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CS Professional · Compliance Management, Audit and Due Diligence · Values, Ethics and Professional Conduct

The Council is preparing its annual report after the Quality Review Board made recommendations under clause (a) of section 29B. Which obligation does section 15 of the Company Secretaries Act, 1980 place on the Council in this regard?

The Council must consider the Quality Review Board's recommendations and report the action taken in its annual report. Section 15(2)(k) imposes this duty; it does not compel automatic implementation of every recommendation or require prior Central Government approval.

  1. ATo implement every recommendation without modification
  2. BTo consider the recommendations and give details of action taken thereon in its annual reportCorrect
  3. CTo forward the recommendations to the Central Government for approval before acting
  4. DTo refer the recommendations to the Disciplinary Committee for a decision

Explanation

Section 15(2)(k) requires consideration of the Quality Review Board's recommendations under section 29B(a) and details of action taken in the annual report. It does not require mandatory implementation of everything, nor Central Government approval.

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