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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Processes through Secretarial Standards

Under the Companies Act, 2013, the expression 'secretarial standards' for the purpose of the company secretary's functions means standards that are:

Secretarial standards are those issued by the Institute of Company Secretaries of India and approved by the Central Government. Both the issuing body and the approval are part of the definition, so standards issued by SEBI, the company or another institute do not qualify.

  1. AIssued by the Institute of Company Secretaries of India and approved by the Central GovernmentCorrect
  2. BIssued by SEBI and approved by the Institute of Company Secretaries of India
  3. CIssued by the Board of the company and approved by shareholders
  4. DIssued by the Institute of Chartered Accountants of India and approved by the National Company Law Tribunal

Explanation

The Explanation to section 205 defines secretarial standards as those issued by ICSI, constituted under section 3 of the Company Secretaries Act, 1980, and approved by the Central Government. Both elements, issue by ICSI and Central Government approval, are required. The other options name wrong bodies.

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