Corporate Updates – 02-01-2017

Study Session on the topic “Success Through Goal Planning”

Today, 2nd January, 2017, NIRC of ICSI is organizing a Study Session on the topic “Success Through Goal Planning”by CS Rahul Jain, Director, Bizwiz Learning, from 5.30 PM onwards at NIRC Auditorium, 4, Prasad Nagar Institutional Area, New Delhi-110005. Participation is FREE: PCH – 2.

PCS INDUCTION PROGRAM

Registration open for Practicing Company Secretaries who have obtained Certificate of Practice in last 2 years and Company Secretaries who intend to obtain the Certificate of Practice for TWO DAYS PCS INDUCTION PROGRAM (PIP) being organised by NIRC of ICSI on 3rd & 4th January, 2017 (Tuesday & Wednesday) at 9.30 AM onwards at ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi to support & build the capacities of young entrants into practice. Certification of Participation will be awarded to all participants. Fee: Rs. 500/- per delegate inclusive of Service Tax: PCH : 08. Online Registration facility available.

MCA

MCA has notified the Companies (Incorporation) Fifth Amendment Rules, 2016 which shall come into force on 1st January, 2017. Through these Rules, Form INC-2 is deprecated and Form INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs and Companies (with up to seven subscribers), only SPICe (INC-32) should be used henceforth. The filing fee for SPICe has also been reduced from Rs.2000 to Rs.500 and number of resubmissions from three to two. Further, Form lNC-22 shall not be required to be filed in case the proposed company maintains its registered office at the given correspondence address.

SEBI

The SEBI has issued a Circular under Regulation 23 of the SEBI (Real Estate Investment Trusts) Regulations, 2014 (‘the REIT Regulations’) prescribe disclosures to be made by a REIT to the Stock Exchange(s) where its units are listed. The said disclosures, inter-alia, include disclosures for financial as well as non-financial information. With reference to the aforesaid Regulations, the requirements for disclosure of financial information and pertinent compliances on continuous basis and the requirements for disclosure of non-financial information and pertinent compliances on continuous basis are prescribed in separate Annexures.

News from NIRC of ICSI

MasterClasseson Insolvency & Bankruptcy Code, 2016

Registration open for "Master Classes – Insolvency & Bankruptcy Code, 2016 to be held from 9th January, 2017 to 13th January, 2017 daily from 5:30 PM onwards at NIRC Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 750/- for all participants including Corporate Members of NIRC; Online Payment / Registration Facility Available; Program Credit Hours: 02 per day.

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