The Institute of Company Secretaries of India(ICSI) is constituted under an Act of Parliament i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980). ICSI is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India.
The Institute of Company Secretaries of India awards the certificate of bestowing the designation of Company Secretary(CS) to a candidate qualifying for the membership of the Institute. It was in 1960 that the Company Law Board started a course in Company Secretaryship leading to the award of Government Diploma in Company Secretaryship.
A man of stupendous vision, professional vigour and colossal discipline having an unyielding belief in prosperity of revered profession of Company Secretaries.
CS (Dr.) Shyam Agrawal of the Institute of Company Secretaries of India (ICSI) has taken over as the zenithal torch-bearer of Corporate Governance profession in India for the year 2017 on joining the Institute as 'the President' from 19th January 2017.
I am delighted to know that the membership of the Institute of Company Secretaries of India has reached the figure of 50,000. The fact that such a large number of very enterprising and bright young people are becoming Company Secretaries also indicates the width of opportunities that is available to them in the Profession. As larger and larger corporatisation of Indian Business is taking place, it is absolutely necessary that they are run on professional Lines. Recently the taxation rebate that we have given to smaller companies will also encourage a lot of sole proprietorship and private partnership firms to convert themselves into companies. So, I for see a future whether number of the companies is going to increase and obviously the need for Company Secretaries is going to increase, because, they are professionally trained and qualified as to how to run these companies and to complete all the legal formalities in the establishment and the counselling of the Companies. The fact that the Institute has come of age with such a large membership is a great occasion. I wish all its members and the Institute a Big Success.
The Institute of Company Secretaries of India has attained a remarkable mark by reaching the milestone of 50,000 members. On this occasion, I congratulate ICSI, President CS (Dr.) Shyam Agrawal, and all ICSI members.
At the same time, I have an expectation from the Institute and its members that they should play their role as Corporate Governance professionals with full dedication and responsibility while act as ‘Conscience Keepers’ of the companies and watch over those black sheeps in the corporate sector who play foul by taking advantage of some existing legal loopholes. For ensuring setting up Good Governance practices, I think, ICSI members have a monumental role to play while acting as ‘advisor’ to the corporate sector.
I know ICSI will keep on guiding the way of its professionals to establish best governance practices in Indian Corporate Sector and contribute to a great extent to the objective of Government of India for making India a world leader in Governance.
On the occasion of the Institute of Company Secretaries of India enrolling 50,000 members, I would like to congratulate the Institute for its continued endeavours for the Indian Corporate Sector. The challenges faced by the Corporate Sector can be resolved by adhering to the best practices in Corporate Governance wherein Company Secretaries have an important role to play. The Institute must, therefore, strive to empower its members to achieve greater professional heights by enhancing the quality standards and reaffirming commitment to the highest standards of professional excellence & transparency. I wish the Institute the very best in all endeavours in this direction.