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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Processes through Secretarial Standards

Kaveri Textiles Ltd has a whole-time company secretary, Ms. Rao. A director asks what her statutory role is regarding secretarial standards. According to the Companies Act, 2013, her functions include:

The company secretary's function is to ensure that the company complies with the applicable secretarial standards. She does not issue or approve them, since ICSI issues them and the Central Government approves them, and the secretarial audit report is given by a practising company secretary.

  1. AEnsuring that the company complies with the applicable secretarial standardsCorrect
  2. BIssuing secretarial standards for the company's Board meetings
  3. CApproving secretarial standards on behalf of the Central Government
  4. DGiving the secretarial audit report as a company secretary in practice

Explanation

Section 205(1)(b) lists ensuring that the company complies with applicable secretarial standards among the company secretary's functions. Standards are issued by ICSI and approved by the Central Government, not by the company secretary. The secretarial audit under section 204 is given by a company secretary in practice.

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