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G. P. Madaan*
gpmadaan@ckfindia.org
sanjaygrover7@gmail.com
39
May 2015
Article
Secretarial Standards A Plethora of Opportunities For Company Secretaries
Compliance of Secretarial
Standards
Section 205(1) of the Companies Act, 2013 lays down the
functions of a COMPANY SECRETARY which inter alia include
ensuring compliance of the applicable Secretarial Standards by
a Company. Similarly, Form No. MR-3, pursuant to Section 204
(1) of the Companies Act, 2013 and Rule No. 9 of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules,
2014, which is the format of the Secretarial Audit Report, requires
the Secretarial Auditor to examine compliance by the company
with the applicable clauses of the Secretarial Standards issued
by the ICSI and certify compliance or non-compliance thereof.
Secretarial Standards on Board and General Meetings clarify
in detail the procedure for conducting and convening Board
Meetings, Committee Meetings and General Meetings. Some of
the provisions prescribed under the Act may lead to ambiguity
on certain aspects or there are diverse practices followed in
different companies. Boardroom governance has been the
40
May 2015
Article
Secretarial Standards A Plethora of Opportunities For Company Secretaries
As Board Advisor
As Strategic Manager
41
May 2015
Article
Secretarial Standards A Plethora of Opportunities For Company Secretaries
As Governance Professional
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May 2015
As Secretarial Auditor
As Compliance Officer
As Custodian
Article
Secretarial Standards A Plethora of Opportunities For Company Secretaries
Conclusion
The Standards have opened plenty of opportunities for the
company secretaries, whether in employment or in practice. As
SS-1 and SS-2 are mandatorily required to be adhered to by all
the companies, except OPCs, where there is only one director,
all the 13 lakh plus companies, incorporated in India, will now
have to follow uniform governance norms and practices and these
companies may be required to engage the services of company
secretaries for necessary compliances, maintenance of records
and registers and for proper conducting and convening of Meetings.
This will enhance the standards of governance in Indian corporate
sector and reduce unnecessary litigations, controversies and
malpractices to a greater extent, bringing about more transparency
and a healthier business environment from all persepectives. CS
REQUIRES CONSULTANTS
The ICSI requires Consultants, for a period of 6 to 12 months, subject to renewal, at its Lodi Road office
as per the following details :QUALIFICATION & EXPERIENCE : Members of the Institute possessing 1 to 3 years post qualification
experience in various aspects of Company Law.
COMPENSATION : The compensation offered shall be between Rs 25,000 to Rs. 40,000/- p.m
(Consolidated) on the basis of Qualification & Experience.
JOB CONTENTS : The consultants shall be responsible for preparation of Guidance Notes, Checklists,
Backgrounders, Publications and other Research Material on Companies Act, 2013 and other laws .
APPLICATION PROCEDURE : Interested persons fulfilling the above requirements may mail their biodata
to gaurav.mehta@icsi.edu latest by 25th May, 2015.
(P K Grover)
Joint Secretary (SG) HR
43
May 2015