Hailing the role of ICSI, PK Malhotra, Secretary at Ministry of Law & Justice says the NDA govt will soon be launching a Service Delivery Act in which an officer will be held responsible if a particular task is not done in a stipulated time
The institute of Company Secretaries of India (ICSI) kick started a two-day program for CS, on Friday in Mumbai, with the theme PCS (Practicing Company Secretaries) – The facilitator for corporate growth.
P. K. Malhotra, Secretary at Ministry of Law & Justice Government of India, was the chief guest at this event. He appreciated efforts of the ICSI and complimented the governing council on their task to always produce and provide the best CS. He started on a lighter note by saying that, “I am the only one in this room who is not a CS.”
He said that, “CS is the backbone of any company and they should arrive to the occasion. I appreciate the hard work and the efforts taken by ICSI”
He also spoke about how the NDA government was looking at the economy differently and always asked for ideas from the officers. He said, “NDA has got a clear mandate and the PM has a good vision that will boost the economy. The PM always asks for ideas from we officers which will benefit the people at the ground level”. “The PM says that you are working for millions of people and not me,” he further added.
He also mentioned initiatives taken by the NDA government to improve work culture and quoted an example saying, “We will be launching a Service Delivery Act in which an officer will be held responsible if a particular task is not done in stipulated time. This will make sure that deadlines are met and people won’t have to run from pillar to post. In case of a delay, the officer concerned officer would be questioned and might be punished on dissatisfactory reasoning. ”
CS R Sridharan, President of ICSI, expressed his happiness over 2013 Companies Act and said that, “I, as a President, welcome this new Companies Act 2013 for CS”.
Now a CS is equivalent to a company director or a COO and enjoys being a key managerial personnel. Even the new syllabus has been designed as per the new companies act 2013. He said that, “Expectations from the CS are very high from the stake holders and the corporate world. Steep competition and an uninformed consumer is one of the biggest challenges and the CS needs to be equipped with specific skill sets to tackle this. Global economic growth is changing fast and we need to match our pace.” He further mentioned that ICSI is involved in a lot of capacity building activities for the CS by organizing seminars, conferences, awareness program’s etc.
“On an average there are 4 lakh students who are pursing CS course across all the levels and every year around 60 thousand register for our courses. We ensure that they are trained on soft-skills and other training aspects which makes them more competitive in the professional world” he further added.
Earlier, Anil Murarka, past president of ICSI, while welcoming all the delegates and guest’s said that, “PCS is relevant and important.” “The world is looking at a young and rejuvenated India and together we can bring acche dinn (good day’s) if we respond to the corporate and market requirement.”
P.K.Malhotra also launched four books related to CS during this event like Competition Law in India, One-person Company, Guidance note on Annual return and Guidance note on Secretarial Audit.