<h1>Companies Bill 2012: Clause 203 requires specific companies to appoint a full-time Company Secretary as Key Managerial Personnel.</h1> The Companies Bill, 2012, passed by the Lok Sabha, includes Clause 203, which mandates that certain classes of companies must appoint a Company Secretary as a whole-time Key Managerial Personnel (KMP). The Minister of Corporate Affairs informed that the Institute of Company Secretaries of India (ICSI) currently has 28,719 members, with 48,697 individuals enrolled in the professional program as of March 31, 2013. This pool of professionals is expected to satisfy the present and future needs of the corporate sector.