ICSI 45th Annual Report: Highlights ESG Push, Governance Reforms, Guidance Notes and Easing Compliance

The Institute of Company Secretaries of India (ICSI) released its 45th Annual Report, showcasing its initiatives in Environmental, Social, and Governance (ESG) frameworks, governance reforms, and easing compliance processes. The report highlights ICSI's efforts in promoting ESG awareness through national conferences and partnerships with academic institutions, signaling a shift towards sustainability in corporate governance. Additionally, ICSI issued guidance notes and clarifications on provisions of the Companies Act, 2013, particularly concerning loans, investments, and compliance responsibilities, to aid professionals in interpreting complex provisions. The report also emphasizes the enhanced deployment of digital tools for compliance, such as the PMLA portal and software like InsiderLens and proCS SDD-C, facilitating members in managing statutory obligations. Furthermore, ICSI received recognition from SEBI as a Self-Regulatory Organisation (SRO), enhancing its role in securities market compliances. The report also discusses representations made by ICSI on the draft Income Tax Bill, 2025, advocating for the inclusion of Company Secretaries within the definition of "Accountant."