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

The Quality Review Board makes recommendations on the quality of services of members. Under the Company Secretaries Act, 1980, what is the Council's role regarding these recommendations?

The Council must consider the Quality Review Board's recommendations made under clause (a) of section 29B and give details of the action taken in its annual report, as required by section 15(2)(k).

  1. ATo consider them and report the action taken in its annual reportCorrect
  2. BTo reject them unless the Central Government approves
  3. CTo forward them to the Appellate Authority for decision
  4. DTo ignore them, as they bind only the Institute

Explanation

Section 15(2)(k) requires the Council to consider the recommendations of the Quality Review Board made under clause (a) of section 29B and to include details of action taken in its annual report. Section 15(2)(j) separately requires it to enable the Board to function.

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