Role of Company Secretary in Capital Market

http://www.kcctutorials.com/role-company-secretary-capital-market/

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Difference between One Person Company and Wholly Owned Subsidiary Company

As per Section 2(62) of the Act, OPC means a company having only one person

as a member. Such member must be a natural person so it means only an individual can become a member in OPC. On the other side , wholly owned subsidiary company (WOS) is a company in which virtually entire capital is held by a company called holding company and to fulfill the requirement of minimum number of members, at least 1 share is held by nominee appointed by the holding company. So in context of capital it is somewhat similar to One Person Company, because in OPC entire capital is held by its sole member and likewise in ‘Wholly Owned Subsidiary Company’ virtually entire capital is held by one  member i.e holding company  and other member/s is/are given one share each to fulfill requirement of minimum number of members.

                   OPC can be incorporated by only an Individual who is a resident in India. It means that such member may not be the resident after the incorporation of the company. But in case of WOS , member may be individual or non-individual. So even a company may become member in case of WOS.

                In my opinion WOS should have been allowed to be registered as OPC but law makers seem to have given the benefit of OPC only to small enterpreneurs. 

            OPC must be a small company, so it means its paid up capital must not exceed Rs. 50 lacs and average Turnover not to be more than Rs. 2 crore during the last three years. But WOS is not bound by this requirement.

      OPC must be a private company, but WOS may be a private as well as public company. 

        Member of OPC is required to appoint a nominee so in case any unwarranted even , nominee may become member. Member in case of WOS company is not required to appoint nominee.

                

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CS Executive & Professional Program December, 2016 Exams Timetable

ICSI has issued details about dates of Company Secretary Exams to be held in December, 2016. Exams to be held from 2 pm to 5 pm on the specified dates.

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CS Foundation December, 2016 Timetable

ICSI has issued timetable for December, 2016 Exams for CS Foundation, Executive and Professional Program Students. Following is the details of CS Foundation December, 2016 Exams Timetable

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Minimum Stipend to Students During Training

Minimum Stipend to CS Students during training is revised on 1.4.16, so below is the details issued by ICSI about minimum stipend to CS Students during Training.

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Latest Study Material for CS December, 2016 and June, 2017 Exams

Latest CS Study Material for Students appearing in December, 2016 & June, 2017 Exams
https://www.icsi.edu/AcademicCorner/StudyMaterialJuly2015.aspx

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Applicability of Previous Year for December, 2016 and June, 2017 Exams

Applicable "Previous Year" and "Assessment Year" for Students appearing in December, 2016 & June, 2017 Exams

December, 2016 Exams - Previous Year - 2015-16, A/Y - 2016-17
June, 2017 Exams - Previous Year - 2016-17, A/Y - 2017-18

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Last Dates for CS Foundation, Executive and Professional Registration for December, 2016 and June, 2017

Last Date for Registration of CS Foundation, Executive & Professional for appearing in June, 2017 Exams
- For CS Foundation - 30th September, 2016
- For CS Executive - Both Modules  - 31st August, 2016
- For CS Executive - Single Module  - 30th November,2016
- For CS Professional - All Modules  - 31st August, 2016
- For CS Professional - Single Module - 30th November, 2016
Note - All Due Dates for appearing in December, 2016 have expired. There is no extension with late fee.

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CS Executive & Professional Course Results

CS FOUNDATION, EXECUTIVE & Professional Exams were conducted in June, 2016, Result of CS Foundation has already been declared in June but students of CS Executive and Professional Programme will have to wait for one more month till 25 th August. Since results for CS Executive and Professional Exams conducted in December are declared on 25th February and of June Exams are declared on 25th August.

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CS Foundation, Executive & Professional Fee and Registration Dates for appearing in June, 2017 Exams

CS Executive Registration
- Last Date -31st August, 2016 for June, 2017 Exams(Both Modules)
- Registration Fee
# Foundation Passed Students - Rs. 8,500/
# Commerce Graduates - Rs. 9,000/
# CA CPT/ CMA Foundation Passed Students - Rs. 12,500/
# Others - Rs. 10,000/

CS Foundation Registration
- Last Date - 30th September, 2016 for June, 2017
- Registration Fee - Rs. 4,500/

CS Professional Registration
- Last Date - 31st August ,2016 for June, 2017 (All Modules)
- Last Date - 30th November, 2016 for June, 2017 (One Module)
- Registration Fee - Rs. 12,000/

----------------KCC is an oldest & leading Coaching Institute in Ludhiana providing coaching to students of all streams of CS Course. Its depth lies in its highly qualified faculty. ----------- 

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