Arbitration Centre of Company Secretaries to open its chapter in Bengaluru

South India’s first Arbitration centre in city

Bengaluru, April 15: The much-awaited Arbitration Centre of Company Secretaries will open its Bengaluru Chapter in city shortly. This was announced in the press conference by Manish Gupta, President of The Institute of Company Secretaries of India (ICSI) here on Saturday.

Speaking to reporters, Manish Gupta said in South India the proposed Bangalore Chapter of the Arbitration Centre is going to be first of its kind though there is a proposal to open one more in Hyderabad. “Bangalore Chapter is opening soon,” he added.

He quoted the statement of the Chief Justice of India Justice D. Y. Chandrachud who has advocated the need for more such arbitration centres as an alternative institutionalized mechanism to resolve and redress disputes pertaining to the companies. “The proposed Arbitration Centre in Bengaluru will function from the office of the ICSI,” Manish Gupta said.

Manish Gupta said that the Company Secretary course has been considered equivalent to the PG Courses by the University Grants Commission (UGC). “If any student wants to go in for Doctorate – PhD – he or she can straightaway go to Doctorate and not do PG again because the Company Secretary Course has been declared equivalent to PG recently by the UGC,” he explained.

He said that the Company Secretary Course is not only equivalent to PG but is on par with the United Kingdom’s International Skill Course, according to the UGC.

The United Kingdom’s EINC is an organization that imparts training as well as provides information and guidance on professional courses. ICSI courses are equivalent to the courses offered in UAE and Britain. “This, by itself, is significant. In this competitive world, gaining employment is imporatant but what is more important developing professionalism. These courses are of great help to the students,” Manish Gupta explained.

“We have entered into an collaboration with Science Olympiad and we have brought in new syllabus to prepare the students for the emerging challenges in the field. In order to create awareness among the students about the importance of Company Secretary Course, we plan to organize an International Commerce Olympiad shortly,” Manish Gupta explained.

ICSI has planned to hold a week-long “Capital Market Week” on the theme “Learning from G20, Stability, Competitiveness and moving towards Comprehensive Market Capital” from April 22 to 29. During this week, there is going to be seminar, workshops and webinars. It will be attended by Regulators, Market Experts and Depositors. The discussion will centre around capital investment and educational qualifications.

“A two-day three-day international conference has been organized on May 11 and 12 at the London Chapter of ICSI. The theme of the international conference is sustainable development and stabilized future of the world order. Experts and professionals from both India and Britain are going to participate,” Manish Gupta added.

The ICSI is also providing funds to the Ministry of Defense (MoD) to identify the daughters of martyred soldiers for their education under the “Shaheed Ki Beti” scheme as part of the Corporate Social Responsibility.

ICSI Vice President B. Narasimhan, Central Committee Member Dwarakanath, Vice President of the South Indian Regional Council Pradeep Kulkarni, President of the Bangalore Chapter of ICSI Parameshwar Bhat and ICSI Secretary Devika Sathyanarayana were present in the press conference.

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