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| The ICSI signs MOU with United Stock Exchange of India |
| Announcement / Markets Mar 10, 2011, 19:05 IST |
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The Institute of Company Secretaries of India (ICSI), a premier professional body in the country and United Stock Exchange of India (USE), India’s newest stock exchange signed an MOU for exchange of information, consultation and cooperation.
The MOU which was signed on 7th March 2011 at the New Delhi entails sharing research materials, publications, educational literature, demonstration material and information. It will also include the organization of joint conferences, exhibitions & seminars and joint research programs on financial markets and corporate governance to empower its members.
Company secretaries in all sectors have high level responsibilities including governance structures and mechanisms, ensuring compliance with statutory and regulatory requirements. This MOU would also help familiarize the Company Secretaries with the growing currency derivatives segment.
Speaking on the development, Mr. T.S. Narayanasami, Managing Director& CEO of United Stock Exchange said, “We are delighted to be associated with ICSI and look forward to a fruitful mutual relationship. Our main aim from this MOU is sharing of vital knowledge and information related to Currency Derivatives. Activities planned will help both the parties learn mutually from each other.”
Mr. Anil Murarka, President, of the Institute of Company Secretaries of India (ICSI) said, “The signing of the MOU with United Stock Exchange will play a crucial role in sharing as well as updating knowledge related to the financial markets. We have mutually planned to host a series of activities which will create opportunities for sharing market related information.”
As part of the ongoing MOU, United Stock Exchange will conduct awareness programs for members of ICSI across India. These programs will comprise seminars, workshops and research programs in all major Indian towns and cities.
About United Stock Exchange of India:
The United Stock Exchange of India Limited (USE) is India’s newest stock exchange for currency derivatives. The exchange offers a better platform to corporates and SMEs for managing forex risk as spread rates in an exchange are better and it does not involve any counter party risk.
For more information visit: www.useindia.com
About ICSI
The Institute of Company Secretaries of India (ICSI) is a premier national professional body established by an Act of Parliament (Company Secretaries Act, 1980) to develop and regulate the profession of Company Secretaries. ICSI develops a cadre of highly competent Company Secretaries for ensuring good Corporate Governance and effective management. The Institute bestows ICSI National Award for Excellence in Corporate Governance to best governed Companies.
For more information visit: www.icsi.edu
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