National Seminar on “Indian Financial Code” Recommended by
Financial Sector Legislative Reforms Commission
Saturday, the June 15, 2013
9.30 am to 4.15 pm
Venue: Hotel Maurya, Patna
Registration: 9.00 am
Four PCH for ICSI Members
National Seminar on “Indian Financial Code” recommended
by
Delegate Fee: Rs. 750/- + 12.36% service tax
Eight PDP for ICSI Students
Financial Sector Legislative Reforms Commission
Dear Professional Colleagues,
The Financial Sector Legislative Reforms Commission (FSLRC) submitted its report on March 22, 2013 to the
Hon’ble Finance Minister. The Government has invited comments/suggestion on the report of the FSLRC by July
15th, 2013.
FSLRC has made several recommendations, including enactment of the Indian Financial Code (IFC) to meet
the needs of tomorrow’s India. The salient features of the IFC are:
a.
It repeals a number of extant financial sector legislations and amends a large number of other
legislations. In particular, it repeals the RBI Act, 1934, the Insurance Act, 1938, the Public Debt Act, 1944,
the Banking Regulation Act, 1959, the FCRA, 1952, the SCRA, 1956, the SEBI Act, 1992, the Depositories
Act, 1996, the FEMA, 1999, the IRDA Act, 1999, etc.
b.
It proposes a regulatory architecture featuring a set of seven agencies to govern the financial sector. In
particular, it has created the Unified Financial Authority by merging the existing SEBI, FMC, IRDA and
PFRDA and parts of RBI.
c.
It has substantially strengthened the independence and accountability arrangements for the regulators.
d.
It is based on timeless principles which are legally rigid but functionally flexible to proactively meet the
challenges of dynamic market environment.
e.
It provides for a comprehensive framework for consumer protection, prudential regulation, regulation of
certain types of financial contracts, market abuse, resolution of financial service providers, systemic risk
oversight, effective and affordable access to financial services, market development, capital controls,
and public debt management in India.
In order to facilitate healthy debate on the recommendations of the FSLRC, including the Indian Financial
Code, among the people who matter in the financial markets and to sensitise the various professionals,
including Company Secretaries, about the likely reforms path in the financial legislations, the Institute is
organising a series of seminars and workshops throughout the country. It has already organised three hugely
successful national seminars–one in Hyderabad, second one in Mumbai and the third one in New Delhi. It has
now scheduled another National Seminar on Saturday, the June 15, 2013 at Patna.
Mr. Sushil Kumar Modi, Hon’ble Deputy Chief Minister of Bihar has very kindly consented to inaugurate the
seminar as the Chief Guest. Distinguished experts from government, regulators, industry and academia have
agreed to deliberate the recommendations of the FSLRC.
The participation fee for the programme is Rs. 750 /- + 12.36% service tax.
We are pleased to enclose Registration Form for the programme. The Registration Form duly filled along with the
Delegate Fee may be deposited with:
B/27,
2nd
Patna Chapter
Floor, Luv Kush Towers, Exhibition Road, Patna-800 001
For any clarification, please contact at 0612-2322405/Mobile:9234405754/patna@icsi.edu
Participants are requested to be in their seats by 9.30 am
CS Santosh Kumar
Programme Coordinator
ICSI National Seminar
CS Ashok Kumar Pareek
Central Council Member, The ICSI
Programme Director
National Seminar on “Indian Financial Code” Recommended by
Financial Sector Legislative Reforms Commission
Saturday, June 15, 2013 at 9.30 am to 4.15 pm
at Hotel Maurya, Patna
Registration Form
Delegate Fee:
Four PCH for ICSI Members
Eight PDP for ICSI Students
Rs. 750/- + 12.36% service tax
Delegate Details
Sr.
No.
Delegate
Name
Designation&
Organization
Address & Mobile
No.
E-mail ID
ACS/FCS/
PCS Number
Delegate
Fee
Please complete this form & return along with delegate(s) fee in cash/Cheque/DD at the
following address:
B/27,
2nd
Patna Chapter
Floor, Luv Kush Towers, Exhibition Road, Patna-800 001
Phone: 0612-2322405; Mobile: 9234405754; e-mail: patna@icsi.edu
Particulars of Payment
Cash / Cheque / DD No. _______________________ dated _________________ for Rs._____________
In favour of “Patna Chapter” payable at Patna towards participation fee is enclosed.
Date : _______________
Signature