Press Information Bureau
Government of India
Ministry of Corporate Affairs
14-September-2017 13:36 IST
The Ministry of Corporate Affairs has approved a request of the Malaysian Association of Company Secretaries (MACS) for adoption of the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) as the benchmark in the development of Secretarial Standards of MACS.
The Secretarial Standards on Meetings of the Board of Directors and Secretarial Standard on General Meetings were approved by the Ministry of Corporate Affairs, Government of India under sub-section 10 of Section 118 of the Companies Act, 2013 and are in place with effect from 1st July, 2015.
It is a matter of prestige that Indian Standards are to be adopted/ bench marked by a foreign sister institution in the course of formulation of their own similar standards.