CS Results to be declared on 25th June 2014

RESULT OF COMPANY SECRETARIES EXAMINATIONS JUNE, 2014
 
PROFESSIONAL PROGRAMME
The result of CS Professional Programme Examination (Old and New Syllabus) held in June, 2014 will be declared on Monday, the 25th August, 2014 at 11.00 A.M. The result along with candidates’ individual subject-wise break-up of marks will be available on the Institute’s website: www.icsi.edu on declaration of the result.
The Result-cum-Marks Statement of Professional Programme Examination will be dispatched to the candidates immediately after declaration of the result. In case the physical copy of Result-cum-Marks Statement is not received by any candidate within 30 days of declaration of result, such candidate may contact the Institute at: exam@icsi.edu along with his/her particulars.
 
EXECUTIVE PROGRAMME
The result of CS Executive Programme Examination (Old and New Syllabus) held in June, 2014 will be declared on Monday, the 25th August, 2014 at 02.00 P.M. The result along with candidates’ individual subject-wise break-up of marks will be available on the Institute’s website: www.icsi.edu on declaration of the result.
Formal e-Result-cum-Marks Statement of Executive Programme Examination will be uploaded on the website of the Institute: www.icsi.edu for downloading by candidates for their reference, use and records. However, no physical copy of Result-cum-Marks Statement will be issued.
 
Note: The students may also get their result through e-mail by registering themselves in advance for the purpose on the Institute’s website: www.icsi.edu.
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FAQs for CS students for December 2014 Exams

Frequently Asked Questions on Applicability of Companies Act, 1956 and Companies Act, 2013 for December 2014 Examination
 
Question 1 : Please guide on the applicability of Companies Act, 2013 for December 2014 examination?
Answer:
The question papers on the subjects of Foundation (New Syllabus), Executive and Professional Programme (Old and New Syllabus) shall carry questions from the notified sections of the Companies Act, 2013 and rules made thereunder . In respect of sections of the Companies Act, 2013 which have not been notified, applicable sections of Companies Act, 1956 and rules made thereunder will continue to apply.
 
Question 2: Which provisions of the Companies Act 2013 are applicable for December 2014 Examination?
Answer:
The provisions of the Companies Act, 2013 and the rules made thereunder shall be applicable for the Foundation, Executive and Professional Examinations of December, 2014 to the extent these provisions have come into force by 30th June, 2014. This means that the sections of the Companies Act, 2013 as listed in A and the Rules as listed in B below shall be applicable for December 2014 Examinations as these have come into force by 30th June, 2014.
A. Sections of the Companies Act, 2013 which have come into force by 30th June, 2014 and applicable for December 2014 Examinations:
Section 2 Clauses (1) to (28), (29)[ except sub-clause (iv) ] , (30) to (40) , (41) [except first proviso], (42) to (66), (67)[except sub-clause (ix) , (68) to (95);

Industry or Practise ??

WHETHER TO GO FOR PRACTICE OR INDUSTRY

Every one of us will become CA today or tomorrow and after becoming CA the question which popup in our mind is "Whether to go for Practice or Industry?" 

This article will help you to provide answer to the above question.

If we think about the demand aspect there is more demand of CAs in practice then in industry and most of us are well aware of this fact but don’t want to go for practice why? As per my opinion below are the reasons:

1.       Not having good networking

2.       Not having enough money

3.       Not having good knowledge or communication skill

4.       Not having enough confidence or fear of failure

5.       Don’t know how to go in practice or what are the compliances we need to obey

6.       Getting very good job somewhere else in industry

7.       Joining family business

8.       Whether to start proprietorship or partnership

If we talk about the favorable aspects of going into practice then it could be below:

1.       You, yourself is the boss

2.       You can freely make decisions to improve your Business / Profession

3.       All the return from the Business / Profession belongs to you

4.       In long term your business will grow up thus it will provide you very good returns then provided by an Industry

5.       You can spare the time for your family and friends

6.       There are little number of CA who is in practice so you will always be in demand

7.       You can train the article trainee's (No dummy pls)

8.       Finally no tension of applying for leave etc

Even after having lot of benefits being into practice members are not willing to go for it because members are not properly motivated by ICAI. We generally see big statements from ICAI that go in practice but never got the answers to the points mentioned above in first para.

Really speaking if CA institute can do something to help us on above points then it could be a big help. For the same my suggestions to the CA institute are:

Organize the free seminar to let the members know the real & practical benefits of going into practice

Tie up with various banks to provide the financial assistance to the members wants to go in Practice

Built a professional park like we have IT parks (One of the best suggestion I can thought about)

Deep scrutiny into the operations of big firms or medium size firms to check how far they complying with the Professional Ethics provided by the CA institute.

Organize free seminars to build the confidence among members and improve their communication skills

Provide them the practical solutions to the practical problems for being into practice

CA CS Prakash Somani

WHETHER HINDU UNDIVIDED FAMILY (HUF)/ITS KARTA CAN BECOME PARTNER/DESIGNATED PARTNER (DP) IN LIMITED LIABILITY PARTNERSHIP (LLP)

SECTION 5 OF THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 - PARTNERS - WHETHER HINDU UNDIVIDED FAMILY (HUF)/ITS KARTA CAN BECOME PARTNER/DESIGNATED PARTNER (DP) IN LIMITED LIABILITY PARTNERSHIP (LLP)

GENERAL CIRCULAR NO. 13/2013 [F.NO. 1/13/2012-CL-V], DATED 29-7-2013

It has come to the notice of the Ministry that some Hindu Undivided Families (HUFs)/Kartas of such families are applying to become partner/ Designated partner (DP) in LLPs and a question has arisen whether a 'HUF' or a karta can be allowed to do so. The matter has been examined in consultation with Ministry of Law.

2. As per section 5 of LLP Act, 2008 only an individual or body corporate may be a partner in a Limited Liability Partnership. A HUF cannot be treated as a body corporate for the purposes of LLP Act, 2008. Therefore, a HUF or its karta can not become designated partner in LLP.

3. This issues with the approval of Secretary, MCA