Role of In-house Counsels in Corporate sector in India has undergone a sea change in the last two decades. With the commencement of liberalization and globalization in early 1990s and with number of regulatory compliances increasing, role and scope of In-house Counsels in Corporate Sector has increased substantially. On the one hand they are valuable members of management teams, and on the other, they are also conscience keepers of their organizations, responsible for advising on compliance issues of regulations and statutes. This role has become increasingly sophisticated, although with liberalization, some restrictions have been removed while regulations have been made more stringent. The evolution of the regulatory framework has not yet stabilized in India. Against this backdrop, a group of In-house Counsels has decided to constitute a Special Forum to be known as the Indian Corporate Counsel Association(ICCA).
ICCA is a platform of all legal professionals from the various sectors and includes In-house Counsels / Corporate Law Officers and Law Officers of Private Sector and State / Central PSUs. The sectors represented in the forum include private and public sector organizations in industrial sectors like Steel, Energy, Minerals, Heavy Engineering & Manufacturing, Media & Broadcasting and also Banking & Financial Sectors, Real Estate & Infrastructure Development, International Financial Agencies, Service Providers, etc. Select Law Firms would also be invited to participate as Patron Members with no voting rights.Read more