The Institute of Company Secretaries of India
17th January, 2022
Dear Professional Colleague,
Subject: New Recognition to Company Secretary under the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022
The Institute in furtherance of its continuous endeavours to provide new opportunities to its members has been sending suggestions on various draft rules, regulations, policies and guidelines, etc. issued by Ministries, Government organisations and Regulatory Bodies to seek recognitions in new areas of practice and employment.
In this direction, the Institute pro-actively makes representations and submits its views/suggestions/comments on various Consultation/Discussion Papers/Reports issued by the SEBI and seeks opportunities for its Members in the area of Securities Laws.
We are pleased to inform you that the SEBI has bestowed upon the profession of Company Secretaries a new recognition under the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 issued vide Gazette Notification dated 14th January, 2022, to issue a Certificate of Compliance to the issuer certifying that the proposed preferential issue is being made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
We express our sincere gratitude to SEBI for reposing the confidence in the profession of Company Secretaries.
The reference to selected provisions under the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 providing for recognition mentioned above is as under
“XLV. In regulation 163
(b) in sub-regulation (2),
(i) the words “its statutory auditors” appearing after the words “certificate of and before the words “before the” shall be substituted by the words “a practicing company secretary”;
The notified amendments are available on the SEBI website at the following link:
Regards,
(CS Nagendra D Rao)
President
The Institute of Company Secretaries of India
