- The Institute of Companies Secretaries of India (ICSI) is confident about the incorporation of the changes for compliance and governance in the corporate sector that it sought in the Companies Act, 2013.
- One of it is the mandatory appointment of company secretary for all companies with a paid up capital of Rs. 5 crore and above.
- This was so under the Companies Act, 1956, but the Companies Act, 2013 raised the capital to Rs. 10 crore essentially eliminating 99% of the companies. This prompted the ICSI to approach the Ministry of Corporate Affairs.
- Another amendment was with regard to the secretarial audit.
- Read at: http://www.thehindu.com/todays-paper/tp-business/icsi-hopes-for-changes-in-companies-act/article5995046.ece
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