The Council of the Institute of Company Secretaries of India (ICSI) held its 298th Meeting on July 13, 2023, and had taken prominent decisions.
The Council decided to accord approval for launching the Group Mediclaim Health Insurance Policy for Members of the ICSI.
Sensitizing the Company Secretaries in practice on Anti-Money Laundering (AML) & Countering the Financing of Terrorism (CFT) as per guidelines for professionals with Certificates of Practice from the Institute of Chartered Accountants of India (ICAI), ICSI and Institute of Cost Accountants of India (ICMAI)” as notified by Financial Intelligence Unit-India (FIU-Ind), Department of Revenue, Ministry of Finance is vital Decision of council.
The above-said notification by FIU-Ind came to effective on 19 June 2023 for registering as ‘Reporting Entities’ under the Prevention of Money Laundering Act, 2002.
The Council approved the proposal for conducting the ICSI Commerce Olympiad for students of class XI & XII every year, in association with the Commerce Teachers’ Foundation (CTF) and accorded approval for signing MoUs with the Higher Education Department of all State Governments for conducting Career Awareness Programmes (CAPS), Short term trainings and programmes on special topics.
Further accorded approval for conversion of 7th floor, ICSI House, C-36, Institutional Area, Sector 62, Noida-201309 as “Alternate Dispute Resolution (ADR) Centre
Approval of a uniform minimum stipend of Rs. 5,000/- (Rupees Five Thousand Only) per month for the students (both Executive & Professional Programme) registering for Practical Training (Company/Company Secretary in whole-time practice/other entities) on or after 01 August 2023 is a significant decision by the ICSI council meet which would be benefited many students on this field.
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