THE INSTITUTE OF COMPANY SECRETARIES OF INDIA …...NOTICE Dear Member, NOTICE is hereby given that...

ANNUAL REPORT: 2018-19

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA

EASTERN INDIA REGIONAL COUNCIL

CS Rajesh Chura : Chairman CS Priyadarshi Nayak : Vice Chairman CS Anil Kr. Dubey : Secretary CS Rajesh Mittal : Treasurer CS Biman Deb Nath : Member CS Sudhir Kr. Banthiya : Member CS Deepak Kr. Khaitan : Ex-officio Member CS Siddhartha Murarka : Ex-officio Member Shri D Bandopadhyay : Co-opted Member Regional Director (ER), MCA

EASTERN INDIA REGIONAL OFFICE

Shri DVNS Sarma Regional Director Ms Rukmani Nag Executive Assistant Shri S Sreejesh Assistant Director Ms Uma Banik Joarder Executive Assistant Shri Gautam Mullick Assistant Director Shri B M Mali Junior Ex. Assistant Shri Tamal Kar Assistant Director Shri Mukesh Ojha Desk Assistant Shri Alok Kumar Executive (Admin) Shri Bipin Choudhary Senior Office Assistant Shri Goutam Barman Office Assistant

STATUTORY AUDITORS INTERNAL AUDITORS

M/s. H. R. Agarwal & Associates

Chartered Accountants M/s. R. K. Kankaria & Co. Chartered Accountants

REGIONAL OFFICE

"ICSI-EIRC House" 3A, Ahiripukur 1st Lane, Kolkata 700 019

Telephones: 2283 2973, 2290 1065, 2290 2178, 2290 2179, 2281 6541 Fax: 033-2281 6542, E-Mail: [email protected];

mailto:[email protected]

NOTICE

Dear Member,

NOTICE is hereby given that 39th Annual General Meeting of the Members of Eastern

India Regional Council of The Institute of Company Secretaries of India will be held on

20th July, 2019 at 5:30 PM at ICSI-EIRC House, 3A, Ahiripukur 1st Lane, Kolkata – 700

019 to transact the following business:

1. To Consider and adopt the Report of the Eastern India Regional Council of The

Institute of Company Secretaries of India for the financial year ended 31st March,

2019 and the Income and Expenditure Account for the financial year ended 31st

March, 2019 along with Balance Sheet as on that date together with the Auditor’s

Report.

2. To appoint Auditors and to fix their remuneration for the F. Y. 2019-2020

For & on behalf of

Eastern India Regional Council of

The Institute of Company Secretaries of India

Sd/-

Date: 29th June, 2019 CS Anil Kr. Dubey

Place: Kolkata Secretary, EIRC of ICSI

REPORT OF EASTERN INDIA REGIONAL COUNCIL OF


FOR THE YEAR ENDED 31ST MARCH, 2019

Dear Members,

In pursuance of the requirement of Regulation 132 of the Company Secretaries

Regulation, 1982, the Institute of Company Secretaries of India, Eastern India Regional

Council (ICSI-EIRC) has pleasure in presenting the Audited Statements of Accounts,

the Auditor’s Report thereon and the Report of the Eastern India Regional Council of

The Institute of Company Secretaries of India for the financial year ended 31st March,

2019.

I. EASTERN INDIA REGIONAL COUNCIL (19.01.2019 to 18.01.2020)

CS Rajesh Chura : Chairman

CS Priyadarshi Nayak : Vice Chairman

CS Anil Kr. Dubey : Secretary

CS Rajesh Mittal : Treasurer

CS Biman Deb Nath : Member

CS Sudhir Kr. Banthiya : Member

CS Deepak Kr. Khaitan : Ex-officio Member

CS Siddhartha Murarka : Ex-officio Member

Shri D. Bandopadhyay : Co-opted Member

[Regional Director (ER), MCA]

II. COMMITTEES:

ICSI-EIRC constituted the following Committees to look after various functions of ICSI-

EIRC for the year 2019-2020. The consolidated list of the constituted Committees are

as follows:

Name of the Committee Chairman of the Committee

BUILDING COMMITTEE CS RAJESH CHURA

CSBF COMMITTEE CS SIDDHARTHA MURARKA

CAP COMMITTEE CS BIMAN DEB NATH

CHAPTERS’ COORDINATION COMMITTEE CS BIMAN DEB NATH

FINANCE COMMITTEE CS RAJESH CHURA

IT COMMITTEE CS ANIL KUMAR DUBEY

LIBRARY, RESEARCH & STUDY CIRCLE

COMMITTEE

CS RAJESH MITTAL

NEWSLETTER COMMITTEE CS RAJESH CHURA

PCS COMMITTEE CS PRIYADARSHI NAYAK

PLACEMENT COMMITTEE CS ANIL KUMAR DUBEY

PR & CORPORATE COMMUNICATION

COMMITTEE

CS RAJESH CHURA

PROFESSIONAL DEVELOPMENT

COMMITTEE

CS ANIL KUMAR DUBEY

PURCHASE COMMITTEE CS RAJESH CHURA

TEFC COMMITTEE CS RAJESH CHURA

III. ABOUT US:

The Eastern Region of ICSI comprises of total 8 (Eight) Chapters namely, Bhubaneswar

(Odisha), Dhanbad (Jharkhand), Hooghly (West Bengal), Jamshedpur (Jharkhand),

North-Eastern (Guwahati, Assam), Patna (Bihar), Ranchi (Jharkhand), Siliguri (West

Bengal) and the Regional Office at Kolkata(West Bengal). Through these eight Chapter

offices and the Regional office, EIRC of ICSI serves the members and students of 12

(twelve) states of India.

The Office Bearers (for the year 2019) of these eight Chapters under EIRC are:

Bhubaneswar Chapter:

Chairman: CS Soumya Sujit Mishra

Vice-Chairman: CS Rajendra Kumar Kar

Secretary: CS Jyotirmoy Mishra

Treasurer: CS Prabhat Kumar Nayak

Dhanbad Chapter:

Chairman: CS Pankaj Kumar Singh

Vice-Chairperson: CS Neeta Malhotra (Ms.)

Secretary: CS Roshan Lal Nad

Treasurer: CS Gourav Kumar Agarwal

Hooghly Chapter:

Chairman: CS Rajan Kumar Gupta

Vice-Chairman: CS Amit Khowala

Secretary: CS Shashank Joshi

Treasurer: CS Sunil Kumar Maheshwari

Jamshedpur Chapter:

Chairman: CS Suvinder Singh Dhanjal

Vice-Chairman: CS Ramesh Kumar Singh

Secretary: CS Sikha Naredi (Ms.)

Treasurer: CS Santosh Kumar

North Eastern (Guwahati) Chapter:

Chairman: CS Vikash Kumar Jain

Vice-Chairman: CS Bishal Harlalka

Secretary: CS Kushal Bharat Bagadia

Treasurer: CS Nikhil Jain Gangwal

Patna Chapter:

Chairman: CS Sudhir Kumar

Vice-Chairperson: CS Puja Kasera (Ms.)

Secretary: CS Rachna (Ms.)

Treasurer: CS Prince Kunal

Ranchi Chapter:

Chairman: CS Rohit Prakash Prit

Vice-Chairperson: CS Neha (Ms.)

Secretary: CS Aditya Mohan Khandelwal

Treasurer: CS Aman Poddar

Siliguri Chapter:

Chairman: CS Amit Kumar Agarwal

Vice-Chairman: CS Somnath Ganguly

Secretary: CS Nitin Gupta

Treasurer: CS Manasi Joshi (Ms.)

IV. WORKING OF THE ICSI-EIRC:

FINANCIALS:

For the financial year ended 31st March 2019, the excess of income over expenditure is

Rs. 24,79,016/- as against the excess of income over expenditure of Rs. 48,02,774/- in

last year.

INTERNAL AUDIT:

M/s. R K Kankaria & Co., Chartered Accountants, Kolkata, were the Internal Auditor of

the ICSI-EIRC for the financial year 2018-2019. All the 4 quarterly Internal Audit

Reports for the financial year 2018-2019 along with reply to the observations have been

submitted to the HQ of ICSI.

V. MEMBERS:

The total number of Associate and Fellow Members and Certificate of Practice holders

in the Eastern Region as on 31st March, 2019 are as under:

Particulars As at 31.03.2019 As at 31.03.2018

Associate Members 4425 4244

Fellow Members 711 696

Certificate of Practice holders 1151 1115

CSBF Members 960 945

VI. STUDENTS:

The total numbers of current Students in Foundation Programme and Executive

Programme in the Eastern Region as on 31.03.2019 are as under:

Particulars As on 31.03.2019 As on 31.03.2018

Foundation Programme 3888 3776

Executive Programme 12889 14406

VII. MEMBERS ACTIVITIES:

PARTICIPATION OF REGIONAL COUNCIL MEMBERS AT RCM:

The disclosure of attendance record of Regional Council Members at the Regional

Council Meetings are as follows:

EASTERN INDIA REGIONAL COUNCIL OF


(FROM 01.04.2018 TO 18.01.2019)

Name of the Member No. of Regional Council Meetings

Held

Attended

CS Ashok Purohit

5 5

CS Gautam Dugar 5 3

CS Rupanjana De (Ms.)

5 5

CS Sandip Kr. Kejriwal

5 1

CS Siddhartha Murarka

5 3

CS Sunita Mohanty (Ms.)

5 2

CS Mamta Binani (Ms.)

5 3

CS S. K. Agrawala

5 4

EASTERN INDIA REGIONAL COUNCIL OF


(FROM 19.01.2018 TO 31.03.2019)

Name of the Member No. of Regional Council Meetings

Held

Attended

CS Rajesh Chura

1 1

CS Priyadarshi Nayak

1 1

CS Anil Kumar Dubey

1 1

CS Rajesh Mittal

1 1

CS Biman Deb Nath

1 1

CS Sudhir Kr. Banthiya

1 1

CS Deepak Kr. Khaitan

1 1

CS Siddhartha Murarka

1 1

PROFESSIONAL DEVELOPMENT PROGRAMMES AND OTHER ACTIVITIES:

ICSI-EIRC organized various professional development programmes on current and

relevant topics for the benefit of the members. The list of the various programmes

organized by EIRC from 01-04-2018 to 31-03-2019 is given below:

Date Name of Programme & Topics Venue

STUDY CIRCLE MEETINGS

18.05.2018 Programme on “Ease of Doing Business” ICSI-EIRC House

01.07.2018 Programme on “GST Day” ICSI-EIRC House

18.08.2018 Programme on “Practical Aspects of DIR-3 KYC and

SBO”

ICSI-EIRC House

11.10.2018 Programme on “Simplifying Investor Education

Protection (IEPF) Fund”

ICSI-EIRC House

01.03.2019 Programme on “SEBI/MCA : Dematerialization of

Securities for Listed and Unlisted Companies & Recent

Changes in Companies Act”

ICSI-EIRC House

HALF-DAY WORKSHOPS

21.04.2018 Workshop on “Companies Amendment Act 2017 and

Kotak Committee recommendations accepted by SEBI”

MCCI Conference

Hall, Kolkata

28.04.2018 Workshop on “Indian Accounting Standards” and

“Forensic Audit”

ICSI-EIRC House

26.05.2018 Workshop on “The Companies (Amendment) Act 2017

and Recent Amendments in SEBI (LODR) Regulations

ICSI-EIRC House

22.06.2018 Workshop on “Recently notified SBO Rules and

Restriction of Number of Layers Rules”

ICSI-EIRC House

30.06.2018 Workshop on “Recent Amendments in SEBI (LODR)

Regulations & Companies Act”

ICSI-EIRC House

05.07.2018 Classroom Session “Reading the Book – The

Companies (Amendment) Act 2017 – With Experts”

ICSI-EIRC House

06.07.2018 Classroom Session “Reading the Book – The

Companies (Amendment) Act 2017 – With Experts”

ICSI-EIRC House

07.07.2018 Workshop on “Ethics, Compliance in Directors’ Report

and Stressed Asset” (Jointly with ICC)

ICC Auditorium

21.07.2018 Conference on Corporate Governance (Jointly with ICC) ICC Auditorium,

Kolkata

03.08.2018

& 04.08.2018

Workshop on “Let’s become GST Practitioner” ICSI-EIRC House

11.08.2018 Workshop on “IBC: Law and Procedure & Critical

Analysis of Recent Cases”

ICSI EIRC House

08.09.2018 Interactive Session on “Dynamic Changes in

Compliance Requirements under CA 2013, e-filings

and Precautions” (joint programme with MCCI)

MCCI Conference

Hall, Kolkata

04.10.2018 Workshop on “Issue of Securities in Dematerialized

form; Opportunities in Commodity Derivate Markets

and SBO Rules”

ICSI-EIRC House

27.10.2018 Workshop on “NBFC and FEMA” ICSI-EIRC House

10.11.2018 Workshop on “Companies Amendment Ordinance

2018”

ICSI-EIRC House

24.11.2018 Workshop on “Governance and Compliance

Management”

ICSI-EIRC House

19.01.2019 Workshop on SEBI PIT (Amendment) Regulation, 2018

& Change in Codes and Key Changes in SEBI (ICDR)

Regulations 2018

ICSI-EIRC House

02.02.2019 Workshop on Interim Budget 2019 ICSI-EIRC House

08.03.2019 Workshop on the occasion of International Women’s

Day

ICSI-EIRC House

09.03.2019 Conference on “IBC – Challenges, Learnings and Way

Forward” (jointly with ICC)

ICSI-EIRC House

18.03.2019 Workshop on “PIT Regulations and SBO Rules” ICSI-EIRC House

FULL-DAY SEMINARS

14.04.2018 Practical Training Programme on “Insolvency and

Bankruptcy Code”

ICSI-EIRC House

12.05.2018 Full Day Seminar on “Insight into IBC Updates &

Companies Amendment Act 2017”

The LaLiT Great

Eastern Kolkata

14.07.2018 KMP CONCLAVE : “A Symposium on Quality of

Professional Services”

The Park, Kolkata

26.07.2018 Full Day Training Programme on “Companies

(Amendment) Act 2017 and SBO”

MCCI Conference

Hall

28.07.2018 Mega Programme on the occasion of ICSI Capital

Markets Week

The Gateway Hotel

Kolkata

24.08.2018 Banking Summit 2018 (jointly with ICC) JW Marriott Hotel

Kolkata

22.09.2018 Full Day Seminar on “SEBI (LODR) Regulations, IBC

and GST”

Hotel Kenilworth,

Kolkata

23.02.2019 Full Day Seminar on “Corporate Restructuring and

Stamp Duty, MSME, DPT and Recent Amendments in

Companies Act”

The Lalit Great

Eastern Kolkata

23.03.2019 President Meet with Members & Students and Full Day

Seminar on IBC & Deposit Rules

The Lalit Great

Eastern Kolkata

REGIONAL CONFERENCE OF PRACTISING COMPANY SECRETARIES

16.06.2018 14th Regional PCS Conference JW Marriott,

Kolkata

REGIONAL CONFERENCE OF COMPANY SECRETARIES

12.01.2019 29th Regional Conference of Company Secretaries

Theme – 3Ds : Deliberate, Debate & Document

ITC Sonar, Kolkata

OTHER PROGRAMMES

7.04.2018 Inauguration of Moot Court and Felicitation of

Qualified IPA Professionals

ICSI-EIRC House

13.04.2018 Inauguration of ICSI Haldia Study Centre Haldia Law

College

24.04.2018 National Panchayati Raj Diwas – Meeting with Shri

Subrata Mukherjee, Hon’ble MIC, Panchayat and Rural

Development and PHED, Govt. of West Bengal

Kolkata

21.05.2018 Anti-Terrorism Day Pledge ICSI-EIRC House

12.06.2018 ICSI Convocation (Eastern Region) Auditorium of St

Xavier’s College,

Kolkata

15.06.2018 PCS Day Celebration and Felicitation of Company

Secretaries in Practice for 25years and above

ICSI-EIRC House

21.06.2018 International Day of Yoga Celebration ICSI-EIRC House

01.07.2018 Van Mahotsav Celebration ICSI-EIRC House

07.07.2018 Free Health Check-up and Blood Donation Camp ICSI-EIRC House

22.07.2018 Flag raising Day celebration ICSI-EIRC House

31.07.2018 Foundation Day Celebration ICSI-EIRC House

11.08.2018 National Round of ICSI Elocution Competition ICSI-EIRC House

13.08.2018 Screening of Candidates for the post advertised by

MCA

ICSI-EIRC House

15.08.2018 Independence Day Celebration ICSI-EIRC House

26.10.2018 Induction Programme for Newly registered Students ICSI-EIRC House

03.11.2018 Interaction with Dr. Navrang Saini, Whole time

Director IBBI

ICSI-EIRC House

15, 16, 17, 21,

23 &

24.11.2018

50 Hours Educational Course on Valuation of

Securities or Financial Assets

ICSI-EIRC House

22.11.2018 One Day Contact Programme for 3months Certificate

Course on Certified CSR Professional

ICSI-EIRC House

17.12.2018 ICSI Convocation (Eastern Region) National Library,

Kolkata

26.01.2019 70th Republic Day Celebration ICSI EIRC House

10.02.2019 Saraswati Puja Celebration ICSI-EIRC House

20.02.2019 Prayer Meeting for the Martyr of Pulwama attack ICSI-EIRC House

28.03.2019 Condolence & Prayer Meeting – CS Amit Kr Sen ICSI-EIRC House

30.03.2019 Campus Placement for Members seeking employment ICSI-EIRC House

INVESTOR AWARENESS PROGRAMMES

02.03.2019 Investor Awareness Programme Gour Mohan

Sachin Mandal

Mahavidyalaya,

Bireswarpur, 24

Parganas (S)

15.03.2019 Investor Awareness Programme Siliguri College of

Commerce(Extn

Campus), Siliguri,

Dist-Darjeeling

16.03.2019 Investor Awareness Programme Sree Chaitanya

Mahavidyalaya,

Habra, 24

Parganas (North)

16.03.2019 Investor Awareness Programme Ananda Chandra

College of

Commerce,

Jalpaiguri

REGIONAL COUNCIL MEETINGS

14.04.2018 293rd Meeting of EIRC ICSI-EIRC House

29.05.2018 294th Meeting of EIRC ICSI-EIRC House

07.07.2018 295th (Special) Meeting of EIRC ICSI-EIRC House



15.01.2019 Special Meeting of Newly Elected Members of EIRC ICSI-EIRC House

31.01.2019 298th EIRC Meeting ICSI EIRC House

ANNUAL GENERAL MEETING (AGM)

29.06.2018 38th AGM of EIRC ICSI-EIRC House

83 CAREER AWARNESS PROGRAMMES AND

4 CAREER FAIRS WERE ORGANISED DURING THIS PERIOD.

VIII. STUDENT ACTIVITIES:

ICSI-EIRC organized various training and other educational academic programmes for the

benefit of the students. The list of such programme organised from 01-04-2018 to 31-03-

2019 is given below:

PROFESSIONAL INDUCTION PROGRAMMES (Two Days Programme)

17.07.2018 to

18.07.2018

11th Batch of PIP ICSI-EIRC House

02.01.2019 to

03.01.2019

12th Batch of PIP ICSI-EIRC House

25.03.2019 to

26.03.2019

13th Batch PIP ICSI-EIRC House

PROFESSIONAL E-GOVERNANCE PROGRAMMES (Three Days Programme)

19.07.2018 to

21.07.2018

8th Batch of PEGP ICSI-EIRC House

04.01.2019 to

06.01.2019

9th Batch of PEGP ICSI-EIRC House

27.03.2019 to

29.03.2019

10th Batch PEGP ICSI-EIRC House

PROFESSIONAL SKILL DEVELOPMENT PROGRAMMES (Five Days Programme)

24.07.2018 to

28.07.2018

3rd Batch of PSDP ICSI-EIRC House

08.01.2019 to

12.01.2019

4th Batch of PSDP ICSI-EIRC House

PROFESSIONAL ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES

(Five Days Programme)

31.07.2018 to

04.08.2018

2nd Batch of PEDP ICSI-EIRC House

14.01.2019

to18.01.2019

3rd Batch of PEDP ICSI-EIRC House

EXECUTIVE DEVELOPMENT PROGRAMMES

(Eight Days Programme)

02.07.2018 59th EDP Batch ICSI EIRC House

MANAGEMENT SKILLS ORIENTATION PROGRAMMES

(Fifteen Days Programme)

08.05.2018 to

24.05.2018

128th MSOP ICSI-EIRC House

12.07.2018 to

28.07.2018


12.09.2018 to

28.09.2018


03.01.2019 to

18.01.2019

131st MSOP ICSI-EIRC House

12.03.2019 to

29.03.2019

132nd MSOP ICSI-EIRC House

REGIONAL STUDENTS’ CONFERENCE

06.01.2019 30th Regional Conference of Student Company

Secretaries

Theme – 3Es : Energy, Enthusiasm and Excellence

Rotary Sadan, Kolkata

ORAL TUITION CLASSES:

Oral Tuition Classes for the students of Foundation & Executive Programme were

conducted at ICSI-EIRC House. The total number of students enrolled in different

batches is given below:

Batch Foundation

Programme

Executive

Programme

(Module –I)

Executive Programme

(Module –II)

December 2018

exam batch

29 28 11

June 2019 exam

batch

48 37 17

COMPANY SECRETARIES EXAMINATIONS:

Examinations for the Foundation, Executive and Professional Programmes of the

Company Secretaries were held in the month of June, 2018 & December, 2018 at

different Centres across Kolkata, Asansol & Durgapur. The examination centers were

as follows:

June 2018 Examinations

Executive & Professional

Programme Exam

(from 01.06.2018 to

10.06.2018)

Dumdum Road High School (Govt. Sponsored),

Kolkata

Gyan Bharati Vidyapith, Kolkata

Khalsa High School, Kolkata

Shyam Bazar A V School (Govt. Sponsored), Kolkata

Sir N. N. Girls High School, Kolkata

Foundation Exam

(on 09.06.2018 &

10.06.2018)

Console Management, Kolkata (North)

Integrated Services, Kolkata (South)

RICIS Cognitive Campus, Asansol

NSEIT Limited, Durgapur

December 2018 Examinations

Executive & Professional

Programme Exam

(from 20.12.2018 to

30.12.2018)

Dumdum Road High School (Govt. Sponsored),

Kolkata

Gyan Bharati Vidyapith, Kolkata

Khalsa High School, Kolkata

Shyam Bazar A V School (Govt. Sponsored), Kolkata

Sir N. N. Girls High School, Kolkata

Foundation Exam

(on 29.12.2018 &

30.12.2018)

Moniba Compu Academy Pvt Ltd, Kolkata (North)

Netaji Subhash Engineering College, Kolkata (South)

ITI Raniganj

NSEIT Limited, Durgapur

LIST OF RANK HOLDERS IN DECEMBER 2017 CS EXAMINATIONS [up to 10th

Rank]:

EXECUTIVE PROGRAMME:

In order of merit, out of 10 Top Rank Holders, the position of students of Eastern

Region is as follows:

Rank Name of the Candidate Registration No.

4th AYUSH KEJRIWAL 140146516/08/2015

7th KAMODINEE BHARTIA 140512355/02/2017

8th ABHISHEK JHUNJHUNWALA 140502777/11/2016

PROFESSIONAL PROGRAMME:

In order of merit, out of 10 Top Rank Holders, the position of students of Eastern

Region is as follows:

Rank Name of the Candidate Registration No.

2nd KAILASH KUMAR KANORIA 140173768/02/2016

3rd ASHWINI KUMAR DAGA 140064601/02/2014

4th NIDHI CHANDAK 140162817/01/2016

PRIZE AWARD WINNERS (DECEMBER 2017 EXAMINATION)

ALL INDIA PRIZE AWARDS REGIONAL COUNCIL PRIZE AWARDS

Professional Programme

RAI BAHADUR SETH GUJARMAL MODI

MEMORIAL AWARD

Mr. Kailash Kumar Kanoria (Roll No. 233798)

SMT PARMESHWARI DEVI JANKI

BALLABH DANI MEMORIAL AWARD

Mr. Kailash Kumar Kanoria (Roll No. 233798)

PT. GOPAL CHANDRA SHASTRI

MEMORIAL MEDAL

Ms. Nidhi Chandak (Roll No. 232981)

D L MAZUMDAR’S SILVER MEDAL Mr. Ashwini Kumar Daga (Roll No -233808)

VIDYA NAND MEHTA MEMORIAL PRIZE

AWARD


SMT G P PODDAR MEMORIAL AWARD

Ms. Apeksha Narula (Roll No.- 230301)

Foundation Programme

GAURA DEVI KOTHARI MEMORIAL

AWARD Mr. Pratik Raj (Roll No.- 100532)

Executive Programme

EIRC CASH PRIZE Ms. Nikita Agarwal (Roll No.-150840)

KEDARNATH DHANUKA MEMORIAL

CASH PRIZE Mr. Ayush Kejriwal (Roll No.-156355)


KEDARNATH PRAHLADRAI DHANUKA

MEMORIAL AWARD

Mr. Kailash Kumar Kanoria (Roll No.

233798)

NIRMAL CHANDRA CHATTERJEE

MEMORIAL AWARD

Ms. Apeksha Narula (Roll No.- 230301)

BHAGABATI CHATTERJEE MEMORIAL

AWARD


B. P. BAJORIA MEMORIAL AWARD

Mr. Kailash Kumar Kanoria (Roll No.

233798)

PRIZE AWARD WINNERS (JUNE 2018 EXAMINATION)

ALL INDIA PRIZE AWARDS REGIONAL COUNCIL PRIZE AWARDS

Foundation Programme


PT. NEHRU BIRTH CENTENARY PRIZE

AWARD Mr. Yugantar Gupta (Roll No.- 232915)

GAURA DEVI KOTHARI MEMORIAL

AWARD Mr. Pallab Sarmah (Roll No.- 301054)

Executive Programme

EIRC CASH PRIZE Mr. Vikash Sikaria (Roll No.-351283)

KEDARNATH DHANUKA MEMORIAL

CASH PRIZE Mr. Harsh Agarwal (Roll No.- 351972)


KEDARNATH PRAHLADRAI DHANUKA

MEMORIAL AWARD Mr. Vaibhav Chitlangia (Roll No.- 503996)

NIRMAL CHANDRA CHATTERJEE

MEMORIAL AWARD Ms. Sakshi Sodhani (Roll No.- 502722)

BHAGABATI CHATTERJEE MEMORIAL

AWARD

Ms. Rishika Singhania (Roll No.- 502669)

B. P. BAJORIA MEMORIAL AWARD Mr. Vaibhav Chitlangia (Roll No.- 503996)

IX. EMPLOYEES RELATION & WELFARE:

As on March 31, 2019, the manpower strength of the EIRO of ICSI stood at 11 and the

Employees-Management relations remained cordial during the year. One Consultant

on contractual basis and One Management Trainee are also working at EIRO.

X. AUDITORS:

M/s. H. R. Agarwal & Associates, Chartered Accountants, Kolkata, were the Statutory

Auditors of ICSI-EIRC for the financial year 2018-2019.

XI. ANNUAL MEMBERSHIP SCHEME OF EIRC:

The Annual Membership Scheme of EIRC of ICSI this year has very encouraging

response. We have innovated a unique fee structure aimed at encouraging wider

participation for corporates and established firms. At the same time, for better

involvement of our younger fraternity, we have introduced attractive fees for members

registered on or after 1st April, 2016. We are thankful to all members / firms / corporate

houses for their valuable support.

XII. ICSI-EIRC NEWSLETTER

ICSI- EIRC Newsletter containing articles, various announcements for Members and

Students and coverage of activities of the Region were released during the year. EIRC

has adopted the green initiative and publishes e-newsletters.

XIII. BEST PERFORMING REGION

EIRC of ICSI has been adjudged as the “Best Performing Region” in the Students

month (July 2018) at the ICSI Leadership Summit held in the month of February, 2019

at NOIDA. This has been the second consecutive year when EIRC has bagged the Best

Performing Region Award for organising various programmes for student during the

Student Month, successfully and efficiently.

XIV. ICSI EIRC MOOT COURT

In order to provide a stimulating environment for the members and students of ICSI,

who would like to appear or wish to get sensitised on the appearances before

the Hon'ble Tribunal, a Moot Court was inaugurated at ICSI-EIRC House by the

gracious hands of Shri K R Jinan, Hon’ble Member (Judicial), National Company Law

Tribunal, Kolkata Bench. This will help the students or members to get a hands-on

experience and learn the nuances of advocacy before they appear for cases on their

own.

XV. 46TH NATIONAL CONVENTION

The 46th National Convention of ICSI was hosted by Bhubaneswar Chapter of EIRC on

30th – 31st August and 1st September, 2018 at Hotel Mayfair Lagoon and Hotel Mayfair

Convention, Bhubaneswar. The grand congregation of CS members witness gracious

presence and deliberations by several dignitaries.

Prof. Ganeshi Lal, Hon’ble Governor, Odisha; Shri Naveen Patnaik, Hon’ble Chief

Minister, Odisha and Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum and

Gas & Skill Development and Entrepreneurship, Govt. of India graced the 3-days mega

event as Chief Guest of different session along with other learned and eminent speakers

and professionals.

XVI. VISIT OF PROMINENT DIGNITARIES

a. Shri Arjun Ram Meghwal, Hon’ble Union Minister of State in Ministry of Water

Resources, River Development and Ganga Rejuvenation and Parliamentary

Affairs graced the Inaugural session of 14th Regional PCS Conference held at J

W Marriott, Kolkata as Chief Guest.

b. Shri K R Jinan and Shri M B Gosavi, Hon’ble Members (Judicial), NCLT Kolkata

Bench graced the 14th Regional PCS Conference held at J W Marriott, Kolkata.

Shri Jinan was the Chief Guest at 29th Regional Conference of Company

Secretaries held at ITC Sonar, Kolkata and had also inaugurated the Moot Court

at ICSI EIRC House.

XVII. ACKNOWLEDGEMENTS:

The Regional Council places on record its gratitude to the various Ministries and

Offices of the Central Government and Regulatory Authorities, particularly the Ministry

of Corporate Affairs, Securities and Exchange Board of India (SEBI), Competition

Commission of India (CCI), Insolvency and Bankruptcy Board of India (IBBI), for their

advice, guidance and support in the development of the profession and encouraging

the activities of the Regional Council of the Institute during the year. The ICSI-EIRC is

also grateful to various State Governments, Financial / Industrial / Investment

Institutions / Corporate Sector, various Chambers of Commerce, Trade Associations

and other Agencies in general in availing the services of Members of the Institute and

in recognizing their expertise.

The Regional Council places on record its gratitude to the Office Bearers and Members

of the Regional Council, Central Council and Chapters for extending their whole-

hearted co-operation and support and also to the HODs (ICSI-HQ), Officers and Staff

Members of the Institute for their unflinching commitment and devotion to their duties.

For and on behalf of the

Eastern India Regional Council of


Sd/-

Place: Kolkata CS RAJESH CHURA

Date: 25th May, 2019 Chairman, EIRC of ICSI

List of activities organised by the Chapters under EIRC

from 01.04.2018 to 31.03.2019

Bhubaneswar Chapter

Date Name of the Activity / Programme Venue

24.04.2018 Celebration of Panchayati Raj Diwas Sarakana Gram Panchayat,

Khordha

15.06.2018 PCS Day Celebration Bhubaneswar Chapter Office

20.06.2018 Commencement of oral coaching classes Bhubaneswar Chapter Office

21.06.2018 Celebration 4th International Day of Yoga on Bhubaneswar Chapter Office

24.06.2018 37th AGM of the Chapter Bhubaneswar Chapter Office

24.06.2018

Meeting of Chapter Members for the Golden

Jubilee Year National Convention (46th edition)

Bhubaneswar Chapter Office

24.06.2018

to

29.06.2018

5 days Entrepreneurship Development


01.07.2018 Study Circle Meeting on Learning Session on

Goods & Services Tax


01.07.2018 Celebration of GST Day Bhubaneswar Chapter Office

01.07.2018 Van Mahotsav Divas-Plantation of trees Bhubaneswar Chapter Office

04.07.2018 Quiz contests for Students Bhubaneswar Chapter Office

05.07.2018 Student updates on emerging aspects in corporate

laws


05.07.2018 Study Circle Meeting on Updates in Corporate

Laws


06.07.2018 Webinar/Webcast on Input Tax Credit – Tax Saver

for Corporates & PCS”


06.07.2018 Launch of special edition of students bulletins in

the month of July 2018


07.07.2018 Commence of Class Room Teaching of Executive

Module : II


08.07.2018 Cultural Programme for students Bhubaneswar Chapter Office

11.07.2018 World Population Day (debate competition on

Control the population, increase the growth rate


14.07.2018 Webcast for students on “Pre-examination Test &

Session on New Syllabus, 2017”


14.07.2018 Webinar / Webcast on Pre-examination Test &

Session on New Syllabus, 2017


15.07.2018 Parent teachers meet Bhubaneswar Chapter Office

15.07.2018 Faculty Induction Programme Bhubaneswar Chapter Office

19.07.2018 Session on Communication / soft skills

development Programme for students


19.07.2018 Samadhan Diwas – Zero Grievance Day Bhubaneswar Chapter Office

21.07.2018 Felicitation of rank holders of December 2017

Examination


21.07.2018 Orientation Programme for Students Bhubaneswar Chapter Office

http://www.indiacelebrating.com/events/world-population-day/

22.07.2018 National Flag adoption Day(Flag hoisting across

offices)


26.07.2018 Kargil Victory day : Observation of silence in the

memory of martyrs who laid their life while

sacrificing for the country


26.07.2018 Essay writing competition on “Due diligence in

context of armed forces” on the occasion of Kargil

Victory Day Observation


27.07.2018 Elocution Competition Bhubaneswar Chapter Office

27.07.2018 ICSI Capital Market Week Celebration Bhubaneswar Chapter Office

27.07.2018 Swachh Bharat Abhijan : Swachhata activities Bhubaneswar Chapter Office

28.07.2018 World Nature Conservation Day- Declamation

competition on the theme


29.07.2018 ICSI Capital Market Week Celebration Bhubaneswar Chapter Office

15.08.2018 Celebration of Independence Day Bhubaneswar Chapter Office

29.08.2018 Press Conference Mayfair Convention,

Bhubaneswar

29.08.2018 Media/TV interview/address Mayfair Convention,

Bhubaneswar

30.08.2018 Media/TV interview/address Mayfair Convention,

Bhubaneswar

12.09.2018 Celebration of Vinayak Chaturthi Bhubaneswar Chapter Office

13.10.2018 Associate Partner of the programme on “Corporate

Governance in SMEs and Family Led Corporates”

organized by Indian Chamber of Commerce

Hotel the New Marrion,

Bhubaneswar

02.11.2018

to

03.11.2018

2days induction programme Bhubaneswar Chapter Office

15.11.2018 Commencement of Oral coaching cases Bhubaneswar Chapter Office

29.11.2018

to

06.12.2018

Education Course on Valuation of Financial Assets Bhubaneswar Chapter Office

04.12.2018 Opening of Study Centre Sudhananda Group of

Computer Science

Nachhipur, Khordha

09.12.2018 Opening of Study Centre Keonjhar Degree Commerce

College, Keonjhar, Odisha

09.12.2018 TV/Media Interaction Keonjhar Degree Commerce

College, Keonjhar, Odisha

3112.2018 “Rashtriya Ekta Diwas (National Unity Day)” Bhubaneswar Chapter

05.01.2019

to

14.01.2019

Participation in Rajdhani Book Fair Exhibition Ground,

Bhubaneswar

07.01.2019

to

09.01.2019

3 days E-governance Bhubaneswar Chapter Office

13.01.2019 Inauguration of 3rd floor conference hall Bhubaneswar Chapter Office

16.01.2019 Opening of Study Centre Nayagarh (A) College,

Nayagarh, Odisha

18.01.2019 Bhubaneswar Chapter was the Knowledge

Partner of the Programme on “SME Funding :

Role of Capital Markets”

Hotel the Trident,

Bhubaneswar

26.01.2019 Celebration of Republic Day Bhubaneswar Chapter Office

Dhanbad Chapter


15.06.2018 PCS Day Celebration & Study Circle Meet on

“Existing Recognitions & Emerging Areas of

Practice for CS”

Dhanbad Chapter Office

27.06.2018 CS Olympiad Award Ceremony The Pentecostal Assembly

School, Bokaro Steel City,

Jharkhand

01.07.2018 Van Mahotsava Divas Dhanbad Chapter Office

01.07.2018 GST Day Celebration Dhanbad Chapter Office

04.07.2018 Company Law Quiz Dhanbad Chapter Office

07.07.2018 Activation of Class Room Teaching Dhanbad Chapter Office

14.07.2018 Webcast for students Dhanbad Chapter Office

18.07.2018 Moot Court Competition Dhanbad Chapter Office

19.07.2018 Communication/Soft Skills development

programme for students


19.07.2018 “Samadhan Divas”- Zero Grievance Day Dhanbad Chapter Office

26.07.2018 Study Circle Meet on “Company Secretary-A

Professional Catalyst in Capital Market”


27.07.2018 Swachh Bharat Abhiyan Dhanbad Chapter Office

15.08.2018 Independence Day Celebration Dhanbad Chapter Office

19.01.2019 Study Circle Meet on “Amendments in Companies

Act”


26.01.2019 Republic Day Celebration Dhanbad Chapter Office

10.02.2019 Saraswati Puja Celebration Dhanbad Chapter Office

09.03.2019 Study Circle Meet on “Insight into NBFC

Compliances”


30.01.2019 Career Awareness Programme Khalikote Autonomous

College, Berhampur, Ganjam

03.02.2019 Talk on Interim Union Budget Bhubaneswar Chapter Office

10.02.2019 Celebration of Basant Panchami Bhubaneswar Chapter Office

22.02.2019 Institution of Signature Award Berhampur University,

Berhampur, Odisha

23.02.2019 Opening of Study Centre SCS Autonomous College,

Puri, Odisha

27.02.2019 Meeting with HE Hon’ble Governor, Odisha Rajbhawan, Bhubaneswar

27.02.2019 Evening Talk on “Ethics, Governance & Latest

Updates in Companies Act


08.03.2019 International Women’s Day : Empowering

Women Company Secretary


27.03.2019

to

28.03.2019

2 days Induction Bhubaneswar Chapter Office

27.03.2019

to

31.03.2019

5 days Skill Development Bhubaneswar Chapter Office

27.03.2019 t One Day Seminar on “Recent Amendment under

Companies Act, 2013, NCLT, IBC & MSME


35 Career Awareness Programmes and 2 Investor Awareness Programmes were organised

during this period.

17.03.2019 Full Day Seminar on “Role of MSME in Indian

Economy” & “Impact of GST on Business and other

Stakeholders”

CMA Bhawan, Saraidhela,

Dhanbad

Jamshedpur Chapter Date Name of the Activity / Programme Venue

21.04.2018 Management Committee Meeting Jamshedpur Chapter Office

28.04.2018 Study Circle Meeting(Group Discussion on Board

Report Under Companies Act 2013

CFE Library


15.06.2018 PCS day Celebration( Panel Discussion on GST) Jamshedpur Chapter Office

23.062018 Full Day Seminar (Companies Amendment Act 2017

& Insolvency & Bankruptcy)

CFE, Auditorium

23.06.2018 Annual General Meeting CFE, Auditorium

01.07.2018 Van Mahotsav CFE Garden

12.07.2018 Career Awareness Programme DBMS High School,

Kadma, Jamshedpur

19.07.2018 Samadhan Diwas Jamshedpur Chapter Office 27.07.2018 Swaach Bharat Abhiyan Jamshedpur Chapter Office 28.07.2018 Study Circle Meeting ( Basics of Capital Market) Jamshedpur Chapter Office

25.08.2018 Study Circle Meeting (Significant Beneficial

Ownership)

CFE, Library

17.11.2018 Study Circle Meeting (Recent Amendments in

Companies Act)

Jamshedpur Chapter Office

22.12.2018 Special general Meeting CFE, Library

26.12.2018 Management Committee Meeting( New elected

committee)

Jamshedpur Chapter Office


01.02.2019 Study Circle Meeting ( De- materialisation) CFE, Library


23.02.2019 Study Circle Meeting (Secretarial Audit) CFE, Library



9 Career Awareness Programmes and 1 Investor Awareness Programme were organised during

this period.

Hooghly Chapter Date Name of the Activity / Programme Venue

06.05.2018 Full Day Seminar on “Impact Analysis of IND-AS on

Financial Statements and Role of CS in this” and

“Impact Analysis of Recent Amendment on Board’s

Report”

Hooghly Chapter Office

12.05.2018 Half Day Workshop jointly with Rishra CPE Study

Circle on “Advance Excel”

Training Centre, Jaya Shree

Textiles (A Unit of Grasim

Industries Limited), Rishra

13.05.2018 1st, 2nd, 3rd & 4th Study Circle Meetings on “Shifting of

Registered office one state to another state” & “Buy

back of securities under Companies Act and Small

Company Merger”


13.05.2018 Celebration of International Mother’s Day Hooghly Chapter Office

07.06.2018 ICSI-Hooghly Chapter Meeting Hooghly Chapter Office

24.06.2018 10th Annual General Meeting Hooghly Chapter Office

05.07.2018 Celebration of Students Month by organising Van

Mahotsav – Plantation of Tree, Quiz Contest –

Question Answer session on Company Law and

Student updates on emerging aspects in Corporate

Laws


07.07.2018 Celebration of Students Month by organising Cultural

Programme for Students:- Reciting Poems, Singing

Songs, Showing other talents etc.


13.07.2018 Celebration of Students Month by organising 17th All

India Elocution Competition – 2018 (Chapter Level)

for the Students of ICSI


14.07.2018 Celebration of Students Month by organising

WEBCAST for the Members & Students of ICSI



"Samadhan Diwas"


20.07.2018 Celebration of Students Month by organising Video

Byte Competition on Various facets of CS Course



“National Flag Adoption Day” by hoisting the

National Flag


26.07.2018 Celebration of Students Month by organising “Kargil

Victory Day”



“Swachha Bharat Abhiyaan”


27.07.2018 Celebration of Students Month by organising “New

Syllabus 2017- A Session on benefits of New

Syllabus”


15.08.2018 Independence Day Celebration Hooghly Chapter Office

19.08.2018 5th, 6th, 7th & 8th Study Circle Meetings on “Recent

Amendments in Companies Act. DIR-3 KYC,

Significant Beneficial Ownership and Recent

Changes in Board Report as per Section 134”



02.09.2018 2nd & 3rd Half-Day Workshops of 2018 on “Recent

Developments in Companies Act and Opportunities at

NCLT” and “The Insolvency and Bankruptcy Code,

2016 (IBC)”


16.09.2018 4th & 5th Half-Day Workshops of 2018 on “Autopsy

of Financial Statement “and “Annual MCA Filing &

Incorporation through SPICE”


22.09.2018 6th Half-Day Workshops of 2018 on “Recent

Amendments In GST, E-Way Bill And GST Audit”

Training Centre, Jaya Shree

Textiles, Rishra

07.10.2018 7th & 8th Half-Day Workshops of 2018 on “GST, E-

Way Bill and Scope of Supply” and “Issue of

Securities and Dematerialisation of Securities,

Annual Filling”


04.11.2018 9th & 10th Half-Day Workshops of 2018 on

“Amalgamation of Companies u/s 230 to 232”and

“GST with Sensitization of Anti Profiteering Laws”


18.11.2018 9th & 10th Study Circle Meetings on “Discussion on

Compliance related to Capital Market”


25.11.2018 Full Day Seminar on “The Insolvency and

Bankruptcy Code, 2016- Act No. 31 of 2016

(Definition and Filling of Application with NCLT)”

AND “To File Appeal Under Income Tax Act and

Appear before CIT (A) & ITAT”



02.12.2018 Full Day Seminar on “Part-II & Part VII of The

Insolvency and Bankruptcy Code, 2016 Dealing with

Liquidation and Offences”


22.12.2018 ICSI-Hooghly Chapter Special General Meeting Hooghly Chapter Office

30.12.2018 ICSI-Hooghly Chapter Annual Meeting Hooghly Chapter Office

06.01.2019 5th Annual Members' Conference on “Rules and

Tools of Interpretation of Statutes” and “Legal Issues

on Disqualification of Directors”


26.01.2019 Republic Day Celebration Hooghly Chapter Office


03.02.2019 Union Budget (2019) Discussion & Analysis Hooghly Chapter Office

03.02.2019 1st Half-Day Workshops of 2019 on “Compliances

with regard to Non- Banking Financial Companies

(ND-NSI)”


10.02.2019 Saraswati Puja Celebration Hooghly Chapter Office

24.02.2019 2nd & 3rd Half-Day Workshop of 2019 on “"Recent

Amendments in the Companies Act 2013” and

"Highlights of “Kotak Committee” Recommendations

for Listed Companies”



09.03.2019 Campus Placement for Members seeking

Employment/Students seeking Management Training


10.03.2019 Full Day Seminar on “Annual Return and GST Audit”

and “Banning of Unregulated Deposits Ordinance”


24.03.2019 Full Day Seminar on “SBO: Unveiling the SBO

Norms” and “Impact of Insolvency & Bankruptcy

Code (IBC) on Corporate India and Banking Sector”


31.03.2019 Condolence Meeting in remembrance of Shri Amit

Kumar Sen, Past Vice President (1997) of ICSI & Past

Chairman (1987) of EIRC of ICSI


30 Career Awareness Programmes were organised during this period.

NE (Guwahati) Chapter Date Name of the Activity / Programme Venue

07.04.2018

Study Circle Meeting on SME Funding Role of Capital

Markets

Hotel Taj Vivanta,

Guwahati

15.06.2018

PCH Day Celebration NE Chapter Office

30.06.2018

Study Circle Meeting on Opportunities before NCLT

and NCLAT; Recent Amendments in Companies act,

2013 with critical analysis; Companies (Significant

Beneficial owners) Rules, 2018

Interaction with RD, JD and ROC

Hotel Atithi, Guwahati

04.08.2018

Programme on Annual Return and Board Report,

Compounding of offences CSR- Gearing up for CSR

Audit Companies Amendment Act DIN 3 KYC


15.08.2019 Independence Day Celebration NE Chapter Office

01.12.2018 Study Circle Meeting on Annual Return and Audit

Under GST


19.01.2019

Study Circle Meeting on Companies Amendment Act

2017 and Companies ordinance 2018

NE Chapter Office

26.01.2019 Republic Day Celebration NE Chapter Office

10.02.2019 Saraswati Puja Celebration NE Chapter Office

19.02.2019

Study Circle Meeting on Form DPT-3, MSME-I

&Certificate of Commencement of Business

NE Chapter Office

08.03.2019

Study Circle Meeting on Empower women Empower

India- Women as CS professional

NE Chapter Office

12 Career Awareness Programmes & 2 Investor Awareness Programmes were organised during

this period.

Patna Chapter


14.04.2018 Interaction with RD(MCA), Eastern Region Patna Chapter Office

26.05.2018 Programme on Co. Amendment Act. 2017 along

with changes in Rules and Overview of Latest

Changes.

Saphire Conference

Hall, Patna

15.06.2018 PCS Day Celebration Patna Chapter Office

23.06.2018 Interaction session with CS Mamta Binani (Past

President, The ICSI)

Patna Chapter Office

01.07.2018 Van Mahotsav Divas Luv Kush Tower, Patna

04.07.2018 Quiz Contest Patna Chapter Office

05.07.2018 Emerging Aspect in Corporate Laws Patna Chapter Office

11.07.2018 Debate Competition (World Population Day) Patna Chapter Office

14.07.2018 Webcast for Students (Pre Examination Test) Patna Chapter Office

04.08.2018 PDP on ESI Patna Chapter Office

11.08.2018 Latest Amendments in Co. Act. 2013 Patna Chapter Office

18.08.2018 Programme on AGMARK & FSSAI Patna Chapter Office

03.11.2018 Programme on GST Patna Chapter Office

21.01.2019 Foundation Day Celebration of Patna Chapter Patna Chapter Office

23.02.2019 Programme on Union Budget 2019 & GST Patna Chapter Office

17.03.2019 Programme on Recent Amendments in Co., Act.

And, Banning of Unregulated deposit scheme

ordinance 2019.


17.03.2019 Holi Milan Patna Chapter Office

26.03.2019 Programme on Provisions and Benefit of the

Settlement Commission

Income Tax Conference

Hall, Patna

30.03.2019 Programme on GST (Meaning of Supply, RCM &

Valuation and, Input Tax Credit, Composition

Scheme & GST Impact Industry wise)


Ranchi Chapter


06.04.2018

to

07.04.2018

6th 2-days Induction Programme Ranchi Chapter Office

11.04.2018

to

13.04.2018

6th 3-days e-Governance Programme Ranchi Chapter Office

24.04.2018 Celebration of National Panchayati Raj Diwas Ranchi Chapter Office

03.05.2018

to

07.05.2018

6th 5-days Skill Development Programme Ranchi Chapter Office

09.05.2018 Half day seminar on ‘Commodity Futures’ Hotel Trident Inn,

Vishnu Gali, Ranchi

11.06.2018

to

15.06.2018

6th 5-days Entrepreneurship Development

Programme

Ranchi Chapter Office

15.06.2018 Annual General Meeting Ranchi Chapter Office

15.06.2018 PCS Day celebration – Study Circle Ranchi Chapter Office

01.07.2018 Van Mahotsav Diwas celebration Nearby ground of the

Chapter office

04.07.2018 Quiz competition on ‘Industrial & Labour Law’ Ranchi Chapter Office

05.07.2018 Session for students on ‘emerging aspects of

Corporate Laws’


07.07.2018 Assembly for classroom teaching Ranchi Chapter Office

11.07.2018 Debate competition on World Population Day Ranchi Chapter Office

13.07.2018 17th All India Elocution competition – chapter

round


14.07.2018 Webcast on ICSI New Syllabus, Pre-

examination Test, Prevention of sexual

harassment in workplace


16.07.2018 Session for students on ‘soft skill development’ Ranchi Chapter Office

19.07.2018 Observation of ‘Samadhan Diwas’ Ranchi Chapter Office

22.07.2018 Observation of National Flag adoption day –

Flag hoisting


22.07.2018 Guidance programme for students by

professionals from Corporate Houses


16.07.2018

to

23.07.2018

9th Executive Development Programme (EDP) Ranchi Chapter Office

25.07.2018 18th All India Company Law Quiz – Chapter

Round


26.07.2018 Essay writing competition on Kargil Victory Day Ranchi Chapter Office

27.07.2018 Swachh Bharat Abhiyan Ranchi Chapter Office

27.07.2018 Orientation Programme for students on New

Syllabus 2017


27.07.2018 Study Circle on ‘Company Secretary – A

Professional Catalyst in Capital Markets’


28.07.2018 Declamation competition on World Nature

Conservation Day


31.07.2018 Felicitation of Zonal rank holders of 2nd CS

Olympiad

Delhi Public School,

Ranchi

15.08.2018 72nd Independence Day observation Ranchi Chapter Office

03.09.2018

to

04.09.2018


27.09.2018

to

29.09.2018


06.10.2018 Study Circle on TDS Ranchi Chapter Office

30.10.2018

to

03.11.2018

7th 5-days Skill Development Programme Ranchi Chapter Office

31.10.2018 Pledge taking ceremony on Rastriya Ekta Diwas Ranchi Chapter Office

05.01.2019 Webcast for students on GST Ranchi Chapter Office

05.01.2019 Interactive meet with ROC cum OL, Ranchi,

Jharkhand

Hotel Trident Inn,

Vishnu Gali, Ranchi

26.01.2019 70th Republic Day Celebration Ranchi Chapter Office

02.02.2019 Study Circle on ‘Companies (Amendment)

Ordinance 2019’


21.02.2019 Press Release on CS Foundation Dec’18 session

result declaration


23.02.2019 Study Circle on ‘Companies (Acceptance of

Deposits) Amendment Rules 2019’


25.02.2019 Press Release on CS Executive & Professional

Dec’18 session result declaration


02.03.2019 Half day seminar on Recent amendments in

GST and Insolvency & Bankruptcy Code

Hotel The Pinnacle,

Ranchi

15.03.2019

to

16.03.2019


19.03.2019 Investor Awareness Programme Jharkhand Rai

University, Kamre,

Ranchi

27.03.2019

to

29.03.2019


19 Career Awareness Programmes & 1 Investor Awareness Programme were organised

during this period.

Siliguri Chapter


23.05.18 &

24.05.18

SAPE Education Fair City Garden Siliguri

23.06.18 Half Day Workshop on Companies Amendment

Act 2017

Siliguri Chapter Office

01.07.18 Van Mahotsav Siliguri Chapter Office

14.07.18 Webinar on New Syllabus Siliguri Chapter Office

19.07.18 Samadhan Divas Siliguri Chapter Office

27.07.18 Swaach Bharat Abhiyaan Siliguri Chapter Office

27.07.18 Study Circle Meeting on Capital Market & DIR3

KYC


15.08.18 Independence Day Celebration Siliguri Chapter Office

08.09.18 Study Circle Meeting on SBO Guidelines under

Companies Amendment Act 2013

Munsha Singh

Compound Check post

26.01.19 Republic Day Celebration Siliguri Chapter Office

10.02.19 Saraswati Puja Siliguri Chapter Office

02.03.19 Study Circle Meeting on Interim Budget 2019,

MSME1, DPT-3, BEN1&2.


09 Career Awareness Programmes were organised during this period

(Amount in Rs.)

PARTICULARS NOTE NO. As at 31st March 2019 As at 31st March 2018

I. SOURCES AND LIABILITIES

(1) Reserves & Surplus

(a) Reserve & Surplus 1 20,938,244 18,704,128

(b) Earmarked Funds 2 449,002 472,502

SUB-TOTAL (1) 21,387,246 19,176,630

(2) Non- Current Liabilities

(a) Long Term Borrowings - -

(b) Long Term Liabilities - -

(c) Long Term Provisions - -

SUB-TOTAL (2) - -

(3) Current Liabilities

(a) Short Term Borrowings

(b) Sundry Creditors 3 1,162,399 1,639,510

(c) Other Current Liabilities 4 3,456,508 4,599,801

(d ) Short term Provisions 5 42,489 321,364

SUB-TOTAL (3) 4,661,396 6,560,674

TOTAL (1+2+3) 26,048,641 25,737,304

II. ASSETS

(1) Non-current Assets

(a) Fixed Assets 6

(i) Tangible Assets 2,949,234 3,205,243

(ii) Intangible Asssets

(iii) Capital Work in Progress

(iv) Intangible Assets under development

SUB-TOTAL (a) 2,949,234 3,205,243

(b) Non-current Investments 7 11,663,750 -

(c ) Long Term Loan and Advances -

(d) Other Non-Current Assets -

SUB-TOTAL (1) 14,612,984 3,205,243

(2) Current Assets

(a) Current Investments 8 5,406,643 18,109,075

(b) Inventories 9 36,554 62,383

(c ) Sundry Debtors 10 1,981,340 2,409,780

(d) Cash and Cash Equivalents 11 2,953,183 864,515

(e) Short terms Loans and Advances 12 127,187 146,102

(f) Other current Assets 13 930,750 940,206

SUB-TOTAL (2) 11,435,657 22,532,061

TOTAL (1) + (2) 26,048,641 25,737,304 -

ACCOUNTING POLICIES AND OTHER NOTES TO THE ACCOUNTS 20

Notes referred to above form an integral part of the Balance Sheet.

As per our report of even date.

For H.R. Agarwal & Associates Sd/- Sd/- Sd/-

Chartered Accountants DVNS Sarma Rajesh Chura Priyadarshi Nayak

FRN : 323029E Regional Director Chairman Vice Chairman

Sd/-

Shyam Sundar Agarwal, FCA Sd/- Sd/- Sd/-

Partner Gautam Mullick Anil Dubey Rajesh Mittal

Membership No. 060033 AD (F&A) Secretary Treasurer

Place: Kolkata

Date : 25th May 2019


Eastern India Regional Council

BALANCE SHEET AS AT 31st MARCH, 2019

For and on Behalf of Eastern India Regional Council

(Amount in Rs. )

31st March 2019 31st March 2018

INCOME

Income from Activities 14 8,578,183 9,316,074

Interest on Investments 1,234,355 1,332,768

Other Income 15 360,869 321,813

TOTAL INCOME 10,173,406 10,970,655

EXPENDITURE

Employee Benefit Expense 16 222,256 185,277

Oral Eduction Expense 400,352 301,948

Travelling and Conveyance Expense 17 118,291 143,997

Programmes / Seminars Expense 18 4,803,018 7,512,688

Career Awareness and Promotion Expense 54,629 23,091

Depreciation & Amortization 478,331 567,153

Other Expenses 19 1,817,611 2,110,728

TOTAL EXPENDITURE 7,894,488 10,844,882

Surplus before extraordinary & exceptional items 2,278,918 125,773

Add / Less : Extra Ordinary Items 252,048 4,872,000

Add / Less : Exceptional Items

Surplus on Disposal of Assets

Loss on sale /Disposal /write-off of Assets (26,950)

Prior period expenses (net) (25,000) (195,000)

Surplus after extra ordinary & exceptional items 2,479,016 4,802,773

Appropriation to Funds / Reserves :

(i)

(ii)

(iii)

TOTAL APPROPRIATIONS - -

Balance transferred to General Reserve 2,479,016 4,802,773.00

TOTAL 2,479,016 4,802,773.00

ACCOUNTING POLICIES AND OTHER NOTES TO THE ACCOUNTS 20

Notes referred to above form an integral part of the

Income & Expenditure A/c.

As per our report of even date annexed.

For H.R. Agarwal & Associates Sd/- Sd/- Sd/-

Chartered Accountants DVNS Sarma Rajesh Chura Priyadarshi Nayak

FRN : 323029E Regional Director Chairman Vice Chairman

Sd/-

Shyam Sundar Agarwal, FCA

Partner Sd/- Sd/- Sd/-

Membership No. 060033 Gautam Mullick Anil Dubey Rajesh Mittal

Place : Kolkata AD (F&A) Secretary Treasurer



Eastern India Regional Council

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH 2019

For the year ended PARTICULARS Note No.

For and on Behalf of Eastern India Regional Council

RESERVES & SURPLUS Note - 1

(Amount in Rs. )

PARTICULARS As at 31st March 2019 As at 31st March 2018

(1) GENERAL RESERVE

As per last Balance Sheet 11,847,265 7,044,491 -

Add :

(i) Donations

(ii) Transfer from any Specific /Other Reserve

(iii) Additions during the year

Less :

(i) Transfer to Specific / Other Reserves

(ii) Utilisation (mention purpose)

SURPLUS (Excess of Income over Expenditure transferred from I&E A/c) 2,479,016 4,802,774

Sub-Total (1) : 14,326,281 11,847,265

(2) OTHER THAN GENERAL RESERVES, IF ANY

(2A) BUILDING RESERVE

As per last Balance Sheet 11,594,787 11,594,787

Add : Interest

Add : Donations

Add : Transfer from Reserves

Add : Transfer from I&E Account

Less : Utilisation / transfer (mention specific purpose/nature)

Sub-Total (2A) : 11,594,787 11,594,787

(2B) LIBRARY RESERVE

As per last Balance Sheet 402,710 332,210

Add : Interest

Add : Donations 48,600 70,500



Sub-Total (2B) : 451,310 402,710

(2C) INFRASTRUCTURE RESERVE

As per last Balance Sheet 1,987,036 1,987,036

Add : Interest

Add : Donations / Transferred from HQ Reco A/c. (Balance of Building Renovation Grant)

Add : Transfer from Infrastructure Fund (see Note - 2) 23,500



Sub-Total (2C) : 2,010,536 1,987,036

(2D) OTHER RESERVE

As per last Balance Sheet

Add : Interest




Sub-Total (2D) : - -

TOTAL (2) : 14,056,633 13,984,533

(3) CONTRIBUTION TO /FROM TOWARDS LAND & BLDG / OTHER

ASSETS

Add : Contribution (Liabilities) 4,467,117 4,467,117

Less : Contribution (Assets) (11,911,787.0) (11,594,787.0)

TOTAL (3) : (7,444,670.0) (7,127,670.0)

Total : (1)+(2) +(3) : 20,938,244 18,704,128

Eastern India Regional Council of ICSI

Note - 2

EARMARKED FUND

(Amount in Rs. )

2018-19 2017-18 2018-19 2017-18 2018-19 2017-18

As per last Balance Sheet 23,500 23,500 449,002 449,002 472,502 472,502

Add: Contribution during the year

Add: Transfer from Gen Reserve

Add: Receipts during the year

Add: Interest allocation

Sub-Total : 23,500 23,500 449,002 449,002 472,502 472,502

Less: Transfer to Infrastructure Reserve 23,500 23,500

Less: Utilised during the year

Balance as at the close of the year - 23,500 449,002 449,002 449,002 472,502


PARTICULARSINFRASTRUCTURE FUND

ENDOWMENT FOR PRIZE

AWARD FUNDTOTAL AMOUNT

NOTE - 3

SUNDRY CREDITORS (Amount in Rs.)


Sundry Creditors

- For Goods & Services 1,053,025 1,514,668

- Others (Cancelled Stale cheques) 109,374 124,842

- Inter Unit Balance (for details pl see below)

- Parties Advance - -

Total : 1,162,399 1,639,510

NOTE - 4

OTHER CURRENT LIABILITIES (Amount in Rs.)


Other Current Liabilities

(i) Fee received in advance from Members 1,540,300 1,922,435

(ii) Fee received in advance from Students 1,463,650 1,383,850

(iii) Security Deposits 333,620 342,120

(iv) Other Current Liabilities

- Property Tax - -

- TDS (Yearwise) 47,791 52,745

- GST - 68,781

- Professional Tax - -

- IEPF Advances Refundable to MCA 29,822 106,214

- Other Amounts Received in Advance 41,326 723,656

Total : 3,456,508 4,599,801

NOTE - 5

SHORT TERM PROVISIONS (Amount in Rs.)


(i) Expense Payable

a) Statutory Audit Fee 17,700 17,700

b) Internal Audit Fee payable

c) Other Expenses Payable 2,500 19,948

(ii) Provision for expenses

a) Prov. For 90% Surplus of 28th ARC - 277,338

b) AMC Charges on Assets & Others Expenses 22,289 6,378

c)

Total : 42,489 321,364


FIXED ASSETS

( Amount in Rs.)

Gross Block Net Block

Cost Adjustment/ Total cost Total For the Adjustment/ Total as on as on

as on Transfer/Sale as on as on Year Transfer/ as on 31.3.2019 31.3.2018

1.4.2018 31.3.2019 1.4.2018 Sale 31.3.2019

(i) Tangible Assets

Furniture & Fixtures 10% 2,356,564 172,840 2,529,404 1,335,726 107,238 1,442,964 1,086,440 1,020,838

Computer Peripherals 40% 1,244,702 33,664 1,278,366 1,088,194 65,969 1,154,163 124,203 156,508

Cooling Equipment 15% 756,563 - 756,563 378,037 56,779 434,816 321,747 378,526

Electrical Equipment 15% 2,365,788 - 2,365,788 1,164,451 180,201 1,344,652 1,021,136 1,201,337

Office Machines and - - -

Communication Equipment 15% 917,356 8,850 40,632 885,574 538,644 54,404 17,239 575,809 309,765 378,712

Other Equipment 15% 131,706 48,497 38,611 141,592 62,384 13,740 20,475 55,649 85,943 69,322

Library Books 100% 857,355 - 857,355 857,355 857,355 -

Vehicles 20% - - -

Current Year Total (i) 8,630,034 263,851 79,243 8,814,642 5,424,791 478,331 37,714 5,865,408 2,949,234 3,205,243

Previous Year Total (i)

(ii) Intangible Assets

ERP Software 1/3 - - -

Current Year Total (ii) - - - - - - - - - -

Previous Year Total (ii) - -

Current Year Total (i+ii) 8,630,034 263,851 79,243 8,814,642 5,424,791 478,331 37,714 5,865,408 2,949,234 3,205,243

Previous Year Total (i+ii) 8,426,285 203,749 - 8,630,034 4,857,638 567,153 - 5,424,791 3,205,243 3,568,647

FIXED ASSETS (Capital work in progress)

Cost Additions Adjustment/ Total cost

as on Transfer/ as on

1.4.2018 Sale 31.3.2019

(iii)

- - - -

- - - -

(iv)

- - - -

- - - -

NOTE - 6

Items

Depreciation / Impairment

Additions

Rate of

Depreci

ation

Previous Year Total (iv)

Items

Capital Work in Progress

Land under acquisition

Buildings under construction

Current Year Total (iii)

Previous Year Total (iii)


Gross Block

Intangible Assets under development

Computer Software

Current Year Total (iv)

NON CURRENT INVESTMENTS (Amount in Rs.)

AS ON AS ON

01.04.2018 31.03.2019

I

- - - -

II

- - - -

III

- - - -

IV

(A) - 449,002 449,002

- 11,214,748 11,214,748

- 11,663,750 - 11,663,750

(B)

- - - -

(C)

- - - -

TOTAL IV : - 11,663,750 - 11,663,750

TOTAL (I+II+III+IV) : - 11,663,750 - 11,663,750

SUB-TOTAL(III) :

SUB-TOTAL (IV-A) :

SUB-TOTAL (IV-B) :

SUB-TOTAL (IV-C) :

INVESTMENT IN DEBENTURES / BONDS

INVESTMNET IN MUTUAL FUNDS

SUB-TOTAL(II) :

OTHER NON-CURRENT INVESTMENTS

NOTE - 7

ADDITIONS DELETIONSPARTICULARS

SUB-TOTAL(I) :

INVESTMNET IN GOVT. SECURITIES


Fixed Deposits in Banks - SBI

Fixed Deposits in Banks - Canara Bank

OTHERS (Specify nature)

Fixed Deposits with institutions other than Banks

CURRENT INVESTMENTS (Amount in Rs.)

AS ON AS ON

01.04.2018 31.03.2019

I

- - - -

II

- - - -

III

- - - -

IV

(A) 10,983,592 5,406,643 10,983,592 5,406,643

7,125,483 7,125,483 -

-

18,109,075 5,406,643 18,109,075 5,406,643

(B)

- - - -

(C)

- - - -

TOTAL IV : 18,109,075 5,406,643 18,109,075 5,406,643

TOTAL (I+II+III+IV) : 18,109,075 5,406,643 18,109,075 5,406,643

NOTE - 8

PARTICULARS ADDITIONS DELETIONS

SUB-TOTAL(I) :

INVESTMNET IN GOVT. SECURITIES


SUB-TOTAL(III) :

OTHER NON-CURRENT INVESTMENTS

Fixed Deposits with institutions other than Banks

Fixed Deposits in Banks - SBI

Fixed Deposits in Banks - Canara Bank

SUB-TOTAL (IV-A) :

SUB-TOTAL (IV-B) :

OTHERS (Specify nature)

SUB-TOTAL (IV-C) :

INVESTMENT IN DEBENTURES / BONDS

SUB-TOTAL(II) :

INVESTMNET IN MUTUAL FUNDS

NOTE - 9

INVENTORIES (Amount in Rs.)

PARTICULARS

Publications (RO / Chapters own)

Consumables, Stores & Others (RO / Chap own) 36,554 62,383

Total : 36,554 62,383

NOTE - 10

SUNDRY DEBTORS (Amount in Rs.)

PARTICULARS

Sundry Debtors outstanding for more than six months

Secured, considered good

Unsecured, considered good 240,227 570,869

Doubtful 44,000

284,227 570,869

Less : Provision for Bad and Doubtful advance - -

SUB-TOTAL (a) 284,227 570,869

Others Sundry Debtors

Secured , considered good

Unsecured, considered good

- Inter Unit Balance (for details pl see below) 1,697,113 1,838,911

Doubtful

1,697,113 1,838,911

Less : Provision for Bad and Doubtful advance

SUB-TOTAL (b) 1,697,113 1,838,911

Total : 1,981,340 2,409,780

Inter Unit Balance (Amount in Rs.)

PARTICULARS

Payable to HQ

- Sales Proceeds of HQ Publications -

- Advance from HQ -

- Others, if any -

- -

Receivable from HQ

- Reimbursement (Item-wise) 1,292,247 1,541,187

- TDS (year-wise) 404,866 297,724

1,697,113 1,838,911

Total : 1,697,113 1,838,911

NOTE - 11

CASH AND CASH EQUIVALENTS (Amount in Rs.)

PARTICULARS

Balances with Bank (Including linked term deposits) 2,943,142 856,515

Cheques / Drafts / Postal Orders / Stamps /

Franking Units in hand

Cash in hand 10,041 8,000

Total : 2,953,183 864,515


As at 31st March 2019 As at 31st March 2018




NOTE - 12

SHORT TERM LOANS AND ADVANCES (Amount in Rs.)

PARTICULARS

SHORT TERM LOANS AND ADVANCES

Secured, considered good

-

- Chapters 127,187 146,102

Unsecured, considered good

-

-

Doubtful

127,187 146,102

Less : Provision for Bad and Doubtful advance

Total : 127,187 146,102

NOTE - 13

OTHER CURRENT ASSETS (Amount in Rs.)

PARTICULARS

OTHER CURRENT ASSETS

Accrued Interst on Current Investments 619102 872019

Accrued Interst on Non-Current Investments

Prepaid Expenses 7085 3312

Security Deposit 54279 64279

CENVAT / GST Input Credit / Income Tax Credit 245804 596

Recoverable from Parties / Vendors (with break up) 4480

Total : 930750 940206




NAME OF THE CHAPTER / REGIONAL OFFICE Note -14

INCOME FROM ACTIVITIES (Amount in Rs.)

Income from Students

Oral Education Fee 1,142,433 547,650

Other Fees :

Library Annual Subscription 550 650

Library Fine - 1,142,983 60 548,360

Sale of Publications (RC /Chap own) - -

Programmes / Seminars

From Members

- PDP Programmes 3,789,676 5,371,252

- AMSs Surplus 1,038,017

- Other Programmes 112,539 4,940,232 49,810 5,421,062

From Students

- Students Training Programmes 2,494,968 3,346,652

- Others - 2,494,968 - 3,346,652

Total : 8,578,183 9,316,074

PARTICULARSFor the year ended


Note -15

OTHER INCOME (Amount in Rs.)

Subscription & Advt to Newsletter 16,905 44,000

Incentive on Investments

Investor Awarness Programmes

Provision no longer required, written-back 3,133 10,193

Donations - General

Rent

Grants received from Headquarters 262,730 243,020

Grants received from Regional Office

Royalty / Commission on sale of Publications 10,614 7,220

Unpaid Security Deposits / EMD / Retention Money/

Stale Cheques 34,418 13,670

Miscellaneous 33,069 3,710

Total : 360,869 321,813




Note -16

EMPLOYEE BENEFIT EXPENSE (Amount in Rs.)

Salaries and Allowances

a) Overtime Allowances 84,124 93,688

b) Stipend to Management Trainees 63,000 31,538

c) Ex-Gratia 4,200 151,324 4,200 129,426

Staff Welfare

a) Staff Welfare - Refreshments 46,245 41,831

b) Staff Welfare - Others 24,687 14,020

c) 70,932 55,851

TOTAL 222,256 185,277

Note -17

TRAVELLING AND CONVEYANCE EXPENSE (Amount in Rs.)

Travelling Expenses 24,383 54,610

Conveyance Expenses 93,908 89,387

TOTAL 118,291 143,997

Note -18

PROGRAMMES / SEMINAR EXPENSES (Amount in Rs.)

Programmes / Seminars of Members

a) Members PDP Programmes 3,051,984 5,330,513

b) Other Programmes 152,499 128,337

c) 3,204,483 5,458,850

Programmes / Seminars of Students

a) Students Training Programmes 1,534,043 1,992,992

b) Other Programmes 64,492 60,846

1,598,535 2,053,838

TOTAL 4,803,018 7,512,688








Note - 19

OTHER EXPENSES (Amount in Rs.)

Stationery 112,655 92,358

Newsletter 53,400 145,355

Legal and Professional Services 51,821 44,625

Rent, Rates and Taxes - -

Electricity and Water 401,430 468,670

Communication Expense

- Telephone / Fax 208,298 236,610

- Courier / Postage 36,942 245,240 60,003 296,613

Insurance - -

Repairs and Maintenance

- Buildings 66,953 55,009

- Computer 33,715 19,133

- Other Assets 72,841 134,924

- Vehicles - 173,509 - 209,066

Office Maintenance & Housekeeping 214,860 184,891

Security Services 328,983 304,076

Office Expenses 23,442 50,791

Newspapers and Periodicals 5,877 5,781

Meeting expenses 96,757 189,431

Computerisation (Data Processing) - -

Prior-period expenses - -

Packing and Despatch , Cartage 670 1,700

Loss on Sale/ Disposal/Write-off of Assets - -

Loss/Write-off of Stocks

Bank Charges 4,121 8,339

Student Scholarship and Awards 29,265 9,755

Auditors Remuneration (including taxes)

- Statutory Audit Fees 17,700 17,700

- Statutory Auditor Other Services - 2,950

- Internal Audit Fees 47,200 64,900 47,200 67,850

Investor Awarness Programmes 5,534 15,177

Campus Placement 5,147 16,250

TDS / Income Tax Recoverable written off - -

Bad Debts

Provision for Bad/Doubtful Debts - -

TOTAL 1,817,611 2,110,728




( ` Amount)

Cash Flow from Operating Activity

2,479,016 4,802,773

Add : Depreciation on Fixed Assets 478,331 567,153

: Stock Written off -

: Bad Debts and Provision for Doubtful Debts - -

: Loss on Sale of Assets 26,950 505,281 - 567,153

Cash flow from operation after adjustment for non cash expenses 2,984,297 5,369,926

Less: : Income from Investment 1,234,355 1,332,768

: Provisions no longer required back and amount written off

: Surplus on Disposal of Assets - 1,234,355 1,332,768

Operating Surplus before Working Capital and Funds Changes 1,749,942 4,037,158

(Increase)/Decrease in Inventory 25,829 179,695

(Increase)/Decrease in Sundry Debtors 428,440 (228,530)

(Increase)/Decrease in Short Term Loans & Advances 18,915 (13,518)

(Increase)/Decrease in Other Current Assets 9,456 238,335

(Increase)/Decrease in Long Term Loans & Advances - -

(Increase)/Decrease in Other Non Current Assets - -

(Increase)/Decrease in GR/Contribution / Utilisation to RC/C (317,000) -

Increase/(Decrease) in Sundry Creditors (477,111) (305,914)

Increase/(Decrease) in Other Current Liabilities (1,143,293) (5,751,221)

Increase/(Decrease) in Short Term Provisions (278,875) 288,571

Increase/(Decrease) in Long Term Liabilities and Provisions - (1,733,639) - (5,592,582)

Net cash generated from operating activity. 16,303 (1,555,424)

Cash flow from Investing Activity

Income from Investments 1,234,355 1,332,768

Sale Proceeds of Redumption of Investments 18,109,075 6,855,175

Acquisition of Investments (17,070,393) (6,510,862)

Sale Proceeds of Fixed Assets 14,579

Acquisition of Fixed Assets including WIP (263,851) (203,749)

Net Cash used in Investing Activity 2,023,765 1,473,332

Cash flow from Financing Activity

Addition in Corpus Donation - -

Cash Generated From Financing Activities - -

Donation to Library Reserve 48,600 70,500

-

Net cash generated from Financing Activities. 48,600 70,500

Net Cash Flow for the Year ended as on 31st March 2019 (A) 2,088,668 (11,592)

Cash and cash equivalent at the beginning of the year (B) 864,515 876,107

Cash and cash equivalent at the end of the year 2,953,183 864,515

Note:

1 The above Cash Flow Statement has been derived using the Indirect method prescribed in AS-3.

2 Enclosed Notes 1 to 20 form an intergral part of the Cash Flow Statement.

3 Cash and cash equivalents include:

a

b Balances with Scheduled Banks

As per our report of even date.

For H.R. Agarwal & Associates

Chartered Accountants Sd/-

DVNS Sarma Rajesh Chura

Sd/-Regional Director Chairman

Shyam Sundar Agarwal, FCA

Partner

Membership No. 060033 Sd/-

Gautam Mullick Anil Kr Dubey

Place:: Kolkata AD (F&A) Secretary


FRN : 323029E Priyadarshi Nayak

Vice Chairman

Sd/- Sd/-

The Institute of Company Secretaries of India - Eastern India Regional Council

Cash Flow Statement for the year ended 31st March 2019

2018-19 2017-18

Cash, Cheques/Drafts/Postal Orders & Postage Stamps/ Franking units.

Net Surplus after Prior period, Extra ordinary and Exceptional items as per

I & E Account

Increase /(Decrease) in Current Assets and Current Liabilities and

Operating Earmarked Fund Balances

For and on behalf of Eastern India Regional Council

Rajesh Mittal

Treasurer

Sd/- Sd/-


NOTE - 20

ACCOUNTING POLICIES AND NOTES TO ACCOUNTS

(A) ACCOUNTING POLICIES

1. Basis of Preparation of Financial Statements

The Financial Statements are drawn up on historical cost basis and have been prepared in accordance with applicable Accounting Standards issued by the Institute of Chartered Accountants of India and are on accrual basis unless otherwise stated.

2. Uses of Estimates The preparation of Financial Statements requires some estimates which affect the reported amounts of assets and liabilities on the date of Financial Statements and the reported amount of revenues and expenses during the year. Difference between the actual result and estimates are recognized in the period in which results are known/ materialized.

3. Revenue Recognition

a. The Entrance Fee is collected at the time of admission of a person as a Member and is directly credited to “Capital Reserve”.

b. Fees received from Members are accounted for on cash basis. However, fees received in

advance are carried over as a liability.

c. Fee from students is recognized on cash basis.

d. Examination fee is recognized on the basis of conduct of examination.

e. Revenue from sale of publications is recognized at the time of preparing the sale bill, ie. when the property in goods as well as the significant risks and rewards of the property get transferred to buyer.

f. Income from Investments

i) Dividend on investments is recognized on receipt basis. ii) Income on interest-bearing securities and fixed deposits is recognized on a time proportion basis taking into account the amount outstanding and the rates applicable.

g. Receipt of money for specific sponsored Programmes is recognised on a systematic basis in the

Income & Expenditure Account over the periods necessary to match them with the related costs which they are intended to compensate. Unspent balance of such receipts, if any, is carried to next year.

4. Investments

a. Long term Investments are carried at cost and diminution in value, other than temporary, is provided for.

b. Current investments are carried at lower of cost or fair value.

5. Fixed Assets / Depreciation and Amortization

a. Fixed Assets excluding Land are stated at historical cost less depreciation.

b. Freehold land is stated at cost. Leasehold land is stated at the amount of premium paid for

acquiring the lease rights. The premium paid on leasehold land is amortized over the period of lease.

c. Depreciation is provided on the Written Down Value method at the following rates as approved

by the Council, based on the useful life of the respective assets :

Item % Buildings 5 Furniture and Fixtures 10 Lifts/Air Conditioners/Other Equipments 15 Vehicles 20 Computers / Mobile Phones 40

d. Depreciation on additions to Fixed assets is provided on pro-rata basis. No depreciation is

charged in the year of sale. e. Fixed Assets costing Rs. 5,000 or less are fully depreciated.

f. Library books are depreciated at the rate of 100% in the year of purchase. g. Intangible Assets (Software) are amortized equally over a period of three years. h. As per Institute’s Policy there is no mandatory requirement to follow Useful Life concept of

Depreciation on Fixed Assets. 6. Impairment of Assets

The carrying amounts of assets are reviewed at each Balance Sheet date if there is an indication of impairment based on internal / external factors. The impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is higher of asset’s net selling price or value in use. In assessing the value in use, the estimated future cash flows are discounted to their present value at the weighted cost of capital.

7. Inventories

Inventories of Consumables, Publications, Study Materials, etc. are valued at lower of cost or net realizable value. The cost is determined on FIFO basis. 8. Foreign Currency Transactions

a. Foreign currency transactions are recorded on initial recognition in the reporting currency by applying to the foreign currency amount at the exchange rate prevailing as on the date of transactions.

b. All incomes and expenses are translated at average rate. All monetary assets / liabilities are translated at the year end rates whereas non-monetary assets are carried at the rate on the date of transaction.

c. All incomes or expenses on account of exchange rate difference are recognized in the Income and Expenditure Account.

9. Employee Benefits (Not applicable for RO / Chapter)

10. Provisions

A provision is recognized when an enterprise has a present obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligations at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.

11. Contribution to Approved Funds (Not applicable for RO / Chapter).

12. Allocations / Transfer to Reserves and Surplus and Earmarked Funds a. Corpus donation / donation for Building & Other Specific Fund received during the year is

directly taken to such Reserve. b. Earmarked funds are invested in Fixed Deposits.

13. Old outstanding amounts under the heads of ‘Earnest Money Deposits, Retention

Money, Security Deposits and Stale Cheques’

Earnest Money Deposits, Retention Money, Security Deposits and Stale Cheques remaining unpaid for more than three years after the due date for payment, wherever applicable, is treated as income.

(B) NOTES TO ACCOUNTS

1. Fees Received in Advance from Members amounting Rs. 15,40,300/- under the head

“Other Current Liabilities under Note – 4”, relates to Annual Membership Scheme (AMS-2019) Fees. These amounts are to be recognized as and when these programmes are to be conducted in subsequent financial year. Rs.10,38,017/- has been transferred to Income & Expenditure Account during the year and recognised as income being the surplus amount for AMS-2018 and all earlier AMSs to reflect a true and fair view of the financial statement pursuant to the decision taken in 299th Meeting of EIRC of ICSI held on 20th April 2019.

2. Fees Received in Advance from Students amounting Rs. 14,63,650/- under the head

“Other Current Liabilities under Note – 4”, includes fees received in advance on account of MSOP Rs.45,050/-, on account of SIP Rs. 4,92,000/-, on account of EDP Rs.7,83,000/-, on account of PIP Rs. 15,000/-, on account of PEGP Rs. 9,000/- , on account of PSDP Rs. 116,000/- and Student Conference (2019-20) Fee in advance Rs. 3,600/-. These amounts are to be recognized as and when these programmes are to be conducted in subsequent financial years.

3. Rs.2,52,048/- of GST Input Tax Credit relating to Banquet charges of hotels and pro-rata

basis expenses on common services for the financial year 2017-18 has been availed during the current financial year as Input Tax Credit and claimed in GSTR-3B returns

filed for EIRC of ICSI within due dates as per Order No. 02/2018-Central Tax dated 31st

December, 2018 issued by the Central Board of Indirect Taxes & Customs.

4. Contribution (Assets) under the head ‘Contribution to Land & Building’ under the broad head ‘Reserves & Surplus’ (Note-1) includes:-

A) Rs.2,50,000/-towards Contribution to Guwahati (NE) Chapter on account of Land & Building and

B) Rs.67,000/- towards Contribution to Bhubaneswar Chapter on account of Building Renovation.

5. One Projector Epson EB-X03 costing Rs.40,632/- having WDV of Rs.23,393/- and

7 (seven) Fire Extinguishers costing Rs.38,611/- having WDV of Rs.18,136/- were disposed off during the year being obsolete & scrap and new models were purchased as replacement under buy-back schemes for both the category of assets. Rs.14,579/- has been realized as proceeds from disposal of all these assets and Rs.26,950/- has been booked under Loss on Sale of Assets during the year.

6. Contingent Liability - NIL (Previous Year - NIL).

7. There has been no Donation made in kind during the year.

8. There is no Related Party Transactions in terms of AS-18 in current the year.

9. Previous year’s figures have been regrouped / rearranged wherever considered necessary.

10. All the Figures have been rounded off to the nearest of rupee.

As per our report of even date. For and on behalf of the EIRC of ICSI For H.R. Agarwal & Associates Chartered Accountants Sd/- Sd/- Sd/- FRN: 323029E Rajesh Chura Priyadarshi Nayak Anil Kr Dubey Chairman Vice-Chairman Secretary Sd/- Shyam Sundar Agarwal, FCA Sd/- Sd/- Sd/- Partner Rajesh Mittal DVNS Sarma Gautam Mullick M No. 060033 Treasurer Regional Director AD (F&A)

Place: Kolkata Date: 25-05-2019

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