National Seminar on “Indian Financial Code” Recommended by
Financial Sector Legislative Reforms Commission
Wednesday, the May 22, 2013
9.00 am to 5.15 pm
The Ashok, New Delhi
Registration: 8.30 am
Seminar
on “Indian
Financial Code”
recommended
byto be in
Participants
are requested
DelegateNational
Fee : Rs. 750/+ 12.36% service
tax
Financial
their seats by 9.00 am
Free for Corporate Members
of NIRCSector
of ICSI Legislative Reforms Commission
Four PCH for ICSI Members
Dear Professional Colleagues,
The Financial Sector Legislative Reforms Commission (FSLRC) submitted its report on March 22, 2013 to the
Hon’ble Finance Minister. It 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 two hugely
successful national seminars – one in Hyderabad and the other in Mumbai. It has now scheduled another
National Seminar with the support of National Stock Exchange of India Ltd. on Wednesday, the May 22, 2013 at
The Ashok, New Delhi.
Mr. P. Chidambaram, Hon’ble Union Minister of Finance, Government of India, has very kindly consented to
inaugurate the seminar as the Chief Guest. Many distinguished experts from government, regulators, industry
and academia have agreed to deliberate the recommendations of the FSLRC.
The tentative schedule of the Seminar is attached.
The participation fee for the programme is Rs. 750 /- + 12.36% service tax.
There is no participation fee for Corporate Members of NIRC of ICSI. The Corporate Members are requested to
give the advance intimation for attending the Seminar to NIRC of ICSI at niro@icsi.edu.
We are pleased to enclose Registration Form for the programme. The Registration Form duly filled along with the
Delegate Fee may be deposited with:
Northern India Regional Council
ICSI-NIRC Building, Plot No. 4, Prasad Nagar Institutional Area, New Delhi – 110 005
For any clarification, please contact at 011-49343002 /niro@icsi.edu
CS M G Jindal
Chairman, NIRC of The ICSI
Programme Co-ordinator
CS Sanjay Grover
Central Council Member, The ICSI
Programme Director
National Seminar on “Indian Financial Code” Recommended by
Financial Sector Legislative Reforms Commission
Wednesday, May 22, 2013 at 9.00 am to 5.15 pm
at Convention Hall, The Ashok, 50B, Diplomatic Enclave, Chanakyapuri, New Delhi 110 021
Registration Form
Delegate Fee :
Rs. 750/- + 12.36% service tax
Four PCH for ICSI Members
Free for Corporate Members
of NIRC of ICSI
Delegate Details
Sr.
No.
Delegate
Name
Designation&
Organization
Address & Mobile
No.
E-mail ID
ACS/FCS/P
CS Number
Delegate
Fee
Please complete this form & return along with delegate(s) fee in cash / Cheque / DD at the
following address:
Northern India Regional Council of ICSI
ICSI-NIRC Building, Plot No. 4
Prasad Nagar Institutional Area, New Delhi – 110 005
Phone : 011-49343002; Fax : 011-25722662 ; e-mail : niro@icsi.edu
Particulars of Payment
Cash / Cheque / DD No. _______________________ dated _________________ for Rs._____________
In favour of “NIRC OF ICSI” payable at New Delhi towards participation fee is enclosed.
Date : _______________
Signature