ICSI’S new President and Vice President elected
NEW DELHI: CS (Dr.) Shyam Agrawal, a fellow member of the Institute of Company Secretaries of India (ICSI), has been elected as the President of the Institute of Company Secretaries of India for the year 2017 with effect from January 19, 2017. He is the youngest President of the ICSI till date.
CS Makarand Lele has been elected as the Vice-president of the Institute of Company Secretaries of India (ICSI) for the year 2017 with effect from January 19, 2017.
CS (Dr.) Shyam Agrawal is the Central Council Member of the ICSI, for the term 20152018. A fellow member of the ICSI, he obtained his Masters of Law (LL.M.) and PH.D (Law) on the topic “Micro, Small and Medium Enterprises–an analytical study of Law, Practice and Procedure”.
He was also the Chairman, Northern India Regional Council (NIRC) of the ICSI in 2014 and he was also the youngest Chairman of Jaipur Chapter of NIRC of ICSI in 2009 and 2010.
He is associated with various social, economic and other organisations like: Rajasthan Tax Consultants' Association, Federation of Rajasthan Trade & Industry (FORTI), JCI International (Worldwide Federation of Young Leaders and Entrepreneurs), Institute of Directors, New Delhi, Lions Club Jaipur Professionals, etc.
CS (Dr.) Shyam Agrawal has received accolades from many Social Organisations, Chambers of Commerce and Industry and other Institutions for his distinguished contribution in the development of Society, Profession, Youth, and Industry etc.
He was also awarded the prestigious “Emerging Leader of the year” 2016 award. He has served as the Vice- President of the Institute of Company Secretaries of India for the year 2017.
CS Makarand Lele is a Fellow Company Secretary (FCS) and a member of Institute of Company Secretaries of India since 1992. He has completed his commerce graduation (B.com) from Garware College of Commerce Pune and law graduation (L.L.B) from ILS Law College Pune. He holds the Certificate of Practice of ICSI since 1993.
He is actively associated with the ICSI since 1994. He was a Chairman of the Pune Chapter for the year 2003, when chapter was conferred with the award of ‘Best National Chapter' in India. NEW DELHI: Foreign investors have pulled out over Rs 5,100 crore from the Indian capital market so far this month over concerns regarding "lower prospects" of economic growth as compared to other emerging markets.
The latest FPI outflow followed withdrawal of close to Rs 77,000 crore on net basis from equity and debts together in last three months (Octoberdecember). Prior to that, FPIS had invested over Rs 20,000 crore in the capital markets.
"FPI outflow for this month (January) may be attributed to relative lower prospects of growth in the Indian economy as compared to other emerging markets as well as developed countries," Bajaj Capital Group CEO and Director Anil Chopra said.
"Though the demonetisation decision is being praised by all economic experts, it is also being mentioned in the same breadth that benefits will accrue in medium to long term. In the near term, growth may be compromised due to limited liquidity in the hands of consumers and the slump in the key sectors like automobile and real estate," he added.
Net withdrawal by FPIS from equities stood at Rs 3,255 crore this month (till January 20), while they pulled out a net Rs 1,890 crore from the debt markets, translating into a total outflow of Rs 5,145 crore ($754 million), depositories' data showed.
"FPI'S are pulling out money from both the debt and equity markets since the start of the year. There are three primary reasons to drive FPI capital back to the US. Trumponomics, demonetisation and expectations of GAAR have together lead to a triple blow for FPI investments in India," 5nance. com Chief Executive Dinesh Rohira said.
"We do not see a major turnaround for the next two quarters and so, the first half of 2017 will remain subdued in terms of foreign capital flow. The uncertainties are expected to settle down and reforms will start counting in for the economy in the second half of 2017, accelerating the growth momentum," he added.
Pankaj Pandey, Head of Retail Research at ICICI Direct also said he believes that FPI allocations may remain tepid in the coming months.