ICSI

In order to have uniformity in the practices adopted by different companies, the Institute of Company Secretaries of India (ICSI) has released 10 secretarial standards, recommending the Government to make them mandatory for all companies, a to p official said on Saturday. Full Article

The Institute of Company Secretaries of India (ICSI) has said that two of its secretarial standards recommendations have been incorporated in the new Companies Bill and it expects more to be considered before finalisation. Full Article

The new Companies Bill to be adopted by Parliament would simplify the law and equate company secretary (CS) with the chief executive (CEO) and chief financial officer (CFO) of a company, said Vinayak S Khanvalkar, president, Institute of Company Secretaries of India (ICSI), here on Saturday. At least two out of the 10 secretarial standards specified by ICSI would find place in the new legislation, he added. Full Article

Government on Thursday said it has prosecuted over 13,000 companies during the three years ending 2008-09 for not following the provisions of the Companies Act. "As many as 13,437 companies were prosecuted for non-compliance of provisions of the Companies Act, 1956, during the last three years--2006-07 to 2008-09," Corporate Affairs Minister Salman Khurshid told the Lok Sabha. Full Article

With high paced growth in industrial sector, India will need at least 50,000 company secretaries (CS) by 2020, Institute of Company Secretaries of India (ICSI) said on Sunday. According to data released by ICSI, there has been over 70% growth in students enrolment for CS programme in last few years. Full Article

Attention of the members is drawn to Announcements dated 27th March 2009 and 19th May 2009 hosted on website of the Institute wherein the decision of the Council with regard to, inter-alia, working hours and coaching hours have been notified. Normal working hours for the articled assistants shall not start after 11.00 AM and not end before 5.00 PM.Coaching classes shall not continue after 9.30 AM and not start before 5.30 PM so as to enable the articled assistants to co.. Full Article

Shri Vinayak S. Khanvalkar has been elected as PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2010.Shri Anil Murarka has been elected as the VICE PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2010. Full Article

The circular states that audit envisaged under Regulation 22 of the SEBI (Credit Rating Agencies) Regulations, 1999 shall include an internal audit to be conducted on a half yearly basis by Chartered Accountants, Company Secretaries or Cost and Management Accountants who are in practice and who do not have any conflict of interest with the CRA. Full Article