Forum: Taxation & Corporate Law Forum
Speaker: CS Makarand Lele, President, ICSI, New Delhi
“VIA has larger role in framing Corporate Law and Policies”
Mr.Makarand Lele, President of Institute of Company Secretaries of India interacted with Team of Vidarbha Industries Association. Mr. Atul Pande, President of VIA, put the concerns of Industry relating to Company Law, Limited Liability Act before him. Ministry of Corporate Affairs has mandated filing of new form DIR 3 KYC for all Directors every year. Shri Atul Pande suggested that this KYC requirement should be clubbed with annual documents which are otherwise filed every year. The industry should not be burdened with more and more formalities. Mr. Lele appreciated the recommendation.
Mr.Pande also requested to take the issue of per day penalty for filing RoC returns, large scale rejection of name and procedural difficulties in forming company. He also demanded that formation of LLP by persons not having Director Identification Number should be started again as soon as possible. Mr.Lelealso discussed other issues relating to Insolvency Bankruptcy Code. He assured that the institute will take up and support all these issues before the Ministry of Corporate Affairs.
Both the presidents also shared their thoughts on present regulatory framework.Mr.Lele appreciated the role of regional industry chambers and associations like VIA. According to him VIA represents MSME Industry,which is the back bone of economy. He further added that as MSME are large in number and therefore the associations like VIA have eminent role to play in making laws and policies.
Mr.Lelealso shared thoughts on role of Company secretary in Industry. ShriSuhasBudhe, Secretary VIA, also suggested that VIA can frame a program for budding Company Secretaries for giving insight of Industry environment similar to program of VIA for IIM students.
Mr.Lele, appraised VIA team about proposed “Chamber Connect” initiative of the ICSI wherein the Company Secretaries will be able to have better co-ordination with Industries. This will help ICSI in getting better insights of need of Industry and also for effective trainingof Company Secretaries.
Mr.Pande also accepted the recommendation of Mr.Lele to have Nagpur Chapter Chairman as an ex-officio member of VIA Tax and Corporate Law forum for better co-ordination. At the same time he accepted the request of nominating VIA team member to Nagpur Chapter ICSI as its Co-opted Member.
Mr.OmprakashBagdia, Ex-Vice Preseident of VIA, Mr. Sachin Jajodia, Chairman of VIA Tax and Corporate Law Forum, CS AshishGarg, Central Council Member ICSI were present amongst other industrialists and Company Secretaries.
An Interactive Meeting with
Institute of Company Secretaries of India is kept
Today, 28th July 2018 (Saturday)
at 5.00 pm at VIA Hall, Udyog Bhawan, Civil Lines, Nagpur
on current issues in Company and LLP law
and Insolvency and Bankruptcy Code.
Members are cordially invited to attend the meeting.
Dr Suhas Buddhe CA Sachin Jajodia
Hon. Secretary Convener
VIA VIA Taxation & Corporate Law Forum
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