Abbreviation | ICSI |
---|---|
Formation | 4 October 1968 |
Type | National Professional Body |
Legal status | Statutory body under an act of Parliament of India, i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980)[ citation needed ] |
Headquarters | 22, ICSI HOUSE, Lodhi Road, Institutional Area, Lodhi Colony, New Delhi 110003, India |
Region | India |
Membership | 72,000 as of 30th March 2024 |
Official language | English, Hindi |
President | CS B Narasimhan |
Parent organization | Ministry of Corporate Affairs, Government of India |
Website | www |
The Institute of Company Secretaries of India (ICSI) is a national professional body in India under the ownership of Ministry of Corporate Affairs, Government of India with the objective of promoting, regulating and developing the profession of company secretaries in India. [1] It is headquartered in New Delhi, has four regional offices at New Delhi, Chennai, Kolkata and Mumbai, [2] and has 70 chapters around the country. [3]
A person can apply for membership by passing all three levels of examinations: CSEET (earlier Foundation), Executive and Professional prescribed by ICSI, and completing Short term and Long term practical training. [4] The members of the ICSI are highly qualified Professionals playing a key role in ensuring compliance with the laws and promoting sound Corporate Governance practices in Indian Corporates.
As per Section 2(51) of the Companies Act 2013, Company Secretaries are a company's Key Managerial Personnel (KMP). [5] Other KMPs in a company include the Chief Executive Officer, the managing director, the Whole-time Director, the Chief Financial Officer, and such other officers designated by the Board as KMP but are not more than one level below the directors in whole-time employment. [5] They often hold the position of a compliance officer and play a crucial role in ensuring the efficient administration of the company. Among others, they also ensure that the company complies with secretarial standards. [6]
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances . The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization.
Clause 49 of the Listing Agreement to the Indian stock exchange that came into effect from 31 December 2005. It has been formulated for the improvement of corporate governance in all listed companies.
The Indian Foreign Service (IFS) is a diplomatic service and a central civil service of the Government of India under the Ministry of External Affairs. The Foreign Secretary is the head of the service. Vinay Mohan Kwatra is the 34th and the current Foreign Secretary.
A Company secretary is a senior position in the corporate governance of organizations, playing a crucial role in ensuring adherence to statutory and regulatory requirements. This position is integral to the efficient functioning of corporations, particularly in common law jurisdictions. The Company Secretary serves as a guardian of compliance, a facilitator of communication between the board of directors and other stakeholders, and a custodian of corporate records.
The chief compliance officer (CCO) is a corporate executive within the C-suite responsible for overseeing and managing regulatory compliance issues within an organization. The CCO typically reports to the chief executive officer or the chief legal officer.
IIT Delhi, officially the Indian Institute of Technology Delhi, is a public institute of technology located in Delhi, India. It is one of the 23 Indian Institutes of Technology created to be Centre of Excellence for India's training, research and development in science, engineering and technology.
Balmiki Prasad Singh was the 14th Governor of Sikkim, India. He is a retired IAS officer and has written books and articles relating to Indian culture, in particular the culture of North-East India. Among his prominent books are Bahudha and the post 9/11 World and The problem of change: a study of North East India.
National Law University, Delhi (NLUD) is one of the National Law Universities in India, situated in Sector-14, Dwarka, Delhi. It offers courses at the undergraduate and postgraduate levels. As one of the national law schools in India, NLUD is built on the five-year law degree model proposed and implemented by the Bar Council of India. The National Law University Act, 2007, provides for the Chief Justice of India to be the university's visitor, the Chief Justice of the High Court of Delhi to function as the university's chancellor, and its vice-chancellor to function as the chief administrator.
Piyush Vedprakash Goyal is an Indian politician and chartered accountant serving as a cabinet minister in the Government of India, having portfolios such as Minister of Textiles, Minister of Commerce and Industry and Minister of Consumer Affairs, Food and Public Distribution. He was elevated to the Cabinet Minister position on 3 September 2017. Currently a Member of Parliament for Rajya Sabha from the state of Maharashtra, he is also the current Leader of the House in Rajya Sabha.
The Cabinet Secretary is the top-most executive official and senior-most civil servant of the Government of India. The Cabinet Secretary is the ex-officio head of the Civil Services Board, the Cabinet Secretariat, the Indian Administrative Service (IAS), and all Civil Services of India work under the rules of business of the government.
NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a public sector undertaking (PSU) company under the Ministry of Housing and Urban Affairs, Government of India.
Manju Bharat Ram was an Indian educationist, who was the founder, chairperson of the managing committee and member of the board of trustees of The Shri Ram Schools, New Delhi; ranked as India's No. 1 day school by Education World’s Schools survey in 2008, 2009 and 2011.
The Indian Corporate Law Service (Hindi: भारतीय कॉरपोरेट विधि सेवा), abbreviated as ICLS, is one of the Central Civil Services and it functions under the Ministry of Corporate Affairs, Government of India. The service is entrusted with the responsibility of the implementation of Companies Act,1956, Companies Act, 2013 and The Limited liability Partnership Act, 2008.
Preeti Malhotra has been the Chairman of the Smart Bharat Group, a diversified conglomerate, with interests in reality, hospitality, entertainment, preventive healthcare, finance and also venturing into new age projects. This is a part of Smart Group which has its footprint across India, China, ASEAN, Middle-East, USA, UK and Africa. Preeti also serves as a director on the board of several group of companies.
Subrahmanyam Jaishankar is an Indian diplomat and politician serving as the Minister of External Affairs of the Government of India since 30 May 2019. He is a member of the Bharatiya Janata Party and a Member of Parliament in the Rajya Sabha since 5 July 2019. He previously served as the Foreign Secretary from January 2015 to January 2018. He became the second ever diplomat to be appointed as India's External Affairs minister, after Natwar Singh.
Nripendra Misra is an Indian bureaucrat and civil servant. An Indian Administrative Service (IAS) officer of the 1967 batch from the Uttar Pradesh cadre, he served as the Principal Secretary to the Prime Minister of India, Narendra Modi from 2014 to 2019. He earlier served as the chairperson of the Telecom Regulatory Authority of India, as the Telecom Secretary of India and the Fertilizers Secretary of India. He was awarded India's third highest civilian award the Padma Bhushan in 2021. His son Saket Misra is a nominated Member of Legislative Council in Government of Uttar Pradesh since April 2023.
The Indian Institute of Corporate Affairs (IICA) is a central civil service training institute under the jurisdiction of Ministry of Corporate Affairs, Government of India for the central civil servants of the Indian Corporate Law Service cadre.
Subhash Chandra Garg is a 1983 batch IAS officer of Rajasthan cadre. He served as Economic Affairs Secretary and Finance Secretary of India. He has also served as an executive director in the World Bank.
Anshu Prakash is a retired 1986 batch civil servant of the Indian Administrative Service (IAS) cadre of Arunachal Pradesh-Goa-Mizoram-Union Territories (AGMUT) cadre. He served as the Chief Secretary of Delhi from 4 December 2017 to 18 November 2018. He also served as secretary in the telecom department of the Ministry of Communications (India) from 1 August 2019 to 30 September 2021.
A Company Secretary in India is a qualified secretary of the Institute of Company Secretaries of India (ICSI). Prerequisites for membership are successful completions of the ISCI’s theory and practical training exams. Company Secretaries are required for every Indian Company listing on the stock exchange, public or private, with share capitals of Rs 10 crores or higher. As a qualified professional, a company secretary is required to perform the duties enumerated by the ICSI for organisations engaged in manufacturing or service for ensuring proper compliance with legal and taxation-related controls to be followed through the course of its operations. These policies clear any ambiguities for the organisations in the maintenance of their book of accounts. The ICSI has +70000 Company Secretaries. Their roles include facilitating meetings of the Board of Directors, providing guidance on formation, mergers and liquidations and representing the company in arbitration or the Company Law Board, among other tasks.