Secretarial Standards
ICSI is the first professional body in the world to issue Secretarial Standards for integration, harmonization and standardization of corporate secretarial practices. This enhances corporate governance standards.
The Secretarial Standards Board formulates Secretarial Standards taking into consideration the applicable laws, business environment and the best secretarial practices prevalent. The secretarial standards aim at bringing more clarity in areas where the law is either silent or ambiguous.
The Institute of Company Secretaries of India has so far issued ten secretarial standards viz., SS-1 Secretarial Standard on Meetings of the Board of Directors, SS-2 Secretarial Standard on General Meetings, SS-3 Secretarial Standard on Dividend, SS-4 Secretarial Standard on Registers and Records, SS-5 Secretarial Standard on Minutes and SS-6 Secretarial Standard on Transmission of Shares and Debentures, SS-7 Secretarial Standards on Passing of Resolution by Circulation, SS-8 Secretarial Standard on Affixing Common Seal, SS-9 Secretarial Standard on Forfeiture of Shares, SS-10 Secretarial Standard on Board’s Report.
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