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

The Council wants to sign a memorandum with a professional body in another country to jointly conduct training. Under the Company Secretaries Act, 1980, what condition applies?

The Council may enter into a memorandum or arrangement with an agency of a foreign country for performing its functions under the Act only with the prior approval of the Central Government, as provided in section 15(2)(jc).

  1. AIt needs the prior approval of the Central GovernmentCorrect
  2. BIt needs no approval, as the Council is fully autonomous in this matter
  3. CIt needs the approval of the Board of Discipline
  4. DIt needs the approval of the Appellate Authority

Explanation

Section 15(2)(jc) lets the Council enter into a memorandum or arrangement with an agency of any foreign country for performing its functions under the Act, but only with the prior approval of the Central Government. The disciplinary bodies have no role in such arrangements.

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