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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Empowerment of the Company Secretary Profession

Under Section 205, the Explanation defines 'secretarial standards'. Which of the following correctly matches that definition?

Secretarial standards under Section 205 are standards issued by the Institute of Company Secretaries of India and approved by the Central Government. Standards of other bodies or purely internal company policies do not fall within the statutory definition given in the Explanation.

  1. AStandards issued by ICSI and approved by the Central GovernmentCorrect
  2. BStandards issued by the Ministry of Corporate Affairs alone, without ICSI involvement
  3. CStandards issued by the Institute of Chartered Accountants of India and approved by SEBI
  4. DInternal standards adopted by a company's board in its own policies

Explanation

The Explanation to Section 205 says secretarial standards means those issued by the Institute of Company Secretaries of India, constituted under Section 3 of the Company Secretaries Act, 1980, and approved by the Central Government. Standards from other bodies or internal board policies do not qualify.

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