Professional Documents
Culture Documents
Published by:
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA
ICSI House, 22, Institutional Area, Lodi Road, New Delhi - 110003
Phones: 4534 1000, 41504444, Fax: 24626727
Website: www.icsi.edu E-mail: info@icsi.edu
Training is a process of teaching specific skills through rigorous practice and instructions
grooming of the budding professionals.
The Institute in its strive to achieve this avowed objective has recently modified its training
structure that comprises two types of training namely, long term internship/attachment with a
Practising company Secretary/ a Company and short term training on Managerial/ Soft skills .
By the end we are expecting a well groomed Company Secretary as a product of the Institute.
In this direction, we have come out with this Training Guide to help all our aspiring trainees as
well as trainers. This Training Guide will provide all the required information and guidance at a
single point. I hope that this will provide the detailed information about all aspects including
procedural requirements pertaining to Training.
I would like to congratulate the Team ICSI, especially the Training Directorate for their efforts.
I also convey my heartiest wishes to all the trainees and trainers with a request to have full
benefit of this Training Guide.
R Sridharan
President
The Institute of Company Secretaries of India
FOREWORD
Training in context with the Company Secretaryship course is a process of acquiring knowledge,
skills competencies and gain practical experience and understand industry trends which are
significant for becoming a competent Company Secretary.
The Institute of Company Secretaries of India has devised a training curriculum for its students
in such a manner that the students will have a real life exposure of the corporate environment
and an opportunity to adapt and upgrade themselves as per the need of the corporate.
The students will have an option to opt for practical training for the period as per their choice
amongst- three years or two years or one year at different stages of the course curriculum. At
the end the students will have to attend a fifteen days Management Skills Orientation
Programme consists of soft skills and practical aspects of subject oriented topics.
This Training guide consists of all the procedural aspects of long term and short term training
under the earlier training structure and the modified training structure.
I hope that both students undergoing training and trainers who are imparting training will have a
thorough reading of all the requirements for training. This Training Guide will be very useful in
formulating an effective training programme.
New Delhi
Vikas Y Khare
Vice President
The Institute of Company Secretaries of India
vi
CONTENTS
CHAPTER I
INTRODUCTION
CHAPTER II
TRAINING STRUCTURES
2.1 Earlier Training Structure 6
2.2 Modified Training Structure 9
2.3 Comparative Table showing Earlier Training Structure and 11
ModifiedTraining Structure at a glance
2.4 Procedure for switching over to modified training structure 12
CHAPTER III
3.8 Procedure for transfer of 15 months/3 years/2 years/1 year training in between
training period to any other company /organisation (including law firm,
consultancy firms etc.) or Company Secretary in Practice 16
3.9 Limit of number of trainees with a Company 17
3.10 Limit of number of trainees with Law Firm/ Consultancy Firm/Financial Institution 17
3.11 Limit of number of trainees with Company Secretary in Practice 17
3.12 Working Hours 17
3.13 Stipend 17
3.14 Leave 18
3.15 Quarterly Reports 19
3.16 Project Report 19
3.17 Training Completion Certificate 19
CHAPTER IV
CHAPTER V
CHAPTER VI
CHAPTER VII
CHAPTER VIII
CHAPTER IX
CHAPTER I
INTRODUCTION
Associate Member
A Qualified company secretary can either be employed by a Company or can start his/her
own practice.
• Under the Companies Act, 2013, Company Secretary has been recognized as a Key
Managerial Personnel (KMP) along with the Chief Executive Officer/Managing
Director/Manager, whole-time director and Chief Financial Officer (section 203). Being
Key Managerial Personnel, Company Secretary is required to be mandatorily appointed in
every class or classes of companies as may be prescribed. Presently, the companies
having a paid -up share capital of Rs 5 crores are statutorily required to appoint a whole-
time Company Secretary. He has a primary duty to ensure all compliances with various
legislations.
• The Companies Act 2013 has substantially strengthened the position, role and
responsibility of a Company Secretary both in employment and in practice. The duties of a
company secretary are now statutorily prescribed under the Companies Act, 2013. He is
now bracketed as key managerial personnel (KMP). He not only reports to the Board on
compliance with the laws applicable to the company but also ensures compliance with the
applicable secretarial standards. He assists and advises the Board in ensuring good
corporate governance and in complying with the corporate governance requirements and
best practices. He assists the Board in the conduct of the affairs of the company and
provides to the directors, such guidance as they may require, with regard to their duties
responsibilities and powers.
• The job of a Company Secretary now involves diverse responsibilities such as formulating
long-term and short-term corporate policies and programmes, accounting and finance
functions.
• Company secretaries are being seen as corporate development planners who explore the
expansion opportunities such as arranging various collaborations, amalgamations,
acquisitions, and setting up of subsidiaries and joint ventures within and outside India.
• The Company Secretaries have made forays into the capital market and financial services
industry. The Company Secretaries are also taking care of tax planning and tax
management for the company and advising the management on the tax concessions,
incentives and reliefs.
Detailed and thorough study of the legal, secretarial, accounting, managerial and administrative
functions of a company on the way to attain the Company Secretaryship qualification makes the
person competent for taking up a wide range of responsible positions in the secretarial, legal,
finance, accounts, personnel and administrative departments of companies or other
organisations in the private as well as public sector.
3
• The Company Secretaryship qualification has been recognised for admission to the Ph.D
course by 55 universities so far.
graduate for the purposes of doing Ph.D. is available at institute’s website www.icsi.edu.
• The persons who pass the Professional Programme examination of the ICSI and wish to
pursue the Cost Accountancy Course, are entitled to certain paper wise exemptions in the
Institute of Cost Accountant of India [ICAI (Cost)] examinations.
All the students registered with the Institute are governed by the Company Secretaries
Regulations, 1982 (as amended) made under the Company Secretaries Act, 1980 and shall pay
the fees as applicable from time to time.
1.9 Examinations
The Institute conducts its examination in three stages, namely — (1) Foundation Programme
Examination; (2) Executive Programme Examination; and (3) Professional Programme
Examination. Subjects of the examinations are set out below:
Module I
I. Company Law
II. Cost and Management Accounting
III. Economic and Commercial Laws
IV. Tax Laws and Practice
Module II
Module I
I. Advanced Company Law and Practice
II. Secretarial Audit, Compliance Management and Due Diligence
III. Corporate Restructuring, Valuation and Insolvency
5
Module II
IV. Information Technology and Systems Audit
V. Financial, Treasury and Forex Management
VI. Ethics, Governance and Sustainability
Module III
VII. Advanced Tax Laws and Practice
VIII. Drafting, Appearances and Pleadings
IX. Electives 1 out of below 5 subjects
1. Banking Law and Practice
2. Capital, Commodity and Money Market
3. Insurance Law and Practice
4. Intellectual Property Rights – Law and Practice
5. International Business – Laws and Practices
The Institute has devised this Training Guide to provide guidance to all concerned.
This Guide covers various aspects of training of the students registered for the Company
Secretaryship course.
Training Guide provides complete information on training, exemption therefrom and its
procedural requirements applicable both under earlier training structure and the modified
training structure (which was implemented w.e.f. 01.04.2014).
*******************
6
CHAPTER II
TRAINING STRUCTURES
Earlier training structure is specified under Chapter VII of the Company Secretaries Regulations,
1982. The extract of Chapter VII is placed at ‘Appendix A’
Applicability:
Following trainings are applicable for the students under earlier training structure:
(i) Executive Development Programme (EDP )
(ii) Professional Development Programme (PDP)
(iii) Management Training / Apprenticeship Training (15 Months )
(iv) Practical training for 15 days at any specialized agency.
(v) Management Skills Orientation Programme (MSOP)
SIP / Computer training are now discontinued in view of the amendment to the Regulations 40
of the Company Secretaries Regulations 1982 vide Notification dated 01st April, 2014 published
in the Gazette of India. Accordingly, SIP and Computer training are not applicable to any
student of the Company Secretaryship Course w.e.f 1st April 2014.
Management/Apprenticeship training:
Period of training is 15 months. Students are free to undergo training wholly or partly with a
Company Secretary in Practice or a Company or any other entity registered for imparting
training with the Institute.
Training Programmes: There are various in-house training programmes at different stages of
the course conducted by Regional Offices and Chapter of the Institute as under:
(a) Student Induction Programme (SIP) – Student Induction Programme is now discontinued
in view of the amendment to Regulations 40 of the Company Secretaries Regulations
1982 vide Notification dated 01st April, 2014 published in the Gazette of India.
Accordingly, it is not applicable to any student of the Company Secretaryship Course
w.e.f. 1st April 2014. It is now optional for the student to undergo SIP.
(b) Executive Development Programme (EDP) - Duration 8 days, after passing the
Executive Programme (Intermediate Exams) covering the following areas:-
1. Personality Development - and Life Skills – Advanced Concepts (Interpersonal Skills,
Decision Making Skills, Team Spirit, Negotiating Skills)
7
CORE TOPICS:
1. Leadership skills, Innovation, latest trends in management thoughts.
2. Business strategy, Corporate restructuring through Mergers & Amalgamations, Take
Over, Valuation, Competition Law, Consumer Protection.
3. Cross border transactions, global business scenario.
4. Major tax laws, Double Taxation Treaty Agreements, Service Tax.
5. Corporate Governance, Business Ethics, Sustainability.
6. Meetings, Secretarial Standards, Important provisions of Company Law.
7. Capital Market related topics, Regulatory insight, Exchange related issues.
8. Projects covering diverse areas including corporate laws.
9. Intellectual Property Rights
10. Arbitration, Conciliation, Alternate Dispute Redressal Mechanism
11. Corporate Compliance Management
12. Areas of Practice –Existing & Emerging
13. Understanding Financial Statements
14. Art of Advocacy, Court craft, Pleadings
15. Board Room behaviour, Drafting of Chairmen’s Speech, Directors’ Report
16. Networking skills and business behaviour
17. About ICSI and Code of Conduct
18. Any other Topic of Topical interest.
8
As far as practicable, the mechanism for MSOP should be through Case Studies, Story Telling,
Group Discussions, Role Playing, simulation exercises and the like so as to provide a real-life
particle exposure.
ELECTIVES
1. Behavioral Sciences
2. Listing Compliances, Case Studies
3. Sick Companies and solvency laws
4. NGOs /Micro financing/Cooperative Societies
5. Part IX Companies
6. Practical aspects of Criminal law
7. Inspection and Investigation, Compounding of offences under various laws Companies
Act, FEMA, SEBI
8. VAT-Procedure & Practice
9. Laws relating to Intellectual Property Rights
10. Taxation – Corporate Taxation, Personal Tax Planning & Management, Filing of Returns
11. Private Equity, Venture Capital, Hedge Funds
12. International Trade & Policy
13. Banking & Insurance
14. Cyber laws
15. Stress management
e-EDP/e-MSOP
Centre for Corporate Governance Research and Training of the Institute (ICSI-CCGRT) in
collaboration with Gurukul Online Learning Solutions is also conducting Executive Development
Programme and Management Skills Orientation Programme in electronic form i.e. e-EDP and e-
MSOP. Students can contact, Gurukul Online Learning Solutions (GOLS) at email id
icsi@gols.in and on telephone number - 022-33097600 Extn. 119/125, Mob: 09324372326.
Eligibility Criteria of e-MSOP: The Candidates who have completed Company Secretaryship
Final/ Professional Programme examination two years prior to the making of the application for
undergoing e-MSOP shall be eligible to attend eMSOP.
Training with Specialised Agency: Duration of training with any one specialised agency is 15
days after passing Professional Programme (Final Exams) and completion of 15 months
training. Specialised agencies where 15 days specialized training can be undergone are as
follows:
(i) Registrar of Companies,
(ii) Stock Exchange,
9
Applicability:
Modified training structure is specified under the provisions of Chapter VIA of the Company
Secretaries Regulations, 1982. Modified training structure is implemented with effect from 01st
April, 2014 vide Notification no. 710/1(M)/1 (1410GI/14) dated 01st April, 2014 published in the
Gazette of India, Part III, Section 4 (Extraordinary) placed at Appendix B. The modified Training
Structure is applicable to a student registered to the Executive Programme on or after 1st April
2014; and a student registered to the Executive Programme on or before 31st March,2014, if
(s)he opts for the modified training structure in lieu of the earlier structure.
10
Duration of Training:
(i) three years on registration for Executive Programme; or
(ii) two years after passing the Executive Programme examination; or
(iii) one year after passing the Professional Programme examination.
Students are free to undergo training wholly or partly with a Company Secretary in Practice or a
Company or any other entity registered for imparting training with the Institute.
CORE TOPICS:
1. Leadership skills, Innovation, latest trends in management thoughts.
2. Business strategy, Corporate restructuring through Mergers & Amalgamations, Take
Over, Valuation, Competition Law, Consumer Protection.
3. Cross border transactions, global business scenario.
4. Major tax laws, Double Taxation Treaty Agreements, Service Tax.
5. Corporate Governance, Business Ethics, Sustainability.
6. Meetings, Secretarial Standards, Important provisions of Company Law.
7. Capital Market related topics, Regulatory insight, Exchange related issues.
8. Projects covering diverse areas including corporate laws.
9. Intellectual Property Rights
10. Arbitration, Conciliation, Alternate Dispute Redressal Mechanism
11. Corporate Compliance Management
12. Areas of Practice –Existing & Emerging
13. Understanding Financial Statements
14. Art of Advocacy, Court craft, Pleadings
15. Board Room behaviour, Drafting of Chairmen’s Speech, Directors’ Report
16. Networking skills and business behaviour
17. About ICSI and Code of Conduct
18. Any other Topic of Topical interest.
11
As far as practicable, the mechanism for MSOP should be through Case Studies, Story Telling,
Group Discussions, Role Playing, simulation exercises and the like so as to provide a real-life
practical exposure.
ELECTIVES
1. Behavioural Sciences
2. Listing Compliances, Case Studies
3. Sick Companies and solvency laws
4. NGOs /Micro financing/Cooperative Societies
5. Part IX Companies
6. Practical aspects of Criminal law
7. Inspection and Investigation, Compounding of offences under various laws Companies
Act, FEMA, SEBI
8. VAT-Procedure & Practice
9. Laws relating to Intellectual Property Rights
10. Taxation – Corporate Taxation, Personal Tax Planning & Management, Filing of Returns
11. Private Equity, Venture Capital, Hedge Funds
12. International Trade & Policy
13. Banking & Insurance
14. Cyber laws
15. Stress management
2.3 Comparative Table showing Earlier Training Structure and Modified Training
Structure at a glance
Components of Training Duration of Earlier Training Modified Training
training Structure Structure
Computer Training Seventy hours Not Applicable Not Applicable
Student Induction Seven days Not Applicable Not Applicable
Programme(SIP) (after taking
registration in
Executive
Programme)
Executive Development Eight days Applicable Not Applicable
Programme(EDP) (After passing
Executive
Programme)
Long Terms Internship -- Fifteen months Three years on
with specified entities (After passing registration to Executive
Executive Programme;
12
Programme) or
Two years after passing
the Executive
Programme;
or
One year after passing
the Professional
Programme.
Professional Twenty-five Applicable Not Applicable
Development hours
Programme ( PDP)
Training with Fifteen days Applicable Not Applicable
specialised agency
Management Skills Fifteen days Applicable Applicable
Orientation Programme
( MSOP)
CHAPTER III
Training either under earlier training structure or under modified training structure can be
undergone with the following organizations, which are registered with the Institute for
imparting 15 months Training:
(i) COMPANIES
Companies (whether public or private; listed or unlisted) having paid up share capital of
Rupees fifty lacs or more are eligible for registration with the Institute for imparting training
to CS students
(iii) BANKS
All banks recognised by RBI are considered equivalent to companies for the purpose of
imparting training without the limiting factor of paid up share capital;
(iv) LAW FIRMS, CONSULTANCY FIRMS, FINANCIAL INSTITUTIONS, LIMITED LIABILITY
PARTNERSHIPS
Law Firms, Consultancy Firms, Financial Institutions, Limited Liability Partnerships are
allowed to impart training to the students of the Institute.
Training can be undergone with Company Secretary in whole-time practice or a firm of such
Company Secretaries, who are members of the Institute, registered for imparting training
The students are advised to ensure that the Company/Organization/PCS is Registered with
the Institute for imparting training before the commencement of the training.
3.2 Procedure for registration of companies and other organisations for imparting 15
months/3 years/2 years/1 year training
For registration of company and other organisation for imparting training the paid up share
capital of the company should not be less than Rs. 50 lacs It should have facilities to impart
training in various departments particularly Secretarial (Shares & Legal), Finance & Accounts
(including Costing, Management Accounting, Internal Audit & Taxation), Administration
14
(including Personnel, General Administration, Industrial & Public Relations, Marketing & Material
Management etc.).
Documents required for registration of companies and other organisation for imparting training:-
(i) A duly signed request letter from company on its letter head having details of paid up
share capital, number of trainees to be accommodated in a year, amount of stipend
payable to trainees.
(ii) A certified true copy of latest balance sheet of the company and other organisation (for
registration of Banks and Government bodies Balance Sheet is not required).
(iii) No fee is payable for registration of company / other entity for imparting training.
3.3 Procedure for registration of Law Firm, Consultancy Firms Financial Institutions,
Limited Liability Partnerships for imparting 15 months/3 years/2 years/1 year training
Guidelines and eligibility criteria for registration of Law Firms, Consultancy Firms, and Financial
Institutions for imparting training are available at training link on the website of the Institute
www.icsi.edu: -
A duly signed request letter from authorised signatory on letter head of the consultancy
firm having details of number of partners with their names, trainees to be accommodated
in a year, amount of stipend payable to trainees, brief profile of the firm including work
areas, infrastructure available for training etc.
(ii) For registration of Financial Institution for imparting training-
• A duly signed request letter from authorised signatory on letter head of financial
institution having details of fixed assets, standing
• Number of trainees to be accommodated in a year
• Amount of stipend payable to trainees
• Brief profile, infrastructure available for training etc. along with document of registration or
approval of the prescribed authority as may be required under the applicable laws
• Authenticate document indicating gross fixed assets minimum of Rupees Ten lacs only
(preferably balance sheet)
• Having standing of at least ten years of the concerned financial institution
15
For getting registered with the Institute for imparting training to the students, a Company
Secretary in Practice is required to submit duly filled application form as prescribed by the
Institute. The application form is placed at Appendix D. After approval a registration number is
allotted to the Company Secretary in Practice.
3.6 Procedure for registration of 15 months/3 years/2 years/1 year Training with the
company/organisation (including law firm, consultancy firms etc.)
(i) After selection by the company/organisation (including law firm, consultancy firms etc.)
the student concerned would forward copy of appointment letter indicating the date of
commencement along with prescribed Training Form (Appendix E) and copy of
Completion Certificate of Executive Development Programme (in case of earlier training
16
3.7 Procedure for registration of 15 months/3 years/2 years/1 year training with Company
Secretary in Practice
(i) Firstly, ensure whether the Company Secretary in Practice is registered with the Institute
for imparting training. (List of Company Secretary in Practice is registered with the
Institute for imparting training is available on training page at website www.icsi.edu);
(ii) Ensure whether the Company Secretary in Practice is eligible to take trainee with regard
to the entitlement of maximum number of trainees of the concerned Company Secretary
in Practice registered for imparting training with the Institute;
(iii) Candidate may apply in the prescribed training form (Appendix E)for the issuance of
sponsorship letter i.e. bio-data letter before commencement of training;
(iv) After selection, a contract for training in the prescribed format (Appendix F) (as per the
Apprenticeship Training Guidelines, 1982 as amended from time to time and available at
training page on the website www.icsi.edu) has to be executed between the Company
Secretary in Practice and the student concerned. The Trainer and the student have to
keep one copy of the contract;
(v) Within 15 days of execution of contract for apprenticeship, the Company Secretary in
Practice/ student has to submit a copy of contract, the particulars as prescribed in Part A
& B with regard to employer and trainee, copy of completion certificate of EDP (in case
of earlier training structure only) and Executive Programme pass mark-sheet with the
Institute for registration of training with the Institute;
(vi) the Institute after taking the training on record will issue 15 months / 1 year / 2 year / 3
year training registration letter to the Company Secretary in Practice with a copy to the
student.
3.8 Procedure for transfer of 15 months/3 years/2 years/1 year training in between
training period to any other company /organisation (including law firm, consultancy
firms, financial institutions etc.) or Company Secretary in Practice
For transfer of training in between the training period to some other company/organisation
(including law firm, consultancy firms etc.) or Company Secretary in Practice registered for
imparting training with the Institute, the student has to submit a Certificate of Discontinuation of
Training in the prescribed format (Appendix H) along with the “No Objection Certificate” from the
previous trainer and has to follow the same procedure for undergoing remaining period of
training as applicable in case of first trainer with regard to submission of sponsorship letter,
appointment letter, Contract for apprenticeship etc. with the Institute.
17
There is no limit for maximum number of trainees to be imparted training by a Company or other
organization. It is entirely at the discretion of the company/organization concerned.
3.10 Limit of number of trainees with Law Firm/ Consultancy Firm/Financial Institution
Consultancy Firms/Law firms shall be entitled to have maximum five trainees per partner of the
respective Consultancy firm/Law firm at a time. However, there is no restriction of maximum
number of trainees for Financial Institutions.
A PCS with two years of continuous practice will be entitled to engage only one trainee.
If the PCS surrenders his certificate of practice and starts his practice after a gap, he will be
entitled to have the same number of trainees as he was entitled when he surrendered his
certificate of practice.
The candidates undergoing training with Company Secretaries in Practice shall be required to
work during normal hours during the training period which shall not be less than 6 hours a day
for 5 days in a week.
Minimum working hours has not been specified in case of training with Companies and other
organisations (including Law Firm/ Consultancy Firm). However, the working hours as specified
for training with Company Secretaries in Practice may be followed in case of training with
Companies and other organisations (including Law Firm/ Consultancy Firm).
3.13 Stipend
It is clarified that if any student is already undergoing training for 15 months / 3 years / 2 years /
1 year and during the period at any time he/she passes examination of Executive Programme /
or Professional Programme, then his/her stipend for remaining period of training shall also get
changed in accordance to the above table as applicable to higher stage.
3.14 Leave
Number of leaves to be availed by the students under the earlier training structure & modified
training structure is as given below: -
Earlier training Modified Training Structure
structure
15 months 3 years training 2 years training 1 year training
training
Students Not applicable 36 days casual Not applicable Not applicable
registered in leave
Executive + 72 days
Programme leaves for
study &
examinations
Students 15 days casual Not applicable 24 days casual Not applicable
passed leave leave
Executive + 30 days + 48 days
Programme leaves for leaves for
study & study &
examinations examinations
Students 15 days casual Not applicable Not applicable 12 days casual leave
passed leave
Professional
Programme
(vii) Sundays & holidays falling in between the period of leave availed for the purpose of
study & examinations shall be counted for the number of days leaves availed. Whereas
if availing casual leaves, Sundays & holidays falling in between shall not be counted.
(viii) A student while undergoing 15 months or 3 years or 2 years training and if he/she
passes Professional Programme examination in between then after passing the
Professional Programme examination, he/she shall be eligible to avail casual leave @ 1
day per month only for the remaining period of training.
During training period, a trainee has to submit duly filled Quarterly Report in prescribed format
(Appendix G) on completion of every quarter.
During training period, a trainee has to prepare a Project Report on any one of the prescribed
Topics during the last quarter of training. The trainee is required to submit the Project Report to
his/her trainer and to submit a copy of the Project Report duly signed by the trainer with the
Institute on completion of training period. Topics for preparation of Project Report are given at
Appendix K.
On completion of training period, the trainee shall be required to submit a Training Completion
Certificate in the prescribed format (Appendix I) with the Institute.
Trainees are advised to take the Training Completion Certificate in duplicate and to keep one
copy of the same for future reference and records.
***************
20
CHAPTER IV
INFORMATION AND PROCEDURES RELATED TO
SIP/EDP/PDP/MSOP
4.1 Student Induction Programme (SIP)
Consequent upon amendment to the Company Secretaries Regulations, 1982 vide notification
dated 1st April, 2014, Student Induction Programme (SIP) is not compulsory for the students
undergoing training under the earlier training structure or under the modified training structure.
• Student has to submit an application in the prescribed form along with a copy of Executive
Programme pass certificate with the concerned/nearest Regional Council/Chapter office of
the Institute along with the prescribed fee which is presently Rs.1000/- (Rupees One
thousand Only) for EDP.
• There is no provision for exemption from EDP. However, EDP is not applicable for the
students who have been granted exemption from undergoing management/apprenticeship
training.
• Professional Development Programmes are conducted by all the Regional Councils and
Chapters for the benefit of members & students on regular basis.
• Student has to submit an application in the prescribed form along with a copy of Executive
Programme pass marks sheets with the concerned Regional Council/ Chapter along with
the prescribed fee.
• For PDP students are required to pay fee as may be fixed for the programme time to time.
However, the Regional Councils/ Chapters have been advised to charge a concessional
fee from the students attending Professional Development Programme.
21
• There is no provision for exemption from PDP. However, PDP is not applicable for the
students who have been granted exemption from undergoing 15 months training.
• A candidate who has passed Professional Programme/ Final examinations of the Institute
after completion of all the training requirements or exempted thereof is eligible to attend
MSOP.
• MSOP is applicable under earlier training structure as well as under modified training
structure. MSOP is compulsory and there is no exemption from MSOP.
• ICSI-CCGRT is conducting e-MSOP also. The Candidates who have completed Company
Secretaryship Final/ Professional Programme examination two years prior to the date of
application for undergoing e-MSOP shall be eligible to attend e-MSOP.
Consequent upon amendment to the Company Secretaries Regulations, 1982 vide notification
dated 1st April, 2014, Computer Training is not required to be undergone by the students
undergoing training under the earlier training structure or under the modified training structure.
************
22
CHAPTER V
INFORMATION AND PROCEDURES RELATED TO
15 DAYS SPECIALIZED TRAINING
5.1 Applicability:
• 15 days specialized training is applicable under the earlier training structure only.
Note: For exemption from undergoing 15 days specialised agency, please refer Chapter VI of
this booklet.
************
23
CHAPTER VI
INFORMATION AND PROCEDURES RELATED TO EXEMPTION FROM
UNDERGOING 15 MONTHS/1 YEAR/15 DAYS TRAINING (SPECIALISED)
6.1 Information on Exemption from undergoing 15 months and 15 days specialised
training under the earlier training structure
Exemption from undergoing 15 months training and 15 days specialised training can only be
claimed on the basis of possessing work experience after passing the Final/Professional
Programme Examination provided the student fulfils the requirements of Chapter VII of the
Company Secretaries Regulations, 1982.
(a) Required work experience for claiming exemption from undergoing management training
of 12 months (regulation 48) is briefly given as under:-
(i) One year experience as an Assistant/Deputy Company Secretary or any other post
higher thereto in the Secretarial Department or three years experience as a
Secretarial Officer/Executive in Secretarial Department in any company or body
corporate having a paid-up share capital and reserves of not less than rupees
twenty-five lakhs or any organisation having gross fixed assets of not less than
rupees fifty lakhs including any public sector undertaking, autonomous or statutory
body, financial institution or bank which in the opinion of the Council provides scope
for acquiring sufficient professional experience;
(ii) two year’s experience as an executive or three years experience as an assistant
under a Company Secretary in whole time practice or in a firm of such Company
Secretaries, which in the opinion of the Council provides scope for acquiring
sufficient professional experience;
(iii) three years experience of continuous practice on a whole-time basis as a Chartered
Accountant or Cost Accountant having carried out statutory /cost /internal audit or
providing management consultancy services or three years experience of continuous
practice as an Advocate in a high Court having rendered services as
Counsel/Advisor to a Company having paid –up share capital and services of not
less than rupees twenty –five lakhs or any organisation having gross fixed assets of
not less than rupees fifty lakhs including any public sector undertaking, autonomous
or statutory body, financial institute or bank which in the opinion of the Council
provides scope for acquiring sufficient professional experience.
(iv) three years experience as an executive or four years experience as an assistant in
the secretarial, administration, accounts, finance, personnel or legal department in
any company or body corporate having a paid-up share capital and reserves of not
less than rupees twenty five lakhs or any organisation having fixed assets of not less
than rupees fifty lakhs including Central/State Government, any Public Sector
Undertaking, autonomous or statutory body, financial institution , banking or
insurance company which in the opinion of the Council provides scope for acquiring
sufficient professional experience.
Applications claiming exemption from undergoing training are examined and processed
on case to case basis and a candidate may be granted exemption from undergoing 12
24
months management training (Regulation 48) and required to undergo balance 3 months
practical training of one month each on Secretarial Department, Finance & Accounts
Department and Administration Department and 15 days training with any one
specialised agency (Regulation 50).
For information and procedure on balance 3 months practical training (Regulation 50),
please refer Chapter VII of this booklet
(b) A candidate possessing one year experience as an Assistant/Deputy Company
Secretary or any other post higher thereto in the Secretarial Department in a company or
body corporate having a paid up share capital and reserves of not less than Rs.25 lacs
or any organization having gross fixed assets of not less than Rs.50 lacs including any
Public Sector Undertaking, Autonomous body, Financial Institution or Bank, which in the
opinion of the Council, provides scope for acquiring sufficient professional experience
(Regulation 51) may be granted exemption from undergoing 3 months’ practical training
of one month each on Secretarial Department, Finance & Accounts Department and
Administration Department and from undergoing 15 days training with any one
specialised training also in addition to grant of exemption from undergoing 12 months
management training.
(c) A candidate who has acquired practical experience as specified in point (a) above
(Regulation 48) may be exempted, for a maximum period of one month in any one of the
three areas of Practical Training and for a maximum period of fifteen days in a
specialized agency (Regulation 50), provided the candidate gives documentary evidence
to show that he has acquired substantial portion of his practical experience in that area.
(d) Any person not falling in all or any respects with regard to practical experience and
practical training requirements as specified above (Regulations 48, 51 and 52) but
claims to have acquired practical experience and undergone practical training,
equivalent to those specified under these regulations may apply for full or partial
exemption from acquiring practical experience or undergoing practical training as the
case may be and the Council may determine each case for partial or total exemption
taking into account the evidence produced by such person or after interviewing him.
(Regulation 53)
6.2 Procedure for claiming exemption from undergoing 15 months training and 15 days
specialised training under the earlier training structure
A candidate who want to claim exemption from undergoing 15 months training and 15 days
specialised training under earlier training structure has to submit the following documents with
the Institute:
a. Application Form for Management /Apprenticeship/ Practical Training/ Exemption from
undergoing Training. (APPENDIX E)
b. Experience Certificate (s) indicating exact designation, duration of service, salary drawn,
job contents in brief duly signed by the appropriate authorized signatory of the employer
organization.
c. Certified copy of Balance Sheet(s) in respect of the organization(s)
d. Organization Chart indicating the position in the organizational hierarchy duly certified by
the authorized signatory of employer organization.
e. Salary slip for the beginning and last pay drawn from the organization(s)
f. Appointment letter from past/present employer.
25
6.3 Information on Exemption from undergoing 1 year training under the modified
training structure
Exemption from undergoing one year training under the modified training structure can only be
claimed on the basis of possessing work experience after passing the Final/Professional
Programme Examination provided the student fulfils the requirements of Chapter VIA of the
Company Secretaries Regulations, 1982.
(a) Required work experience for claiming exemption from undergoing one year practical
training (Regulation 46AB) is briefly given as under:-
(i) (a) One year experience as an Assistant Company Secretary or Deputy Company
Secretary or any other post equivalent or higher thereto in the Secretarial
Department; or (b) two years’ experience as a Secretarial Officer or Executive or
any other post equivalent or higher thereto; or (c) three years experience as an
Assistant or any other post equivalent or higher thereto in Secretarial Department in
any company or body corporate having a paid-up share capital of not less than fifty
lakh rupees or turnover of not less than ten crore rupees or in any public sector
undertaking, autonomous or statutory body, financial institution or bank which in the
opinion of the Council provides scope for acquiring sufficient professional
experience; or
(ii) (a) Two years’ experience as Secretarial Officer or Executive or any post equivalent;
or (b) three years’ experience as an Assistant or any other post equivalent or higher
thereto under a Company Secretary in whole time practice or in a firm of Company
Secretaries, which in the opinion of the Council provides scope for acquiring
sufficient professional experience; or
(b) Any person not falling in all or any respects with regard to practical experience and
practical training requirements as specified in point (a) above (Regulation 46AB) but
claims to have acquired practical experience and undergone practical training,
equivalent to those specified under these regulations may apply for full or partial
exemption from acquiring practical experience or undergoing practical training, as the
case may be, and the Council may determine each case for partial or total exemption
taking into account the evidence produced by such person or after interviewing him.
(Regulation 46AC)
26
6.4 Procedure for claiming exemption from undergoing 1 year training under the
Modified training structure
A candidate who wants to claim exemption from undergoing one year training under the
modified training structure has to submit the following documents with the Institute:
a. Application Form for Management /Apprenticeship/ Practical Training/Exemption from
undergoing Training. (APPENDIX E)
b. Experience Certificate (s) indicating exact designation, duration of service, salary drawn,
job contents in brief duly signed by the appropriate authorized signatory of the employer
organization.
c. Certified copy of Balance Sheet(s) in respect of the organization(s)
d. Organization Chart indicating the position in the organizational hierarchy duly certified by
the authorized signatory of employer organization.
e. Salary slip for the beginning and last pay drawn from the organization(s)
f. Appointment letter from past/present employer.
************
27
CHAPTER VII
Candidates who have been granted exemption on the basis of working experience from
undergoing 12 months or more training under Chapter VII of the Company Secretaries
Regulations, 1982 are required to undergo balance training of 03 months or less period, as the
case may be, for one month each in Secretarial Department, Finance & Accounts Department
and Administration Department is termed as Practical Training (Regulation 50).
7.2 Where balance 3 months Practical Training (Regulation 50) can be undergone
Balance 3 months practical training can be undergone only with those Companies/Entities which
are registered with the Institute for imparting 03 months Practical training to the students.
Company Secretaries in Practice registered for imparting 15 months training are also eligible to
impart balance 3 months practical training.
7.3 Procedure for registration of Company for imparting 3 months Practical Training
(Regulation 50)
For imparting 3 months practical training, the paid up share capital of the company should not
be less than Rs.25 lacs. It should have facilities to impart 03 Months Practical Training in
various departments particularly Secretarial (Shares & Legal), Finance & Accounts (including
Costing, Management Accounting, Internal Audit & Taxation), Administration (including
Personnel, General Administration, Industrial & Public Relations, Marketing & Material
Management etc.).
Following documents are required for registration of companies for imparting 03 months
practical training:
(i) A duly signed request letter from company on its letter head having details of paid up
share capital, number of trainees to be accommodated in a year, amount of stipend
payable to trainees.
(ii) A certified true copy of latest balance sheet of the company and other organisation (for
registration of Banks and Government bodies for imparting training, Balance Sheet is not
required)
(iii) No fee is payable for registration of company for imparting training.
specifically mentioning the name of the company/entity registered with the Institute for
imparting 03 months Practical Training for issuance of sponsorship letter.
(ii) The Institute will issue sponsorship letter to the concerned company for arranging the
Practical training of the student with a copy to the student. Student can commence the
training only on the basis of sponsorship letter issued by the Institute.
(iii) The company will intimate the date of commencement of the training of the student to
the Institute for record.
(iv) The company will issue a training completion certificate on completion of the training for
record. (APPENDIX I)
7.5 Procedure for undergoing 03 months Practical training with a Company Secretary in
Practice
************
29
CHAPTER VIII
Regulation 55A and Regulation 46AF of the Company Secretaries Regulations, 1982 provides
provisions related to disciplinary action in connection with training including Management Skills
Orientation Programme.
Explanation: For the purposes of this regulation, the expression “misconduct” shall include
30
“a behaviour in a disorderly manner in relation to the Institute or in or near the place where
undergoing training, breach of any regulation, condition, guideline or direction laid down by
the Institute, malpractice with regard to training or resorting to or attempting to resort to
unfair means in connection with the undergoing of training or seeking exemption from
undergoing the training or for breach of any policies, rules and regulations for the
organisation in which he is undergoing training;”
************
31
CHAPTER IX
A person who has passed the Intermediate/Executive Programme examination and Final
Examination/ Professional Programme examination of the Institute and has undergone
prescribed training or exempted therefrom on the basis of experience is eligible to apply for
Associate membership of the Institute provided he has attained the age of 21 years on the date
of application as per the Matriculation/school leaving certificate. An application for Associate
membership of the Institute is to be made in the approved Form-A (Appendix I) along with the
following:
(i) Rs. 1500/-as Entrance fee and Rs. 1125/- as Annual Associate Membership Fee (Rs.
562.50 if admitted during October-March,);
(ii) Certificate of fitness from two members of the Institute having 3 years standing:
(iii) copy of all training related documents/ certificates such as EDP certificate, PDP
certificate, MSOP certificate, 15 days Specialised Training Completion Certificate and 15
months/3 years/2 years/1 year Training Completion Certificate, letter granting exemption
from training: if any.
(iv) photocopies of certificates of date of birth and degree Examination(s) attested by any
member of the Institute or any Officer of the Institute of the rank of Section Officer or
above and certificate of Indian Domicile in original along with Photostat copy thereof, if
applicable.
************
32
APPENDICES
33
APPENDIX A
Chapter VII of the Company Secretaries Regulations, 1982
Practical Experience and Training Requirements
47. Practical Experience and Training
A candidate who has passed the Final Examination or Professional Programme Examination of
the Institute shall be required to possess the practical experience and undergo the practical
training or be exempted therefrom as specified in this Chapter for becoming eligible to Associate
Membership of the Institute.
than rupees fifty lakhs including Central/State Government, any Public Sector
Undertaking, autonomous or statutory body, financial institution, banking or
insurance company which in the opinion of the Council provides scope for acquiring
sufficient professional experience;
(v) have acquired practical experience equivalent to those specified under clause (b) or
clause (c) of this regulation in such professional Institutions in India or abroad as
may be recognized by the Council in this behalf on reciprocal basis;
OR
(b) to undergo training in the manner and areas specified by the Council for a period of
fifteen months in a company having a paid-up share capital of not less than rupees fifty
lakhs or any other institution or organisation as may be approved by the Council from
time to time;
OR
(c) to undergo training under a Company Secretary in whole-time practice or in a firm of
such Company Secretaries as approved by the Council for a period of fifteen months on
whole time basis working during normal working hours.
(d) a candidate registered for Executive Programme on or after the 1st September, 2009
and is required to undergo training under clause (b) or (c) of regulation 48, shall attend
and complete successfully Executive Development Programme for eight days and attend
Professional Development Programmes for twenty five hours or for such hours as may
be approved by the Council from time to time or exempted therefrom.
(1) A candidate who has passed the Intermediate Examination or Executive Programme
Examination of the Institute may commence his training under clause (b) or clause (c) of
Regulation 48, with the approval of the Secretary if sufficient companies or Company
Secretaries or firms of Company Secretaries in practice willing to accept trainees are available
for the purpose.
(2) A Company Secretary or a firm of Company Secretaries in practice under whom a candidate
is required to undergo training under clause (c) of Regulation 48 shall be required to be
approved by the Council and shall pay a monthly stipend as may be determined by the Council
from time to time.
Every candidate passing the Final Examination or Professional Programme Examination of the
Institute in addition to acquiring practical experience or undergoing training as stipulated in
Regulation 48 shall be required to undergo compulsory practical training for a total period of four
months as specified below:
(a) to undergo three months‘ training in a public limited company or body corporate having a
paid-up share capital of not less than rupees twenty-five lakhs as approved by the
Council from time to time in the following manner:
(i) Secretarial Department (including Shares and Legal) – one month;
(ii) Finance and Accounts Department (including Costing, Management Accounting,
Internal Audit and Taxation) – one month;
35
51. Exemption from undergoing practical training except secretarial training programme
A candidate may be exempted from undergoing practical training as specified in clause (a) of
Regulation 50 and fifteen days in a specialized agency as specified in clause (b) of Regulation
50, if he possesses one year‘s experience as assistant secretary or any post higher thereto, in
the secretarial department in a company or a body corporate having a paid-up Share capital and
reserves of not less than rupees twenty-five lakhs or any Organisation having gross fixed assets
of not less than rupees fifty lakhs including any public sector undertaking, autonomous body,
financial institution of bank which in the opinion of the Council, provides scope for acquiring
sufficient professional experience.
52. Partial exemption from undergoing practical training
A candidate who has acquired practical experience as specified in clause (a) of Regulation 48
may be exempted, for a maximum period of one month in any one of the three areas of Practical
Training specified in clause (a) Regulation 50 and for a maximum period of fifteen days in a
specialized agency as specified in clause (b) of Regulation 50, provided he gives documentary
evidence to show that he has acquired substantial portion of his practical experience in that
area.
53. Exceptions
(1) (Since deleted)
(2) Any person not falling in all or any respects with regard to practical experience and practical
training requirements as specified in the Regulations 48, 51 and 52, but claims to have acquired
practical experience and undergone practical training, equivalent to those specified under these
regulations may apply for full or partial exemption from acquiring practical experience or
undergoing practical training as the case may be and the Council may determine each case for
partial or total exemption taking into account the evidence produced by such person or after
interviewing him.
36
Every applicant claiming to have acquired the necessary practical experience and undergone
the prescribed practical training, shall be required to obtain certificate from at least two
members having a standing of three years membership as approved by the Council, certifying
that in the opinion of the certifying members, the candidate is a fit and appropriate person to be
admitted to the Associate Membership of the Institute.
A candidate, who possesses the requisite practical experience and has undergone the requisite
practical training or has been exempted therefrom as provided in these regulations, shall be
required to produce necessary documentary proof to the satisfaction of the Council along with
his application in the appropriate form for Associate Membership.
In the event of any misconduct by a candidate undergoing training including management skills
orientation programme, the Council or the Disciplinary Committee may suo-moto or on receipt of
a complaint, if it is satisfied that the misconduct is proved after such investigation as it may
deem necessary after giving him an opportunity of being heard, or cancel or suspend his
registration as a student or suspend or debar him from appearing in any one or more
examinations of the Institute or direct that any period of training already undergone shall not be
reckoned for the purposes of Regulation 48 or Regulation 50 or declare that such a candidate is
not fit and appropriate person to be admitted to the Associate Membership of the Institute.
************
37
APPENDIX B
No. 710/1 (M)/1. – WHEREAS the draft regulations further to amend the Company Secretaries
Regulations, 1982 were published, as required by sub-section (3) of section 39 of the Company
Secretaries Act, 1980 (56 of 1980), at pages 1 to 8 in the Gazette of India Extraordinary, Part III,
Section 4 dated December, 31, 2012 under the notification of the Institute of Company
Secretaries of India number 710/1 (M)/1 dated December 31, 2012 for inviting objections and
suggestions from all persons likely to be affected thereby before the expiry of forty-five days of
the date on which the copies of the said notification as published in the Gazette of India were
made available to the public;
AND WHEREAS objections and suggestions were invited before the expiry of period of forty five
days from the date on which the copies of the said Gazette were made available to the public;
AND WHEREAS the said Gazette was made available to the public on the 8th January, 2013;
AND WHEREAS objections and suggestions received from the public have been considered by
the Council;
NOW, THEREFORE, in exercise of the powers conferred by sub-section (1) of the section 39 of
the Company Secretaries Act, 1980 (56 of 1980), the Council, with the approval of the Central
Government, hereby makes the following regulations further to amend the Company Secretaries
Regulations, 1982, namely: -
1 (1) These regulations may be called the Company Secretaries (Amendment)
Regulations, 2014.
(2) These regulations shall come into force on the date of their publication in the Gazette
of India.
2 In the Company Secretaries Regulations, 1982,-
(i) for regulation 40, the following regulation shall be substituted, namely: -
“40 Admission to Executive Programme Examination.-
No candidate shall be admitted to Executive Programme Examination unless he is a
registered student and applies with such examination fees as may be determined by the
Council from time to time, in accordance with the directions given by the Council.”
(ii) after Chapter VI, the following Chapter VIA shall be inserted, namely: -
“CHAPTER VI A
Practical Experience and Training requirements
46AA. Applicability of this Chapter.-
The provisions of this Chapter shall apply to: -
38
(a) a student registered to the Executive Programme on or after the date of publication
of this notification; and
(b) a student registered to the Executive Programme before the date of publication of
this notification, if he wishes to comply with the requirements of this Chapter instead
of those specified in Chapter VII.
46 AB Practical Experience and Training.-
1. A student who has passed the Final examination or Professional Programme
examination of the Institute shall become eligible to Associate Membership of the
Institute only after he has -
(a) undergone the practical training for a period of-
(i) three years on registration for Executive Programme; or
(ii) two years after passing the Executive Programme examination; or
(iii) one year after passing the Professional Programme examination;
on whole time basis during normal working hours-
(i) in a company having a paid up share capital of not less than fifty lakh rupees; or
(ii) in any other institution or organisation or class of institutions or organisations as
may be approved by the Council from time to time; or
(iii) under a Company Secretary in whole-time practice or in a firm of Company
Secretaries;
(b) completed Management Skills Orientation Programme, after passing the Final
examination or Professional Programme examination and undergoing practical
training as specified in clause (a) of sub-regulation (1) or exempted therefrom, either
in class room environment or online for a period of fifteen days in such manner and
of such contents as may be provided by the Council from time to time.
2. The practical training referred to in clause (a) of sub-regulation (1) may be dispensed for
a student, if to the satisfaction of the Council, he has fulfilled the following experience,
namely: -
(i) (a) One year experience as an Assistant Company Secretary or Deputy Company
Secretary or any other post equivalent or higher thereto in the Secretarial
Department; or (b) two years’ experience as a Secretarial Officer or Executive or
any other post equivalent or higher thereto; or (c) three years experience as an
Assistant or any other post equivalent or higher thereto in Secretarial Department in
any company or body corporate having a paid-up share capital of not less than fifty
lakh rupees or turnover of not less than ten crore rupees or in any public sector
undertaking, autonomous or statutory body, financial institution or bank which in the
opinion of the Council provides scope for acquiring sufficient professional
experience; or
(ii) (a) Two years’ experience as Secretarial Officer or Executive or any post equivalent;
or (b) three years’ experience as an Assistant or any other post equivalent or higher
thereto under a Company Secretary in whole time practice or in a firm of Company
Secretaries, which in the opinion of the Council provides scope for acquiring
sufficient professional experience; or
39
46AC Exceptions
Any person not falling in all or any respects with regard to practical experience and practical
training requirements as specified in regulation 46AB but claims to have acquired practical
experience and undergone practical training, equivalent to those specified under these
regulations may apply for full or partial exemption from acquiring practical experience or
undergoing practical training, as the case may be, and the Council may determine each case for
partial or total exemption taking into account the evidence produced by such person or after
interviewing him.
Every applicant claiming to have acquired the necessary practical experience and undergone
the required practical training, shall be required to obtain certificate from at least two members
having a standing of three years membership, as approved by the Council, certifying that in the
opinion of the certifying members, the candidate is a fit and appropriate person to be admitted to
the Associate Membership of the Institute.
A candidate who possesses the requisite practical experience and has undergone the requisite
practical training or has been exempted therefrom as provided in these regulations, shall be
required to produce necessary documentary proof to the satisfaction of the Council along with
his application in the appropriate form for Associate Membership.
In the event of any misconduct by a candidate undergoing training including management skills
orientation programme, the Council or the Disciplinary Committee may suo-moto or on receipt of
a complaint, if it is satisfied that the misconduct is proved after such investigation as it may
deem necessary after giving him an opportunity of being heard, reprimand the candidate or
cancel or suspend his registration as a student or suspend or debar him from appearing in any
one or more examinations of the Institute or direct that any period of training already undergone
shall not be reckoned for the purpose of regulation 46AB or declare that such a candidate is not
fit and appropriate person to be admitted to the Associate Membership of the Institute.
Explanation: For the purposes of this regulation, the expression “misconduct” shall include “a
40
behaviour in a disorderly manner in relation to the Institute or in or near the place where
undergoing training, breach of any regulation, condition, guideline or direction laid down by the
Institute, malpractice with regard to training or resorting to or attempting to resort to unfair
means in connection with the undergoing of training or seeking exemption from undergoing the
training or for breach of any policies, rules and regulations for the organisation in which he is
undergoing training;”
(iii) after regulation 55A, the following regulation shall be inserted, namely: -
The provisions of this Chapter shall apply to students registered to Intermediate or Executive
Programme before the date of this notification, if they do not opt to comply with the provisions of
Chapter VIA.”
M. S. SAHOO, Secy.
(ADVP.III/4/Exty./121/13)
Note: The principal regulations were published in the Gazette of India vide notification ICSI
No.710/2 (1), dated the 16th September, 1982 and subsequently amended vide:
************
41
APPENDIX C
State-
PIN-
Telephone with STD Code Residence- Office-
Mobile phone Number
Email Id.
Claiming exemption from training under
modified structure- Yes/ No
(if yes, apply separately in the specified
form)
Important : 1. Student opting for switchover from earlier training structure to modified
training structure will not get any credit or exemption for any period of
training completed by them under the old scheme.
2. Along with this format, student must attach the copy of confirmation letter
issued by the company/or Practising Company Secretary/or other
organizations in support that concerned company/or PCS/or other
organization has confirmed to take him/her as trainee.
Declaration
I wish to opt/switch over to the modified training structure applicable w.e.f. 01.04.2014 as
prescribed under Chapter-VIA of the Company Secretaries Regulations, 1982. I am fully aware
that on opting/switching over to the modified training structure, I shall not be entitled to any
benefit of training undergone or training requirements completed by me under the old training
structure and I shall have to undergo and complete training requirements under the modified
training structure after completion of all necessary requirements.
************
43
APPENDIX D
Dear Sir,
I/We request you to register me/us for imparting Training to the candidate sponsored by the
Institute, in accordance with the Company Secretaries Regulations, 1982 and the Guidelines for
Training by Practising Company Secretaries, 1985 as amended.
I/We hereby declare that l/we am/are in whole-time practice as a Company Secretary/firm of
Company Secretaries in practice subsequently l/we give below my/our necessary particulars for
your consideration:
No. of employees, other than the partner, if any, and their position
_____________________________________________________________________
44
I /we undertake to pay stipend as fixed by the Institute from time to time to a candidate while
engaging him as an apprentice,
Yours faithfully,
Signature
Date : _____________
************
45
APPENDIX E
Name______________________________________Age______________________years
(In block letters)
Father’s Name_____________________________________________________________
_________________________________________________________________________
Qualifications:
(b) *Professional:
(*Please attach the attested/photostat copies of ACA/AICWA certificates, if not sent earlier. In case sent earlier,
please give the reference)
46
Name & address of the organisation/Company Secretary in Practice with Membership Number
(Registered with the Institute for training purpose) in order of preference where training is to be
arranged
(i)______________________________________________________________________
(ii)______________________________________________________________________
(iii)______________________________________________________________________
(iv)______________________________________________________________________
(v)______________________________________________________________________
Have you indicated the particulars of your experience both past and present in the Application
Form at the time of registration with the Institute. Give reasons, if these are different from the
one given at the time of registration.
Details of exemption from Practical Training, if any, sought on the basis of executive experience
gained in those fields (Please refer to Regulations 48, 51, 52 and 46AB of the Company
Secretaries Regulations, 1982, as amended).
(1) I am enclosing the following documents in support of my claim for exemption from training:
(i) Experience Certificate(s) indicating exact designation, duration of service, salary drawn,
job contents in brief duly signed by the Managing Director(s)/Chief Executive(s).
(ii) Annual Report(s) in respect of the organisation(s).
(iii) Organisation Chart(s) duly certified by the Chief Executive of the organisation(s).
(iv) Salary slip for the beginning and last pay drawn from the organisation(s).
(v) Appointment Letter from past/present employer.
(2) Whether undergone Management Training/Apprenticeship, if yes, give the name of
Company Practising Company Secretary and duration.
Name of Company/ Practising Company Secretary Duration
From To
47
Declaration
I also agree that providing false particulars amounts to misconduct and if any misconduct is
observed on my part in terms of Regulation 55A or 46AF of the Company Secretaries
Regulations, 1982 (as amended from time-to-time), I shall abide by the decision of the Council
which may suspend or cancel my registration as a student or may suspend or debar me from
appearing in anyone or more examinations of the Institute or direct that any period of training
already undergone shall not be reckoned for the purpose of Regulation 48 or 50 or 48AB
declare that I am not fit and appropriate person to be admitted as an Associate Member of the
Institute.
Notes:
1. Training undergone by a student without prior sponsorship from the Institute shall not be
reckoned for the purpose of Regulation 48 or 50.
2. It is the endeavour of the Institute to process all applications for exemption from training
within a period of 30 days. However, in case you do not hear from the Institute within the
said period, kindly get in touch with the Directorate of Training, Membership Legal &
Placement.
************
48
APPENDIX F
************
50
6. Date on which the Contract of Company secretaries Apprenticeship Training has been
executed:
9. (a) Whether the apprenticeship trainee is engaged in any other business or occupation:
(b) If so, whether permission of the Council has been obtained (Quote letter no. & date)
(c) If permission is not sought, please give full details of engagement and the date since
when so engaged.
10. (a) Whether the apprenticeship trainee has taken up any other course of study,
academic or occupation:
(b) If so, whether permission of the Council has been obtained and the trainee is agreed
to compensate the minimum working hours as prescribed by the Institute (Quote
letter No. & date):
(c) If permission is not sought, give Give full particulars of the course, timing of the
classes held, working hours of the employer, etc.
I declare that the particulars given above are true and correct to the best of my knowledge and
belief and I undertake to intimate to the Institute and the employer within sixty days, any change
that may occur in the information furnished above during the period of my training for the
purpose of Company Secretaries Regulations, 1982.
I undertake to abide by all the rules as may be in force from time-to-time during the period I am
undergoing training. I further agree not to pass on, sell or gift away my study paper or any other
material provided to me by the Institute.
I declare that the particulars given above are true and correct to the best of my knowledge and
belief.
Place:
Date:
************
52
(PART-‘B’)
Particulars of the Employer
Company Secretary in Practice
1. Name::_________________________________________________________
2. Membership No. ACS/FCS__________________ CP No. :_____________
3. Name of the firm of which the member is proprietor/partner: ____________
4. If working as a paid Assistant with a Company Secretary/firm of Company Secretaries, name
of his employer: _______________________________
5. Whether the member is engaged in any other business or occupation at present, if so, please
give details:_________________________________________
6. Names of other trainees, if any, already undergoing training with the member, and their
student registration number:___________________________
7. Name of additional apprenticeship trainees, if any, already undergoing training with the
member and their registration number: ___________________
I declare that the particulars given in Part ‘B’ above are true and correct to the best of my
knowledge and belief and I undertake to intimate the Institute within sixty days any change that
may occur in the information furnished in Part ‘B’ during the period of training of the
apprenticeship trainee.
I further declare that:
(i) I have fully satisfied myself that the apprenticeship trainee is eligible to receive training,
as such, under the Company Secretaries Regulations, 1982, having passed the
Intermediate/ Executive Programme or Final/Professional Programme examination
conducted by the Institute.
(ii) The Contract of Apprenticeship Training has been executed in duplicate.
(iii) I have fully; satisfied myself that the Contract has been executed correctly in all
respects.
(iv) One copy of the Contract of Apprenticeship Training has been retained by me and the
other has been given to the apprenticeship trainee.
(v) I shall be paying a stipend of Rs. ______________ per month to the trainee.
8.Address for communication
___________________________________________________________________________
Tel. No. (R) _____________________________ (O) _________________________________
Mobile No. _______________ Email Address_______________________________________
Place:
Date: Signature of the Employer
53
APPENDIX G
QUARTERLY REPORT
(As prescribed under the Training Guidelines )
(Part A)
To,
The Joint Director (Training & Placement)
The Institute of Company Secretaries of India
ICSI House, 22, Institutional Area, Lodi Road
New Delhi-110 003
Dear Sir,
Name of the student:
Registration Number:
Category of a Trainer: (Tick)
Other (Specify)
Grading on Each point of Appraisal be awarded by the Trainer with the following:
E or V or G or S or N
E= Excellent (=&>90%), V=Very Good (=>70% to<90%).
G= Good (=>60% to < 70%), S= Satisfactory (=>50% to < 60%),
N= Needs Improvement (< 50%).
Type of work handled (Insert Rows Details of Assignments handled/ assisted Grading
for information)
Company Law
SEBI
Listing Agreement
Service Tax
Central Excise
Project Finance
Other (specify)
Date
Place
PART B
(To be filled by Trainee)
1.
2.
3.
Date:
NOTE: This Report shall be submitted on quarterly basis on or before 30 days from the end of the quarter. Late submission and
non submission of report will be viewed seriously.
************
56
APPENDIX H
The training is terminated by mutual consent with effect from ___________________. I further
certify that during the above mentioned period the trainee was given leave for ___________
days.
The training was registered with the Institute of Company Secretaries of India vide Registration
No. __________________________ dated _______________________.
Place:
Date: Signature: _____________________________________
Name : ________________________________________
ACS/FCS No. ________ CP No./Designation __________
************
57
APPENDIX I
do hereby certify that Mr./ Ms. Student Registration No. ________________________ has
completed the prescribed training as sponsored by the Institute of Company Secretaries of
India, vide their letter No. ___________________________ dated _______________________
under our organisation for a period of ___________ Months/Years from __________ to
________________ and his/her progress was satisfactory.
I, further certify that during the above mentioned period he/she was not given any leave/given
leave for _______ days.
Place:
************
58
APPENDIX J
Students are requested to submit their application for Exemption from training requirements in
the prescribed form ST-10 along with the scanned copy of supporting documents as detailed
below: -
i. Application Form duly filled in and signed seeking Exemption from undergoing Training
(ST-10)
ii. Experience Certificate(s) indicating exact designation, duration of service, salary drawn, job
contents in brief including the work experience, if any, in the areas duly signed by the Chief
Executive of the past/ present employer organization: -
• Finance & Accounts Department (including Costing, Management Accounting, Internal
Audit and Taxation);
• Administration Department (including Personnel General Administration, Industrial, Public
Relations, Marketing and Materials Management); and
• Secretarial including Shares & Legal (co-ordination with Registrar of Companies, Ministry
of Corporate Affairs, Stock Exchanges, Financial Institutions if any).
iii. Certified extract of the Annual Report(s) indicating the paid up share capital/ Reserves or
fixed assets of the past/ present employer organisations;
iv. Organization Chart indicating the position in the organizational hierarchy duly certified by
the authorized signatory (with name and designation) of employer organization;
v. Salary slip for the First and last pay drawn from past/present employers organization(s);
In addition to the above stated documents, the following documents are required to be
submitted along with an application for claiming exemption from 15 days specialised training:-
(i) Training completion certificate for 15 months training confirming the duration and
numbers of leaves availed during training period and
(ii) Details of job profile if any, pertaining to co-ordination with Registrar of Companies,
Ministry of Corporate Affairs, Stock Exchanges, Financial Institutions application for
exemption from undergoing training for 15 days.
************
59
APPENDIX K
30. Prospectus, Allotment and other matters relating to issue of shares and debentures
31. Legal and procedural aspects of Employees Stock Option Scheme (ESOS)
32. Listing of Securities & Bonds etc. and procedural formalities under various laws and
regulations
33. Merchant Banker in Public issues
34. Public Issues Management- problems and procedures
35. Mechanism and Procedure of settlement of transactions in a Stock Exchange
36. Disinvestment- Procedures, Methods & Problems
37. Depositories
38. Capital market
39. Buy-Back of Shares
40. SEBI Takeover Code
41. Investor Protection
42. Public issues via Book Building
43. SEBI Guidelines
************
64
APPENDIX L
FORM ‘A’
APPLICATION FOR ADMISSION AS AN ASSOCIATE MEMBER
[See Reg. 5(1)]
To,
The Secretary to the Council of
The Institute of Company Secretaries of India
‘ICSI House’, 22, Institutional Area, Lodi Road,
New Delhi - 110 003
Sir,
I hereby apply for admission as Associate Member of the Institute of Company Secretaries of
India in accordance with the provisions contained in the Company Secretaries Act, 1980 and the
Regulations made there under and declare that I am not subject to any of the disabilities stated
in the Act or the regulations of the Institute. The required particulars are furnished below:
Name in Full
(In Block Letters) ___________________________________________
Surname Middle Name First Name
Father’s Name
Date of Birth*
__________________________________
Day Month Year
Nationality ____________________________
Citizenship ____________________________
Domicile ____________________________
(Permanent place of
residence)
If not an Indian citizen,
whether Certificate of Indian Yes No
Domicile has been
obtained**
Educational/Professional
Qualifications
Address (In Capital Letters) Designation _________________________________
Professional*** Name of Company/Organisation ________________
___________________________________________
Address ____________________________________
65
___________________________________________
City____________________________
State __________________________
Pin Code ____________________
Telephone No. ____________Fax No __________
E.mail ____________________________________
Cellular No. ____________________
Website : __________________
PAN Number : __________________
UID Number : ___________________
(ii) Residential ____________________________
____________________________
____________________________
____________________________
City_________________________
State ________________________
Pin Code _____________________
Telephone No. ________________
Fax No. ______________________
E-mail _______________________
(iii) Address for all
correspondence
Please tick desired address) Professional Residential
8 (a) Registration Number as Regn. No. ___________________
a student for Company Name of the body _____________
Secretaries Examinations
conducted by the Company Passed in (Month & Year) _______
Law Board/Dissolved Licentiate No. (if enrolled as Licentiate ICSI)
Company/Institute with _______________
month & year of passing the
Final examination
(b) Particulars of such other Name of Foreign Body _____________________
Company Secretaryship Student Registration No. ___________________
qualification acquired from
foreign body recognised by Date of Registration ______________
the Central Government/the Month, year & place from where appeared for the Final
Council as being equivalent Examination of that body
to the Institute’s ______________________________________
examination and training Membership number, date & place of admission
Membership No. ______________
Date ______________ Place ______________
66
11 Details of training undergone with specialized agency under regulation 50(b) of the
Company Secretaries Regulations, 1982
Period of Training
Name of Organisation From To
12 Details of total or partial exemption from training granted under regulation 48, 51, 52
& 53
Details of Exemption
Period Regulation Nature of Training
I solemnly declare that what I have stated above is true and correct to the best of my knowledge
and belief.
Yours faithfully,
Place
Date Signature
____________________________________________________________________________________
* Applicant is requested to send photocopies of certificates of his/her date of birth and degree Examination(s) attested by
any office bearer or member of the Council/Regional Council/Managing Committee of the Chapter of the Institute or any
Officer of the Institute of the rank of Desk officer or above.
** Applicant is requested to send certificate of Indian Domicile in original alongwith Photostat copy thereof, if applicable.
*** In case professional address is not provided, the residential address would be treated as communication address by
default and the same would be displayed on the website.
**** ` 1500/- Entrance Fee
` 1125/- Annual Associate Membership Fee (Rs. 562.50 if admitted during October-March)
************
68
who is applying for being admitted as an Associate member of “The Institute of Company
Secretaries of India” and claims to have acquired necessary practical experience and
undergone the prescribed practical training, is in my opinion, a fit and appropriate person to be
admitted to the membership of the Institute.
Signature _____________________
____________________________________________________________________________________
who is applying for being admitted as an Associate member of “The Institute of Company
Secretaries of India” and claims to have acquired necessary practical experience and
undergone the prescribed practical training, is in my opinion, a fit and appropriate person to be
admitted to the membership of the Institute.
Signature _____________________
************
69
Name……………………………………….
SPECIMEN SIGNATURE……………….
DULY SIGNED
PASSPORT SIZE
PHOTOGRAPH
1. ____________________________ OF THE
APPLICANT
2._____________________________
************
70
APPENDIX M
Frequently Asked Questions (FAQs) on Modified Training Structure
Sr. Question Reply
No.
1 Eligibility for (i) A student registered to the Executive Programme on or after 01.04.2014;
training under and
the modified (ii) If a student registered to the Executive Programme on or before 31st
training March 2014, but if he/ she opts for the modified training structure in lieu of the
structure earlier structure.
4 What are the (i) 15 months training with a PCS or a company/other entity registered for
trainings to be imparting training after passing Executive Programme
undergone by
the student who (ii) Executive Development Programme for Eight days to be undergone after
was registered passing examination of Executive Programme
on or before
31st March,
2014 and does (iii) Professional Development Programme for twenty five hours.
not opt for
Modified (iv) Training with specialized agency for Fifteen days
Training after passing examination of Professional Programme
Structure and is
governed by the
earlier training (v) Management Skills Orientation Programme for 15 days after passing the
Professional Programme and Completion of all other training requirement
structure .
except15 days training with specialized agency.
If the PCS surrenders his certificate of practice and starts his practice after a
gap, he will be entitled to have the same number of trainees as he was
entitled when he surrendered his certificate of practice.
72
8 Procedure for Students have an option to undergo training either under the earlier structure
switching over or the modified training structure. However, for switching over to the modified
from the earlier structure, the student will not get any benefit of the training undergone under
training the earlier training structure. The student has to opt for the new training
structure to the structure in the specified format available on the website of the Institute.
Modified training
structure.
9 Applicability of SIP and Computer Training are not applicable to the students undergoing
SIP/EDP/PDP training either under the earlier training structure or under the modified
and Computer training structure.
Training under EDP/PDP are applicable to the students undergoing training under the earlier
Modified training structure.
Training EDP/PDP are not required to be undergone under the Modified Training
Structure. structure.
10 Is 15 days
Training with
Specialized Not applicable under modified training structure
agencies
compulsory in
Modified
Training
Structure.
11 Fees payable
for Switching
over to Modified There is no fee for switchover to modified training structure
Training
Structure
12 Procedure for For registration of company and other organisation for imparting training the
registration of paid up share capital of the company should not be less than Rs. 50 lacs for
companies and imparting 1 year/2 years /3 years management training.
other For registration of companies and other organisation for imparting 1 year/2
organisations years/3 years management training, following documents are required :
under the (i) A duly signed request letter from company on its letter head having details
Modified of paid up share capital, number of trainees to be accommodated in a year,
Training amount of stipend payable to trainees.
structure
(ii) A certified true copy of latest balance sheet of the company and other
organisation (for registration of Banks and Government bodies for imparting
training, Balance Sheet is not required)
(iii) There is no fee for registration of company for imparting training.
13 Procedure for
registration of
Law Firm,
Consultancy
Firms and
Financial Guidelines and eligibility criteria for registration of Law Firms, Consultancy
Institutions for Firms, and Financial Institutions are available on the website of the Institute.
imparting
training to the
students of the
Institute
14 How much leave Students passed Executive Programme 15 days casual leave + 30 days
the student is (15 months training) leaves for study & examinations
73
Companies (whether public or private; listed or unlisted) having paid up share capital of
Rupees fifty lacs or more (However, for imparting 3 months practical training (under the
earlier training structure) to the Final/ Professional Programme passed students who
have been granted exemption from 12 months, the paid up share capital of the company
should be Rupees twenty five lacs or more);
(ii) MINISTRY OF CORPORATE AFFAIRS AND ITS OFFICES, ROC, RD, OL etc.;
(iii) BANKS
All banks recognised by RBI are considered equivalent to companies for the purpose of
imparting training without the limiting factor of paid up share capital;
(iv) LAW FIRMS/ CONSULTANCY FIRMS/ FINANCIAL INSTITUTIONS
Guidelines and eligibility criteria for registration of Law Firms, Consultancy Firms, and
Financial Institutions for imparting training are available at training link on the website of
the Institute www.icsi.edu;
(v) GOVERNMENT BODIES & DEPARTMENTS, PSU ETC.
Training can be undergone with Government bodies & departments, Public Sector
Undertakings, Statutory bodies etc. which are registered for imparting training;
The students are allowed to undergo training for a period of 15 months under the earlier
Training Structure or 1/2/3 years under the modified training structure with Company Secretary
in whole-time practice or a firm of such Company Secretaries on whole time basis, registered for
imparting training.
2. What is the procedure for registration of companies and other organisations for
imparting 15 Months Management and 03 months Practical Training under the earlier
Training Structure or 1/2/3 years under the modified training structure?
Answer: For registration of company and other organisation for imparting training the Paid up
share capital of the company should not be less than Rs. 50 lacs for imparting 15 months
management training under the earlier Training Structure or 1/2/3 years under the modified
training structure. However for imparting Practical Training of 03 months as applicable in the
earlier training structure, the paid up share capital should not be less then 25 lacs.
Following documents are required for registration of companies and other organisation for
imparting training:
(i) A duly signed request letter from company on its letter head having details of paid up
share capital, number of trainees to be accommodated in a year, amount of stipend
payable to trainees.
75
(ii) A certified true copy of latest balance sheet of the company and other organsiation (for
registration of Banks and Government bodies for imparting training, Balance Sheet is not
required)
(iii) No fee has been prescribed for registration of company for imparting training.
3. What is the procedure for registration of Law Firms, Consultancy Firms and Financial
Institutions for imparting training with the Institute?
(i) For registration of law firm for imparting 15 months training under the earlier
Training Structure or 1/2/3 years under the modified training structure - we require
a duly signed request letter from on letter head of the law firm having details of number
of partners enrolled as an Advocate with their names, trainees to be accommodated in a
year, amount of stipend
Payable to trainees, brief profile of the firm including work areas, infrastructure available
for training etc.
(ii) For registration of Consultancy firm for imparting 15 months training under the
earlier Training Structure or 1/2/3 years under the modified training structure - we
require a duly signed request letter from on letter head of the consultancy firm having
details of number of partners with their names, trainees to be accommodated in a year,
amount of stipend payable to trainees, brief profile of the firm including work areas,
infrastructure available for training etc.
(iii) For registration of Financial Institution for imparting 15 months training under the
earlier Training Structure or 1/2/3 years under the modified training structure - we
require a duly signed request letter from on letter head of financial institution having
details of fixed assets, standing, number of trainees to be accommodated in a year,
amount of stipend payable to trainees, brief profile, infrastructure available for training
etc. along with document of registration or approval of the prescribed authority as may
be required under the applicable laws, authenticate document indicating gross fixed
assets minimum of Rupees Ten lacs only (preferably balance sheet) and having
standing of atleast ten years of the concerned financial institution.
4. What is the procedure for registration of a Company Secretary in Practice for imparting
training with the Institute?
Answer: For getting registered with the Institute for imparting training to the students, a
Company Secretary in Practice has to submit duly filled application form as prescribed by the
Institute. The application form is available on the website of the Institute at www.icsi.edu under
training link. After approval a registration number is allotted to the Company Secretary in
Practice.
Answer: List of companies /organisation (including law firm, consultancy firms etc.) for imparting
training and list of Company Secretaries in Practice registered for imparting training with the
76
Institute is available on the website of the Institute. www.icsi.edu > ‘Training’ link. List can be
available by opting any one search option provided.
Following procedure should be to be followed for searching Training with the company
/organisation (including law firm, consultancy firms etc.) and with Company Secretary in
Practice: -
(i) Students may directly contact the company /organisation (including law firm, consultancy
firms etc.) and Company Secretary in Practice registered with the Institute for getting
training and apply with their resumes.
(ii) List of companies /organisation (including law firm, consultancy firms etc.) and list of
Company Secretaries in Practice registered for imparting training with the Institute is
available on the website of the Institute. www.icsi.edu > ‘Training’ link. List can be
available by opting any one search option provided.
(iii) Students can also contact their nearest Regional/Chapter office of the Institute for
getting information of vacancies for training and seeking assistance for the same.
(iv) Students may also request for registration of the companies /organisation (including law
firms, consultancy firms etc.) and Company Secretaries in Practice, in case the same is
not registered with the Institute for imparting training. Procedure for registration as
already given has to be followed for the same.
(v) Students may also apply to the institute for seeking assistance in searching training by
submitting their resumes.
(vi) Institute would forward the details/resumes of the students to the companies, PCS and
other organisations as per vacancies and their requirements for further short listing and
interview at their end.
Answer: Procedure to be followed for registration of Training with the company /organisation
(including law firm, consultancy firms etc.) is given below:
(i) After selection the company/organisation (including law firm, consultancy firms etc.)
would forward appointment letter indicating the date of commencement along with
prescribed Training Form (available at training page on website www.icsi.edu) to the
Institute for registration of training.
(ii) The Institute would forward the final sponsorship letter to the company/organisation
(including law firm, consultancy firms etc.) with a copy of the same to the concerned
student also.
8. Is there any limit with regard to number of trainees which a company/organisation can
impart training?
77
Answer: There is no limit for maximum number of trainees by Companies and other
organisations.
9. Can a student take transfer of training in between the training period from one
company/organisation (including law firm, consultancy firms etc.) to another
company/organisation or a Company Secretary in Practice?
Answer: Yes, a student can take transfer of training in between the training Period subject to
submission of NOC from the previous trainer.
10. What is the procedure for transfer of training in between the training period to any
company /organisation (including law firm, consultancy firms etc.) or Company Secretary
in Practice registered for imparting training with the Institute?
Answer: In case of transfer of Training, during the training period to some other
company/organisation (including law firm, consultancy firms etc.) or Company Secretary in
Practice registered for imparting training with the Institute, the student has to submit with the
Institute a Certificate of Discontinuation of Training in the Prescribed Format along with the No
Objection Certificate from the previous trainer and has to follow the same procedure for
undergoing remaining period of training as applicable in case of first trainer with the regards to
sponsorship letter, appointment letter, contract etc.
Answer: No, the aforesaid training can be undergone only with those Company Secretaries in
Practice who are registered with the Institute for imparting training.
12. Is there any limit with regard to number of trainees which a Company Secretary in
Practice can impart training to?
Answer : Yes, there is a limit with regard to number of trainees. A Company Secretary in
Practice having up to two years of continuous practice can impart training to one trainee and
further number of trainees equal to the number of years of continuous practice is permissible
subject to a maximum limit of twenty trainees. However, in case a Company Secretary in
Practice who has surrendered his Certificate of Practice, then he will be given credit to the
number of trainees permissible at the time of surrender of Certificate of Practice.
13. What is the procedure for registration of 15 months training under the earlier Training
Structure or 1/2/3 years under the modified training structure with Company Secretary in
Practice?
Answer: Procedure to be followed for registration of Training with the Company Secretary in
Practice registered with the Institute for imparting training is given below:
(i) Ensure whether the Company Secretary in Practice is registered with the Institute for
imparting training. (List of Company Secretary in Practice is registered with the Institute
for imparting training is available on training page on website www.icsi.edu);
78
(ii) Ensure whether the Company Secretary in Practice is eligible to take trainee with regard
to the entitlement of maximum number of trainees of the concerned Company Secretary
in Practice registered for imparting training with the Institute.
(iii) Candidate may apply for the issuance of sponsorship letter i.e. bio-data letter before
commencement of training in the prescribed training form which is available on the
website of the Institute at training link;
(iv) After selection a contract for training in the prescribed format has to be executed
between the Company Secretary in Practice and the student concerned on non-judicial
stamp paper or through e-stamping /franking of requisite value as applicable in their
respective state, in duplicate. Both have to keep one copy of the contract;
(v) Within 15 days of execution of contract for apprenticeship, the Company Secretary in
Practice/ student has to submit a copy of contract, the particulars as prescribed in Part A
& B with regard to employer and trainee.
(vi) Thereafter the Institute after taking the training on record will issue registration letter for
15 months training under the earlier Training Structure or 1/2/3 years under the modified
training structure to the Company Secretary in Practice with a copy to the student.
14. What would be the date of commencement of 15 months training under the earlier
Training Structure or 1/2/3 years under the modified training structure with Company
Secretaries in Practice?
Answer: 15 months training under the earlier Training Structure or 1/2/3 years under the
modified training structure with Company Secretaries in Practice would be treated as valid only
from the actual date of execution of contract for training.
15. What are the working hours for candidates undergoing training with Company
Secretary in Practice?
Answer: The candidates undergoing apprenticeship training shall be required to work during
normal hours for a period of 15 months under the earlier Training Structure or 1/2/3 years under
the modified training structure which shall not be less than 6 hours a day for 5 days in a week
during the total period of Training.
16. Can a student take transfer of training in between the training period from one
Company Secretary in Practice to another Company Secretary in Practice or a
company/organisations (including law firms, consultancy firms etc.) registered with the
Institute for imparting training OR vice versa?
Answer: Yes, a student can take transfer of training in between the training period from previous
trainer Company Secretary in Practice.
17. How many Transfers can be taken during 15 months training under the earlier
Training Structure or 1/2/3 years under the modified training structure?
Answer: It is not prescribed in Training Guidelines; however students are advised not to take
frequent transfers during training period.
18. What is the procedure for transfer of training from one Company Secretary in Practice
in between the 15 months training under the earlier Training Structure or 1/2/3 years
under the modified training structure to any other Company Secretary in Practice or
79
Company /organisations (including law firms, consultancy firms etc.) registered for
imparting training with the Institute?
Answer: In case of transfer of training from one Company Secretary in Practice during the
training period to some other Company Secretary in Practice or Company/organizations
(including law firms, consultancy firms etc.) registered for imparting training with the Institute,
the student has to submit with the Institute, a Certificate of Discontinuance of training in
prescribed format from the previous trainer Company Secretary in Practice and has to follow the
same procedure for undergoing remaining period of training as applicable in case of first trainer
employer with regard to sponsorship letter, contract for training etc.
Answer: Exemption can only be claimed on the basis of working experience after passing
the Final/Professional Programme Examination under the earlier Training structure on the basis
of work experience as given below:
(i) Three years working experience as an executive or four years as an assistant in a
company having a paid up share capital of Rs.25 lacs or more to assess the eligibility for
exemption from undergoing 12 months Management Training and partial exemption from
undergoing Practical Training on case to case basis.
(ii) two years working experience as an executive or three years as an assistant with a
Company Secretary in Practice to assess the eligibility for exemption from undergoing
12 months Management Training and partial exemption from undergoing Practical
Training on case to case bases.
(iii) In order to avail total exemption under Regulation 48 & 51 a candidate should posses
one year experience as an Assistant/Deputy Company Secretary or any other post
higher thereto in the Secretarial Department in a company or body corporate having a
paid up share capital and reserves of not less than Rs.25 lacs or any organization
having gross fixed assets of not less than Rs.50 lacs including any Public Sector
Undertaking, Autonomous body, Financial Institution or Bank, which in the opinion of the
Council, provides scope for acquiring sufficient professional experience. Please note that
15 days Management Skills Orientation Program (previously SMTP) is compulsory.
Exemption can only be claimed on the basis of working experience after passing the
Final/Professional Programme Examination under the Modified Training Structure on the
basis of work experience as given below:-
(i) One year experience as an Assistant Company Secretary or Deputy Company Secretary
or any other post equivalent or higher thereto in the Secretarial Department; or (b) two
years experience as a secretarial officer or executive or any other post equivalent or
higher thereto; or (c) three years experience as an Assistant or any other post equivalent
or higher thereto; in Secretarial Department in any company or body corporate having a
paid up share capital of not less than Fifty lakhs rupees or turnover of not less than Ten
crore rupees or in any public sector undertaking, autonomous or statutory body, financial
institution or bank which in the opinion of the Council provides scope for acquiring
sufficient professional experience; or
80
(ii) (a)Two years’ experience as Secretarial Officer or Executive or any post equivalent; or
(b) Three years’ experience as an Assistant or any other post equivalent or higher
thereto under a Company Secretary in whole time practice or in a firm of Company
Secretaries, which in the opinion of the Council provides the scope for acquiring
sufficient professional experience; or
(iii) (a) Two years’ experience of continuous practice on a whole time basis as a Chartered
Accountant or a Cost Accountant having carried out statutory or cost or internal audit or
providing management consultancy services; or (b) Two years experience of continuous
practice as an Advocate in a high court having rendered services as Counsel or Advisor
to a Company having paid up shared capital and reserves of not less than 5fifty lakhs
rupees or any organization having gross fixed assets of not less than one crore rupees,
or in a public sector undertaking, autonomous or statutory body, financial institute or
bank which in the opinion of the Council provides scope for acquiring sufficient
professional experience; or
(iv) Has acquired practical experience equivalent to those specified under sub regulation (1)
of this regulation in such professional institutions or abroad as may be recognized by the
Council in this behalf on reciprocal basis.
(v) Any person not falling in above mentioned criteria but claims to have acquired practical
experience and undergone practical training, equivalent to those specified under these
regulation.
20. What are the documents required to be submitted in order to claim exemption from
undergoing training 15 months training under the earlier Training Structure or 1/2/3 years
under the modified training structure?
Answer: Following are the documents required to be submitted in order to claim exemption from
undergoing training: -
(a) Application Form for Management /Apprenticeship/ Practical Training/ Exemption from
undergoing Training. (ST-10)
(b) Experience Certificate (s) indicating exact designation, duration of service, salary drawn,
job contents in brief duly signed by the appropriate authorized signatory of the employer
organization.
(c) Certified copy of Balance Sheet(s) in respect of the organization(s)
(d) Organization Chart indicating the position in the organizational hierarchy duly certified by
the authorized signatory of employer organization.
(e) Salary slip for the beginning and last pay drawn from the organization(s)
(f) Appointment letter from past/present employer.
Answer: Students who got exemption on the basis of working experience from
undergoing 12 months or more training under various provisions of the Company Secretaries
Regulations, 1982 (as amended from time to time) are required to undergo balance training of
03 months or less period in Administration/Secretarial/Finance & Accounts department for one
81
month each is termed as Practical Training. While the students who neither claim nor been
granted exemption from undergoing training are required to undergo 15 months Management
Training.
22. Whether the 03 months Practical training can be undergone with any
Company/Organization.
Answer: 03 months Practical training can be undergone only with those Company/ Organization
which are registered with the Institute for imparting 03 months Practical training to the students.
23. What is the procedure for undergoing 03 months Practical training with a Company or
other organisation?
24. Whether the Practical training can be undergone with any Company Secretary in
Practice.
Answer: 03 months Practical training can be undergone with a Company Secretary in Practice
who is registered with the Institute for imparting training to the students.
25. What is the procedure for undergoing 03 months Practical training with a Company
Secretary in Practice?
Answer: Procedure for undergoing 03 months Practical Training with a Company Secretary in
Practice is same as in the case of 15 month training with a variation with regard to the period of
training.
Answer: Yes, the 15 days training with any one specialized agency is compulsory.
27. Which are the agencies where 15 days specialised training under regulation 50(b) can
be undergone?
Answer: 15 (working) days specialised training can be undergone with ROC, Stock Exchange,
Financial or Banking Institutions, Management Consultancy Firms, Office of Official Liquidator,
Ministry of Corporate Affairs, Commodity Stock Exchange, Company Law Board, broking firm or
82
companies, Law firms, Universities (recognized by UGC), Merchant Bankers, Mutual Funds,
Insurance Companies, SMEs, Industry Associations/ Chambers of Commerce, all Ministries,
SEBI, IRDA, TRAI, CCI, Courts, Tribunals and other quasi-judicial bodies.
All these agencies have to be first registered with the Institute for imparting 15 days specialised
training.
For registration, a duly signed request letter on letter head of the specialised agency along with
supporting documents (such as balance sheet, certificate of registration from the competent
authority, profile etc.) wherever applicable is required.
28. At what stage a student can undergo 15 days training with the specialized agency?
Answer: A Final /Professional Programme passed student after completing 15 months training
(or exempted therefrom) can undergo 15 days training with any one of the prescribed
specialized agency.
29. What is the procedure for undergoing 15 days training with any of the specialized
agencies?
Answer:
(a) For students registered for Executive Programme course before 1st September,2009,
following training programme are applicable :
i. 5 days Training Orientation Programme (TOP)
ii. 25 hours Academic Development Programme (ADP)
iii. 15 days Secretarial Modular Training Programme (SMTP)
(b) For students registered for Executive Programme course on or after 01st September,
2009, the following Training Programmes:
(i) 7 days Student Induction Programme (SIP)
(ii) 8 days Executive Development Programme (EDP)
83
31. Whether there is any facility to attend the SIP and EDP online.
Answer: Yes, Online SIP & EDP is called e-SIP & e-EDP. It is conducted by Gurukul Online
Solutions, Mumbai. A weblink is available at institute’s website www.icsi.edu where students
can get detailed information about the same.
Answer: MSOP are conducted at all the Four Regional offices and Chapters upto A Grade.
Answer: Yes. Residential MSOP is conducted by CCGRT, Mumbai (Belapur) on regular basis.
35. Is there any provision for getting exemption from undergoing MSOPs?
Answer: Presently, there is no provision for claiming exemption from undergoing MSOPs.
Answer: During training period, a trainee has to submit the following documents/ comply with
the following requirements:-
i. To submit Quarterly Report in prescribed format on completion of every quarter.
ii. To prepare a Project Report on any one of the prescribed Topics in last quarter and
submit it along with Training Completion Certificate on completion of training.
************
84
EASTERN REGION
SH. N. K. BHOLA
NIZAM PALACE
II MSO BUILDING
3RD FLOOR, 234/4 A.J.C.BOSE ROAD
KOLKATA-700020
PHONE: 033-22870383
FAX: 033-22870958
rd.east@mca.gov.in
SOUTHERN REGION
Sh. B. K. BANSAL
5TH FLOOR
SHASTRI BHAWAN
26 HADDOWS ROAD
CHENNAI- 600006
PHONE: 044-28271737
FAX: 044-28280436
rd.south@mca.gov.in
NORTHERN REGION
Sh. A. K. Chaturvedi
A-14, SECTOR-I,
PDIL BHAVAN
NOIDA (UP)
PHONE: 0120-2445342
FAX: 0120-2445341
rd.north@mca.gov.in
85
WESTERN REGION
Sh. S.K.AGARWAL
ROC BHAVAN,
OPPRUPALPARK SOCIETY,
BEHIND ANKUR BUS STOP
NARANPURA
AHMEDABAD-380013
PHONE: 079-27437597
FAX: 079-27438371
Rd.northwest@mca.gov.in
Sh. B. N. Harish
2ND FLOOR, CPWD BLDG.
KENDRIYA SADAN, SULTAN BAZAR, KOTI,
HYDERABAD - 500195
Sh. N. K. Bhola
MORELLO BUILDING,
GROUND FLOOR
SHILLONG - 793001
PHONE: 0364-2222519
86
CHATTISGARH
Sh. R.K. Tiwari (ROC cum OL for Bilaspur)
Ist Floor,
Ashok Pingley Bhawan,
Municipal Corporation,
Nehru Chowk, Bilaspur- 495001
Chattisgarh
Phone: (07752)-250092(D),250094
Fax: (07752)- 250093
roc.bilaspur@mca.gov.in
87
GUJARAT
KARNATAKA
KERALA
MADHYA PRADESH
MAHARASHTRA
A) Mumbai
Dr. T. Pandian (ROC Mumbai)
100, Everest,
Marine Drive
Mumbai- 400002.
Phone: 022-22812627/22020295/22846954
Fax: 022-22811977
roc.mumbai@mca.gov.in
89
B) Pune
Sh. Vijay Kumar Khubchandani (ROC Pune)
Registrar Of Companies
PMT Building ,
Pune Stock Exchange,
3rd Floor, Deccan Gymkhana,
Pune-411004
Phone: 020-25521376
Fax: 020-25530042
roc.pune@mca.gov.in
ORISSA
Sh. B. Mishra (ROC Cuttack)
Corporate Bhawan, 3rd Floor,
Plot No. 9 (P), Sector : 1,
CDA, Cuttack : 753014
Phone: 0671-2365361, 2366958, 266952,
Fax: 0671-2305361
roc.cuttack@mca.gov.in
PUDUCHERRY
No. 35 First Floor
Elango Nagar
Puducherry - 605011
Phone: 0413-2240129
roc.pondicherry@mca.gov.in
RAJASTHAN
Sh. R. K. Meena (ROC Jaipur)
Corporate Bhawan
G/6-7, Second Floor, Residency Area
Civil Lines, Jaipur-302001
Phone: 0141-2222465, 2222466
Fax: 0141-2222464
roc.jaipur@mca.gov.in
90
TAMIL NADU
(B) Coimbatore
Registrar Of Companies
Stock Exchange Building, II-Floor,
683, Trichy Road, Singanallur,
Coimbatore - 641 005
Tamilnadu
Phone: (0422) - 2318170 (D), 2318089, 2319640
Fax: (0422) - 2318089
roc.coimbatore@mca.gov.in
WEST BENGAL
**************
91
NOTES
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
92
NOTES
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________