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The Institute of Company Secretaries of India (ICSI) is expanding its footprint globally, with the demand for such professionals rising in certain parts of the world.
“We are in the process of opening offices in CIS countries, Latin America and African regions not only to facilitate company secretaries from India to engage themselves there but also to train professionals in those countries. In CIS countries and even in mainland China, the profession of company secretaries is almost non-existent,” Mr Anil Murarka, ICSI president, told presspersons here on Tuesday.
The setting up of offices by ICSI in these countries would facilitate Indian professionals to work overseas.
He said the Union Government was also supportive of this initiative. “We are currently in discussion with Singapore, Malaysia, Kenya and Australia for signing MoUs for sharing resources, ideas and capabilities in this sector,” he added.
ICSI and Chartered Institute for Securities and Investment (CISI), London, have already signed an MoU, which provides company secretaries to develop skills in specialised areas such as capital markets, commodity markets, fund management and investment banking.
There has been a significant rise in enrolment of prospective candidates to take to the profession. “In 2010, there was a 57 per cent rise in enrolment of students over the previous year, while in 2009 the increase was 50 per cent, despite the recessionary trends,” said Mr N.K. Jain, Secretary and CEO of ICSI.
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