eCSIN - A Platform to monitor Company Secretaries employment

The Institute of Company Secretaries of India (ICSI), through its Council has issued the Employee Company Secretary Identification Number (eCSin) guidelines. Through eCSin, an effort is made to bring more transparency by creating platform to identify company secretaries employed in a particular company.  The objective of issuing eCSin is to monitor the appointment and cessation of company Secretaries in employment as per section 203 of Companies Act, 2013

The Key points of the guidelines are as under:

• eCSin is required to be generated by Company Secretary who is in employment as a company secretary as well as the demitting the office in any manner
• eCSin is a system generated random alphanumeric number
• No fee is prescribed for generation of eCSin
• eCSin is required to be quoted on the consent letter/resignation or cessation letter as the case may be which is required to be attached with the Form DIR-12 prescribe for appointment or cessation of Company Secretary under Companies Act, 2013
• Quoting of eCSin is mandatory w.e.f. 1 October, 2019 and till that time is recommendatory in nature
• Due date for generation of eCSin is 31 December, 2019 w.r.t. members in respect of whom form 32 under the provisions of erstwhile Companies Act, 1956 or form DIR-12 under the provisions of the Companies Act, 2013 has been filed upto and including 30 September, 2019

Any non- compliance with these guidelines shall render the members liable for action under the Company Secretaries Act, 1980 read with First and Second Schedule to the said Act which deals with professional misconduct.