What are the secretarial standards?
Secretarial Standards are formulated by the Secretarial Standards Board (SSB) which was constituted by the ICSI in the year 2000 prescribing a set of principles for convening and conducting the meeting of the Board of Directors (including committee meetings) and related matters.
Which secretarial standards are mandatory?
As you are aware, Section 118(10) of the Companies Act, 2013 provides for mandatory observance of SS-1 and SS-2 by all companies.
Is it mandatory for CS to attend AGM?
No. As per Section 96 of the Companies Act, 2013 and Para 1.2. 4 of SS-1, AGM is required to be held either at the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situated.
Can a company secretary call a general meeting?
A Director, Company Secretary, Manager or any other officer of the company shall not have the power to convene a General Meeting on his own. In order to be a valid Meeting, the Notice of the Meeting should be given by a person duly authorised by the Board.
Is ss 4 Mandatory?
EFFECTIVE DATE – Secretarial Standard 4 on Report of Board Of Directors shall come into effect from 1st October, 2018. The Companies Act, 2013, requires the Board of Directors of every company to attach its report to the financial statements to be laid before the members at the annual general meeting.
How do I become exempt from an AGM auditor?
The company may exempt the auditor from attending the general meeting. Such exemption shall be communicated in writing to the auditor. An Auditor has the right to be heard at a general meeting on any part of the business which concerns him as the auditor.
How many members are necessary for special meeting?
In the case of a private company regardless of the number of members, two members must be present for the quorum to be met for a meeting.
Who has the power to call a general meeting?
The board of directors
The board of directors has the power to call general meetings and the majority of general meetings will be called by the directors (S302 of the Companies Act 2006). The members also have the ability to demand a general meeting.
How is a general meeting called?
Formerly known as an extraordinary general meeting. A general meeting can be either a non-routine meeting of a company called for a specific purpose or an annual general meeting. A general meeting may be called by the directors of the company or requisitioned by a certain number of the members.
What are SSB proteins?
Single-strand DNA-binding protein (SSB) is a protein found in Escherichia coli (E. coli) bacteria, that binds to single-stranded regions of deoxyribonucleic acid (DNA). Single-stranded DNA is produced during all aspects of DNA metabolism: replication, recombination, and repair.
What is the secretarial standard on general meeting SS-2?
Secretarial Standard On General Meeting (SS-2) SS No. Particulars Provision 1 Definitions SS2 provides definitions to few of the t 2 Authority A general meeting shall be convened by o 3 Notice Notice 4 Frequency of Meetings Frequency of Meetings
Which is the secretarial standard on board of directors?
The following is the text of the Secretarial Standard-1 (SS-1) on “Meetings of theBoard of Directors”, issued by the Council of the Institute of Company Secretariesof India and approved by the Central Government. Adherence by a company to this Secretarial Standard is mandatory, as per theprovisions of the Companies Act, 2013.
What is the SS-1 meeting of the Board of directors?
2 SS-1 – SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS. 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.
Where does annual general meeting have to be held?
Impact of exemption notification of Government Companies Section 96(2) mandates that Annual General Meeting shall be held either at the Registered Office of the Company or some other place within the city, town or village in which the registered office of the company is situated.