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CS Professional · Compliance Management, Audit and Due Diligence · Legal Framework Governing Company Secretaries

Mr Kapoor was awarded the Honorary Fellow Membership by the Council for significant contribution to the profession. Which statement is correct under the Act?

An Honorary Fellow has no voting rights in any election or meeting of the Institute and need not pay any fee. The Council confers it for a significant contribution to the profession and enters the name in the Register.

  1. AHe has voting rights but pays no fee
  2. BHe has no voting rights in elections or meetings of the Institute and is not required to pay any feeCorrect
  3. CHe must pay the entrance fee but has no voting rights
  4. DHe has voting rights and must pay the annual fee

Explanation

Section 4(5) lets the Council confer Honorary Fellow Membership and enter the name in the Register, but such person has no voting rights in any election or meetings and need not pay any fee to the Institute. Options with voting rights or fees contradict this.

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