eCSIN Employee Company Secretary Identification Number - Series 501


Oval: Series 501eCSIN
Employee Company Secretary Identification Number

In exercise of the powers conferred by clause (1) of Part II of the Second Schedule to the Company Secretaries Act, 1980 as amended by the Company Secretaries (Amendment) Act, 2006. The council member in its 261st meeting held on 27th June, 2019 issued Employee Company Secretary Identification Number.
     
Applicability:
I.            It is applicable on Company Secretaries in Employment.
II.  Any Person getting employment w.e.f. 01st October, 2019 needs to obtain eCSIN.
III.   Any person already appointed in companies till 30th September, 2019 need to obtain eCSIN till 31st December, 2019

        OBJECTS

  I. To monitor the appointment and cessation of Company Secretaries in Employment.
II. To bring more transparency by creating a platform to identify the Company 
     Secretaries employed in a particular company;
III. It shall provide an opportunity to the members to update their professional address simultaneously in the Institute’s Register of Members maintained in terms of Regulation 3 of The Company Secretaries Regulations, 1982.
     Applicability
·        eCSIN shall be generated by the Company Secretary at the time of employment as a Company Secretary,
·        eCSIN shall be generated by the Company Secretary at the time of demitting office in any manner (resignation / removal / retirement / disqualification).
·        eCSIN is to be generated at the time of filing of form DIR-12 in terms of Section 203 of the Companies Act, 2013 and the Rules framed thereunder.
·  The same is mandatorily required to be quoted on the consent letter and resignation letter / cessation letter to be attached with the form DIR-12.
 Quick bite:
A.   Whether it is mandatory to mention eCSIN on Consent Letter, Resignation Letter or Cessation Letter.

Yes, it is mandatory to mention the same on all these documents.

B.   Whether DIR-12 can be file with consent letter not mentioning eCSIN?

NO, DIR-12 required to file with letter containing eCSIN.

eCSIN Generation
(i)     The member of the Institute shall visit the designated website, create a login id and 
       password by entering the Membership Number, Phone No., Email id, AADHAR, 
       Income Tax PAN, and such other particulars as may be mandated.
(ii)    The login id would be verified through an electronic application.
(iii)  The eCSIN shall be a system generated random alphanumeric number.
(iv)    No document is required to be uploaded.
(v) eCSIN shall be shared only on registered Email id of the Members or through 
     electronic mode.
(vi) Member Name, ICSI Membership No., CIN & Name of the Company, Income Tax PAN No. of member, Date of Appointment / cessation, Date of Board Resolution, (as the case may be) shall be disclosed at the time of generation of eCSIN.
(vii)        No fee for registration/generation of eCSIN.

In case of violation Member is liable for action as professionals misconduct under Company Secretaries Act, 1980 r/w first and second schedule to the CS Act, 1980.

(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com).

Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION

Comments

  1. Hi,
    Can generation of eCSIN be helpful in cases where CS wanna resign from the job due to management deliberate non-compliance however, the board doesn't approves the resignation.
    In such case, due to non-availability of board approval, DIR-12 can't be filed timely and name of the candidate appears on the portal even after resigning from the job because of non-filing of DIR-12. In such scenario, can this eCSIN generation be a savior for the professional? if yes, how because again it is asking for Board resolution date and item no which won'be possible as Board is not ready to allow the CS to resign..
    In such case, its a very trapful situation for the professional..

    ReplyDelete
  2. eSCIN has to be generated if the person is doing business?

    ReplyDelete

Post a Comment

Popular posts from this blog

Declaration of Commencement of Business - Series 487

Vacancy Updates (Through Google Form) | Dated: 20-August-2020

Process of Conversion of Loan into Equity