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
- Common business premise not enough to label loan creditor as accommodation entry provider
- CBDT amends IT Rules 114F 114G and 114H related to reporting financial institutions
- Not making available material forming basis of reopening shows AO had prejudged the issue
- Reopening conclusion that assessee was “Non-Filer” was non-application of mind – High Court
- HC declined to allow voluminous documents physically in Faceless Assessment
