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To keep in tune with the changes in the corporate world and to meet the challenges of the globalised economy, ICSI has formed a Perspective Planning Group to achieve short, medium and long-term objectives of the profession of company secretaries.

NEW DELHI, Feb. 21

TO facilitate online filing of documents by companies, the Institute of Company Secretaries of India (ICSI) is set to enter into an agreement with the National Stock Exchange (NSE) for certifying digital signatures.

Members of ICSI will soon have to register with NSE.IT - the agency for certifying digital signatures, Mr Pavan Kumar Vijay, President, ICSI, said. Commenting further he said that ICSI will organise a compulsory 25 hours knowledge upgradation programme for its members on April 1. Coupled with this, an online test would be held on the lines of National Certification in Financial Market (NCFM), which was conducted by NSE for market intermediaries, Mr Vijay said.

"The objective is to prepare a panel of eminent company secretaries, who can serve as independent directors on company boards. We will post this information on our Web site and write to corporates offering the services of our members as independent directors/members of audit committee," the President stated.

Alternatively, Mr Vijay said that members from the panel could be hired as consultants for independent directors. He added that apart from upgrading the profession, there also would be emphasis on pro-active research.

To keep in tune with the changes in the corporate world and to meet the challenges of the globalised economy, ICSI has formed a Perspective Planning Group to achieve short, medium and long-term objectives of the profession of company secretaries.

"Fundamental and structural changes are taking place in the various laws, so shall be the changes in the role of company secretaries," he said.

This year will be dedicated to the practice side of the profession as the scope for practising company secretaries has enlarged with the coming up of the National Company Law Tribunal, Competition Act, Pre-Certification, IPRs, WTO, International Trade and changing face of capital market due to amendment in the SEBI Act, he added.

Further, to face the WTO regime, introduction of a Post Membership qualification Course on Corporate Governance and WTO is also proposed. Apart from this, the focus will be to interlink the ICSI vision with that of the DCA and SEBI, Mr Vijay added.

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