Question : DIRECTORATE FOR COMPANY SECRETARIES



(a) whether the Government proposes to set up a Directorate to deal with penal cases of Company Secretaries; and

(b) if so, the details thereof?

Answer given by the minister

MINISTER OF COMPANY AFFAIRS (SHRI PREM CHAND GUPTA)

(a) & (b) A Bill titled `the Company Secretaries (Amendment) Bill, 2003` was introduced in the Rajya Sabha on 23.12.2003, which inter-alia contains proposals for a revised Disciplinary Mechanism for the members of the Institute of Company Secretaries of India including establishment of a Directorate to deal with cases of professional misconduct.