CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Empowerment of the Company Secretary Profession
Nova Learning Academy, a private training body in Pune, begins issuing a 'Diploma in Company Secretaryship' with a designation indicating competence similar to that of an ICSI member. Which provision of the Company Secretaries Act, 1980 does this conduct contravene?
The academy contravenes Section 25(1)(b) of the Company Secretaries Act, 1980, which prohibits awarding any degree, diploma or certificate, or bestowing any designation, indicating competence in Company Secretaryship similar to that of an ICSI member. Section 24 deals with false claims of membership or practice instead.
- ASection 25(1)(b), which bars awarding a degree, diploma or certificate or bestowing a designation indicating similar attainment in Company SecretaryshipCorrect
- BSection 24, which bars a member without a certificate of practice from practising
- CSection 25(1)(c), which bars regulating the profession of Company Secretaries
- DSection 204 of the Companies Act, 2013, on secretarial audit
Explanation
Section 25(1)(b) prohibits awarding any degree, diploma or certificate, or bestowing any designation, that indicates or purports to indicate attainment or competence in Company Secretaryship similar to that of an ICSI member. Section 24 concerns persons falsely claiming membership or practice, which is not what the academy is doing.
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