Ss 1 Key Amendments Para No Changes As Per Revised Ss 1 Our Analysis

Ss 1 Key Amendments Para No Changes As Per Revised Ss 1 Our Analysis Considering the legal amendments on the subject, ss 1 and ss 2 have been revised further by the icsi to bring them in alignment with the provisions of the companies act, 2013 and rules made thereunder (“the act”). the icsi is pleased to announce that the approval of the central government for specification of the revised ss 1 and ss 2 under. Schedule of amendments to ss 1 sl. no. para no. existing text of ss 1 text of revised ss 1 rationale 2 certain restricted items. such restricted items of business include approval of the annual financial statement, board’s report, prospectus and matters relating to amalgamation, merger, demerger, acquisition and takeover. similarly,.

Major Amendment In Secretarial Standard 1 Revised Ss 1 (“ss 1”) (meeting of the board) and secretarial standard 2 (“ss 2”) (meeting of the shareholders). the revised standards have come into force from 1 october 2017. change in ss 1 some of the relevant changes to the ss 1 are as follows: the erstwhile ss 1 provided that ss 1 shall apply to board meetings of all the companies incorporated. Secretarial standard 1 (ss 1) meetings of the board: ss 1 provides guidelines for the convening and conduct of board meetings, ensuring transparency, accountability, and adherence to legal and regulatory requirements. it outlines procedures for issuing notices, maintaining quorum, recording minutes, and other crucial aspects of boardroom. The annual general meeting of an unlisted company may be held at any place in india if prior consent is given by members in writing or by e mode before the meeting. ss 2 allows the sending of financial statements and other documents required to be annexed to gm at shorter notice if the following conditions are met: annual general meeting for. On. torsthe following is the text of the secretarial standard 1 (ss 1) on “meetings of the board of directors”, issued by the council of the institute of company secretaries of india and approved by the central govern. ent.adherence by a company to this secretarial standard is mandatory, as per the provisions of the companies act,.