Secretarial Standard 1

SS - 1 SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS Issued by The Institute of Company Secretaries of India and approved by the Central Government under Section 118(10) of the Companies Act, 2013 (Revised version effective from October 1st, 2017) First version : April 2015 (effective from 1st July, 2015) Guidance Note on Meetings of the Board of Directors (amended upto 31.12.2020) Clarification/Guidance on applicability of Secretarial Standards on Meetings of the Board of Directors (SS-1) Comparative Analysis of Amendments in SS-1. Revised Secretarial Standard on General Meetings (SS-2) Guidance Note on General Meetings (amended upto 31.12.2020)

सेक्रेटरियल स्टैंडर्ड 1 के अनुसार BOARD MEETING (बोर्ड मीटिंग) क्या होता है? इसका प्रोसैस क्या

The Secretarial Standard on Meetings of the Board of Directors (SS-1) issued by the Institute of Company Secretaries of India (ICSI) under Section 118(10) of the Companies Act, 2013 has been effective since 1stJuly, 2015. Later on the SS-1 was revised by the ICSI, approved by the Central Government and made applicable w.e.f. 1stOctober, 2017. Secretarial Standards-1 act as guide to conduct the Board Meeting as per the provisions of Company Act, 2013. Here in this article, Author have tried to simplify the provisions of Secretarial Standard-1 to the extent possible. Applicability: Applicable to all Companies except OPC and Section 8 Companies. Convening a meeting: Secretarial Standard-1 was notified by the ICSI on 1st July, 2015. In 2017, the ICSI has issued revised SS-1 which has been approved by the Central Government u/s 118(10) of the Companies Act, 2013 and is mandatory in nature. The "Secretarial Standard on Meetings of the Board of Directors" (SS-1), formulated by the Secretarial Standards Board of the Institute of Company Secretaries of India (ICSI) and issued by the Council of the ICSI, has been approved by the Central Government.

Secretarial Standard

DEFINITIONS SECRETARIAL STANDARDS Convening a meeting 1.1 Authority 1.2 Notice Frequency of Meetings 2.1 Meetings of the Board 2.2 Meetings of Committees Quorum 3.1 Meetings of the Board 3.2 Meetings of Committees Attendance at Meetings Chairman 5.1 Meetings of the Board 5.2 Meetings of Committees The Secretarial Standard on Meetings of the Board of Directors (SS-1) issued by the Institute of Company Secretaries of India (ICSI) under Section 118(10) of the Companies Act, 2013 has been effective since 1st July, 2015. Later on the SS-1 was revised by the ICS1, approved by the Central Government Secretarial Standard-1 on Board Meeting is applicable to the Meetings of Board of Directors of all companies registered under the Act except: OPC or One Person Company in which there is only 1 Director on its Board;s Company licensed under Section 8 of Companies Act, 2013/Corresponding provisions of any previous enactment thereof. SECRETARIAL STANDARD-1 MEETING ON BOARD OF DIRECTORS. - Mrunal G.Zodge INTRODUCTION This Standard prescribes a set of principles for convening and conducting meetings of the Board of Directors and matters related thereto. SCOPE Applicability All Companies incorporated under the Companies Act, 2013 Committee Meetings Non-Applicability

Secretarial Standard as per Revised SS1 CA Affinity

06 Sep, 2022. The Secretarial Standard-1 (SS-1) on Meetings of the Board of Directors, has been revised which is issued by the Council of the Institute of Company Secretaries of India and approved by the Central Government shall be effective from 1 st October 2017. Applicability of the SS-1 Standards. Amendment in SS-1 Meetings of the Board of. SS-1 - SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS 2 This Standard is in conformity with the provisions of the Act. However, if, due to subsequent changes in the Act, a particular Standard or any part thereof becomes inconsistent with the Act, the provisions of the Act shall prevail. To read more, Kindly click on the below link: SECRETARIAL STANDARD - 1 (SS - 1)- MEETINGS OF THE BOARD OF DIRECTORS - AN INSIGHT INTRODUCTION: Secretarial Standard 1is issued by the Institute of Company Secretaries of India (ICSI) pursuant to Section 118 (10) of the Companies Act, 2013 (Act). SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS SS -1 This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under Section 8 of the Companies Act, 2013 or corresponding provisions of any previous enactment thereof.

Secretarial Standard 1

Secretarial Standards (SS)-1 serve as a foundational framework that companies must follow when organizing and conducting board meetings. These standards play a pivotal role in promoting good governance practices, enhancing board efficiency, and fostering confidence among investors, shareholders, and other stakeholders. The Act, having recognized Secretarial Standards, initially prescribed two Standards, namely the Standard on Board Meetings (SS-1) and the Standard on General Meetings (SS-2) (SS-2). The Act requires that every corporation follow both secretarial requirements, and any noncompliance will result in penalties. To be completely compliant with the.