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Under Section 205, what does the expression 'secretarial standards' mean?

For Section 205, secretarial standards means standards issued by the Institute of Company Secretaries of India, constituted under the Company Secretaries Act, 1980, and approved by the Central Government. Internal Board policies, Registrar guidance or SEBI norms are not covered by this definition.

  1. AStandards issued by the Institute of Company Secretaries of India and approved by the Central GovernmentCorrect
  2. BStandards issued by the Registrar of Companies for filings
  3. CStandards framed by the Board of the company in its own policies
  4. DStandards issued by the Securities and Exchange Board of India for listed companies

Explanation

The Explanation to Section 205 defines secretarial standards as 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 policies do not fall within this definition.

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