ICSI has established the Company Secretaries Benevolent Fund (CSBF) in the year 1976 which seeks to create big security umbrella to derive comfort and Security
Benevolent Fund – We Care
The Fund provides assistance for education/medical or for any other similar purpose in deserving cases to the
¢ Members of the ICSI
¢ Spouse and Children of the deceased members
Looking towards Secure Future
¢ The financial assistance upto Rs. 60,000 is provided to the members for medical expenses for self, spouse or dependents in deserving cases on receipt of request.
¢ Financial assistance for education at the rate of Rs. 10,000/- per child (subject to maximum of two children) in deserving cases is provided to the family of the deceased members.
¢ As a member of the Fund upto the age of 60 years it covers the member’s future through the Group Life Insurance Policy for a sum of Rs. 2,00,000/-. In addition to this additional financial assistance of Rs. 3,00,000/- is provided to the family of the deceased member of the Fund from the CSBF. The widow /dependents of the deceased member above 60 years of age may be provided financial assistance upto Rs. 2,00,000/- from the fund depending upon the merit of the case.
¢ The assistance is provided in minimum time possible.
Details of the Benevolent Fund
¢ Corpus: Rs. 311.63 lacs
¢ Investments: Rs. 404.79 lacs
¢ Total number of members: 7901
¢ Total assistance provided in the year 2010-11 : Rs. 14.55 lacs
Advantages to you
¢ Contribution to the Fund is a noble cause.
¢ Members of the ICSI after becoming the member of CBSF get the additional security shield for the life.
¢ Contribution to the Fund qualify for the deduction under section 80-G of the Income Tax Act, 1961.
It’s all so easy
¢ You have just to fill up a form provided here to become a member of the Fund.
¢ You have to pay a small amount of Rs.7,500/- as a one time contribution for your life membership of the Fund.
¢ You have to provide the names of the dependents.
¢ You can deposit the form at Headquarter or with any Regional Council/Chapter
¢ The cheque / Demand draft has to be drawn in favour of Company Secretaries Benevolent Fund. The application has to be made to the Secretary & CEO of the ICSI
¢ Fund is a society registered with the Registrar of Societies, New Delhi
¢ Fund is managed by the Committee consisting of 12 members
¢ President , Vice President and Secretary of the ICSI are ex-officio members of the Managing Committee of the Fund
¢ The Fund is recognised under the Section 12 A of the Income Tax Act.