deecee_motivation

MOTIVATION


SUCCESS MANTRA

  1. Speak loudly – I AM THE BEST AND I KNOW IT.
  2. I FACE FEAR.
  3. I PROMISE TO MYSELF TO MAKE REALISTIC MISTAKE ON A DAILY BASIS.
  4. MY LIFE’S REMOTE CONTROL HAS TO BE WITH ME ONLY.
  5. SUCCESS = FAMILY + TEACHERS + FRIENDS + MYSELF.

CONCENTRATE ON WORDS IN BOLD.

COMMUNICATION ENHANCEMENT STEPS

  1. PRACTICE MIRROR EXERCISE – FOR FACIAL EXPRESSION AND KNOWLEDGE UPDATION.
  2. RECORD YOUR VOICE – FOR TONE PITCH MODULATION.
  3. TALK WITH FRIENDS IN ENGLISH FOR ATLEAST HALF AN HOUR – FOR DEVELOPING ENGLISH CONVERSATIONAL SKILLS.
  4. REGULAR INTRACTION WITH PRIVATE BANKS – FOR DRESSING SENSE AND CONVERSATIONAL SKILLS.
  5. DEVELOP PASSION – JOSH + HOSH

 

SOME MOTIVATIONAL QUOTES

  1. HARDER I WORK. LUCKIER I GET.
  2. MAGIC WILL HAPPEN. PATIENCE IS THE NAME OF THE GAME.
  3. DON’T CARRY UNNECESSARY BURDEN ON YOUR SHOULDER.
  4. IT’S GREAT TO BE CLICKED. PHOTOS NEVER LIE.
  5. ANYTHING WHICH GIVES YOU VALUE (MONEY) TO YOU IS कड़वी IN STARTING.
  6. SHARE AND SPREAD SMILE FLU.

 

Clarification regarding Corporate Social Responsibility under New Companies act 2013


AGeneral Circular No. 21/2014

No. 05/01/2014- CSR

Government of India

Ministry of Corporate Affairs

 

5th Floor, ‘A’ Wing,

Shastri Bhawan, Dr. R. P. Marg

New Delhi – 110 001  Dated: 18th June, 2014

 

To,

All Regional Director,

All Registrar of Companies,

All Stakeholders

 

Subject: – Clarifications with regard to provisions of Corporate Social Responsibility under section 135 of the Companies Act, 2013. 

Sir,

This Ministry has received several references and representation from stakeholders seeking clarifications on the provisions under Section 135 of the Companies Act, 2013 (herein after referred as ‘the Act’) and the Companies (Corporate Social Responsibility Policy) Rules, 2014, as well as activities to be undertaken as per Schedule VII of the Companies Act, 2013.

Clarifications with respect to representations received in the Ministry on Corporate Social

Responsibility (herein after referred as (‘CSR’) are as under:-

(i) The statutory provision and provisions of CSR Rules, 2014, is to ensure that while activities undertaken in pursuance of the CSR policy must be relatable to Schedule VII of the Companies Act 2013, the entries in the said Schedule VII must be interpreted liberally so as to capture the essence of the subjects enumerated in the said Schedule. The items enlisted in the amended Schedule VII of the Act, are broad-based and are intended to cover a wide range of activities as illustratively mentioned in the Annexure.

 

Contd….

 

-2-

 

(ii)           It is further clarified that CSR activities should be undertaken by the companies in project/ programme mode [as referred in Rule 4 (1) of Companies CSR Rules, 2014].  One-off events such as marathons/ awards/ charitable contribution/ advertisement/ sponsorships of TV programmes etc. would not be qualified as part of CSR expenditure.

 

(iii)          Expenses incurred by companies for the fulfillment of any Act/ Statute of regulations (such as Labour Laws, Land Acquisition Act etc.) would not count as CSR expenditure under the Companies Act.

 

(iv)         Salaries paid by the companies to regular CSR staff as well as to volunteers of the companies (in proportion to company’s time/hours spent specifically on CSR) can be factored into CSR project cost as part of the CSR expenditure.

 

(v)          “Any financial year” referred under Sub-Section (1) of Section 135 of the Act read with Rule 3(2) of Companies CSR Rule, 2014, implies ‘any of the three preceding financial years’.

 

(vi)         Expenditure incurred by Foreign Holding Company for CSR activities in India will qualify as CSR spend of the Indian subsidiary if, the CSR expenditures are routed through Indian subsidiaries and if the Indian subsidiary is required to do so as per section 135 of the Act.

 

(vii)        ‘Registered Trust’ (as referred in Rule 4(2) of the Companies CSR Rules, 2014) would include Trusts registered under Income Tax Act 1956, for those States where registration of Trust is not mandatory.

 

Contd….

 

 

 

 

-3-

 

 

(viii) Contribution to Corpus of a Trust/ society/ section 8 companies etc. will qualify as CSR expenditure as long as (a) the Trust/ society/ section 8 companies etc. is created exclusively for undertaking CSR activities or (b) where the corpus is created exclusively for a purpose directly relatable to a subject covered in Schedule VII of the Act.

 

2. This issues with the approval of Competent Authority.

 

Yours faithfully,

 

                                                                                                                     Sd/-

(Seema Rath)

Assistant Director (CSR)  Phone No. 23389622 Copy to:

  1. PSO to Secretary
  2. PPS to Additional Secretary
  3. PS to DG (IICA)/JS (M) /JS(B)/JS(SP)/DII (UCN)/EA/DII(POLICY)
  4. DIR (AK)/DIR (AB)/DIR(NC)/DIR(PS)
  5. e-Governance Cell for uploading on website of MCA

 

 

 

 

 

 

Annexure referred to at para (i) of General Circular No. 21/2014 dated 18.06.2014

SI.

No.

Additional items requested to be included in

Schedule VII or to be clarified as already being covered under Schedule VII of the Act

Whether covered under Schedule VII of the

Act

 

1.

 

Promotion of   Road Safety through CSR:

 

 

  (i)            (a)   Promotions of Education, “Educating the Masses and Promotion of Road Safety awareness in all facets of road usage,

 

(b)  Drivers’ training,

 

 

(c)  Training to enforcement personnel,

 

 

(d)  Safety traffic engineering and awareness through print, audio and visual media” should be included.

 

(ii)           Social Business Projects :

“giving medical and Legal aid, treatment to road accident victims” should be included.

(a)  Schedule VII (ii) under “promoting education”.

 

 

 

(b)  For drivers training etc. Schedule VII (ii) under “vocational skills”.

 

(c)  It is establishment functions of Government (cannot be covered).

 

(d)  Schedule VII (ii) under “promoting education”.

 

 

(ii) Schedule VII (i) under ‘promoting health care including preventive health care.’

 

 

2.

Provisions for aids and appliances to the differently- able persons – ‘Request for inclusion

 

Schedule VII (i) under ‘promoting health care including preventive health care.’

 

 

3.

 

The company contemplates of setting up ARTIIC (Applied Research Training and

Innovation Centre) at Nasik.  Centre will cover the following aspects as CSR initiatives for the benefit of the predominately rural farming community:

 

(a)  Capacity building for farmers covering best sustainable farm management practices.

 

(b)  Training Agriculture Labour on skill development.

 

 

Item no. (ii) of Schedule VII under the head of

“promoting education” and “vocational skills” and “rural development”.

 

 

 

(a)  “Vocational skill” livelihood enhancement projects.

 

 

(b)  “Vocational skill”

 

 

  (c)  Doing our own research on the field for individual crops to find out the most cost optimum and Agri – ecological sustainable farm practices.  (Applied research) with a focus on water management.

 

(d)  To do Product Life Cycle analysis from the soil conservation point of view.

(c)  ‘Ecological balance’, ‘maintaining quality of soil, air and water’.

 

 

 

 

 

(d)  “Conservation of natural resource” and ‘maintaining quality of soil, air and water’.

 

 

4.

 

To make “Consumer Protection Services” eligible under CSR. (Reference received by Dr. V.G. Patel, Chairman of Consumer Education and Research Centre).

(i)         Providing effective          consumer grievance redressal mechanism.

 
  (ii)           Protecting consumer’s health and safety,             sustainable      consumption, consumer        service,           support             and complaint resolution.

(iii)          Consumer protection activities.

(iv)         Consumer Rights to be mandated.

(v)          all consumer protection programs and

activities” on the same lines as Rural Development, Education etc.

Consumer education and awareness can be covered under Schedule VII (ii) “promoting education”.
   

a) Donations to IIM [A] for conservation of buildings and renovation of classrooms would qualify as “promoting education” and

 

 

 

 

  hence eligible for compliance of companies with Corporate Social

 

b) Donations to IIMA for conservation of buildings and renovation of classrooms would qualify as “protection of national heritage, art and culture, including restoration of buildings and sites of historical importance” and hence eligible for compliance of companies with CSR.

 

Conservation and renovation of school buildings and classrooms relates to CSR activities under Schedule VII as “promoting education”.

 

 

   

Non Academic Technopark within an academic Institution but approved and

supported by Department Technology.

 

 

 TBI

of

not

Science

located and  

Schedule VII (ii) under “promoting education”, if approved by Department of Science and Technology.

 

   

Disaster Relief

 

       

Disaster relief can cover wide range of activities that can be appropriately shown under various items listed in Schedule VII.  For example,

(i)            medical aid can be covered under

‘promoting health care including

preventive health care.’

 

(ii)           food supply can be covered under eradicating hunger, poverty and malnutrition.

 

(iii)          supply of clean water can be covered under         ‘sanitation        and       making available safe drinking water’.

 

   

Trauma care around highways in case of road accidents.

 

Under ‘health care’.

   

Clarity on “rural development projects”

 

 

Any project meant for the development of rural India will be covered under this.

   

Supplementing of Govt. schemes like mid-day meal by corporates through additional nutrition would qualify under Schedule VII.

 

Yes.  Under Schedule VII, item no. (i) under ‘poverty and malnutrition’.

   

Research and Studies in the areas specified in Schedule VII.

 

 

 

Yes, under the respective areas of items defined in Schedule VII.  Otherwise under ‘promoting education’.

   

Capacity building of government officials and elected representatives – both in the area of PPPs and urban infrastructure.

 
 

 

 

 

Sustainable urban development and urban public transport systems

 

 

Not covered.

 

 

 

Enabling access to, or improving the delivery of, public health systems be considered under the head “preventive healthcare” or “measures for reducing inequalities faced by socially & economically backward groups”?

 

Can be covered under both the heads of “healthcare” or “measures for reducing inequalities faced by socially & economically backward groups”, depending on the context.

 

 

 

Likewise, could slum re-development or EWS

 

 

 

  housing be covered under “measures for reducing inequalities faced by socially & economically backward groups”?
 

 

 

Renewable energy projects

 

Under ‘Environmental sustainability, ecological balance and conservation of natural resources’,

 

 

 

(i)         Are the initiatives mentioned in

 

 

 

  Schedule VII exhaustive?

 

(ii) In case a company wants to undertake initiatives for the beneficiaries mentioned in Schedule VII, but the activity is not included in Schedule VII, then will it count (as per 2(c)(ii) of the Final Rules, they will count)?

(i) & (ii) Schedule VII is to be liberally interpreted so as to capture the essence of subjects enumerated in the schedule.

 

 

 

 

 

 

US-India Physicians Exchange Program – broadly speaking, this would be program that provides for the professional exchange of physicians between India and the United States.

 

 

 

****************************

 

 

 

 

 

Marrying a Chartered Accountant : FUN STORY


Must read .. m sure its worth sharing 

                                                               71627_316180795153572_1836148476_n

   Marrying a Chartered Accountant 

When I told my mom that I wanted a professional woman as my wife, she got me one; a Chartered Accountant.

She uses LIFO method while taking out the refrigerated food.

She thinks I am no good at figure work. Fine with me, for now she handles the budget of the house.

Initially she used to send me a bill at the month end, but when I told her that I am not her client but her husband, she asks for the money in advance.

The expenses had been rising steadily over the months, so one day I snooped into the papers maintained in a current file.

No wonder! She was charging conveyance and overtime to the house budget. She is crazy, I tell her but she corrects me.

“No my darling, I am the auditor.”

I fail to see the light. Every scrap of the paper in our house is filed.

She tells me as per some Ordinance she must keep a copy of every thing for at least ten years before destroying it.

I am worried. The other day we had an hour-long fight. Later, I got to know that she had charged that hour to a client of hers, in the time sheet. My time was put down as unoccupied.

She says that she loves me and I tell her that I love her too. However, she never believes me.

She says that there is susceptibility of it being a misstatement. Duh! She wants my representation on this & Expert opinion of some Expert!

Not a long time back my brother’s wedding was to be solemnized. Wedding cards had been sent. After some time I started receiving a steady trickle of letters.

I was puzzled until my wife explained that external evidence was more reliable.

She had called for confirmations from all those to whom cards were sent. When she cooks, my wife at times does not go by recipe.

Where the recipe says add half-teaspoon vinegar, one tsp black salt or one teacup of water, she ignores them.

She says that they are not material when taken in context of whole meal being prepared. She is crazy, I tell you.
Charteredbook
Surprisingly everybody calls her an auditor, instead. I checked the dictionary and it did not state that auditor is a synonym for crazy.

The dictionary must be outdated. When we got married, she had given me an Engagement Letter and I Had said how cute-how sweet.

Now she gives it to me every year saying that her standards state that it must be sent anew if there is any indication that I have misunderstood the objective and scope of engagement.

Huh! Apart from sending me the engagement letter once again she says I can’t get rid off her just like that.

She says that she has the right of being heard before I appoint some one else.

It seems I must keep reading one local and another English newspaper published and circulated in the vicinity of our house for more details.

Phew! For a minute, I thought that we had jeopardized our going concern status.

Duh! Dare I say so?? I am told by one of my female colleagues who is married to a CA that the scenario is even worse when the guy is a CA.

Apparently he capitalised the wedding expenses as preliminary expenses and is writing it off every year.

Also the time he spent dating his wife before marrying her is still under consideration for valuation under AS-26…valuation of intangible assets.

So guys please think twice….should u really marry a CA? And yes please discount it by the appropriate rate to arrive at the present value of the risk of doing so !!!

Like this ? then must share

CA students will be permitted to change Exam centre/group/medium from May 2014 Exams onwards.


cropped-269946_187336737990539_2197523_n.jpg
It is seen that candidates while filling the exam forms ( either online or physical) do not
exercise reasonable care and commit errors. This creates lots of difficulties for them as
well as the office at Admit Card stage and thereafter.
With a view to provide them an additional opportunity to rectify errors, if any,
committed while filling up the exam forms, in the fields centre, group and medium, an
online “Correction Window” is being put in place with effect from the examination for
May 2014 onwards.
Thus, “Correction Window” is a platform in the on line exam form submission process,
where candidates can view and correct errors, if any, committed by them while
submitting the exam form, in the fields, centre, group and medium opted.
The terms and conditions in this regard are as follows:
1. This facility is available at http://icaiexam.icai.org, from 10.00 a.m. of 19.03.2014
to 5.30 p.m. of 25.03.2014.
2. This facility is available only to those who had submitted their exam forms online.
3. This window is not for fresh submission of exam forms and is meant only for
correction of errors if any, in the exam forms already submitted.
4. Candidates can access the portal by entering the following details, as filled in by
them in their exam application forms:
 Bar code number/control number printed on their online exam form
 PIN ( i.e. the four digit number of their choice which they had filled in their exam
forms) and
 Date of birth.
5. Following details, submitted by the candidates in their online examination
application form will be displayed on the screen.
 Name of the candidate
 Registration number and
 Group/medium/centre opted
6. Candidates will be permitted to enter changes if any, in any of the following three
fields only:

 City opted. ( Change from domestic centre to centre abroad is not permitted)
 Group opted ( Change from single group to both groups is not permitted)
 Medium opted
In other words, no fresh payment of exam fees or refund of exam fees already paid
will be permitted on account of correction of groups, made in this process.
7. A change may include change of centre/group/medium either jointly or severally.
8. Candidate will not be permitted to make any corrections/changes to any
other field.
9. The requests should be made by the student and not by anyone on his/her behalf.
10. Corrections, once submitted, cannot be changed thereafter.
11. The facility will be available free of cost.
12. The candidate should upload scanned copy of a handwritten application in
this regard, duly signed by him, seeking the corrections required.
13. Those candidates ( who had submitted their exam forms online) and who might
have already submitted a handwritten request for change of centre/group/medium,
are advised to submit such request/s, online, through this Correction Window,
once again. Changes sought through the Correction Window will be treated as
final.
14. Admit cards will be issued based on the examination application form and the
correction received till the correction window closes.
15. Those who had submitted physical OMR exam forms and seeking corrections in
the fields mentioned above and any other correction like registration number,
name spelling etc may contact the exam department at:
 Final candidates: final_examhelpline@icai.in
 Intermediate (IPC) candidates: intermediate_examhelpline@icai.in
Candidates are requested to take advantage of this facility and correct errors if any,
committed while filling the exam form.

 

source :- http://220.227.161.86/32806examwindow.pdf