eCSIN Employee Company Secretary Identification Number - Series 501
eCSIN
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.
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
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ReplyDeleteHi,
ReplyDeleteCan 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..
eSCIN has to be generated if the person is doing business?
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