Business Daily from THE HINDU group of publications
Monday, Nov 10, 2008
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Business Daily from THE HINDU group of publications Monday, Nov 10, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Education Web Extras - Accountancy 54% rise in ICSI enrolment Prakash Kamat Panaji, Nov. 9 The country will need 50,000 company secretaries by 2015 as against the present membership of the Institute of Company Secretaries of India (ICSI) of around 22,000. Mr N.K. Jain, Secretary and CEO of ICSI, said here that the institute is gearing to respond to the growing scope of the profession, both domestically and internationally, in the emerging globalised scenario. Mr Jain, along with president of ICSI, Mr Keyoor Bakshi, are in Goa in connection with the three-day 39th national convention of the ICSI.The institute at present has 1.5 lakh students enrolled with it. Annually, around 35,000 students enrol for the various company secretary examinations, Mr Jain said. The institute has witnessed a 54 per cent rise in student enrolment this year. Last year, the number was 37,000. Mr Bakshi said ICSI has signed a memorandum of understanding (MoU) with Securities and Investment Institute (SII), London, in terms of which ICSI, inter alia, will offer certain units of SII qualifications in capital markets, commodity markets, fund management, wealth management and investment banking as electives to both its students and members. “This will provide them exposure to the securities and investment industry apart from an internationally recognised qualification,” he said.
The SII has also recognised membership of ICSI for its automatic membership of SII at the Associate Level (ASI). Senior practitioners of ICSI in the securities and investment industry would be entitled to apply for Fellow Membership (FSI), disclosed the president of ICSI. Mr Jain said ICSI would sign mutual-benefit treaties with various global institutes of excellence, industry associations and is in the process of developing a network of institution-to-institution linkages globally to enhance the profile and professional competence of the Indian company secretaries. Speaking on the growing profile of company secretaries, Mr Jain said that in the new company law before Parliament, the company secretaries have been classified along with Chief Executive Officer and Chief Financial Officer in the company hierarchy, giving them a prominent position in the corporate structure. Speaking about other initiatives of ICSI, Mr Bakshi said it has set up one expert group for formulating ICSI Vision 2020. The group would articulate the action plan to realise the professional vision for the next decade. More Stories on : Education | Accountancy
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