Page 21 - Newsletter

CS Ramasubramaniam C, Council Member,
The ICSI, CS Dhanapal S, Chairman
Classroom teaching , ICSI-SIRC, Mrs.
Sarah Arokiaswamy, Joint Secretary, ICSI-
SIRO.

CS Ganapathi G M, Chairman, ICSI-SIRC
welcomed the delegates and wished
th
everyone on the happy 68 Republic day.
He said that every time we used to plan for
formal topic but We being governance
professionals this time we chose a subject
of governance being “Ethics in governance”.
He introduced the chief guest and speaker
of the session Shri Sudararajan M S
Former Chairman & Managing Director,
Indian Bank, Chennai. STUDY CIRCLE MEETING HELD ON
27.01.2017 ON “SUPREMACY OF
Shri Sudararajan M S thanked the SARFAESI ACT OVER SICA ACT” AT
chairman for providing him with the ICSI-SIRC
opportunity. He started his session by
sharing his experiences with Indian bank The ICSI-SIRC organized study circle
that how he became a Company secretary. meeting on “Supremacy of SARFAESI Act
th
He mentioned that co-ordination of action over SICA Act” on Friday, the 27 January
and emotion plays an important role in 2017 at ICSI-SIRC House, Chennai.
ethics. He briefed how lack of ethics lead to
erosion in governance standards. He CS Mohan Kumar A, Secretary, ICSI-
quoted the Mahabharata to give examples SIRC, welcomed and introduced the
of ethics and transparency. He spoke on the speaker of the session.
recent issue of electoral funding and Tata
episode. He said good governance can be Shri Dhanaraj B, Advocate, Chennai
achieved by accountability, Transparency, started the session by saying that secured
Responsive, Equitable and inclusive, creditors have right for enforcement of
effective and efficient, participatory, secured interest under section 13 of
consensus oriented and follow the rule of SARFAESI Act, 2002. He elaborately spoke
law. So as to provide insight into business on the various cases where the provisions
ethics he quoted a lot from his own of the SARFAESI Act do not apply.
experiences.
The session ended with formal vote of
CS Dhanapal S, Chairman Classroom thanks by CS Mohan Kumar A, Secretary,
teaching, ICSI-SIRC proposed the vote of ICSI-SIRC.
thanks.


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SIRC eNewsletter/January 2017