Diligence Report for Banks

Introduction

The Reserve Bank of India vide its Circular No. DBOD NO. BP. BC. 46/08.12.001/2008-09 dated September 19, 2008 advised all the scheduled commercial Banks (excluding RRBs and LABs) to obtain regular certification (DILIGENCE REPORT) by a professional, preferably a Company Secretary, regarding compliance of various statutory prescripttions that are in vogue, as per specimen given in the aforesaid notification. RBI has subsequently vide Circular No. RBI/2008-2009-313/DBOD No. B.P. BC 94/08.12.001/2008-2009 dated December 08, 2008 revised and streamlined the formats. Subsequently RBI vide its Circular No. UBD.PCBNo. 36/13.05.000/2008-09 dated January 21, 2009 advised all Primary Urban Co-operative Banks to also obtain Diligence Report. The formats have been revised vide RBI Circular No. DBOD.No. BP.BC.110/08.12.001/2008-09 dated February 10, 2009.

ICSI – CCRT is organising this program to familiarise the Members with the intricacies and responsibilities in issuing the Diligence Report.

Days, Dates & Timings

Friday May 01, 2009                                                              09.30am to 05.30pm

Venue

ICSI-CCRT, Plot No. 101, Sector 15, Institutional Area, CBD Belapur, Navi Mumbai – 400 614

Proposed Coverage

Ø       Background, Scope & Professional Responsibility

Ø       Format of Diligence Report

Ø       Methodology

Ø       Compliance Inputs & Checklists

Ø       Competency Building 

Faculty Include

·       Shri S.N. Ananthasubramanian

      Practising Company Secretary

·       Shri M.V. Phadke,

      General Manager (Legal), IDBI Bank Ltd.

·       Ms. Shailashri Bhaskar

     Practising Company Secretary &

     Former Deputy General Manager,  SEBI

·      Shri Ramesh Lakshman

     Chartered Accountant,

     Ramesh Lakshman & Company

·      Shri S. Kothandaraman*

    General Manager - Risk Management, Credit Monitoring,

    Bank of India

Fees

Rs.  1250.00 per  person for Members of ICSI

Rs.  1500.00 per person for Others

to cover the cost of  Course Kit, Lunch & other organisational expenses.