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 | 75,000 |
Official language | English, Hindi |
President | CS Dhananjay Shukla |
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 73 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.
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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), also known as, 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.
The Indian Institute of Foreign Trade (IIFT) is a public business school headquartered in New Delhi, Delhi, India. It has been proposed to be declared as an Institute of National Importance by the Government of India. Established in 1963, it functions under the Ministry of Commerce and Industry of the Government of India. It also serves as a training institute for the probationary officers of the Indian Trade Service. Its headquarters are in New Delhi and it has additional campuses in GIFT City, Kolkata and Kakinada.
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 the Republic of India under the Ministry of External Affairs. The Foreign Secretary is the head of the service. Vikram Misri is the 35th 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.
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 a 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.
Piyush Vedprakash Goyal is an Indian politician who is serving as Minister of Commerce and Industry since 2019. He also served as Minister of Textiles and Minister of Consumer Affairs, Food and Public Distribution. He was elevated to the Cabinet Minister position on 3 September 2017. Formerly a Member of Parliament for Rajya Sabha from the state of Maharashtra, he is also the former Leader of the House in Rajya Sabha. Goyal was elected as member of 18th Lok Sabha Representing Mumbai North Lok Sabha constituency.
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(now repealed), 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.
The Indian Institute of Corporate Affairs (IICA) is a central civil service training institute under the administrative control of Ministry of Corporate Affairs, Government of India for the central civil servants of the Indian Corporate Law Service cadre.
Ajay Bisaria is a corporate strategic advisor, guiding global businesses on geopolitics and regulations. He advises OMERS in India and several companies in private equity, fintech, health tech, and more. He is also a Distinguished Fellow at the Observer Research Foundation (ORF). Earlier Ajay Bisaria was an Indian diplomat with a diplomatic career spanning 35 years, Bisaria has held key positions in some of India's most critical economic and security relationships. He served as the High Commissioner of India to Canada from March 2020 to June 2022, and prior to that, he was the High Commissioner of India to Pakistan from December 2017 to February 2020. Bisaria has also represented India at the World Bank in Washington, D.C., and served in various capacities in Indian embassies in Berlin and Moscow. Within the Ministry of External Affairs, the Department of Commerce, and the Prime Minister’s Office, he played a significant role, including being a key aide to Prime Minister Atal Bihari Vajpayee from 1999 to 2004. Bisaria is a specialist in India's Eurasia policy, having worked extensively with Russia, Ukraine, and Central Asia. Before his diplomatic service, he worked with American Express Bank and Bharat Heavy Electricals Limited in Delhi.
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.
The Indian Revenue Service , often abbreviated to IRS or IRS , now called IRS(C&IT) is a part of central civil service of the Government of India. It functions under the Department of Revenue of the Ministry of Finance and is under the administrative direction of the Revenue Secretary and the ministerial command of the Minister of Finance. The IRS is primarily responsible for collecting and administering indirect taxes accruing to the Government of India. It is one of the largest civil service amongst the organised civil services in the Indian government and serves the nation through discharging sovereign functions of collection of revenue for development, security and governance.
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.