The institute of company secretaries of india

The Union Minister for Rural Development Shri M Venkaiah Naidu speaking at a National Seminar on SEBI Capital Market organised by the Institute of Company Secretaries of India ICSI

The Institute of Company Secretaries of India (ICSI) is constitutional expert body constituted under the Company Secretaries Act, 1980 (Act No. 56 of 1980) passed by the assembly of India. ICSI is the only standard qualified body to develop and regulate the profession of business Secretaries in India. The Institute of Company Secretaries of India awards the certificate bestow the designation of Company Secretary (CS) to a candidate qualifying for the membership of the Institute. ICSI has its H.Q. at New Delhi and four regional offices at New Delhi,Mumbai, Chennai and Kolkata.

It was in 1960 that the Company Law Board in progress a course in Company Secretary ship leading to the award of Government Diploma in Company Secretaryship. As the number of students taking up the Company Secretaryship course grew. The Institute of Company Secretaries of India (ICSI) has since been converted into a statutory. ICSI has on its 21,042 members including 3,523 members holding certificate of the practice. The number of current students is over 1,50,000.

Membership of ICSI has been standard for appointment to various superior posts and services under the Union Government. The affairs of the ICSI are managed by a Council consisting of fifteen elected members and five nominees of the Central Government. Pursuant to section 383A of the Companies Act, 1956, companies having a paid-up share capital of Rs 6 crore or more, as prescribed by the Central Government, are statutorily required to appoint a whole-time Company Secretary.

 

Mr. Pramod Shah, Member (Executive Committee, CFBP) represented CFBP at the programme held on Sunday, 11th July 2004, at 10.30 a.m. at ICSI-CCRT (Centre for Corporate Research and Training of the Institute of Company Secretaries of India) Belapur, Navi Mumbai. Mr. S. S. Bhandare, Eminent Economist & Mrs. Nina Kapasi, Chartered Accountant, Mr. A. Lahiri,Dean, ICSI-CCRT were among the key speakers.

The major contribution of Company Secretary (CS) is in commercial/business sector. Company Secretary (CS) is an important professional aiding the efficient management of the corporate sector. Company Secretary (CS) is designated as an officer under the Companies Act. Company Secretary (CS) has to interact, coordinate, incorporate and collaborate with various other functional heads in a company. A member of the ICSI may also practise independently as a expert after obtaining a certificate of practice as provided in the Company Secretaries Act, 1980.

Hence there are two areas in the career viz. in whole time employment and whole time practice.

As per the Companies Act 1956, if the company is having more than Rs. 5 crore of paid up share capital, it is mandatory to appoint a full time Company Secretary, and if company has a paid up capital of Rs. 10 lakhs and more but less than Rs. 5 crores, it has to file with Registrar of Companies a compliance certificate from a Practising Company Secretary.