Corporate Updates – 15-06-2016


Ministry Of Corporate Affairs has notified Limited Liability Partnership (Second Amendment) Rules 2016. The amended rules shall come into force on the date of their publication in the official Gazette. In the said amendment, Form 2, Form 3, Form 4 and Form 11 have been amended. Among the many amendments, in Form 2 and Form 4, the words ‘Name of Nominee’ has been substituted in place of the words ‘Name of Partner’ under the heading ‘Name and particulars of the person signing on behalf of the body corporate as nominee’ and ‘Addendum to Form 2’. Also, in Form 3 and Form 11, details to be provided under the heading ‘Particulars of penalties imposed’ stand amended.


On June 14, 2016 the Finance Ministry has released the ‘Model GST Law. It outlines the structure of the GST regime. Further, the draft of ‘Integrated GST Bill, 2016’ is also released along with such Model GST laws. It also provides the framework for levy and collection of CGST and SGST. "CGST" is the tax levied under the Central Goods and Services Tax Bill, 2016. "IGST" is the tax levied under the Integrated Goods and Services Tax Bill, 2016. Draft GST law has been uploaded on Finance Ministry’s site. PCS is entitled to appear before GST authorities and tribunal.

PCS DAY Celebrations at NIRC of ICSI

1. To celebrate the PCS Day and to mark the same in a big way, PCS Committee of NIRC of ICSI has decided to start fortnightly "PCS HELPLINE" to provide guidance/counseling in respect of problems and difficulties being faced by our members. To start with, NIRC of ICSI is organizing "PCS HELPLINE programme on 15th June, 2016, to resolve the queries over telephone regarding Technical / Procedural / Interpretation issues relating to Allotment of Securities under the Companies Act, 2013 read with applicable Rules. CS Ravi Sharma Practising Company Secretary M/s. RSM & Associates Company Secretaries, New Delhi will be available to answer the queries telephonically, today 15th June, 2016 from 4.00 PM to 5.30 PM at 011-4934 3001.

2. ICSI-NIRC is celebrating PCS Day by organizing Session on Journey of PCS and a Road Ahead. NIRC is also felicitating senior PCS having COP for more than 30 years at 5:30 pm onwards at NIRC auditorium. No Fees. PCH : 2. In addition, there will be cake cutting to mark the ceremony and a very informative CD with Guidance Notes, Laws etc and book on Recognition for PCS will be provided to all participants free of cost. You all are cordially invited to be the part of the celebrations. HAPPY PCS DAY

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