CMA Intermediate · Corporate Accounting and Auditing · Secretarial Audit
For the purpose of Section 205 of the Companies Act, 2013, 'secretarial standards' means standards issued by:
Under the Explanation to Section 205, secretarial standards are those issued by the Institute of Company Secretaries of India and approved by the Central Government. Standards from other bodies, or without Central Government approval, do not fit the statutory definition.
- Athe Institute of Company Secretaries of India and approved by the Central GovernmentCorrect
- Bthe Institute of Chartered Accountants of India and approved by SEBI
- Cthe Ministry of Corporate Affairs without any approval
- Dthe National Financial Reporting Authority and approved by the Board of Directors
Explanation
The Explanation to Section 205 defines secretarial standards as those issued by the Institute of Company Secretaries of India and approved by the Central Government. The other bodies named are not the issuing authority under this definition.
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