Dear Professional Colleagues,

The corporate legal scenario is going to face a sea change once the
new companies’ bill is passed in the Parliament. The new concepts
introduced in the Bill, such as one Person Company, key managerial
personnel etc. will surely create a new corporate era. The concept of
self-regulation by companies is clearly envisaged in the proposed Bill.
Another flagship initiative by the Ministry of Corporate Affairs is the LLP
Bill, 2008. It will surely change the mood of practicing professionals in
India. With the passing of LLP Act, practicing CAs, CSs etc. can
constitute mega partnership firms, having un-limited numbers in their
partners, at the same time privileging from the limited liability. The
draft LLP Rules, gives various opportunities for professionals, specially
practicing company secretaries, in the matter of pre-certification of e-
forms.
The MCA has also mooted the concept of Council of Valuation
Professionals, in order to professionalize valuation industry. Clause 13
of the proposed Bill recognizes, ICAI, ICSI & ICWAI as recognized
institution for conducting valuation courses. Friends, CIER welcome all
the above initiatives, and assure you that CIER will take all efforts to
education the new laws to the budding corporate professionals.

On 5th November, 2008 CIER convened one-day seminar on Companies

Bill, 2008, in the theme ‘The Company Law Convergence’, which was a
huge hit. CIER proposes to conduct one-day seminar in LLP in the
month of January, 2009.

With kind regards

CS. B. Bilu
Founder, CIER
bilu@ciermail.com