Institute of Company Secretaries of India (ICSI) believes that in the next five years, more than 15,000 trained CS will be required in the country.

"The Parliamentary Standing Committee on Finance is likely to table its report on the proposed amendments to the Companies Bill sometime next week. The new proposed bill is likely to enhance the requirement of trained CS six-fold," said ICSI president Nesar Ahmed, adding that there are close to 30,000 practicing CSs in the country. "The amendments propose to redefine the position of CS as risk managers in the organization. Today when the thrust is on to make companies self compliant CS will have a key role to achieve the same," said Ahmed. tnn adding that India is the only country where a statutory institution like ICSI regulates the profession of company secretaries.

"Several corporate cases and frauds have come to limelight after CS blew the whistle. In the current scenario where fingers are being pointed at corporate functioning, CS will have to play a crucial role in the coming days," said Umesh Ved, council member, ICSI. (Times of India)