Webreflinks - Institute of Company Secretaries of India

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WebCite www.icsi.edu/AboutUs/AbouttheICSI/tabid/1892/Default.aspx

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 |membership_num        = >25,132
-|students_num          = >2,30,000 <ref>http://www.icsi.edu/AboutUs/AbouttheICSI/tabid/1892/Default.aspx</ref>
+|students_num          = >2,30,000 <ref name="autogenerated1">{{cite web|url=http://www.icsi.edu/AboutUs/AbouttheICSI/tabid/1892/Default.aspx |title=About the ICSI |publisher=Icsi.edu |date=1968-10-04 |accessdate=2013-05-21}}</ref>
 |members_designations  = A.C.S. and F.C.S.
 The Institute of Company Secretaries of India has so far issued  ten secretarial standards viz., SS-1 Secretarial Standard on Meetings of the Board of Directors, SS-2 Secretarial Standard on General Meetings, SS-3 Secretarial Standard on Dividend, SS-4 Secretarial Standard on Registers and Records, SS-5 Secretarial Standard on Minutes and SS-6 Secretarial Standard on Transmission of Shares and Debentures, SS-7 Secretarial Standards on Passing of Resolution by Circulation, SS-8 Secretarial Standard on Affixing Common Seal, SS-9 Secretarial Standard on Forfeiture of Shares, SS-10 Secretarial Standard on Board’s Report.
-<ref>http://www.icsi.edu/AboutUs/AbouttheICSI/tabid/1892/Default.aspx</ref>
+<ref name="autogenerated1"/>

{{Nobots}}
{{Copyviocore
|url=http://www.icsi.edu%2Fportals%2F0%2Fgrapes%2FICSI-Parnering.doc
|month = May
|day = 7
|year = 2013
|time = 18:53
|timestamp = 20130507185301}}

{{refimprove|date=March 2013}}
{{Infobox accounting body
|abbreviation          = ICSI
|motto                 = <big>In Pursuit of Professional Excellence</big>
|formation             = {{Start date and years ago|1981|01|01}}
|legal_status          = [[Body corporate]] established under the Company Secretaries Act, 1980 Act No. 56 of 1980 enacted by the [[Parliament of India]]
|objective             = Regulate the Company Secretariel profession in [[India]]
|headquarters          = [[New Delhi]], India
|coords                = {{Coord|28.627815|77.242135|display=inline}}
|region_served         = [[India]]
|membership_num        = >25,132
|students_num          = >2,30,000 <ref name="autogenerated1">{{cite web|url=http://www.icsi.edu/AboutUs/AbouttheICSI/tabid/1892/Default.aspx |title=About the ICSI |publisher=Icsi.edu |date=1968-10-04 |accessdate=2013-05-21}}</ref>
|members_designations  = A.C.S. and F.C.S.
|language              = [[English language|English]], [[Hindi]]
|highest_officer_title = President
|highest_officer_name  = CS. S N Ananthasubramanian
|second_officer_title  = Vice President
|second_officer_name   = CS Harish Kumar Vaid
|third_officer_title   = Secretary Of The ICSI
|third_officer_name    = CS M. S. Sahoo
|administering_organ   = Council
|additional_data_name1 = Regional Offices
|additional_data1      = [[New Delhi]] (NIRC) <br />[[Mumbai]] (WIRC) <br />[[Kolkata]] (EIRC) <br />[[Chennai]] (SIRC)
|website               = {{url|http://www.icsi.edu}}
}}
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. As the number of students taking up the Company Secretaryship course grew, the Government promoted on 4th October, 1968, Institute of Company Secretaries of India under Section 25 of the Companies Act, 1956 for taking over from the Government the conduct of Company Secretaryship examination. The Institute of Company Secretaries of India (ICSI) has since been converted into a statutory body w.e.f. 1.1.1981 under the Company Secretaries Act, 1980. The Institute of Company Secretaries of India(ICSI) has on its rolls over 31,000 members including around 6,000 members holding certificate of the practice. The number of current students is over 3,60,000.
The Institute of company Secretaries of India (ICSI) has its headquarters at New Delhi and four regional offices at New Delhi, Chennai, Kolkata and Mumbai. .

{| class="wikitable"
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! ORGANIZATION CHART
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| President - ICSI
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| Vice- President - ICSI
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| Secretary
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| Chief-Executive
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| CCGRT
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| Directorates
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| Regional Office
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| Chapters
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The affairs of the Institute are managed by the Council of the Institute consisting of fifteen elected members and five nominees of the Central Government. 
ICSI- FUNCTIONS AT A GLANCE

==ICSI Vision & Mission==

=VISION=

"To be a global leader in promoting Good Corporate Governance"

=MISSION=

"To develop the high calibre professionals facilitating good Corporate Governance"

==ICSI- FUNCTIONS AT A GLANCE==
•	Registers students with 10+2 and graduate qualifications for Foundation and Executive Programme of Company Secretaryship, respectively with course contents in Corporate and Economic Laws, Management, Accounting, Taxation and Finance disciplines;
•	Conducts Company Secretaryship examination twice a year in June and December;
•	Provides postal/oral coaching and training enabling students to qualify as Company Secretaries;
•	Arranges e-learning for students through Web Based Training, Video Based Training and Live Virtual Classroom;
•	Arranges training for Executive/Professional Programme pass students in companies/with Company Secretaries in Practice empanelled with the Institute;
•	Enrols qualified persons as Associate/Fellow members of the Institute; 
•	Issues Certificate of Practice to members taking up practice;
•	Conducts Post Membership Qualification Course for members of the Institute;
•	Publishes widely read and highly acclaimed monthly journal 'Chartered Secretary'; 
•	Publishes 'Student Company Secretary' and 'CS Foundation Course Bulletin' for the benefit of students;
•	Publishes Online 'CS update' containing current notifications and circulars relating to various corporate and related laws;
•	Exercises professional supervision over the members of the Institute both in practice and in employment in matters pertaining to Professional Ethics and Code of Conduct;
•	Undertakes research in Law, Management, and Finance and Capital Market disciplines and brings out research publications and guidance notes;
•	Issues Secretarial Standards and brings out Guidance Notes thereon;
•	Renders expert advisory services to members on intricate issues relating to various corporate laws;
•	Organises Professional Development and Continuing Education Programmes, International/ National/Regional Conventions and Conferences directly or through its Regional Councils and Chapters;
•	Organises Professional Development Programmes in collaboration with Chambers of Commerce, Department of Public Enterprises, sister Professional Institutes and other Professional Development/ Management Bodies;
•	Interacts with various National and Regional Chambers of Commerce with regard to various Government Policies and Legislations;
•	Interacts with the Central and State Governments and Regulatory Authorities on matters of professional interests;
•	Interacts with Company Secretaries Institutions of other countries for mutual benefit and in respect of the International Federation of Company Secretaries;
•	Bestows ICSI National Award for Excellence in Corporate Governance on best governed companies;
•	Bestows Life Time Achievement Award for Translating Excellence in Corporate Governance into Reality;
•	Founder Member of the National Foundation for Corporate Governance;
•	Founder Member of International Federation of Company Secretaries.

==Role of Company Secretaries==
COMPANY SECRETARY – A LEAD PROFESSIONAL

A Company Secretary is defined under the Company Secretaries Act, 1980 to mean a person who is a member of ICSI.

*	Under Section 2(45) of Companies Act, 1956 “Secretary” means a Company Secretary within the meaning of Section 2(1)(c) of the Company Secretaries Act, 1980 (56 of 1980) and includes any other individual possessing the prescribed qualifications and appointed to perform the duties which may be performed by a secretary under this Act and any other ministerial or administrative duties.

*	Pursuant to Section 383A of the Companies Act, 1956, companies with a paid-up share capital of rupees five crore or more are compulsorily required to appoint a whole-time Company Secretary who must be the member of the Institute of Company Secretaries of India.

The Company Secretary

*	acts as a vital link between the company and its Board of Directors, shareholders and other stakeholders and regulatory authorities;
*	plays a key role in ensuring that the Board procedures are followed and regularly reviewed;
*	provides the Board with guidance as to its duties, responsibilities and powers under various laws, rules and regulations;
*	acts as a compliance officer as well as an in-house legal counsel to advise the Board and the functional departments of the company on various corporates, business, economic and tax laws;
*	is an important member of the corporate management team and acts as conscience seeker of the company.

Company Secretary in Practice

*	Many of the members of the Institute are in independent public practice.
*	Under section 2(45A) of the Companies Act, 1956 “secretary in whole-time practice” means a secretary who shall be deemed to be in practice within the meaning of sub-section (2) of section 2 of the Company Secretaries Act, 1980 (56 of 1980) and who is not in full-time employment.

Companies to obtain Compliance Certificate

Every company having a paid-up share capital of rupees ten lakh or more but less than rupees five crore is required to obtain a compliance certificate from a Secretary in Whole-time Practice.

SERVICES RENDERED BY COMPANY SECRETARIES

A Company Secretary being multi-disciplinary professional renders wide range of services.

Corporate Governance Services

Advising on good governance practices and compliance of Corporate Governance norms as prescribed under various Corporate, Securities and other Business Laws and regulations and guidelines made thereunder. Company Secretary also assists in developing a corporate compliance management system and social sustainability framework.

Corporate Secretarial Services
                                 
•	Promotion, formation and incorporation of companies and matters related herewith 
•	Filing, registering any document including forms, returns and applications by and on behalf of the company as an authorized representative
•	Co-ordinating board/general meetings and follow-up actions thereof
•	All work relating to Securities and their transfer and transmission 
•	Custodian of corporate records, statutory books and registers
•	Secretarial/Compliance Audit and Certification Services 
•	Issuing Compliance certificate for companies not required to employ a whole-time Company Secretary
•	Signing of Annual Return 
•	Other declarations, attestations and certifications under the Companies Act, 1956.

Corporate Laws Advisory Services

Advising companies on Compliance of legal and procedural aspects, particularly under –

•	SEBI Act, Securities Contracts (Regulation) Act  and rules and regulations made thereunder
•	Foreign Exchange Management Act
•	Consumer Protection Act
•	Depositories Act
•	Environment and Pollution Control Laws
•	Labour and Industrial Laws
•	Co-operative Societies Act
•	Mergers , Amalgamations and Strategic Alliances
•	Foreign Collaborations and Joint Ventures
•	Setting up subsidiaries abroad
•	Competition Policy and Competition Law Compliances
•	IPR Protection, Management, Valuation and Audit
•	Drafting of Legal Documents.

Representation Services

Representing on behalf of a company and other persons before–

•	Company Law Board
•	National Company Law Tribunal
•	Competition Commission of India
•	Securities Appellate Tribunal
•	Registrar of Companies
•	Consumer Forums
•	Telecom Disputes Settlement and Appellate Tribunal
•	Tax Tribunals and
•	Other quasi-judicial bodies and Tribunals.

Arbitration and Conciliation Services

•	Advising on arbitration, negotiation and conciliation in commercial disputes between the parties
•	Acting as arbitrator/conciliator in domestic and international commercial disputes
•	Drafting Arbitration/Conciliation Agreement/Clause.

Public Issue, Listing and Securities Management

•	Advisor/consultant in issue of shares and other securities in India and abroad
•	Drafting of prospectus/offer for sale/ letter of offer/other documents related to issue of securities and obtaining various approvals in association with lead managers
•	Listing / delisting of securities
•	Private placement of securities
•	Buy-back of shares 
•	Raising of funds from international markets – ADR/GDR/ECB
•	Acting as compliance officer under listing agreement 
•	Compliance officer for various capital market intermediaries.

Takeover Code and Insider Trading

•	Ensuring compliance of the Takeover Regulations 
•	Ensuring compliance with SEBI (Prohibition of Insider Trading) Regulation, 1992 including maintenance of various documents

Securities Compliance and Certification Services

Compliance with rules and regulations in the securities market particularly –

•	Internal Audit of Depository Participants
•	Internal Audit of Stock Brokers/Trading Members/Clearing Members
•	Internal Audit of Portfolio Managers
•	Internal Audit of Credit Rating Agencies
•	Certification  in relation to Reconciliation of total issued capital, listed capital and Capital held by depositories in dematerialized form
•	Concurrent Audit in case of Demat Account Opening, Control, Verification of Delivery Instruction Slips 
•	Certification regarding Non- Promoters Holding under clause 35 of the equity listing agreement 
•	Certification that all transfers have been completed within stipulated time period under Clause 47 (c ) of the equity Listing Agreement
•	Certification regarding compliance of conditions of Corporate Governance under Clause 49 of the equity listing agreement 
•	Listing Agreement for Listing of Debt Securities and Listing Agreement for Indian Depository Receipts 
•	Various certifications for trading members of stock exchanges.

Banking Services

•	Diligence Report and Certification in respect of Consortium / Multiple banking arrangements made by Scheduled Commercial Banks/Urban Co-operative Banks 
•	Loan Syndication
•	Loan Documentation 
•	Registration of Charges
•	Status and Search Report.

Finance and Accounting Services

•	Accounting and compilation of financial statements
•	Working capital and liquidity management
•	Determination of an appropriate capital structure
•	Analysis of capital investment proposals
•	Business valuations prior to mergers and/or acquisitions
•	Budgetary controls
•	Preparation of Project Reports and feasibility studies
•	Internal Audit.

Taxation Services

•	Advisory services to companies on tax management and tax planning under Income Tax, Excise and Customs laws, Service Tax and VAT etc.
•	Preparing/reviewing various returns and reports required for compliance with the tax laws and regulations
•	Representing companies and other persons before the tax authorities and tribunals.

International Trade and WTO Services
                                                                                     
•	Advising on all matters related to IPRs and TRIPs Agreement of WTO
•	Advising on matters relating to anti-dumping, safeguard duties and countervailing duties
•	International Commercial Arbitration 
•	Advising on and issuing certificates on Foreign Trade Policy and Procedures 
•	Advising on Intellectual Property licensing and drafting of Agreement 
•	Acting as registered Trade Mark Agent.

Advisory Services on Information Technology

•	Compliance with cyber laws
•	Conducting Board Meetings through video-conferencing and teleconferencing
•	Advising on IT related IPR
•	Developing management reports and controls
•	Maintaining  statutory records in electronic form 
•	E-filing of forms / documents under MCA-21 and other statutory authorities.

Management Services

General / Strategic Management
•	Advising on Corporate Social Responsibility 
•	Participating in formulation of Business policy, strategy and planning
•	Formulation of Organisation Structure 
•	Acting as management representative to obtain ISO certification
•	Advising on sustainability accounting and reporting.

Corporate Communication and Public Relations

•	Communication with various stakeholders, like shareholders, Government , Regulators, Authorities ,etc. 
•	Advisory services for Brand equity and image building.

Human Resource Management

•	Advising on industrial and labour laws 
•	Manpower Planning and development 
•	Performance appraisal
•	Motivation and remuneration strategies
•	Audit of HR function
•	Office management, work studies and performance standards
•	Maintaining industrial relations
•	Attaining cultural integration.

== Secretarial Standards ==
ICSI is the first professional body in the world to issue Secretarial Standards for integration, harmonization and standardization of corporate secretarial practices.  This enhances corporate governance standards in India

The Secretarial Standards Board formulates Secretarial Standards taking into consideration the applicable laws, business environment and the best secretarial practices prevalent. The secretarial standards aim at bringing more clarity in areas where the law is either silent or ambiguous.
 
The Institute of Company Secretaries of India has so far issued  ten secretarial standards viz., SS-1 Secretarial Standard on Meetings of the Board of Directors, SS-2 Secretarial Standard on General Meetings, SS-3 Secretarial Standard on Dividend, SS-4 Secretarial Standard on Registers and Records, SS-5 Secretarial Standard on Minutes and SS-6 Secretarial Standard on Transmission of Shares and Debentures, SS-7 Secretarial Standards on Passing of Resolution by Circulation, SS-8 Secretarial Standard on Affixing Common Seal, SS-9 Secretarial Standard on Forfeiture of Shares, SS-10 Secretarial Standard on Board’s Report.
<ref name="autogenerated1"/>

== ICSI MOUs ==
ICSI has also collaborated with NALSAR, NISIET from Hyderabad and National Law School of India University in Bangalore for mutual research and collaborative programmes. By developing such relationships, ICSI is spreading a network of opportunities for its members and students.
The Institute has signed MOU’s with NSE,BSE, MCX-SX, United Stock Exchange of India Limited, Symbiosis International University, IPE Hyderabad, ASSOCHAM, Federation of Andhra Pradesh Chamber of Commerce & Industry & Merchants Chamber of Commerce and Industry, Kolkata and also with various Chambers of Commerce and Industry.recently the ICSI signed a MOU with CMJ University ,Meghalaya, Which will help create visibility for the Profession in North Eastern States .

MOU with RAJIV GANDHI IIM - SHILLONG 
Rajiv Gandhi Indian Institute of Management, Shillong has recognised CS qualification (among other professional qualifications) for pursuing FPM (Fellow Programme in Management, equivalent to Ph.D.) from July, 2012.

== ICSI INITIATIVES TO PROMOTE GOOD GOVERNANCE IN CORPORATE INDIA==
Secretarial Standards

The ICSI recognizing the need for integration, harmonization and standardization of diverse secretarial practices, has constituted the Secretarial Standards Board (SSB) with the objective of formulating Secretarial Standards.

The Institute has issued Ten Secretarial Standards as under:

•	SS-1	Secretarial Standard on Meeting of the Board of Directors
•	SS-2	Secretarial Standard on General Meetings 
•	SS-3	Secretarial Standard on Dividend
•	SS-4	Secretarial Standard on Registers and Records
•	SS-5	Secretarial Standard on Minutes 
•	SS-6	Secretarial Standard on Transmission of Shares and Debentures
•	SS-7	Secretarial Standard on Passing of Resolutions by Circulatio 
•	SS-8	Secretarial Standard on Affixing of Common Seal
•	SS-9	Secretarial Standard on Forfeiture of Shares	
•	SS-10 Secretarial Standard on Board's Report.

The Companies Bill, 2009 proposes compulsory compliance of Secretarial Standard on Meeting of the Board of Directors and Secretarial Standard on General Meetings. Many companies today are voluntarily adopting the Secretarial Standards in their functioning.

ICSI National Award for Excellence in Corporate Governance

The ICSI National Award for Excellence in Corporate Governance is conferred annually on companies adjudged by the Jury as a front-runner in adhering to the corporate governance norms in true letter and spirit. This initiative aims at:

*	Recognising Leadership efforts of Corporate Board in practising the  corporate governance principles in their functioning.
*	Recognising implementation of innovative practices, programmes and projects that promote the cause of corporate governance.
*	Motivating the corporates in focusing corporate governance practices in their functioning.
*	Implementation of corporate governance norms in true letter and spirit.

The Jury for the ICSI National Award for Excellence in Corporate Governance comprises of personalities enjoying unparallel eminence and reputation in their respective fields.

PMQ Course in Corporate Governance

The Institute, as part of capacity building initiatives conducts Post Membership Qualification Course in Corporate Governance. The way the course is constructed, conceived, shaped and inspired by high-profile courses abroad that instigate self-study, inspired research and pro-active pursuit of knowledge. The course comprises written examination in five papers, submission of dissertation or project report followed by an interview.

ICSI’s Global Initiatives in Corporate Governance

*	The ICSI is the founder member of International Federation of Company Secretaries (IFCS).  The IFCS has been constituted with the objective of development and promotion of the profession of Company Secretaries, best company secretarial practices and professional administration at global level.

*	Linkages with various International bodies like World Bank, Global Corporate Governance Forum, OECD, ICGN, ADB, Asian Corporate Governance Forum etc.

*	MOUs with international organisations

*	International Professional Development Programmes

ICSI’s other Initiatives in Corporate Governance

•	Directors’ Development Programmes
•	Investor Education Programmes
•	Guidance note on Corporate Governance Certification
•	Corporate Governance Modules of Best Practices
•	Founder Trustee of National Foundation For Corporate Governance.

ICSI’S SPECIAL THRUST ON RESEARCH AND TRAINING

Centre for Corporate Governance Research and Training (CCGRT)

The ICSI established the Centre for Corporate Governance, Research and Training, at Navi Mumbai to act as a catalyst organization in the professional development of the Indian Corporate sector.

Training Related Activities

*	CCGRT conducts high-end training / workshops for members, students, corporates and regulatory /Government Bodies.

*	CCGRT has developed training modules on 'Corporate Governance’.

*	CCGRT provides support for collaborative training with various organizations.

*	CCGRT has introduced annual membership scheme as an invitation to all professionals, individuals and corporates to attend a variety of Professional Development Programmes with the convenience of making a one time payment.

*	Fifteen days Residential Management Skills Orientation Programme.

Research Activities

*	Generally policy oriented and applied research of immediate utility to the Company Secretaries, Corporate Sector / Banks / Financial Institutions / Government, Regulatory Authorities and Development Agencies.

*	Organises high level training programmes for Directors.

==Reference==
{{bare URLs|date=December 2012}}
{{reflist}}

==External links==
*[http://www.icsi.edu ICSI] Official Website of ICSI
*[https://www.icsi.in/student/default.aspx ICSI Student]

{{DEFAULTSORT:Institute Of Company Secretaries Of India}}
[[Category:Professional associations based in India]]
[[Category:Corporate governance]]
[[Category:Organizations established in 1980]]

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Webreflinks - Institute of Company Secretaries of India

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