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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Governance Influencers

Veda Textiles Ltd, a listed company, wants to understand which body issues the Secretarial Standards that its board must follow for conducting board and general meetings. Its secretary advises that these standards are issued by which body?

The Secretarial Standards on board and general meetings are issued by the Institute of Company Secretaries of India. They are given statutory backing through the Companies Act, 2013. SEBI, MCA and ICAI perform other roles, such as listing regulation, administration of the Act and accounting or auditing standards.

  1. ASecurities and Exchange Board of India
  2. BInstitute of Company Secretaries of IndiaCorrect
  3. CMinistry of Corporate Affairs
  4. DInstitute of Chartered Accountants of India

Explanation

Secretarial Standards on meetings and related matters are issued by the ICSI, and the Central Government gives them recognition under the Companies Act, 2013. SEBI issues the Listing Regulations, the MCA administers the Act, and ICAI issues accounting and auditing standards, so none of the others is the issuing body.

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