ICSI inviting comments on revised draft Secretarial Standard SS1 and SS2

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)

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 ssb@icsi.edu or in hard copy to the following address:

Institute of Company Secretaries of India
(Secretariat-SSB)
ICSI House, 22,
Institutional Area, Lodhi Road,
New Delhi – 110003

• RBI specifies ‘Related Party’ with respect to banks
• Advisory on Filing Opt-In Declaration for Specified Premises, 2025
• FAQs for HSNS Cess Act, 2025 and HSNS Cess Rules, 2026
• Refusing to condone delay can result in a meritorious matter thrown out at threshold
• Prior period income cannot be considered as income of the current year

addition u/s 68 addition u/s 69A ca misconduct cash deposit in bank cbdt circular CBDT Instruction cbdt notification cbdt order cbdt press release cgst circular cgst notification cit revision 263 concealment penalty condonation of delay covid-19 custom circular demonetisation due date extension e-way bill faq GST circular GST Council Meeting gst faq gstn advisory GSTR-3B GST rates IBBI ibc income tax prosecution itat ITAT Delhi mca circular 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 Search & Seizure sebi circular unexplained cash credits validity of notice u/s 148 Withdrawal of 2000 500 Bank Notes