Corporate Updates – 25-10-2016


The Half Yearly Corporate Membership Scheme of NIRC of ICSI is open for the Financial Year 2016-17 (October’16 to March’17). Anyone becoming a member under the Scheme shall be entitled to all benefits of Corporate Membership. The subscription to the Half Yearly Corporate Membership Scheme is open for all verticals i.e Corporate Membership (Delhi), Corporate Membership (Delhi & Chapters) & YUVA Corporate Membership for Workshops at NIRC. Online Registration and payment facility available.


SEBI issued disclosure norms for listed insurance companies in respect to their quarterly results. The decision was taken in consultation with Insurance Regulatory and Development Authority of India (IRDAI). In effect, the insurance companies (life and non-life) will have to submit disclosures pertaining to financial results, segment-wise revenue, results and capital employed for quarters ending September 30, 2016 and December 31, 2016 in the format as specified by IRDAI. With respect to the format for newspaper publishing purpose (standalone/consolidated), the insurance companies would follow the format specified by SEBI. Besides, additional disclosures should be made as prescribed by IRDAI.

Labour Law – State of Haryana

Haryana Government has revised minimum wages for different categories of workers, in exercise of the powers conferred by Sub-Section (2) of Section 5 of the Minimum Wages Act, 1948. The minimum wages for workers of all categories i.e. Unskilled, Semi-Skilled, Skilled, Highly-Skilled, Clerical and General Staff has been increased. The minimum wages have been increased owing to rise in inflation. The revised minimum wages shall be applicable with retrospective effect from 01.07.2016

News from NIRC of ICSI

Registration open for Regional PCS Conference of NIRC of ICSI on the theme "PCS – EMPOWER, EMERGE & EXCEL” to be held on November 05-06, 2016 from 10.00 AM Onwards (Saturday& Sunday) at Hotel Amar, Taj Ganj, Agra (UP). Fees : Rs. 2,250/- per delegate; Rs. 1,500/- for Corporate Members of NIRC and Free for Corporate Members of NIRC (Delhi & Chapters); Program Credit Hour: 8. Limited accommodation available; For Online Registration, Click here.

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