Companies Act 2013 is a blessing, says expert

“The Act addresses good governance seriously”

January 08, 2015 12:00 am | Updated 05:40 am IST - MADURAI:

In detail:R. Sridharan, president, Institute of Company Secretaries of India, addressing a seminar on 'Companies Act 2013,' in Madurai on Wednesday.— Photo: R. Ashok

In detail:R. Sridharan, president, Institute of Company Secretaries of India, addressing a seminar on 'Companies Act 2013,' in Madurai on Wednesday.— Photo: R. Ashok

“It is very important for students and professionals to understand and learn about the changes that have been made in the Companies Act, 2013,” said R. Sridharan, president of the Institute of Company Secretaries of India (ICSI), New Delhi, here on Wednesday.

He was addressing a seminar organised by the ICSI Madurai Chapter on ‘Companies Act 2013 – Salient features with particular reference to lending to corporates.’

“While company secretaries play an important role in organisations, effective team work with other professionals will help us define our position better. Capacity building programmes offered by the ICSI will further help students understand the Act,” Mr. Sridharan also said.

‘We are learners’

Speaking about the Act, Sutanu Sinha, CEO and Officiating Secretary of the ICSI, said the new Act was a blessing which would help companies finding it tough to operate within the old law which was not in sync with the global business practices.

“The law now helps project companies to the stakeholders and addresses good governance and other such practices seriously. As professionals and students, we are all learners and should devote time to read about the law and be ambassadors for the ICSI,” he added.

The two professionals from the ICSI further addressed over 500 commerce students of Lady Doak College on becoming a Company Secretary and exploring the field as a viable career option.

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