SME Times News Bureau | 04 Oct, 2021
Company Secretaries should look
beyond their existing set of responsibilities and partner with the Ministries
and the Regulatory Authorities in easing compliances for the tax paying
citizens.
This was said by Union Minister of Finance
& Corporate Affairs Nirmala Sitharaman at the 53rd Foundation
Day celebrations of the Institute of Company Secretaries of India (ICSI) here
today.
Chief Guest and the
Finance Minister, Sitharaman, appreciated the ICSI for attuning the celebration
with Azadi Ka Amrit Mahotsav and choosing the theme “Powering Atmanirbhar
Bharat through Entrepreneurship and Innovation” in tandem with this vision.
The Finance Minister
expressed her delight while complimenting the Company Secretaries for their
commendable job during the COVID-19 pandemic and further urged the youth of the
country to join this profession as this role will expand further in the future
in Sunrise Sector.
The commemoration
also witnessed the presence of Dr. T.V. Somanathan, Finance Secretary &
Secretary, Department of Expenditure, Ministry of Finance, Government of India
and Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, as guests of
honour.
Dr. T.V. Somanathan
complimented the Institute for doing a remarkable job in promoting Good
Corporate Governance in the last 53 years. While discussing about the
importance of the role of Company Secretaries he said,
“You are the experts
of compliances and your exemplary advice will help corporates in getting rid of
extra compliance”.
Rajesh Verma lauded
the efforts of Company Secretaries in providing every assistance to the Ministry
for various incorporations and other services to the stakeholders.
Verma also mentioned
that “ICSI has been instrumental in providing valuable suggestions for bringing
necessary amendments in the Companies Act, LLP Act and formulation of BRR
Committee Report”.
On this momentous
occasion, the ICSI launched its 5th Overseas Centre in Australia at
the hands of the Finance Minister, Nirmala Sitharaman, reaffirming the
progression of the profession and the evolved role of the Institute in global
Corporate Governance arena.
The Institute also
launched a publication, Referencer on SEBI (Share based employee benefit and
sweat equity) Regulations 2021.
Elated to be a part
of this glorious journey of ICSI, CS Nagendra D. Rao, president, the ICSI,
emphasised on taking forward the recovery and the re-growth process to build a
strong and resilient economic system that will be dominant in the world.
He mentioned that
“the focus of the Institute in the near future will be upon: Skill Based
Development; Usage of Technology; Globalisation of the Profession; Research
& Skill Development Centres & Propagation of Governance Standards build
by ICSI”.
CS Devendra V
Deshpande, Vice-President, the ICSI, highlighted on the various collaborations
undertaken by the ICSI. He further added “Let us go beyond our recognition of
KMP & become professionals with holistic approach and provide solutions to
all stakeholders.
CS Ranjeet Pandey,
Past President, ICSI, in his address shared the glorious journey of 53 years of
the ICSI.