Company secretary has to interact, coordinate, integrate and cooperate with various other functional heads in a company. In the company secretaries act, 1980 56 of 1980 hereinafter referred to as the principal act, in sub section 1 of section 2. A member of the institute of company secretaries of india icsi may also practice independently as a professional after obtaining a certificate of practice as provided in the company secretaries act, 1980. The institute of company secretaries of india constituted. Be it enacted by parliament in the thirtyfirst year of the republic of india as follows. Company secretaries act, 1980 56 of 1980, as amended by the company secretaries amendment act, 2006, the council of the institute of company secretaries of india hereby issues the following guidelines. Get the company secretaries act 1980 microsoft store. Company secretaries act, 1980 56 of 1980, the central government hereby makes the following rules, namely. Short title, extent and commencement 1 this act may be called the company secretaries act, 1980. The institute of company secretaries of india icsi has introduced company secretary executive entrance test cseet from february 3, 2020. An act to make provision for the regulation and development of the profession of. Institute of company secretaries of india wikipedia.
The council in its meeting held on november 22, 20 unanimously decided to approach central government seeking the following amendments to the company secretaries act, 1980 on priority. The company secretaries amendment bill, 2010 a bill further to amend the company secretaries act, 1980. Accordingly, in order to ensure that the objective of the company secretaries act, 1980 is met, the need for guidelines has become all the more necessary when the companies act, 20 and rules framed thereunder have made specific. Cseet syllabus 2020 by icsi cs executive entrance test. In year 2010, institute of chartered secretaries of bangladesh icsb established under an act of parliament i. All about company secretaries act,1980 by mitali tiwari. Icsi is the only recognized professional body in india to develop and regulate the profession of company secretaries in india. A company thus has legal rights and obligations in the same way that a natural person does. Keeping in view increasing responsibilities of company secretaries governance. An act to enable companies to make donations to national funds. Secretaries regulations, 1982 which the council of the institute of company secretaries of india proposes to make, in exercise of the powers conferred by subsection 1 of section 39 of the company secretaries act, 1980 56 of 1980, and with the prior approval of the central government, is hereby published, as required by. Amendments to the company secretaries act, 1980 tg team.
Definitions and interpretation in these regulations, unless the context otherwise requires, a act means the company secretaries act, 1980 56. The institute of company secretaries of indiaicsi is constituted under an act of parliament i. Ministry of corporate affairs thecompanysecretariesact. While the name of the institute remains icsi, its members may be named as governance professionals.
The company secretaries act, 1980 is an enactment which regulates the profession of the company secretaries. Statutory body under an act of parliament of india, i. Introduction the company secretaries act, 1980 was enacted to make provisions for the regulation and development of the profession of. Rights and role of company secretary under companies act. Intimation to be given to the previous incumbent company. The company secretaries amendment act 2006 prs india. The companies donations to national funds act, 1951. The foreign trade development and regulation act, 1992. Companies and partnerships compared a a company can be created only by certain prescribed methods most commonly by registration under the companies act 1985. Institute of company secretaries of india exam 2020 icsi exam updated on may 15, 2019 by anangsha patra icsi. Amendments to the company secretaries act, 1980 taxguru. The company secretaries act, 1980 provides for the regulation and development of the profession of company secretaries. The companies act, no 71 of 2008 the act prescribes that all public and stateowned companies are required to have a company secretary. Under company secretaries act, 1980, company secretary means a personwho is a member of the institute of company secretaries of india.
This act basically governs the company secretaries. The company secretaries act, 1980 1the first schedule see sections 2, 21a3 and 22 part i professional misconduct in relation to company secretaries in practice a company secretary in practice shall be deemed to be guilty of professional misconduct, if he 1 allows any person to practise in his name as a company secretary unless. The company act, 1956 repealed the company secretaries act, 1980. The institute of company secretaries of india icsi is the organization set up under an act of parliament, i. The company secretaries act, 1980 adherence support. The institute of company secretaries of india icsi is a statutory professional body in india with. Short title and commencement 1 these rules may be called the company secretaries procedure of investigations of professional and other misconduct and conduct of cases rules, 2007. Icsi cs executive entrance test syllabus for the first exam to be held in may 2020. The act came into force on 1 st day of january, 1981 as the companies secretaries act, 1980. The cs stands in a fiduciary position either he serves to the organization in the capacity of employee or as a navigator practising professional. Best company secretary self study material best icsi books. Company secretaries act, 1980 clause 8 of part i of the first schedule to the company secretaries act, 1980 provides that a company secretary in practice shall be deemed to be guilty of professional misconduct, if he accepts the position of a company secretary in practice previously held by another.
As amended by the company secretaries amendment act, 2006. Click view more or select more resources tab for additional information including. All persons whose names are entered in the register of the dissolved company immediately before the commencement of this act and all persons who may hereafter have their names entered in the register to be maintained under this act. Be it enacted by parliament in the thirty first year of the republic of india as follows. The institute of company secretaries of india icsi has since been converted into a statutory body w. Section 21 in the company secretaries act, 1980 1 in this act, unless the context otherwise requires, a associate means an associate member of the institute. Taxheal is a complete portal for latest updates and information on gst, income tax return, tax saving, gstr etc. The said act was amended in 2006 by the company secretaries amendment act, 2006, inter alia, to enable the members of the institute of company secretaries of india to form multidisciplinary. Schedule to the company secretaries act, 1980 as amended by the company secretaries amendment act, 2006, the council of the institute of company secretaries of india hereby issues the following guidelines. The company secretaries act, 1980 was enacted to make provisions for the regulation and development of the profession of company secretaries. A company secretary means a person who is a member of the institute of company secretaries of india.
A partnership is created by the express or implied agreement of the parties, and requires no. The company secretaries act 1980 56 of 1980 389 10th december, 1980 an act to make provision for the regulation and development of the profession of company secretaries. The institute of company secretaries of india set up under the said act has been conducting examinations and prescribingstandards for adherence by its members. According to the companies act, a company secretary means a company secretary as defined in sec 21c of the company secretaries act, 1980, who is appointed by a company to perform the functions of a company secretary under this act sec 224. An act to make provision for the regulation and development of the profession of company secretaries. Company secretaries act, 1980 bare acts law library. According to section 21c of the company secretaries act, 1980, company secretaries are the people who are the member of the institute of company secretaries of india. Section 21c of the company secretaries act, 1980 states cs means a person who is a member of the institute of company secretaries of india icsi. Be it enacted by parliament in the sixtyfirst year of the republic of india as follows. Short title these guidelines may be called the icsi unique document identification number udin guidelines, 2019.
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