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

The Director (Discipline) of ICSI receives a complaint with the prescribed fee against CS Meera Iyer and forms the opinion that she is guilty of misconduct mentioned only in the First Schedule. Before whom must he place the matter?

The matter goes to the Board of Discipline. Section 21(3) of the Company Secretaries Act, 1980 requires First Schedule misconduct to be placed before the Board of Discipline, while Second Schedule misconduct or misconduct under both Schedules goes to the Disciplinary Committee.

  1. AThe Disciplinary Committee
  2. BThe Board of DisciplineCorrect
  3. CThe Appellate Authority
  4. DThe Central Government

Explanation

Under section 21(3), where the Director (Discipline) finds misconduct mentioned in the First Schedule, he places the matter before the Board of Discipline. Misconduct in the Second Schedule, or in both Schedules, goes to the Disciplinary Committee, which makes that option wrong here.

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