New secretarial standards for corporates

 

The new Secretarial Standards, recently specified by the Institute of Company Secretaries of India (ICSI), on board of directors meetings and general meetings of corporates, approved by the Ministry of Corporate Affairs, will be coming into effect from July 1, 2015, according to Atul H. Mehta, President, ICSI.

Atul H. Mehta, President, ICSI said these Secretarial Standards provide detailed procedures on issues such as agenda of the meeting, notice convening the meeting and maintenance of the minutes. “These are mandatory to listed and private companies,” he said. “Around eight lakh companies in India will have to comply with these Secretarial Standards to be fully compliant under Companies Act 2013,”