Sunday, December 25, 2011

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA LAYS FOUNDATION STONE OF NEW BUILDING FOR BANGALORE CHAPTER

The Bangalore Chapter of the Institute of Company Secretaries of India (ICSI) today performed ‘Bhoomi Pooja’ (Foundation Stone Laying Ceremony) of their New Building for the Bangalore chapter at the newly purchased land at No. 5, 1st Main Road, Rajajinagar Industrial Estate, West of Chord Road, Bangalore. The occasion was graced by Dr. M. Veerappa Moily, Hon’ble Minister for Corporate Affairs, Government of India.


Key invitees like Mr. B N Harish, Registrar of Companies, Karnataka, Mr. S K L Ramakantha, Official Liquidator, and Bangalore along with representatives from Trade Bodies/ Associations viz. CII, FKCCI, BCIC, ASSOCHAM and other professional Institutions like ICAI and ICWAI were present. CS Anil Murarka, President of ICSI, CS Nesar Ahmad, Vice President of ICSI and CS NK Jain, CEO & Secretary of ICSI were also present along with other Central Council Members of ICSI from across the country.

Sharing his views on the occasion, CS Gopalakrishna Hegde, Central Council Member and Chairman, Building Committee of the Bangalore chapter of ICSI said, “For more than 25 years, the members and students of the Bangalore chapter of ICSI have been dreaming of having a bigger and better facility. It is really a dream come true for the CS fraternity. The long cherished desire of CSs in Bangalore, the need of the ever growing number of CS students in Bangalore, the dream of many and the Team of Bangalore has made it happen. It is indeed a historic moment. I look forward to the exponential growth of Company Secretaries profession and a massive gain for members and students accruing when the building is fully ready”.





The Bangalore chapter of ICSI currently functioning out of its own building at Sheriff Chambers, Cunningham Road has acquired a piece of land at the above address admeasuring 12,801 sq ft. on which a spacious structure will be constructed in two phases. The first phase is expected to be completed in the next 1 year and it will cater to the growing needs of the CS fraternity in Bangalore which consists of about 1500 members and 8000 students pursuing the course. The proposed building will house sufficient number of well laid out classrooms for the students, a state-of-the-art library as well as spacious training / conference rooms & auditorium for conducting professional development programmes. The vision is to ultimately develop it as a Centre of Knowledge excellence.


Some of the key initiatives of ICSI include web based e-learning facilities for the students across the country, institution of ICSI National Awards for Excellence in Corporate Governance, setting up of Corporate Governance Research & Training Institute, collaborations with leading Universities / Institutions like NALSAR, Hyderabad, NLSU, Bangalore, IGNOU and IIMB. The Institute has collaborated with Chartered Secretaries institute of Australia, Hong Kong, Malaysia, Singapore, South Africa, UK, Zimbabwe, Bangladesh, Kenya, London and Pakistan. ICSI has also entered into an MOU with United Stock Exchange of India.



The Institute operates with a Vision plan called ‘ICSI Vision Plan 2020’. The Vision Plan 2020 is being envisioned by a Core Group of Experts. The Vision Plan will be formulated in the coming years with respect to its members and students. The Vision would encompass initiatives including extensive addressing of career orientation, professional development programmes, brand building, extensive research projects, re-organization and infrastructure development, study of future role of CS and globalization of profession. The institute also believes in collective wisdom and foresight of its members shaped into a cohesive, achievable long term plan.


For more details visit, please visit the website: http://www.icsi.edu/.




About ICSI



The Institute of Company Secretaries of India (ICSI) is constituted under an Act of Parliament i.e. the Company Secretaries Act, 1980. ICSI is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India. ICSI awards the certificate of bestowing the designation of Company Secretary (CS) to a candidate qualifying for the membership of the Institute. It was in 1960 that the Company Law Board started a course in Company Secretaryship leading to the award of Government Diploma in Company Secretaryship. As the number of students taking up the Company Secretaryship course grew, the Government promoted on 4th October, 1968, Institute of Company Secretaries of India under Section 25 of the Companies Act, 1956 for taking over from the Government the conduct of Company Secretaryship examination. The ICSI has since been converted into a statutory body w.e.f. 1.1.1981 under the Company Secretaries Act, 1980. ICSI has on its rolls 21,042 members including 3,523 members holding certificate of the practice. The number of current students is over 1,50,000.