Chartered Secretaries Rule 2011 #
Chartered Secretaries Rule 2011
The Private Practice Guidelines, 2013 #
The Private Practice Guidelines, 2013 were published by the Institute of Chartered Secretaries of Bangladesh (ICSB) to provide a comprehensive framework for Chartered Secretaries engaging in private practice. These guidelines outline the procedures, requirements, and professional standards for members who wish to practice privately.
The guidelines emphasize the role of ICSB as the regulatory body for Chartered Secretaries in Bangladesh. They highlight the importance of private practice in the profession and the need for a structured approach to ensure high standards of service.
1. Chartered Secretary in Practice #
A Chartered Secretary in Practice is defined as a member who engages in private practice without being employed full-time in any organization. The guidelines specify the activities that constitute private practice, such as providing professional services related to company formation, compliance, and advisory roles.
2. Private Practice Certificate #
To engage in private practice, members must obtain a Private Practice Certificate from the ICSB. The guidelines detail the application process, including the submission of necessary documents and fees. The certificate must be renewed annually, and the renewal process is also outlined.
The guidelines specify the fees associated with obtaining and renewing a Private Practice Certificate. These include the initial certificate fee, annual private practice fee, and annual membership fee. Deadlines for fee payments and penalties for late payments are also provided.
3. Postponement and Cancellation of Private Practice Certificate #
Conditions under which a Private Practice Certificate may be postponed or canceled are outlined. These include voluntary cessation of practice, non-payment of fees, and professional misconduct. The process for notifying the ICSB and the consequences of postponement or cancellation are described.
4. Restoration of Private Practice Certificate #
Members whose certificates have been postponed or canceled can apply for restoration. The guidelines specify the conditions for restoration, including payment of arrears and a restoration fee.
5. Services to be Rendered by a Chartered Secretary in Practice #
The guidelines provide a detailed list of services that Chartered Secretaries in Practice can offer. These include:
- Company Formation and Corporate Restructuring: Services related to the promotion, formation, and restructuring of companies.
- Corporate Laws Advisory Services: Advising on compliance with various corporate laws and regulations.
- Issuing Certificates: Providing certificates under different statutes, such as the Companies Act and Export-Import Policy.
- Tax Planning and Management: Services related to tax computation, filing returns, and representing clients before tax authorities.
- Business Planning and Personnel Matters: Advising on business planning, human resources, and industrial relations.
- Project Planning and Financial Services: Preparing project reports, syndicating loans, and managing investments.
- Foreign Collaborations and Joint Ventures: Advising on international business arrangements and joint ventures.
- Export-Import and Forex Dealings: Providing services related to export-import documentation and foreign exchange management.
- Arbitration and Conciliation: Acting as arbitrators or mediators in dispute resolution.
- Protection of Intellectual Property Rights: Advising on intellectual property matters and acting as registered trade mark agents.
- Auditing and Advisory Services: Conducting various types of audits and providing advisory services on corporate governance and risk management.
6. Restrictions on Other Business/Occupation #
Chartered Secretaries in Practice are prohibited from engaging in other businesses or occupations without the Council’s permission. However, they may take up certain roles, such as non-executive directors or part-time teachers, under specific conditions.
7. Maintenance of a Register #
Practicing members must maintain a register of attestation and certification services provided. This register is subject to inspection by the ICSB to ensure quality control.
8. Place of Business #
Members in private practice must have a designated place of business in Bangladesh. The guidelines specify the requirements for maintaining and reporting the particulars of offices and firms.
9. Approval for Constitution/Reconstitution of Firms #
The guidelines outline the process for obtaining approval from the Council for the constitution or reconstitution of firms. This includes the criteria for firm names and the conditions under which firms can operate.
10. Professional Misconduct #
The guidelines define professional misconduct and the actions that can be taken against members found guilty of such misconduct. This includes reprimand, temporary removal, or permanent expulsion from the register.
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