New law to give more teeth to company secretaries
Last updated: 20 September 2007
The Institute of Company Secretaries of India (ICSI) is hopeful that a new company law would give a bigger role to company secretaries as key managerial personnel.
Preeti Malhotra, President ICSI, said here Wednesday that ICSI was actively involved in the preparation of the J.J. Irani committee report on new company law, which would ensure that company secretaries were appointed as inspectors, operating either individually or in teams.
"The recommendation to identify company secretary as key managerial personnel along with CEO and CFO is in the interest of the sound development of the corporate sector in the context of globalisation of Indian economy," she said.
"We envisage that company administrator or liquidator may engage services of professionals including company secretaries to assist in discharge of his duties and functions," Malhotra said.
ICSI is organising its 35th national convention of company secretaries here Sep 20-22 on the theme "Excellence Through Business Value Addition".
Union Minister of Railways Lalu Prasad will inaugurate the convention, while Union Minister of Corporate Affairs Prem Chand Gupta will be the guest of honour.
Labels: Laws Bills
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