Companies act 71 of 2008 department of justice and. The prospectus must contain comparative consolidated financial statements of the company, or if the company is a holding company, of the group, that cover the latest two financial years or such shorter period that the company has been in operation. For csfoundation programme prospectus can be attained through cash payment of. A corporate charter simply referred to as charter or articles of incorporation is a written document filed with a u. Part ii incorporation of companies and matters incidental thereto memorandum of association 4. Part 3 directors, company secretary, registered and head office and. Prospectus withdrawal you have asked what do we have to do to withdraw the prospectus our whollyowned subsidiary ergl has issued ie, lodged with asic and have invited public applications now that the board has made the decision to accept a takeover offer for.
Basic financial terms will also be explored and their relevance to you, your team and your department explained. The draft red herring prospectus will be updated upon filing with the roc. Hi fellow law students, here i am sharing lecture notes in ebook format pdf for the subject company law for llb and ba. The company was incorporated as a public company on under the laws of myanmar, having its registered address at, yangon, myanmar. Juristic person or partnership may be appointed company secretary 88. Role of a company secretary a company secretary is. Sample of form model prospectus abc company limited. These documents describe about mutual funds, bonds, stocks and other forms of investments offered by the company. Legal formation of the company a company incorporated as state owned enterprise on 28 january 2004 by a presidential decree under the companies act, no 1096, registered as public company on the 9th february 2006. Information to be stated in the prospectus of a company. Prospectus icsb institute of chartered secretaries of. A prospectus is a formal legal document that is required by and filed with the securities and exchange commission that provides details about an investment offering for sale to the.
So if you want to become cs, you should complete these 3 stages. Cipc public offering of company securities prospectus. Jersey has been at the forefront of the global finance industry for over 50 years and is acknowledged as one of the worlds leading international finance centres for banking, investment funds, capital markets and private wealth. The company microsoft designs, develops, markets, and supports a product line of systems and applications. Company secretary course details june 2020 how to become cs. Company secretary appointment, duties, rights, liabilities. A red herring prospectus is a document which is submitted by an issuer company who intents to have public offerings of securities i. However, a private company which has converted itself into a public company may issue a prospectus to offer shares to the public. Icsi membership is considered as the standalone benchmark. But when a private company converts from private to public company, it must have to either file a prospectus if earlier issued or it has to file a statement in lieu of prospectus. Sanjeev kumar singh, asst professor, mba department, vviet, mysuru. This prospectus has been prepared to comply with the securities. The company can each be contacted by writing to the company secretary, isca administration services limited at suite 8, bridge house. You will be tutored on the company standards for financial reporting in order that you can effectively communicate and drive business results.
The securities new shares being offered pursuant to the offer for subscription by the company contained in the prospectus offer are ordinary shares of 1p each isin. Company financial standards but, who do not necessarily have a financial background. A private company is prohibited from inviting the public to subscribe to their shares and thus cannot issue a prospectus. Company prospectus is released by company to inform the public and investors of the various securities that are available. Icsi cs executive entrance test cseet draft syllabus. All about company secretary cs courses, subjects, eligibility. According to company act to sign documents and proceedings requiring authentication by the company. This information is intended to provide a general overview of the contents of prospectuses and an explanation about the more important information contained in a prospectus. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities.
In essence, company secretary has the primary duty of ensuring. A prospectus is a document drafted by the company which sets out the details of the investment offering of sharessecurities for sale to the public. Companies act arrangement of sections part i preliminary section 1. How to read a prospectus missouri secretary of state. The incorporation of the company was initiated by its group company in connection with the restructuring of the group business by transferring certain assets associated with the company business lines. Company secretary and compliance officer of our company, jagannadha. Secretaries act 2010 and chartered secretaries regulations. Resignation or removal of company secretary part c auditors 90. No person named in this prospectus, nor any other person guarantees the performance of the company or the repayment of capital or any return on investment made pursuant to this prospectus. Company secretary students jaipur, 302001 india rated 4. Company secretary is specifically designated as officer in default under the companies act, along with the whole time and managing directors. This effort has reached fruition in recent years in the scores of applicants taking up the cs course. He may be dismissed on the grounds of disobeying, misconduct or permanent disability. Like traditional businesses, newly established network marketing companies i.
Insolvency and bankruptcy act, of india, but also build leadership. The candidates appearingpassed in class 12th examinations. An expert in company law, corporate and securities laws. Self employment practice company secretary as an independent professional company secretaries in practice also render following services. A company secretary is a senior position in a private company or public organisation, normally in the form of a managerial position or above. A career as a company secretary is not only prestigious and financially rewarding but also carries with it a high level of job satisfaction. The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with section 8a of the securities act of 1933 or until the registration statement shall become effective on. Duties of a company secretary in relation to shares. The intention of a prospectus is to provide a potential investor with adequate information to empower the investor to make an informed investment decision. It offers company secretary course on completion of which one becomes a member of the. Icsi has been set up to regulate and develop the profession of company.
Legally mandated document published by every firm offering its securities to public for purchase. Cs admission 2020 will be provided by the institute of company secretary of. Cs 2020 exam dates, syllabus, application form, pattern, notification. The information contained in this prospectus is current only as of the date on the front cover of the prospectus. This prospectus is an offer to sell only the shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. Com 6th semester company secretary the word secretary is derived from the latin word secretarius meaning confidential officer. This prospectus has been prepared by the company in order to provide a presentation of the group in connection with the listing of the private placement shares, bond conversion shares and the offer and listing of the offer shares, as defined and described herein. No offering where offering would be illegal this prospectus does not constitute. To be able to professionally practice company secretaryship, an individual has to complete three levels of training and examination, set by the icsi. Cs admission 202021 notification, application form, eligibility. Subject wise monthly updates are available on academic portal. Reading the prospectus is the best way to get detailed, precise information about a securities offering. It is associated with an initial public offering ipo. Download integrated company secretary course prospectus.
As we see, company secretary is a very senior level management position. If a firm has only two directors, one may act as its secretary. The company secretary is an employee of a company and he must perform his duties with reasonable care. How to read a prospectus helpful information for beginning investors. On the other hand, the more established a networking company is, potentially the more difficult it. One of the foremost duties of a company secretary is to handle the affairs related to shares. The provisions regarding the statement in lieu of prospectus have been stated under section 70 of the companies act 20. In many other legislationsfiscal, labour, industrial and economic laws, secretary is specifically included in the definition of the term principal officer. The below mentioned article provides an overview on the duties of a company secretary in relation to shares. Prospectus of integrated company secretary course icsi. Corporate governance legal and secretarial services. The company secretarys survival guide mourant ozannes. Prospectus of a company prospectus is a valuable document issued by the company for raisin of the capital. Career in institute of company secretaries of india.
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