Page 3 - Newsletter

CS Chandra B, Practising Company Both the speakers then answered various
Secretary spoke on the Regulations notified questions posed by the participants.
for incorporation of Companies & Removal
of names of Companies from the Register of CS Nagendra D Rao, Past Chairman, The
Companies (Section 248 to Sec 252) ICSI-SIRC proposed vote of thanks.
explained the gathering about the sections
governing incorporation and other MEETING ON SIMPLIFICATION OF THE
connected matters. She then compared PROCEDURES UNDER COMPANIES
2013 act with1956 act with respect to ACT, 2013
changes made therein and so as to provide
clear insight speaker elucidated recent case The ICSI-SIRC organized meeting on
law namely the Salim Akbarali Nanji and "Simplification of the procedures under
Ors. vs Union Of India (Uoi) And Ors Companies Act 2013” on Wednesday, the
Bombay High Court. 25 th January 2017 at ICSI-SIRC House,
Chennai.
Mrs Chandra also gave a vivid picture as of
how to fill up the SPICe form showed a filled The meeting was presided by CS Ganapathi
up screen shot of the form and at the same G M, Chairman, ICSI-SIRC, CS Mohan
time expounded about the salient features Kumar A, Secretary, ICSI-SIRC, CS
of SPICe – or Simplied Proforma for Ramasubramaniam C, Council Member,
Incorporating Companies Electronically – The ICSI, Mrs. Sarah Arokiaswamy, Joint
which simples which simplifies the company Secretary, ICSI-SIRO.
incorporation process through a new online
application form, INC-32, in addition to CS Prakash R, DGM-Legal, Company
online application forms for Memorandum of Secretary & Compliance Officer, HC
Association (form INC-33) and Articles of Kothari Group of Companies, Chennai
Association (INC-34) and mentioned that and CS Balu Sridhar, Practising
apart from simplifying the procedure (as Company Secretary, Chennai led the
compared to the earlier e-form INC-29), one deliberations.
can also fill a pre-drafted Memorandum and
Article of Association online. The Speaker The meeting concluded with formal vote
also clarified that while doing so necessary of thanks.
care must be taken whether the articles
TH
includes some sections which require PROCEEDINGS FOR 68 REPUBLIC
specific sanction in the articles such as the DAY AT ICSI-SIRC ON 26.01.2017
enabling provision for issue of preference
th
shares, Buy Back of shares, Providing for On 26 January 2017 ICSI-SIRC
th
the same person to be Chairman & CEO if it Celebrated 68 Republic day by hoisting
is required, Power for a director to appoint our National Flag at ICSI-SIRC House,
an alternate director and so on. The Chennai.
speaker then briefed about the removal of The programme was presided by CS
names from the Register of Companies and Ganapathi G M, Chairman, ICSI-SIRC, CS
the effect thereof. Mohan Kumar A, Secretary, ICSI-SIRC,

7

SIRC eNewsletter/January 2017