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ICSI Announcement on Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2):

The Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were issued by the ICSI and which came into force w.e.f. 1st July, 2015. It was decided by the ICSI to withdraw the said standards w.e.f. 30th September, 2017 without affecting the enforceability of SS-1 and SS-2 during the period before such withdrawal. The Secretarial Standards have been revised by the ICSI and approval of the Central Government, as required, under section 118(10) of the Companies Act, 2013 has been obtained for the revised SS-l and SS-2 vide Ministry of Corporate Affairs letter No. 1/3/2014-CL.I dated 14th June, 2017. The revised SS-l and SS-2 shall be applicable for compliance by all the companies (except the exempted class of companies) w.e.f. 1st October, 2017 and will supersede the text of earlier SS-l and SS-2.”

The said announcement is available on following link:ICSI Announcement_on_Revised_Secretarial_Standards

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