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

Which meaning of 'secretarial standards' applies for the purpose of Section 205 of the Companies Act, 2013?

Under Section 205, secretarial standards means standards issued by the Institute of Company Secretaries of India and approved by the Central Government. Standards from SEBI, ICAI or the company's own Board do not qualify under this definition.

  1. AStandards issued by the Institute of Company Secretaries of India and approved by the Central GovernmentCorrect
  2. BStandards issued by SEBI for listed companies only
  3. CStandards framed by the Board of the company itself
  4. DStandards issued by the ICAI and notified by the Ministry of Corporate Affairs

Explanation

The Explanation to Section 205 defines secretarial standards as those issued by the ICSI, constituted under section 3 of the Company Secretaries Act, 1980, and approved by the Central Government. SEBI, ICAI or company-made standards do not fit this definition.

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