ICSI

ICSI releases Revised Secretarial Standards on Board-General of Directors (SS-1) and General Meetings (SS-2)

ICSI  releases Revised Secretarial Standards on Board-General  of Directors (SS-1) and General Meetings (SS-2)

ICSI Announcement

 Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2)
(Revised by the Institute of Company Secretaries of India (ICSI) and approved by the Central Government)              

Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were approved by the Central Government under Section 118(10) of the Companies Act, 2013 on 10th April, 2015 and were published in the Gazette of India Extraordinary Part III -Section 4 on 23rd April, 2015 vide ICSI Notification No. (1) SS of 2015, making them effective from 1st July, 2015.

SS-1 and SS-2 have now been revised by ICSI and the same have been approved by the Ministry of Corporate Affairs (MCA) vide its letter No. 1/3/2014-CL.I dated 14th June, 2017.

The revised SS-1 and SS-2 shall be applicable to all the companies (except the exempted class of companies) w.e.f. 1st October, 2017 and accordingly all Board Meetings (including meetings  of committees of Board) and General Meetings in respect of which Notices are issued on or after 1st October, 2017 need to comply with the revised SS-1 and SS-2. The existing SS-1 and SS-2 will be applicable to the Board Meetings and General Meetings held on or before 30th September, 2017. 

Need for Revision in the Secretarial Standards

Revisions in Secretarial Standards (SS-1 & SS-2) have been made considering the following:

  • Companies (Amendment) Act, 2015 and amendments to the Rules notified by MCA
  • Exemption Notification(s) issued by MCA dated 5th June 2015
  • Relaxations aimed to further ease of doing business
  • Feedback received from members on  practical difficulties that emerged during the  first time  implementation of Secretarial Standards
  • To remove the interpretation issues
  • Issues/suggestions received from different stakeholders

Download Revised Secretarial Standard on Meetings of Board of Directors (SS-1) 

Download Revised Secretarial Standard on General Meetings (SS-2) 

FAQ on Revised Secretarial Standard

Share

Recent Posts

  • Income Tax

AO is under an obligation to assign reasons for rejecting explanation of the assessee

AO is under an obligation to duly consider the explanation furnished by the assessee and assign reasons for rejecting the…

9 hours ago
  • Excise/Custom

CBIC issues SoP for clearance of imported goods through Foreign Post Offices

CBIC issues SoP for clearance of imported goods through Foreign Post Offices under Postal Import Regulations, 2025.  Standard Operating Procedure…

9 hours ago
  • civil-law

Sale deed executed with full knowledge of only part consideration paid, not void – SC

Sale deed executed with full knowledge of only part consideration paid, cannot be rendered void or inoperative merely for non…

17 hours ago
  • Income Tax

No fault in serving notice to last known address when PAN data was not updated – ITAT

No fault in serving notice u/s 148 to last known address when assessee had not updated change of address in…

19 hours ago
  • Income Tax

Investment by firm through capital introduced by partners cannot be treated as unexplained

Investment made by firm through capital introduced by partners cannot be treated as unexplained investment in the hands of the…

2 days ago
  • ICAI

Hosting of Multipurpose Empanelment Form (MEF) – 2026-27. Last date to apply : 29.08.2026

Multipurpose Empanelment Form (MEF)- 2026-27 is hosted - Last date for submission is 29.08.2026 ICAI has hosted the Multipurpose Empanelment…

2 days ago