Dear Members and Students of ICSI,

The Council is extremely pained at the provisions in rules notified under the Companies Act, 2013. It shares the concerns of the members and students fully.

The rules are substantially different from the draft rules.  The draft rules provided for applicability of certain critical provisions of the Companies Act, 2013 to all companies, private or public. The notified rules have excluded private companies from application of those provisions of the Act.

These drastic changes  have  impaired severely the profession, its 35000 members and more than 4 lakh students.

The Council is in dialogue with the concerned authorities. It has received assurance of reconsideration of the rules relating to annual return (section 92), appointment of company secretary (section 203), secretarial audit (section 204) and pre-certification of e-forms. The representations made to Ministry of Corporate Affairs are available on the web site of the Institute.

It is our endeavour  that we would not leave any stone unturned to secure justice for our members and students. But we must have patience and follow up the matter with calmness. We must not do anything untoward which can damage the process of restoration of our prospects.

I seek your co-operation.

Yours sincerely,

(R. Sridharan)


Note – ICSI has already made 5 representations which can be checked on on its website.

Source- ICSI

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0 responses to “ICSI makes representations to Ministry to safeguard interest of its members”

  1. Vipin Jain says:

    Please correct the heading its ICSI makes representation not ICAI

  2. Preeti Jain says:

    The Title “ICAI makes representations to Ministry to safeguard interest of its members” connotes that the representation is made by ICAI i.e. Institute of Chartered Accountants of India, in fact, it is ICSI i.e. Institute of Company Secretaries of India.

    So, please correct accordingly.

  3. CA Shreyyshth Godhwanni says:

    Please correct the Institute name, it’s ICSI & not ICAI.

  4. David Mewada says:

    Its ICSI and not ICAI – “ICAI makes representations to Ministry to safeguard interest of its members

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