Indian Corporate Law Service (ICLS): Functions, Training, Hierarchy & Salary

Indian Corporate Law Service

The Indian Corporate Law Service (ICLS) is one of the Group ‘A’ services that you can get into if you clear the UPSC civil services exam. Entry to this service through the UPSC CSE commenced only in 2009. The chief responsibility of this service is the implementation of Companies Act, 1956, Companies Act, 2013 and The Limited Liability Partnership Act, 2008. This article talks about the Indian Corporate Law Service (ICLS), functions, training, hierarchy and salary.

History of ICLS

The ICLS was established in 1967 for the effective implementation and administration of the Companies Act. Originally, the service was named Company Law Service. In 2002, it was renamed as Indian Company Law Service. It was again renamed as Indian Corporate Law Service in 2008 when its recruitment was brought under the ambit of the UPSC CSE. Thus the first batch of officers recruited into the ICLS through the civil services exam was in 2009. Until 2004, the service functioned under the Ministry of Finance. Since then it has functioned under the Ministry of Corporate Affairs.

Functions of ICLS officers

  • To administer the Companies Act, the LLP Act and a few other related acts.
  • As Registrar of Companies (RoC), the officers register the companies and partnerships floated. It is their duty to ensure that all the companies are filing their annual returns and balance sheets, and all other documents. The RoC can also carry out investigation and initiate prosecution against criminal and civil offences in this regard.
  • As Official Liquidators (OLs), the officers are responsible for liquidating the companies as ordered by the courts. They are responsible for taking control of the companies’ assets, recover debts, sell the company assets via public auction, settle creditors’ claims, etc.
  • As Regional Directors (RD), the officers are the heads of the Regional Directorates. The RD is the senior most ICLS officer in a region, there being seven Regional Directorates in India. The RDs supervise the work of the RoCs and the OLs.

Training for ICLS officers

The training of the ICLS officers take place at the ICLS Academy located in the Indian Institute of Corporate Affairs, Manesar, Haryana for a period of ten months. This induction training familiarises the Probationary Officers (POs) with the provisions of the Companies Act, Limited Liability Partnership Act, and other allied acts. It also teaches them about book keeping and accounts, Indian Penal Codes, concepts in Economics, Law and Management.

ICLS Hierarchy and Salary

Grade

Designations

Pay Scale

Junior Time Scale

1. Registrar of Companies

2. Official Liquidator

3. Registrar of Companies cum Official Liquidator

4. Assistant Registrar of Companies

5. Assistant Official Liquidator

6. Assistant Director

7. Bench Officer – Company Law Board

15600 – 39100 + Grade Pay 5400

Senior Time Scale

1. Registrar of Companies

2. Official Liquidator

3. Deputy Registrar of Companies

4. Deputy Official Liquidator

5. Deputy Director

15600 – 39100 + Grade Pay 6600

Junior Administrative Grade               

1. Registrar of Companies

2. Official Liquidator

3. Joint Director

4. Secretary, Company Law Board

15600 – 39100 + Grade Pay 7600

Senior Administrative Grade               

1. Regional Director

2. Director of Inspection and Investigation

3. Director

37400 – 67000 + Grade Pay 10000

Higher Administrative Grade               

Director General of Corporate Affairs (DGCA)

67000 – 79000

Also Read | All You Need to Know about the Indian Audit and Accounts Service (IAAS)

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