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Institute of Company Secretaries of India

From Wikipedia - Reading time: 3 min

The Institute of Company Secretaries of India
AbbreviationICSI
Formation4 October 1968; 56 years ago (1968-10-04)
TypeNational Professional Body
Legal statusStatutory body under an act of Parliament of India, i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980)[citation needed]
Headquarters22, 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
Websitewww.icsi.edu

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.

History

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Role of Company Secretary

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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]

CS Mamta Binani had served as National Past President of the Institute of Company Secretaries of India (ICSI) for the year 2016.[7]

References

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  1. ^ "PM inaugurates Golden Jubilee Year Celebrations of ICSI". GK Today.
  2. ^ "The Institute of Company Secretaries of India (ICSI)". Jagran Josh.
  3. ^ "Prime Minister Narendra Modi To Inaugurate ICSI Golden Jubilee Celebrations At Vigyan Bhawan Today". NDTV.
  4. ^ "ICSI CS Executive Programme results 2017: Results to be declared at 2:00 PM on the official website on icsi.edu". India.com.
  5. ^ a b "The Companies Act, 2013" (PDF). Ministry of Corporate Affairs (India).
  6. ^ "Demand for Company Secretaries goes up". Telangana Today. 20 February 2022. Retrieved 7 July 2022.
  7. ^ "Interaction with ICSI President CS Mamta Binani".
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