Corporate Updates – 06-08-2014


Ministry of Human Resource Development, Department of Higher Education (Corporate Office) via a Notice dated 22/07/2014 has decided to close the Copyright Counter for receiving manual application from applicants w.e.f 01-08-2014 to promote the online facility for filing of Copyright Applications launched on 17/02/2014. All the Applicants/ attorneys are requested to submit the copyright application online on or to send the applications by Speed Post / Registered Post.


Ministry of Corporate Affairs in written reply to a question in the Rajya Sabha stated that Ministry has initiated to repeal the Companies (Donations to National Funds) Act, 1951 as the relevant provisions of the said Act have already been incorporated in the Companies Act, 2013. Section 181 and 183 of the Act allows companies to contribute to bonafide and charitable FUNDS and to national funds etc. This is subject to further elaborations and restrictions in the said sections. Following permission to establish Electoral Trust companies under the Income Tax Act, a company can also make contributions within the above limits and restrictions to ‘Electoral Trust Companies’ and reflect these contributions in their books of accounts.

Annual Membership Fees of ICSI

The Annual Membership and Certificate of Practice fee for the year 2014-15 becomes due for payment w.e.f. 1st April, 2014 and last date for payment of the same is 31st August, 2014. Members are requested to pay the fee before the last date. The Certificate of Practice fee must be accompanied by an application for renewal of Certificate of Practice in the revised Form-D duly completed in all respects and signed for renewal of Certificate of practice for the year 2014-15. The annual membership fee for ACS : Rs. 1,125/-, for FCS : Rs. 1,500/- and certificate of practice fee is Rs. 1,000/-. Fees can be paid by cash / cheque / DD in favour of “The Institute of Company Secretaries of India” or Fees can be paid online after login.