Date: February 28th, 2022

Dear Students,

The Directorate of Academics of the Institute has brought out ‘Student Company Secretary’ issue and CS
Foundation Course e-bulletin for February, 2022.

The broad contents of “Student Company Secretary” February 2022 edition are:
1. Recent Initiatives for Students
2. Articles on the following topics:
 Emerging Financial Transformation and Today’s Professionals
 Liability of Directors of a Private company under the Income Tax Act
3. Practice Mentor – Practical aspects of Book building
4. Regulatory Updates –
 The Companies (Registration of Offices and Fees) Amendment Rules, 2022 (January 11, 2022)
 MCA Notifications No. S.O. 147(E) and S.O. 148(E) dated January 11, 2022
 Change in control of the asset management company involving scheme of arrangement under
Companies Act, 2013 (Circular No. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/10 dated January
31, 2022)
 Introduction of Special Situation Funds as a sub-category under Category I AIFs (Circular No.
SEBI/HO/IMD-I/DF6/P/CIR/2022/009 dated January 27, 2022)
 SEBI (Mutual Funds) (Amendment) Regulations, 2022 (January 25, 2022)
 Issuance of Securities in dematerialized form in case of Investor Service Requests (Circular No.
SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022)
 SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022
(January 24, 2022)
 Consultation Paper on Environmental, Social and Governance (ESG) Rating Providers for
Securities Markets (January 24, 2022)
 SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 (January
14, 2022)
 SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2022 (January 14, 2022)
 SEBI (Settlement Proceedings) (Amendment) Regulations, 2022 (January 14, 2022)
 Increasing Awareness regarding Online Mechanisms for Investor Grievance Redressal (Circular
No. SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2022/05 dated January 05, 2022)
5. Company Law Corner – Class actions suit and international perspective
6. Legal Maxims- Ex cathedra, Ex turpi causa non orituractio, Extant, Gravamen, In future
 7. Legal World
 Corporate Laws – Kailash Nath Agarwal & Ors v. Pradeshiya Industrial & Investment
Corporation of U.P. Ltd. & Anr. [SC]
 Corporate Laws – Devas Multimedia Pvt Ltd v. Antrix Corporation Ltd [SC]
 Competition Laws - Digital News Publishers’ Association v. Alphabet Inc. & Ors [CCI]
 General Laws- Huawei Telecommunications (India) Co. Pvt Ltd & Anr v. Wipro Limited [Del]
8. Matter from Directorate of Examination, Student Services, Membership & News from Regions

The Student Company Secretary e-journal for the month of February, 2022 may be accessed at the weblink:
https://www.icsi.edu/media/webmodules/publications/fcb/28022022_SCS_e_Journal_Feb_2022.pdf.pdf 
Also, the previous issues of “Student Company Secretary” are available at the weblink:
https://www.icsi.edu/student/academic-portal/student-company-secretary/

You are advised to refer the ‘Student Company Secretary’ e-Journal on regular basis to keep yourself
updated with the latest developments taking place in the relevant field.

With Best Wishes

CS Alka Kapoor
Joint Secretary (Senior Grade)
Dte. of Academics, E-Academics, and Printing, The ICSI
e-mail: alka.kapoor@icsi.edu
Web: www.icsi.edu