The Hindu Business Line : ICSI plea to ensure auditing norms compliance

THE Institute of Company Secretaries of India is making representations to the Securities and Exchange Board of India (SEBI) to engage company secretaries to carry out audits and ensure that brokers and other market intermediaries are complying with all of its guidelines.

A similar proposal has also been filed with the Association of Mutual Funds in India. "Despite the fact that asset management companies have compliance officers on their rolls, a third-party independent audit will go a long way in ensuring that all the guidelines are adhered to," said Mr Mahesh Anant Athavale, President, ICSI.

The institute is also conducting investor protection programmes on behalf of SEBI.

Mr Athavale said that the institute is gearing up to meet the challenges that would be posed by the entry of multinational consulting companies in the area of company secretary services.

ICSI is aware that the Government is out to make the laws simple, short, business-friendly and less costly for compliance, according to Mr Athavale.

The institute is organising the 32nd national convention in Mumbai during October 7-9. The theme of this year's convention is "Building Strategies for the Future - A Professional's Approach.

The convention will cover strategies for global competition, managing the advent of multi national companies, intellectual property rights etc.

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