ICSI has requested legal amendments to allow Company Secretaries to appear before Debt Recovery Tribunals, highlighting their expertise.
ICSI Advocates DRT Appearance Rights for Company Secretaries
The ICSI has officially requested the Government to amend current laws allowing Company Secretaries in Practice to represent clients before Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs). This request is based on the complexity of debt recovery matters that often require expert guidance in corporate law and insolvency sectors.
By recognizing the professional standing of Company Secretaries, this amendment could streamline debt recovery processes and enhance corporate governance. The expertise of Company Secretaries in navigating such proceedings could provide significant advantages to companies facing debt recovery issues.
Legal advisors should monitor these developments as they may impact client representation strategies in DRT proceedings, thus reshaping the landscape of debt recovery in corporate law.
