About csbf
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The Company Secretaries Benevolent Fund (CSBF) was established in 1976 by the Institute of Company Secretaries of India to provide financial assistance and security to members. The Fund provides up to Rs. 40,000 for medical expenses of members and their families, and Rs. 10,000 per child for education (up to 2 children) of deceased members' families. It also provides a Rs. 2,00,000 life insurance policy for members until age 60, and additional financial assistance of Rs. 1,00,000 to deceased members' families. To become a member, one pays a one-time Rs. 5,000 contribution which provides lifetime membership in the Fund.
About csbf
- 1. Company Secretaries Benevolent Fund 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 40,000 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. 1,00,000/- 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 1,00,000/- from the fund depending upon the merit of the case. The assistance is provided in minimum time possible. Details of the Benevolent Fund 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. Financial Position of the Fund (as on 31.3.2010) Corpus: Rs 291.26 lacs Investments: Rs 353.65 lacs Total number of members: 7188 Total assistance provided in the year 2009-10 : Rs 10.57 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. ... And it's all so easy You have just to fill up a form provided hereto become a member of the Fund. You have to pay a small amount of Rs 5000/- 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