Bhubaneswar, Sep 19: Secretarial Standards will create enormous confidence in minds of investors particularly fund managers and overseas investors as these investors are very much concerned about good governance practices and sound procedures. Consequently, this will lead to more flow of capital into India, new projects, more modernization and expansion said, CS Atul H Mehta, President Institute of Company Secretaries of India (ICSI). He was addressing the national seminar on Secretarial Standards, organized by the ICSI here on Friday.
He said “It is a historical moment for the institute as ICSI is the first institution to issue ‘Secretarial Standards’ anywhere in the world and that is effective July 1, 2015 and around 9 lakh companies in India will have to comply with these standards to be fully complaint under Companies Act 2013”. The seminar was attended by many dignitaries and students of the institutes.