CS FOUNDATION, EXECUTIVE & PROFESSIONAL DEC 2014 EXAM TIME TABLE

The Institute of Companies Secretaries of India ( ICSI ) has announced the exam time table for December 2014 examination of the foundation level. The exam date sheet has come 6 months in advance from the commencement of the examination. This is 3 months before from the regular exam date publishing schedule. The exam date sheet in detail can be viewed on the ICSI's website, icsi.edu or by clicking on the link      https://www.icsi.edu/docs/Webmodules/tt_CBE_Dec2014.pdf

The Institute of Companies Secretaries of India ( ICSI ) has also announced the exam time table for executive and professional level December 2014 examination. The exam date sheet has come 6 months in advance from the commencement of the examination. This is 3 months before from the regular exam date publishing schedule and “  exactly 2 months before the declaration of june 2014 examination results  ”. The exam date sheet in detail can be viewed on the ICSI's website, icsi.edu .  the exams for executive and professional level commence from 22^nd of December 2014. The current time table also gives the pleasure of two holidays in between which are to be looked as precious opportunities to enhance skill and prepare better.

Start your preparation, plan your work, work on the plan and the plan will work.

       

   All the best !

UNION FINANCE MINISTER WANTED TO BE A CA.

 Finance Minister Arun Jaitley wanted to become a chartered accountant in his younger days, but ended up choosing the legal profession as "CA exam was too difficult to pass".

Going down the memory lane while addressing a function of the Institute of Chartered Accountants of India (ICAI) here, he said: "I started out with a hidden desire of becoming a CA. I strayed into other activities and then preferred Law because at that time also the CA exam was difficult."

"That (CA) exam was difficult to pass... Law was a difficult exam to fail," he quipped Jaitley said he chose a more comfortable option, but "not that I regret it myself". 

"I have enjoyed every moment in that profession itself."

Jaitely, who had been a successful lawyer, stopped practising in 2009. He also holds the portfolios of Defence and Corporate Affairs. 

JOB OPPORTUNITY FOR CMAs AT ITC LTD.

5- 7 years of Experienced CMA required in ITC

Dear Experienced CMA,

ITC Ltd. is looking for talented Cost Accountants, with experience in a manufacturing

environment and preferably with a good working knowledge of SAP.

The candidate profile includes:

 5 to 7 years of post- qualification experience in an operational role in a manufacturing

unit of a reputed organization preferably with good working knowledge of SAP.

 Not older than 32 years.

 Qualified Cost Accountants with excellent academic record.

 Should have a strong conceptual base in Finance and Accounting.

Location- Anywhere across India

For details on Job Role, Compensation and Where to Apply, please click here.

Important to Note: Only CMAs meeting the criteria strictly like Age, experience

etc. need to apply.

For any clarification on the above vacancy, please write us at placement@icmai.in.

NEW OMR BASED CS EXECUTIVE LEVEL EXAM

ATTENTION STUDENTS

OMR BASED EXAMINATION IN THREE SUBJECTS

OF THE CS EXECUTIVE PROGRAMME (NEW SYLLABUS)

1. The Institute has decided to introduce OMR based Examination in the following three subjects

of the CS Executive Programme (New Syllabus) wherein students are required to attain working

knowledge, with effect from December, 2014 Examinations:

(i) Cost and Management Accounting ( Module-I)

(ii) Tax Laws and Practice (Module-I)

(iii) Industrial, Labour and General Laws (Module-II)

2. In the above three subjects, candidates’ knowledge, competency and proficiency would be

examined through objective type Multiple Choice Questions (MCQs) under OMR system.

However, in the remaining four subjects of the Executive Programme (New Syllabus) namely,

(i) Company Law, (ii) Economic and Commercial Laws, (iii) Company Accounts and Auditing

Practices, and (iv) Capital Markets and Securities Laws, candidates would continue to be

examined through descriptive examination.

3. In OMR based examination, each paper shall be of three hours duration having 100 Multiple

Choice Questions (MCQs) of one mark each. The questions shall be of average, above average

and difficult level covering entire syllabus. In case any paper is divided into different Parts, i.e.,

Part - A, Part - B, etc., requisite number of questions shall be asked from the respective Part

corresponding to the weightage of marks as prescribed in the syllabus.

4. There will be no negative marking for wrong answers. Each question shall contain four answer

options and the candidate shall be required to select one option as his/her correct answer and

mark in the OMR answer sheet by darkening the respective circle with blue/black ball point

pen.

5. Question paper booklet for (i) Cost and Management Accounting (Module-I) and (ii) Tax Laws

and Practice (Module -I) papers shall be provided in English language only. However,

candidates who opt for writing the examination in Hindi medium shall be provided question

paper booklet of Industrial, Labour and General Laws (Module-II) paper in English along with

its Hindi version. However, the OMR Answer sheets for all the three subjects would be

provided in English language only.

6. Time Table and Programme for CS December, 2014 examinations has been uploaded on the

Institute’s website. The examination for the above three subjects shall be held consecutively on

22nd, 23rd

 and 24th

 December, 2014 irrespective of their Modules of examination.

7. Sample question papers for OMR examination in the above three subjects have been hosted on

the website of the Institute for the reference of the students. Detailed instructions for appearing

in OMR examination shall be uploaded on the website of the Institute shortly.

NEW COMPANIES ACT : THE COMPANIES ACT 2013

Companies Act, 2013 is an Act of the Parliament of India which regulates incorporation of a company, responsibilities of a company, directors, and dissolution of a company. The 2013 Act is divided into 29 chapters containing 470 clauses as against 658 Sections in the Companies Act, 1956 and has 7 schedules. The Act has replaced The Companies Act, 1956 (in a partial manner) after receiving the assent of the President of India on 29 August 2013. The Act came into force on 12 September 2013 with few changes like earlier private companies maximum number of member was 50 and now it will be 200.a new term of one Person Company is included in this act that will be a private company and with only 98 provisions of the Act notified. 

A report has been prepared by leading audit firm, price waterhouse coopers which can be read and saved using following the link –

https://www.pwc.in/en_IN/in/assets/pdfs/publications/2013/companies-act-2013-Key-highlights-and-analysis.pdf

FURTHER UPDATES WOULD BE PUBLISHED AS AND WHEN DECLARED BY THE AUTHORITY TO KEEP THE READERS UPTO DATE ABOUT THE CHANGES.

Just for Laughs !!

A Company Secretary to his wife, on returning from office.....

Husband : Hi Dear, mark my attendance.

Wife : You are too late.

Husband : No problem, I am ready to pay the additional fee. 

Wife : Be serious, we had a plan to go for movie.

Husband : i know this matter can be taken at any other meeting. 

Wife : I really have done a wrong by marrying you.

Husband : Yes, also you should know that it is an un-compoundable offence.

Wife : Lets finalize whether we should live together or be separated.

Husband : Dont be silly; proxies are not allowed to speak. 

Wife : Please, Leave me alone

Husband : No, I cant let the meeting conducted without quorum. 

Wife : I will just be mad.

Husband : Contract with or by any Lunastic person is void ab initio. 

Wife : I just want to go my father's house, take these keys of your house.

Husband : Presently, I dont have any buyback offer. 

Wife : i just want to be separated from you.

Husband : You have to apply to the Court for demerger. 

Wife : i think we both are unable to settle our disputes.

Husband : No problem, lets apply the court for voluntary winding up !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ICAI's Scholarship

The Board of Trustees of The Chartered Accountants Students Benevolent Fund have decided to grant financial assistance to 300 students (who are currently undergoing articled training in accordance with The Chartered Accountants Regulations, 1988 and are poor, needy but meritorious) requiring financial assistance to pursue the Chartered Accountancy course @ Rs. 1000/- p.m. for one year with effect from 1st April, 2013 to 31st March, 2014 to be paid in lump sum, subject to filing of application for the same.

The eligibility criteria for obtaining financial assistance from CASBF are as under: 

i) Passed 10 + 2 examination with a minimum of 70 percent marks and also have Passed Common Proficiency Test of ICAI in the first attempt

Or

Passed B.Com Examination of a recognized University with a minimum of 60% marks.

ii) Currently undergoing articled training as per CA Regulations.

iii) Annual income of parents from all sources must be less than Rs. 1.50 lakh.

Students who are needy, poor but meritorious and are fulfilling the above criteria may apply for financial assistance from the Chartered Accountants Students Benevolent Fund. Students may send their request in the prescribed form, duly filled in to the Member Secretary, Chartered Accountants Students Benevolent Fund at the following address so as to reach on or before 30th November, 2013. The form can be downloaded from website of the Institute www.icai.org.

The Board of Trustees will consider each of such cases on merit basis and decide at their discretion the amount to be granted from Chartered Accountants Students Benevolent Fund 

To fill the form visit http://www.icai.org/new_post.html?post_id=9955&c_id=240.

Note: The image shown above is a property of ICAI. The author has used the image only for representational purpose.