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

The Council wishes to set up the Disciplinary Committee under section 21B. Which composition is correct?

The Committee has the President or Vice-President as Presiding Officer, two members elected from among Council members, and two Central Government nominees who are persons of eminence in law, economics, business, finance or accountancy. The Director (Discipline) is not a member.

  1. APresident or Vice-President as Presiding Officer, two Council members elected from among themselves, and two persons of eminence nominated by the Central GovernmentCorrect
  2. BDirector (Discipline) as Presiding Officer, with four Council members
  3. CPresident as Presiding Officer, with three members nominated by the Council and one by the Central Government
  4. DVice-President alone, assisted by two Central Government nominees

Explanation

Section 21B(1) provides for the President or Vice-President as Presiding Officer, two members elected from the Council, and two members nominated by the Central Government from persons of eminence in law, economics, business, finance or accountancy. The Director (Discipline) is an investigating officer, not a Committee member.

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