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wat meant

Nidhi Mittal (C.A.,C.S.) (107 Points)

24 April 2009

CAN ANYBODY TELL IS MEAN BY "LCS" USED IN CONTEXT TO COMPANY SECRETARY

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4 Replies

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 24 April 2009

No idea.

I have heard about ACS & FCS Only.

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Arjun Hariharan (Asst. Manager) (181 Points)
Replied 24 April 2009

LCS stands for Licenciate CS. It means a person who has passed the CS Final exams but has not done the 16-odd months training.

Here, the person has the option to choose between wether he wants to do training & become ACS/FCS or just remain LCS.

It is an interim & recognized degree.

But, unfortunately, there is no such interim degree in our CA Course!!!!!!!!!

If we had such an option, many wud not undergo articleship!!!!!!!!!!!!11

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 24 April 2009

Enrolment as a licentiate

Eligible students who have complied with the following requirements may apply for enrolment as a Licentiate:-

(i)                  A person who has completed the Final examination of the Institute may, within six months from the date of declaration of results in which he has passed the Final examination can apply for enrollment as a licentiate.

(ii)                AAn application for enrolment as a Licentiate is to be made in approved form ST-8 alongwith annual subscriptttion of Rs. 1000/-.

(iii)              Copies of date of birth and graduation certificate or Foundation pass certificate duly attested by any member of the Council/Regional Council/Satellite Chapter of the Institute or any Officer of the Institute.

(iv)              A licentiate shall not ordinarily be allowed to renew his enrolment for more than five years after passing the Final Examination.

On enrolment as a Licentiate of the Institute a person shall be entitled to use the descriptttive letters Licentiate ICSI” to indicate that he has qualified the final examination of the Institute.

Due date for payment of annul subscriptttion :-

a.   The annual subscriptttion of a licentiate shall become due and payable on the First date of April every year.

b. Non-payment of annual subscriptttion on or before the thirtieth of June of a year shall disentitle the person to use the descriptttive letters “Licentiate ICSI” from 1^st July of that year, until his annual subscriptttion for the year is received by the Institute. The name of the person so disentitled shall be published in the Journal.

Nidhi Mittal (C.A.,C.S.) (107 Points)
Replied 25 April 2009

Thanx all 4 such information.Do tell if once u become LCS THEN IN FUTURE U CAN BECOME ACS?.As 15 months training is exempted if u r having 3 yrs experience AS C.A. IN INDUSTRY.so if Once i opted 4 LCS AND IN THE FUTURE I WILL 3 YRS EXPERIENCE IN INDUSTRY SHLL I BECUME ACS