The Institute of Company Secretaries of India (ICSI) on Monday notified the extension of the ICSI (Employee Company Secretaries Identification Number) Amnesty Scheme 2021 till June 15, 2021.
The Institute has issued the ICSI ECSIN Guidelines, 2019 effective from October 1, 2019 to enable the Institute to identify a Company Secretary employed in a particular organisation and bring more transparency.
The Institute has launched ECSIN Amnesty Scheme, 2021 effective from April 20, 2021 to May 15, 2021 considering the practical problems and other difficulties being faced by the members that led to default in certain cases in generation/rectification/revocation of ECSIN and subsequently in view of the second wave of Covid-19 extended the Amnesty Scheme upto May 31, 2021.
“In view of the persisting situation in the Country due to Covid-19 whereby members may themselves got affected or some of their family member/close associates may be requiring attention in this difficult time, it has been noticed by the Institute that the members were not in a position to avail the benefit under the Amnesty Scheme, 2021 by the last date i.e. May 31, 2021 i.e. today,” the ICSI said.
The Institute in view of the unprecedented conditions has decided to extend the ICSI ECSIN Amnesty Scheme 2021 till June 15, 2021.
The ICSI further added that all active ECSIN generated from the effective date of ECSIN Guidelines i.e. 1st October, 2019 and to be generated upto the validity of the scheme i.e. June 15, 2021 shall be eligible for the purpose of this Scheme. Other conditions of the Amnesty Scheme shall remain the same.
The objective of the eCSIN Amnesty Scheme, 2021 is that the Company Secretaries Act, 1980 provides for the regulation and development of the profession of Company Secretaries. Accordingly, in order to ensure that the objective of the Company Secretaries Act, 1980 is met, the need for Guidelines has become all the more necessary when the Companies Act, 2013 and rules framed thereunder have made specific provisions under Section 203 and Rule 8 and Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 for appointment of Company Secretary. This will enable the Institute to identify a Company Secretary employed in a particular Company and bring more transparency. Needless to mention that this will facilitate the members to update their professional address in the Register of Members maintained by the Institute in terms of Regulation 3 of the Company Secretaries Regulations, 1982.
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