As we as a whole realize that The Institute of Chartered Accountants of India (ICAI) has recorded out various bookkeeping standards and rules that ought to be trailed by the inspector society while reviewing the affiliations they are selected to review for. ICAI has likewise presented the Accounting Standards, most prominently called ‘AS’ that is added into the bookkeeping standards and guidelines. Moreover, The Institute of Company Secretaries of India (ICSI) has quite a while in the past presented some arrangement of standards and norms, which are added into the Companies Act, 1956, called as ‘Secretarial Standards’ and comprehensively named as ‘SS’.
ICSI has been the First expert body on the planet to start the way toward putting Secretarial Standards for combination, harmonization and normalization of corporate secretarial practices. Worldwide Federation of Company Secretaries (IFCS), shaped with the endeavors of ICSI, chose to frame an International Secretarial Standards Board that will figure global secretarial measures to spread great corporate administration field across public fringes Companies follow Diverse secretarial practices and, accordingly, there’s a need to fuse, orchestrate and normalize such practices so as to advance consistency and consistency.
Though adherence by Companies to those company secretarial services hk Standards will be recommendatory in character, with growing competition and rising need for good corporate governance practices, it is indeed a requirement of the hour to create them ‘Standards’ mandatory, to be followed in letter & spirit by companies, and we as Company Secretaries are the people that are supposed to shoulder this responsibility to our associations.
This Report aims to give you a sneak peek to the Secretarial Standards published till today by ICSI.
SS-1 Secretarial Standard on Meetings of the Board of Directors
The standard seeks to prescribe a set of principles for convening and conduct of Meetings of the Board of Directors and issues related thereto.
SS-2 Secretarial Standard on General Meetings
The standard seeks to prescribe a set of principles for convening and conduct of General Meetings and issues related thereto.
SS-3 Secretarial Standard on Dividend
The working visa hk standard seeks to prescribe a set of principles concerning declaration and payment of Dividend and matters incidental thereto or connected therewith.
SS-4 Secretarial Standard on Registers and Records
Statutory Registers & Records form a vital part in the official files of a business. A company must maintain certain registers and documents. Some Registers & Records are not statutorily required to be preserved; some are needed to be kept open for inspection by Directors, Members, etc. This Secretarial Standard attempts to prescribe a set of principles in terms of various registers and documents including the maintenance and review thereof.