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ICSI - CS Executive Programme

ICSI has come up with many changes in examination procedure and eligibility criteria. With the introduction of new regulations, a number of processes / guidelines have changed pursuant to issue of company secretaries (amendment) regulations, 2020

Eligibility for CS executive registration

The candidates who wish to get enrolled for CS Executive programme must qualify the followings:

Candidate has passed Senior Secondary Examination (10+2 system) conducted by an examining body constituted by law in India or an examination recognized by the Central Government or State Government or equivalent thereto for the purposes of admission to Bachelor’s degree course;

AND

Candidate has passed Company Secretary Executive Entrance Test (CSEET) conducted by the Institute. The date of result of CSEET should not be older than one year prior to the date of such registration

CS Executive Fees Structure
There has been revision on the fee structure of CS executive Programme which goes as mentioned:

CSEET passed: Rs. 10600
CS Foundation passed: Rs. 10600
ICAI Final passed: Rs. 15600
ICMAI Final passed: Rs. 15600

CS Executive Syllabus
The syllabus of CS executive as per old course comprises of two modules which contain the
following subjects:

Module I
i. Company Law
ii. Cost and Management Accounting
iii. Economic and Commercial Laws
iv. Tax Laws and Practice

Module II
i. Company Accounts and Auditing Practices
ii. Capital Markets and Securities Laws
iii. Industrial, Labour and General Laws

CS Executive New Syllabus

ICSI Institute has introduced new syllabus for the students of CS executive programme that is effective from 1 st March, 2018. It consists of CS executive group 1 and CS executive group 2. Each group has 4 papers. The CS Executive Subjects as per new syllabus are:

Group-I
i. Jurisprudence, Interpretation & General Laws
ii. Company Law
iii. Setting Up Of Business Entities and Closure
iv. Tax Laws

Group- II
i. Corporate & Management Accounting
ii. Securities Laws & Capital Markets
iii. Economic, Business and Commercial Laws
iv. Financial and Strategic Management

CS Executive Examination
Student can enroll for examination and fill the CS executive Exam Form through using online
services at the institute site. The last date of the submission of the form is 25 th March.
Information about uploading of CS Executive Admit Card shall be informed by the ICSI.
However as per cut off dates released by ICSI, the date of CS Executive Result shall be
25.08.2020.

CS Executive June Timetable
In view of the extended lockdown announced by Government of India and prevailing situation due to COVID 19, the June, 2020 examinations has been postponed and revised dates of examinations have been postponed and revised
dates of examinations have been issued by ICSI which shall begin from 6 th of July, 2020. The
revised time table is:

Alteration in Capital clause

Section 61 of the Companies Act, 2013 provides that a limited company having a share capital may, by passing an ordinary resolution in a general meeting, alter the capital clause of its memorandum; provided authority to alter is given to it by its articles of association. A notice of alteration is required to be filed with the ROC in Form No. SH.7 within 30 days.

How Capital clause is altered?

Section 61(1) provides that Capital Clause can be altered in any of the following ways :-

(a) By increasing its authorized share capital by such amount as the company requires;

(b) By consolidating existing shares into shares of larger denomination;

(c) By converting fully – paid shares into stock or vice – versa;

(d) By sub-dividing its existing shares into shares of smaller denomination; and

(e) By cancelling shares which have not been taken up or agreed to be taken up and diminishing the amount of its share capital by the amount of the shares cancelled.

Such cancellation is known as diminution of share capital and shall not, however, be deemed as reduction of share capital within the meaning of Sec. 66.

However no consolidation and division which results in changes in the voting percentage of shareholders shall take effect, it is approved by the NCLT on an application made in the prescribed manner.

MCQ Of the day

Notice of Alteration of capital to be filled with ROC in which form?

(a) SH1

(b) SH2

(c) SH5

(d) SH7

Answer - D

CSEET - Company Secretary Executive Entrance Test

Introduction of CS Executive Entrance Test (CSEET) With the amendment in Company Secretaries regulation, 2020, new entrance method has been introduced for the students who wish to join the CS course and make their career as a Company Secretary. This is the only qualifying entrance test for CS Executive programme and with this
the Foundation programme has been discontinued with effect from 3 rd of February, 2020. Objective of Introducing CS Executive Entrance Test (CSEET)

Enhancing quality of future members is the objective of ICSI for Vision 2022 and in line with this CSEET ICSI has introduced with the following objectives:

• To have diverse academic standards of students seeking admission in the Company
  Secretaryship Course
• To attract meritorious students
• To test their aptitude for the Company Secretary Profession
• CSEET about Its Eligibility and Pattern
• Clearing CSEET is made mandatory for every candidate who wishes to join the CS course and

Registration for Executive programme and CSEET admission is available to:

• A candidate passed / appearing in the Senior Secondary (10+2) Examination or
• equivalent thereto is eligible to appear in the CSEET.
• All Graduates/ Post Graduates who were hitherto eligible for registration directly to CS
• Executive Programme, are also required to pass the CSEET to become eligible for
  registration to Executive Programme.

However exemptions are provided to CS Foundation pass candidates, Final Examination passed candidates of The Institute of Chartered Accountant of India/The Cost Accountant of India. CSEET test is a Computer based Test of 120 Minutes (Objective type/Multiple choice) which includes:

I. Business Communication
II. Legal Aptitude & Logical Reasoning
III. Economic and Business environment &
IV. Current Affairs

AND

Viva Voce of 15 Minutes on “Presentation and Communication Skills”

CSEET subjects

The subjects include the following along with a Viva Voce of 15 Minutes to be conducted through online mode right after finishing the Computer based Test.
I. Business Communication
II. Legal Aptitude & Logical Reasoning
III. Economic and Business environment &
IV. Current Affairs

Registrations and conducting of CSEET Examinations

ICSI has made announcements with regard to cseet registration and fess, the period and the amount which a candidate is required to follow for getting registered for CSEET that will be held on quarterly basis.
Month of CSEET Period During which candidates can register for CSEET

CSEET exam dates shall fall as per following

May 16th December to 15th April Saturday/ Sunday in 2nd /3rd Week of May

July 16th April to 15th June Saturday/ Sunday in 2nd /3rd Week of July

November 16th June to 15 th October Saturday/ Sunday in 2nd /3rd Week of November

January 16th October to 15th December Saturday/ Sunday in 2nd /3rd Week of January

The Registration Fees for candidates appearing in CSEET is Rs. 1,000/- (Rupees One Thousand Only) per student for per sitting.

However concessions are provide on certain grounds, the details of which are available at the ICSI website.

CSEET syllabus
The complete syllabus of CSEET is divided into:

• Paper I: Business Communication
  It includes topics:
  Essentials of Good EnglishCommunication
  Business Correspondence
  Common Business Terminologies

• Paper II: Legal Aptitude and Logical Reasoning It includes topics:
• Indian Constitution
  Elements of General Laws (Indian Contract Act and Law of Torts)
  Elements of Company Secretaries Legislation
  Elements of Company Law
  Legal Reasoning
  Logical Reasoning
  Verbal Reasoning
  Non-Verbal Reasoning

• Paper III: Economic & Business Environment It includes topics:
• Basics of Demand and Supply and Forms of Market Competition
  National Income Accounting and Related Concepts
  Indian Union Budget
  Indian Financial Markets
  Indian Economy & Entrepreneurship Scenario
  Business Environment
  Key Government Institutions

• Paper IV: Current Affairs, Presentation and Communication Skills (Viva Voce) It will be including questions related to current affairs and viva voce on listening, writing and oral communication skills.

CSEET course details can also be explored by the candidates at ICSI website and they can process for the registration at https://smash.icsi.in/Scripts/CSEET/Instructions_CSEET.aspx CSEET study material Candidates who are preparing for the CSEET can go through followings:

• CSEET e-bulletins issued by ICSI for every month at the website
• Online schedule classes are available at the website
• Reference reading materials
• Mock tests

Summary: ICSI has come up with some major changes in the CS course and CS Executive Entrance Test (CSEET) is being introduced which will be a mandatory qualifying test for all categories of students for registration to Executive Programme. The CSEET shall be an online Computer- based Test comprising of MCQs from subjects of Business Communication, Legal Aptitude and Logical Reasoning, Economic & Business Environment and Current Affairs with audio clips, video clips, and descriptive questions.

Everything About CS - Company Secretary Course 

CS course: Transforming students into modern corporate professionals

CS course is a professional course propound by Institute of Company Secretaries of India, a statutory body formed under an Act of Parliament with a mission “to develop high caliber professionals facilitating good corporate governance”

Now, before having an outlook about the qualifications, eligibility criteria, stages and examinations, it is necessary to know the functions of a Company Secretary and its employment opportunities.

Functions

• A compliance officer
• Corporate, company law and other law expert
• Corporate planner and strategic manager
• Key managerial personnel of company
• Important link between company and its Board of Directors, Shareholders, government and other statutory bodies.

Employment opportunities

After being a qualified Company Secretary, there are two employment opportunities:

• Company Secretary in Employment
• Self employment i.e Employment in Practice

Stages of Company secretary course

1. CS Executive Entrance Test (CSEET) (Earlier Foundation programme)
2. Executive Programme

• Professional Programme

1. Pre- Membership Training -24 Months (Earlier 16 months)

This is a distance learning/correspondence course which can be pursued with optional class room teaching. A student can register himself or through counselors on www.icsi.edu as admissions are open throughout the year.

Eligibility Criteria for different stages

CSEET:

• A candidate passed / appearing in the senior secondary (10+2) examination or equivalent thereto.
• All graduates/ post graduates, who were eligible for registration directly to CS Executive Programme, are also required to pass the CSEET to become eligible for registration to Executive Programme.

However exemptions are provide to those candidates who have passed Foundation Examination or Final Examination of The Institute of Chartered Accountants of India (ICAI) and/or the Institute of Cost Accountants of India (ICMAI)

 Executive Programme

Candidate has passed senior secondary examination (10+2) or an examination recognized by the Central Government or State Government or equivalent thereto that is necessary for of admission to bachelor’s degree course;

AND

Candidate has passed Company Secretary Executive Entrance Test (CSEET) conducted by the Institute and as on the date of registration the result of the CSEET shall not be older than one year.

Professional Programme

A candidate must have registered himself as a student for the Professional Programme at least nine calendar months prior to the month in which the examination commences.

Fees Structure

The Fees Structure for registration at various stages of the CS course is as under:

• For appearing in CSEET is Rs. 1,000/- per appearance by a candidate.
• For registration to Executive Programme Rs 10,600/- (CSEET and CS foundation passed) and Rs 15600/-(ICAI Final and ICMAI Final passed)
• For registration to Professional programme after passing CS Executive programme is Rs. 13000/-.

However concession in CSEET Registration fees is applicable to various students as per norms of the Institute.

Paper or the course subjects

The paper or the course of each stage are divided in various modules and are available at the site of ICSI.

Examination

• The CS examinations are conducted twice in a year. In the month of June and December
• A student is required to pay the examination fees for different programmes as fixed by the institute for each appearing modules.
• The medium of examination is both English and Hindi
• A student is declared pass on securing 40% marks in each paper and 50% marks in the aggregate.

Chapter and Regional councils

For providing service to members and the students the institute has constituted different regional councils and chapters in different states of the country. Student can contact these centers in case of any clarifications or information with regard to any matter concerning CS course.