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REGISTERED No. D.(D.N.)72

The Gazette of India

EXTRAORDINARY

PART III-Section 4

No. 12] NEW DELHI. THURSDAY, SEPTEMBER 29, 1983/ASVINA 7, 1905

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34 THE GAZETTE OF INDIA : EXTRAORDINARY [PART rH— SEC. 4]

THIRD ANNUAL REPORT OF THE

INSTITUTE OF COMPANY SECRETARIES OF INDIA

rNSTITUTE OF COMPANY SECRETARIES UF INDIA FOR THE YEAR ENDED 31ST MARCH 1983

Introduction

No. 104| 111Accts.—1. In pursuance of the requirement of section 18(5) of the Company Secretaries Act, 1980, the Council of the Institute of Company Secretaries of India is pleased to pub- lish hereunder the third Annual Report, the audited statements of accounts and the Auditors' report thereon for the year ended 31st March, 1983.

2. Being the annual report published by a Council elected for the first time under the detail- ed regulations framed after the conversion of the Institute as a statutory body, it is proposed to give at the outset in five stages the historical back- ground indicating the need felt of the profession, the objectives with which the Institute was origi- nally set up, the achievements and impact made so for and th activities organised during the finan- cial year to pursue those objectives and generally the goals of the Institute. Thereafter the activities undertaken during the year under report are given.

Histoical Background

3. The first stage—The need of Profession.— The need to place professionally trained person- nel at the disposal of company managements was felt and stressed both in Parliament and outside, when the Companies Bill, 1953 was piloted in Parliament. The then Finance Minister gave a general assurance in Parliament that the then Department of Company Law Administration would help in the building up of a profession of company secretaries in India as company law be- came complicated over the years and was found to require the services of specialists to comply with its myriad requirements. With the rising tempo of industrial growth and consequent growth of coni- lexity in modern business, it became clear that a specialist had to emerge to easure compliance of various economic legislations affecting the work- ing corporate sector and coordinate the conflict- ing interests in company management.

3.1 Visualising secretaryship is an essential and indispensible appendage at joint stock companies in trade, commerce and industry, of commercial and state undertakings, and of public bodies, the Government decided the establishment of a profes- sional body on a firm footing which could impart training in secretarial matters in relation to cor- porate sector, hold examinations to test the know- ledge and skill of candidates for the profession and exercise supervision and control over the members of the profession. While arriving at a consensus in an All India Conference organised by the Central Government to form the Institute in October 1956, the then Secretary, Company Law Administration Shri D. L. Mazumdar stated "just as the modern Government cannot be run with- out secretariat, similarly no modern company management can be carried on without a com- pany secretary; that in our conviction and I take it that there is a justification for striving to evolve for an All India Institution of Company Secretaries on sound lines."

4. The second stage—The initial Trials and Tribulations.—As the Institute formed in 1957 at Calcutta could not withstand the initial trials and tribulations subjected to by its constituents, it had to be dissolved soon after its formation.

5. The third stage—The strength and support of the Government.—The Government of India thereupon took upon itself the challenge of pro- viding a qualified cadre of company secretaries. It accordingly set up an Advisory Board by a Government resolution in April 1960 to advise the Government on standardisation of the basic qualifications, drawing up a syllabi and scheme of examinations, holding of examinations, arrange- ment for practical training, maintenance of stan- dards of the profession and measures for attaining recognition to the profession. The Government of India thereafter framed the syllabus, commenced examinations for Government Diploma in Com- pany Secretaryship from 1961 and arranged for practical training facilities in companies and offices of Registrar of Companies for grant of the Dip- loma.

6. The fourth stage—An Institute of Company Secretaries.—The conduct of examinations and im- parting of practical training facilities were under taken by the Government till 1968 as an at ad hoc measure to bring up a nucleus of qualified company secretaries. In order to develop the pro- fession on the lines of the other two existing Insti- tutes, viz. the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India, the Central Government promoted and registered an Institute of Company Secretaries of India on 4th October 1968 as a company under section 25 of the Companies Act, 1956 with the following objectives:

fa) to take over the entire work connected with the company secretaries examina- tions;

(b) to impact training to the students for qualifying in company secretaries exami- nation;

(d) to organise practical training for quali-

fied students;

(e) to provide various classes of members;

(,f) to regulate and maintain the status and standards of secretarial profession; and

(g) to exercise professional supervision over

the members of the Institute.

7. Soon after its incorporation the Institute had successfully pursued all the objectives and made and impart of its existence in the eyes of the Government, the corporate sector and the general public. The Government therefore thought it fit to amend the Companies Act, 1956 in February, 1975 tor compulsory appointment of qualified sec- retaries in companies having a paid-up share capi- tal of Rs. 25 lacs or more and providing for mem- bership of the Institute as an essential prescribed qualification for such appointment.

S. The fifth stage—The statutory body.—Con- sidering that the Institute had fully justified the support given to it by the Government during its existence of 12 years, the Government of India concerted the Institute into a statutory body under an Act of Parliament titled The Company Secre- taries Act, 1980 with effect from 1-1-1981 to regulate and develop the profession of company secretaries in India. Observing in the Statement of Objects and Reasons, that the profession has an important part to play in the introduction of professional management in the area of corporate management, Shri Shiv Shankar, the then Minister for Law, Justice and Company Affairs, summed up that the Bill was in the interest of development of professional management of the corporate sec- tor. The main changes brought about by the Act include—

(a) recognition to the profession by law;

(b) specific provision to engage in practice including as share transfer agent, issue house, share and stock broker, secreta- rial auditor or consultant, and on legal and procedural matter relating to com- pliance of company law and other eco- nomic legislations;

(e) provisions regulating the conduct of members in service and|or in practice and empowering the Council and Disci- plinary Committee to have disciplinary control over members and power of Civil Court in summoning witnesses or receiving evidence on affidavits;

(d) providing that no other person shall seek to regulate the profession or indicate attainment of professional competence similar to that of a member of the Insti- tute.

9. The objects pursued by the Institute and the activities undertaken for the regulation and deve- lopment of the profession include:

(a) providing a qualified cadre of company secretaries for the use of corporate sec- tor;

(b) standardising the basic qualifications for entry into the profession and imparting training and education for candidates to qualify in the company secretaryship ex animation;

(c) holding examinations to test the know- ledge and skill of candidates endeavour- ing to become qualified company secre- taries:

(d) assessing the practical experience of the qualified candidates ar.d providing prac- tical training to them and to enrol them as members of the Institute;

(e) providing professional knowledge and updating thereof to enable members to attain and maintain requisite standards in their service to corporate sector;

(f) maintaining professional control over the

members; and

(g) attaining recognition to the profession and increasing the opportunities of em- ployment andjor practice to¹ the mem- bers and students of the Institute.

Organisational Set up

10. The Company Secretaries Regulations, 1982.-—The Company Secretaries Regulations, 1982 prescribed under the Act to regulate the work- ing of the Institute were published in the Gazette of India Extraordinary (Part III, Section 4, Serial No. 9 dated 16 September 1982) and came into force with effect from 16th September, 1982.

11. Council.

11.1 In pursuance of the provisions of Section 9(2) of the Company Secretaries Act, 1980 the regional constituencies were notified by the Central Government in the Gazette of India, Extraordi- nary [Part II, sub-section (ii) of section 3 under S.O. No. 670(E)] dated 16-9-82. Thereafter, the first elections to the Council were held and the following persons were declared as duly elected to the Council.

Eastern India Regional Constitutency

1. Ganguly, D

2. Shanbhogue, K. V.

Northern India Regional Constituency

3. Krishnan, R.

4. Rao, G. B.

3<; T HE GAZETTE OF I N D IA : E X T R A O R D I N A RY [PART I I I — S E C. 4]

Southern India Regional Constituency

5. Doraiswamy, B. S.

6. Nagarajan, R. V.

7. Saxena, D. B.

Western India Regional Constituency

8. Agnihotri, V. R.

9. Mistry, P. P.

10. Ramachandran, R.

11. Shah, Pramod S.

The Council was constituted with effect from 30th December 1982 (2 P.M.) and the members assumed office for a period of three years from that date.

11.2 In accordance with the powers conferred on the Central Government under clause (b) at sub-section (2) of section 9 of the Act, Shri S. C. Bama, Shri S. C. Mital and Dr. R. S. Nigam were nominated with effect from 30th December 1982 and Shri N S Mittal for a period of one year with effect from 30th December 1982. Subsequent- ly, Shri K. D. Saksena was nominated by the Cen- tral Government an a member with effect from 12th May 1983 vice Shri S. C. Mittal on his transfer to the Ministry of Finance.

11.3 The Council held 7 meetings during the

year 1982-83.

12. President and Vicc-President of the Coun- cil.—At the first meeting of the new Council held on the afternoon of 30th December, 1982, Dr. P. P. Mistry relinquished the office of President and Shri D. B. Saxena was unanimously elected to the office of President for a period of erne year from that date. At the same meeting Shri K. V, Shambhogue was also unanimously elected as Vice-President for one year.

13. Committees of the Council.—In accordance with the provisions contained in section 17 of the Act, the Council constituted three Standing and six other committees for a period of one year. The present composition of the various committees and the number of meetings held by each Com- mittee are given in Appendix 'A' to the Report.

14. Constitution of Regional Council.—Pursu- ant to the provisions contained in section 23(2) of the Act and the regulations made thereunder, the first elections to all the four Regional Councils were held in 1982 and the new Regional Councils were dulv constituted with effect from 30th De- cember, 1982 for a period of three years. Each Regional Council brings out a regular bulletin on its activities and the gist of activities as reported in their Annual Report for 1982-83 is given in Appendix 'B' to the Report.

15. Constitution of Chapters.—The Institute has 30 Chapters under the jurisdiction of the four Regional Councils. The Council has since notified the Company Secretaies Chapter Guidelines, 1983 specifying inter aha the requirements and condi- tions with respect to the constitution of Chapters of the Institute.

Provision of Members for Employment and|or Practice.

16. Membership.—During the year under re- port 353 Associates (including 76 Fellows) were admitted to membership of the Institute. As on 31st March, 1983, the Institute had on its roll 4448 members, comprising 3563 Associates and 885 Fellows. The names of 48 members comprising 43 Associates and 5 Fellows stood deleted as on 31st March 83 due to non-payment of fees and 11 members due to death. The number of members residing abroad as on 31st March, 83 was 111. A Table on growth of members during the last 5 years is given as Appendix 'C to the Report.

17. Certificate of Practice.—Certificates of Prac- tice were issued to 90 members during the year under review and 450 members were holding Cer- tificate of Practice as at the end of the year. A Table on the growth of members holding certifi- cate of practice is given in Appendix 'D' to the Report.

18. List of Members.—In pursuance of section 19(3) of the Company Secretaries Act, 1980, read with regulation 161, a List of Members of the Institute as on 1-4-1962 was published, by computer processing for the first time, and supplied to members. In addition a Directory of Company Secretaries giving photographs name, membership number and date of birth of members has been published as on 31 March, 1982 for the benefit and use of members, as a saleable publication.

Provision of facilities for updating professional knowledge of members.

19. Professional Development (Continuing Edu- cation and Publications.—During the year the Institute had organised six Professional Deve- lopment|Continuing Education programmes and brought out three more publications in addition to providing service to loose-leaf ready referencers brought out in earlier years as listed in Appendix E to the Report.

20. Research scheme.—The Council had for- mulated a research scheme to encourage research on topics of interest to the profession. During the vear a research proiect titled "Impact of Foreign Collaboration in India" was awarded to Shri V. Krishnaii. Tirutmti under the Scheme. Shri Krishna ii has since submitted the final research study which under scrutiny for publication by the Insti- tute.

21. Second International Congress of Company Secretaries in Sydney, Australia.—The Second International Congress of Company Secretaries was held in Sydney, Australia from 9th May to 13th May 1982 on the theme "Resources Mana- gement into the Twenty First Century" under the auspices of the Australian Division of the Insti- tute of Chartered Secretaries and Administrators, London. The President and Members of the Insti- tute were invited by the foreign body to attend the Congress and accordingly the Institute orga- nised a delegation of 36 members including the President, Vice-President, some Council members and Secretary of the Institute which effectively participated in the Congress.

22. Eleventh National Convention.—The Ele- venth National Convention of Company Secreta- ries was held at New Delhi from 12th to 14th February 1983 on the theme "The Board and Corporate Management". The convention was in- augurated by Shri Jagan Nath Kaushal, Hon'ble Minister of Law, Justice and Company Affairs. It is proposed to formulate a Management Infor- mation System to provide a list of items to be referred to the Board and the formatics in which the requisite information should be provided to the Board for guidance of company secretaries.

23. Chartered Secretary.—The journal of the Institute 'Chartered Secretary' commenced its 13th volume in January 1983 and had continued to maintain its popularity as nn useful and informa- tive journal to the members, students, company executives and allied professionals. The Editorial Advisory Board was reconstituted during the year.

24. Memoranda submitted to Committees.— The following memoranda were submitted during the year under report to the various Expert Com- mittees appointed by the Government-

(a) To the Study Group on financing of the Private Corporate Sector in the Sixth Year Plan set up by the Planning Com- mission, views on the growth of the in- dustrial investment in the private cor- porate sector during the Sixth Plan and measures needed to stimulate invest- ment activity.

(b) To the Expert Committee set up by the Reserve Bank of India on issues relating to presentation of Annual Accounts by banks.

(c) To the Expert Committee on Exchange Control Regulations set up by the Re- serve Bank erf India on issues relating to exports and imports.

Attainment of recognitions and opportunities to the Profession.

25. Reconstitutions : attained.—The Institute continues to make progress in attaining more recognitions for its members, for pursuing Ph.D. course under various universities, for em- ployment in various fields and for practice as a company secretary. During the year under report, Punjab University has recognised the member- ship qualification for pursuing Ph.D. course. The Indian Banks Association has recognised the mem- bership for recruitment to specialist officers' cadre. The Government of India has recognised the mem- bership for recruitment to officers' Grade I, II, III and IV in the "Accounts Branch" of the Cen- tral Company Law Service. The list of recogni- tions obtained so far is given in Appendix 'F' to the Report.

26. Secretarial Audit Report.—A Secretarial Audit Report as fmanlised by the Professional Development Committee after its consideration by a Task Force appointed for this purpose, is under consideration of. the Council. The final format of the Secretarial Audit Report as approved by the Council will be forwarded to the Central Govern- ment for considering intorduction of secretarial adult in companies by company secretaries in prac- tice, as envisaged in the Company Secretaries Act, 1980.

27. Guidance notes.—For the first time, guid- ance notes are under preparation on the following areas of recognition obtained for practising com- pany secretaries.

(i) Recognition under Import-Export Policy;

(ii) Recognition under the Secretaries Con-

tracts (Regulation) Act;

(iii) Recognition From AH India Financial

Institutions.

The guidance notes will be printed and supplied to members holding certificate of practice free of cost.

Registration of students, imparting of educa- tion, conduct of examinations and provision of training facilities.

28. Registration of Students.—According to the Register of Students maintained by the Insti- tute, the total number of students registered till the end of the year was 87159. The number of students, whose registration was current as at the end of the year, was 47687, including those whose registration was extended under Regulation 21(3). 9194 students were registered during the year un- der report. A student on growth of students show- ing candidates who have completed Intermediate and Final examinations and number of companies recognised for practical training is given as Ap- pendix 'G'—Table 1 to the Report.

38 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]

29. Coaching

29.1 Registration and issue of completion certi- ficates.—AH the students registered during the year were enrolled for postal tuition and a total number of 12,821 coaching completion certificate tor various groups were issued during the year under report. A comparative statement for 5 years on the number of students enrolled for postal tui- tion and issued with coaching completion certifi- cates, is given as Appendix 'G' Table II to the Report.

29.2 Study Material.—With a view to enabling the students to equip themselves better in prepar- ing for the Institute's examinations, the study material and suggested answer were further re- vised. Along with the revision of study material the test papers were also simultaneously revised taking into account the questions set in the Insti- tutes' examinations. The Guideline imswers for the Intermediate and Final examinations question papers were brought out in August 1982 and March 1983, for the examinations held in June 1982 f

29.3 Suggested Readings.—A detailed list of suggested read books to be read as supplement to the study material was prepared under the head- ings 'Books for reference' and 'Books for reading⁷ and are being referred to in the study material. Steps have been initiated to review the suggested readings annually to maintain reference books upto-date.

29.4 Revision of Syllabus.—An exercise was undertaken to revise the existing syllabus with a view to incorporating new topics and amending the existing syllabus to make it more responsive to the demands of the corporate sector. The views of the Regional Councils and Chapters were ear- lier sought for this purpose. This revision of sylla- bus is under consideration of the Syllabus Review Committee.

29.5 Personal Contact Programmes.—With a view to having interaction with the local students undergoing postalforal tuition and the teaching faculty imparting oral tuition in important cities, the academic staff in the Directorate of Studies visited a few oral tuition centres in Northern and Southern Regions during the year.

30. Introduction of Hindi as an optional me-

dium of writing examination.

30.1 The question of introducing Hindi, the official languages of the country, as a medium of examination came under discussion. The Government had convened meetings under the auspices of the Secretary of the Department of Company Affairs at which the Presidents of the three professional institutes, vi?:. The Institute of Chartered Accountants of India, the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India were present. The Government Jesired that the profes- sional institutes examine the feasibility of intro- ducing Hindi as an optional medium of examina- tion as early as possible. The Presidents of the tiiree Institutes agreed in principle to the proposal and assured that the matter will be pusued fur- ther.

30.2 Hindi, under the Constitution, is the only Official Language of India. It has increasingly been introduced in various spheres of life in the country, including as a medium in the UPSC and some Universities Examinations. Taking into accout the legal and the factual position and after considering the views of the Examination Com- mittee and the Training and EducationaljFacili- ties Committee, the Council has decided to intro- duce Hindi as an optional medium in the Exami- nations for company secretaryship in stages, com- mencing with the Peiimtnary Examination seen after the regulations are suitably amended with the approval of the Central Govenment for that purpose. English, however, will continue to be the main medium of examinations.

31. Examinations.—-The Institute has held two examinations during the year, in June 1982, exa- mination was conducted in 29 centres and in De- cember 1982 in 38 centres including four new exa- mination centres opened at Belgeum, Mysore, Modinagar and Ludhiana on experimental basis. In June 1982 session 589 and 223 candidates completed Intermediate and linal examinations respectively and in December 1982 session 689 and 276 candidates completed Intermediate and Final examinations respectively. A statement showing groupwise results on conduct of examina- tions for Intermediate and Final examinations for five years is given in Appendix 'G' as Table III and Table IV respectively.

32. Practical Training.—[ncluding 37 public limited companies recognised for practical training during the year, the total number of companies recognised for practical training as at the close of the year was 397. During the vear 515 candidates who had passed the final examination were spon- sored for practical training in these companies.

Accounts and Audit.

33. Accounts, Reserves and Surplus.—Pursu- ant to sub-section (5) of section 18 of the Act, a copy of the audited accounts has been published herewith.

33.1 Income and Expenditure Account.—The Income and Expenditure Account for the year under review has shown an excess of expenditure over income to the tune of Rs. 3,32,961. Although there has been a continuous increase during the last few years in the cost of services rendered to

the members and students, due to all round in- flation, there has been no corresponding upward revision in the fees payable by members and stu- dents. The .Council has, therefore, undertaken a thorough review of the expenditure. Further, an analytical report on the various factors and items which had increased the cost of services in respect of members and students is under consideration of the Council. Suitable steps will be taken includ- ing revision in the fees to avoid a deficit.

33.2 Capitalisation of Fees.—As per last prac- tice, the entrance fees received from Associates and Fellow Members and registration fees receiv- ed for issue of Certificate of Practice amounting to Rs. 1,00,325 have been capitalised. The capital reserve at the end of the year stood at Rs. 10,60,512.

33.3 Reserve and Surplus.—An appropriation of Rs. 1,98,795 has been made on account of in- terest on earmarked fixed deposit directly to Build- ing Reserve Fund as per past practice. The capi- tal payments to the tune of Rs. 8,77,333 made during the year under report to the contractors on account of their bills In connection with the construction of the Institute's Headquarters build- ing has been transferred to General Reserve. We are thankful to the Govt. of India, Deptt. of Com- pany Affairs, to have accorded the sanction for the writing off of the amount payable to the Gov- ernment on account of pay and allowances of the government staff who were deputed to the Insti- tute during the period of promotional stage from 1-1-1969 to 30-4-1970. Accordingly the provi- sion of Rs. 74,3?3 shown on the liabilities side of the Balance Sheet of previous years on account of salaries payable, has been transferred to the General Reserve. The total General Reserve stood at Rs. 74,72,754 as cm 31st March, 1983.

33.4 The summary of ihe llnancial statement of affairs is given as Appendix 'H' to the Re- port. Further, -analytical statements giving the growth of income, expenditure, assets, liabilities and surplus for a period of five years have been tabulated and given in 6 parts as Appendix T to this report.

34. Auditors.'—Pursuant to section 18(4) of the Act, the Council rc-appointed M|s. D. K. Sengupta and Company, Chartered Accountants, New Delhi, as Auditors to audit the accounts for the year ended 31st March 1983. The report of the Auditors is published herewith along with the statements of accounts.

APPRECIATION

35. The Council wishes to place on record its deep appreciation of the valuable services ren- dered by the members of the outgoing Council under whose auspices, among other achievements, the Headquarters building was completed, the Institute was converted into a statutory body and the first elections to the Council and four Regio- nal Councils were held under the Company Sec- retaries Regulations, 1982 to induct the new Council.

36. The Council also wishes to convey its grati- tude to the Ministers and officers of the Central Government for their continued patronage and support to the Council of the Institute during the year. The support given to the profession and the Council of the Institute by the corporate sector, the activities undertaken by the Chapters and the four Regional Councils and the strength and en- couragement given to the Institute by the indivi- dual members and students of the Institute have raised the stature and standards of the profession.

37. The Council also wishes to express its thanks to the members of the outgoing and reconstituted Editorial Advisory Board of Chartered Secretary for the contribution made to the quality and con- tents of the journal.

38. Lastly, but not in the least, the Council places on record its appreciation of the continued devotion to duty exhibited by the Secretary and his team of officers and staff without whose co- operation these significant achievements could not have taken place in the Institute.

For the Council of the Institute of Company

Secretaries of India.

New Delhi September 17, 1983

Sd|-

D. B. SAXENA, President

Sd|-

(Illegible)

Dy. Secy.

⁴⁰ THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]

APPENDIX 'A'

COMPOSITION OF COMMITTEES CONSTITUTED BY THE COUNCIL

No. Name of Committee

Chairman

Members

No. of meetings held

) Standing Committee

, Disciplinary Committoc

Shri D.B. Saxena

Shri B.S. Doraiswamy Shri K.D. Saksena

. Examination Committee

Shri K.V. Shanbho guc

⁴

Shri G.B. Rao Shri R. Ramachandran

Bxecutive Committee

Sri D.B. Saxena

Dr. P.P. Mistry Shri K.D. Saksona Shri R.V. Nagarajan Shri K.V. Shanbhogue

1 Other Committee

(B)

Shri D.B. Saxena

1 Co-ordination Committee (for coordina- tion with ICAI & ICWAI)

Shri D. Ganguly Shri R. Krishnan Dr. P.P. Mistry Shri R. Ramachandran Shri K.V. Shanbhogue

Journal Committee

Shri D.B. Saxena

1 5.

Shri V.R. Agnihotri Shri D. Ganguly Dr. R.S. Nigam

Professional Development Committee Shri D.B. Saxena

2 6.

Shri V.R. Agnihotri Shri S.C. Bafna Shri B.S. Doraiswamy Srhi D. Ganguly

Shri D.B. Saxotia

1 Professional Rosoarch & Publication Committee

Shri S.C. Bafna Shri R. Krishnan Shri K.V. Shanbhogue Shri Pramod S. Shah

Shri K.V. Shanbhogue

Syllabus Review Committee

Dr. P.P. Mistry Shri R.V, Nagarajan Shri C.R. Shah

Shri K.V. Shanbhogue

2 Training & Educational Facilities Committee

Dr. R.S. Nigam Shri G.B. Rao Shri Pramod S. Shah

Appendix 'B'

GIST OF

ACTIVITIES OF THE REGIONAL COUN-

CILS AS GIVEN IN THEIR ANNUAL RE-

PORTS 1982-83

Eastern India Regional Council

organised jointly with the Ranchi Chapter of the Istitute on 17th October, 1982. The Regional Council which had four Chapters at Patna, Gauhati, Bhubaneswar and Ranchi organised the 5th Chapter at Jamshedpur which was inaugurated by Mr. R. H. Mody, Vice-Chairman and Manag- ing Director, TISCO, on 3rd August, 1982. At the Seventh Annual Dinner organised by the Re- gional Council with about 100 members, Shri Bhabani Mukherjee, Minister, Department of Environment, Government of West Bengal, as the Chief Guest on the occasion distributed the prizes. Oral Coaching classes were continued.

Northern India Regional Council

The Regional Council organised six study circle meetings, two luncheon meetings, five Symposia and one Seminar. The Symposia were in MRTP Amendment Bill 1982, Inspection under section 209-A, Secretarial Audit Report, Issue of Deben- tures, Terms Loan and Documentation and Union Budget 1983-84. A one-day Seminar on "Changing Patterns in Industrial Relations" was

The year had been a year of compreheasive programme of activities and the Regional Coun- cil initiated new measures for the benefit of members and students.

The Regional Council vigorously pursued with the DDA tor allotment of a plot measuring about one acre for its building in New Delhi. The oral coaching classes were continued. 12 study circle meetings, 10 talks, two seminars, one workshop, one continuing education programme and one film show on subjects of interest to company sec- retaries were organised. The Regional Council has 8 chapters at Chandigarh, Fark'iibad, Jaipur, Kanpur, Lucknow, Ludhiana, Modinagar and Simla.

The first Seminar on "Corporate nnd Personal Tax Planning and Legal and Tax implications of Foreign Collaboration" was organised on 9th and 10th July, 1982 and the second on "Central Ex- cise Procedures" on 27th August, 1982. The work- shop was held on two evenings on "Filling and Filing of Returns under the Companies Act". The continuing education programme on "Raising Long and Short-Term Finance from Domestic and International Sources" was inaugurated by Shri K. N. Modi, Chairman, Modi Group of Indus- tries. In addition, two Prize-Award functions were organised one at New Delhi and the other at Jaipur. A meeting with Secretary-General, FICCT, was arranged to apprise him of the services ren- dered by practising company secretaries to the Corporate Sector. Personal Contact Programmes at Srinagar, Jammu, Allahabad, LTdaipur, Jodh- pur, Bewar and Ajnier were organised.

Southern India Regional Council

The Regional Council with 10 Chapters un- der its jurisdiction continued to keep up the tempo of its activities during the year which re- sulted in progressive increase in the strength of its members and students. The Regional Council organised 10 talks, a seminar, a symposium and 8th Regional Conference during the year on subiects of interest to company secretaries. The symposium was held on "Secretarial Audit Re- port". The seminar on "Monopolies Legislation" was organised with Mr. Justice S. Madhusudan Rao, Chairman, MRTP Commission, as the Chief Guest. The 8th Regional Conference was held on the theme "Towards Higher Productivity" on 21st and 22nd August, 1982, at Hotel Connemara in- augurated by Dr. Chraniit Chanana, the then Minister of State for Industris, Government of India and addressed amongst others bv Cav. G. K. Devarajulu, Formerly President, FICCI. In addition, a Members Get-together, picnic, and a meeting with Central Council Members were organised. The oral coaching classes were conti- nued with increased number of students for both the sessions.

Western India Regional Council

The Regional Council has the highest number of members under its jurisdiction and has 7 Chap- ters. It reported 8 lecutrc-meetings, one continu- ing education programme, one Regional Confe- rence, an Annual Meeting and Prize-Award Func- tion and a students contact programme. The one- day Regional Conference on "Changing Dimen- sions of Corporate Planning" organised on 22nd October, 1982, was inuasurated by Shri S. P. Godrej, a leading industrialist of Bombay. Apart from Students Contact Programme, a Joint Faculty Meeting of Coaching Centres was arranged. A get-together meeting with Mr. Justice S. Madhu- sudan Rao, Chairman, MRTP Commission was organised jointly with WIRC of the TCWAI. The Continuing Education Programme was held on "Foreign Exchange Regulation Act, 1973." In addition to organising the oral coaching classes in collaboration with the Sydenham College of Commerce, the second oral coaching centre was started during the year in collaboration with the Narsce Moniee College of Commerce and Eco- nomics. The 7th Chanter at Narmur was formally inaugurated bv Mr. Justice A. V. Mohta of Bom- bay High Court during the year.

FINANCIAL POSITION OF REGIONAL COUNCILS

Tho financial position of the four Regional Councils as reported at tho close of the year on 31st March, 1983 was as under :

Itom

Regions

NIRC Rs.

SlRC Rs.

EIRC Rs.

WIRC Rs.

(-)19,383

Surplus/Doficit for tho yoar endod 31-3-1983

57,708

42,118

<- )4,682

36,800

Reserves & Surplus as on 31-3-1983

829 GI/83—<5

2,92,382

2,52,555

2,06,234

42 THE GAZETTE OF INDIA : EXTRAORDINARY [PART iii^Suc. 3(4)]

APPENDIX 'C¹

GROWTH OF MEMBERS

of No. of

Annual growth

Removals from Register

%age

Total (2-3)

Year Total No. Associate Members

Fellow Membors

year.

of C.P. holders

Abso- (%)

lute

Duo to Due to Total non- death (7 + 8) paytnont of foe

No. of Certi- ficate of Practice holders

%ase of total No. of remo- vals to total mem- bership

to total Mem- ber- ship

0.86

245 409

232

342 315

428 394

353 6.9 8.59 9.62 10.12

450

140

218

APPENDIX 'E'

List of Programmes hflld and Publications brought out in 1982-83

PROGRAMMES

In association with

Programme

Place & Date

(o.

N 1 Coip^rate Sector and Pollution Control Central Board for the Prevontion and

Bangalore April 9-10, 82

Control of Water Pollution

The Institute of Chartered Accountants of

Aspects of Corporate Laws

Bombay, July 10-11, 1982

India

All India Management Association

3. Company Secretary as a professional

Kovalam July 26—31, 1982 Administrator

4. Resources Constraints & Corporate

Calcutta Septr. 17-18, 1982

Growth

The Institute of Cost & Works Accountants of India Administrative Staff College of India Indian Council of Arbitration

5. 6.

11th programme for Company Secretaries Commercial Arbitiation

Hyderabad, Doer. 13—22, 1982 New Delhi March 19—22,1983

II. Publications

1. Meetings—Secretarial Practice Series No. 4 (June 1982); 2. Inspection and Investigation—Secretarial Practice Series No. 5 (October 1982); 3. Company Deposits—Second (revised) edition (January) (1983)

APPENDIX 'F- PARTI

List of Recognitions obtained for doing Ph. D. Course undor various Universities

Reference

Na me of  tho  University                                                                                         Faculty
 1. Sardar Patel  University  Gujarat                   Lettor No. D ;A  : 4/1/8209 dt.Docembor  26,1980      Commerce
 2. Sri Vonkatoswara University,  Trjupati              Syndicate's Resolution No. 180 (B-2) dated  17-1-1980 Commerce
 3. Gurunanak  Dev  University                          By its Resolution  dated  13-2-1981                   Commerce
 4. South  Gujarat  Univorsity, Surat                   Letter  No.  A/Bli/Equi/17388  dt.  18th/23rd  Feb.,  Allied  subjects
                                                          1981
 5. MaharshiDayanand.  University,  Rohtak            Letter No. AC-III/R/81/2375 dt. 28-2-1981             Allied  subjects
 6. University of  Poona,  Puno                        Utter  No. Elg./4251 dt. 16/19th June, 81             Commerce/Law/
                                                                                                               Management

Letter No. 4416/GM dt. 31-3-1983

Punjab University, Chandigarh

Business Manag oment 7.

Commerce

APPENDIX "F*

PART II

List of Recognitions for the purposes of Employment

Purpose

Statute/Authority

Whon obtained s.

5. Nc

4 2

Appointment to superior posts and services under

Ministry of Education

the Central Government

Section 383A of the Companies Act 1956

February 1968, December 1971 and July, 1981 February 1975 2.

Companies having a paid up share capital of Rs. 25 lakhs or more to employ a whole-timo eompany secretary

Section 2(45) of tho C impanies Act, 1956 and th

February 1975 Companies (Secretary's Qualifications) Rules, 1975

e Definition of Seoretary was amended to provide for qualification of the Institute and duties to be porformod by a secretary to include duties under the Companies Act ana any other ministerial or

Government of Andhra Pradesh

September, 1981

5. Central Government (Department of Company Affairs)

[ Novembor 1982 my

6. Indian Banks' Association

its March 1983 .t

administrative duties For recruitmoit in public Sector undertaking of the State to suporior posts. Esse Uial qualification for recruitment to Grades 1 to IV in the Accounts Branch of the Central Comp^ Law Service Appointment of Company, secretaries as specialis in the field of finance, accounts, legal and mcrchai banking.

⁴⁴ THE GAZETTE OF INDIA : EXTRAORDINARY [PART HI—SEC. 4

APPENDIX ' F.

Recognitions Secured fcr purposes of practice as a Practising Company Secretary

PART IH

Statute/Authority

Purpose

When obtained

s. Nc

Statutes

Wealth-tax Rules, 1957* [Rule 8A(7)]

Recognised for registering as a valuer of stocks, October, 1974

shares, debentures, etc.

To act as autlv rised representative before the Com- Decembor 1975

pany Law Board Benches

Company Law Board (Benc,ri) Rules, 1975*—Rule 28

To act as authorised representative before the Income-

July, 1979 Income-tax Act, 1961 and Income-tax Rules, 1962* [Section 288(2) and Rules 49 and 50]

tax authorities

Rules Regulations Institutions

All India Financial Institutions :—

Certification with regard to the following:—

(1) Necessary po wers of a company to enter into an

I July, 1981

agreement

(i) Industrial Development Bank of India (ii) Industrial Finance Corporation of India (iii) Industrial Credit & Investment Corporation of (2) Borrowing limits of a company under section

293 (I) (d) of the Companies Act, 1956

India

1 July, 1983

(3) List of Members of the Company (4) Certificate regarding exemption to proposed

(iv) Unit Trust of India (v) Life Insurance Corporation of India (vi) General Insurance Corporation of India

borrowing under Capital Issues (Exemption) Order, 1969

(5) Copies of resolutions passed at company meetings

to be furnished to financial institutions.

April, 1982

To issue certificate of Consumption of imported raw materials, components and consumables; applica- tion for grant of export performance certificate and export housp certificate.

Import-Export Policy, [Appendix 11 & Appendix 13 of Import Export Policy and para 41.2 of the Hand- book of Import Export Policy, Procedures 1982-83 and 1983-84]

May, 1982

To act as authorised representative before the Mono- polies and Restrictive Trade Practices Commission

Monopolies and Restrictive Trade Practices Com- mission Regulations, 1974* [Proviso tu Regulation 65]

August, 1982 . Securities Contracts (Regulation) Act, 1956 and Securities Contracts (Regulation) Rules, 1957 [Guideline Nos. F1/8/SE/82 dated 20-8-1982]

Certificate to the effect that allotment has been mado by the Company on the basis approved by the stock exchange

8 Central Excises and Salt Act, 1944 and Central" I

Excise Rules, 1944 [Section 35Q and Rule 2328]

October, 1982 Customs Act, 1962 and Customs (Appeals) Rules, 1982 [Section 146A and Rule 9]

To act as authorised representative before the Cus- )• toms. Excise and Gold (Control) Appellate Trlbu

nal

Gold (Control) Act, 1968 and Gold (Control) Ap-

10.

peals Rules, 1982 [Section 101A and Rule 9]

High Court

l i.

February, 1933 Calcutta High Court [Letter No. Cor, 424, dated 8-2-1983]

Introduction of panel of practising company secre- taries for appointment as Receivers, Arbitrators, Trustees and Special Officers

IV Banks

12.

Status Reports for banks

April, 1983 Indian Banks¹ Association [Circular No. SO/69-73- ]II-C-82/9565 dated 15-4-1983]

•Secretary of a company can also undertake such assignments.

3 4 1 2

V. State Level Agencies: 13 State Financial /Industrial Development Corpora-

tions :—

(a) Necessary Powers of the company and its direc- March, 1982 (i)

tors to enter into an agreement

Assam Industrial Development Corporation i Ltd., Gauhatl.

(b) Borrowing limits of a company under section 293(l)(d) of the Companies Act, 1956 including details of share capital, authorised, issued, subscribed and paid-up and the actual borrow- ing.

-do-

April, 1982 (") Gujarat State Financial* Corporation, Ahme- dabad.

-do-

May, 1982 (iii)

-do-

June, 1982 (iv)

-do-

July, 1982 (v)

-do-

July, 1982 (vi)

•do-

July, 1982 Andhra Pradesh Industrial Development Corpn. Ltd., Hyderabad Andhra Pradesh State Financial Corporation, Hyderabad. The State Industrial and Investment Corpora- tion of Maharashtra Ltd., Bombay Karnataka State Industrial Investment and Development Corporation Ltd., Bangalore Himachal Pradesh Financial Corporation, Simla West Bengal Financial* Corporation, Calcutta (a) Necessary powers of the company and its directors

(vii) (viii)

i August, 1982

to enter into an agreement

(b) Borrowing limits of a company under sectio 293(l)(d) of the Companies Act, 1956 including details of share capital authorised, issued, subs- cribed and paid-up and the actual borrowings,

-do-

Septembr, 1982 (W Industrial Promotion and1 Investment Corpo- ration of Orissa Ltd., Bhubaneswar Haryana Financial Corporation, Chandigarh

September, 1982 (x) (xi)

-do- -do-

November, 1982 Gujarat Industrial Investment tCorporation Ltd., Ahmcdabad

Nagaland Industrial Development Corporation

-do-

(xii)

September, 1983 Ltd., Dimapur

In addition,

(1) List of members of the company (2) Certificate regarding exemption to proposed I borrowing under Capital Issues (Exemption) Order, 1969

(3) Copies of resolutions passed at Company meet- ings to be furnished to financial Institutions.

*ln addition, certificate in respect of Search Reports from the records maintained by the Office of the Registrar of Comnanie "Tl

be accepted,

tin addition, certificate in respect of Search Reports from the records maintained by the Office of Registrar of Companies

(TABLE D

TABLE ON GROWTH OF STUDENTS

Statement showing number of students registered, Students completod intermsdiato & final examinations and number of companies imparting training over a period of five years

Year

Candidates who completed

Registered Students as On 31-3-83 Cirreu

IitsrrajdlUe

Fiial

No. of Companies Recognised for Prictical Training

28945 35822 39177 43156

1563 1259 1380 1(576

527 451 402 390

254 314. 325 360 1978-79 1979-80 1980-81 19H-82 1982-83

47687

1278

499

397

Absolue change over 5 years — 18742 Percentage over 5 years = 64,75 Average annual growth ra tc ™ 1)2.95% Compound Annual Growth rate =" 10.50

46 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]

AlVfiNJIX ' O'

(TABLE II)

TABLE ON STUDENTS UNDERGOING POSTAL TUITION

Year

Yearwise growth over 1977-73

over 1977-78

No. of Coaching Yearwise growth

No. of students Registered and Enrolled for

PJsial Tuition

Percentage

Absolute Orowth

pjrcjntagj of Growth

flcatcs issued Absolute Oroupwiae Growth

of Growth

—

— 981 2653 2980 4181 2192

7002 7983 9655 9982 11183 9194

14.01 37.88 42.55 59.71 31.30

2290 8309 10922 12671 15064 1,2821

262.83 376.94 453.31 557.81 459.85

_ 6019 8632 10381 12774 1J531

1977-78 1978-79 1979-80 1980-81 1981-82 1982-83

1)346 9.0"%

age ™ 9167 Jrowth Rate = 2 . 8%

Annual Aver Compound C

STUDENTS APPEARING FOR

Number of Candidates Appeired/Pasici

Candidates (Appeared)

Cindidates

Doc

Total

Juno Dec

Juie June Dec-

June

Gl G2

2224

1604.

850

363

1399 991

1350

496

3S28 2200

429

317

1978-79

—

2013

—

2918

—

2598

5516 4511

6453

24198

1028

1979-80

3651

2813

3506 6724 6319

829

3073

—

770 1980-81

1981-82

—

— — 899

3502 3277

3669 3628

3536 3058

39^1 3639

7580 703S 7267 6335

7J7 — —

1151 6J1 —

—

1982-83

OS — Old Syllabus NS —New Syllabus Gl — Group 1 G2 — Group 2

APPENDIX 'G'

TABLE HI

INTERMEDIATE EXAMINATION

The Intermediate Examination During Last Five Years

(Percentage)

(Passed)

Total

Dec.

June

Tjtil,

Juno

D3c.

Dec.

Gl         G2        Gl        G2                             Gl        G2        Gl        G2        Gl        G2
   511       313       940       630     35.45     37.13     26.75     37.29    22.98     23,19     24.55      23.fit
   927       912      1955       1557                        39.57     32.04    31.77     36.51     35.44       34.52
  1030       903      1859      1673                         26.93     27.37     23.21    25.76     27.54      26,  n
    777      1108     1676      2259                         24.50     32.55     19.87     31.64     22.11      32.09
    969      S02       1766     1433                         21.97     20.63     26.63     24.43     2-1.30     12.61

STUDENTS APPEARING FOR

Number of Candidates Appeared!Passed

Candidates Appeared

Yoar

Total

Juno

Doc.

Dec

Total

Cl G2

G2 Gl

Gl G2 Gl G2

G2 G3

Gl G2 G3 G2

1153 303

1236 393

697 542 456 303 — —

694 393

246 431 793 960 1105

145 597 855 1001 1015

1978-79 1979-80 1980-81 1981-82 1982-83

653 1032 1306 1384

454 759 913 1066 1165

310 — 864 953 1002 1200 1039 1422 1176 1531

1606 2232 2728 2915

700 1190 1706 2026 2270

455 1461 1857 2040 2V91

FINAL EXAMINATION Final Examination During Last Five Yean

APPENDIX 'a- TABLE IV

Candidates Passed

June

Dec

Total

Juno

Doc.

Total

Gl G2

Gl G2 Gl G2

Gl G2

142

153

393 144

158 203

311 203

251 144

58 152 331 240 433

115 305 312 274 362

35 206 277 222 272

174 236 271 208

53 319 321 223 379

267 279 252 393

173 457 643 514 795

88 525 598 445 651

441 515 523 601

Year

Juno

Dec.

Total

28.23

31.14

22.77 51.65

36.01 47.52

25.16 51.65

34.08 47.52 1978-79 1979-80 19SO-81 1981-82 1982-83

Percentage

June

Total

Dec.

G3 Gl G2 G3

G3 Gl G2

24.71

23.58 35.27 41.74 25.00 39.19

28.08 23.25 17.72 25.67

24.14 34,51 32.40 22.18 26.80

17.0) 36.92 32.04 21.46 32.23

38.40 37.69 25.37 35.02

19.34 35.93 32.20 21.81 29.71

27.45 23.07 19.17 20-62

26.65 22.87 23.75 15.03

25.33 40.18 34.17 25.70 31.07

O S - O ld Syllabus NS= New Syllabus Gl - Group 1 G2™ Group 2 G 3 " G r o u p3

48 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC 4]

APPENDlX-H

Annexure to the Third Annual Report

STATISTICS AT A GLANCE

(Financial State of Affairs)

As on 31-3-1983 As on 31-3-1982

Rs.

LIABILITIES

1. Total Reserve (Including excess of Expenditure over Income) 2. Current Liabilities and Provisions

1,15,99,499 16,92.370

1,16,39,991 16,16410

1,32,91,869

1,32,56,401

ASSETS

45,81.833

51,27,659

1. Fixed Assets 2. Current Assets

(i) Sundry Dobtors (ii) Cash & Bank Balances

69,818 57,94,479 19,38,799 3,25,736

(Jil) Stock In Hand 3. Loans and Advances 4. Mlscellauacms Expenditure (Deferred Rovonue Expenditure)

1,04.104 65,33,598 17,13,956 3.M.O85 24,293

Total

1,32,91.869

1,32,56,401

Growth of Assets

IN THOUSAND RUPEES

Year

Fixed Assets Percentage

Cur rent Assets

growth ovor previous

year

Sundry Dobtors

Cash & Bank Balances

Stock in hand

1-A

738.6 822.9 956.4 1

11.41 16.22

41.3 36.1 63,8 T

5S62.6 6599,2 7318.9

586 2 982.9 1579.6 1977-78 1978-79 1979-80

2483.1 •

159.63

98.1 1 7821.8") 1980-81

1675,4

104.1 f

84.52 11.91

6533.6 [ 5794.5J3 (-)68.1

4581.8 5127.6 J 1 4389.0 594.23 118.84 47.33

1981-82 1982-83 Absolute change (1977-78 to 1982-83) Percentage chango (1977-78 to 1982-83) Average Annual Growth Rate (%) Compound Annual Growth Rate (%)

69.8 J2 28.5 69,00 13.80 U .I

1714.0 1938.8 1352.6 230.74 46.15 27.03

(-W!23 ( -)0.23

1977-78 to 1982-83

APPENDIX-I (PART II)

Other Assets

2 as % of 5 3 as % of 5 1 as % of 5

Total Assets (1+5 + 6-1-7)

Loans & Advances

Total (2+3 4 4)

Porcontage growth over previous

Percentage growth over previous year

yoar

6 7

8-A

5-A

17.38

7266.0 8476.2

16.66

37,3 33, n

0.64 0.47

6490.1 7618.2

90.33 86.63

9.03 12.90

1 4

237.8 J-

10156.5

19.82

8962.3

17.64

0.71

81.66

17.63

•*

160,6

20.50]

7,06

12239.0

1,02

95953

17.46

81.52

24.3

334.1J

8.60

(-)12.96

20 52

325.7

13291.9 13256.4

(—)70,26J

<-)6.57

78.23 74.26

24.85

y i.25 5 0.89

288.4 773.19 154.6 54.3

5990.4 82.44 16.48 12.78

8351.7 7803.1 1313.1 20.23 4.05 3,75

1. Headquarters Building constructed and bills settled during the years 1980-81 to 1982-83. 2. Payments due to the Institute from Regional Councils/Chapters for publications sold and from others for Souvenir/Journal Adver-

tisements.

3. Reduction duo to heavy payments made for Headquarters building. 4" Advance for supply of paper from H.P.C. -Rs. 1,11.090/- and Building advances of Rs, 70,631/- outstanding as on 31-3-1980 Advances to employees amounted to Rs. 2,23,805/- as on 31-3-1983 including loans to the members of COMPSE Group Housing Society.

5. Lesser receipts due to fall in students registration and more of revenue expenditure.

APPENDIX-I (PART-TIi

Growth of Expenditure

IN THOUSAND RUPEES

Yev

niroct

Payment

Research

CO.St Of

Travelling & convey- ance

Percentage over pre- vious yoir

to employees

Printing stationery & publi- cation

Percentage growth over previous yoar

Percentage growth over pre- vious year

postal tuition

89.3" 130.8 125.7 1977-78 1978-79 1979-80

58.91 34.73

614.5 976,5 1315.6

676.1 807.7 998.0

15.3 32,1 0.9

44.19 37.35

19.46 2J.56

882.7 1272.8 1748.2

•

20.49 27.75 14.93

13.34 15.48 (-J16.11

17,60 22,35 12.21

209.2 241.7 236.0 146.7J

1131.1 1306.2 1095.8 419.7

28.6 5.8 15.1 (-00.2

1585.2 2025.1 2327.5 1713.0

164.27

62.07

1 278.9 9

2035,9 2515.4 2822.6 hanfic (1977-78 1939.9 ) chango (1977-78 219.94

(-)l -3

) nnual Growth 43.98

32.85

12.4

(~)0.26

55.80

21.46

10.13

I Annual Growth 26.17

.5 30.5;

(-)O-:

1980-81 1981-82 1982-83 Absolute c to 1982-83 Percentage to 1982-83 Average A Rate(%) Compoua Rato(%)

1977-78 to 1982-83

Tot a Examinations

Provision

Student Scholar-

Percentago growth

ship &

Deprecia- tion of fixed assets

Other expendi- ture

Percentage growth over pre- vious year

ovor pre- vbus ye^r

Award Scheme

Grant-in- aid to Regional Councils/ Chapters & Regional Office exps.

I2A

145,4 214,2 166.5

315,0 415.1 511,9

31.78 23.32

J35.96 192.2

1051,4 450.7 860, C

76.5 89.9 92.0

626.4 715,9 796.3

I 4504.0 5133.6 1 6693.7

13.98 30,39

HA 26.9 78.6

(-H22.14

61.2

1S9.7

99.0")

931.1

525.4

2.64

690.0 ' 7506.4

12.14

24".3

575.8

7.91

997.6

9.59

269.6 \- 65.6

3.S 8252,9

9.94

1158.1

7.88

8.06

44.:

621.2 306.2

5.0 (-)1046 A

265.2 119,8

327.4j 250.9

I (-032.6

1

i 8918.1 I 4414.1

531.7

32.1

82.3 327.97

97. :o

,(—)99.52

93.00

84.94

28,77

16,48

65.59

(—)19,00

19.44

19.60

15.98

5.75

12.78

14.55

33.75

(—)65.68

14.64

13.08

31.14

1, Stoap rise in air/rail fares during 1980-81. 2. Dspraiiatiou during 1981-82 on Building (Ho id quarters) and air-conditioning/air-cooling equipment alone was Rs. 1,52,883-

$29 OI/83—7

50 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I I I- SEC. 4]

APPENDIX-I (PART-IH)

Growth of Incomes

IN THOUSAND RUPEES

Year

Foes &• Subscriptions from !

Members

& Students

Percentage growth over pre- vious yoar

Subscrip- lioai, Allocations & Adv. for

Percentage growth over previous yoar

rotal (i+b)

Journal

itudents (b)

M;mbjrs S

(a)

18.92 39.91 77.32 (~)0.87 6.45

11.54 28.97 U-23 (-)6.87 5.86

11,9.4 134.3 170.9 161.2 185.8 204.2 84.8 71.02 14.20 11.3

3874.1 4320.1 5574.0 6228.8 5765.5 6095.9 2221.8 57.35 U.47 9.5

3993.5 4454.4 5744,9 6390.0 5951.3 9300.1 2306.6 57,75 11.55 9.55

489.4 582.0 814.3 1443.9 1431.4 1523.7 1034,3 211.34 42.26 25.5 1977-7^8 1978-79 1979-80 1980-81 1981-82 1982-83 Absolute change (1977-78 to 1982-83) Percentage change (1977-78 to 1982-83) Average Annual Growth Rate (%) Compound Annual Growth Rate (%)

1977-78 to 1982-83

Total Percentage Sale of Publications

Other Income

Percentage growth over pre- vious year

Percentage growth over previous year

Net receipts from Con- ventions/ Workshops

Percentage growth over previous year

growth over pre- vious yoar

Interest from banks & on staff advances

Percentage growth over pre- vious year

7 7A

4755.2 5360.7 U.73

(-)0.37

226.86 (__)69.41 135.82 (-)25.95

198.80 (-)32.27 172.94 70.26 —)49.37

247.00

21.72 76.03 81,10 20.82 5,24

6.7 21.9 6.7 15.8 11.7 40.6

6971.9 30.05 8471.7 21.51"! I 8271.6 (—)2.36 V 8585.1 3.79J2

14.57 11.36 70.75 (-)4o.;o

3829.9

33.9 505.97

95.3 116.0 204.2 369.8 446.3 470,2 374.9 393.38 78.67 37.61

166.9 161.3 184.8 205.8 351.4 210.5 48.6 30.02 6.00 5.4

101.19 43.4

80.54 16.10 12.553 8.4 25.1 17.0 46.4 79.0 40.0 31.6 400.00 80.00 36.7

1. Due to extension of last date of receipt of examination fees, ovorRs. 2,50,000 duo to be received in Mireh.1982 was received in

April, 1982.

2. Fall in registration of students from 11165 in 198V82 to 9194 in 1982-83. 3. Apart from fall in number of students registered, lesser amount of postal tuition foes is being charged thin the total cost o{ con-

ducting the postal tuition-

APPENDIX-I (PART-TV)

Growth of Surplus (Excess of Income Over Expenditure)/Dtficit (Excess of Expenditure over Income) : 1977-78 to 1982-83

IN THOUSAND RUPEES

Percentage

Year

3 ag % of 1

Surplus/ Deficit

Total Expenditure

Total Income

Percentage Growth over pre- vious year

growth oyor pro- vious year

| -A

2-A

4,755.2

251,2 227 1 278,2 965.3 18.7

(—)333.O

13.98 30.39 12.14 9.94 8.06

5.28 4.24 3.99 11.39 0.23 (—)3.88

12.73 30.05 21.51 (-)2.36 3.79

4,504.0 5,133,6 6,693.7 7.506.4 8,252.9 8,918.1 4,t44.1 98.09 19.60 14.64

5,360.7 6,971.9 8,471.7 8,271.6 8,585.1 3.B29.9 80.54 16.10 12.55

1977-78 1978-79 1979-80 1980-fl 1981-82 1982-83 Absolute change (1977-78 to 1982-83) Percentage change (1977-78 to 1982-83) Average Annual Growth Rate (%) CoraptundAntii al Growth Rate (%)

APPENDIX-I (PART IV)

Growth of Reserves

IN THOUSAND RUPEES

Other Ri

Year

sserves

Capital Reserves

General

Reserves

Library

Building

Contingency Total (3+ 4+5+6) Percentage growth over pre- vious year

Percentage growth over pre- vious year

Research Projects

200.0

11.30

12.43

38.35 3580.0

4244.8

5336.4

6314.51

2011.2 2238.4 2516.6 3481.9T

150.0 150.0 150.0 150.0

1977-78

1978-79

1979-80

1980-81

563.0

621.2

749.3

846.4

10.34

20.62

12.96

300.0

303.0

300.0 4230.0

4894.8

3986.4

6964.5

96.85

200.0

13.45 3135.3"|

6854.0 1

150.0 1981-R2

960.2 30 JO

3785.3

•1

09.03

10.45

7456.7j 200.0 150.0

1060.5

303,0

3105.7

(—)1123,3

7472.8J

5461.6

(c 497.5

(^)1123.3

271.55

88.36

C—>31.37

(—)26.56

54.31

17.67

(—16.28

(-)5.31,

(-)7.26

30.02

U-5

(-)5.99

1982-83

Absolute chani

(1977-78

to 1982-83)

Percentage

change (1977-7

to 1982-83)

Average

Annual Growl

Rate (%)

Compound

Annual Growtl

Rate(%)

Surplus 1977-78 to 1982-83

4 as % of 7

3 as % of 7

5 as %of7 6 as % of 7 Total Reserves (1 + 2+7)

Other Re- serves as % of total re- serves

Percentage growth over pre- vious vear

Capital Reserves as % of total reserves

General re- serves as % of total re- serves

15 8

63.12

64.70 61,67

6804.2
7754.4        13.96          8.01         28.87                      86.72          4.09          3.06          6.13
9252.3        19.32          8.10        27.20                       89.14          3.34          2.51         5.01
W292.8        22.05          7.50         30,83                      90.66          2.87          2.1,5        4.3*

32.83

82.83

5.28

59.09

3.96 02.72

8.28

11599.5

7.93

6.44 26.6?

79.08

61.19

4.83 00.35

9,66

9.11

U640.O 4835.8

71.07

14.21

It.33

1. Transfer of Building Reserve to the tune of Rs. 33,53,476 during 1981-82 and Rs. 8,77,333 during 1982-83 to tho General Re-

serve and also due to deficit of Rs. 3,32,961 during the ycar 1982-83.

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]

APPcNOtX-I (PART-VI)

Growth of Reserves and Liabilities 1977-78 to 1982-83

IN THOUSAND RUPEES

Year

Total Reserves Pen & Surpluses gro pro¹

Total (1+2) 1 as % of 3

;entage wth over 'ioui year '.

Total current Liabilities & Provisions

Percentage growth over previous year

11 -692.4 U 78.83 J 1 1616.4 .

IJ.33 D. K. SENGUPTA & CO. Chartered Accountants

P-22, N.D.S.E. Part-II

NEW DELHI-110049.

16th August, 1983

AUDITORS' REPORT

We have audited the attached Balance Sheet of the Institute of Company Secretaries of India as at 31st March, 1983 and the Income and Expen- diture Account annexed thereto for the year ended on that date and report as under:

1. In our opinion and to the best of our infor- mation and according to the explanations given to us, the accounts give a true and fair view—

(a) in the case of Balance Sheet of the state of affairs of the Institute as at 31st March, 1983 and

The Institute of Company Secretaries of India

SdJ-

IUegible

Deputy Secy. (b) in the case of Income and Expenditure Account of the deficit for the year end- ed on that date.

2. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit.

3. In our opinion, porper books of accounts and records have been kept by the Institute so far it appears from our examination of these books. 4. The Balance Sheet and the Income and Ex- penditure Account under report are in agreement with the boots of accounts and records main- tamed.

For D. K. SENGUPTA & Co. Chartered Accountants D. K. SENGUPTA

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA, NEW DELHI

(Balance Sheet as at 31st March, 1983)

Liabilities

As at 31-3-1983

As at 31-3-1982

Rs. Rs,

Rs.

RESERVES & SURPLUS

Capital Reserve

As per last Balance Sheet

9,60,187

8,46,449

Add ; Foos capitalised

Associate Entrance Fees

91,175

Follow Entrance Fees

13,750

Certificate of Practice Registration Foos

85,885 9,505 4,935

8,813

10.60.512 -

g firt IH7

General Reserve

As per last Balance Sheet

68,54,049

34,81,905

Add ' Surplus as per Income & Expenditure Account

18,668

68,54,049

35,00,573

Less : 0) T^ficit as per Income & Expenditure Account Annexed 3,32,96i

(2) Provision for previous year's salaries written back since

notp'yable

74,333

2,58,028

65,95,421 8,77,333

Add : Transfer from Building Reserve

35,00,573 33,53,476

74,72,754

68,54.049

Other ReserYC;

Building  Reserve (as per Schedule  'H'  annoyed)                                 24,56,725                  31,35,263
Rosarvc for  Libraries                                                             2,03,000                   2 00,000
Reserve for  Resoarch  Projects                                                    1,50,000                   1,50,000
Contingency  Reserve                                                               3,00,000                   3,00,000
                                                                                                31,06.725                 37,85,263

CURRENT LIABILITIES & PROVISIONS

!"t Liabilities

Cum

Rocoipt from Members in advance

(a)

23,474

59,748

Student Registration Foes for unoxpirod sarvicos

—

(b)

2,31,915

Duo to Regional Councils & Chapters

2,82,099

(o)

2,32,277

Library Security Deposit

(d)

38,590

34,970

Expenses Payable

(e)

3,36,003

3,53,797

Audit Foe Payable

7,000

3,000

Deposit for prize Award to Students

(B)

20,000

5,030

Sundry Receipts, for Payment

(h)

2,747

710

Eamost/Rotcntion Money

(i)

49,750

1,41,677

Rogionul Council Election Security Deposit

(j)

200

Delogate Foes/Hotel Deposit for Convention (Refundable)

1,850

410

Delegate Foes for Workshop and International Congress, received in

(1)

advance

—

5.06,975 9,93,628 13,38,764

1,26.33,619 1,29,38 263

54 THE GAZETTE OF tNDIA : EXTRAORDINARY [PART I I I -S E C. 4]

Assets

As at 31-3-1983

As at 31-31982

Rs.

R i.

Rs.

FIXED ASSESS

(Written Down Valuo—as per Schedule 'C annexod)

51,27,569

45,81,833

CURRENT ASSETS, LOANS & ADVANCES

Current Assets

(i) Sundry Debtors (Unsecured)

(a) Considered good

More than 6 months old

4,890

10,387

Others

64.928

93,717

(b) Considered doubtful

More than 6 months old

5,025

3,795

74.843

1,07,899

Lets : Reserve for Bad & Doubtful Debts

5,025

3,795

69,818

1,04,104

(ii) Cash and Batik balances

(as per Schedule T annexed)

57,94,479

65,33,598

(iii) Stock of Publications, Coaching Material, Paper, Journal,

6,45,020

4,64,316 Insignia, Nock Ties and Cuff-Link Sots in hand as on 31-3-1983 (on cost/ market valuo, whichever is lower) (a) Publications &. Stationery (b) Paper

2,63,936

(as per Schedule *J' annexed)

4,48,625

84,971

71,331

6,468

6,246 (c) Journal (d) Insignia, and other souvenirs (o) Study Material & Plastic Foldors

9,38,404

6,98,586

19,38,799

16,89,104

(iv) Stock of Building Materials

—

24,852

Loans & Advances

Advancos receivable in cash or kind or value to be received (Unsecured

and considered good, as per dchoclulo 'K' annexed)

3,25,736

3.34,085

MISCELLANEOUS EXPENDITURE

(to the extent not written off) Deforrod Revenue Expenditure on inauguration

of Headquarters Building

24,293

1,32,56,401

1,32.91,869

Liabilities

As at 31-3-1983

A3 at 31-3-1982

R s.

Rs.

1,26,33,619

1,29,38,263 B/f

Provisions

—

74,333 (a) Provision for Salaries (Department of Company Affairs)

26,530

68,388

(b) Provision for Water, Electricity, Telephone and Property Tax

2,40,187

3,16,839

2,22 740

(d) Provision for Building/Air Conditioning & Air Cooling Equipments

14,815

12,556 (e) Provision for donation to ICSI Members' Benevolent Fund

6,22,782 -

3 ,53,60(5

1,32,91,869

1,32,56,401

Total

Note to the Dnlnnce Sheet

A claim to the extent of Rs. 10,000 towards the pending bills in connection with the construction of the Headquarters Building has

not boon acknowledged by the institute. The final amount, if and when admitted, will be added to the Building Account.

Assets

As at

31-3-1983

As at 31-3-1982

1,32,56,401

1.32,91,86?

Total

1,32 56,401

1,32,91,865

As por ou( report of oven date on tho Balance Short

For D.K. SENGUPTA & CO.

Chartered Accountants

D.K. SENGUPTA T.p. SUBBARAMAN K.V.SHANBHOGUE D.B.SAXENA

Secretary Vice President President

New D.Ihi August. 16, 1083

THE FNSTITUTE OF COMPANY SECRETARIES OF INDIA , NEW DELHI

Income & Expenditure Account for the Year e,;ded 21st March, 1983

Expenditure

1982-83

J 981-82

Rs.

Rs,

Rs.

To Payment to Employees

Salaries & Allowances

25,21,974

22,27,062

StafF Welt are

1,92,347

1,97,094

Employer's Contribution to Provident Fund

1,03,250

91,239

28,22,571

25.15,395

„ Postal Tuition (Direct cost) (as per Schedule'A'annexed)

10,95,799

13,06,217

,, Research

15,071

5,802

,, Printing, Statlondery & Publications

8,25,040

6,06,719

14,15,931 Printing oT Publications & Office Stationery (as per Schedule 'B' annexe) Printing of Journal (as per Schedule' C annexod) Newipapcs & Periodicals

I4,y9.985 2,503

2;462

23,27,528

20,25,112

,, Travelling & Conveyance

Travelling by Coun cil Members Travelling by others Convcyan co

1,38,771 45,280 51,957

1,43.096 50,487 48,143

2,36,008

2,41,726

„ Postage, Telegrams & Telephones

Postage & Telegrams

4,70,083

3,88,212

Telephone & Intercom Expenses

1,00,389

92.902

5.70,472 •

4,81,114

6,21,246

5,75,815 ,, Examinations „ Other Expenses

1,31,534

2,02,684 Rent, Rates & Taxes Advertisement & Publicity (include Rs. 24,293 being deferred revenue expenditure on inauguration of

Headquarters Building brought forward from previous year)

Meeting A. Promotional Expenses Repairs & Renewa's Electricity

49,631 7,414 24,679 53,43 J 12,149 21,379 7,000 7,532 23,728 88,983 24,281

Legal Froight & Cartage Audit Foe Fire, Accident & Fidelity Insurance Premium Motor Car Expenses Offtec Maintenance Office Miscellaneous

37,760 9,248 20.270 41,212 10,215 39,887 6,000 4,044 25,215 39,836 23,154

4,51,741

4,59,525

C/o

81,40,436

76,10,706

56 THE GAZETTE OF TNDIA : EXTRAORDINARY [PART I I I - S E C. 4]

INCOME

1982-83

1981-82

Rs.

By Fees & Subscriptions

From Members & Students

(as per Schedule ' F' annexed)

63,00,079

59,51,272

„ Subscriptions Allocations and Advertisements for Journal

14,31,362

15,23,714

,, Ro;olpts from Convention/Workshop in excess of direct expenses

(as per Schedule 'G' annexed)

78,984

39,972

„ Other Incomes

Sale of Publications

4,70,182

4.46,798

Interest from Banks

2,08,2S7

3,51,168

Interest on Staff Advances

2,176

280

Miscellaneous Income

11,705

11,723

Surplus on Sale/Disposal of old fixed assets

28,985

7,21,335 —

8,09,999

,, Excels of Expenditure over Income carried over to Balance Sheet

3,32,961

C/o

89,18,061

82,71,617

EXPENDITURE

1982-53

1981-82

Ri.

Rs.

B/f

.81,40,436

76,10,706

To Grant-in-AId to Regional Councils/Chapters

1,53,299

1,36,137

Regional Office Expenses

(aa per Schedule 'D' annexed)

1,11,886

1,10,156

,, Depreciation on Fixed Assets)

3.27.3R9

2,69,562

(as per Schedule 'E' annexed)

,, Student Scholarship & Award Scheme

44,157

65,602

,, Provision for Gratuity

1,00,286

36,554

Election Expenses for Central and Regional Councils

(after adjustment of Rs. 17,550 rocoivod towards nomination fees)

25,445

Hindi promotional Expenses

2,927

Loss on Sale/Disposal of old fixed assets

7,211

437

Provision for Bad & Doubtful Debts

5,025

3,795

Excoss of income over Expenditure carried over to Balance Sheet

18,668

TOTAL

89,18,061

82,71,617

INCOME

1982-83

1981-82

Rs.

89,18,061

82,71,617 B/f

89,18,061

TOTAL

82,71,617

As per our report of cvon date on the Balance Sheet

for D.K. SENGUPTA & CO,

Chartered Accountants

D.K, Sengupta

Now Delhi, August 16,1983

T.P. SUBBARAMAN K.V. SHANBHOGUE D.B. SAXENA

Saorotary Vice President President

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA. NEW DELHI

Composition of Postal Tuition Expenses for the yoar endod 31st March, 1983

.82

1981'

1982-8:

Rs..

Rs.

Opening itock as on 1-4-1982 :

4,80,717 Study Material

5,78,467

2,58,178

1,22,652 Paper

7,53,02

1,20,119 9,56,764 1.49,655 Plastic Folders

Add • Expenditure incurred during tho yoar on Study Material, Plastic Folders and

15,09,95 Others

11,49,426

21,06,190

22,62,981

Uss : Closinj Stock as on 31-3-1983

7,51,587

5,78,467 Study Material

2,58,178

71,987

Paper

1,20,119 9,56,76^

1,86,817 10,10,391

Plastic Foldors

10,95,799

13,06,217 POSTAL TUITION EXPENSES

As per our report of even d&to on the Balance Shoot.

For D.K. SENOUPTA & Co.,

Chartered Accountants

D.K. SENGUPTA

New Delhi, August 16,1983

SCHEDULE 'B'

THE INSTITUTE OF COM PAN V SECRETARIES OF INDIA, NEW DELHI

C.im'> )-,ition of Printing of P'i'Micat;ons and Offlrt Stationary Expenses for tho year ended 31st March, 1983

31-82

1982-83

191

Rs.

Opening Stock as on 1-4-1982

3,54,838

4,25,455

Publications

1,44,032

38,861

Stationery

5,74,869

5.91,328 75,999

1,27,012

Paper

Add : Consolidate! expenditure incurred during the year on paper, printing of

9,22,974

6,23,178 publications and office stationery

11,98,047

15,14,302

hiss : Closing stock as on 31-3-1983

6,00,277

4,25,455 Publications

44,743

3 8,861 Stationery

1,27,012

44,242

Papor

5,91,328

6,89,262

6,06,719

8,25,040

Printing of Publications and Office Stationery Expenses

A¹; per our report of even date on tho Balance Sheet.

For D.K. SENGUPTA & Co.,

Chartorad Accountants

D.K. SENGPTA New Delhi, August, 16, 1983

829GI783-8

<" THE GAZETTE OF INDIA : EXTRAORDINARY [PART I H ~ S E C. 4]

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA, NEW DELHI

Composition of Journal Expanses for tho year ended 3tst Kfarch, 1983

1981-82

1982-83

Rs.

Opening Stock as on 1-4-1982

49,985

71,331

Journal

3,62,651

2,55,666

63,435 1,34,766

Paper

12,48,046

15,97,897

Add: Expenditure Incurred on tho papor and printing of Journal

15,50,697

17,32,663

Less : Closing stock as on 31-3-1983

71,331

84,971

Journal

1,34,766

63,435

2,32,678

1,47,707

Papor

15,14,931

10,99,985

Direct Expanses on Printing of Journal

As per our roport of evou dato on tho Balance Shoot.

For D.K. SENGUPTA & Co.,

Chartered Accountants

(D.K. SENGUPTA)

NowDolhi, August 16,1983

SCHEDULE 'D¹

THB INSTITUTE OF COMPANY SECRETARIES OF INDIA, NEW DELHI

Composition of Regional Office Expenses during the year ended 31st March, 1983

1982-83

1981-82

Bombay Calcutta

Madras

Total

Rs.

Delhi Rs.

Rs.

R j.

Rent for Office Promises

30,000

40,500 70,500

70,500

Municipal Taxes & Maintenance

24,656

Othor Office Expenses

5,000

1,730

5,000 16,730

15,000

Total

29,656 35,000

1,730 45,500 1,11,886

1,10,156

As per our roport of even date on the Balance Sheet,

for D.K. SENGUPTA & Co.,

Chartered Accountants

D.K. SENGUPTA

SCHEDULE 'E¹

THE INSTITUTE OF COMPANY SECRETARIES JES

Schedule of Assets annexed to and forming Fart of the balance

GROSS BLOCK

ci OftQCf infion

Rate of

depreciation

Cost as on

No.

Addition

Total cost

1-4-1982 during the year

Sales/Adjust- ment during

as on

31-3-1983

the year

Rs.

1, Land (Central Offico)

58,756

—

58,756

—

32,94,720

2. Building (Central Office)

3,15,688

36,10,403

3. Building (Regional Office)

2,58,036

—

2,58,086

2* 10

45,417

—

4. Electric Fans

13,641

59,05

4,84,304

5. Furniture & Fixture*

2,62,191

21,961

7,24,53

—

6. Tcll-Tale Clocks

805

E05

7. Time Recorder Clock

—

4,600

336

340

676

8. Wall Clocks 9. Adding & Calculating Machines

—

17,135

1,640

18,775

10. Air Conditioners

35,182

13,948

49,130

11. Air Conditioning/Air Cooling Equipments

4,70,100

—

91,545

5,61,645

12. Automatic Emergency Lights

—

1,178

2,761

3,939

13. Bradma Addresser Machines

3,201

11,301

8,100 —

14. Bradma Embossing Machines

51,191

38,664

15. Bradma Printing Machines

38.664

16. Duplicators

18,799

—

18,799

17. Franking Machines

20,299

—

20,299

—

18. Hot Cases

1,870

—

19. Hot Plates

237

20. Intercom Apparatus

29,073

—

_ 21. LPG Apparatus

962

22. Photostat Machine

26,546

—

26,546

23. Refrigerator

—

6,10

24. Room Coolers

6,100 —

3,235

25. Tape Recorders

1,664

844

2,508

26. Transmformers

867

484

1,351

27. Typewriters

1,24,496

12,837

1,33,60

28. Water Coolers

20,681

7,370

3,733 —

28,051

29. Water Filter

—

255

225 —

30. Water Moter

233

31. Weighing Counter

1,424

5,801

7,225

32. Bicycles

3,066

—

1,057

2,009

33. Library

54,948

3,49,504

34. Motor Car

2,94,606 38,988

74,550

38,988

74,550

35. Cycle/Scooter Shod

33 1/2

19,993

—

19,993

TOTAL

53,43,209

9,00,518

65 789

61,77,938

Previous Year's figures

29,75,382

23,68,898

1,071

53,43,209

As per our report of evon date on the Balance Sheet

For D.K. SENGUPTA & Co.

Chartered Accountants

Now Dslhi, August 16,1983

D.K. SENGUPTA

"0 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]

OF INDIA, NEW DELHI

sheet as at 31st March, 1983

DEPRECIATION

WRITTEN DOWN VALUE

Adjustment

Total

For tho year

As on

during the year

Prior to 1-4-1982

31-3-1983

As on 31-3-1982

Rs.

Ra.

Rs.

—

58,757

58,756

88,230

1,70,593

34,39,810

32,12,352 82,368

5,544

—

41,890

r2,l 6,196

36,346

2,21,740

5,044

—

13,661

8,617

45,397

36,800

55,566

11,379

2,24,442

1,80,455

5,00,093

3,03,849

—

725

—

460

—

460

4,140

225

175

—

451

1"1

1,349

11,128

9,779

7,647

7,356

3,668

28,345

24,677

20,755

10,505

73,669

1,44,184

4,17,461

70,515

3,99,585

564

741

177

3.198

1,001

1,564

877

2,441

8,860

2,324

4,304

—

26,804

22,500

24,387

28,691

2,001

25,329

27,330

11,334

13,335

—

1,244

11,747

10,503

7,052

8,296

11,199

9,593

l,f06

9,100

10,706

...

281

1,589

201

3,053

11,773

8,720

17,300

20,353

130

226

736

866

2,089

14,709

12,620'

11,837

13,926

915

—

915

5,185

125

—

2,525

2,400

709

835

276

335

611

1.897

1,388

1.67

—

237

404

947

630

10,367

3,137

67,625

74,855

58,745

56,871

—

2,892

8,772

11,664

16,387

11,909

—

191

—

168

198

689

980

1,669

5,556

735

1,416

273

774

915

1,094

1,650

1,53,709

39,165

1,92.838

1,56,666

1,40,897

22,870

14,910

22,870

14,910

59.640

16,118

—

6,664

13,329

—

7,61,376

3,27,389

38,396

10,50,369

51,27,569

45,81,833

4,92,286

2,69,562

472

6,61,376

45,81,833

24,83.096

SCHEDULE 'F

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA NEW DELHI

Statement showing the composition of Fees and Subscription from Members and Students during the year ended 31st March, 1983.

1982-83

1981-82 Items

Rs.

From Members

Rs.

Part I :

94,912

83,689 Fellow Annual Fees

13,750

9,505

Entrance Fees

13,750

9,505

Less : 100% transferred to Capital Reserve

90,836

08,349 Associate Annual Fees

91,175

85,885

Associate Entrance Fees

85.885

91,175 Less : 100% transferred to Capital Reserve

3,450

1,825 Membership Restoration Fees

8,813

4,935

Certificate of Practice Registration Fees

4,935

8,813 Less :100% transferred to Capital Reserve

12,725

10,663 Certificate of Practice Annual Fees

2,325

1,250 List

2,04,248

1,85,776 TOTAL FEES

SCHEDULE ' F'

Part I I: From Students

2,230 Change in Examination Centre Fees

2,240

5,09,903 Exemption from Preliminary /Intermediate Final Examination Fees

4,68,995

Final Examination Fees

5,69,461

3,77,198

Intermediate Examination Fees

10,79,435

8,17,517

' 19,750 Preliminary Examination Fees

17,040

Registration Fees

8,45,186

7,77,169

Relaxation Fees

1J05

3,825

Verification of Marks Fees

12,000

4,925

Students Annual Fees

3,91,338

1,39,867

Postal Tution Fees

27,05,046

31.10,487

Library Membeship Fees

2,200

2,625

Licentiate Fees

1.185

—

TOTAL FEES 60,95,831

57,65,496

GRAND TOTAL (Part I+11)

63,00,079

59,51,272

As per our report of even date on the Balance Sheet.

ForD.K. SENGUPTA & CO.,

Chartered Accountants

D.K. SENGUPTA

New Delhi August 16, 1983

62 THE GAZETTE OF INDIA : EXTRAORDINARY [PART TIT—SEC. 41

SCHEDULE 'Q'

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA NEW DELHI Composition of Injonrj from Convention/Workshop held during the year ended 31st March, 1983.

2-83

198:

198 us;

R.s

Rs.

Delegate Fees

Convention

2,37,200

2.8O.5SS Sydney Convention

6,58,501

Workshop

11,755

Contribution

Convention

—

27,500

Advertisement to Souvenir

XI Convention

37,600

9,33,301

60,230

3,80,123

Less : Direct Expenses

Convention

2,25,834

2,91,634

Sydney Convention

6,67,495

Workshop

8,93,329

9,505

3,01,139

Receipt in excess of Direct Expenses

39,972

78,984

As per our report of even date on the Balance Sheet. "1

For D.K, SENGUPTA & CO,, ( f Chartered Accountants J D.K. SENGUPTA

Now Delhi, August 16, 1983

SCHEDULE -H THE INSTITUTE OF COMPANY SECRETARIt-S OF INDIA NEW DELHT

Composition of Building Reserve Fund as at 31st March, 1983

1982-83

1981-8

Rs.

1. As on 1-4-1982

31,35,263

63,14,544 (i) in earmarked Fixed Deposits "] (il) in Building Advance }• j (Hi) in Building

2. Interest on earmarked Fixed Deposits

1,98,795

1,74,195

33,34,058 8,77,333

Less : Transferred to General Reserve

64,88,739 33,53,476

24,56,725

TOTAL

31,35,263

As per our report of oven date on the Balance Sheet.

For D.K. SENOUPTA & Co., Chartered Accountants

D.K. SENGUPTA

New Delhi. August 16, 1983

SCHEDULE T

THE INSTITUTE OF COMPANY SECRETARIES OP INDIA NEW DELHI Composition of Cash and Bank Balances as at 31-3-1983

1982- 83

1981-82

Rs.

(a) Cash and cheques in hand

1,08,943

68,636

(b) Postage stamps in hand

21,195

17,499

Syndicate Bank

500

R.K. Puram New Delhi Fort, Bombay Clive Row, Calcutta Mount Road, Madras

5.402 77,968 6,9149 31.678

Punjab National Bank

—

Naoroji Nagar, New Delhi Naoroii Nagar, New Delhi (Building A/c)

14,851 3,766

South Extension, New Delhi

35.R99

Canara Bonk

Green Park Extension, N. Delhi

2,24,299

2.54.U4

Golf Links Branch, New Delhi

14,746

(d) With banks in short-term fixed deposits :

Syndicate Bank

—

28,50,000 3,00,0000 R.K. Puram, New Delhi Karol Bagh, New Delhi Indian Bank

Chandni Chowk, Delhi

2,00,000

Punjab National Bank

Naoroji Nagar. New Delhi

5,000

16,05,000

Canara Bank

Connaught Circus, New Delhi

1.00,000

BankofBaroda

Safdarjang Enclave, New Dolhi

5,50,000

Canara Bank

Green Park Extension, New Delhi

1,00,000

: :0.85,706"l 9.29494* J

Indian Ovcrstas Bank

Golf Links New Delhi

2,00,000 :

T"toi-pQt Ac^tued

2,56,836

TOTAL

Ra. ; 57,94.479

65,33,598

•Deposits to the tune of Rs.29,29,294 as on 1-4-1982 itemised above have been earmarked against Building Reserve.

As per our report of even date on the Balance Sheet.

ForD.K. SENGUPTA & CO..

Chartered Accountants

D.VL SENGUPTA

New Delhi August 16,1983

64 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-^SEC. 4]

SCHEDULE \T

THH INSTITUTE OF COMPANY SECRETARIES OF INDIA NEW DELHI

Composition of Closing Stock of Paper as at 31st March, 1983

1. As per Schedule 'A¹

Rs. 71,987

Rs. 2,58,178 (Postal Tuition Expensscsi

2. As per Schedule 'B'

44,242

1,27,012 (Printing of Publications & Office Stationery)

3. As per Schedule 'C

1,47,707

63,435 (Printing of Journal)

TOTAL

2,63,936

4.48,625

As per our report of even date on the Balance Sheet.

For D.K. SENGUPTA & CO., Chartered Accountants D.K. SENGUPTA

New Delhi August 16, 1983

SCHEDULE kK'

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA NEW DELHI

imposition of advances receivable in cash or kind or valu to be received (unsecured und considered good)

                                                                                                   1982-83               1981-82
                                                                                                     Rs,                   Rs.
 Advances
      Employees                                                                                    2,23,805                35,048
      Examination  Centres                                                                            1.775                14,565
      Landlord for Purchase of Generator                                                             3,500
      (Regional Office,  Calcutta!
      Building                                                                                          318               1,34,28
      Convention/Workshop                                                                             1,665                29,71
      Suppliers (on  account)                                                                                              40,62
Prepaid  Expenses
      Insurance Premium                                                                               8,110                 4,44
      Rent, Rates & Taxes                                                                             3,450                  1,50
     Repairs & Renewals                                                                               7,130                  4,62
     Staff  Welfare                                                                                   5,902                  4,45
     Telephone                                                                                       2,071                     2,
                                                                                                     5,875                  2,500
     Regional  Offices
      Legal                                                                                                                 3,750
     Journal                                                                                          2,550
      Intercom                                                                                         374
Sundry Deposits
                                                                                                    14,435                14,435
     Landlords of Regional Offico  Premises
                                                                                                     2,000                2,000
     G.P.O.  Parliament Snoot, New Delhi
                                                                                                       530                   530
     LPG  Cylinder/Regulator
                                                                                                    28,500                28,500
     D.E.S.U.,  New  Delhi
                                                                                                    10,440                10,440
     Municipal Taxes & Maintenance Deposit (Regional Office, Bombay)
                                                                                                       126
     M/s. Pure Drinks
                                                                                                      3,000
     Post Office,  Indraparastha  Estate, New Delhi
                                                        TOTAL                                     83,25,736             3,34.085

Signature to Schedules V

As per our report of oven date on the Balance S

For D.K. SENGUPTA & CO., Chartered Accountants D.K. SENGUPTA

T.P. Subbaraman K. V. Shaiibhongue D.B. Saxena Secretary Vice President President Now Delhi August 16, 1983

PJMNTED BY THE MANAGE*. GOVr. OF INDIA PRESS, JUNO ROAD, NEW DELHI-110064

AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054, 1 9 83

A. 1977-78 2305(86-33) 368(13.77) 2673(100) 6(26.09) 17(73.91) 23(100) 1978-79 2505(85.g5) 413(14.15) 2918(100) 9.16 15(57.69) 11(42.31) 26(100) 0,89 1979-80 2818(84.70) 509(15.30) 3327(100) 39(72.22) 15(27.78) 14.01 54(100) 1.62 3002(81.82) 1980-31 667(18.18) 3669(100) 31(67.39) 15(32.61) 10.21 46(100) 1.25 3286(80,24) 1981-82 4095(100) 809(19.76) 47(82.45) 10(17,55) 11.67 57(100) 1.39 3563(80.10) 1982-33 4448(100) 48(81.35) 11(18.65) 885(19.90) 8.62 59(100) 1.33 B. Absolute chango over 1977-78 to 1982-83 1258(70.87) 51,7(29.13) 1775(100) Percentage change 1977-78 to 1982-83 54.58 140.49 700.00 6 6.40 156,52 Average Annual Growth Rate 13.28 10.91 28.09 31.30 E. Compound Annual Gorwth Rate 10.59 9.03 18.88 51.60 20.74 Notes Figures in brackets are in percentage C.P.™ Certificate of Practice Holders, APPENDIX 'D' Table of Growth of Members Holding Certificate of Practice Issued during the year Rouewed during Coiicelled the year during the year Si. Yoar No. Net increase during the year Total number of inemebrs holding certificate of practice as on 31st March 3 4 1 2 5 6 Issue of certificate of practlco commonced in April, 1979 Nil 17 03 1. 1978-79 2. 1979-80 3. 1980-81 4. 1981-82 5. 1982-83 252 100 215 60 314 90 360 1 79 34 56 232 315 394 450 93.96 (1) Average change over 1979-80 to 1982-83 (2) Pracentage chango over 1979-80 to 1982-83 (3) Average annual jjorwth rate (%) (4) Compound annual growth rate (%) 31.32 24.80 Prior to Apcil 1979, certracato ot practice was not issued to any member, since the information of certificate of practice holdors is available for four years only rate of growth of membors holding certificate is calculated for three years. ↩
A 2 A 6,804.2 46',.8 1977-78 7,266.0 93.64 13.96 7,754.4 721.8 • 978-79 56.30 5,476.2 91.48 9,252.3 19.32 904.2 1979-80 25.27 10,156.5 91.10 22.06 ' 11,292.9 1 946.1"! 1 4.63 1980-81, 12,239.0 92.27 11.599.5 2.71 1981-82 132S1.9 87.27 11,640.0 0.35 1 3 (—)4.49 J982-83 13,256.4 87.81 Absolute change (1977-78 to 1982-83) 4,835.8 1154.6 5,990.4 71.07 250.2 Percentage change (1977-78 to 1982-83) 82.44 14.21 50.00 Average Annual Growth Rate (%) 16.49 28.47 Compound Annual Growth Rate (%) 12.78 1. Surplus sot reduced to Rs. 1,8,668 for the yair 1981-82 ^compared to Rs. 9,65,315 during 1980-81. In 1982-83, there ww a deficit of Rs. 3,32,961/-. 2. Delegate Fees of Rs. 5,06,975 for Sydney Congress received in advance- 3. New itoms of students registration ftes for unexpired services—Rs, 2,31,915 and Provision for BuiHing, Air-conditijuine & Air-cooling R;. 2,22,740 as on 31-3T1983. ↩
August 16,1983 ↩