The Hindu Business Line : ICSI readying secretarial code

THE Institute of Company Secretaries of India (ICSI) has lined up a series of secretarial standards, some of which are likely to be introduced in the coming months.

The institute, which is trying to speed up the work involved in drafting the standards, has already brought about the first few of these, including one on board meetings. The secretarial standards board of ICSI has been assigned the task.

The areas identified for framing such standards include investor grievances, transfer and transmission and buyback of shares, said Mr P.K. Vijay, President of ICSI. A few other themes, such as public issues and mergers and acquisitions, will also be attended to, he added.

The standards, ICSI maintains, are being worked out in line with the latest technological developments.

Mr Vijay, who was in the city recently to interact with students, told Business Line that the institute has also lined up a few other programmes. Its members, it is pointed out, will soon have to limit the signing of compliance certificates.

It has further proposed to take up certain international assignments, particularly in a few African countries.

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