The Company Secretaries Act, 1980

The Company Secretaries Act, 1980 was enacted to regulate and develop the profession of Company Secretaries in India. It sets out the qualifications and duties of Company Secretaries and establishes the Institute of Company Secretaries of India (ICSI) as the governing body for the profession. The Act defines the term 'Company Secretary' and lays down the qualifications required for individuals to become Company Secretaries. It also details the role and responsibilities of Company Secretaries, including their duties towards the company, its shareholders, and the government. The Act further provides for the disciplinary action against Company Secretaries who violate the rules and regulations set out in the Act. Additionally, the Act empowers the ICSI to regulate and oversee the functioning of its members and to take action against those who fail to adhere to the professional standards set out by the Institute.