation and complete official address:

1. Member of the Institute, with ACS/FCS No.

2. Gazetted Officer of the Central or State Government.

3. Manager of a Nationalized Bank.

4. Principal of a recognized School/College.

5. Officer of ICSI.

Unattested Identity Cards are not valid and the students are advised to carry duly attested Identity Card for various services during their visits to the offices of the Institute, Examination Centres, etc.

VERIFICATION OF PARTICULARS IN THE STUDENT ACCOUNT

Students are advised to invariably check the particulars in their online Account and point out discrepancies, if any, in name, photograph, signature, paper-wise exemption status, validity of registration, other particulars, etc. to avoid mismatches in Identity Card, Admit Card, Attendance Sheet, etc. which may create complications at the time of appearing in the examinations, declaration of results, issue of mark sheets, etc.

All the students are further advised to maintain uniformity in their signatures on student’s identity card, enrollment application and attendance sheet provided in the examination hall at the time of writing examinations.




REGULARISATION OF FOUNDATION PROGRAMME ADMISSION

Students provisionally admitted to the Foundation Programme are advised to upload the scanned copies of their Senior Secondary Marksheet/Pass Certificates for regularizing their admission at their online account at www.icsi.edu. They are required to login at their account to upload the desired marks sheet/certificate at manage account option. Subsequently they are required to go to certificate details tab option to upload the 12th Pass marksheet/certificate. Students, who have already uploaded/submitted their Senior Secondary Examination Markssheets/Pass Certificate and have not received any confirmation with regard to approval of their admission, must contact the Institute immediately either through online grievance Redressal module or ticketing mechanism of the Institute quoting the following particulars:

Name

Details of Fee paid

Admission No.

Email Address

Complete Postal Address with Pincode

CANCELLATION OF PROVISIONAL ADMISSION

Provisional admission of the students, who fail to submit/upload the requisite proof of having passed the Senior Secondary (10+2) examinations within the stipulated time period of six months, shall stand cancelled and no refund of fee will be made. It is informed further that the students registered provisionally in Foundation stage who had appeared in December 2015 examination and have not submitted their 12th pass certificate or marksheet, their result would be withheld by the Institute.

IMPORTANT INFORMATION FOR THE STUDENTS OF THE CS FOUNDATION PROGRAMME STUDY MATERIAL

All registered students who have uploaded their documents successfully and their application has

been approved by the Institute are supplied with the set of study material in case they have opted

for the same at the time of registration. Those who have not received Study material, are therefore,

advised to send their request /query through Grievance Solutions Cell. Details of submitting request

through grievance solutions cell is given below under the head “ ICSI Grievance Solutions Cell”

SELF STUDY

The Institute provides a set of study materials to all students of Foundation Program for their self-

study. Students have option to study the subjects of their own and appear in next examination of the

institute for which they are eligible. Attending classes is not compulsory.

CLASS ROOM TEACHING

Through Regional Councils/Chapters

The Institute provides facility of classroom teaching also. The Regional Councils/Chapters of the Institute are authorized to impart classroom teaching subject to availability of necessary facilities



and sufficient number of students and charge the fee which may vary from place to place. Students interested in having further details may contact any Regional Council/Chapter Office of the Institute. Attending classroom teaching is optional.

Address and contact details of Regional /Chapter Office & Module/Subject wise details for running batches is available on the website at the following links :-

http://www.icsi.edu (Regional /Chapter Office, address and contact details)

https://www.icsi.edu/ClassRoomTeaching.aspx (Module/Subject wise details for running batches)

24 HOURS CS HELPLINE

The Institute has launched a 24 Hours CS Helpline to inform the students about the CS Course & Profession. The students can have pre-recorded replies on the CS Course round the clock through the Interactive Voice Response System (IVRS) by dialing 011-41504444. For detailed information, in this regard, please log on to the website of the Institute i.e. www.icsi.edu.

PLEASE NOTE THAT PAYMENT OF FEE BY CHEQUE & MONEY ORDER IS NOT ACCEPTED BY THE INSTITUTE.


ICSI GRIEVANCE SOLUTIONS CELL The Institute in its endeavour to improve the service delivery mechanism to the Members, Students and other stakeholders has established a Grievance Solutions Cell. In case stakeholders feel that their queries are not being properly attended, they may submit their grievance online through “Grievance Portal” by following the steps given below :-

1. Click on the “Online Services” button on the home page of Institute’s Website (http://www.icsi.edu).

2. Click on “Login” button. 3. Enter your User ID (Registration Number / Membership Number) and Password 4. Click on “Login” button 5. Click on “Home” Option and select “Suggestion/Grievances” option 6. Select the Options available as per the nature of your query and enter the details 7. Click on the “Submit” button

Alternatively, the grievances may be sent at E-Mail Id : [email protected].


mailto:[email protected]


UPDATES /NOTIFICATIONS FROM THE INSTITUTE ARE NOW AVAILABLE ON SOCIAL NETWORKING SITES

Students can now visit the webpage of the Institute on the following Social networking sites to get details regarding various notifications and updates of the Institute.

1. Facebook

2. Twitter

Click on appropriate links on home page of ICSI website to get access to these webpages.

https://twitter.com/indiacs

https://www.facebook.com/ICSI

APPLICATION FOR SCHOLARSHIPS THROUGH NATIONAL SCHOLARSHIP PORTAL

(www.scholarship.gov.in)

As the students may please be aware, a Single Window National Scholarship Portal has been created by Government of India for managing the various scholarship schemes. Please note that the Code No. allotted to the Institute is “9” and students who have already applied through any other code (For example 45022) are advised to re-submit the request as per procedure given at the following link at the website of the Institute www.icsi.edu by selecting Institute’s Code No. 9. https://www.icsi.edu/Docs/Website/APPL_FOR_SCHOLARSHIPS_THROUGH_NATIONALSCHOLARSHIPPORTAL.pdf

ATTENTION STUDENTS! DEDUCTION OF 30% OF THE TOTAL FEE REMITTED BY THE APPLICANT IN RESPECT OF

REGISTRATIONS LYING PENDING FOR MORE THAN A YEAR

The Institute has decided to reject the applications of such students who do not submit the documents within one year after their registration in foundation and executive programme by deducting 30% of the fee remitted by them towards administrative charges after expiry of one year. Therefore it is advised that all such students may submit their documents in the stipulated time period failing which their registration applications would be rejected.

STUDY CENTERS

ICSI is setting up Study Centres in cities/ locations where the Regional/ Chapter Office of the Institute does not exist to facilitate the students.

For details kindly visit the following link. https://www.icsi.edu/docs/website/Study%20Centre.xlsx

https://twitter.com/indiacs

https://www.facebook.com/ICSI



Schedule of Submission of Examination Form & Requests for Changes in Examination Enrollment Status pertaining to

June, 2016 Session of Examinations

Students desirous of appearing in June, 2016 Session of CS Foundation Programme Examinations may please note that the last dates for submission of online examination form & changes thereof are as under : -

Particulars Last Date

Submission of examination form and fee for appearing in Foundation Programme (Computer-based) Examinations without late fee

25th March, 2016

Submission of examination form and fee for appearing in Foundation Programme (Computer-based) Examinations with Late Fee of Rs.250/-

9th April, 2016

Change of Examination Centre(*) 17th May, 2016 (Upto 16:00 Hours)

(*) The online facility for submission of requests for change in Examination Centre will be activated from 10th April, 2016 onwards.

***


Examination

1. COMPUTER BASED EXAMINATION (CBE), JUNE 2016

The next Computer Based Examination (CBE) for Foundation Programme scheduled in June, 2016 will be held on Saturday, the 4th June, 2016 and Sunday, the 5th June, 2016 as per the following Examination Time-Table and Programme :

Day and Date

of Examination

Subjects

Batch

No.

Examination Timings From To

Saturday,

4th June, 2016

Paper -1

Paper-2

Business Environment and Entrepreneurship

AND

Business Management, Ethics and Communication

I 9.30 A.M. 11.00 A.M.

II 12.00 Noon

1.30 P.M.

III 2.30 P.M. 4.00 P.M.

IV 5.00 P.M. 6.30 P.M.

Sunday

5th June, 2016

Paper-3

Paper-4

Business Economics

AND

Fundamentals of Accounting and Auditing

I 9.30 A.M. 11.00 A.M.

II 12.00 Noon

1.30 P.M.

III 2.30 P.M. 4.00 P.M.

IV 5.00 P.M. 6.30 P.M.

*Allotment of time-slot to each student will be made by the Institute and no request for change of time-slot will be entertained in this regard.

2. EXAMINATION CENTRES FOR COMPUTER BASED EXAMINATION – JUNE, 2016

The Computer Based Examination for Foundation Programme scheduled in June, 2016 shall be conducted at 111 examination centers, viz., 1. Agra, 2. Ahmedabad, 3. Ahmednagar, 4. Ajmer, 5. Akola, 6. Allahabad, 7. Alwar, 8. Amravati, 9. Ambala, 10. Aurangabad, 11. Bangalore, 12. Bareilly, 13. Beawar, 14.Belgaum, 15. Bhayander, 16. Bhilai, 17. Bhilwara, 18. Bhopal, 19. Bhubaneswar, 20. Bikaner, 21. Bilaspur, 22. Calicut, 23. Chandigarh, 24. Chennai, 25. Chittorgarh, 26.Coimbatore, 27. Dehradun, 28. Delhi (East), 29. Delhi (North), 30. Delhi (South), 31. Delhi (West), 32. Dhanbad, 33. Ernakulam, 34. Faridabad, 35. Gandhinagar, 36. Ghaziabad, 37. Gorakhpur, 38. Guntur-Amaravati 39.Gurgaon, 40. Guwahati, 41. Gwalior, 42.Hisar, 43. Hooghly, 44. Howrah, 45. Hubli-Dharwad, 46. Hyderabad, 47. Indore, 48. Jabalpur, 49. Jaipur, 50. Jalandhar, 51.Jalgaon, 52. Jammu, 53.Jamnagar,54. Jamshedpur, 55. Jhansi, 56. Jodhpur, 57. Kanpur, 58. Kolhapur, 59. Kolkata (North), 60. Kolkata (South), 61. Kota, 62. Kottayam, 63. Lucknow, 64. Ludhiana, 65. Madurai, 66. Mangalore, 67. Meerut, 68. Mumbai (CG), 69. Mumbai (GTK), 70. Mumbai (JOG), 71. Mysore, 72. Nagpur, 73. Nashik, 74. Navi Mumbai, 75


Noida, 76 Pali, 77. Panaji, 78. Panipat, 79. Patiala, 80. Patna, 81. Pimpri-Chinchwad, 82. Puducherry, 83. Pune, 84. Raipur, 85. Rajkot, 86. Ranchi, 87. Rohtak 88. Rourkela, 89. Sagar, 90. Salem, 91. Satara, 92. Shimla, 93. Sikar, 94. Siliguri, 95. Sonepat, 96. Srinagar, 97. Surat, 98 Surendranagar 99Thane, 100. Thiruvananthapuram, 101. Thrissur, 102. Tiruchirapalli, 103.Tumkur 104. Udaipur, 105. Ujjain, 106. Vadodara, 107. Varanasi, 108. Vijayawada, 109. Visakhapatnam, 110. Yamuna Nagar and 111. Overseas Centre — Dubai.

NOTES: 1. Guntur-Amaravati (Andhra Pradesh); Surendranagar (Gujarat) are on Experimental Basis.

2. The Institute reserves the right to withdraw any centre at any stage without assigning any reason.

3. Please note that no request for change of examination venue will be entertained in respect of a particular city, where multiple examination venues exist.

3. ANNOUNCEMENT REGARDING ‘MERIT SCHOLARSHIP’ AND ‘MERIT-CUM-MEANS ASSISTANCE’ IN RESPECT OF DECEMBER, 2015 EXAMINATIONS.

ATTENTION STUDENTS APPEARED IN DECEMBER, 2015 EXAMINATIONS

The Institute awards “Merit Scholarships” and “Merit-cum-Means Assistance” to students for pursuing Executive Programme and Professional Programme on the basis of their meritorious performance in the examinations and on merit-cum-need basis on their passing Foundation Programme and Executive Programme examinations respectively, as per the criteria stipulated under the “Merit Scholarship (Company Secretaryship Course) Scheme, 1983” and “Merit-cum-Means Assistance (Company Secretaryship Course Scheme), 1983”.

MERIT SCHOLARSHIP

In pursuance of para 7 of the “Merit Scholarships (Company Secretaryship Course) Scheme, 1983, 25 numbers of scholarships are awarded each for Executive Programme and Professional Programme Course per session only to registered students, purely in order of merit, from amongst the candidates who appeared and passed in all the subjects of their respective examination, at first attempt, in one sitting, without claiming exemption in any subject, on all-India basis and subject to fulfilling other terms and conditions as stipulated in the said scheme.

Accordingly, students who pass the Foundation Programme/Executive Programme Examination in December, 2015 and fulfill the conditions prescribed under the guidelines are eligible for award of Scholarship.

MERIT-CUM-MEANS ASSISTANCE

In pursuance of para 8 of the “Merit-cum-Means Assistance (Company Secretaryship Course) Scheme, 1983”, 25 numbers of financial assistance are awarded each for Executive Programme and Professional Programme Course per session only to registered students. According to the scheme, a candidate has to apply in the prescribed form which can be downloaded from Institute’s website: www.icsi.edu OR obtained from the Institute free of cost by sending a self addressed stamped envelope, and submit his/her application within a specified date as notified from time to time. Any candidate applying for financial assistance should have passed the Foundation Programme/Both the Modules of Executive Programme Examination, at first attempt, in one sitting, without claiming exemption in any subject. If the candidate is employed or having an independent source of income, in that case his/her income should not be more than Rs. 2,40,000 per annum and if he/she is dependent on his/her parents/guardian/spouse, then the combined income from all sources should not be more than Rs. 3,60,000 per annum and also subject to fulfilling other terms and conditions as stipulated in the said scheme.

A separate notification inviting applications for award of “Merit-cum-Means Assistance” is being published elsewhere in this issue.



4. NOTIIFCATION FOR INVITING APPLICATIONS FOR ‘MERIT-CUM-MEANS ASSISTANCE’ IN RESPECT OF INSTITUTE’S DECEMBER, 2015 EXAMINATIONS


5. GRANT OF FACILITY OF WRITER’S HELP/EXTRA TIME TO PHYSICALLY DISABLED CANDIDATES IN COMPUTER BASED EXAMINATION – JUNE, 2016

Any physically disabled student having a minimum of 40% physical disability or deformity of permanent nature and who wishes to seek writer’s help and/or extra time for the purpose of appearing or writing Company Secretaries June, 2016 examination should make a separate written request therefor mentioning complete details about his/her Name, Student Registration No., Complete Postal Address, Mobile Number, E-mail id, specifying nature and extent (in % term) of his/her permanent disability, etc., to The Joint Secretary (Exams.), The Institute of Company Secretaries of India, C-37, Sector 62, Institutional Area, NOIDA – 201309 (U.P.) in addition to submitting his/her enrolment application for appearing in the examination together with the following supporting documents :

(i) Disability Certificate issued by the Medical Board/Head of Deptt. or Sr. Medical Officer (Specialists) of a Central or State Govt. Hospital certifying the nature (permanent or temporary) and percentage of disability, and its duration affecting his/her writing ability and/or the normal physical functions; and

(ii) Letter of Permission issued to him/her by Sr. Secondary Board/University and/or any other professional/educational examining body, such as – University, UPSC, SSC, State Public Service Commission, Institute of Chartered Accountants of India, Institute of Cost Accountants of India, etc., granting him/her such assistance for appearing or writing the examinations.

Please note that even the physically disabled students, who had earlier been granted facility of Writer’s Help/Extra Time in the previous examination and wish to avail of such concession or assistance for writing the ensuing June, 2016 examinations are required to apply afresh giving reference of such facility granted in the past and making a separate application to The Joint Secretary (Exams.), The Institute of Company Secretaries of India, C-37, Sector 62, Institutional Area, NOIDA – 201309 (U.P.) before the last date for submission of enrolment application for June, 2016 examination. The application for grant of Writer’s Help/Extra Time should not be clubbed with any other query or correspondence.

It is clarified that in case of disablement of temporary nature and injuries like, fracture in the arm, forearm or dislocation of a shoulder, elbow, wrist or any other illness, etc., the candidates are not eligible to seek any concession or assistance of writer/extra time.

Intimation about grant of Writer’s Help/Extra Time is normally sent 15-20 days before the commencement of each examination.


6. ANNOUNCEMENT : OPENING OF NEW EXAMINATION CENTRES AT GUNTUR-AMARAVATI (ANDHRA PRADESH) and SURENDRANAGAR (GUJARAT)

ATTENTION STUDENTS

NEW EXAMINATION CENTRES

FOR CS FOUNDATION PROGRAMME EXAMINATION-JUNE 2016

The Institute is pleased to announce opening of new Examination Centre at the following cities purely on an experimental basis w.e.f. June, 2016 session of examinations onwards:

S. No. City & State Centre Code

1 GUNTUR-AMARAVATI (ANDHRA PRADESH)

322

2 SURENDRANAGAR (GUJARAT) 435

Accordingly, candidates can opt for new examination centre at the aforesaid city(ies) while enrolling for June, 2016 examinations.

7. WARNING AGAINST UNFAIR MEANS - DECEMBER, 2015 EXAMINATION

While considering matters concerning conduct of Institute’s December, 2015 Examinations, the Examination Committee of the Council of the Institute found the following candidate guilty of adopting of unfair means in the Computer Based Examination for Foundation Programme, December, 2015 :

Sl.No. Roll Number Student Registration Number Stage of Examination

1. 202110 215982264703/2015 CBE for Foundation Programme

Accordingly, the Committee – (a) cancelled the result of the candidate in respect of his appearance in CBE December, 2015 and; or (b) debarred the candidate from appearing in the next session of examination i.e. June, 2016.

The Committee further observed that such an unbecoming behaviour was not befitting the aspirants intending to join the profession of ‘Company Secretaryship’ and, therefore, any such attempt to indulge in unfair practice by the examinee shall be viewed seriously.

Sd/-

(Dr. S K Dixit) Joint Secretary

8. All India Rank List – JUNE, 2015

LIST OF FIRST 25 TOP RANKERS WHO HAVE PASSED ALL PAPERS OF FOUNDATION PROGRAMME

COMPUTER BASED EXAMINATION EXAMINATIONS WITHOUT EXEMPTION IN ANY PAPER, IN ONE SITTING,

IN JUNE , 2015 :

ALL INDIA MERIT LIST

S. NO. RANK ROLL NO REGISTRATION NONAME OF THE CANDIDATE

EXAMINATION: FOUNDATION PROGRAMME

112086 414981350409/2014SHRUTI MANISH DESAI 1 1

104972 214981651406/2014HARKIRAN KAUR CHAWLA 2 2

112080 414981300908/2014KARTIKI MAHESH TULASKAR 2 3

111928 414981045205/2014RAVI RAJENDRA JALAN 3 4

112804 414981369209/2014AMBARISH DEEPAK SHINTRE 3 5

113515 414980567103/2014PRATYUSH JYOTI SARMAH 3 6

110031 414981119706/2014DHAVAL DHIRAJBHAI CHAUDHARI 4 7

103096 214981974409/2014SAIF ALI 5 8

107368 314980319208/2014ABIJAH NARESH JUMANI 5 9

112198 414981067406/2014HARSH MAHENDRA VIRA 5 10

114596 414981358809/2014MITALI MUKUND KULKARNI 5 11

115589 414981298208/2014HAKIMUDDIN HAKIMI 5 12

100372 114980471507/2014SWETA SINGH 6 13

102220 214981861908/2014ALIMNA ALAM 6 14

115004 414981068406/2014SURAJ MAHESHLAL POPTANI 6 15

101354 114980463306/2014NEHA AGARWAL 7 16

104162 214981752907/2014PRIYAM MITTAL 8 17

108220 314980420909/2014V. RAM KUMAR 8 18

110291 414981038704/2014DEEPSHIKHA RAKESH MISHRA 8 19

104364 214991705607/2014HARSHITA SARRAF 9 20

106703 214981928609/2014SHIVANGI SHARMA 9 21



107330 214981769507/2014SNEHA RANA 9 22

110624 414981388709/2014ANUSHKA JAIN 9 23

112294 414981465509/2014PRATHAMESH ARUN NERULKER 9 24

112472 414981384109/2014SAIRAM ANKUSH MAJGAONKAR 9 25

114052 414991330309/2014SARDA PRACHI BHARAT 9 26

104164 214981754007/2014SHRUTI TEKRIWAL 10 27

107951 314980283606/2014S. SAI GAYATRI 10 28

107997 313590758603/2013PRANAV K R 10 29

108284 314980474009/2014NANDINI MENON 10 30

112233 414981255608/2014GIBIN MATHEW JOY 10 31

113126 414981194807/2014SHWETA ASHOK BORATE 10 32

113633 414981125806/2014AMIT BAHADURBHAI RAJWANI 10 33

114256 414981037204/2014ROHIT SURESH KULKARNI 10 34

103488 214981650006/2014HEENA ARORA 11 35

106913 214981908709/2014ANANYA SALUJA 11 36

109598 314980282206/2014ASWATHY ANAND 11 37

109899 414980544103/2014KISAN HARESH PATEL 11 38

110679 414981286708/2014SWECHCHHA SIYAR 11 39

111531 414981291008/2014STUTI VIJAY SHAH 11 40

102832 214981833708/2014NUPUR JOSHI 12 41

104618 214981655806/2014RAJAT MANGLANI 12 42

106430 214981914409/2014TANIYA PUNJABI 12 43

110313 414981326309/2014DISHA NARESH NARYANI 12 44



112287 414981381709/2014KOMAL SAMINDER PANWAR 12 45

114063 414991046205/2014BHAKTI MANOJ PECHIWALA 12 46

101901 414991338809/2014SHUBHI KISHORE 13 47

107086 214992106309/2014ARPIT JAIN 13 48

110715 414981032204/2014RAHUL GOSWAMI 13 49

112279 414981257408/2014SONALI DEVENDRA DAVE 13 50

114804 414981275508/2014PURVA PAWAN SHARMA 13 51

101855 214981677706/2014RIYA GARG 14 52

102598 214981813208/2014AYUSHI VERMA 14 53

103381 414981405209/2014UDITA SINGH 14 54

105205 214991678506/2014HIMANSHU DUBEY 14 55

106129 214982070509/2014AMAN BISHT 14 56

106356 214981648006/2014BHAWNA 14 57

107871 314980393609/2014NEERAJ BHAT 14 58

111778 414981167907/2014BARKHA DEEPAK HINDUJA 14 59

112006 414981109506/2014AANCHAL KAUR RAJINDER SINGH NAGPAL 14 60

112289 414991418309/2014DEEPIKA UDAY GHAGARE 14 61

113338 414981255308/2014SURAJ RATANLAL AGARWAL 14 62

100542 114990496808/2014MOBINA SARWAR 15 63

103081 214982035909/2014SUNDEEP CHAUDHARY 15 64

104485 214982097609/2014SAMYAK JAIN 15 65

105160 214981672306/2014NAYANIKA MAJUMDAR 15 66

106556 214981900409/2014RIYA KWATRA 15 67



107642 314980340208/2014VARUN SHEKAR 15 68

108764 314980345208/2014RASIKA JHAWAR 15 69

110027 214981663706/2014HASHIM ALI ALI ASGER BEGDADI 15 70

110335 414981166707/2014AAKANSHA JAIN 15 71

111083 414981128206/2014ASTHA MANOJ JAIN 15 72

112763 414991137206/2014SUMEET DEEPAK SHARMA 15 73

113232 414981248208/2014PRITIKA UDAY SHETTY 15 74

113390 414981454409/2014SUMIT MUKESH AGRAWAL 15 75

114189 414981062606/2014TANVI JAYANT BHAT 15 76

102207 214981981009/2014KHUSHBOO GUPTA 16 77

102316 214981818608/2014MOKSH GARG 16 78

103582 214981946209/2014SHUBHIE MAHESHWARI 16 79

104163 214981753807/2014PRINCY KHETAN 16 80

105832 214981831608/2014YAKUTA ASGARALI RATLAMI 16 81

107108 214981808208/2014KRITIKA GADIYA 16 82

107428 314980294607/2014B R ASHITHA 16 83

107461 214981831308/2014MANSI SINGHAL 16 84

109882 414981065706/2014PREETI RAJESH DIXIT 16 85

111156 414981401909/2014SOMESH NAVIN LUND 16 86

112465 414981446709/2014SAKET CHANDRAKANT KARIWALA 16 87

114005 414981481109/2014SWARA PRATEEK SHAH 16 88

114475 414981360909/2014SUNITA NARANBHAI GOHIL 16 89

101280 114980583309/2014NIKITA GOYAL 17 90



101289 114980491208/2014VARNEETA CHETTRI 17 91

103286 214981760507/2014PRACHI JAIN 17 92

103518 214981606504/2014BHAVYA MAGGU 17 93

104251 214981965809/2014ANKITA AGARWAL 17 94

106856 214981798108/2014YOGITA DAGA 17 95

107124 214981882008/2014MANISHA JAIN 17 96

108353 314980406609/2014UDDHAV KAMATH A 17 97

108850 314980291407/2014M VENKATA SURYA KALYAN 17 98

108962 314980393209/2014S.MEENA 17 99

109911 414981495309/2014ISHMEET KAUR GURMEET SINGH KHEDA 17 100

110290 414981390609/2014AAKRITI BHATNAGAR 17 101

111165 414981044505/2014SANOSH KAYOMARS DOOMASIA 17 102

111683 414981259708/2014SHRADDHA DINESH SHAH 17 103

113303 414981193707/2014SHUBHAM PRAKASH BARAD 17 104

114077 414991160207/2014RIYA BAFNA 17 105

100891 114980492908/2014TANU PRIYA 18 106

100972 114980497508/2014ASTHA SHRIVASTAVA 18 107

101422 114980497108/2014MANJARI BAGRI 18 108

102494 214981798608/2014PANKAJ KUMAR 18 109

102715 214981836408/2014MUSKAN AGARWAL 18 110

102717 214981761607/2014SAKSHI JAIN 18 111

104025 214981960109/2014AARTI 18 112

105935 214992106809/2014NEHA 18 113



106740 214981978009/2014GARIMA PIPLANI 18 114

108379 314980348008/2014RANGANATHAN PRASAD 18 115

108759 314980352408/2014NIDHI CHAWAN 18 116

109950 214981630705/2014PRANJUL GOGAD 18 117

110834 414981375209/2014PUNEET KUMAR AGNIHOTRI 18 118

111411 414981217307/2014HIRAL BHARAT KAKADIYA 18 119

111572 414981085906/2014MANALI CHANDRAMOHAN KOKATE 18 120

111592 414991322209/2014REEMA UMESH GUPTA 18 121

112866 414981129206/2014DIKSHA JANI 18 122

112951 414981464409/2014SHIKHA SUNIL GUPTA 18 123

113572 414981156807/2014MOHIT ANILBHAI ADESARA 18 124

114050 414981352309/2014CHARU SONI 18 125

100397 114990522008/2014SUCHARITA DUTTA 19 126

100462 114980485307/2014SMRITI SAXENA 19 127

101573 214981611704/2014UDIT JAIN 19 128

103592 214982053209/2014ROSHANI SIMRAN 19 129

104707 214981891708/2014PRIYANKA CHANDAK 19 130

104754 214981855908/2014ITISHA KHANDELWAL 19 131

105479 214982000209/2014DEVERSHI GUPTA 19 132

105747 214981994609/2014RAVITANAYA RATNOO 19 133

106380 214982031209/2014MUSKAN ARORA 19 134

107134 214981599304/2014RAJESH MEHTA 19 135

107703 314980385309/2014SWETHA RAMAMURTHY 19 136



109862 414981251108/2014SHIVANGI SUBHASHCHANDRA TRIPATHI 19 137

109879 414981473009/2014MANINI ASIT MEHTA 19 138

109936 414991259408/2014ZEEL MILAN KANSARA 19 139

110782 414981279008/2014JAYESH WADHWANI 19 140

111072 414981127406/2014DHVANI VIMAL JAIN 19 141

111841 414981410709/2014SRUSHTI TUSHAR SANGHVI 19 142

112142 414981455709/2014ISHITA SHAILESH DESAI 19 143

112564 414991323409/2014BHAVIKA RAJIV CHOPDA 19 144

112729 414981403709/2014SHREYAS HARSHAWARDHAN MARATHE 19 145

113143 414981200307/2014ATHARVA SUNIL JAVALEKAR 19 146

113812 114980447904/2014ARCHI AGRAWAL 19 147

113913 114980321003/2014MUKESH KUMAR TOLANI 19 148

100864 114990525709/2014MEGHA AGARWAL 20 149

101179 114980493608/2014SURBHI KUMARI SINGH 20 150

101560 214981993709/2014SRASHTI SAXENA 20 151

102987 214981824508/2014DIVYA YADAV 20 152

102997 214981981909/2014K NIDHI MOHAN 20 153

103169 214981720107/2014RISHABH SUROLIA 20 154

103210 214981662606/2014KOMAL 20 155

104563 214981696807/2014KESHAV PAREEK 20 156

104745 214991613304/2014SONALI VYAS 20 157

106615 214981757007/2014KRITIKA BANG 20 158

107466 314980339908/2014SPARSH GANJOO 20 159



108065 314980447209/2014AVANTHIKA NAKKEERAN 20 160

108174 314980456309/2014NIVETHA VENI KUMAR 20 161

108600 314990323508/2014RIYA P G 20 162

109298 314980270505/2014VINOTHKUMAR.V 20 163

109967 414981209707/2014SACHIN PANKAJBHAI SHAH 20 164

110965 414981250108/2014SHRUTI TAPAN LAKHANI 20 165

112068 414981123906/2014DHRUTI GIRISH UPADHYAY 20 166

112441 414981494009/2014RAHUL MICKEY SIBAL 20 167

113025 414981320309/2014SHALAKA DEVENDRA SHET 20 168

113866 114980479307/2014POOJA AGRAWAL 20 169

113932 414981072006/2014RITIKA AVDHESH MISHRA 20 170

115134 414980785203/2014RAHUL SAHU 20 171

115295 414981487009/2014VEDANT VIVEK MEHTA 20 172

100070 114980550709/2014PRATYUSH SINGH 21 173

100463 114980454305/2014ARATRIKA DEB 21 174

101650 214981495803/2014TWINKLE JAISWAL 21 175

102038 214981849908/2014PALLAVI KAPOOR 21 176

102901 214981803908/2014SOUPARNIKA KRISHNAN 21 177

104358 214981663006/2014SANCHI NAHATA 21 178

104578 214981924209/2014CHANAKYA SHARMA 21 179

105438 214981723607/2014SAMARTH GOEL 21 180

106410 214981889308/2014HEMCHAND RASTOGI 21 181

106557 214981850208/2014SNEHA AGARWAL 21 182



106939 214981777508/2014TANYA BERIWALA 21 183

107741 214981979409/2014SHREY TANGRI 21 184

107855 314980280306/2014VISHAL ARUN LALWANI 21 185

108964 314980406509/2014S.PREETHI 21 186

110872 414981401409/2014SAURAV JAIN 21 187

110873 414981407809/2014SURAJ GUPTA 21 188

111096 414981263708/2014PRARTHANA ANIL GEHI 21 189

112300 414981045505/2014NAFIS AHAMED SHAIKH 21 190

114278 414981172607/2014AISHWARYA SHIVARAMAKRISHNAN IYER 21 191

114445 414981275408/2014ROSHNI PAHILAJ SACHDEV 21 192

114724 414981266108/2014CHETAN SHYAMLAL CHANDWANI 21 193

102364 214981957809/2014VIJIT JUNEJA 22 194

103789 214981935409/2014RAJAT JINDAL 22 195

104243 214981816208/2014NIKITA PAREEK 22 196

105649 214982067509/2014SHIVAM GOEL 22 197

108576 314980277006/2014NATASHA 22 198

109987 414981064206/2014SUNIL PRATAPBHAI KHATIK 22 199

110028 214981664106/2014HUSSAIN ABBAS ALI SAGWADIYA 22 200

110137 414981043005/2014BANSI MANISH KARIA 22 201

110381 414981433209/2014SHUBHAM SAXENA 22 202

110735 414981277108/2014MOHD HASSAN 22 203

111169 414981078306/2014ROSEANN SABINA BRAGANZA 22 204

111681 414991499309/2014AANCHAL VINOD BAKSHI 22 205



111842 414991178207/2014AKSHAYA ANIL DALVI 22 206

111948 414981306508/2014ARIJIT BANERJEE 22 207

112241 414981285908/2014MANVI DAMLE 22 208

112250 414980827103/2014AASHI ARUN SIROHIWALA 22 209

113039 414981295608/2014TANVI ANANT GARATY 22 210

113256 414980780003/2014SAMRUDDHI SATISH KHATAVKAR 22 211

114009 414981472809/2014JEENAL RAMESHKUMAR SHAH 22 212

114591 414981340009/2014PRIYANKA SUDHAKAR PALAN 22 213

114824 414981135307/2014KAJAL DEEPSH CHAUHAN 22 214

100754 114980576009/2014JAGRITI DOSI 23 215

100870 114980471107/2014CHANDAN KESHRI 23 216

101707 214981959409/2014BUSHRA HABIBI 23 217

103611 214982063809/2014HIMANSHI 23 218

103974 214981901009/2014PULKIT THAREJA 23 219

104880 214991790208/2014MALTI DEVI 23 220

104901 214981653406/2014ANAMIKA CHAUHAN 23 221

104949 214981879108/2014AYUSHI AGRAWAL 23 222

105156 214981611004/2014ANSHIKA GUPTA 23 223

105626 214981223603/2014NIKHIL ISSAR 23 224

107057 214981914509/2014KARAN KUMAR 23 225

107112 214981766407/2014HARSHITA SINGHAL 23 226

107891 314980297807/2014RAHUL JAIN 23 227

108585 314980329508/2014SREELAKSHMI UNNI 23 228



109554 314980149603/2014KRISHNAPRIYA UDAYASANKAR 23 229

109612 314980284306/2014SWETHA RAJ 23 230

110233 414981125906/2014MANISHA MADHUSUDAN ADAK 23 231

110458 414981213107/2014AYUSHI SONI 23 232

110635 414981461909/2014SHIMUL ROY 23 233

111691 414991501109/2014KARISHMA UJWAL KARNIK 23 234

111787 414981131507/2014HIRAL VASANT BHANUSHALI 23 235

112087 414981424409/2014SWATI SASHIDHARAN WARRIER 23 236

112545 414981261008/2014RAVINA DEWANAND KEWLANI 23 237

112560 414981257608/2014SHIVALI JAIN 23 238

112658 214981901109/2014SANYUKTA SRIVASTAV 23 239

112705 214981889008/2014HARSHIT ADWANI 23 240

114132 414981450509/2014ADITI VIVEK KORGAONKAR 23 241

114607 414981356709/2014VINAL VASANT GANATRA 23 242

114671 414981286208/2014AISHWARYA PRAMOD THAKUR 23 243

115083 414981428709/2014PRAVIN YASHWANT PATIL 23 244

115231 414981412009/2014SHEETAL PRADEEP DUBEY 23 245

100433 114980508508/2014RICHITA DUTTA 24 246

100457 114980383303/2014SOHAM S GOENKA 24 247

102747 214981804308/2014LAKSHAY SETHI 24 248

102831 214981985609/2014PASHMINA UBEROI 24 249

102871 214981905109/2014GANGESHWAR YADAV 24 250

103384 214981964809/2014PREETI BUCHA 24 251



104406 214981647406/2014SALONI GUPTA 24 252

104703 214981990709/2014PRIYA KAKRA 24 253

104950 214981833308/2014PRIYA KYAL 24 254

104971 214981596104/2014MONIKA MAKHIJA 24 255

105877 214981703707/2014VISHAL SANJAY SETHIYA 24 256

106073 214981926809/2014GARIMA GAMBHIR 24 257

107014 214981850708/2014KAJOL PATHAK 24 258

107168 214981910709/2014CHANCHAL SHARMA 24 259

107604 314990356308/2014ROSHNI MENON 24 260

107618 314980458109/2014AYUSSHI AGARWAL 24 261

108656 314980277406/2014RASHMITHA KILLAMSETTY 24 262

109184 314980326208/2014ARJUN SHETTY 24 263

109746 414981057406/2014SURBHI RUSHIKUMAR SOLANKI 24 264

109804 414981344709/2014PALAKBEN BALVANTBHAI PATEL 24 265

109841 414981028104/2014KANGANA MEHULKUMAR TRIVEDI 24 266

110412 414981433009/2014ATUL CHAWLA 24 267

110587 114980459306/2014DEEPA SINGH 24 268

111213 414981433509/2014PRAYUSHI MAYUR KAPADIA 24 269

111425 414981363209/2014GAUTAMI SATYASAI KONTETI 24 270

111994 414991500209/2014VARSHA ASHOK JAIN 24 271

112096 414981352509/2014MITTAL JAGDISH CHACHA 24 272

112182 414981202307/2014MILIND KUMAR VED 24 273

112683 414981471209/2014PRIYA ASHOK AGRAWAL 24 274



113860 114980584109/2014BHAVANA AGARWAL 24 275

114353 414981133807/2014VIJAYA VILAS SHENDE 24 276

115158 414981214607/2014DILIP SHUJKLA 24 277

100609 114980496108/2014KUNAL DEY 25 278

101205 114980507608/2014AYUSH JAIN 25 279

101497 214981620304/2014AKANSHA GUPTA 25 280

102198 214981925109/2014KAMAKSHI MEHRA 25 281

102312 214981847108/2014YATHARTH 25 282

102564 214981730507/2014ROSHAN PANDEY 25 283

103200 214981727107/2014AAKANKSHA RAJPUT 25 284

104935 214991729607/2014EISHA GUPTA 25 285

105035 214991707907/2014YASH TIWARI 25 286

106110 214981754507/2014KAMAKSHA SAIN 25 287

106212 214981249403/2014PRACHI KHANDELWAL 25 288

106336 214992003509/2014RICHA SHARMA 25 289

106642 214982036209/2014ANCHAL JAIN 25 290

107487 314980375009/2014TRISHA RAMESH 25 291

107529 114980584909/2014AYUSHI DWIVEDI 25 292

107631 314980307807/2014SANDRA MERIN GEORGE 25 293

107990 314980318908/2014KRITHIKA SRIDHAR 25 294

108282 314990478909/2014POOJA JAYAKUMAR 25 295

108294 314980259604/2014SURABHI RANKA S 25 296

108631 314980338008/2014VIKNESH RENJIT 25 297



110152 414981072806/2014RADHIKA KIRIT PATEL 25 298

110936 414991137707/2014MUDIT MAHESHWARI 25 299

111669 414991137307/2014SURAJ HEMANT BHADRA 25 300

111682 414991314008/2014APARNA VIJAY LUSTE 25 301

112543 414981331109/2014VAIKHAREE NILAY CHAUTHAIWALE 25 302

112651 414981438209/2014KIRAN THAWARDAS WAGHWANI 25 303

112655 414991342009/2014SHREYA AJAY AGRAWAL 25 304

113042 414981395109/2014KUMARI NEHA 25 305

115102 414981096806/2014NAINA GUPTA 25 306


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CS FOUNDATION COURSE

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