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10 - ICSI Mysore Oct 2006

10 - ICSI Mysore Oct 2006

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Published by api-3730218
ICSI Mysore Newsletter October 06
ICSI Mysore Newsletter October 06

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Published by: api-3730218 on Oct 15, 2008
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Dear Friends,

The month of September posed a few issues on the students\u2019 front. The excellent results from the students in June exam posed the problem of finding Management Training arrangements for the eligible students! With the kind help of Mr. S.

Badrinarayan& Mr. K.R. Ganapathy and our ever dependable Mr. Sabareeshan

we could accommodate some students for management training. I request other members to come forward to take students for Management training in their organizations so that the enthusiasm of the eligible students gets a further boost.

I want to thank Mr. G.D. Ramarao for sparing his valuable time for career counseling at Vidya Vardhaka Degree College. I request other members to join in this effort.

The efforts of the Chapter to enhance the visibility of the Course through the support of the members & students has ensured that the student Registration is on the expected lines. Mysore Chapter has now the distinction of Graduate

Engineer registering for the course!
I request the members to go through the News Letter and give suggestions for
enhancing the quality further. Contributions of articles are most welcome.
Members who have not yet subscribed to the \u201cCompany Secretaries Benevolent
Fund\u201d are requested to subscribe.
Let the festival of lights bring prosperity, peace of mind, health and wealth to
all the members!!
D D Bhat
Chairman \u2013 ICSI Mysore chapter
Election to The Council/Regional Council\u2013 2006

As per Rule 21(3) of the Company Secretaries (Election to the Council) Rules, 2006 (Election Rules, 2006), polling shall be held on two consecutive days in a place having more than 2500 voters. Delhi/New Delhi and Mumbai have more than 2500 voters each and therefore polling shall be held at these locations on two consecutive days i.e. 15th and 16th December, 2006. At other locations polling shall be held only on 15th December, 2006. Time to vote: From 8.00 AM to 7.00 PM.

The counting of votes will commence on 26th December, 2006 at ICSI-NIRC Building, 4, Prasad Nagar,
Institutional Area, New Delhi
Inside\u2026
Chapter News:
Save Environment to Save
Yourself\u20262
Living Room:
Your unlimited Potential\u20263
Web Yatraa:
IEPORT\u20263
News of use\u20264
Market Roundup:
Hedge Funds\u20265
Observer:
Human Organizations\u20266
Book review:
Who moved my cheese\u20267
Article:
ECS & Investors...8
Legal Roundup\u20269
Spectrum space:
Spectrum this month\u202610
Spectrum Answers\u202610
Editors: Dattatri H M, Sarina C H, Kasturi & Spectrum Team
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Various developments in all the sectors has definitely

seen a rise in the GDP and made our life more comfortable, however at the cost of environmental degradation. We as Company Secretaries have an onerous role in environment protection and ensuring its sustenance. Thus the Mysore Chapter of ICSI had organized a session on \u2018Safety and Environment\u2019 on the 17th September, 2006 presided by Sri. Om Guru Prakash, Heading Environment & Safety teams at Sigma Aldrich, Bangalore.

Mr. Om Guru Prakash highlighted various aspects pertaining to environment. \u201cSave the environment and save yourself\u201d was the call. His vast experience in this area in various capacities enabled us to get an insight into the procedures involved in obtaining environment clearance certificates, practical problems involved, etc. He also emphasized the need to conserve natural resources.

Its significance is not only from the point of view of legal compliance but also to ensure peaceful co-existence of all beings. He dwelled upon the legal framework, role of pollution control boards, safety standards, consequences of non compliance and so on. He also elaborated on the steps to be taken while setting up an industry and precautions to be considered. The constant exposure to noise has the threat of causing hearing impairment

amongst the employees. Further the importance of precautions to be taken while handling hazardous substances need not be over emphasized.

The focus was then on the provisions of the Factories Act,1948 pertaining to the safety and health of workers such as ventilation, sanitation facilities, medical checkups, canteen facilities, adequate lighting, provision of drinking water etc.., The role of welfare officer and safety officer was also stressed upon.

On a query about the safety standards of the aerated drinks, he said that the issue of pesticides was secondary. At the elementary level, the contents i.e, carbonated water is evidently harmful and thus its consumption must be refrained.

The session was very interesting and interactive. The enthusiasm of students to learn more in this regard was commendable. In fact it inspired the audience to introspect on their own activities and they endeavored to do whatever possible to curtail environmental degradation. Indeed a true sign of professionalism!!

Let us join our hands in making the world a better place
to live in. Do not forget \u201cTiny drops of water make a
mighty ocean\u201d.
Companies can claim service tax on mobiles as Cenvat

The Mumbai Customs, Excise and Service Tax Appellate Tribunal has ruled that service tax paid on mobile phones is available as credit to eligible service providers of output service and manufacturers. Giving its judgement on a case between Indian Rayon and the commissioner of customs and excise, Bhavnagar, the tribunal made it clear that the department could not rely on the old Central Board of Excise and Customs circular of \u201903 to deny the credit of service tax.

Also, the tribunal pointed out that there was no provision anywhere in the rules disallowing the credit of service tax paid on mobile phones, which in any case was fast replacing fixed line phones in many establishments. It was held that the term \u2018cellular phone\u2019 would include all kinds of phones which would work on cellular technology.

Cenvat credit on mobile phones was never intended to be disallowed under the present Cenvat credit rules. The
judgement delivered by the Mumbai bench will give great relief to assesses for availment of Cenvat credit.
News
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A "potentiality" is the capacity for growth or
improvement; a possibility; a power. For example, if
you were sitting on a box of dynamite, you would be
sitting on a potentiality. The dynamite isn't exploding
. . . but it could.

The fact is: You ARE sitting on a box of dynamite;
and it's big! "Your potentialities are a great deal better
than anyone ever permitted you to believe." -- L. Ron
Hubbard

Right now, you are capable of making improvements
in your career, your finances and your life that are
more significant and satisfying than anything you
have ever done. You can potentially shatter your past
achievement records, eliminate your worst problems
and feel absolutely great. Everything you have done
in the past becomes minor compared to what you can
do in the future.

Most people have the wrong idea about success. They
believe "you can only do so much," or "you just need
to keep on trying" or "success takes time." Such
thinking slows you down and limits your lifetime
achievements.

Instead, simply take a new view of yourself, your
habits and your thinking. And then ACT!
To make a significant, instant improvement in your
career and life, you must jump out of your rut.
Overcome your addiction to safe, conservative plans.
Break out of old patterns and find new attitudes.

Don't settle for small improvements. Do something
bold and exciting. Find a destination you
passionately want and make it happen!

Your Destination

When you plan a vacation, you don't start by
examining the route. You start by choosing a
destination. The route becomes obvious when you
focus on the goal. And the bigger the destination, the
more exciting the trip.

What is the most exciting destination you can
imagine for yourself? What objective makes your
heart pound? What goal lifts your mood?

These are your potentialities. These are your dreams.
These are what you can believe in!

To get there, start by concentrating on the end result.
Put yourself in the picture your dreams. Create a
vision of you reaching your goals.

Then act. Take a small step, a large step or a leap.
Any progress will lead to more progress, as long as
you remember to think of your ultimate success.

The time to start is now. Focus on a goal and light the
fuse!
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www.ieport.com- an encyclopedia for FTP
We all know that only the change is constant in this constantly changing World. One of the best examples

of such change is provisions relating to Foreign Trade Policy. To cope up with International developments and effective regulation, DGFT frequently issues Notifications, Circulars, Import Export Code number and many more guidelines. Moreover Foreign Trade is directly or indirectly deals with many aspects like Customs, Service Tax, RBI, etc. Tracking all these changes is a master task.

Now every one can be achieve this task easily with the help ofwww. iepor t. c om . It is an encyclopedia for Foreign Trade, as it consolidates all informations relating to FTP at one place. Moreover it provides advanced search engine, free help desk and we can install ieport toolbar free of cost. Have a look at the site and become a master of FTP.

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