June & July - Icsi

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Full Day Seminar on Statutory Compliance on 15th May, 2010 at Hotel Krishna Palace in Kemp’s Corner 

Dr. S. D. Israni, 

PCS 

Dr. S. K. Jain, 

PCS 

Shri Keyoor Bakshi, 

PCS & Past President, 

ICSI 

Shri J. K. Jolly, 

Joint Director, MCA 

Shri Anubhav Ray, 

SEBI 

Shri L. D. D’souza, 

Senior Advocate 

Shri Ramasubramanian, 

Ex-GM RBI 

Lighting of the Lamp : Smt Ragini Choksi, 

Shri Mahavir Lunawat & Shri S. N. Anathasubramanian 

Delegates 

Full Day Seminar on Stamp Duty Dt and SAT on 19th June, 2010 at Landmark Hotel in Goregaon 

Shri Sharad Avhayankar, 

ANS Law 

Dr. S. K. Jain, 

PCS 

Shri J. J. Bhatt, 

Senior Advocate 

Smt. Rinku Thakur, 

SAT Consul 

Study Circle on Easy Exit Scheme & Company Law Settlement in WIRC on 18th June, 2010 

Shri Henry Richard, Hon’ble ROC Mumbai 

Shri Tushar Shridaharani, Smt Ragini Chokshi, Shri Kaushik Jhaveri, & 

Hon’able ROC, Henry Richard 

Study Circle on Secretarial Audit and Easy Exit Scheme in Bhavans College in Andheri on 13th June, 2010 

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Shri S. N. Ananthasubramanian addressing on 

“Secretarial Audit” 

Shri Suresh Thakurdesai addressing on “Exit Scheme” 

The Inaugural Session, Shri Rajkumar Tiwari, 

Kaushik Jhaveri, S. N. Ananthasubramanian & 

Suresh Thakurdesai 

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June & July, 2010

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Dear Professional Colleagues, 

We professionals always have a question to ponder upon as to What next This 

is a typical question which we professionals keep on asking and we, as Council 

members, always have a major thrust on deciding the next course of action. 

Friends, you will agree that our efforts are always targeted towards professional 

updation and to bring-in the most contemporary subjects for discussion. We are 

conducting programmers for your benefit on the subjects of professional interest 

and I am sure, as Chairman, I would be able to give to you something in terms 

of dissemination of knowledge. 

From the Chairman 

I, as member of the Institute falling under WIRC would await eagerly for the 

Annual Regional Conference and the National Conventions. I am sure that the 

same would be happening to you also. The eagerness has now come to an end 

and is getting translated into reality since the WIRC’s Annual Regional Conference 

is being convened. Yes, WIRC is organizing its most eagerly awaited event i.e. 

WIRC Annual Regional Conference at Hotel Surya Palace, Vadodara on the theme 

of “Emerging Dimensions of the Profession”. The subjects to be deliberated at the 

regional conference are: (1) Mergers & Acquisitions -Technical & Taxation aspects, 

(2) NCLT how to excel (3) SMEs’ and their Listig – what is all about, (4) MCX 

– commodity markets and derivatives – role of CS, (5) New dimensions for CS 

Profession - what is there inside. 

Needless to mention that the top ceded faculties who are authority in their 

respective fields would address the Conference and I can, for sure, say that if 

you will miss this conference, you would be missing something which is much 

needed for the academic growth. A detailed brochure of the conference is given 

in the current issue of FOCUS. Friends, I will eagerly await to receive all of you 

to this annual conference at “Sanskari Nagari”, Vadodara. 

I would also take this opportunity to urge you to be a delegate for the Annual 

Conference and also if possible give whatever support in terms of advertisement 

in Souvenir/ Sponsorship etc. 

Friends, I would also like to remind you once again that we do not exist just 

because we have to exist but our life and actions certainly have some meaning 

and one such vital step which can help the entire fraternity of Company 

Secretaries is by becoming a member of CS Benevolent Fund. Therefore, it would 

be our august duty to increase the membership of this fund because by paying 

a lifetime membership fee of Rs.2500/-, we extend lot of support to the members 

families in distress. Please remember that the fees to the CS Benevolent Fund is 

a one time payment and please be generous and become the Member of the CS 

Benevolent Fund. 

With kind regards, 

Vishvesh V. Vachhrajani, 

Chairman, ICSI-WIRC 

Date : 1st July, 2010 

Place : Vadodara 

Editorial Board : CS Vivek S. Sadhale (Editor), CS Ashish Doshi, CS Vishvesh V. Vachhrajani, CS Mahavir Lunawat. 

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WESTERN INDIA REGIONAL COUNCIL 

Office : 13, 56 & 57 Jolly Maker Chambers No.2, First Floor, Nariman Point, Mumbai – 400021 

Tel. Nos.: 22047604 / 22047580 / 22844073 / 22047569 Email: wiro@icsi.edu 

THIRTY FOURTH ANNUAL REPORT OF THE COUNCIL 

OFFICE BEARERS FOR THE YEAR - 2010 

Chairman : Vishvesh V. Vachhrajani 

Vice-Chairman : Makarand Lele 

Secretary : Mahavir Lunawat 

Treasurer : Ashish C. Doshi 

OTHER REGIONAL COUNCIL MEMBERS 

S. N. Ananthasubramanian Milind B. Kasodekar 

Om Prakash Bagdia 

Vinayak S. Khanvalkar 

Keyoor M. Bakshi 

Vikas Y. Khare 

Rakesh Chandra (Co-opted) 

Atul H. Mehta 

Ragini K. Chokshi (Ms.) 

B. Narasimhan 

Ashish Garg 

Vivek S. Sadhale 

Gopal Krishnan Iyer (Co-opted) 

Umesh H. Ved 

Jayshree Joshi (Ms.) 

Sudipto Pal, Joint Director, ICSI-WIRO 

Statutory Auditors : P. K. Mahadevan & Associates, Chartered Accountants, Mumbai. 

Internal Auditors : Ford, Rhodes, Parks & Company, Chartered Accountant, Mumbai 

Bankers : Syndicate Bank, ICICI Bank, Corporation Bank, 

HDFC Bank, Canara Bank, State Bank of India & Bank of India 

Head Office: ‘ICSI House’, 22, Institutional Area, Lodi Road, New Delhi 110 003. 

Phones: 45341000, 41504444 (STD Code 011) Fax: 011-24626727 E-mail: info@icsi.edu Website: www.icsi.edu 

NOTICE 

THIRTY FOURTH ANNUAL GENERAL MEETING 

Notice is hereby given that the Thirty Fourth Annual General Meeting of the Western India Regional Council (WIRC) 

of the Institute of Company Secretaries of India (ICSI) will be held on Friday, the 30th July, 2010 at 4.00 P.M. at the 

ICSI-WIRC premises, 13, Jolly Maker Chambers No. 2, First Floor, Nariman Point, Mumbai - 400 021, to transact the 

following business. 

1. To consider and adopt the Audited Accounts for the year ended 31st March, 2010 together with the reports of 

the Regional Council and Auditors’ Report thereon. 

2. To appoint Statutory Auditors for the year 2010-11 and authorise the Council to fix their remuneration. 

3. To transact such other business as may be brought before the meeting with the permission of the Chair. 

By order of the Western India Regional Council of 

The Institute of Company Secretaries of India 

Mumbai 

Dated: 12th June, 2010 

Notes : If within half an hour from the time appointed for a meeting a quorum is not present, the meeting stands adjourned to the 

same day in the next week at the same time and place and at such adjourned meeting, the members present shall constitute 

the quorum. (regulation 138) 

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Mahavir Lunawat 

Secretary 

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REPORT OF THE REGIONAL COUNCIL FOR THE YEAR 2009-2010 

Dear Members, 

The Western India Regional Council of The Institute of Company Secretaries of India has the pleasure in presenting 

its 34th Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2010. 

1. Regional Council: 

The Election to the Western India Regional Council was conducted on 19th December, 2009 and the new office 

bearers took charge from 19th January 2010. The Regional Council elected Shri Vishvesh V. Vachhrajani as 

Chairman, Shri Makarand Lele as Vice-Chairman, Shri Mahavir Lunawat as Secretary and Shri Ashish C. Doshi 

as Treasurer for the calendar year 2010. The Regional Council also formed various Committees for the year 2010 

as detailed in Annexure ‘A’ to this Report. 

2. Members: 

The total number of members under the jurisdiction of the Western Region as on 31st March, 2010 was 7319 

as against 6675 as on 31st March, 2009. 

3. Students: 

The number of Registered Students from the Region as on 31st March, 2010 was 46042. as against 32753 as 

on 31st March, 2009. 

4. Activities: 

Maintaining the high traditions of the WIRC for dissemination of useful information and updating professional 

knowledge on the subjects of interest to the profession, number of talks, lectures, seminars, symposiums, study 

circle meetings and other professional development programs were organised by WIRC during the year under 

review. Details of these programmes are given in Annexure ‘B’ to this report. 

Annual Regional Conference 2009 was conducted on 3rd & 4th April, 2009 at Panvel jointly with Navi 

Mumbai Chapter of ICSI-WIRC. 10th All India Conference for Student, Company Secretaries held on 3rd & 

4th July, 2009 at Nagpur jointly with Raipur Chapter. Full Day Seminar on Good Governance and Compliance 

Management was organized on 27th March, 2010 at Hotel Glen view, Pachmarhi, Madhya Pradesh. Full 

Day Seminar on Limited Liability Partnership was also organized on 28th March, 2010 at Hotel Glen View, 

Pachmarhi, Madhya Pradesh under the aegis of National Foundation of Corporate Governance (NFCG). 

Program Membership Scheme was floated in the year 2008 for the benefit of Members and Corporates in the 

Western Region to enable them to swiftly register for the programme and also to take the benefit of discounted 

fees. There were in total 78 members consisting of individuals and corporates who enrolled for the scheme and 

in the year 2008, In the year 2009 similar scheme under the name of PMS 09 was introduced with the validity 

of one year from the date of registration. 182 members were enrolled for the scheme. In the year 2010 many 

of the members have renewed their registration to the Program membership Scheme while many new members 

joined the scheme. 

During the year under review WIRC acquired new additional office space admeasuring 2206 Sq. feet at 56 & 

57 in the same building and with this a long cherished dream all of us could see the light of the day/Needless 

to mention that this is an addition to the existing office at of WIRC admeasuring 1173.27 sq.ft. 

The new office was inaugurated by Shri Datla Hanumanta Raju, immediate Past President, ICSI on 18th 

December, 2009. 

The Council expresses its heart felt gratitude to all those who made it possible and particularly to the ICSI- 

WIRC Building Committee for its dedication and commitment in the accomplishment of the goal. 

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5. Chapters: 

At present, there are Sixteen Chapters under the jurisdiction of WIRC consisting of serving members and 

students of the Institute in the Western Region. These Chapters are located at Ahmedabad, Aurangabad 

Bhopal. Dombivli, Goa, Indore, Kolhapur, Nagpur, Nasik, Navi Mumbai, Pune, Raipur, Rajkot, Surat, Thane and 

Vadodara. The details of the Chapters contact address and office bearers are available on the website of ICSI 

(www.icsi.edu) . 

All Chapters regularly conduct professional development programs such as Seminars, Talks, Study Circle 

Meetings and the like for the benefit of the members and students. 

6. Student Services: 

(a) Oral Tuition Classes: 

WIRC, during the year under review continued to provide the Oral Tution facilities through its existing 

Oral Coaching Centers at Churchgate, Ghatkopar & Malad in Mumbai under the auspices of ICSI-Sydenham 

College Training Centre, ICSI-Smt. P. N. Doshi Women’s College Training Centre & ICSI-MKES College 

Training Centre respectively. Besides this, Oral Training Centres are functioning at Thane & Dombivli 

under the guidance of respective Chapters in Mumbai Metropolitan area. Oral Coaching Centres beyond 

Mumbai Metropolitan Area are conducted by other Chapters. 

(b) 

Prize Awards: 

Students from the Western Region have won a number of awards/prizes for their meritorious performance 

in the Institute’s examinations held in December 2008 and June 2009. 

(c) 

Secretarial Modular Training Programmes, Management Skill Orientation Programme, Training 

Orientation Programmes, Academic Development Programme, Executive Development Programme & 

Student Induction Programme. 

WIRC conducted Eight Secretarial Modular Training Programs (SMTP), one Management Skill Orientation 

Programme (MSOP) during the year under review to facilitate the Final passed students in fulfilling their 

training requirements and for getting membership of the Institute. Ahmedabad and Pune Chapters also 

conducted SMTPs during the year. 

Further, WIRC conducted Eight Training Orientation Programs (TOP) for Intermediate Passed students 

for facilitating their Management/Apprenticeship Training as per CS Regulations. Many Chapters have 

also conducted this programme. WIRC also conducted Four Academic Development Programme (ADP). 

Three Executive Development Programme (EDP) and one Student Induction Programme (SIP) as per CS 

Regulations. 

All these training programmes got very good response and WIRC is hopeful to cater the need of many 

more students during the coming years. 

(d) Career Awareness : 

Recognising the importance of Career Awareness programs for enrolling the students, WIRC organized 

large number of such programs at various colleges, schools and other institutions at Mumbai, Thane, 

Bhiwandi, Kalyan, Dombivali, Ulahasnagar and also at the Chapters across the region. WIRC and its 

Chapters had also participated in many Career Fairs / Exhibitions in order to popularise C.S. profession 

as a Career choice. 

(e) 

Evaluation of Response Sheets: 

WIRC carried out local evaluation of response sheets for the students studying in Foundation/Foundation 

Programme, Intermediate / Executive Programme and Final/Foundation Programme of the Institute. 

WIRC also made necessary arrangements for issue of Coaching Completion Certificates to the successful 

students. 

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7. Library: 

The Library at WIRC continued to grow with subscription to prominent newspapers, law Journals and by 

purchase of books of professional relevance. Library facilities at ICSI - Sydenham College Training Centre, 

ICSI - Smt. P.N. Doshi Women’s College Training Centre and ICSI - MKES College Training Centre are also used 

by the students. Library facilities are also available at the Chapter level as well. 

8. News Bulletin: 

The news bulletin of the WIRC, “FOCUS” carrying useful and educative articles, regional news, chapter news, 

reports on conferences, workshops etc. was published every month during the year. The Regional Council is 

continuously endeavoring to improve its standards to ensure that it becomes and remains most contemperory. 

9. Placement Services: 

The Placement cell of WIRC has been responding to requisitions received from various employers from time 

to time. WIRC also assists students to find placements for Management / Apprenticeship Training under CS 

Regulations. 

10. Members’ Response: 

Activities of WIRC are meant to help members in updating their knowledge and sharing their experiences. 

Conferences, Seminars and Study Circle Meetings have been organised to stimulate fruitful discussions on 

professional matters with a view to augment knowledge and expertise of members in diverse fields. Special 

Study Circles / Programmes were organised for Practising Company Secretaries. WIRC is ever keen to improve 

the standards and to impact its activities and suggestions are welcome for the purpose. It is always felt that 

wisdom does not lie only at the Top. We solicit support, suggestions and ideas from members for enhancement/ 

improvement of activities at WIRC. 

11. Group Insurance scheme: 

WIRC had introduced group insurance scheme for the members of ICSI in the western region through LIC. 

Currently there are 246 members, who have enrolled for the scheme. 

12. Research & Publication 

WIRC has published Corporate Compliance Calendar 2009 – 2010. 

WIRC look forward to publish more important publications in near future. 

13. Auditors: 

M/s. P.K. Mahadevan & Associates, Chartered Accountants, Mumbai. The Auditors will retire at the forthcoming 

Annual General Meeting and being eligible for reappointment suitable resolution for their appointment is placed 

for the approval of members. 

14. Acknowledgment: 

WIRC places on record its deep sense of appreciation for the active co-operation extended by the faculty 

members at the Conferences, Seminars, Study Circle/Lecture Meetings, Secretarial Modular Training Programmes 

& Training Orientation Programmes, Advertisers and also Sponsors of various programs, Members and Office 

bearers of Managing Committees of Chapters and Satellite Chapters, Honorary Directors, Professors in charge, 

Faculty members of Oral Coaching Centers as well as College Authorities of these centers, the Secretary & CEO 

and other Staff Members at the Head Office of the Institute.. 

The Council also express its deep sense of appreciation to the Team-WIRC for their co-operation and deliverables 

because without their support it would have not been possible to spearhead into all the events during the year 

under review 

For and on behalf of the Western India Regional Council 

Of The Institute of Company Secretaries of India 

place : Mumbai 

Date : 12th June, 2010 

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VISHVESH V. VACHHRAJANI 

CHAIRMAN 

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EXECUTIVE COMMITTEE 

Shri Vishvesh V. Vachhrajani 

Shri Makarand Lele 

Shri Mahavir Lunawat 

Shri Ashish Doshi 

ANNEXURE ‘A’ 

COMMITTEES OF WIRC FOR THE YEAR 2010 

Chairman 

Vice Chairman 

Secretary 

Treasurer 

Shri Vrushal Soudagar (Nashik) 

Shri Sangarm Ghatge (Kolhapur) 

Shri Sameer Ashraf (Bhopal) 



Member 

Member 

Member 

Ex-Officio 

Ex-Officio 

ACCOUNTS & FINANCE COMMITTEE 

Shri Om Prakash Bagdia 

Chairman 

Shri Makarand Lele 

Member 


Member 

Shri Vishvesh V. Vachhrajani Ex-Officio Member 


Ex-Officio Member 

PROFESSIONAL DEVELOPMENT COMMITTEE 

Ms. Ragini C. Chokshi 

Chairperson 

Shri S. N. Ananthasubramanian Member 

Shri Atul Mehta 

Member 

Shri Pramod S. Shah 

Member 

Shri R. Narayanan 

Member 

Shri Prashant Diwan 

Member 

Shri Kaushik Jhaveri 

Member 

Ms. Jayshree Joshi 

Member 

Shri Tushar Shridharani 

Member 

Shri Snehal Shah 

Member 

Shri Lalit Jain 

Member 

Shri Bharat Upadhyay 

Member 

Shri Vikram Mishra 

Member 

Shri Himanshu Kapadia 

Member 

Shri Vishvesh V. Vachhrajani Ex-Officio 


Ex-Officio 

PLACEMENT COMMITTEE 

Shri Umesh H. Ved 

Chairman 



Ex-Officio 

EDITORIAL BOARD OF FOCUS 

Shri Vivek S. Sadhale 

Editor 


Member 



Ex-Officio 

PRACTICING COMPANY SECRETARIES COMMITTEE 

Shri Vikas Y. Khare 

Chairman 

Shri Mahendra Bhuta (Mumbai) Member 

Ms. Tannvi Kulkarni (Mumbai) Member 

Shri Shridhar Kulkarni (Pune) Member 

Shri Y. C. Rao (Raipur) 

Member 

Shri Ajit Jain (Indore) 

Member 

Shri Chirag Shah (Ahmedabad) Member 

Shri M. R. Kulkarni (Aurangabad) Member 

Shri Shrikant V. Gaonkar (Goa) Member 

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PUBLIC RELATION COMMITTEE 

Shri Ashish Garg 



Chairman 

Ex-officio 

Ex-officio 

INFORMATION TECHNOLOGY COMMITTEE 

Shri Vivek Sadhale 

Chairman 

Shri Vishvesh V. Vachhrajani Ex-Officio Member 


Ex-Officio Member 

TRAINING EDUCATIONAL FACILITIES COMMITTEE 

Shri Atul Mehta 

Chairman 

Shri Sailesh Daga 

Member 

Ms. Aangna Arora 

Member 

Shri Hemant Pandya 

Member 

Shri Ashish Bhatt 

Member 

Shri Hitesh Kothari 

Member 

Shri R.T. Rajguroo 

Member 

Shri S.N. Ananthasubramanian Member 

Dr. S.K. Jain 

Member 

Shri Vishvesh V. Vachhrajani Ex-officio 


Ex-officio 

PROFESSIONAL RESEARCH & PUBLICATION 

COMMITTEE 

Shri Vikas Y. Khare 

Chairman 

Dr. D.K. Jain (Indore) 

Member 

Shri Omprakakash Bagdia (Nagpur) Member 

Shri Hitesh Buch (Ahmedabad) Member 

Shri Jitendra Bhagat (Surat) Member 

Shri Vivek Sadhale (Pune) Member 

Ms. Swati Rane (Goa) 

Member 

Shri Sunil Nanal (Pune) 

Member 

Shri Makarand Joshi (Mumbai) Member 

Shri Anshul Jain (Mumbai) Member 

Shri Hemant Pandya (Mumbai) Member 



Ex-officio 

. 

LIBRARY COMMITTEE 

Ms. Ragini K. Chokshi 

Chairperson 



Ex-officio 

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ANNEXURE –B 

PROGRAMMES ORGANISED BY WIRC 

Sr. Programme Details Faculty Date, Time & Venue No. of 

No. 

Participants 

1. Annual Regional Conference 2009 CS Deepak Ghaisas Ex-CEO, iflex Solutions and 3rd & 4th April 2009 83 

on “Transforming Inscriptions CEO, Gencoval At Aayush Resort, Panvel 

into Values” 

Ms. Neelam Bhardwaj General Manager 

Division of Issues & Listing Corporation Finance 

Dept.Securities and Exchange 

Board of India, Mumbai 

Shri Dwarko T. Khilnani Ex-Officer, 

Reserve Bank of India & NRI Consultant 

CA Sujal Shah, Practising Chartered Accountant 

Shri Shankar Chakraborty 

Head of Business Development, 

CRISIL Ratings 

CS S.N. Ananthasubramanian 

Central Council Member, the ICSI and 

Practising Company Secretary 

Shri Bipul Khanduri, 

Assistant Vice President, AON Global 

Insurance Brokers Pvt. Ltd. 

Shri V.S. Sundaresan 

General Manager Securities & 

Exchange Board of India, Mumbai 

CS Nayan Rawal Advocate & IP Attorney 

CS K.R. Chandratre (Dr.) Past President, 

the ICSI and Practising Company Secretary 

Shri Shameek Ray Associate, ABZ & Partners, 

Advocates & Solicitors 

Shri Khushrow Dubash 

Consultant 

2. Study Circle meeting on Mr. Kashyap Vaidya, CA 17th April 2009 52 

“Provisions, Procedures & 

WIRC premises 

Registration of Limited 

Liability Partnership Act 2009” 

3. Ladies Special Ms. Neelam Bhardwaj (GM in SEBI) 18th April 2009 94 

CS Savitri Parekh (Former Central Council 

Venue : Kamalnayan 

Member, the ICSI) 

Bajaj Hall, Bajaj Bhavan, 

CS Geeta Bade CS Neeta Phaterphekar 

Nariman Point, 

CS Dipti MehtaCS Jayshree Joshi Mumbai - 400021 

4. Full Day Seminar on Inspection, Shri M.R. Bhatt 25th April 2009 57 

Investigation under various Joint Director (Inspection) Kamalnayan Bajaj Hall 

Corporate Acts 

MCAShri Sunil Kadam 

General ManagerSecurities & 

Exchange Board of India 

CA Shri Vimal Punmiya 

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No. 

Participants 

Shri Sahil Malik 

Assistant General Manager 

Securities & Exchange Board of India 

5. Full Day Seminar on Buy back of Shri Santosh Kumar Sharma 9th May 2009 59 

Shares, Valuation of Shares, General Manager Securities & M. C. Ghia Hall, 

Transfer and Transmission Exchange Board of India Bhogilal Hargovindas Bldg., 

of Shares 

2nd Floor18./20, 

Ms. Shailashri Bhaskar 

K. Dubash Marg, 

Practising Company Secretary, Ex-SEBI Mumbai – 400001 

Shri Dara Kalyaniwala 

Head Investment Banking of 

Prabhudhar Liladhar 

Shri Nishchal Joshipura 

Senior Member of Nishith Desai Associates 

CS Vaidyanathan 

Nishith Desai Associates 

CA Kashyap Vaidya 

6. Study Circle Meeting on Mr. J.J. Bhatt 15th May 2009 15 

Discussion on “Simplification and Advocate WIRC premises 

Uniformity in the process of 

Weeding out / Rejection of 

Applications in Primary Market 

Transactions through use of 

Permanent Account Number” 

7. Study Circle Meeting on “IFRS” Mr. Rammohan Bhave 22nd May 2009 10 

WIRC premises 

8. Full Day Seminar on Shri Vijay Mukhi 6th June 2009 84 

“Legal Outsourcing & Cyber Laws” An eminent and expert in IT Industry Kamalnayan Bajaj Hall, 

Bajaj Bhavan 

Shri Ashish Chandra 

Nariman Point, Mumbai 

Manager-Legal & Company Secretarye 

Bay India Private Limited, Mumbai(India) 

Shri Subramanian Vutha, 

Former Senior Vice President Legal, 

Tata Infotech Ltd. (Earlier Tata Unisys Ltd.) & 

of Schoolnet India Ltd. 

Shri Rahul Chitnis 

Legal Expert in LPO 

9. Full Day Seminar on Shri Dwarko T. Khilnani 20th June 2009 55 

“Money Laundering & Ex-Officer, Reserve Bank of India & Kamalnayan Bajaj Hall, 

Economic Offence” NRI Consultant Bajaj Bhavan, 


Shri Vikas Tandon Head Compliance 

International branches and 

Money Laundering Reporting 

Officer (MLRO), Joint General Manager 

ICICI Bank Limited 

Shri Kanaiya Thakker, Chief- Legal 

Asian Paints Ltd 

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No. 

Participants 

Shri Sanjay SaxenaAdditional Commissioner 

of Police Economic Offences Wing 

Shri Anil Harish, Partner, 

D M Harish & Co, Advocates 

10. 10th All India Conference of Shri Datla Hanumanta Raju, 3rd & 4th July 2009 425 

Student Company Secretary at President, Nagpur 

Nagpur : A Grand Success i.e. 

Shri Vinayak Khanvalkar, Vice President 

“Zeal for the Corporate Excellence” Shri N.K. Jain, Secretary & CEO 

Shri B. Narasimhan, Central Council Member 

Shri Atul Mehta, Chairman, WIRC 

Shri Makarand M. Lele, Secretary, WIRC 

Shri Vivek Sadhale, Chairman, TEFC 

Shri Vikas Khare, Past Chairman, WIRC and 

11. Full Day Seminar on “FORMATION Shri M.A. Kuvadia Joint Director 4th July 2009 55 

and ADMINISTRATION OF Office of Regional Director, Western Region WIRC premises, Mumbai 

SECTION 25 COMPANY, TRUST, CS Jayavant Bhave, 

SOCIETIES & AOP” 

Practising Company Secretary, J B Bhave & 

Co.Shri Vijay Joshi, Chartered Accountant 

Mr. Suhas Tuljapurkar, Partner, Legasis Partner 

12. TELECAST & Shri Kanu Doshi Monday, 6th July 2009 at 30 

DISCUSSION ON BUDGET 2009 Shri Suresh Dhoot 10.00 am 

Shri A. Lahiri 

WIRC Premises, Mumbai 

13. STUDY CIRCLE MEETING ON Ms. Shashikala Rao Friday, 10th July 2009 48 

PREFERENTIAL Vice President Reliance Industries Ltd. WIRC premises, Mumbai 

ALLOTMENT OF SHARES 

14. TWO DAYS NATIONAL Dr. K Ramakrishnan Friday & Saturday17th & 70 

WORKSHOP ON DILIGENCE Chief Executive Indian Banks’ Association 18th July 2009 

REPORT FOR BANKS Shri S.N. Ananthasubramanian M.C. Ghia Hall, Mumbai 

Practising Company Secretary, 

Mumbai & Council Member, ICSI 

Shri Gopalkrishnan Iyer 

General Manager – Corporate Services 

Bombay Stock Exchange Ltd. 

Shri M V Phadke General Manager (Legal) 

IDBI Bank Ltd 

Dr. S.D. Israni Practising Company Secretary, 

Mumbai 

Shri R.N. Vadivelu, 

Chief Executive FEDAI, Mumbai 

Shri S Raman, Executive Director 

Union Bank of India 

15. A SPECIAL PROGRAMME ON Mr. Atul Mehta, Chairman WIRC Monday, 20th July 2009 20 

COMMON TOPIC OF E-FILING, Mr. Makarand Lele, Secretary WIRC 03.00 pm WIRC premises 

ONLINE FORMATION OF Mr. Kaushik Jhaveri, Practicing Company Secretary 13 Jolly Maker Chambers 

COMPANIES, DRAFTING 

No. 2, First Floor, 

MOU – AA – 

Nariman Point 

COMMON MISTAKES 

16. Full Day Seminar on Managerial Shri Khushroo B. Panthaky, Saturday 25th July 2009 64 

Remuneration, ESOP & FBT Partner, Walker, Chandiok & Co., Mumbai M.C. Ghia hall Mumbai 

(Post Budget Implications) 

Shri R.N. Bhave, CFO 

Shri Ram Mallar Corporate Lawyer R & 

R Associates 

Ms. Garima Sharma and 

Ms. Mayuri, Manager 

KP Corporate Solutions Pvt. Ltd. 

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No. 

Participants 

17. 10TH NATIONAL CONFERENCE Shri Sanjay Grover, Shri Atul Mehta, Friday & Saturday 226 

OF PRACTISING Shri Milind B Kasodekar, Shri Vinayak S Khanvalkar, 31st July & 1st August 2009 

COMPANY SECRETARIES Shri Datla Hanumanta Raju, Shri Mukesh Malhotra, at Yashwantrao Chavan 

Shri Allen C A Pareira, Shri Prajot P. Tungare, 

Academy of Administration, Pune 

Shri N K Jain, Shri J Sridhar, Shri Mahesh A Athavale, 

Shri Shailesh Gadre, Adv. Sanjay Sanghvi, 

Shri A Shivram Nair, Adv. Shri. Asim Sarode, 

Shri Keyoor Bakshi, Past President, 

Shri Rajkumar Adukia, Adv. Shri Anand Desai, 

Adv. Shri P A Noronha, Shri Ashok Mehta, 

Shri S N Anathasubramanian, Dr. Vijay Bhatkar 

18. Full Day Seminar on Dr. S.D. Israni, Practising Company Secretary Saturday 8th August 2009 71 

Restructuring of Companies and Ex-Central Council Member, the ICSI Kamalnayan Bajaj Hall, 

Mr. Mehul BhedaAssociate Director with tax 


practice in Pricewaterhouse 

Ms. Lata MoreDirector, Corporate Finance 

BDO Haribhakti Consulting Pvt. Ltd. 

Mr. Vikram Raghani, Partner, J Sagar Associates 

Mr. Sharad Abhyankar, SNA Law 

Mr. B. Renganathan, Company Secretary, Edelweiss 

19. Full Day Seminar on Shri Prakash Pandya Saturday, 23 

Limited Liability Partnership Shri Pankaj Adukia 5th September 2009 

WIRC premises, Mumbai 

20. Study Circle Meeting on Mr. B. Narasimhan, Central Council Member, 11th September 2009 40 

“New Company Bill vs the ICSI WIRC premises, Mumbai 

383 A – A Right Way forward” 

21. Full Day Seminar on Ms. Ragini Chokshi, Chairperson, PDC of 12th September 2009 38 

Labour Laws & its compliance ICSI-WIRC Venue : Kamalnayan Bajaj 

Mr. Somnath Majumdar, CS - Bombay Dyeing Ltd. Hall, Bajaj Bhavan, 

Mr. Jagdish Tambe - Chief Guest, 

Nariman Point, 

Regional Provident Fund Mumbai - 400021 

Commissioner II - Mumbai 

Mr. Vijay Joshi, Chartered Accountant 

Mr. Pramod Shah, Chairman of the session 

Mr. Lancy D’Souza Legal Adviser, 

Mr. J.K.Madan, BA, LLB, MLW 

Ms. Shobha Gopal, Mr.Arvind V BedekarAdvocate 

22. TWO DAYS INTENSIVE AND Mr. Rajesh Doshi Vice President, Future Capital Friday & Saturday, 34 

INTERACTIVE WORKSHOP Mr. Deepak Kumar, Deputy General Manager, RBI 18th & 19th 

ON FEMA Mr. Asit Mehta, Practising FEMA September 2009 

Mr. Dwarko Khilnani, Consultant, FEMA 

WIRC premises, 

Mr. Kiran Deshpande, Chief Investment Officer, 

Deutsche Bank 

Mr. V. Sithapathy, Principal Officer, VIG Insurance 

Ms. Sudha Gupta, 

Practising Chartered Accountant Nariman Point, Mumbai. 

23. Study Circle Meeting on Mr. Abhay Arolkar Friday, 10 

Direct Tax Code 25th September 2009 

24. (THREE DAYS RESIDENTIAL Mr V.S. Khanvalkar Vice President, ICSI. Friday, Saturday & 23 

PROGRAMME FOR PRACTICING Mr. Ajay Kumar, Practising Company Secretary Sunday, 2nd, 3rd & 

COMPANY SECRETARIES) Mumbai. 4th October 2009 at 

ON “MULTI SKILLING FOR Mr. Mahesh Athavale, Past President ICSI ICSI- CCRT, 

GROWTH AND PROSPERITY” Practising Company Secretary, NAVI MUMBAI 

Mr. Vikas Khare and 

Mr. Sunil Nanal, Practising Company Secretaries, 

Mr. Vishvajit Honap, Chartered Accountant. 

Mr. Sharad Abhyankar, Mr. Mahesh Kasbekar 

Mr. Prakash Pandya, Dr. K.R. Chandratre 

Mr. Lancy D’Souza, Mr. Kishor Shastri, Mr. Ajay Kumar 

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Participants 

25. Two Days Workshop on Shri Mahesh Athavale, Friday & Saturday, 123 

Scrutiny of Balance Sheet Past President of ICSI – WIRC 9th & 10th October 2009 at 

Partner, KANJ Associates 

M.C. Ghia Hall, 

Shri Vikas Khare 

Bhogilal Hargovindas Building, 

Past Chairman, ICSI – WIRC 2nd Floor, 18/20, 

Partner, KANJ Associates 

K. Dubash Marg, 

Shri Keyoor Bakshi, Past President of Mumbai - 400001. 

ICSI - WIRC, Shri M R Bhatt 

Joint Director, M.C.A.Shri Vijay Mishra 

C.A., C.S.Company Secretary 

Indokem, PWC Auditor 

Shri Pankaj Adukia 

Ms. Sudha Gupta 

Shri Rajesh Doshi 

26. Farewell to Dignetories Retirement Shri S. Balasubramanian, Wednesday, 28th 65 

Chairman, CLB and October 2009 

Shri D.K. Gupta, ROC, Maharashtra, 

Kamalnayan Bajaj Bhavan, 

Mumbai 

Mumbai 

27. Two Days Workshop on Shrimati Kaushalya Shantanam 13th & 14th 26 

IPR on Friday & Saturday, IPR Patent Attorney November 2009 at 

Shri Rahul Chitnis, Legal Expert in LPO 

WIRC premises, 

Shri Sanjay Kher, Advocate Mumbai - 400021 

Shri Nayan Rawal, Advocate & IP Attorney 

Shri Vinay Paralkar Advocate 

Shri M.P. Rao, Senior Advocate 

28. Study Circle Meeting on Dr. S. D. Israni 4th December 2009 25 

Corporate Governance Code and Shri A. Anjeneyan WIRC premises, Mumbai 

Secretarial Audit 

29. Seminar on Shri U. Venkataraman 12th December 2009 73 

Exchange for SMEs Executive Director, MCX-SX Maharashtra Chamber of 

Shri B. Narasimhan, Chairman, 

Commerce & Industry, 

Capital Markets Committee, ICSI 

Fort, Mumbai 

Shri Dilip PatelSME Consultant 

Ms. Latika Kundu 

Shri Parag Patki 

Chief Executive Officer, SME 

Dr. S.D. Israni, Proprietor & 


Shri Ravi Kumar, General Manager, SEBI 

Shri M. Pushpangadan, CEO, 

L&T Capital Pvt. Ltd., 

Shri S. Venkataraman, 

Head – Business Development, SME World 

30. Corporate Governance Award Shri Vilasrao Deshmukh, Union Minister of 19th December 2009 at 700 

function Heavy Industries and Public Enterprises International Convention Hall, 

Hon’ble Justice 

Bombay Stock Exchange Ltd., 

Shri R C Lahoti, Chairman, 

Phiroze Jeejeebhoy Towers, 

Jury and Former Chief Justice of India 

Dalal Street, Mumbai 

Shri Ashok Chhabra, Partner, 

Dua Associates, Mumbai 

Shri Prithvi Haldea, CMD, 

Praxis Consulting & Information 

Services Pvt. Ltd. 

Shri Madhu Kannan, MD & CEO, BSE Ltd. 

Shri Arun Nanda, Executive Director and 

President, Infrastructure Development 

Sector, Mahindra & Mahindra Ltd. 

Shri Govindraj Ethiraj, Editor in Chief, UTV India. 

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31. Investor Awareness Programme Shri N.P. Pandya, Assistant General Manager 29th December 2009 105 

BSE, Chief Guest 

MKES College, Malad 

Shri UnniKrishnan, Principal, 

MKES College, Malad 

32. NIRC, SIRC, WIRC & Mr. Ghanshyam Dass, Senior Advisor of KPMG Saturday 100 

EIRC jointly organized “Quartet: CS S.N. Ananthasubramanian, Chairman, 16th January 2010 

The CS Conference” on the CCGRT and Central Council Member of ICSI and Maharashtra Chamber of 

theme Thinking Beyond Practising Company Secretary Commerce & Industry 

CS R.N. Bhave, Ex-CFO Mittal Steel, 

Ex-Business Controller, Reliance Infocom and 

IFRS Consultant 

Mr. George Lamannil, Head Legal, BNP Paribas 

CS Balkrishna ParabFaculty JBIMS 

CS Anil Jhumkhawala 


Mr. Anil Mishra, Ex-Excise Officer & 

Service Tax Consultant (Chairmen of 

Regional Councils and Other Regional 

Council Members) 

CS Atul Mehta, Chairman, ICSI-WIRC 

CS Ashok Pareek, Chairman, EIRC 

CS Gopalakrishna Hegde, Chairman, SIRC 

CS Dr. S.D. Israni, Practising Company 

Secretary 

CS Ragini Chokshi, Chairperson, PDC of 

WIRCCS Makarand Lele, Secretary, WIRC 

CS Vishvesh Vachhrajani, 

Vice Chairman, WIRC 

33. Seminar on Nitty Gritty of Mr. P.K. Nagpal, Executive Director, SEBI Saturday, 100 

Securities Law CS B. Narasimhan, 30th January 2010 

Central Council Member of ICSI and 

Kamalnayan Bajaj Hall, 

Vice President, Karvy Computer 

Mumbai 

share Pvt. Ltd.Mr. Dara Kaliyaniwala 

Senior Vice President, PL India 

Mr. Rajesh Mokashi, Executive Director, 

Care Rating 

Mr. Santosh Kumar Shukla 

JT Legal Advisor, SEBI 

CS Pankaj Gupta, Head of Compliance, 

Barclays Capital 

CS (Ms.) Shailashri Bhaskar, 

Retd. SEBI Official 

Felicitation of President & Vice President 

CS V.S. Khanvalkar, President, the ICSI 

CS Anil MurarkaVice President, the ICSI 

CS Vishvesh Vachhrajani, Chairman, WIRC 

34. Study Circle Meeting on Shri B. Renganathan, Vice President Thursday 70 

Recent Trends on M & A Corporate Affairs & Group Company 18th February 2010 

Secretary Edelweiss Capital Limited 

WIRC premises 

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No. 

Participants 

35. Budget Theatre 2010 Shri Nihar Jambusaria, Executive Director, Friday 26th February 2010 22 

Haribhakti & Associates 

WIRC premises 

Shri Sudhakar Kasture, Director, Exim Institute 

Shri A. Lahiri, Ex-Director, CARE and 

Ex-Dean, ICSI-CCRT 

Shri Raju Vatsaraj, Chartered Accountant 

36. Post Budget Analysis an Interaction Dr. Manjushree Ghodke, Chief Economist, Thursday 24 

with Dr. Manjushree Ghodke, Larsen & Toubro Ltd. Mumbai 4th March 2010 

Chief Economist, Larsen & Shri S.N. Ananthasubramanian WIRC premises 

Toubro Ltd. Mumba 


37. Study Circle Meeting on Related Shri Ashesh Jani Partner Audit & Assurance Friday 80 

Party Provisions in India Deloitte Haskins & Sells Ltd. 5th March 2010 

WIRC premises 

38. Seminar on MCA Voluntary Hon’ble Roc, Joint Director (Technical) and 6th March 2010 92 

Guidelines – Authorities From MCA Landmark Party Hall 

Corporate Governance Ahead Shri B L Taparia, Executive Director, Ciba RoadGoregaon (E) Mumbai 

Ambuja Cement, Shri K Sethuraman, 

Group Company Secretary, Reliance Industries, 

Shri A Anjeneyan, Company Secretary, Tata Steel, 

Shri K Subharaman, Company Secretary of 

Unichem LabShri N.L. Bhatia 


39. Study Circle Meeting on Ms. Shashikala Rao 12th March 2010 54 

Study Circle Meeting on Vice President, WIRC premises 

Charges & Mortgages 

Reliance Industries Ltd. 

40. Full Day Seminar on Shri Somashekar Sundaresan, 20th March 2010 173 

Corporate Restructuring J. Sagar & asso.Shri Sanjay Asher, M C Ghia HallFort, Mumbai 

Senior Partner, Crawford Bailey, 

Shri Ramesh Laxman, Consultant on 

Valuation, Shri M R. Prasanna, 

Head Corporate Counsel, Aditya Birla 

Shri B.N. Srikrishna (Retd.) 

Chief Justice of India 

41. Seminar on Good Governance and Mr. (Brig) Pranab Chakraborty 27th March 2010 56 

Compliance Management CommandantAEC Training College & Panchmarhi,Madhya Pradesh 

Centre Panchmarhi 

Mr. V.V. Vachhrajani, Chairman, WIRC 

Mr. Mahavir Lunawat, Secretary WIRC 

Mr. Amit Kumar Jain Treasurer, 

Bhopal Chapter of WIRC 

42. Seminar on Limited Liability Partnership Mr. S.K. Vidhan, Chairman, 28th March 2010 56 

Bhopal Chapter 

Panchmarhi, 

Mr. S.A. Khan, Secretary, Bhopal Chapter 

Madhya Pradesh 

Mr. S.K. Agarwal, Hon’ ble ROC (MP & CG) 

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DECEMBER 2008 EXAMINATION 

ANNEXURE ‘C’ 

LIST OF PRIZE / AWARD WINNERS FROM WESTERN REGION 

Prize / Award 

WIRC Medal 

Awarded to a candidate who passes in all papers of the Final Examination, 

at first attempt, in one sitting, without claiming any exemption and obtaining the 

highest percentage of marks in the aggregate taking into account the performance 

of all successful candidates under old as well as new syllabi from 

examination centres within the Western Region 

WIRC Cash Prize 


at first attempt in one sitting, without claiming any exemption and 

obtaining the second highest percentage of marks in the aggregate taking 

into account the performance of all successful candidates under old as 

well as new syllabi from examination centers within the Western Region 

Late Shri S. Narayanan Memorial Prize Award 

Awarded to a lady candidate 

who passes in all papers of the Final Examination, at first attempt, in one 

sitting, without claiming exemption in any subject and obtaining the 

highest marks in the aggregate taking into account the performance of 

all such successful lady candidates from examination centers situated 

within the Western Region. 

Shri Kanhaiyalal N. Dusanewala Vakil (Nandurbar) Memorial Award 

Awarded to a lady candidate who passes in all papers of the 

Final Examination, at first attempt, in one sitting, without claiming any 

exemption and obtaining the second highest marks in the aggregate 

taking into account the performance of all successful lady candidates 

from examination centers situated within the Western Region. 

Past President Chinubhai R. Shah Award 

Awarded to a candidate who 

passes in all papers of the Final Examination at first attempt in one sitting, 

without claiming any exemption and obtaining the highest percentage of marks 

EITHER in Corporate Law and Practice–1, paper under the old syllabus OR in 

‘Advanced Company Law and Practice’ under the new syllabus, whichever is 

higher, taking into account the performance of all successful candidates 

under old as well as new syllabi from examination centers within the 

Western Region 

Sukhlal C. Mody Memorial Prize 

Awarded to a candidate who passes 

in all papers on the Final Examination, at first attempt, in one sitting, 

without claiming any exemption and obtaining the highest percentage of marks 

EITHER in the ‘Corporate Laws and Practice – II’ paper under the old syllabus 

OR in ‘Corporate Restructuring – Law and Practice’ under the new syllabus, 

whichever is higher, taking into account the performance of all successful 

candidates under old as well as new syllabi from examination centers 

within the Western Region 

WIRC Past Chairman, V. K. Mathur Memorial Award 

Awarded to a candidate who passes in all papers of the Final Examination, at 

first attempt, in one sitting, without claiming any exemption and obtaining the 

highest percentage of marks EITHER in the ‘Corporate Laws and 

Practice – III’; paper under the old syllabus OR in ‘Secretarial 

Practice Relating to Economic Laws and Drafting and Conveyancing’ paper 

under the new syllabus, whichever is higher, taking into account the 

performance of all successful candidates under old as well as new 

syllabi from examination centres within the Western Region 

16 

Name of the Prize Winner 

Ms. Nidhi Brijkishore Agrawal, Nagpur 

Co–winners:- 

1. Mr. Chintan Dipak Shah, Vadodara 

2. Ms. Neethu James, Pune 

Ms. Nidhi Brijkishore Agrawal, Nagpur 

Ms. Neethu James, Pune 

Mr. Rohit Maheshkumar, Ahmedabad 

Mr. Sandeep Jeevraj Kothari, Mumbai 

Mr. Ranjan Periwal, Mumbai 

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Prize / Award 

WIRC Medal 

Awarded to a candidate who passes in all papers of 

the Intermediate examination, at first attempt, in one sitting, without claiming any 

exemption and obtaining the highest percentage of marks in the aggregate taking 

into account the performance of all successful candidates under old as well as 

new syllabi from examination centres within the Western Region 


Awarded to a candidate who passes in all papers 

of the Intermediate examination, at first attempt, in one sitting, without claiming 

any exemption and obtaining the second highest percentage of marks in the 

aggregate taking into account the performance of all successful candidates under 

old as well as new syllabi from examination centres within the Western Region 


Awarded to a candidate 

who passes in all papers of the Intermediate examination, at first attempt, in one 

sitting, without claiming any exemption and obtaining the highest percentage of 

marks EITHER in the ‘Company Law and Practice–I’ paper under old 

syllabus OR in ‘Company Law’ paper under the new syllabus, whichever is 

higher, taking into account the performance of all successful candidates under 


Suguna Memorial Prize 

Awarded to a lady candidate who passes in all 

papers of the Intermediate examination, at first attempt, in one sitting, without 

claiming any exemption and obtaining the highest percentage of marks in the 



Elvina Pinto Memorial Prize Award 

Awarded to a candidate who passes in 

all papers of the Foundation examination, at first attempt, in one sitting, without 

claiming any exemption and obtaining the highest percentage of marks in the 



JUNE 2009 EXAMINATION 

Prize / Award 

WIRC Medal 


at first attempt, in one sitting, without claiming any exemption and obtaining 

the highest percentage of marks in the aggregate taking into account the 

performance of all successful candidates under old as well as new syllabi 

from examination centres within the Western Region 



at first attempt in one sitting, without claiming any exemption and obtaining 

the second highest percentage of marks in the aggregate taking into account the 

performance of all successful candidates under old as well as new 


Late Shri S. Narayanan Memorial Prize Award 

Awarded to a lady candidate who passes in all papers of the Final Examination, 

at first attempt, in one sitting, without claiming exemption in any subject 

and obtaining the highest marks in the aggregate taking into account the 

performance of all such successful lady candidates from examination 

centres situated within the Western Region. 


Ms.Sherill Pal, Bangalore 

Mr. Amit Shivhari Jalan, Mumbai 

Mr. Rahul Kumar Taori Chhindwara 

Ms. Sherill Pal, Bangalore 

Ms. ShrutiAvinash Bajaj, Gondia 


Mr. Mehta Jaymit Amitkumar, 

Ahmedabad 

Mr. Vineet Vimal Jain, 

Mumbai 

Ms. Ananta Sangeet Kumar 

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Prize / Award 


Shri Kanhaiyalal l N. Dusanewala Vakil (Nandurbar) )Memorial Award 

Awarded to a lady candidate who passes in all papers of the 

Final Examination, at first attempt, in one sitting, without claiming 

any exemption and obtaining the second highest marks in the aggregate taking 

into account the performance of all successful lady candidates from examination 

centres situated within the Western Region. 

Past President, Chinubhai R. Shah Award 

Awarded to a candidate who passes in all papers of the Final Examination 

at first attempt in one sitting, without claiming any exemption and obtaining the 

highest percentage of marks EITHER in Corporate Law and Practice–1, paper 

under the old syllabus OR in ‘Advanced Company Law and Practice’ under 

the new syllabus, whichever is higher, taking into account the performance of 

all successful candidates under old as well as new syllabi from examination 

centres within the Western Region 

Sukhlal C. Mody Memorial Prize 

Awarded to a candidate who passes in all papers of the Final Examination, at 

first attempt, in one sitting, without claiming any exemption and obtaining the 

highest percentage of marks EITHER in the ‘Corporate Laws and Practice–II’ 

paper under the old syllabus OR in ‘Corporate Restructuring – Law and 

Practice’ under the new syllabus, whichever is higher, taking into account the 

performance of all successful candidates under old as well as new syllabi from 


WIRC Past Chairman, V. K. Mathur Memorial Award 


at first attempt, in one sitting, without claiming any exemption 

and obtaining the highest percentage of marks EITHER in the ‘Corporate Laws 

and Practice – III’; paper under the old syllabus OR in ‘Secretarial Practice 

Relating to Economic Laws and Drafting and Conveyancing’ paper under the 

new syllabus, whichever is higher, taking into account the performance of all 

successful candidates under old as well as new syllabi from examination 

centres within the Western Region 

WIRC Medal 

Awarded to a candidate who passes in all papers of the Intermediate 

examination, at first attempt, in one sitting, without claiming any exemption 

and obtaining the highest percentage of marks in the aggregate taking into 

account the performance of all successful candidates under old as well as new 



Awarded to a candidate who passes in all papers of the 

Intermediate examination, at first attempt, in one sitting, without claiming any 

exemption and obtaining the second highest percentage of marks in the 

aggregate taking into account the performance of all successful candidates 

under old as well as new syllabi from examination centres 



Awarded to a candidate who passes in all papers of the Intermediate examination, 

at first attempt, in one sitting, without claiming any exemption and obtaining the 

highest percentage of marks EITHER in the ‘Company Law and Practice–I’ paper 

under old syllabus OR in ‘Company Law’ paper under the new syllabus, 

whichever is higher, taking into account the performance of all successful 

candidates under old as well as new syllabi from examination centres 


Suguna Memorial Prize 

Awarded to a lady candidate who passes in all papers of the Intermediate 

examination, at first attempt, in one sitting, without claiming any exemption 

and obtaining the highest percentage of marks in the aggregate taking into 

account the performance of all successful candidates under old as well as new 


Elvina Pinto Memorial Prize Award 

Awarded to a candidate who passes in all papers of the Foundation examination, 

at first attempt, in one sitting, without claiming any exemption and obtaining 

the highest percentage of marks in the aggregate taking into account the 

performance of all successful candidates under old as well as new syllabi from 


Ms. Priyanka Dhanesh Narang 

Ahmedabad 

Mr. Ashish Ashok Kamath, Thane 

Mr. Harsh Rajesh Kothari, Mumbai 

Mr. Priyam Bhalchandra 

Daphalapurkar Dombivli 

Mr. Jitendra Nilba Dorle, Nagpur 

Ms. Aruna Natarajan, Mumbai 

Co-winners:- 

1. Ms. Swati Ramesh Chand 

Nahar Nagpur. 

2. Mr. Pratik Upendra Shirsikar, Solapur 

3. Mr. Sekar Ramasubramanian Iyer 

Mumbai 

Ms. Aruna Natarajan, Mumbai 

Ms. Kala Krishnan, Mumbai 

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P. K. MAHADEVAN & ASSOCIATES 

CHARTERED ACCOUNTANT 

AUDITORS REPORT TO THE MEMBERS 

We have audited the attached Balance Sheet of WESTERN INDIA REGIONAL COUNCIL OF THE INSTITUTE OF 

COMPANY SECRETARIES OF INDIA, as at 31st March 2010 and also the Income & Expenditure account for the year 

ended on that date annexed thereto. These financial statements are the responsibility of the WIRC. Our responsibility 

is to express an opinion on these financial statements based on our report. 

We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require 

that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of 

material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures 

in the financial statements. And audit also includes assessing the accounting principles used and significant estimates 

made by the Council, as well as evaluating the overall financial statements presentation. We believe that our audit 

provides a reasonable basis for our opinion. 

The audited statements of accounts of ICSI Sydenham College Training Centre, ICSI, Smt.P.N.Doshi Womens College 

Training Centre and ICSI MKES College Training Centre for the year ended 31st March 2010 are incorporated in the 

preparation of the accounts of the Council. Further, during the year under audit, the accounts of Dadar Study Circle 

and Kandivli Study Circle which are audited are also incorporated. 

We report that : 

a. We have obtained all the information and explanations, which to the best of our knowledge and belief were 

necessary for the purpose of our audit. 

b. In our opinion, proper books of accounts, as required, have been kept by the Council, so far as it appears from 

our examination of the books. 

c. The Balance Sheet and the Income and Expenditure account dealt with by this report are in agreement with 

the books of accounts. 

d. In our opinion, and to the best of our information and according to the explanations given to us, the said 

Balance Sheet and the Income and Expenditure account read together with the Significant accounting policies 

and other notes thereon, give the information required in the matter so required and give a true and fair 

view : 

I 

II 

in the case of Balance Sheet of the state of affairs of the Council as at 31st March 2010 and 

in the case of Income and Expenditure account of the surplus of the Council for the year ended on that 

date. 

Place : Thane 

Date : 12th June, 2010 

For P. K. Mahadevan and Associates 

Chartered Accountants 

Sd/- 

P. K. Mahadevan 

Proprietor 

Mem No. F/6004 

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WESTERN INDIA REGIONAL COUNCIL OF 

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA 

BALANCE SHEET AS AT 31ST MARCH, 2010 

Schedule 31st March 31st March 

Reference 2010 (Rupees) 2009 (Rupees) 

SOURCES OF FUNDS 

General Reserve [See Note No.10] 1 13,681,407 11,911,349 

Building Reserve 2 552,202 19,400 

LOANS : Unsecured - Normal Loan 30,000,000 

Bridge Loan [See Note No.11] 7,878,330 37,878,330 

TOTAL 52,111,939 11,930,749 

APPLICATION OF FUNDS 

Fixed Assets 3 

Gross Block 4,644,466 3,811,495 

Less : Depreciation 1,748,307 1,296,603 

: Provision for Impairment of Assets - - 

Net Block 2,896,159 2,514,892 

Add : Advance for purchase of Land 

and Buildings under construction - - 

2,896,159 25,14,892 

Contibution to HQ Towards 

Land & Building and Other Assets 45,669,214 - 

Investments - - 

Current assets,Loans & Advances 

Current Assets 4 

Interet accrued on Investments - - 

Stocks in Hand - 0 

Sundry Debtors - 20625 

Cash and bank Balance 2,932,305 9317625 

Total 2,932,305 9338250 

Loans and Advances [See Note No. 8] 5 1,549,512 1037315 

Total 4,481,817 10375565 

Less : Current Liabilities & Provision 

Current Liabilities 6 935,251 959708 

Provision - 0 

935,251 959708 

Net Current Assets 3,546,566 9,415,857 

As per our report of even date 

For P. K. Mahadevan & Associates 


Sd/- 


Proprietor 

M. No. 6004 

Place : Mumbai 

Dated : 12th June, 2010 

TOTAL 52,111,939 11,930,749 

For and on behalf of Western India Regional Council of 


V. V. Vachhrajani Makarand Lele Mahavir Lunawat Ashish C. Doshi 

Chairman Vice Chairman Secretary Treasurer 

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WESTERN INDIA REGIONAL COUNCIL OF 

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA 

INCOME AND EXPENDITURE ACCOUNT 

FOR THE YEAR ENDED 31ST MARCH, 2010 

Schedule 2009-10 2008-09 

Reference Rupees Rupees 

INCOME 

Fees from Students 7 7,910,020 6,518,711 

Sale of Publications 136,235 155,493 

Grants received form HQ 634,710 208,080 

Subscriptions to Newsletter & Advertisement 147,383 175,908 

Interest from Investment (Gross) 341,450 455,395 

TDS Rs.21095/- (Pre. Yr Rs.8847.15/-) 

Income from Members’ programme ( Gross) 2,871,631 2,479,949 

Provision no longer required - - 

Written Back 

Other 8 78,592 1,222,260 

TOTAL 12,120,021 11,215,795 

EXPENDITURE 

Establishment 9 557,932 350,194 

Oral Tuition & Other programme Exps 2,718,899 2,003,330 

Publications 140,276 79,522 

Office Stationery 580,473 233,017 

Journals and Bulletins 779,867 609,560 

Communication 10 446,486 249,767 

Grant paid to Chapters - - 

Travelling and Conveyance 34,425 24,390 

Student Scholarships & Awarded - - 

Members’ Professional Dev. Prog. & Training 2,668,949 1,679,073 

Others 11 1,982,665 1,158,949 

Depreciation 3 451,704 471,042 

Excess of Income Over Expenditure 

Transferred to General Reserve [See Note No.10] 1,758,345 4,356,952 

TOTAL 12,120,021 11,215,795 

Accouting Policies And Notes to 

Financial Statements 12 






Sd/- 


Proprietor 

M. No. 6004 





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CMYK 

SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS 

A.WIRC AWIRC 

% Rs. Rs. 

Rs. 

Rs. Rs. Rs. Rs. Rs. Rs. Rs. 

FURNITURE & FIXTURES 10 ,,0,0 

0 

0 ,,0 ,,0,0 

0 0 ,,0 ,,0 0 

CHAIRS COMPUTER 10 ,68,855 29532 0 ,98,387 ,13,082 6,562 0 ,19,6444 

,78,743 55,773 

CHAIRS ORDINARY 10 1,42,126 26 

0 

0 1,42,126 ,27,00404 

11,512 0 ,38,516 1,03,6100 

115,122 

FURNITURE & FIXTURES 10 ,33,248 1688 0 ,34,936 ,9,914 4,021 0 ,13,935 ,21,0011 

23,334 

FURNITURE & FIXTURES - 

DIAS TABLE 10 ,7,500 0 

0 ,7,5000 

,1,425 608 0 ,2,0333 

,5,467 6,075 


INTERIOR FURNISHING 10 ,9,450 0 

0 ,9,450 ,3,618 583 0 ,4,201 ,5,249 5,832 


MOVING TABLES 10 ,42,676 0 

0 ,42,6766 

,8,109 3,457 0 ,11,5666 

,31,110 34,567 


CIVIL ENGINEERING 10 15,01,961 0 

0 15,01,961 1 2,85,373 121,659 0 4,07,032 10,94,9299 

1,216,588 

LAMP (SAMAI) 10 ,2,788 0 

0 ,2,7888 

,2,788 0 0 ,2,7888 

,,0 0 


acquired alongwith Flat No.56, 57 10 ,,0,0 448400 0 4,48,4000 

,,0 26,157 0 ,26,157 4,22,243 0 

22 

SCHEDULE ‘1’ 

31st March 31st March 31st March 31st March 

2010 2010 2009 2009 

Rupees Rupees Rupees Rupees 

General Reserves 

As per last B/S 9,299,144 4,942,193 

Add Transfer - - 

Add Income & Expnediture Account 1,758,345 11,057,489 4,356,952 9,299,144 

Other Reserves 

Office renovation fund-As per Last B/S 105,502 1,05,502 

Fixed Assets Reserve -As per Last B/s 73,220 73,220 

Prize Distribution fund- As per Last B/S 151,808 142,693 

Add: Receipts 13,663 9,115 

TOTAL 165,471 151,808 

Less Prizes awarded 1,951 163,520 - 151808 

Grant from HQ for Building Renovation 750,000 750,000 

CAPITAL GRANT FOR CAPITAL EXPENDITURE 95,000 95,000 

LIBRARY FUND 

As per Last B/s 1,436,675 651,041 

Add:Amount trasfered from Caution Money & Library Deposit - 785,634 

1,436,675 , 1,436,675 

TOTAL 13,681,407 11,911,349 

Building Reserve 

SCHEDULE 2 

PARTICULARS 31.3.2010.2010 31.3.20093.200 

Building Reserve 

(Chapter / Region own contributions) 

As per last Balance Sheet 19,400 17,000 

Add: Contribution during the year 5,32,802 5,52,202 2,400 19,400 

5,52,202 19,400 

FIXED ASSETS 


Particulars Rate of Original Additions Deletions Total Accumulated Depreciation Discarded Total W.D.V. as on W.D.V. as on 

Depreciation Cost Depreciation for the year assets Accumulated 31.3.2010 31.3.2009 

(in %) Opening total depreciation 

Balance 

Accumulated 

Rupees Rupees Rupees Rupees Rupees Rupees Depreciation Rupees Rupees Rupees 

Rupees 

ICSI-WIRC 

IRC 

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CMYK 

Particulars Rate of Original Additions Deletions Total Accumulated Depreciation Discarded Total W.D.V. as on W.D.V. as on 

Depreciation Cost Depreciation for the year assets Accumulated 31.3.2010 31.3.2009 

(in %) opening total depreciation 

Balance 

Accumulated 

Rupees Rupees Rupees Rupees Rupees Rupees Depreciation Rupees Rupees Rupees 

Rupees 

COMPUTERS & PRINTERS 40 0 0 0 ,,0 0 0 0 ,,0 ,,0 0 

COMPUTER PERIPHERALS 40 14,354 0 0 ,14,354 14,354 0 0 ,14,354 ,,0 0 

COMPUTERS/ 

SERVERS/PRINTERS 40 615,550 107,450 0 7,23,000 373,696 103,843 0 4,77,539 2,45,461 241,854 

COMPUTERS SOFTWARE 40 27,067 34,300 0 ,61,367 17,323 5,881 0 ,23,204 ,38,163 9,744 

LAN CABLING 40 16,550 0 0 ,16,550 10,592 2,383 0 ,12,975 ,3,575 5,958 

PEN DRIVES 40 8,186 0 0 ,8,186 8,186 0 ,8,186 ,,0 0 

COOLING EQUIPMENT 

AIR CONDITIONERS 15 254,178 0 2,54,178 70,535 27,546 0 ,98,081 1,56,097 183,643 

ACs acquired along with Flat No.56 15 0 30000 0 ,30,000 0 2,625 0 ,2,625 ,27,375 0 

ACs acquired along with Flat No.57 15 0 25000 0 ,25,000 0 2,188 0 ,2,188 ,22,812 0 

ELECTRICAL EQUIPMENT 15 342,980 0 0 3,42,980 95,177 37,170 1,32,347 2,10,633 247,803 

OFFICE MACHINES & 

COMMUNICATION EQUIPMENT 15 0 0 ,,0 0 0 ,,0 ,,0 0 

BOARD STAND FOLDING 15 1,350 0 ,1,350 1,350 0 ,1,350 ,,0 0 

CANON MF 4150 

FAX/XEROX/SCANNER 15 22,000 0 ,22,000 6,105 2,384 ,8,489 ,13,511 15,895 

CANON PROJECTOR LV 7260 15 111,308 28,250 1,39,558 30,888 17,110 ,47,998 ,91,560 80,420 

LCD TELEVISION - 32” (HDMI) 15 26,994 0 ,26,994 7,491 2,925 ,10,416 ,16,578 19,503 

LCD TELEVISION - 40” 15 53,994 0 ,53,994 14,983 5,852 ,20,835 ,33,159 39,011 

OFFICE EQUIPMENT 15 2,400 0 ,2,400 2,400 0 ,2,400 ,,0 0 

OFFICE MACHINES & 

COMMUNICATION EQUIPMENT 15 260,233 65,486 3,25,719 72,215 50,664 1,22,879 2,02,840 188,018 

WHITE DISPLAY BOARD 3 x 3 15 1,215 0 ,1,215 1,215 0 ,1,215 ,,0 0 

MOBILE HANDSETS 15 21,500 7,298 ,28,798 8,663 9,224 ,17,887 ,10,911 12,837 

PROJECTOR SCREEN 15 6,700 0 ,6,700 84 992 ,1,076 ,5,624 6,616 

CAMERA DIGITAL 

NIKON COOLPIX 15 0 30,500 ,30,500 0 2,919 ,2,919 ,27,581 0 

PUNCHING MACHINE 15 0 25,067 ,25,067 0 2,507 ,2,507 ,22,560 0 

OTHER EQUIPMENTS 15 0 0 0 ,,0 0 0 0 ,,0 ,,0 0 

AQUAGUARD INOVA 

Filter Cum Purifier E-Boiling 15 8,350 0 0 ,8,350 ,2,318 905 0 ,3,223 ,5,127 6,032 

MICROVEN VIDEOCON 15 4,914 0 0 ,4,914 ,4,914 0 0 ,4,914 ,,0 0 

REFRIGERATOR VIDEOCON 15 3,294 0 0 ,3,294 ,3,294 0 0 ,3,294 ,,0 0 

XEROX MACHINE 15 0 0 0 ,,0 0 0 0 ,,0 ,,0 0 

FAX MACHINE 15 0 0 0 ,,0 0 0 0 ,,0 ,,0 0 

LIBRARY BOOKS 33.33 ,,0 0 0 ,,0 ,,0 0 0 ,,0 ,,0 0 

EPABX SYSTEM 15 0 0 0 ,,0 0 0 0 ,,0 ,,0 0 

TOTAL OF A 36,11,720 832,971 ,,0 4444691 1,097,096 451,677 ,,0 15,48,773 28,95,918 25,14,624 

B-FURNITURES & FIXTURES 

SYDENHAM COLLEGE T/C 10 4,478 0 ,4,478 4,478 0 ,4,478 ,,0 0 

N.M.COLLEGE T/C 10 3,744 0 ,3,744 3,476 27 ,3,503 ,,241 268 

LIBRARY BOOKS: 

SYDENHAM COLLEGE T/C 33.33 1,03,415 0 1,03,415 1,03,415 0 1,03,415 ,,0 0 

N.M.COLLEGE T/C 33.33 56,988 0 ,56,988 56,988 0 ,56,988 ,,0 0 

MKES COLLEGE T/C 33.33 31,150 0 ,31,150 31,150 0 ,31,150 ,,0 0 

TOTAL OF B 1,99,775 0 0 1,99,775 1,99,507 27 0 1,99,534 241 268 

TOTAL A+B 38,11,495 8,32,971 ,,0 46,44,466 12,96,603 4,51,704 ,,0 17,48,307 28,96,159 25,14,892 

PREVIOUS YEAR 37,30,109 81,386 0 38,11,495 8,25,561 471,042 0 12,96,603 2,514,892 29,04,548 

Note : As per HO guidelines—Fixed assets, costing Rs. 5000/- or less & those whose written down value is Rs. 250/- 

or less at the beginning of the year, are fully depreciated. 

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23 

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CURRENT ASSETS 


Particulars 31st March 31st March 

2010 2009 

Rupees 

Rupees 

Interest Accrued on Investments - - 

Stock (valued, taken and certified 

by the Management) 

Publications - - 

Paper - - 

Study Material - - 

Others - - 

- - 

Sundry Debtors (Unsecured) 

Outstanding for more than six months 

— considered good - 20,625 

— considered doubtful - - 

- 20,625 

Others (considered good) - - 

- 20,625 

Less : Provision for Bad & Doubtful Debts - - 

- 20,625 

CASH & BANK BALANCES 

Cash, Cheques/Drafts/Postal Orders, 53,167 9,506 

Postage Stamps/Franking units - - 

With Scheduled Banks 

Savings Bank accounts 873,550 2,443,032 

Short/Long Term Deposits 1,918,220 6,665,760 

Interest accrued on Term Deposits 87,368 199,328 

CURRENT LIABILITIES AND PROVISIONS 



2010 2009 

Rupees 

Rupees 

Liabilities 

Received in Advance 

-Student Registration Fee — — 

-Others 246,650 274,683 

Payable to HQ/RC/Chapters — 103,138 

Sundry Creditors 254,593 254,608 

Expenses Payable 434,008 327,279 

935,251 959,708 

Provisions (To be specify 

individually) — — 

TOTAL 935,251 959,708 

2,932,305 9,317,625 

TOTAL 2,932,305 9,338,250 

LOANS AND ADVANCES 



2010 2009 

Rupees 

Rupees 

Advances (Considered Good unless 

otherwise stated) 

— Employees (including interest 

accrued thereon) - - 

— Recoverabbles from HQ/Regional 

Councils/Chapters 1,159,142 863,700 

— Others - considered good 137,943 62,157 

— Others - considered doubtful — — 

137,943 62,157 

Less : Provision for Bad & Doubtful Debts — - 

137,943 62,157 

Prepaid Expenses 141,957 65,448 

Security Deposits 40,943 46,010 

Pachhmarhi Workshop a/c 69,527 

TOTAL 1,549,512 1,037,315 

24 

FEES FROM STUDENTS 



2010 2009 

Rupees 

Rupees 

Students 

Oral Tuition Fees 3,426,161 2,128,261 

Library Fees WIRC 1,000 450 

Others (if any) 4,482,859 4,390,000 

7,910,020 6,518,711 

TOTAL 7,910,020 6,518,711 

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CMYK 

OTHER INCOME 



2010 2009 

Rupees 

Rupees 

Commission on Sale of 

HO publications 63,113 126,766 

Library Fine — — 

Sale of Scrap 5,180 — 

Miscellaneous Income 10,299 5,560 

Surplus share on 

Goa National Convention — 884,000 

Prior year adjustments — 205,934 

TOTAL 78,592 1,222,260 

OTHERS 



2010 2009 

Rupees 

Rupees 

Advertisement and Career Awareness 

Rent and Taxes 

Electricity 345,129 282,302 

Insurance 6,362 3,819 

Repairs & Maintenance 140,535 

— Building 56,865 

— Other Assets 57,730 

— New Premises 237,890 

352,485 — 

Office Maintenance Expenses 96,826 

Computer Expenses 

ESTABLISHMENT 



2010 2009 

Rupees 

Rupees 

Salaries and Allowances 557,932 350,194 

Staff Welfare — — 

557,932 350,194 

TOTAL 557,932 350,194 

Meetings 607,818 562,087 

Packing, Cartage and Freight/ 

Transportation & Shifting 33,499 1,500 

Loss on Sale/Disposal of Assets — — 

Bank Charges 5,660 3,743 

Auditors Remuneration — Statutory 24,200 25,152 

Auditors Remuneration — Internal 17,600 19,124 

Provision for Bad and Doubtful Debts 

COMMUNICATION 



2010 2009 

Rupees 

Rupees 

Postage and Courier 211,940 66,744 

Telephone, Fax, E-mail etc. 234,546 183,023 

446,486 249,767 

TOTAL 446,486 249,767 

Miscellaneous 8,197 1,972 

Professional Fees — — 

Regional office expenses 204,850 118,715 

Books & Periodicals 50,832 — 

Prior year adjustments 76,823 — 

Rounding off 1.93 

New Office Inauguration Expenses 139,930 

Interest on Loan on OD against FD 12,453 

TOTAL 1,982,665 1,158,949 

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SCHEDULE “12” 

Significant Accounting Policies & Notes 

1) The accounts are drawn up on historical cost basis. 

2) WIRC`s income and expenditure in respect of joint seminars/programmes are accounted on the basis of its share 

of income and expenditure. 

3) Expenses of printing of Newsletter of June 2009 is allocated to AGM expenses on the basis of the actual space 

utilised for the display of accounts and other matters on prorata cost basis. 

4) The interest on fixed deposit is accounted on accrual basis at the rates applicable to such deposits. 

5) Provision for gratuity or other terminal benefits to employees is being provided by ICSI, New Delhi 

6) Fixed assets are stated at original cost. As per the instructions from ICSI, New Delhi, the following rates of 

depreciation has been charged for the year on written down value basis. Till last year, depreciation has been 

charged for the full year irrespective of the date of purchase of the asset. As per revised instructions from HO 

vide their letter 104/35/Accts. dt. 5th Feb’09 depreciation is to be charged on months basis depending upon the 

usage of asset purchased during the year. Any asset, whose unit value is Rs.5000/- or less and whose w.d.v. as 

of 1.4.09 is Rs.250/- or less has been depreciated at 100%. 

Rate of Depreciation 

eciation 

2009-2010 2008-2009 

Furniture 

10% 10% 

Air conditioner, Typewriter, Office equipments, 

Xerox, Fax Machine, EPABX System 

15% 15% 

Computer 

40% 40% 

Library books: Additions - after 1-4-1999 

1999 100% 100% 

- before 1-4-1999 33.33% 33.33% 

7) Grants received dfrom ICSI, New Delhi is accounted on cash basis 

8) An amount of Rs. 1,149,016.50/- is shown as recoverable from HO towards the reimbursement of various 

expenses incurred by WIRC. This accounts needs to be reconciled with the HO. 

9) Previous year’s figures have been regrouped and rearranged wherever necessary to make them comparable with 

that of the current year. 

10) The share of surplus/deficited on account of workshop held at Panchmarhi on 27th & 28th March 2010 jointly 

with Bhopal, Raipur and Nagpur is not determined and hence not considered in the accounts. The same shall 

be recorded in the year 2010-11. As per books of accounts an amount of Rs. 69,527/- (Net) appeared as debit 

advance for workshop and shown under the Loans & Advances. It is expected that the workshop will not result 

into deficit. 

11) WIRC has received a sum of Rs.3.00 crores as interest free unsecured loan from HO for the purchase of new 

premises at 5th Floor at Jolly Maker Chambers-II. The amount is to be refunded in 20 annual instalments of 

Rs.15.00 lacs each. The first instalment of Rs.15.00 lacs of this loan will be repayable within one year i.e. 

before 31st March, 2011. In addition, WIRC has received a sum of Rs.85.00 lacs towards the bridge loan for the 

purchase of the above said premises. The same is to be repaid on or before 31st March, 2010. Till date, WIRC 

has paid only Rs.6,21,670/- leaving a balance of Rs.78,78,330/- unpaid. 




Sd/- 


Proprietor 

M. No. 6004 




The Institute of Company Secretaries of India. 



26 

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CASE LAW DIGEST 

by CS Ajay Kumar, Mumbai 

A Bird’s-Eye View : Recent Judgments on Company Law 

1. CONSEQUENCES OF NON-GRANT OF PERMISSION BY 

STOCK EXCHANGE WITHIN MANADATORY PERIOD 

OF TEN WEEKS – SECTION 73 

Provisions of Section 73 are mandatory in nature. Validity 

of the allotment of shares made in pursuance to the 

prospectus has been made dependent upon permission 

for listing being granted by the stock exchange(s) 

concerned within ten weeks from the date of the closing 

of the subscription lists. The period of ten weeks is 

sacrosanct and cannot be extended for any reason 

whatsoever nor can any period be excluded therefrom. 

Each and every stock exchange named in the prospectus 

on which the shares of the company are intended to be 

listed must grant the permission within ten weeks and if 

any one of those exchange, for whatever reasons, refuse 

the permission within that time or if there is a deemed 

refusal under sub-section (5) of Section 73, the entire 

allotment shall become void. The public issue will, 

however, be saved or the allotment shall not be void 

only if issuer company were to file an appeal against the 

refusal and deemed refusal of the stock exchange – S V 

P C L LTD. V. BOMBAY STOCK EXCHANGE LTD. [2008] 

85 CLA 316 (SAT.) 

2. OPPRESSION AND MISMANAGEMENT 

Respondent-company was a family company in which 

Petitioner No.1, Petitioner No.2 and Respondent No. 

2 were directors. Petitioners holding majority of 

shareholding filed Petition under sections 397 and 

398 questioning legality of allotment of additional 

shares to Respondent Nos. 3 and 4; appointment 

of Respondent No.2 as Managing Director (MD) of 

company; appointment of Respondent Nos. 3 and 4 

as directors; and removal of Petitioners as directors. 

Respondents in reply stated that Respondent Nos. 3 

and 4 had deposited share application money long 

time back and shares were allotted to them against 

said share application money; that Petitioner No.1 had 

attended board meeting in which allotment of additional 

shares and appointment of Respondent Nos. 3 and 4 as 

directors were made, and that Petitioner No. 1 had also 

signed balance sheet which reflected allotment of shares 

and annual return which reflected allotment of shares 

as well as appointment of Respondent Nos. 3 and 4 

as directors. It was highly inconceivable that Petitioners 

holding majority shares and being in majority on board 

would consent to their being reduced to minority by 

allotment of shares and loose their majority on board 

by agreeing to appointment of Respondent Nos.3 and 4 

as directors. Since there was no independent proof for 

ICSI-WIRC 

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FOCUS 


Petitioner-directors attending board meeting and minutes 

had been signed only by Respondent No. 2, purely 

on basis of signature on balance sheet and disputed 

signature in annual return it could not be held that 

Petitioner – directors had participated in board meeting 

on 31.03.2007 and had approved allotment of shares 

as well as consented to appointment of Respondent 

Nos. 3 and 4 as directors. Even in terms of Articles of 

Associations, appointment of Respondent Nos. 3 and 4 as 

directors could not be sustained. Since Respondents had 

acted in a highly oppressive manner towards Petitioners, 

impugned allotment, appointment of Respondent Nos. 

3 and 4 as directors, removal of Petitioners as directors 

and appointment of Respondent No. 2 as MD were to be 

declared null and void. – SMT. ABHA PURI V. AMETHI 

HUME PIPES (P.) LTD. [2009] 95 SCL 263 (CLB – NEW 

DELHI) 

3. PETITION LEADING FOR DISPENSATION WITH 

CONVENING MEETINGS OF SHAREHOLDERS, 

AND SECURED AND UNSECURED CREDITORS 

– TENABILITY OF OBJECTION OF UNSECURED 

CREDITOR AGAINST WAIVER OF MEETING – SECTION 

391/394 

As a general rule before sanction of the scheme of 

amalgamation, meetings of equity shareholders, secured 

creditors and unsecured creditors are to be convened. 

The general rule, however, admits to an exception, more 

particularly where there appears to be no factual or 

legal impediment to the waiver of such meetings. Thus, 

where the interests of the creditors have been suitably 

protected under the scheme, the plea of the objectorunsecured 

creditor against the waiver of the meeting 

cannot be accepted, but the objector would be entitled 

to raise objection during the stage of second motion.– 

SARGON GEOSYNTHETICS LTD. V. MACCAFERRI 

ENVIRONMENTS SOLUTIONS (P.) LTD.[2009] 89 CLA 

176 (P & H) 

4. JURISDICTION OVR LEGALITY OF PROCEEDINGS 

ARISING UNDER CUSTOMS ACT, 1962 – SECTION 10 

The company court has no jurisdiction to pronounce 

upon the legality or otherwise of the proceedings under 

the Customs Act. Therefore, if the proceedings initiated 

by the Customs Department are defective in any manner 

or contrary to the provisions of the Customs Act, the 

aggrieved party is entitled to pursue remedies before 

the appellate forum constituted under that Act & not 

before the company court under the Companies Act. – 

SUPERINTENDENT OF CENTRAL EXCISE & CUSTOMS 

V. SRI VISHNUPRIYA INDUSTRIES LTD. [2009] 894 CLA 

24 (AP) (FB) 

27 

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Green Shoe Option— 

an optional tool or an imperative one 

B.Renganathan- Vice President – Corporate Affairs & Company Secretary- Edelweiss Capital Limited 

Ms. Archana Khemka- Practicing Company Secretary 

Green Shoe Option 

Introduction: Initial Public Offers are made by companies with great pomp and splendour to raise funds. At the same 

time, it is also imperative that the shares get listed at a reasonable price enabling the investors to participate in the 

listing gains. The initial period of 1 to 3 months of listing is a good barometer/indicator of the issue price determined 

by the promoters. In other words, if the market price falls below the issue price it clearly sends a wrong signal that 

the scrip has been overpriced. The initial period of listing is akin to the first session of the first day of a cricket test 

match and the first day of the listing is that of a T20 match. 

In general, due to a heavy demand for the scrip, the price may fluctuate with tremendous volatility. In order to bring 

stability to the market price, a legal mechanism called “Green Shoe Option (GSO)” has been introduced for companies 

making an IPO/FPO. The Securities & Exchange Commission also recognizes this concept and allows underwriters 

in USA to do the stabilizing act. The origin of the term “Green Shoe Option” can be traced to the Green Shoe 

Manufacturing Company in USA, the first company to use such mechanism. 

In legal parlance, GSO is referred to as “over allotment”. Regulation 2(1) (o) of SEBI (Issue of Capital and Disclosure 

Requirements) Regulations, 2009 defines GSO as “option of allotting equity shares in excess of the equity shares 

offered in the public issue as a post listing price stabilising mechanism”. 

Process and mechanism. (IEPF -- Investor Education and Protection Fund established by SEBI, GSL - Promoters or 

pre-issue shareholders who lend shares to the Stabilising Agent, SA – Stabilising Agent- a merchant banker to the 

issue who is responsible for stabilizing the price of equity shares under GSO.) 

STAGE I 

Issuer 

Issue & allotment of additional 15% 

of the shares (as a part of IPO/FPO) 

STAGE II 

(i) Allotment of the shares to public (ii) Proceeds of the IPO 

Shares from Shares from GSL IPO Public GSO Bank 

the IPO/FPO Issue Account Account to be 

opened by SA 

+ + 

SA GSL for GSO Demat Transfer of shares to the 

Informs shares to be lent A/c bidders in the issue 

STAGE III 

SA Using Money in Purchases Shares 

GSO Bank A/c 

from Market 

28 

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Note: The price at which the SA purchases shares together with costs incurred in relation to such purchase shall not 

in any event exceed the issue price. However in practice the SA resorts to this option only when the price falls 

below the issue price. 

Scenario 1 

SA Purchasing entire shares over-allotted from the market 

SA Purchases shares Credit of Shares in the Transfer to Demat 

from market @ GSO demat A/c A/c of GSL 

issue price 

Note: Paid up capital of the company does not increase (only transfers take place and no allotment is made by the 

company.) 

Scenario 2 (SA Purchases lesser number of shares from the market @ issue price) 

a) SA Purchases Credit Shares in Transfer To GSL 

Shares from the 

GSO 

Market 

b) SA remits money From GSO to Issuer allots Shares to 

Bank A/c 

the 

extent of 

shortfall 

to the 

GSO 

Demat 

A/C 

Note: Paid up capital of the company increases to the extent of shares allotted. 

GSL gets shares those bought from the market and allotted by the Issuer as well. 

Scenario 3 ( SA purchases over-allotted shares but at a price lesser than the issue price) 

SA Purchases Shares in To GSL 

Shares from 

GSO Demat 

the Market 

Difference 

i.e (no of 

shares bought 

from the market X 

(issue price – 

market price) to be 

transferred to IEPF 

from GSO Bank A/c 

Transfer 

to 

GSL 

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Note: Paid up capital of the company does not increase (only transfers take place and no allotment is made by the 

company.) 

In all the above scenario, the concluding step would be to close the GSO Demat A/c and the GSO Bank A/c 

Utilisation of GSO Bank A/c in the entire process. 

GSO Bank A/c 

Credit of proceeds from 

overallotment in public issue. 

Purchase of the shares 

from the market 

Payment to issuer 

for allotment of shares due 

to shortfall on purchase 

from the Market. 

Balance to 

IEPF 

Analytical Points 

— Lending by the pre-existing shareholders (“Green shoe lender”) and allocating such shares to public is akin to 

an “offer for sale”. The only difference being, in GSO there is no flow of consideration, while in an offer for 

sale there is a flow of consideration from the bidders in the IPO to the sellers. 

— Since GSO is a legally permitted facilitating mechanism, even though no consideration flows, it could be 

considered as a valid contractual obligation. 

— Issue of shares to SA after the IPO does not tantamount to preferential issue. 

— One of the BRLMs to the issue to act as a SA. 

— SA to enter into agreements with the issuer and the GSL. 

— The offer document under the heading “objects of the issue” to state the purpose or utilization of proceeds 

from the GSO. Since the exact amount that the issuer would be receiving on account of additional allotment of 

shares under GSO is not known upfront, normally the proceeds are shown to be utilised for general corporate 

purpose. 

— Fees and expenses incurred by the SA are usually borne by the issuer. 

— As the main intention is to stabilize the price post listing, the stabilization period should be for a period of 

atleast 3 to 6 months instead of the stipulated 30day period. 

— A clarity could be given by the regulators on the rationale for transfer of the balance amount lying in the GSO 

Bank A/c to IEPF instead of benefitting the shareholders/investors of the issuer company. 

Some of the companies that have opted for this mechanism are ICICI Bank Limited, Indiabulls Power Ltd., Cairn 

India Limited, Shree Renuka Sugars Limited. 

Conclusion 

As explained earlier, this mechanism helps in preventing untoward volatility of the scrip and to reflect a reasonable 

indicator to the issue price. It also may be used as a tool to counter any price rigging. It would be appropriate for 

the issuers to consider this option in the interest of various stake holders. 

30 

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SWEAT EQUITY SHARES 

Pra 

CS K. G. Saraf 

ctising Company Secretaries. 

Ideally, under the Companies Act, 1956, sweat equity shares are typically used to spurify new and young entrepreneurs to take 

up innovative business or ventures. Sweat Equity shares connote issue of equity shares by Corporate to its Directors, Employees 

at a discount or for consideration other than cash for providing intellectual input in the form of Intellectual Property Rights, 

innovative ideas or value added services. Section 79 A (1) of the Companies Act,1956 states about the issue of sweat equity 

shares as follows: 

Notwithstanding anything contained in section 79, a company may issue sweat equity shares of a class of shares already issued 

if the following conditions are fulfilled, namely:- 

(a) the issue of sweat equity shares is authorized by a special resolution passed by the company in the general meeting; 

(b) the resolution specifies the number of shares, current market price, consideration, if any, and the class or classes of directors 

or employees to whom such equity shares are to be issued; 

(c) not less than one year has, at the date of the issue, elapsed since the date on which the company was entitled to commence 

business; 

(d) the sweat equity shares of a company whose equity shares are listed on a recognized stock exchange, are issued, in 

accordance with the regulations made by the Securities and Exchange Board of India in this behalf. 

The Section further reads in its proviso that in case of a company whose equity shares are unlisted, the sweat equity shares 

are issued in accordance with the guidelines as may be prescribed. These guidelines have been announced by Government of 

India in the year 2003 and notified for unlisted companies in the rules made thereunder. 

The provisions are : 

(1) Sweat Equity Shares not in excess of 15% of paid up share capital in a year, or shares of the value of Rs.5 Crores, 

whichever is higher can be issued by any unlisted company. 

(2) Any sweat equity issue beyond these limits requires the prior approval of Central Government. 

(3) Just as in the case of listed entities, unlisted companies are also required to obtain a special resolution in a general meeting, 

if sweat equity issue is in excess of 1 % of the issued capital as stood on the day of sanction of such issue. 

(4) A Valuer’s Certificate must be obtained on intrinsic value of intellectual property or knowhow if the company desires to 

issue sweat equity shares other than cash. The valuer who will submit his report is quintessentially required to have or 

acquire knowledge about the nature of property in question. 

(5) The issue price of sweat equity shares shall be deemed to be the fair price if it is computed by an independent valuer. 

(6) The lock-in-period provision of 3 years is associated with such sweat equity shares allotment. 

(7) The explanatory statement attached to the notice calling the general meeting for considering issue of sweat equity shares 

must spell out adequate justification for issue of such shares. The valuation report duly incorporating the justification for 

issue of such shares must form part of the explanatory statement besides a copy of the valuation report also be sent to the 

shareholders. 

Under the guidelines issued by the Ministry of Corporate Affairs (MCA), the quantum of shares and the value that attributes 

to the said shares shall be reckoned as a payment of Managerial Remuneration in case they are issued to Director/s for 

consideration other than cash, which is represented by intangible assets ands does not find a place in Financial Accounts. 

Of late, there has been considerable debate in the matter of issue of sweat equity shares with regard to ‘Rendezvous Sports 

World Private Limited’ who won the Kochi IPL Franchise for $ 333 million last month. A member of Rendezvous Consortium 

had received 25 % free equity of which 18 % valued at nearly Rs.70 Crore was received by a beneficiary. Since there were 

a host of controversies as also the parties to debate were on a logger heads, the issue was handed over to MCA for further 

investigation. A true wisdom must prevail in the minds of the legislature as well as MCA in relation to healthy practice to 

be followed towards issue of such sweat equity shares on new ventures, which may resolve a number of matters associated 

therewith presently confronted by the company. This will accentuate reducing litigation matters to a great extent. 

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ROC COLUMN 

The Corporate Sector has reason to celebrate the launch of two Schemes 

by the Ministry of Corporate Affairs in the last week of May 2010. The 

Company Law Settlement Scheme (CLSS) 2010 is intended for those 

companies who desire to continue after clearing their track record. Whereas, 

Easy Exit Scheme (EES) 2010 is intended for those companies who desire to 

exit at no cost. 

In the office of ROC, Mumbai, 1,27,177 companies were required to file 

Annual Returns and Balance Sheets. Out of which only 60,259 companies 

have filed Balance Sheet and Profit and Loss Account for 2008-09 and only 

59,976 companies have filed Annual Return for the same year. This roughly 

gives compliance rate of about 47%. Now those companies who have defaulted, which account for 

about 53% of the total companies required to file Annual Return and Balance Sheet, can avail the 

CLSS 2010. The Scheme gives a discount of 75% of the additional fee payable for delayed filing. 

Thus the scope of CLSS 2010 is very large covering about 53% of the active companies under the 

jurisdiction of ROC, Mumbai. These companies should avail this opportunity to clean up their 

track record. 

The Dormant Companies falling within the jurisdiction of ROC, Mumbai as per the criteria of 

continuous non-filing of Annual Return and Balance Sheet since 2005-06 come to the extent 

of 34,946 companies. These companies have never filed any Balance Sheet and Annual Return 

continuously since 2005-06. The number of companies having paid up capital of less than Rs. 

1 lac in the case of Private Companies is around 16,481 and Public Companies having paid up 

capital of less than Rs. 5 lacs is 4,678. All such defunct companies and companies having paid 

up capital of less than the prescribed limit are eligible to avail EES – 2010. Unlike the earlier 

Schemes, SES 2003 and SES 2005 where a minimum payment was required to be paid alongwith 

the application, EES 2010 does not require any payment. Moreover, in the earlier Schemes there 

was a requirement to update filing of Balance Sheet upto the period of doing business, whereas 

under EES – 2010 there is no such requirement. The only criteria is that the company availing 

EES 2010 should not have done any business or carried on any business after 1.4.2008. This is 

provided in the definition of “defunct company”. This is a golden opportunity for such defaulting 

companies to exit at no cost and least paper work. Even companies in which directors have not 

obtained DIN and Digital Certificate can avail EES 2010 by executing the prescribed documents 

manually which can be scanned and attached to the e-form digitally signed by the Practising 

Company Secretary/Practising Chartered Accountant or Practising Cost Accountant. Thus there is 

no need even to obtain DIN and Digital Certificate for availing EES 2010. 

This is a golden opportunity for the defaulting companies as well as defunct companies to set 

right the records and progress towards appreciable level of compliance rate comparable to any 

other developed Country. Practicing Professionals may prevail upon their client companies who 

are eligible for the Schemes to avail this one time opportunity. 

(HENRY RICHARD) 

REGISTRAR OF COMPANIES 

MAHARASHTRA, MUMBAI 

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IFRS Corner 

A monthly column by CS Rammohan Bhave and CMA Dr. Anjali Bhave 

R. N. Bhave, CS, CMA, CA, IFRS-ICAI, Six sigma green belt, Dip IFRS (ACCA, UK), 

Certified IFRS – ICAI – Strategy & IFRS Consultant, & Dr. Anjali Bhave, CMA, DBF, Ph. D., IFRS Consultant 

Write queries to mohanbhave@gmail.com or call on 9004043365 

Author runs organization ConsultIFRS.com more as a social responsibility to create awareness among professionals 

to bring in Corporate Governance and transparency in corporate world. Contact on ConsultIFRS@gmail.com for any 

IFRS career guidance – free. 

Write queries to mohanbhave@gmail.com or call on 9004043365 

IFRS Roadmap declared 22nd Jan 2010. BFSI roadmap declared March 2010. Clarification to MCA circular removes 

all confusion. Now it is high time for my fellow professional CSs to wake up and read all exposure drafts published 

by ICAI in respect of IFRS converged accounting standards published. The chart is produced below for ready 

reference. As of 8th June practically all drafts are published. 

Please find below the links to exposure drafts: 

ED open for comments: 

ED closed: 

http://www.icai.org/post.htmlpost_id=5575 

http://www.icai.org/post.htmlpost_id=5574 

It is a professional Company Secretary’s duty to read and provide valuable suggestions. Click above links and support 

corporate governance and transparency. 

Many CSs ask me, whether it will help them in career or not. 

Very frankly speaking knowing IFRS, is likely similar question some 15 years back, whether knowing computers and 

internet is useful for my profession or not. And the answer was “Professionals not knowing that got extinguished 

today”. Same with IFRS, Professional Company secretaries not knowing IFRS will find careers in dangers, leave aside 

progress. “Company secretaries” will be NO MORE knowing balance-sheets, which they are supposed to authenticate. 

So dear friends wake up and update yourself. 

CONVERGED STANDARDS AS ON 8 JUNE, 2010 

No Particulars IFRS/IAS No 

AS 1 Presentation of Financial Statements IAS 1 

AS 2 Inventories IAS 2 

AS 3 Statement of Cash Flows IAS 27 

AS 4 Events After the Reporting Period IAS 10 

AS 5 Accounting Policies, Changes in Accounting Estimates and Errors IAS 8 

AS 7 Construction Contracts IAS 11 

AS 9 Revenue IAS 18 

AS 10 Property, Plant and Equipment IAS 16 

AS 11 The Effects of Changes in Foreign Exchange Rates IAS 21 

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No Particulars IFRS/IAS No 

AS 12 Accounting for Government Grants and Disclosure of Government Assistance IAS 20 

AS 14 BUSINESS COMBINATION IFRS 2 

AS 15 Employee Benefits IAS 19 

AS 16 Borrowing Costs IAS 23 

AS 17 Segment Reporting IFRS 8 

AS 18 Related Party Disclosures IAS 24 

AS 19 Leases IAS 17 

AS 20 Earnings Per Share IAS 33 

AS 21 Consolidated and Separate Financial Statements IAS 27 

AS 22 Income Taxes IAS 12 

AS 23 Investments in Associates IAS 28 

AS 24 Non-current Assets Held for Sale and Discontinued operations IFRS 5 

AS 25 Interim Financial Reporting IAS 34 

AS 26 Intangible Assets IAS 38 

AS 27 Interests in Joint Ventures IAS 31 

AS 28 Impairment of Assets IAS 36 

AS 29 Provisions, Contingent Liabilities and Contingent Assets IAS 37 

AS 30 Financial Instruments Recognition & Measurement IAS 39 

AS 31 Financial Instruments Presentation IAS 32 

AS 32 Financial Instruments Disclosures IFRS 7 

AS 33 Share-based Payment IFRS 2 

AS 34 Financial Reporting in Hyperinflationary Economies IAS 29 

AS 35 Exploration for and Evaluation of Mineral Resources IFRS 6 

AS 36 Accounting and Reporting by Retirement IAS 26 

AS 37 Investment Property IAS 40 

AS 38 Agriculture IAS 41 

AS 39 Insurance Contracts IFRS 4 

AS 40 FINANCIAL INSTRUMENTS IFRS 9 

AS 41 FIRST TIME ADOPTION IFRS 1 

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NEWS FROM WIRC 

AND CHAPTERS 

WIRC organized a Half day Seminar on takeover 

Code 

WIRC organized a Half day Seminar on takeover 

Code – Analysis, on Saturday 22nd May, 2010, 

Gurukul School, Ghatkopar. Speakers were Shri Ramesh 

Shenoi, Compliance Officer, Senior Vice President and 

Company Secretary, Reliance Infrastructure and Mr. 

Ankit Bhansoli, SEBI. There was an intensive and 

participative discussion on series of cases , as well as 

practical issues related to nitty-gritty of the code. There 

were 52 delegates, who, attended the programme 

Full day seminar on statutory compliance 

WIRC organized a Full Day Seminar on Statutory 

Compliance Saturday, 15th May 2010 at Hotel Krishna 

Palace in Kemp’s Corner in Mumbai. Speakers were 

Shri J.K. Jolly, Joint Director, MCA. Shri Keyoor 

Bakshi, Past President and Central Council Member, 

the ICSI Dr. S. K. Jain, Practising Company Secretary 

Shri S. N. Ananthasubramanian, Practising Company 

Secretary, Shri Anubhav Ray, SEBI Shri L. D’Souza, 

Senior Advocate & Shri Ramasubramanian, Ex- 

General Manager, RBI. All the discussions were 

insightful and participative. Besides, there was thought 

provoking panel discussion, coordinated by Shri 

Mahavir Lunawat, secretary, WIRC, and comprising 

of several PCS namely, Shri Keyoor Bakshi, Shri S N 

Ananthasubramanian, Dr. S Khan, and Shri J.K. Jolly, 

Joint Director, MCA on compliances and governance 

in unlisted companies vis-à-vis listed one and the 

role for the profession. Earlier Dr. S D Israni, in his 

introductory key note address urged the practicing 

professional for meticulous attention to compliance 

details for professional excellence, the view was as 

well shared and illustrated with some examples by Shri 

Henri Richard, Hon’able ROC, in his speech as Chief 

Guest for the programme. There was an overwhelming 

response from 184 delegates. 

Study circle on general meeting, postal ballot and 

e-voting 

WIRC organized a Study Circle Meeting on General 

Meetings Postal Ballot and e-Voting on 28th May 2010, 

Friday, at WIRC. Speakers were Shri M.G. Subramanian 

General Manager – Corporate, Legal & Company 

Secretary of a group company of Godrej Industries 

Ltd., Shri Cyrus Khambatta, Senior Vice President, 

CSDL. Besides a threadbare discussion on AGM 

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and EGM as well as postal ballot, there was a live 

demonstration on e-voting. There were 32 members, 

who, attended the programme. 

Study Circle on secretarial audit and simplified exit 

scheme 

WIRC organized a Study Circle Meeting on 

secretarial audit and easy exit scheme on 13th June 

, Sunday in Bhavans College. Speakers were Shri S 

N Ananthasubramanian and Suresh Thakurdesai. 

Speaking on the theme of Secretarial Audit, Shri 

Ananthasubramanian enlightened the delegates 

regarding the various sides of integrative nature of 

secretarial audit, compared to compliance certification, 

and explained how the audit is different from 

Compliance Certification in terms of complexity, 

magnitude and integratedness. Shri Suresh Thakurdesai 

elaborated the main features of simplified settlement 

scheme and company law settlements. The programme 

was attended by a presence of 52 delegates. 

Full Day seminar on stamp duty and SAT 

WIRC organized a Full Day Seminar on stamp duty 

and SAT on Saturday at Landmark Hotel in Goregaon 

on 19th June. Speakers were Sharad Avhayankar of 

ANS Law, Dr. S K jain, PCS, Shri J J Bhatt, senior 

advocate & Ms. Rinku Thakur, team member of SAT 

consul. There was insightful discussion on multifarious 

sides of stamp duty. Dr. S K Jain, from his experiences 

elaborated practical issues of SAT and explained 

intricacies of some cases. Shri JJ Bhatt and his team 

discussed host of live SAT cases and the programme 

enlivened with stimulating real life stories, which 

Bhatt articulated. According to him, stock market is the 

place for execution for ideas, including shocking and 

devastating ones, contributed by innumerable brokers, 

sub-brokers, investors and all other participants. There 

was a strong presence of 154 delegates. Smt Ragini 

Chokshi coordinated the programme, including the 

inaugural session, 

WIRC organized a study circle on easy exit and 

company law settlement 

On 17th June, Friday, a study circle on easy exit 

scheme and company law settlement was organized 

in WIRC. Shri Henri Richard, hon’able ROC was the 

speaker for the programme. An extensive discussion 

ensued the presentation. There was a presence of more 

than 60 members. The programme was coordinated 

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by Shri Kaushik Jhaver, member PDC and Smt Ragini 

Chokshi, chairperson, PDC 

Full day programme on LLP, easy exit scheme 

and company law settlement & overview of NBFC 

compliance 

WIRC organized a full day programme on LLP, 

Easy Exit Scheme and company Law settlement & 

overview of NBFC compliance on 26th June in Hotel 

Kohinoor in Dadar. Shri Sanjeev Sha, senior manager, 

Delloite, Shri Henri Richard, hon’able ROC and Shri 

Rajeev Uberoi, head legal, IDFC were the members 

of the faculty for the programme. Shri Sanjeev Shah, 

explained key features of limited liability partnership, 

besides procedural aspects and conversion issues. 

Shri Henri Richard, while making a power point 

presentation on the theme of simplified exit scheme, 

responded to series of queries of many members. Shri 

Rajeev Uberoi discussed about applicable statutes for 

multiple categories of NBFC. Chairman WIRC, Shri V 

V Vachhrajani emphasized the need for conducting 

programmes in host of places. Shri Mahavir Lunawat, 

Secretary WIRC addressed the delegates on the issue 

of timely responses from the office to members’ 

multifarious requirements. Inaugural session witnessed 

presence of Shri Atul Mehta, past Chairman, Shri 

Lalit Jain, Shri Ajay Kumar and many prominent 

members, all of whom welcomed WIRC’s initiatives 

for conducting a programme in Dadar. Smt Ragini 

Chokshi, Chairperson PDC coordinated last couple of 

sessions. There was an overwhelming response of 125 

delegates. 

BHOPAL CHAPTER 

Bhopal Chapter of ICSI has organised Seminar on 

Charge Management & Easy Exit Scheme on 26.6.2010 

at Hotel Tulsi Exotic, Zone-II, M. P. Nagar, Bhopal. 

Mr. Amit Kumar Jain, Treasurer, Bhopal Chapter 

inaugurated the session and gave the welcome note on 

the topics. Mr. M.M.Chawla, PCS delivered the lecture 

on Charge Management which was very interactive too. 

Mr. Avadesh Parashar, PCS, gave their lecture on Easy 

Exit & settlement Scheme. 

Mr.Dhanraj S Thakur & Mr. S.A.Khan, Secretary, gave 

the vote of thanks. 

Mr. P.K.Rai, Mr.Piyush Bindal, Mr. Pravesh Dhawan etc 

participated in the discussion. 

The programme ended with interactive Question 

Answer Session. 

THANE CHAPTER 

First Student Induction Programme 

The Thane Chapter of ICSI conducted first Student 

Induction Programme between May 1, 2010 to May 

10, 2010. CS Kiran Somvanshi, Vice Chairman and 

CS Rahul Sahasrabuddhe, Secretary of Thane Chapter 

inaugurated the programme. During the program wide 

range of topics were discussed by various faculties. 

CS Kiran Somvanshi took session on Usefulness of 

Reading Newspaper, CS Rahul Sahasrabuddhe spoke on 

Basics of Capital Market, Mr. Sunil Ullal taught various 

tactics to face Professional Interview, CS Sanjay Parab 

discussed about How to be a Good Company Secretary, 

CS Anant Amdekar acquainted students about various 

corporate laws, CA Bharat Kanabar took a session 

on Personal Effectiveness & Time Management, Ms. 

Rekha Revathi and Mr. Janak Pandya spoke on How to 

improve your English and basics of FEMA, respectively. 

Interpretation of Financial Statements was covered 

by CA Jayesh Kulkarni. Sessions on “Personality 

Development” and “How to Qualify a Professional 

Examination” were taken by Mr. Prashant Deshpande 

and CS Atul Mehta, respectively. Mr. Alhad Oak spoke 

on Basics of legal drafting. CS R. T. Rajguroo Chairman 

– ICSI Thane Chapter presided over the valedictory 

session before enlightening the students about CS 

Course Contents. The programme was attended by 53 

students. 

Second Student Induction Programme 

June 5 and June 11, 2010, Thane Chapter of ICSI 

conducted second Student Induction Programme. 52 

students attended the program. Variety of subjects were 

discussed during the seven day induction programme. 

First Executive Development Programme 

The Thane Chapter of ICSI conducted its first Executive 

Development Programme between May 14, 2010 

to June 6, 2010 (week end batch). The inaugural 

keynote address was given by CS R T Rajguroo. 

The Eight day programme was addressed by CS R 

T Rajguroo, CS Janak Pandya, Mr. Sunil Ullal, CS. 

Mukesh Tank, Ms. Harshita Iyer, CS Sanjay Parab, CS 

Rahul Sahasrabuddhe, Secretary – Thane Chapter, CS 

Chanda Makhija, Mr. Prashant Deshpande, CS Anant 

Amdekar, Mr. Chandrakant Soni, David Pezarkar 

and CS Kaushik Jhaveri. The valedictory session was 

presided by ROC Maharashtra, Mr. Henry Richard and 

attended by CS R T Rajguroo and CS Kaushik Jhaveri. 

PUNE CHAPTER 

Gist of discussion had with ROC 

Brief of the Interactive Meeting with Registrar of 

Companies, Pune. With a view to have a greater 

clarity on the two New Schemes launched by MCAie- 

Company Law Settlement Scheme, 2010- giving 

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opportunity to the defaulting Companies to enable 

them to make their default good by filing belated 

documents with concessional late fees and to become 

a regular compliant in future and the Easy Exit 

Scheme, 2010- giving opportunity to the defunct 

companies to get their names struck off from the 

register under Section 560 of the Companies Act, 

1956, Pune Chapter of WIRC of ICSI jointly with 

the Office of the Registrar of Companies, Pune 

had organized a discussion session followed by an 

interactive session with the Registrar of Companies, 

Maharashtra, Pune on Thursday June 24, 2010 at 

Pune Chapter Premises from 6:30 pm to 8:00 pm. 

The Meeting was conducted by Shri V P Katkar, 

Registrar of Companies, Maharashtra, Pune and CS 

Makarand Lele, Vice Chairman, WIRC, ICSI and 

which was attended by more than 90 members and 

interested participants. The Meeting started with a 

brief introduction of the Schemes by CS Makarand 

Lele and also pinpointing on the highlights of the 

Scheme and how the same were beneficial to the 

defunct companies and also to such companies who 

have not been able to comply with the rules and 

regulations under the Companies Act, 1956 until 

date. 

Mr V P Katkar emphasized that this was an unique 

opportunity for all the companies who have not 

carried on business since April 1 2008 to exit out 

of the judicial proceedings which otherwise is not 

possible under the routine Sec 560 process under the 

Companies Act 1956. Mr Katkar also emphasised on 

the considerable monetary relief offered through the 

Company Law Settlement Scheme to such companies 

who have been defaulting on filing the documents with 

the Registrar of Companies. He further also highlighted 

the process of securing the immunity certificate 

immediately after the Scheme was over. 

The question answer session that followed had almost 

all the members raising various queries pertaining to 

the Scheme which were satisfactorily answered by 

Mr Katkar. The meeting ended with a vote of thanks 

to Shri Katkar and the Office of the Registrar of 

Companies, Pune for extending their whole hearted 

cooperation in making this attempt to educate and 

further propagate the benefits of the Schemes to the 

CS Professionals who in turn would be instrumental in 

advising the general business class to reap the intended 

benefits of the Schemes so promulgated by the Ministry 

of Corporate Affairs. 

The meeting ended with High Tea. 

ANNOUNCEMENT : LAST DATE FOR RENEWAL OF MEMBERSHIP HAS BEEN EXTENDED UP TO 31ST AUTUST, 2010 

Randox 

Opening for: Company Secretary (India) 

Randox Laboratories Ltd is a world-class leader in the development 

of revolutionary medical technology, developing and manufacturing 

high quality diagnostic kits and instrumentation for pathology 

laboratories. Randox’s clinical products can be found in almost 

every country throughout the world, in fact, wherever there is a need 

for disease diagnosis. Consequently, the role that Randox products 

play in healthcare decisions is increasing everyday. 

Randox Laboratories Ltd manufacture, diagnostic kits to suit the 

needs of all clinical chemistry laboratories and reinvest 28% of 

gross income on research and development, enabling extensive 

investigation of the latest technical developments in assay design 

and instrument operation. 

Randox Laboratories (India) Pvt Ltd, a fast growing organisation 

offering an excellent opportunity for career development, is currently 

recruiting for the position of Company Secretary. This position will 

report to General Manager – Finance & Logistics. 

We are looking for a CS + LLB for this position. 

The requisites for the above position are as follows: 

1. Should have a valid CS membership number 

2. Should be able to independently sign the Balance Sheet. 

3. Should have in depth knowledge of Company Law matters & 

Legal matters. 

4. Good communication skills & command on English 

language. 

Interested candidates should send in their profile to the following 

email address or contact us over phone. 

Email: tijy.paul@randox.com • Telephone: 022-67140648 

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Required 

COMPANY 

SECRETARY 

A full-time qualified Company Secretary 

proficient in English and well versed with 

company law and legal matters with minimum 

experience of 1 to 3 years is required. 

Candidates with law qualification with be 

preferred. 

Interested candidate may send in their 

applications with detailed resume giving 

information about professional experience, 

expected remuneration, etc. at 

GOLDEN METAL PRIVATE LIMITED 

52-A, Sindhi Lane, Mumbai-400 004. 

OR 

Email the same at : goldenmind@vsnl.net 

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Dear Members, 

Greetings! 

Attend & Secure your Credit Hours and Backgrounders 


Sub:-Forthcoming Programs of ICSI-WIRC (July 2010) 

ICSI-WIRC is organizing the following programs in the month of July, 2010 : 

SR. DAY & DATE PROGRAMME TOPIC VENUE 

NO. 

1 Friday Half Day Programme Ladies Special Bajaj Bhavan, 

9th July 2010 


2 Friday Study Circle Meeting Members special : Where WIRC premises, 

16th July 2010 members would highlight Nariman Point, Mumbai 

important issues for considerations 

3 Saturday, Full Day Seminar Corporate Governance – In a New Era Krishna Palace 

17th July 2010 and a Special Session on Mumbai 

Overview of XBRL 

4 Saturday, Study Circle Meeting Announced Soon Gurukul School 


Ghatkopar Mumbai 

5 Sunday Study Circle Meeting Related Party Provisions Andheri 


6 Friday Two Days Programme CS Conclave – Goa 

& Saturday 

Company, Capital Market & 

23rd & 

Corporate Conscience 


7 Monday to Investor Awareness programmes Six locations in Mumbai 

Saturday 

12th July to 


8 Announced Soon Study Circle Meetings Easy Exit and Company Nashik, Shirdi & Nagpur 

Law Settlement 

9 Saturday, Study Circle Meeting Announced Soon Gurukul School 

31st July 2010 

Ghatkopar Mumbai 

10 Saturday, Full Day Seminar Announced Soon Orchid Hotel, 

31st July 2010 

Parle 

Please attend in large number and take the benefit of professional development and interaction. 

Annual PMS Members of WIRC can attend these programs free of cost (Two days programs at discounted fee; All other 

programs - free). If you are a member of PMS, kindly let us know if you or your representative will be attending the above 

program(s) to enable us to make necessary arrangements. If you have not yet taken the membership, please hurry up and 

take the benefit of series of programs being organized by ICSI-WIRC. 

With Warm regards, 

CS Vishvesh V Vachhrajani CS Mahavir Lunawat CS Ragini K. Chokshi (Ms.) 

Chairman, ICSI-WIRC Secretary, ICSI-WIRC Chairperson, PDC, ICSI-WIRC 

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THE INSTITUTE OF 

Company Secretaries of India 

IN PURSUIT OF PROFESSIONAL EXCELLENCE 

Statutory body under an Act of Parliament 

PCH-8 

Western India Regional Council 

Jointly with GOA Chapter 

Organizes 

GOA CONCLAVE 

on 

COMPANY, CAPITAL MARKET & CORPORATE CONSCIENCE 

Residential options for Members 

Day & Date : 23rd & 24th July, 2010 

(Friday, Saturday) 

Time : 10.00 am to 5.00 pm 

Venue : Announced Soon 

Fees : Announced Soon 

For enrollment contact:- 

ICSI-WIRC Office at 13 Jolly Maker Chambers no.2, First Floor, Nariman Point, 

Mumbai - 400021 

Tel Nos.: 22047569 / 22047580 Other Cell Nos.: 9970320202 

Email: wiro@icsi.edu / sudipto.pal@icsi.edu 

CS Vishvesh V Vachhrajani CS Mahavir Lunawat CS Ragini K. Chokshi (Ms.) CS Swati Rane 

Chairman, ICSI-WIRC Secretary, ICSI-WIRC Chairperson, PDC, ICSI-WIRC Chairperson, Goa Chapter 

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ANNUAL 

PCH-8 

REGIONAL 

CONFERENCE–2010 

THEME: “EMERGING DIMENSIONS OF THE PROFESSION” 

DAY & DATE 

Friday-Saturday 

6th and 7th August 2010 

VENUE 

Hotel Surya Palace, 

Opp. Parsi Agyari, Sayajigunj, 

Vadodara (Gujarat) 

Tel. No. : 0265-2363366; 

Fax No. 0265-2363388 

Organized By: 

THE INSTITUTE OF 

Company Secretaries of India 

IN PURSUIT OF PROFESSIONAL EXCELLENCE 

Statutory body under an Act of Parliament 

WESTERN INDIA REGIONAL COUNCIL (WIRC) 

13, 56 & 57 Jolly Maker Chambers No. 2, 

Nariman Point, Mumbai – 400021 

Tel Nos.: 22047569 / 22047580 Cell No.: 09909925800, 9223542195 

Email: wiro@icsi.edu; sudipto.pal@icsi.edu 

CO - HOST 

VADODARA CHAPTER OF THE ICSI 

Office No.1 (2nd Floor), Stop N Shop Plaza (Offtel Towers II), 

R.C. Dutt Road, Vadodara – 390007 

Tel. No. (0265) 2331498; Mobile : 09825028079/09909925800. 

Email: vadodara@icsi.edu / barodachapteroficsi@yahoo.com 

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Dear Members, 

In the last one and half year or so, lot of turbulence was witnessed all over the world, and India was no exception to 

it. Yet, we survived mainly because the Indian Economy is fundamentally strong and has an impetus / current which 

steers it to the right direction and provides proper dimension. 

It has been rightly said that “Handsome is what the handsome does” and if we see this in the professional paradigm, 

we need to be highly goal as well as performance oriented, mingled with proper appetite to adapt to the changes that 

are happening around. Change is a constant catalyst in the professional environment and it is the change that provides 

us a unique growth opportunity. In the past few years, lot of new avenues have become available to the profession 

of Company Secretaries and the role and positioning of the professional Company Secretary stand redefined. 

Addition of new dimension to this profession calls for concerted efforts to keep oneself contemporary with the changes. 

Today, the Corporate World expects much bigger role from us as a Company Secretary and with this he has been 

looked at as the in-house Corporate think tank instead of his erstwhile role as a mere Compliance Officer. 

With a view to further strengthen and consolidate this position, the Western India Regional Council of the ICSI is 

organizing its two days Residential Annual Regional Conference – 2010 on the theme of “Emerging Dimensions of the 

Profession” on Friday-Saturday, 6th and 7th August 2010 at Hotel Surya Palace, Vadodara (Gujarat). 

The Conference is going to deliberate on the following subjects of vital professional interest: 

1. Mergers and Acquisitions – Technical and Tax Aspects, 

2. National Company Law Tribunal – How to excel. 

3. SMEs’ and their Listing – What is all about. 

4. MCX – Commodity markets and derivatives – Role of CS. 

5. New dimensions of CS Profession – What is there inside. 

We as the hosts are confident that the deliberations proposed at the Conference shall be of enormous value to 

the participants and would help them to contribute in a long way for their growth as well as for the growth of our 

Profession. 

Faculty: 

Best in the class with the perfect the blend of theory and practice. 

Who should attend: 

The Conference is tailor made for Company Secretaries, Chartered Accountants, Cost Accountants, Advocates, Company 

Directors, Senior Executives in the Corporate Sector and other Professionals. 

Delegate fees per person: 

CATEGORY NON RESIDENTIAL RESIDENTIAL 

RESIDENTIAL (TRIPLE (Double 

RS.* SHARING SHARING 

BASIS) 

BASIS) 

RS.* 

RS.* 

Members of ICSI / ICAI / ICWAI Rs.2,500/- Rs.3,250/- Rs.3,750/- 

Others Rs.3,250/- Rs.3,750/- Rs.4,250/- 

Licentiate Company Secretary & Students of ICSI Rs.2,250/- Rs.3,000/- Rs.3,750/- 

Accompanying Spouse - - Rs.2,000/- 

Practising Company Secretary Rs.2,250/- Rs.3,250/- Rs.3,750/- 

*Early bird Rs.250/- for Registrations received on or before 25th July 2010. 

Residential option is limited based on the rooms blocked and hence it will be on first come first served basis. Members 

are requested to register well in advance to avoid disappointment later. The delegate fees would cover the kitbag, 

course material, souvenir, lodging and boarding from 6th August morning 6.00 AM to 7th August 11.00 AM, conference 

dinner at a resort on the outskirts of Vadodara, etc. 

Registration: 

Registration can be done either at the office of ICSI-WIRC at Mumbai or at the Vadodara Chapter office of ICSI-WIRC, 

Vadodara. Cheques/ Demand Drafts payable at Vadodara and Mumbai drawn on WIRC of ICSI or Vadodara Chapter of 

WIRC of ICSI should accompany the registration forms. 

We look forward and welcome you for your enrolment and participation as a delegate to the Annual Regional Conference 

- 2010. 

CS Vishvesh V. Vachhrajani CS Mahavir Lunawat CS Ragini Chokshi (Ms.) CS Neeraj Trivedi 

Chairman Secretary Chairperson, PDC Chairman 

ICSI-WIRC ICSI-WIRC ICSI-WIRC Vadodara Chapter of ICSI-WIRC 

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DELEGATE REGISTRATION 

The Joint Director 

ICSI-WIRC 

13, Jolly Maker Chambers No.2 

Nariman Point, Mumbai – 400021 

Tel Nos.: 022-22047569 

Or 

----------------------------------------------------------------------- 

Vadodara Chapter of The ICSI 

Office No.1 (2nd Floor) 

Stop N Shop Plaza (Offtel Towers II) 

R.C. Dutt Road, Vadodara – 390007, 

Tel. 0265-2331498. 

Dear Sir, 

Please register the following person as delegate for attending Annual Regional Conference 2010 on the theme 

of “Emerging Dimensions of the Profession” on Friday-Saturday, 6th and 7th August 2010 at Hotel Surya 

Palace, Vadodara (Gujarat). 

Name of the Delegate : Mr. / Ms. _____________________________________________________________ 

Membership No.FCS / ACS __________________________________ CP No.__________________________ 

Designation _______________________________________________________________________________ 

Name of the Organization: ___________________________________________________________________ 

Residential/professional Address: ______________________________________________________________ 

_________________________________________________________________________________________ 

Tel. Nos. (Off.) _______________________ (Res.) _______________________ (Fax) __________________ 

Email: _____________________________________ Cell: _________________________________________ 

*Delegate fee of Rs._____________ (Residential / Non Residential) is sent herewith by Cash / Cheque / 

demand draft bearing No. ______________ dated _______________ drawn on ___________________________ 

favoring “WIRC of ICSI” payable at Mumbai / Vadodara Chapter of WIRC of ICSI. 

Yours faithfully, 

Date:________________________ 

(Sponsoring Authority / Delegate) 

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Required 

COMPANY 

SECRETARY 

KRYES Power Components Limited intends to 

appoint a Company Secretary. The incumbent 

should be a member of the Institute of 

Company Secretaries of India with 3-4 years of 

working experience in a Company of repute. 

Apply with confidence within 21 days stating 

age, qualification, experience and details of 

salary drawn and expected to : 

The Managing Director 

KRYFS Power Components Limited 

3rd Floor, Aza House 24, Turner Road, 

Bandra West, Mumbai-400 050. 

Required Company Secretary (CS) for 

reputed consulting firm in Dubai 

• Mail with 2-3 years Post Qualification 

Experience. 

• Knowledge of company incorporation, 

drafting resolutions, MOA etc. 

• Proactive, self starter personality, excellent 

interpersonal and communication skills. 

• Good hand on Computers 

Consulting Group 

• Excellent package offer to the right 

candidate 

Send CV at : 

jcainfo@airtelmail.in:careers@jitendragroup.ae 

Tel: 022 40029795 web:www.jitendragroup.ae 

A BSE listed company at its office at Fort, Mumbai requires a 

COMPANY SECRETARY 

The candidate should be a member of the Institute of Company Secretaries of 

India 

Apart from statory requirements of the post the incumbent will also be expected 

to look into routine administrative matters of the company 

Eligible persons having good knowledge and experience of Secretarial and 

Legal Matters such as compliances with various laws like FEMA, filing of various 

statutory documents and returns with the MCA/RBI, maintenance of statutory 

records and registers, liaisoning with the BSE/SEBI and other such authorities may 

apply with complete details to : 

KBS CAPITAL MANAGEMENT LIMITED, 

502, Commerce House, Nagindas Master Road, Fort, Mumbai-400 001. 

Tel No. 40362626, email : careers@kbs.co.in 

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Two Day Residential Programme in Panchamari on 27th & 28th April, 2010 

Organised jointly by Bhopal Chapter & WIRC 

L To R Shri S.M. Ashraf.Vice Chairman, Bhopal Chapter, S.N. Ananthasubramanian, Central Council Member, Vishvesh V. Vachhrajani,Chairman, Icsi - Wirc, Brig Pranab Chakraborthy, 

Commandant,Ace Trg College & Centre, Pachmari Chief Guest, S.K. Vidhan,Chairman, Bhopal Chapter Of Icsi - Wirc,B. Narasiman, Centtral Council Member Pradip Channe Secretary, 

Nagpur Chapter Of Icsi And S.K. Batra, Past Chairman, Raipur Chapter Of Icsi - Wirc 

Inaugural Session 

Shri Mahavir Lunawat Addressing 

Shri S.K. Vidhan, Chairman, Bhopal Chapter Presenting Momento To Shri S.K. Batra,Past 

Chairman, Raipur Chapter Of Icsi - Wirc 

Lighting The Lamp 

Shri Pradip Channe, Secretary, Nagpur Chapter Presenting Momento To 

Shri S.K. Agarwal, R.O.C. Madhya Pradesh & Chaattisgarh. 

Shri Ashish Doshi, Treasurer,Icsi - Wirc Presenting Momento To Brig Pranab Chakraborty 

Shri Umesh Ved, Council Member Presenting Memonto To Shri S.K. Vidhan,Chairman, 

Bhopal Chapter Of ICSI - WIRC 

Shri Mahavir Lunawat, Secretary,Icsi - Wirc Presenting Biuquet To Shri S.K. Vidhan, 

Chairman, Bhopal Chapter Of Icsi - Wirc 

Shri Vishvesh V. Vachhrajani , Chairman, Icsi - Wirc Receiving Memmto From The Delegate 

Cross Section Of The Audiance 

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Programmes Organised by Pune Chapter 

ROC Meeting: Sh. V.P. Katkar, ROC Pune (Second from left) addressing the gathering. Other members sitting are: from Left: 1. CS Shridhar Kulkarni, Chairman, Pune chapter of ICSI 2. ROC, Pune, 3. Mr. Patil, 

Official from ROC office, Pune 4. CS Makarand Lele, PCS & Vice-Chairman WIRC of ICSI, Mumbai. 

(ROC Meeting) : CS. Prajot Tungare PCS, Offering Memento to Sh. V. P. katkar, ROC, Pune 

(ROC Meeting) : Sh. V. P. Katkar, ROC Pune addressing the gathering 

EDP IN NAGPUR 

Half Day Seminar on Takeover Code on 22nd May, 2010 in Gurukul School, Ghatkopar 

Shri Ramesh Shenoi, Sr. Vice President, 

and Company Secretary, Reliance Infrastructure 

Shri N. L. Bhatia, PCS and Shri Ankit Bhansali, SEBI 

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Full Day Seminar on LLP, Exit Scheme & Company Law Settlement and NBFC in Hotel Kohinoor in Dadar on 26th June, 2010 

Shri V. V. Vachhrajani, 

Chairman WIRC 

Shri Henry Richard, 

Hon’ble ROC 

Shri Rajiv Uberoi, 

Head Legal, IDFC 

Shri Sanjeev Shah, 

Sr. Manager, Deloitte 

Shri Mahavir Lunawat, 

Secretary, WIRC 

Lighting of the Lamp : L to R: S/Shri Ajay Kumar, S. K. Sutar, 

Lalit Jain, V. V. Vachhrajani, Mahavir Lunawat & Manoj Jain 

CS Atul Mehta 

Shri V. V. Vachhrajani delivers Chairman’s Speech 

Delegates 

A Book on SEBI Compendium is donated by Shri Mahavir Lunawat, to WIRC Library who authored the 

book alongwith, eminent co-authors, Dr. S. D. Israni, Dr. K. R. Chandatre, Shri Bipin S. Acharya and Shri K. Sethuraman 

Shri Mahavir Lunawat, Secretary WIRC, Shri S. N. Ananthasubramanian, Central Council Member Shri J. K. Jolly, Joint Director, NCA Dr. S. K. Jain, PCS, Shri Keyoor Bakshi, 

Past President, Smt. Ragini Chokshi, PDC Chairpeson, Shri Sudipto Pal, Joint Director & Shri Kaushik Jhaveri, Member PDC Committee 

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Office : 3A, Barodawala Mansion, 

81, Dr. A. B. Road, Worli, 

Mumbai-400 018. INDIA 

Board No. : 91-22-4362 5500 

Fax : 91-22-2497 4886 

E-mail : gujorg@gujaratorganics.com 

Website : www.gujaratoganics.com 

Gujarat Organise Limited, is an associate company of Asian Paints Ltd. the largest paint 

company in Asia. The company has ISO 9001:2008 certification. It manufactures intermediates 

for Pharmaceuticals Foods & Cosmetics, Agro Chemicals & Dyes. It is one of the Largest 

Manufacturers of Para Hydrozy Benzoic Acid and its derivatives namely Parabens. The company 

has a very efficient and flexible manufacturing facility at Ankleshwar, Gujarat with World Class 

Safety and Environmental Standards. The company is poised for excellent growth in immediate 

future under the youthful and dynamic senior management. 

The Company is listed with Bombay Stock Exchange as well as Ahmedabad Stock Exchange. Total 

Turnover of the Company is around Rs. 36.00 Crores. 

We require a Fresh Qualified Company Secretary who will report to the Managing Director of the 

Company directly. He shall be responsible for all secretarial and legal compliances and should have 

Knowledge into Company Law Matters, e-filings, Board & General Meetings, drafting and vetting 

of legal documents, etc. 

Apply in strict confidence to M.D./CEO 

Gujarat Organics Ltd. 

(Associate of Asian Paints Ltd.,) 

3A, Barodawala Mansion, 81, Dr. A. B. Road, Worli, Mumbai-400 018. 

Tel.: 4362 5500 

Fax : 2493 8687 

Email : admin@gujaratorganics.com 

Website : www.gujaratorganics.com 

Printed and published by Mr. Sudipto Pal, Joint Director for and on behalf of Western India Regional Council of the Institute of Company Secretaries of India, 13, Jolly 

Maker Chambers No. II, First Floor, Nariman Point, Mumbai-400 021. Tel.: 22021826/22844073/22047569/22047580/22047604. Fax No.: 22850109 Email : wiro@icsi.edu 

and printed at Finesse Graphics & Prints Pvt. Ltd., 309, Parvati Industrial Premises, Sun Mill Compound, Lower Parel, Mumbai-400 013. Tel. Nos.: 24961685/24961605 

Fax No.: 24962297 and published at Mumbai. 

Views expressed by contributors are their 

own and the Institute/WIRC does not accept 

any responsibility. 

Date of Posting 

To 

If undelivered, please return to : 

WIRC of the Institute of Company Secretaries 

of India, 13, Jolly Maker Chambers No. II, 

Nariman Point, Mumbai - 400 021. Tel.: 2202 1826 

• Fax : 2285 0109 

Space for Address 

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