Tuesday, April 16, 2024

India needs 2 lakh Company Secretaries by 2047: ICSI

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National president of the Institute of Company Secretaries of India (ICSI) B Narasimhan, on Friday, said that the Indian economy would become $ 30 trillion by 2047 and the country needed 2 lakh company secretaries.
The ICSI, a premier professional body, has been set up under an Act of Parliament to regulate and develop the profession of Company Secretaries in India and functions under the jurisdiction of the Ministry of Corporate Affairs. The Centre organised a day-long Seminar on “Demystifying NCLT Practices” on Saturday.
Addressing a press conference on the sidelines of the seminar,  Narasimhan said if the Indian economy becomes $ 30 trillion by 2047 as aspired by the Prime Minister of India, India needs 2 lakh companies secretaries, which is triple the size of its current strength of 72,000 members. The ICSI enrols 14,000 students every year under various programmes and it would be doubling the number this year, he said.
The Institute, being a proactive body, focuses on the best and top quality education to students of the Company Secretaries Course and the best quality set standards for the members. The Institute has over 72,000 members and around 2 lakh students on its roll,” he added.
The ICSI recently entered an MoU with the National Institute of Securities Markets (NISM), a public trust established by the Securities and Exchange Board of India (SEBI). The MoU marked the continuation of the long-term association between the two institutes that would facilitate and enhance institutional collaboration in the area of capacity building and collaborative programmes in the areas of compliance, securities markets, law and governance, Narasimhan informed.
It has signed MoUs with 141 Universities across India. On Saturday it planned to sign an MoU with Osmania University.
The ICSI International ADR Centre was recently opened at Noida in UP with the intent to facilitate Arbitration, Mediation and Conciliation at the National and International levels. That is why the Institute of Company Secretaries of India (ICSI) established its first ICSI International ADR Centre in Noida. It aids the existing judicial structure – helps in the de-clogging of the courts and provides justice at an unparalleled speed.
The ICSI Institute of Social Auditors was set up. It is a section 8 company, created with the intent of strengthening the social audit and impact assessment, of the social governance ecosystem in the country.
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