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11th National Conference of Practising th Company Secretaries

R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs, inaugurated the 11th National Conference of Practicing Company Secretaries. The Company Secretaries are well recognised professionals and they should go forward to spread their wings in the way that many more people take shelter under their wings, advised R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs while delivering the inaugural address at 11th National Conference of Practicing Company Secretaries on the theme Spread Wings to Reach New Horizons, here today at Taj Chandigarh, Chandigarh.

The horizon of Company Secretaries should not only be limited within its professional domain, it must also extend to people who are still not part of corporate growth, added Bandyopadhyay and further advised that it is the duty of Company Secretaries to spread this message and advise the Boards in this regard. Speaking on the initiatives of the Ministry of Corporate Affairs, he hoped that the Companies Bill will be placed in Monsoon or Winter Session of Parliament. While speaking on the Limited Liability Partnership Act, Secretary MCA, observed that the Act provides a platform to Company Secretaries to form large firms. In this regard he informed that a Bill to tune the Company Secretaries Act, with Limited Liability Partnership Act, has been placed in Parliament. This would help Company Secretaries to form multi dimensional, and even multi national firms, he added.

Speaking on the Voluntary Guidelines on Corporate Governance and Corporate Social Responsibility issued by the Ministry of Corporate Affairs, he advised that the Guidelines provide that if a company is not adopting for genuine reasons certain provisions of these guidelines, such companies are expected to explain the reasons for not adopting these guidelines, to their shareholders, investors and other stakeholders.The Ministry has invited views and sug- gestions from professional bodies, intellectuals and members of the society on these guidelines, which would be collated and the guidelines would be reviewed in the year-end. In this regard, he advised the Company Secretaries to spread this message to the corporate boards.

Vinayak S. Khanvalkar, President of the Institute, said in his address that the sustainability, efficiency and inclusive growth are corner stones of policy process in the context of growing range of economic, social, environmental and governance issues in the main stream of business and professional thinking.

N.K. Jain, Secretary & Chief Executive Officer of the Institute while proposing the Vote of Thanks to R. Bandyopadhyay assured that the Institute and the profession of Company Secretaries would provide its might in all endeavours of the Ministry of Corporate affairs.