Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were made applicable from 1st July, 2015 and revised version thereof were made applicable from 1st October, 2017 (“Existing version”).
However, considering the legal amendments on the subject, SS-1 and SS-2 were subsequently revised further by the ICSI to bring them in alignment with the provisions of the Companies Act, 2013 and Rules made thereunder.
The ICSI has announced that the approval of the Central Government for specification of the Revised SS-1 and Revised SS-2 under Section 118(10) of the Act was accorded vide Ministry of Corporate Affairs (MCA) letter dated 2nd January, 2024.
Accordingly, the Revised SS-1 and SS-2 shall be effective from 1st April, 2024
The Revised SS-1 and SS-2 are available on the ICSI website at the link https://www.icsi.edu/ssb/home
- AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT
- Shareholders can’t be taxed for income from properties owned by the company – HC
- Jurisdictional error in reassessment approval can’t be shielded by the law of limitation
- ITAT ought to remanded whole matter of bogus purchases instead of profit determination
- Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A
