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REGULATORY POLICY EXTRA ORDINARY

The following draft of certain regulations, further to amend the Company Secretaries Regulations,

Date: 27th July 2023
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Institute of Company Secretaries of India on 27th July 2023. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअID.-E2x7x0x 72023-247645 CG-DL-E-27072023-247645 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 525] नई दिल्ली, बुधवार, िुलाई 26, 2023/श्रावण 4, 1945 No. 525] NEW DELHI, WEDNESDAY, JULY 26, 2023/SHRAVANA 4, 1945 (कंपनी सजिव अजधजनयम 1980 के तहत गठित) ubZ...

PolicyIndex Takeaway
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  • ✓ The gazette notification outlines proposed amendments to the Company Secretaries Regulations, 1982. These amendments cover various aspects of the profession, including member registration, certificate of practice, disciplinary procedures, and firm registration.
  • ✓ The proposed changes aim to update and streamline the regulatory framework for Company Secretaries in India, ensuring greater transparency and accountability.
  • ✓ Register of Members: Members must inform the Institute of any changes to their registered details within 30 days.
  • ✓ Certificate of Practice: A member can apply for a Certificate of Practice after successfully completing an orientation program. The Institute may refuse to grant a certificate if the application details are incomplete or incorrect. Members must inform the Council within one month of ceasing practice.
  • ✓ Disciplinary Matters: The Council will prepare a panel of individuals for nomination to the Board of Discipline and Disciplinary Committee, adhering to specific eligibility criteria. A Search-cum-Selection Committee will be formed to invite applications and prepare a panel for the Council's consideration. The panel provided to the Central Government should include at least five names for each vacancy. Members nominated to the BoD/DC are ineligible to contest elections for 4 years after ceasing to be a member. The Presiding Officer and members of the Board of Discipline and Disciplinary Committee shall hold office for a term of two years and shall be eligible for consideration for one more term of two years.

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