Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: VAT RATES :: empanelment :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Corporate Law »
 Government firm on tax law changes, relents on tribunal postings
 Income Tax relief on money in single parent’s account may lead to tax evasion: Law panel
 Law panel against income tax relief for single parents
 Maintenance of Accounts and other record in GST Law
 Parliament Votes to Extend Value Added Tax Law
 Taxation Laws (Second Amendment) Act, 2016 ​​​​​​​​​​​​​​​​​​​​​​​​​​​​
 Glimpse of Invoices Revised Model GST Law
 Registration , Amendment and Cancellation under Revised GST Law
 GST council meeting: Law Ministry says only Centre can control traders
 Meaning and Scope of β€˜Supply’ – Comparative view under Revised Model GST Law vis-Γ -vis Earlier Model GST Law
 Tax Tribunal issues order against a law firm for forum shopping

ICSI to come up with three more secretarial standards
May, 28th 2008

After the Institute of Chartered Accountants of India (ICAI) came up with AS 30, AS 31 and AS 32 accounting standards, the Institute of Company Secretaries of India (ICSI) has also decided to come up with three more secretarial standards that would be discussed in the council meeting on June 6 & 7 in Pune. Till date, ICSI has issued six secretarial standards.

Being pioneers in inculcating culture of good governance in corporate India, we have taken a major initiative in formulating and issuing secretarial standards, which are the first of its kind any where in the world, says NK Jain, secretary and CEO, ICSI.

The secretarial standards seek to integrate, harmonise and standardise the diverse secretarial practices prevalent in the corporate sector.

The secretarial standards aim at bringing more clarity and recommend good governance practices in areas where the law is silent. These do not overstep or modify the law in any way. The standards also interpret it correctly for stakeholders reference, emphasised Jain.

He further said the secretarial standards, if made mandatory, would be able to make transparency, accountability and good corporate governance.

According to the first standard, secretarial standard on meetings of the board of directors (SS-1) provides that Companies must convene their board meetings by giving notice to directors in this regard.

However, no minimum period for giving such notice has been laid down and, Companies are at liberty to give any or no length of notice for convening a board meeting. Further, there is no requirement for sending agenda for the meeting. While some Companies send the agenda in advance of the meeting, others place the agenda at the meeting itself.

The secretarial standard on board meetings prescribes a minimum period of 15 days for notice and seven days for agenda to be given before the date of the meetin. This ensures that board members have adequate time to study the papers and come fully prepared.

Companies having the objective of adopting sound governance principles are voluntarily adopting secretarial standards and are reporting their compliance in their annual reports viz Tata Metaliks, Kotak Mahindra Finance, Reliance Energy, HDFC, Ashok Leyland.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions