ICSI notifies Constitution of the Academic Committee

ICSI Academic Committee - Constitution - Professional Development Committee - Taxscan

The Institute of Company Secretaries India (ICSI) has notified the inclusion of a new Professional Development Committee and has introduced the Constitution of the Academic Committee.

The new amendment proposes a new regulation to be included after section 105 which states:

Constitution and Functions of the Academic Committee.-

(1) The Council shall constitute an Academic Committee consisting of the members referred to in sub-section (2) of section 17.

(2) To assist the Academic Committee, the Council may appoint such experts as it may deem necessary for the efficient discharge of its functions.

(3) The President shall be the special invitee in the meetings of the Academic Committee.

(4) The ICSI members of the Academic Committee shall hold office for such term as may be determined by the Council and any vacancy in the Academic Committee shall be filled by the Council in the same manner as the member whose vacancy occurred was filled.

(5) The ICSI  members of the Academic Committee shall be entitled to such sitting fee, traveling, conveyance, and other allowances as may be determined by the Council:

Provided that Council Member shall not be entitled to any sitting fee.

(6) The Academic Committee shall be entrusted with the task of planning and implementation of all academic activities related to students including:-

  1. (i)  scanning of the economic and regulatory environment;
  2. (ii)  designing the syllabus and its contents and periodical review and revision thereof;
  3. (iii)  designing mode of education;
  4. (iv)  assessing and finalization of the training requirements;
  5. (v)  designing the mode of examination and evaluation system;
  6. (vi)  recommending necessary changes to the Council as and when required, and
  7. (vii)  any other related academic matters:

Provided that the Committee shall regularly monitor the effectiveness of the above and recommend necessary changes to the Council, as and when required; Provided further that the terms of reference of the Academic Committee may include any other area as may be determined by the Council.

(7) The Academic Committee shall meet as and when required, however, at least one meeting shall be held on a half-yearly basis and there shall be a gap of at least four months between two meetings.

(8) The quorum of the Academic Committee shall not be less than one-third of the total members of the Committee.

(9) A member who has any pecuniary interest or perceived to have any pecuniary interest, direct or indirect, in any matter which is brought up for consideration of the Academic Committee, shall disclose the nature of his interest in such matter and such disclosure shall be recorded in the proceedings of the Committee.

(10) The member referred to in sub-regulation (9), shall not take any part in any deliberation or decision of the Committee on such matters.

(11) The Academic Committee shall work as per the overall policy framework and vision of the Institute as decided by the Council from time to time.

(12) The Council shall have the power to review any decision taken by the Academic Committee in the performance of functions assigned or delegated to it.

(13) The Council shall record the reasons in writing, where it does not accept any recommendation of the Academic Committee and shall disclose the same in the Annual Report of the Institute.

(14) Subject to the provisions of the Act and Regulations, the Academic Committee may delegate by resolution, any of its duty or function to the President or Vice-President or Council Member or Secretary or Chief Executive; or any other Officer of the Institute not below the rank of the Director, as may be deemed necessary and proper.”

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