ICSI inviting comments on revised Secretarial Standard SS1 and SS2. Comments on revised draft to be sent by 10th October 2019
On the recommendations of Companies Law Committee (CLC), the ICSI in 2015 had made changes in the Secretarial Standard on Meetings of the Board of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2).
The above Standards had been approved by the Central Government under Section 118(10) of the Companies Act, 2013. Thereafter, the revised SS-1 and SS-2 were made effective from 1st October, 2017.
According to a Public Notice issued by ICSI, subsequent to the approval of revised SS-1 & SS-2 as stated above, following further developments has taken place:
Companies (Amendment) Act, 2017 was notified on 3rd January, 2018
MCA’s Exemption Notifications dated 13th June, 2017
Amendment in Schedule IV to the Companies Act, 2013 (Notification dated 5th July, 2017)
Amendment to the Companies (Meetings of Board and its Powers) Rules, 2014. (Notification dated 13th July, 2017)
As per said notice, the Secretarial Standards Board (SSB) of ICSI, after considering the effects of the above amendments to the law, has finalised the proposed amendments in SS-1 and SS-2 during the third phase review and the same is approved by the Council.
The Revised draft of SS-1 and SS-2, incorporating the proposed amendments (in track mode) with the Rationale for such amendments, is placed at Annexure – I & Annexure- II respectively seeking public comments in the following format:
Suggestions/Comments on Revised drafts of Secretarial Standard on Meetings of the Board of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2)
|Existing Text of
|Suggestions/Comments||Rationale for the Suggestion|
The last date for public comments is 10th October, 2019.
The comments in the above format may be sent to the ICSI through e-mail at email@example.com or in hard copy to the following address:
Institute of Company Secretaries of India
ICSI House, 22,
Institutional Area, Lodhi Road,
New Delhi – 110003
- Rejection of counter claim by arbitrator at threshold without enquiry was not proper – Supreme Court
- MoU between India and Kuwait in the field of accounting, finance and audit knowledge base
- Independent directors to pass online proficiency self-assessment test. MCA Notifications on data bank
- Notice u/s 143(2) served by affixture at wrong address without independent witness of locality quashed
- Conditions to be complied upon resignation of statutory auditor of listed entity as per SEBI LODR Regulations
addition u/s 68 budget 2017-18 ca misconduct cash deposit in bank CBDT cbdt circular CBDT Instruction cbdt notification cbdt order cbdt press release CGST cgst notification cit revision 263 concealment penalty custom circular demonetisation due date extension e-way bill faq GST circular GST Clarification GST Council Meeting gst faq GSTR-3B GST rates gst refund IBBI icai income tax prosecution itat ITAT Delhi MCA notification order u/s 119 penalty 271(1)(c) penalty u/s 271(1)(c) Press Release reasons recorded reopening 148 Reopening us 147 sebi circular service tax notification transfer and postings unexplained cash credits validity of notice u/s 148 Withdrawal of 2000 500 Bank Notes----------- Similar Posts: -----------