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Company Law - BACKGROUND The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been amended after the recommendation of the Kotak Committee to include the following Regulation: 24A: Secretarial Audit Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake sec...
Read MoreCompany Law - Every Company, while carrying out its business activities, has to comply with the prescribed rules and regulations relating to the Companies Act, Securities laws, FEMA, Industry Specific laws and General and should also pursue the good governance practice Secretarial Audit covers non-financial aspects of the business having impact on the ...
Read MoreCompany Law - Every Listed Company and every material unlisted subsidiary (incorporated in India) of listed company has to submit Secretarial Audit Report in Form MR-3 in its Annual Report. Every Listed Company has to submit an Annual Compliance Report to the Stock Exchanges within 60 days of the end of the Financial Year....
Read MoreCompany Law - SEBI vide its circular CIR/CFD/CMD1/27/2019 dated February 08, 2019 has specified Format for annual secretarial audit report and annual secretarial compliance report for equity listed entities and their material subsidiaries....
Read MoreCompany Law - Board Meeting as per Companies Act, 2013 and Secretarial Standard issued by ICSI. The Board of Director of the Company is primarily an oversight Board. It oversees the management of the company to ensure that the interest of non-controlling shareholders is protected. 1. Frequency of Board Meeting: 1. First Board Meeting (BM) should be hel...
Read MoreCompany Law - The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. The Board’s Report provides the stakeholders with both financial and non-financial information, including the performance and prospects of the company, relevant changes in the management and capital structure...
Read MoreCompany Law - Ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS - (i) The ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS is 5 (five) reports individually/ per partner in each financial year w.e.f. April 1, 2020 and an additional limit of 5 (five) Secretarial Compliance Reports individually/ p...
Read MoreCompany Law - SECRETARIAL STANDARD ON DIVIDEND- The following is text of the Secretarial Standard-3 (SS-3) on Dividend, issued by Council of Institute of Company Secretaries of India. Adherence to this Secretarial Standard is recommendatory....
Read MoreCompany Law - Guidance Note on Secretarial Standard on General Meetings (SS-2) sets out the explanations, procedures and practical aspects in respect of the provisions contained in revised SS-2 (effective from 1st October, 2017) to facilitate compliance thereof by the stakeholders....
Read MoreCompany Law - Guidance Note on Secretarial Standard on Meetings of the Board of Directors (SS-1) sets out the explanations, procedures and practical aspects in respect of the provisions contained in revised SS-1 (effective from 1st October, 2017) to facilitate compliance thereof by the stakeholders....
Read MoreF. No. ICSI/6/2017 - (16/08/2017) - F. No. ICSI/6/2017.—The Notification ICSI No.1 (SS) of 2015 dated 23rd April, 2015, published in the Gazette of India, Part III, Section 4, with regard to (i) SS-1: Secretarial Standard on Meetings of the Board of Directors and (ii) SS-2: Secretarial Standard on General Meetings, stands withdrawn*...
Read MoreI/SSB/2015 - (26/06/2015) - These Secretarial Standards (SS-1 and SS-2) shall apply to Board Meetings and General Meetings, in respect of which Notices are issued on or after 1st July, 2015....
Read More1/3/2014-QL-I - (10/04/2015) - Approval of Central Government under sub-section (10) of section 118 of the Companies Act, 2013 is hereby accorded to the Secretarial Standards (SS) namely SS-1 on Meetings of the Board of Directors and SS-2 General Meetings....
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