09 January 2011
ICSI has uploaded Secretarial Standards on Minutes of Meeting, Board Meeting etc on their website. I want to know whether they are mandatorily to be followed by companies which are already binded by companies act. If they are applicable, then any govt notification (gazette) through which they were enforceable on companies? Kindly let me know as soon as possible.
09 January 2011
In the initial years, the Secretarial Standards will be recommendatory. The Institute will request the Government and other appropriate authorities to enforce these Standards and will endeavour to educate the users about the utility and need for compliance with these Standards. The Standards would be made mandatory thereafter.
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