The Institute Of Company Secretaries of India


the institute of company secretaries of india

The Institute of Company Secretaries of India(ICSI) is formed under an Act of Parliament i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980). ICSI is the one recognized professional body in India to develop and regulate the profession of Company Secretaries in India. The Institute of Company Secretaries of India conferred the certificate of bestowing the designation of Company Secretary(CS) to a candidate qualifying for the membership of the Institute.

It was in 1960 that the Company Law Board commenced a course in Company Secretaryship leading to the award of Government Diploma in Company Secretaryship. As the number of students taking up the Company Secretaryship course increased, the Government promoted on 4th October 1968, Institute of Company Secretaries of India under Section 25 of the Companies Act, 1956 for taking over from the Government the conduct of Company Secretaryship examination.

The Institute of Company Secretaries of India (ICSI) has since been changed into a statutory body w.e.f. 1.1.1981 under the Company Secretaries Act, 1980. The Institute gives top-quality education to the students of Company Secretaries (CS) Course and best quality set standards to CS Members. Currently, there are more than 50,000 members and about 4,00,000 students on the role of ICSI.

The Institute of Company Secretaries of India (ICSI) has its headquarters at New Delhi and four regional branches at New Delhi, Chennai, Kolkata, and Mumbai.

ICSI Organisation Structure

Membership of The Institute of Company Secretaries of India(ICSI) has been recognized for appointment to several superior posts and services under the Central Government.

The affairs of the Institute of Company Secretaries of India (ICSI) are controlled by a Council consisting of fifteen elected members and five nominees of the Central Government. Starting to section 383A of the Companies Act, 1956, companies having a paid-up share capital of Rs 5 crore or more, as prescribed by the Central Government, are statutorily needed to appoint a whole-time Company Secretary.

The apex contribution of Company Secretary (CS) is in the corporate sector. Company Secretary (CS) is an important professional helping 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, integrate and cooperate with several other functional heads in a company. A member of the Institute of Company Secretaries of India(ICSI) may also practice on their own as a professional after obtaining a certificate of practice as provided in the Company Secretaries Act,1980.

President

CS Makarand Lele, a Fellow Member of the Institute has been chosen as the President of the Institute of Company Secretaries of India for the year 2018-19 w. e. f. 19th January 2018.

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