Sunday, 8 September 2013

New Co. Act will bring positive changes: Bagla - Source LT

Company secretaries' conference inaugurated Rishi Bagla, Harish Buch, Prakash Pandya, Atul Mehta, A R Joshi, Laxmikant Jaipurkar releasing a souvenir at the inaugural function of State-level Conference of Institute of Company Secretaries at Tapadiya Natyamandir, in Aurangabad on Saturday. Company secretaries' conference inaugurated 

Company Secretary (CS) is an unavoidable part of any industry. The role of CS decides the future of that industry. The new Company's Act has put more responsibilities on the shoulders of CSs and has created more opportunities for them. Now, they should contribute with their efficiency and balanced work system for the benefit of the company, company directors as well as the share holders, society and the nation, asserted Aurangabad Electricals' managing director Rishi Bagla.
He was speaking at the inaugural ceremony of the national-level conference of the Aurangabad chapter of the Institute of Company Secretaries of India (ICAI) here at Tapadiya Natyamandir, today.
Bagla dealt with 'Corporate Scenario Emerging Trends'. Western India Regional Council president Hitesh Buch, Professional Development Committee chairman Prakash Pandya, A R Joshi, Prasad Takalkar, Anurag Gite, Makarand Lele and others were present. A souvenir was released by the chief guest.
Bagla said, "Company Secretaries should take into consideration the basic principles of business sector and take a balanced, analytical and strict stand. They must take the decisions for the benefit of the company and employees' welfare without breaking laws."
Buch called for the study of changes made in the Company's Act. "The addition of new sections has developed the work area and at the same time it has also increased the responsibilities," he said. Central committee member Atul Mehta spoke on demand-supply scenario in the field. "Today, the country needs more than two lakh company secretaries but only 35,000 are available," he said.
Pandya appealed to the audience to take advantage of the opportunities available and to update their knowledge. Chapter's president Laxmikant Jaipurkar explained the motive behind organising the conference. A R Joshi threw light on various drives of the organisation. Dr Dhanashri Sardeshpande anchored the event.
Several industrialists, students, and entrepreneurs are attending the conference as it is providing detailed information about the profession of CSs and their role in the development of the country.

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