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Home   Careers   Sealed quotations are invited from Practicing Company Secretaries  
Sealed quotations are invited from Practicing Company Secretary/Firm of Practising Company Secretaries for performing secretarial related works of IFCI Financial Services Limited and its subsidiaries. The details are as follows:
IFCI Financial Services Limited (IFIN)
IFIN was set up in 1995, by IFCI Ltd, to provide a wide range of financial products and services to institutional and retail clients. IFIN is primarily involved in the business of Stock Broking, Currency Trading, Depository Participant Services, Merchant and Investment Banking, Insurance (Corporate agent for both life and General Insurance), Mutual Fund Products Distribution and Corporate Advisory Services. Presently, IFIN is subsidiary of IFCI Ltd and has three wholly-owned subsidiaries namely IFIN Securities Finance Ltd, IFIN Commodities Ltd and IFIN Credit Ltd.
IFIN Securities Finance Limited (ISFL)
IFIN Securities Finance Ltd, a NBFC is primarily engaged in the business of margin funding, providing loan against shares & property, promoter funding etc.
IFIN Commodities Limited (ICOM)
IFIN Commodities Ltd, a registered member of the Multi Commodity Exchange of India Ltd (MCX), National Commodity and Derivatives Exchange Ltd (NCDEX) and National Spot Exchange Limited (NSEL), is primarily engaged in the business of providing Commodity market related transaction services.
IFIN Credit Limited
IFIN Credit Ltd is not engaged in any major business activity. The Company is in the process of getting merged with IFIN Commodities Limited. The surplus fund has been placed as fixed deposit.
Scope of Work for Practicing Company Secretary/Firm of Practising Company Secretaries
The scope of work for Practicing Company Secretary/Firm of Practising Company Secretaries (hereinafter referred to as “PCS”) interalia includes following works for IFIN and its subsidiaries:
  • To ensure compliance with various applicable laws governing the organization interalia Companies Act, RBI regulations relating to NBFCs & other regulatory requirements,
  • Maintenance of statutory registers,
  • Assist in preparing Notice, Agenda and other related papers for convening Board, Committee and shareholders meetings
  • Preparation of minutes for Board, Committee and shareholders meetings and Circular resolutions whenever required
  • Liaison with Registrar of Companies, RBI, Bankers and such statutory authorities
  • Filing various forms and returns with MCA, RBI and such statutory authorities
  • Monitoring changes in relevant legislation and the regulatory environment and taking appropriate action
  • Follow up work for merger and amalgamations with the consultants
  • To provide relevant secretarial information to other departments of the Company, holding company of IFIN, consultants appointed from time to time and various other parties as and when required
Other Requirements
The PCS shall ensure that
  • minimum of 1 person who is a Semi-qualified Company Secretary, is present at the Company during its entire office hours on all working days; and
  • the fully qualified Practicing Company Secretary or in case of a Practicing Company Secretary firm, any one of its partners is present at the office of the Company at least once in a week during entire office hours of that day to monitor the compliance of abovementioned scope of work.
The application shall be sent along with profile of the PCS. PCS or any one of its partners shall have a minimum of 12 years experience in handling Secretarial matters.

The application along with profile shall reach us by 17 /2/2016, 4.00 PM. The bids will be opened on 17/2/2016, 5.00 PM in the presence of Managing Director of IFIN.
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