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CS Ranjeet Pandey
President, ICSI
e-bulletin - September 2019 1
Academic Guidance
CASH RESERVE RATIO: EXPLORING ITS BASICS*
Introduction
Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial
banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the
guidelines of the central bank of a country.
Meaning of Cash Reserve Ratio (CRR)
In general, Cash Reserve Ratio (CRR) is the amount of funds that banks have to maintain with the Reserve Bank
of India (RBI) at all times. If the central bank decides to increase the CRR, the amount available with the banks for
disbursal comes down. The RBI uses the CRR to drain out excessive money from the system. Commercial banks
are required to maintain an average cash balance with the RBI, the amount of which shall not be less than 3% of
the total of Net Demand and Time Liabilities (NDTL) on a fortnightly basis. The RBI is empowered to increase the
CRR to ≤20% of the NDTL.
The amount specified as the CRR is held in cash and cash equivalents, is stored in bank vaults or parked with the
Reserve Bank of India. The aim here is to ensure that banks do not run out of cash to meet the payment demands
of their depositors. CRR is a crucial monetary policy tool and is used for controlling money supply in an economy.
In other words, the share of a commercial bank’s total deposit which the Reserve Bank of India (RBI) mandates
to be maintained at the respective bank in the form of liquid cash is known as Cash Reserve Ratio or CRR. It is a
tool used to control the liquidity of finances in the banking system and is set according to the guidelines stated by
the RBI.
In order to determine the base rate, the Cash Reserve Ratio acts as one of the reference rates. Base rate means
the minimum lending rate which is determined by the Reserve Bank of India (RBI) and no bank is allowed to lend
funds below this rate. This rate is fixed to ensure transparency with respect to borrowing and lending in the
credit market. The Base Rate also helps the banks to cut down on their cost of lending so as to be able to extend
affordable loans.
Objectives of CRR
The objective of the CRR is to ensure that the banks maintain a minimum level of liquidity against their liabilities
so that they don’t run short of liquidity in case of excess demand for funds. Banks are seen as symbols of trust
and any liquidity crisis can lead to a crisis of trust. That is the sole objective of CRR. It is also used by the RBI to
give signals on the direction of liquidity, although the RBI does not use it very frequently these days.
Apart from this, there are two main objectives of Cash Reserve Ratio:
Cash Reserve Ratio ensures that a part of the bank’s deposit is with the Central Bank and ensuring liquidity
management in the economy. Another objective of CRR is to keep inflation under control. During high inflation in
the economy, RBI raises the CRR to lower the bank’s loanable funds, thereby reducing the liquidity in the
economy
availing some services. Due to high interest rates public may consume less. If CRR is increased the public
will consume less and will have direct impact GDP.
iii) Impact on Exports and Imports: If interest rates are high firms will consume less amount and they
reduced their expansion plans, it makes the production of goods and services low, since the production
has decreased, People will purchase from foreign markets to get their desired products. Imports will
increase and exports decreases, ultimately put downward pressure on GDP by reducing Exports.
iv) Impact on Stock Markets: Since some investors tend to leverage and invest in the stock markets, higher
interest rates increase expectation of returns from the stock markets; this has the impact of lowering
current stock prices. An overall decline in stock prices has a cascading effect as leveraged positions are
unwound (on account of meeting margin requirements), leading to still lower stock prices.
v) Impact on Real Estate: With an increase in CRR, liquidity of funds in the market would be less. This
means that investors would not be looking forward to purchasing real estate nor be inclined to take on a
home loan due to the high rates of interest. Moreover, the construction sector would be in a slowdown as
multiple construction companies would face scarcity of work as the demand would be less, and as they
would require to borrow funds at higher rates. Therefore, construction companies would be reluctant to
take on work that would increase their overhead costs.
Significance and Merits
CRR is the ultimate tool for the purpose of saving a bank in its hard time. Every bank aims to earn a profit. For
this purpose, banks wish to lend their maximum money in the market. Let’s assume a bank has Rs 100 crore in
the balance sheet. For making the maximum profit it would like to lend all the money in the market. Thereafter
the survival of the bank goes at risk. If the loan becomes NPA, it puts an adverse impact on the economy.
Moreover, by lending all the money in the market, it increases the flow of money in the market. With this, the
value of currency lessens. Further, it leads to ‘Price-inflation’.
Therefore, by putting the criteria of maintaining the CRR, The Central Bank achieves two goals, i.e. firstly, it saves
the bank in a hard time. Secondly, it controls the flow of money in the market.
The merits of Cash Reserve Ratio (CRR) are as under:
i. CRR helps build and sustain the solvency of a scheduled commercial bank authorized by reserve bank of
India.
ii. CRR ensures the liquidity in a scheduled commercial bank is regulated at all times.
iii. CRR is targeted at providing a smooth cash flow by regulating lending across all scheduled commercial
banks in the country.
iv. The Reserve Bank of India controls and co-ordinates lending businesses run by commercial banks
through the implementation of CRR.
v. When CRR is reduced, scheduled commercial banks would have more cash at their disposal. This
increases lending ability of banks which in turn increases liquidity as the cash flow increases in the
country. When CRR is reduced, banks sanction more car loans, personal loans, home loans and so on.
vi. At times when market rates are down, CRR helps in absorbing liquidity.
vii. CRR is most effective in regulating liquidity. Other monetary instruments like market stabilization
scheme MSS, are not that effective and take more time to regulate and control liquidity in the market.
The cash reserve ratio plays a crucial role in moderating the economy.
Conclusion
CRR is a monetary tool. Banks maintain with the central bank a certain sum of moneyi.e. CRR. Further, Central
Bank uses it as a monetary tool to control the flow of money in the nation. When the central bank feels that price
inflation is increasing, it increases the percentage of CRR. When the central bank sees the economy is moving
towards depression, it reduces the CRR. This cash reserve is very helpful to the bank during the economic crisis.
In other words, for the benefit of the banks, Central Bank imposes some restriction as a guardian. CRR is one of
the various restrictions (tool). Not to mention that maintaining the CRR with RBI is mandatory and not an option.
4 e-bulletin – September 2019
References
https://economictimes.indiatimes.com/c/cash-reserve-ratio/articleshow/19339693.cms?from=mdr
https://cleartax.in/s/cash-reserve-ratio-crr
http://indianresearchjournals.com/pdf/IJMFSMR/2013/August/9.pdf
https://www.indiafilings.com/learn/cash-reserve-ratio/
https://legodesk.com/blog/cash-reserve-ratio/
https://indianmoney.com/articles/what-happens-when-cash-reserve-ratio-increases
***
e-bulletin - September 2019 5
Student Services
IMPORTANT INFORMATION FOR THE STUDENTS OF THE
CS FOUNDATION PROGRAMME
SOCIAL MEDIA PLATFORM FOR COMMUNICATING WITH THE INSTITUTE
Students can now visit the webpage of the Institute on the following Social networking sites
to get details regarding various notifications and updates of the Institute.
1. Facebook
2. Twitter
3. Instagram
4. Linkedln
Click on appropriate links on home page of ICSI website to get access to these webpages.
https://twitter.com/icsi_cs
https://www.facebook.com/ICSI
https://www.instagram.com/cs_icsi/
https://www.linkedin.com/in/theicsi/
REGISTRATION
1. VALIDITY OF CS FOUNDATION PROGRAMME ADMISSION
The Institute has stipulated 03 years period for the validity of Foundation
Programme admission. Accordingly, all those students who have
registered upto August 2016 may please note that their admission to the
Foundation Programme stands cancelled on expiry of three years period
at the end of July 2019 .
Students who have not passed the Foundation Examination within the
validity period of their registration and are not graduates, may seek
fresh admission online at Institute’s website www.icsi.edu together
with the Foundation Programme admission fee of Rs.4500/-.
8 e-bulletin – September 2019
Students who have passed the Foundation Programme examination held in June 2019 and register in
Executive Program upto and including 31st August, 2019 would be eligible to appear in both modules of the
Executive Program to be held in June 2020 examination and students who will take registration in Executive
Program between 1st September 2019 to 30th November, 2019 will be eligible to write only one module in
June 2020 examination of the Executive Programme.
New Students can register online at Institute’s website www.icsi.edu at online services option at the following
link https://smash.icsi.in/Scripts/login.aspx. ICSI Foundation Passed Students will register in CS
Executive Programme after login their Foundation Programme Account at
https://smash.icsi.in/Scripts/login.aspx. The fee for seeking registration for Executive Programme is Rs.
8500/- which can be paid onilne either through credit / debit card / net banking / bank challan.
PROCEDURAL COMPLIANCE
Students are advised to update their addresses instantly through online services option at www.icsi.edu.
Their Registration Number shall be their user Id. Students can also reset their password anytime (The new
password will be displayed on the screen).The process is given below.
Manual for Change of Mobile number, Email Id, Address and resetting password
Step 3:
Step 3:
Change/Reset Password
Step 1: Log in with valid credentials on smash.icsi.in
Step 2: Click on Profile > Change Password
12 e-bulletin – September 2019
5. ATTENTION STUDENTS!
The Institute has decided to reject the applications of such students who do not submit the
documents within one year after their registration in Foundation and Executive programme by
deducting 30% of the fee remitted by them towards administrative charges after expiry of one
year. Therefore it is advised that all such students may complete all formalities to approve the
registration in the stipulated time period failing which their registration applications would be
rejected.
The “Chartered Secretary” Journal is published by the ICSI, with a view to ensure continuous
up-gradation of the knowledge of the Members. The Journal is equally important for the
students of the Institute. Students who are interested to purchase the journal can subscribe
for the same by remitting the nominal subscription fees of Rs. 500/- per annum. Students can
either subscribe for the Journal at the time of registration in each stage of CS Course or
separately through our Chartered Secretary division.
14 e-bulletin – September 2019
NAME OF CONTACT
ADDRESS OF CLASS E-MAIL ID OF
SL REGI THE CO- No. OF THE
CHAPTER ROOM TEACHING STAGE MODULE THE CO-
NO ON ORDINAT CO-
CENTRE ORDINATOR
OR ORDINATOR
Foundation
ICSI BUILDING PLOT NO 70,
Mr. U C
1 EIRC BHUBANESWAR VIP COLONY IRC VILLAGE I uc.mishra@icsi.edu 9937004139
Mishra
BHUBANESWAR - 751015 Executive
II
GUWAHATI CHPATER,
HOUSE NO 7, RODALI PATH,
Mr Rahul rahul.ratna@icsi.ed
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Ratna u
RG BARUAH ROAD
GUWAHATI - 24
KRISHIKUNJ APARTMENT,
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5 EIRC KOLKATA 033-22832973
1ST LANE KOLKATA-700019 Nag du
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Kumar Arya
MANDIR MARG, ALWAR
Professional
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BHILWARA (RAJ.)-311001
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201309 Kumar
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Mr. Ravi
KRIPA COMPLEX OPP TAKSAL
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600 034
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Kumar T S
INDIAN EXPRESS, 0
KALOORERNAKULAM - Executive I & II
682017
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CHAPTER OFFICE, C3, 3rd
FLOOR, A.R. PLAZA, 16/17 t.raja@icsi.edu &
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NORTH VELIS STREET madurai@icsi.edu
MADUARI - 625001
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0824-
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IIND FLOOR BEJAI Rao Badi edu
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ICSI House, #125, NHCSL
Mr. dhanabal.n@icsi.e
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OPP. J K TYRES, METAGALLI Executive I & II
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ari@icsi.edu
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Study Centres
The objective of the Study Centre Scheme is to break the
distance barrier at the end of students for availing the services
from the institute. Under the Scheme, Study Centers are
opened in cities /areas, wherein the Institute's Offices are not
in existence. Apart from providing basic services, the Study
Centres also impart coaching to the students of various stages.
The details of study centres are available at the link
https://www.icsi.edu/media/webmodules/Study_Centre.pdf
0960401
Dr. Preeti
G. H. Raisoni Gate No 57/1,Sirsoli 0444/
Aggarwal,
SCW0 Institute of Road,Mohadi, 0257- preeti.agarwal www.raisoni.n
1 WIRC Jalgaon Director /Mr,.
01 Business Jalgaon, Maharashtra 2264884 @raisoni.net et
Raj Kumar A
Management, 425001 /901176
Kankaria-
8391
Drona
In front of Kanan Zoo, 07752- dronacollege@
College of IT Mr.Akash
SCW0 Pendari, Sakri, 214336/ gmail.com; www.dronacoll
2 WIRC Bilaspur Applied Pandey,
02 Bilaspur-495001, 0942553 info@dronacoll ege.com
Social Chairman
Chhatishgarh 5514 ege.com
Science,
Laitumkhrah, http://www.shi
SCE00 Shillong Prof Shankar 9436335 shankar.s.shar
3 EIRC Shillong Shillong, Meghalaya llongcollege.ac.i
3 College, Sharma, 399/ ma@gmail.com
793003 n/
0836-
Rukmini "Jnana Degula", Near
2465327
Shetty K.M.F.
Hubli - /
SCS00 Memorial Lakammanhalli Dr. D.G.Shetty, drdgshetty@ya
5 SIRC Dharwa 2465105 www.dgses.org
5 Sudltakar Industria Area, Principal/ hoo.in
d /
Shetty P.B.Road, Dharwad-
0934340
College, 580004, Karnataka
0038
S W H Marg, Ashowk
Hirachand Chowk New Pacha 0217265 sarikamahindra
SCW0 Nemchand Peth, Walchand Mrs. Sarika 6121/93 kar33@gmail.c
7 WIRC Solapur www.hncc.org
07 College of Collage Campus, S W Mahindra Kar 7032358 om;shahsatyaje
Commerce, H Marg, Solapur, 5 et@gmail.com
Maharashtra 413006
Dr. No-4-7-7,
Sri Boddu Kothagraharam, Near 08922-
boddukrishna.2
SCS00 Vizianag Krishna ICICI Bank, Mr. B.M.M 226454/
9 SIRC 26454@gmail.c
9 ram Degree Vizianagaram- Krishna Rao 0944082
om
College, 535001, Andhra 4742
Pradesh
Neelganga Road,
Lokmanya 0734-
Near Railway Station, ltsccollegeujjai
SCW0 Tilak Science Dr. Govind 2563833
10 WIRC Ujjain Madhav Nagar, n@rediffmail.c
10 & Commerce Gandhe /094253
Ujjain-456010, om
College, 35568
Indore
0661-
Udit Nagar,Dist: http://www.m
Mr. G.B. 2501838
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1 College, Rourkela - 769012, ge@yahoo.co.in kl.com/default.
HOD 9437085
Odisha asp
393
0353-
Silliguri P.O. : SILIGURI, Dr A K silliguricollegeo www.siliguricol
SCE01 2432594
12 EIRC Silliguri College of DARJEELING- Mukhopadhya f_commerce@y legeof
2 /243681
Commerce, 734001, West Bengal y ahoo.com commerce.org
7
04633-
J.P College of Agarakattu, Tenkasi, 268321,2
SCS01 Tirunelv jparts12@gmai http://www.jpa
13 SIRC Arts & Tirunelveli,-627852, Dr Shankar 67123
3 eli l.com rtscollege.org/
Science, Tamilnadu /944339
2417
Vrindavan Gate,
Masani, Mathura, 12, 0565-
Dr. Preeti
SCN01 R C A Girls Aakash Nagar, 2505956 principal@rcag www.rcagirlsco
15 NIRC Mathura Johari,
5 (PG) College, Vishwa Laxmi Nagar, /094127 irlscollege.org llege.org
Principal
Mathura, Uttar 77091
pradesh - 281003
9949032
Mr.T.Praneeth
9-66/14A, New 949,
Seicom Swaroop,
SCS01 Maruthi Nagar 7799045 seicom1997@g http://seicom.a
16 SIRC Tirupati Degree & PG Director/ Mr
6 Extension, Tirupati- 454/ mail.com c.in/
College, Pranit
517501 (0877)-
Saurabh
2241094
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Ballampur Road,
Near Blue Bells 9453572
Sharada Devi
SCN01 Public School, Mr Tejinder 506, tejinders&k13 shardadevicolle
17 NIRC Jhansi Degree
7 Rajgarh Hansari, Singh 9554955 @gmail.com ge.com
College
(Bijoli) Jhansi- Uttar 981
Pradesh- 284135
0424-
Kongu arts Nanjanapuram, konguarts@kas
SCS01 2242888
19 SIRC Erode and Science Kathirampatti post Dr. N Raman c.ac.in;corpkon www.kasc.ac.in
9 /994245
College Erode-638107 gu@gmail.com
2528
Tulasikatte Road,
Santekatte, 0962092
SCS02 Trisha Kallianpura, Near Mr Satish 9337/08 principaltrisha www.trishacoll
22 SIRC Udupi
2 College, T.M.A Pai High Nagodde 20- @gmail.com ege.org
School, Udupi- 2580181
5762114
Shrirmathi
0994033
Dev kunvar
Shanti Nagar, Dr. V 7470/04
SCS02 Nanalal Bhatt info.sdnbvc@g www.sdnbvc.co
23 SIRC Chennai Chromepet, Chennai- Varalakshmi 4-
3 Vaishnav mail.com m
600044 Principal 2265545
College for
0
women,
Shri Gosar
Hansraj Shah Bhagwanji
Gosrani Kachra Education 9998001 http://www.gh
snehal.kotak@
SCW0 Jamnaga Commerce & complex, Near Octroi Mrs. Snehal 596/028 gddn.oshwaled
24 WIRC oshwaleducatio
24 r Sri Post- Indira Gandhi Kotak Palan 8256388 ucationtrust.or
ntrust.org
Dharamshi Marg, Jamnagar- 5 g/
Devraj Nagda 361004
B.B.A College,
Dharmamurt
hi Rao
Bahadur
DRBCC Hindu college, Prof M mjawaharlalne
SCS02 Chennai- Calavala 9444678 www.drbcchind
25 SIRC Pattabiram, Chennai- Jawaharlal hru1964@gmai
5 I Cunan 613 ucollge.ac.in
600072 Nehru l.com
Chetty's
Hindu
College,
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0343-
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DSMS College siulimukherjee. http://dsmsind
SCE02 Durgapu Avenue, Bidhannagar Mrs. Siuli /253221
26 EIRC of Tourism & dsms@gmail.co ia.org/group.as
6 r Durgapur-713206, Mukherjee 3/14/15,
Management, m px
West Bengal, India 0993331
1180
0941585
Marwar l Naseerabad, Near Dr. Santosh marwarbusines
SCN02 Gorakhp 7694,
27 NIRC Business Jhankar Cinema, Kumar sschool@gmail.
7 ur 0551-
School Gorakhpur- 273001 Tripathi com
2290845
0374-
Near Durgabari Hall, 2332680 nehalchhalani8
Dr. Rajib
SCE02 Women's rangagora road, /995717 1@gmail.com; www.wimcol.or
28 EIRC Tinsukia Bordoloi,
8 College, Tinsukia- Assam- 9376/94 karuna.goenka g/
Principal
786125 3520186 @gmail.com
8
nlc.ahmednaga
0241-
r@gmail.com;
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29 WIRC professor.dr.as
29 agar College, Ahmednagar-414001 Principal /096238 llege.org
raju@gmail.co
99154
m
Residency Colony,
Near Nagaland 03862-
unitycollegedi
SCE03 University, Dr. Sanjay 283589/ www.unitycolle
33 EIRC Dimapur Unity college, mapur@gmail.c
3 Residential Chhabra 0943600 gedimapur.com
om
Campus,Dimapur, 4436
Nagaland- 797112
sanjeeb.jena@r
Rono Hills, Doimukh,
SCE03 Rajiv Gandhi Dr. Sanjeeb K 9402081 gu.ac.in;sanjeeb http://www.rg
34 EIRC Itanagar Pin-791112,
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Arunachal Pradesh
oo.com
Vengola PO,
Jai Bharth
Arackapady,
SCS03 Perumba Arts & Dr. K.X 9446491 k.x.varghese@g www.jaibharat
36 SIRC Perumbavoor, Pin-
6 voor Science Varhese 047 mail.com hcollege.com
683556, Ernakulam
College,
District, Kerela
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0978956
Vaniyam Marudhar Marudhar Nagar,
5577/04
SCS03 badi,Vell Kesari Jain Chinnakallupalli, Ms. M hod.commerce
39 SIRC 174- www.mkic.in
9 ore College for Vaniyambadi- Ashtalakshmi @mkjc.in
224300/
District women 635751, Tamilnadu
225300
Janata
Shikshan
Mandal’s Sau. Behind State Bank of 2141-
Janakibai India At & Post - Prof Datar 222036,2
SCW0 surendra_datar jsmalibag.edu.i
42 WIRC Alibag Dhondo Alibag, Dist Raigad, Surendra 28361/
42 @hotmail.com n
Kunte Maharashtra - Bhagwan 0927060
Commerce 4044011 0370
College (JSM
College)
Manorama Junction,
Near Malayala
SCS04 Kottaya Baselius Resmi Annie 9995107 baseliuscomme www.baselius.a
43 SIRC Manorama, K K Rd,
3 m College Thomas 330 rce@gmail.com c.in
Kottayam Kerala-
686001
Pachhunga
SCE04 College Veng, Aizwal Dr. Lal Hun 8416047 commerce.puc pucollege.edu.i
44 EIRC Aizwal University
4 Mizoram- 796005 Thara 659 @gmail.com n
College
dr.kheiruddins
9774935
Dr. Md hah@gmail.co
DM College Campus, 464/094
SCE04 D M College Kheiruddin m;
45 EIRC Imphal Imphal, Manipur 3608912
5 of Commerce Shah/ Dr N contact@dmcc
795001 5/07085
Jayanti Devi ommerce.edu.i
247533
n
NH-58, Vardhaman
veeralakshmiba
SCN04 puram, 7th KM, Dr 9997239
46 NIRC Roorkee Coer- SM bu@yahoo.co.i coer.ac.in
6 Roorkee, - Veeralakshmi 017
n
247667,Uttarakhand
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0941208
Himalayan Village & Post- Jilasu,
2143/01 hietchamoli@g
Institute of Via- Langasu,
SCN04 Dr.Surendra 363- mail.com;drspd www.hiet-
47 NIRC Chamoli Education & Karnpriyag Dist.
7 Prasad Dimri 241596/ imri@gmail.co chamoli.com
Technology Chamoli- 246446,
7895098 m
(HIET) Uttarakhand
618
SCE04 Lalit Jain Meherpur, Silchar, Sri Amar Nath 9435173 ljccassam@redi
48 EIRC Silchar
8 College Silchar - 788001 Singh 805 ffmail.com
Jawaharlal
0943428
Nehru JNR
SCS05 1546 / drnrhodcom@y
51 SIRC Portblair Rajkeeya Mahavidhyalaya, Dr. N Rajavel
1 03192- ahoo.com
Mahavidhyal Portblair- 744104
232082
aya
Jaikranti Arts
8999482
SCW0 & Commerce Sitaram Nagar, Latur- Dr Sagar principal@jaikr www.jaikrantic
52 WIRC Latur 960/023
52 Senior 413512 Pandhari anticollege.com ollege.com
82-57410
College
02462-
Paratibha pnm_nanded@
Banda Ghat Road, 234700 /
SCW0 Niketan Dr. G T rediffmail.com; www.pnmnand
53 WIRC Nanded Vazirabad, Nanded- 9404076
53 Mahavidyala Waghmare gajananwt11@ ed.org
731601 809/866
ya gmail.com
8760194
0489626
Calicut University
2787/09
SCS05 Lakshad College of Centre, Kavaratti, Mr.Mohamme princicelkvt@g
56 SIRC 4002594
6 weep Education Lakshadweep - d Yaseen mail.com
31/9447
682555
280252
0480-
Holy Grace
Kuruvilassery P O 2891900,
SCS05 Academy of Dr. Joji director@holyg www.holygrace
59 SIRC Mala Mala, Thrissur Dist - 2897185,
9 Management Chandran racebschool.org bschool.org
680732 9447006
Studies
541
044-
Enathur, 2726417
SCS06 Kanchip SCSVMV Dr M S hellomsraman
61 SIRC Kanchipuram, 9,
1 uram University, Ramaratnam @gmail.com
Tamilnadu- 631561 9842754
984
Nanasaheb
Vanjare New
Education 02351-
suvarnadeuska
SCW0 Society’s Lanja, Dist- Dr Suvarna A 230558,9
62 WIRC Lanja r2010@gmail.c
62 Arts, Ratnagiri-416701 Deuskar 9702021
om
Commerce & 50
Science
College,
02352- principalsbklc
Shriman Late N V @ Aruappa,
221545,2 @gmail.com;raj
SCW0 Ratnagir Bhagojisheth Joshi road, GJC Mr R S
63 WIRC 21599, shekhar21malu
63 i Keer Law College, Ratnagiri- Malushte
9822580 shte@gmail.co
College 415612
621 m
Vill Bhamrola, P O
Bagwara Kichha 0594424
SCN06 Rudrapu Chanakya Road, Opp Radha Mr Ravindra 6094/90 clcrdr@gmail.c www.chanakyal
64 NIRC
4 r Law College Swami Satsang Bisht 1241474 om awcollege.in
Rudrapur (U S Nagar) 3
Uttarakhand-263153
01573-
NH-52 Laxmangarh
SCN06 Laxmang M D Goenka Ms Meenakshi 22862/0 mdgmm@goen www.goenka.ac
65 NIRC Sikar, Rajasthan-
5 arh Girls College sharma 7976937 ka.ac.in .in
332311
500
0141-
Sector-3, Vidhyadhar
SCN06 Biyani Girls Cs Dr. Rajeev 2336226 director@biyan www.biyanicoll
66 NIRC Jaipur Nagar, Jaipur-
6 College Biyani /093149 icolleges.org eges.org
302023, Rajasthan
27400
Prf. V
SCS06 Karaiku Alagappa Alagappa University, 9443124 dde@alagappa www.alagappa
68 SIRC Manickavasag
8 di University Karaikudi- 630003 433 university.ac.in university.ac.in
am
27 e-bulletin – September 2019
Haranahalli
PB No-194, Salagame 08172-
Ramaswamy Dr.
SCS06 Road, Hasssan 245551,0 hriheh@gmail.c
69 SIRC Hassan Institue of Subramanya P
9 district, Karnataka- 9731999 om
Higher R
573201 440
Education
03224-
ICARE Complex, P o
255355/ pradeeptakis.sa
SCE07 Haldia Law Hatiberia, P S Haldia Dr Pradeepta
70 EIRC Haldia 255356,8 hoo@gmail.co
0 College dist- Purba Kishore Sahoo
6372640 m
Medinpur-721657
93
Silicobyte
Katni Degree Jagmohan Das Ward,
SCW0 9753180 silicobyte@yah http://silicobyt
71 WIRC Katni College and Katni- 483501, Shri Paras Jain
71 809 oo.com e.org
Professional Madhy Pradesh
Studies
Nachiketa
Institute of
Power Grid ,
SCW0 Management Dr Ajay 761- info@nachiketa
72 WIRC Jabalpur Jabalpur-482002,
72 & Upadhyay 4085058 college.com
Madhya Pradesh
Information
Technology
Saraswati Vishwa A
020-
MIT WPU Wing, 5th Floor, SV deanugmanage
SCW0 3027359
73 WIRC Kothrud School of No-123, MIT Campus Dr R M Chitnis ment@mitwpu.
73 9,985004
Management Paud Road Kothrud- edu.in
1773
411038
01572-
Bhartiya Near Sahwadi Circle,
SCN07 274100,9 jatashnkar@gm www.bietsicom.
74 NIRC Sikar Siksha Chandpura, Sikar, Mr M C Ranwa
4 4140369 ail.com ac.in
Sankul Rajasthan-332021
21
Swami
07412-
Vivekanand Viriyakhedi, Ratlam, abhaypathak_ra
SCW0 Dr. Abhay 263353,9
75 WIRC Ratlam Government Madhya Pradesh- tlam@yahoo.co
75 Pathak 8273013
Commerce 457001 .in
20
College
No.30 Thundalam,
Alpha Arts & Porur, Behind
SCS07 Chennai 8122675 rathikaksr@gm www.alphagrou
76 SIRC Science Ramachandra Dr. V Rathika
6 II 323 ail.com p.edu
College Hospital,Chennai
600116
Nobel Group
Parth Vatika, Bhesan 0285- hod.mba@ngiv
of
SCW0 Junagad Road, via-Vadal, At: 2680244, bt.edu.in;drjaya
77 WIRC Institutions Prof Jay Talati ngivbt.edu.in
77 h Bamangam, 0942718 talati@gmail.co
Management
Junagadh-362310 4429 m
Department
02938-
SCN07 Bali Road, Falna - Dr, Gautam 236632/ collegespuc@g www.spucolleg
79 NIRC Falna S P U College
9 306116, Rajasthan Sharma 9414814 mail.com efalna.com
082
0941334
Maharshi Rambagh, Reengus
SCN08 Dr Balmukund 4372 / info@mpcolleg
81 NIRC Danta Parshuram P Road, Danta Sikar -
1 Dixit 9460044 edanta.org
G College 332702, Rajasthan
372
Seth
Rambilas Podar 8005707
Gyaniram Dr. Satyendra
SCN08 Nawalga Road, Nawalgarh, 729/015 www.podarcoll
82 NIRC Bansidhar Singh, principal@pod
2 rh Jhunjhunu, 9422203 ege.com
Podar Principal arcollege.com
Rajasthan- 333042 0
College
C/o. Computer
Corner Centre, Near
Tirumala Cinima Hall, 0846223
SCS08 Nizamab Sharada P G (Theatre), Weekly Mr Kapse 6099/09
85 SIRC sureshkapse@g
5 ad College Market, Beside Sun Suresh 4407286
mail.com
Flower High School, 32
Nizamabad Dist. -
503001 - Telangana
0233-
Chintamanra 6695200 www.chintama
SCW0 Vishrambag, Sangli - chintamancolle
86 WIRC Sangli o College of Dr M S Bapat /669521 nraocollegeofco
86 416415, Maharashtra ge1@gmail.com
Commerce 0/92253 mmerce.edu
40978
0671-
Sai Academy At- Nachhipur, PO-
Er. Sunil 2856161
SCE08 for Bhatapatana, Dist- sgiskp06@gmai
87 EIRC Khurda Kumar /285606 www.sgoi.org
7 Professional Khurda, Pin -752115, l.com
Pattnayak 1/09437
Education Bhubaneswar
024858
NH-26, Rajakhedi,
SCW0 Noble Makronia, Sagar, 9424344 noblecollege20 nobleclooegesa
91 WIRC Sagar Dr Poorva Jain
91 College Madhya Pradesh - 882 01@gmail.com garmp.org
470006
Jadumani
Nayagarh
SCE09 Nayagar Chhatrabas, Dr Laxmidhar 9437516 ngrautocol@ya
93 EIRC (Autonomou ngrautocol.ac.in
3 h Nayagarh, Odisha Sahoo 312 hoo.co.in
s) College
752069
05882-
Springdale Madhotanda road,
SCN09 Dr Hemant 259917/ hemantjagota@
96 NIRC Pilibhit College of Near Sugar Factory,
6 Jagota 9897425 yahoo.com
Management Pilibhit-262001
014
SCS scscommerce1
SCE09 Chandan Hajuri Road, Mahendra 9090040 http://scscolleg
97 EIRC Puri (Autonomou 972@gmail.co
7 Puri, Odisha-752001 Kumar Mishra 437 e.nic. in/
s) College m
Ushagram, Asonsol
Banwarilal
SCE09 PIN - 713303, Distt - Dr. Amitava 9932940 bbcollege1944
99 EIRC Asonsol Bhalotia www.bbcollege
9 Paschim Bardhman, Basu 169 @gmail.com
College
West Bengal
Ayya Nadar
Srivilliiputhur, State
SCS10 Janaki 9442666 principal@anja www.anjaconli
101 SIRC Sivakasi Highway 42, Sivakasi, Dr. C. Ashok
1 Ammal 808 conline.org ne.org
Tamil Nadu 626123
College
Ananda
03561-
Chandra D.B.C. Road,
SCE10 Jalpaigur Dr. Sidhartha 227447/ drsarkar.s@gm www.accomme
105 EIRC College of Jalpaiguri, West
5 i Sarkar 9434319 ail.com rcejpg.org
Commerece, Bengal - 735101
154
Jalpaiguri
All registered students who have uploaded their documents successfully and their application has
been approved by the Institute are supplied with the set of study material. Those who have not
received Study material, are therefore, advised to send their request /query through Grievance
Solutions Cell or they can also download the study material from the website of the Institute at
academic corner option. Details of submitting request through grievance solutions cell is given under
the head “ICSI Grievance Solutions Cell”
SELF STUDY
The Institute provides a set of study materials to all the students of Foundation Program for self-
study purpose. Students have the option to study the subjects of their own and appear in the next
examination of the institute for which they are eligible or else they can get themselves enrolled at
Class Room Teaching Centers of the Institute for coaching. Classes are conducted by most of the
Regional/Chapter offices of the Institute located across the country.
31 e-bulletin – September 2019
FEE SCHEDULE
For fees details , students are advised to click on the following link
https://www.icsi.edu/media/webmodules/student/InfoBrochure_CSFndExePrgm.pdf
32 e-bulletin – September 2019
33 e-bulletin – September 2019
34 e-bulletin – September 2019
Attention Students !
Guidelines for Concession in Fee for Registration to CS Course to the Widows and
Wards of Martyrs, Permanent Disability cases, Serving / Retired Personnel of Indian
Army, Indian Air Force, Indian Navy and all para military forces
The sacrifice of the personnel of Indian Armed forces and para military forces for
maintaining the security and sovereignty of the country is commendable.
In a humble endeavor of the Institute in recognizing the contribution of the serving and
retired personnel and as a goodwill gesture to the families of martyrs, the Institute has
decided to grant the following concessions for registration to the CS Course :
All other fee payable by the aforesaid category of students shall be as per the rates
applicable to the general category students.
***
40 e-bulletin – September 2019
Examination
1. COMPUTER BASED EXAMINATION (CBE) DECEMBER, 2019
The next Computer Based Examination for CS Foundation Programme will be held on 28th
and 29th December, 2019 as per the following Examination Time-Table and Programme:
Examination Timings
Day and Date Subjects Batch From To
of Examination No.
Allotment of time-slot to each student will be made by the Institute and no request for change
of time-slot will be entertained.
Any physically disabled/challenged candidate having a minimum of 40% physical disability or deformity
of permanent nature and who wishes to seek writer’s help and/or extra time for the purpose of appearing
in Company Secretaries Examination is requested to submit a separate application in the prescribed
format as specified below in addition to submitting his/her online enrolment application for appearing in
the examination together with the attested photocopies of following documents and with full size
photograph showing the disability:
(i) Disability Certificate issued by the Medical Board/doctor of not below the rank of Civil
Surgeon/Medical Superintendent of a Central or State Govt. Hospital /Medical College, certifying
the nature (permanent or temporary) and percentage of disability and its duration affecting
his/her ability and/or the normal physical functions; and
(ii) Letter of Permission issued to him/her by Sr. Secondary Board/University and/or any other
professional/educational examining body, such as — UPSC, SSC, State Public Service Commission,
The Institute of Chartered Accountants of India, The Institute of Cost Accountants of India, etc.,
granting him/her such assistance for appearing or writing the examinations.
Physically disabled candidates who had been granted facility of writer’s help/extra time in the previous
CS examination(s) and wish to avail of such concession or assistance for writing the ensuing examination
are required to apply again for each session of examination giving reference of communication allowing
such facility granted in the past. In such cases, candidates are not required to submit the attested copies
of above stated documents and full size photographs.
It is clarified that in case of disablement of temporary nature and injuries like, fracture in the arm,
forearm or dislocation of a shoulder, elbow, wrist or any other illness, etc., the candidates are not eligible
to seek any concession or assistance of writer and/or extra time.
The duly filled in application on the prescribed form along with the supporting documents, if any, should
be sent to the Institute at the address given below at least 45 days in advance from the date of
commencement of examination:
The Joint Secretary
Directorate of Examinations
The Institute of Company Secretaries of India
‘ICSI HOUSE’, C-37, Sector 62, Institutional Area,
NOIDA – 201 309 (U.P.)
Communication regarding grant of writer’s help and/or extra time for writing the examinations is
normally sent to the respective candidates 8-10 days before the commencement of each examination after
the issue of Admit Cards/Roll Number.
For quick disposal, the application for grant of writer’s help and/or extra time should not be clubbed with
any other query or correspondence.
The prescribed application form for availing the facility of writer’s help and/or grant of extra time can be
downloaded from the website of the Institute: www.icsi.edu at the URL given below:
https://www.icsi.edu/webmodules/Scribe_form.pdf
42 e-bulletin – September 2019
ATTENTION STUDENTS !
Accordingly, candidates can opt for new examination centre at the aforesaid city
(ies) while enrolling for December, 2019 examination in addition to the existing
examination centres.
JOINT SECRETARY
DIRECTORATE OF EXAMINATIONS
***
43 e-bulletin – September 2019
2019
All rights reserved. No part of this Bulletin may be translated or copied in any form or by any
means without the prior written permission of The Institute of Company Secretaries of India.
Disclaimer :
Although due care and diligence have been taken in preparation and uploading
this E-bulletin, the Institute shall not be responsible for any loss or damage,
resulting from any action taken on the basis of the contents of this e-bulletin.
Any one wishing to act on the basis of the material contained herein should do
so after cross checking with the original source.
Editorial Team
Dr. S. K. Jena, Director
Dr. Gargi Rajvanshi, Assistant Director
Akansha Gupta, Executive (Academics)
Directorate of Academics