Institute of Company Secretaries of India
The Institute of Company Secretaries of India (ICSI) is the organisation set up under an Act of Parliament, i.e., Company Secretaries Act, 1980, for the regulation and development of the profession of company secretary in India. As per the proviso to Section 383 A of the Companies Act, 1956, all companies having a paid up capital of Rs. 500 M are mandatorily required to appoint a full-time company secretary. Those companies having a paid capital greater than Rs. 10 M and less than Rs. 500 M are required to procure a compliance certificate from a Practicing Company Secretary which has to be annexed to the Directors' Report along with the annual accounts. Thus there are two areas in the career: whole-time employment and whole time practice. The Institute, being a pro-active body, focuses on best and top-quality education to students and best quality Set Standards for members.
ICSI has also issued various notes and is also organizing various lectures on Companies Act to make its understanding simpler and easier.
A company secretary, being a principal officer and key managerial personnel in the company is an expert of various laws. He is chief advisor for corporate law to the board Of directors. He or she conducts a secretarial audit in the company, that covers his independent opinion on various laws like labour laws, company law, environmental laws, securities law and other concerned laws to the company.