CS MERIT-CUM MEANS AN ASSISTANCE SCHEME 1983 | ICSI LIVE UPDATE

MERIT-CUM MEANS AN ASSISTANCE SCHEME IN 1983

In pursuance of para 13 of the "Merit-cum-Means Assistance (Company Secretaryship Course)

The scheme, 1983", as amended up to 25th April 2015, applications are invited to reach the Institute in the prescribed form on or before 2lh May 2023 for the award of 25 numbers of financial assistance for

pursuing the Professional Programme of the "Company Secretaryship" for students who fulfill the

eligibility criteria laid down under the said scheme.

According to the scheme, a candidate applying for assistance should have passed Both Modules of

the Executive Programme examination without exemption in any paper, ai or sitting, in the first

attempt in CS December 2022 examination. The total income of such an applicant employed or

is having an independent source of income, should not be more than Rs.2,40,000/- per annum, and if

he/she is dependent on his/her parents/guardian/spouse whether partially or wholly, the combined

gross income from all sources should be Rs.3,60,000/- per annum.

The prescribed application form together with a copy of the Merit-cum-Means Assistance (Company

Secretaryship Course) The scheme, 1983 can be downloaded from the Institute's Website at

https://www.icsi.edu/media/website/Application%20Form.pdf. Applications not made on the

prescribed forms andiron without supporting documents, incomplete applications, applications not

fulfilling the eligibility criteria laid down under the scheme, or applications not reaching the Institute

on or before 2fn May 2023 arc is liable to be summarily rejected. Source

Merit Scholarship (Company Secretaryship Course) Scheme, 1983

( As amended upto 18th August 2009 )

1. OBJECT

The scheme is intended to recognize meritorious performance in the Institute‟s examinations

and accordingly provide scholarships to meritorious candidates to pursue studies for the

Intermediate/Executive Programme and Final/Professional Programme examinations of the

company secretaryship course.

2. TITLE

The scheme shall be called “Merit Scholarship (Company Secretaryship Course) Scheme,

1983”.

3. DATE OF COMMENCEMENT

The scheme shall come into force from 1st March 1983.

4. ADMINISTERING AUTHORITY

The Examination Committee of the Council shall be the administering authority of the

scheme.

5. DEFINITIONS AND INTERPRETATION

5.1 Definitions: In the scheme, unless the context otherwise requires all definitions and

expressions as given in the „Company Secretaries Regulations, 1982‟ as amended from time to

time shall equally be applicable.

5.2 Interpretation: The interpretation as may be given by the Secretary & CEO on any matter

about the scheme specified or not specified herein shall be applicable unless otherwise

decided by the Examination Committee as provided in para 15 of this scheme.

6. AWARD OF MERIT SCHOLARSHIP

The merit scholarship shall be granted purely in order of merit only to a registered student for

the Intermediate or Final examination, as the case may be.

6.1 For Intermediate Course

The candidate should —

— have passed all the papers of the Foundation examination in one sitting, in the first

attempt, without exemption in any paper, and secured at least a minimum of 55 per

cent marks in the aggregate; and

— have applied for registration as a student of the Institute by making an application in the

prescribed form(s) together with the requisite registration fee within three months from

the date of declaration of his/her result of the Foundation examination.

6.2 For CS Final Course

The candidate should have passed all the papers included under both groups of Intermediate

examination at one sitting, in the first attempt, without exemption in any paper, and secured

at least a minimum of 55 percent marks in the aggregate.

7. NUMBER OF SCHOLARSHIPS

7.1 For Intermediate Course: The number of scholarships for the Intermediate course shall not

exceed 25 in each session or 50 in a year.

7.2 For Final Course: The number of scholarships for the Final course shall not exceed 25 in each

session or 50 in a year.

However, if the number of candidates eligible for scholarships is more than the number of

scholarships available at any particular session, the Institute may award a stipulated number of

scholarships in order of merit of marks obtained, proportionately dividing the total scholarship

amount equally in some or all cases.

8. VALUE

The amount of the full scholarship per student will be Rs. 500 per month.

9. DURATION

The grant of the scholarship shall commence from the month following the month of declaration

of results of the Foundation/Foundation Programme or Intermediate/Executive Programme

examination and shall last up to and including the month in which the candidate, for the first

time, be normally eligible to appear in the next immediate Intermediate/Executive

Program/Final/Professional Programme examination, as the case may be, OR 12 months

whichever is earlier.

10. CONDITIONS FOR CONTINUANCE OF SCHOLARSHIP

The scholarship shall continue for a period specified in para 9 above, subject to the following

conditions:

— that the student consciously and diligently pursues the studies and complies with

all the requirements and formalities as may be specified by the Institute from time

to time;

— that his/her progress in pursuing postal/oral coaching shall be regular and satisfactory,

and subject to review by the Institute on a quarterly basis; and

— that the conduct of the student is found satisfactory, as provided in Regulation 27.

11. ANNOUNCEMENT REGARDING THE AWARD OF THE SCHOLARSHIP

The Institute may notify through “Student Company Secretary” and “Foundation Course”

Bulletins at least once every six months normally in April/May and

October/November issues regarding the award of scholarships for each session.

Contd..3.

: 3 :

12. COMMUNICATION

The decision about the award of scholarships will be communicated individually to the

awardees and also published in the bulletin “Student Company Secretary”.

13. PAYMENT OF SCHOLARSHIP

The scholarship amount will normally be paid to each awardee at the beginning of each

month for the previous month by way of a crossed account payee cheque/demand draft subject

to his/her fulfilling the conditions about the award of the scholarship.

14. CANCELLATION OF SCHOLARSHIP

The scholarship may be recovered, withdrawn, or canceled, at the discretion of the Institute,

if at any time it is found that:

— the student is not pursuing postal/oral coaching or a course of studies to the

satisfaction of the Institute or otherwise considered not eligible for the continuance of the

scholarship;

— his/her conduct has not been found satisfactory in pursuance of regulation 27 of the

„Company Secretaries Regulations, 1982‟.

15. DECISION OF THE EXAMINATION COMMITTEE FINAL

15.1 The decision of the Examination Committee shall be final on all matters relating to the

the scheme, including the meaning and interpretation to be given about any provision

contained in the scheme.

15.2 The Examination Committee reserves the right to amend the scheme from time to time or

repeal it without any prior notice. Source

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