Post Membership Qualification (PMQ) Course in Corporate Restructuring and Insolvency
by The Institute Of Company Secretaries Of IndiaNew Delhi, Mumbai, Kolkata, Chennai, Jaipur, Kanpur, Bangalore, Pune, Bhubaneswar, Hyderabad |
| Eligibility: (Pre-requisites) | The members of the Institute shall be eligible for the admission to the course. Registration for the course will be valid for a period of five years during which the candidate will be required to complete both the Modules. A candidate shall however, register at least six calendar months prior to the month in which the examination commences i.e., if any examination commences in December, candidates registered upto and including the month of May of that calendar year shall be eligible. |
| Medium of instruction: | English |
The concept of insolvency practitioners is gaining prominence in India in the context of restructuring, revival, rehabilitation and winding up of companies. The Companies Bill, 2011 proposes a larger role for professionals like Company Secretaries in the process of revival, rehabilitation and winding up of companies. It requires appointment of Interim Administrator, from panel of professionals including Company Secretaries, who has been assigned vital role to play in the revival and rehabilitation of companies. Similarly, the provisional liquidator or company liquidator to be appointed from the panel of professionals including Company Secretaries to play a critical role in winding up process.
These regulatory prescriptions will open new areas of practice for Company Secretaries. By virtue of globalization, cross border insolvencies will require special skills of insolvency practitioner. As a measure of capacity building of Company Secretaries, the Institute of Company Secretaries of India (ICSI) has decided to introduce Post Membership Qualification (PMQ) Course in Corporate Restructuring and Insolvency.
Object
The PMQ Course in Corporate Restructuring and Insolvency aims at capacity building of Professionals in the area of legal, practical and application oriented aspects of corporate restructuring, rescue and insolvency and matters related thereto.
Objectives
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To enable the candidates to gain acumen, insight and thorough knowledge relating to various aspects of corporate restructuring, rescue and insolvency.
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To provide thorough knowledge of the legal and regulatory framework dealing with corporate rescue and insolvency with help of case studies.
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To provide expert knowledge and skill sets in management and administration of restructuring process with the help of case studies.
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To provide thorough insight into legal, procedural and applied aspects of corporate rescue with reference to international best practices.
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To provide knowledge of global trends and practices so as to have an integrated view of the entire framework for corporate restructuring and insolvency.
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To equip the candidates with the technical, analytical and application oriented skills in corporate restructuring and insolvency.
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To provide professional skills to anticipate and provide practical solutions to legal and technical issues involved in restructuring, rescue and insolvency process.
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To enable candidates to understand and fully appreciate the responsibilities and accountability as insolvency practitioner.
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To set standards of ethics and best practices.
Vision
To be a global leader in promoting good corporate governance.
This course has been developed by the Advisory Board Constituted by the Council of the ICSI comprising representatives from INSOL International, corporates and professionals.
Course Structure
PMQ Course in Corporate Restructuring and Insolvency shall comprise two modules, viz; 'Module A' and 'Module B' as under:
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Module A of the Course shall comprise written examination; and
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Module B of the course shall comprise compulsory workshop.
Module A: Written Examinations
the candidates for 'Module A' shall be examined in the following four papers:
Paper 1 : Corporate Restructuring, Rescue and Insolvency 100 marks
Paper 2 : Strategic Options for Corporate Restructuring 100 marks
Paper 3 : Cross Border Insolvency Practice and procedure 100 marks
Paper 4 : Professional and Ethical Practices for Insolvency Practitioners 100 marks
Module B : Compulsory Workshop
The candidates shall be compulsorily required to attend one day workshop to be organized before the written examination. The candidates would be required to make presentation on case studies assigned in advance and interact with experts and clarify their doubts about the study during the workshop.
Description of Papers – Module A
Paper 1 : Corporate restructuring, rescue and Insolvency (100 marks)
This paper covers conceptual aspects of restructuring and insolvency and the basic regulatory framework relating to insolvency process.
Paper 2 : Strategic Options for Corporate Restructuring (100 marks)
This paper covers strategic options available with respect to restructuring including the role of Board, valuation insolvency.
Paper 3 : Cross Border Insolvency Practice and procedure (100 marks)
This paper covers aspects such as Uncitral Model Law, World Bank principles etc relating to cross border insolvency.
Paper 4 : Professional and Ethical Practices for Insolvency Practitioners (100 marks)
This paper covers Responsibility and Accountability of Insolvency Practitioners including code of conduct.
Mission
To develop high caliber professionals facilitating good corporate governance.
Preparation for the Course
Post Membership Qualification Course in Corporate Restructuring and Insolvency is a specialized course and the candidates pursuing this course will be required to have thorough knowledge of the subjects prescribed under each paper of the course. For this purpose, the candidates will be provided indicative study material and an illustrative bibliography of suggested books and readings.
Examination
Modules of the Post Membership Qualification Course in Corporate Restructuring and Insolvency examination will be conducted at such intervals, in such manner and at such time and place as the Council may decide subject to availability of such minimum number of candidates enrolled for the examinations as may be decided from time to time. The dates and places of the examination shall be published in the Institute's Journal “Chartered Secretary”.
Diploma Certificate
A candidate successfully completing the Post Membership Qualification Course in Corporate Restructuring and Insolvency shall be awarded a Diploma Certificate to that effect in the appropriate form by the Institute and shall be entitled to use the descriptive letters and bracket “DCRI (ICSI)” to indicate that he has been awarded “Post Membership Diploma in Corporate Restructuring and Insolvency” by the Institute of Company Secretaries of India.
Registration : Registration shall be open throughout the year.
For application write to Chief Executive – Designate/Secretary & CEO
| Classroom - Regular | ||||
| When | Duration | Where | Remarks | Price |
| Not Specified | Not Specified | All Venues | Not Specified |
INR 50,000 Per Course (Taxes As Applicable) |
Mumbai, Nariman Point (Regional/Local Office):- WIRC,13, Jolly Maker Chambers NO. 2 (1st Floor) Nariman Point, Mumbai - 400 021, Maharashtra, India
New Delhi, Noida (Branch):- The ICSI, C-37, Sector-62 Institutional Area Noida, New Delhi - 201 309, Delhi, India
New Delhi, Prasad Nagar (Regional/Local Office):- NIRC Building , Plot No:4 Institutional Area Prasad Nagar, New Delhi - 110 005, Delhi, India
Kolkata, Ballygunge (Regional/Local Office):- EIRC Building, 3-A Ahiripukur, 1st Lane Ballygunge, Kolkata - 700 019, West Bengal, India
Chennai, Nungambakkam (Regional/Local Office):- SIRC House, No-9 Wheat Crofts Road Nungambakkam, Chennai - 600034, Tamil Nadu, India
Jaipur, Jhalana Doongri (Other):- ICSI House, A-5/A, Institutional Area, Jhalana Doongri, Jaipur, Rajasthan, India
Kanpur, Kaushalpuri (Other):- 118/90, GUMTI PLAZA 2nd Floor, Gumti No.5 Kaushalpuri, Kanpur, Uttar Pradesh, India
Bangalore, Cunningham Road (Other):- Sheriff Chambers, III Floor Rear Block 14 Cunningham Road, Bangalore, Karnataka, India
Pune, Swargate (Other):- 23, Mukund Nagar, Corner of Lane No.1 Above Dr. Joshi Hospital Swargate, Pune, Maharashtra, India
Bhubaneswar, I R C Village (Other):- ICSI Building, Plot No:70 VIP Colony I R C Village, Bhubaneswar, Orissa, India
Hyderabad, Khairatabad (Other):- 6-3-609/5, Anandnagar Colony Khairatabad, Hyderabad, Andhra Pradesh, India
The Institute Of Company Secretaries Of India
The Institute of Company Secretaries of India(ICSI) is constituted under an Act of Parliament i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980). ICSI is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India. The Institute of Company Secretaries of India awards the certificate of bestowing the designation of Company Secretary(CS) to a candidate qualifying for the membership of the Institute. It was in 1960 that the Company Law Board started a course in Company Secretaryship leading to the award of Government Diploma in Company Secretaryship. As the number of students taking up the Company Secretaryship course grew, the Government promoted on 4th October, 1968, Institute of Company Secretaries of India under Section 25 of the Companies Act, 1956 for taking over from the Government the conduct of Company Secretaryship examination. The Institute of Company Secretaries of India (ICSI) has since been converted into a statutory body w.e.f. 1.1.1981 under the Company Secretaries Act, 1980. The Institute of Company Secretaries of India(ICSI) has on its rolls 27,313 members including 5,225 members holding certificate of the practice. The number of current students is over 3,60,000.
The Institute of company Secretaries of India (ICSI) has its headquarters at New Delhi and four regional offices at New Delhi, Chennai, Kolkata and Mumbai. The Institute has four Regional Councils and under their jurisdiction 70 Chapters as provided in the link below:
ICSI Organisation Structure
Membership of The Institute of Company Secretaries of India(ICSI) has been recognized for appointment to various superior posts and services under the Central Government.
The affairs of the Institute of Company Secretaries of India (ICSI) are managed by a Council consisting of fifteen elected members and five nominees of the Central Government. Pursuant to section 383A of the Companies Act, 1956, companies having a paid -up share capital of Rs 5 crore or more, as prescribed by the Central Government, are statutorily required to appoint a whole-time Company Secretary.
The major contribution of Company Secretary (CS) is in corporate sector. Company Secretary (CS) is an important professional aiding the efficient management of the corporate sector. Company Secretary (CS) is designated as an officer under the Companies Act. Company Secretary (CS) has to interact, coordinate, integrate and cooperate with various other functional heads in a company. A member of the Institute of Company Secretaries of India(ICSI) may also practise independently as a professional after obtaining a certificate of practice as provided in the Company Secretaries Act,1980.
ICSI eLearning
ICSI eLearning Portal is a joint initiative taken by Institute of Company Secretaries of India (ICSI) & GurukulOnline Learning Solutions (GOLS) to provide quality education through Internet.
In order to facilitate ICSI registered students, eLearning portal is available for Foundation , Executive and Professional Program. Students throughout the country including rural and semi urban from other countries can avail this 24x7 hours online study facility as the portal has global reach.
Under elearning,students can have continuous access to studies and guidance of faculties online. The elearning module will enable the students to have access to learning and faculty support at any time as per their convenience.
Interactivity will be established by modules such as Discussion forum and online chat. After the proposed virtual classroom facility under elearning portal. Student will be able to interact live with the faculty. Undergoing of elearning is in addition and not in substitution to compulsory postal tution. elearning is designed to provide a virtual contact between the teacher and the student. Students intending to join elearning are therefore, required to pay additional fees as determined by institute from time to time.
The Institute of Company Secretaries of India (ICSI) -
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The Institute of Company Secretaries of India is constituted under the Company Secretaries Act, 1980 (Act No. 56 of 1980) to develop and regulate the profession of Company Secretaries in India.
-
It was in 1960 that the Company Law Board started a course in company secretaryship leading to the award of Government Diploma in company secretaryship.
-
As the number of students taking up the company secretaryship course grew, the Government promoted The Institute of Company Secretaries of India on 4th October, 1968 under Section 25 of the companies Act, 1956 for taking over from the Government the conduct of company Secretaryship examination.
-
The Institute of company Secretaries of India has since been converted into a statutory body w.e.f. 1.1.1981 under the Company Secretaries Act, 1980.
GurukulOnline Learning Solutions™ (GOLS)
Background :
The pioneer and innovator of eLearning in India, GurukulOnline Learning Solutions™ (GOLS) is today, a leader in this realm. At GOLS, we are driven by a single purpose - ‘to offer a learning experience on the web that is nothing less than revolutionary.' We develop specialised solutions for corporate houses, educational institutions and retail students (B2C – Students) in numerous spheres - synchronous and asynchronous learning, high-end strategy consulting, deployed blended learning, and customised content development, cutting-edge web collaboration and more.
Our partnerships with leading institutions have given us an edge in numerous domains such as Organised Retail, Pharmaceutical & Bio-Tech, Capital Markets, Petroleum, BFSI, ITES-BPO etc. Our expertise in each phase of the eLearning cycle – Consulting, Installation, Integration, Deployment, Training and Support is unmatched in the industry.
