Prime Minister Narendra Modi inaugurated Golden Jubilee Year Celebrations (50 years) of the Institute of Company Secretaries of India (ICSI) in New Delhi.
The event assumes significance as it comes close on heels of government action of de-registering over 2.1 lakh dormant, shell companies and disqualifying over one lakh directors as part of a cleanup of corporate system and tackling menace of shell companies.
Institute of Company Secretaries of India (ICSI)
ICSI is the only statutory professional body in India with objective of promoting, regulating and developing the profession of Company Secretaries in India. Its headquarters are located at New Delhi, four Regional Offices at New Delhi, Chennai, Kolkata, Mumbai and 69 Chapters across India.
Originally it was set up as not-for-profit organisation on 4th October, 1968, but later in 1980 the institute was converted into statutory professional body under an Act of Parliament, ‘The Company Secretaries Act 1980’.