Institute of Company Secretaries of India

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]

The Institute of Company Secretaries of India
AbbreviationICSI
Formation4 October 1968 (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)
Headquarters22, ICSI HOUSE, Lodhi Road, Institutional Area, Lodhi Colony, New Delhi 110003, India
Region
 India
Membership
70650 as of 21st Jan 2023
Official language
English, Hindi
President
CS Manish Gupta
Parent organization
Ministry of Corporate Affairs, Government of India
Websitewww.icsi.edu

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

The Institute of Company Secretaries of India was formed by enacting the Companies Secretary Act, 1980 by the Parliament of India.[5]

Role of Company Secretary

As per Section 2(51) of the Companies Act 2013, Company Secretaries are a company's Key Managerial Personnel (KMP).[6] 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.[6] 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.[7]

References
  • "CS Devendra V. Deshpande elected as President of ICSI for the year 2022". TaxScan. 19 January 2022. Retrieved 28 July 2023.
  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. "Disciplinary Action initiated against 400 Chartered Accountants, Company Secretaries for Incorporating Chinese Shell Companies". taxscan.in/. 21 June 2022. Retrieved 22 June 2022.
  6. "The Companies Act, 2013" (PDF). Ministry of Corporate Affairs (India).
  7. "Demand for Company Secretaries goes up". Telangana Today. 20 February 2022. Retrieved 7 July 2022.
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