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Scholarships New Prize Award to CS Students

Scholarships New Prize Award to CS Students

Scholarships New Prize Award to CS Students:

company secretary is a senior position in a private sector company or public sector organisation, normally in the form of a managerial position or above. In large American and Canadian publicly listed corporations, a company secretary is typically named a corporate secretary or secretary.

The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

Despite the name, the role is not clerical or secretarial. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities. Company secretaries are the company’s named representative on legal documents, and it is their responsibility to ensure that the company and its directors operate within the law. It is also their responsibility to register and communicate with shareholders, to ensure that dividends are paid and to maintain company records, such as lists of directors and shareholders, and annual accounts.

In many countries, private companies have traditionally been required by law to appoint one person as a company secretary, and this person will also usually be a senior board member.

Scholarships New Prize Award to CS Students

OBJECTIVES

The aim of introducing prize awards is to generate healthy competition amongst talented students and inspire them to show brilliant performance in examinations, recognise their accomplishments publicly and further encourage them to achieve excellence of higher order at various stages of ‘Company Secretaryship’ examinations

Scholarships New Prize Award to CS Students

CRITERIA FOR RECOGNITION AND INSTITUTION OF PRIZE AWARD

The Institute may generally accept the endowments offered by individuals and organisations for institution of prize awards according to the broad criteria set hereunder for recognition of a prize award scheme by the Central Council and its Regional Councils, Chapters and Satellite Chapters.

No prize award shall be considered or awarded on religious, communal or institutional basis. Besides, no new prize shall be instituted associating the name of any living person including the name of any present or past office bearers of the Central Council, Regional Councils, Chapters and Satellite Chapters of the Institute.

In future, the Institute alone shall institute a prize award in the form of “Gold Medal” or “Silver Medal”. Proposals from other outside organisations or individuals shall be for the institution of “Cash Award” only.

In the case of outside organisations or individuals willing to make endowment for any prize award, the award may be recognised at the discretion of the Institute after considering the required information to be furnished by the donor in this behalf in the specified proforma and on being found that the organisation or individual in whose memory the award is proposed to be instituted, has rendered some valuable service to the Institute or made some useful contribution to the profession of “company secretaryship” in general or to the promotion of education and/or advancement of knowledge in any subject relating to course curriculum of ‘Company Secretaryship’.

The prize award should be introduced on All-India, Regional, Chapter, or Satellite Chapter basis for overall best performance in all the papers of an examination or in any particular group of examination, or best performance in any particular paper of the Foundation, Intermediate or Final examinations held on bi-annual/annual basis or for best performance by lady candidates in examination.

The prize award instituted by a Regional Council, Chapter and Satellite Chapter should be confined to the candidates appearing in the examination from any examination centres situated within the jurisdiction of that Regional Council, Chapter or Satellite Chapter concerned, as the case may be.

Scholarships New Prize Award to CS Students

ENDOWMENT AMOUNT AND VALUE OF PRIZE AWARD

The minimum endowment amount for institution of a new prize award and the value of a prize award shall hereinafter be not less than –

Category of Donor Instituting Prize Award

All India Prize Award

Regional Council
 Prize Awards.

Chapter/Satellite Chapter
 Prize Awards

Endowment
Amount
(Rs.)

Value of
Award
(Rs.)

Endowment
Amount
(Rs.)

Value of
Award
(Rs.)

Endowment
Amount
(Rs.)

Value of
Award
(Rs.)

 

Organisation

1,00,000

2,501

60,000

1,501

50,000

1,251

 

Individual

60,000

1,501

50,000

1,251

25,000

551

Scholarships New Prize Award to CS Students

The monetary value of any new prize award whether for an All-India Prize Award OR Regional Council, Chapter or Satellite Chapter Prize Award shall not be less than the amount indicated in para 3.1 hereinabove and the Institute shall have an absolute power to review and revise this limit from time to time.

In the cases of prize awards instituted by the Central Council, Regional Council, Chapter, or Satellite Chapter, on its own, sufficient amount shall be invested in advance which shall earn annual interest income atleast equal to the prize amount to be given as prize awards

Scholarships New Prize Award to CS Students

MAINTENANCE OF PRIZE AWARD CORPUS

The Institute and its Regional Councils, Chapters and Satellite Chapters shall   maintain a separate “Prize Award Corpus A/c.” to which all endowments received and/or income accruing from endowments shall be credited on an annual basis for giving away the prize awards.

The monies received as endowment by the Institute and its Regional Councils, Chapters and Satellite Chapters for institution of prize awards should be invested in Government Securities, Public Sector Bonds, Gilt Funds, or in “fixed deposits” with the nationalised banks or in any other approved securities, as it may deem fit, and the prize awards shall be given out of the interest income accruing thereon subject to deduction of 10% for administrative purposes from such annual income

Scholarships New Prize Award to CS Students

ANNOUNCEMENT OF PRIZE WINNERS

Soon after declaration of the results of each examination, the Institute will compile the particulars of prize winners and communicate the same to the Regional Councils, Chapters and Satellite Chapters. Other outside organisations and individuals who had made endowments for the prize award(s) will also be informed of the particulars of prize winning candidate(s) for their information.

Scholarships New Prize Award to CS Students

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