Okay, I understand the task. Here's a policy analysis report based on the provided text, structured as an amendment to existing regulations, focusing *only* on the information contained within the document:
**Policy Analysis Report: Amendment to the Company Secretaries Regulations, 1982**
**1. Executive Summary:**
This report analyzes proposed amendments to the Company Secretaries Regulations, 1982, as published in the Gazette of India on April 12, 2022. The core purpose of these amendments is to update and refine the operational procedures and structures governing the Institute of Company Secretaries of India (ICSI). Key changes include modifications to regulations concerning Council meetings, communication methods, quorum requirements, board constitution (specifically regarding Secretarial Standards, Auditing Standards, and Academic Boards), and the election process for Regional Council officers. These changes aim to improve efficiency, adapt to modern communication practices (electronic modes), clarify roles and responsibilities, and enhance the ICSI's academic oversight.
**2. Introduction:**
The purpose of this report is to provide an informative overview of the proposed amendments to the Company Secretaries Regulations, 1982, based solely on the text published in the Gazette of India on April 12, 2022. This analysis focuses on understanding the scope, rationale, and potential impact of these changes.
**3. Policy Overview:**
* This document proposes amendments to the existing Company Secretaries Regulations, 1982.
* **Core Objective(s) (Inferred from Text):** The core objectives of these amendments, as inferred from the text, are to:
* Modernize the operational framework of the ICSI.
* Improve governance and decision-making processes within the ICSI.
* Strengthen the ICSI's academic oversight and standards.
* Adapt to technological advancements in communication and meeting practices.
**4. Background and Rationale:**
The rationale for these amendments appears to stem from a need to update the existing regulations to reflect current best practices in governance, communication, and academic oversight. The specific amendments suggest a desire to:
* **Increase Flexibility:** The inclusion of electronic modes for meetings suggests a need for greater flexibility in scheduling and attendance.
* **Clarify Roles and Responsibilities:** Changes to board compositions and officer election procedures point to a clarification of responsibilities within the ICSI.
* **Enhance Academic Standards:** The detailed modifications regarding the Academic Board indicate a push for strengthened academic rigor and relevance.
**5. Key Provisions / Changes:**
The document details several key changes to the Company Secretaries Regulations, 1982:
* **Regulation 88 (Meetings of the Council):** Amended to specify a minimum of four meetings per calendar year with a maximum interval of 120 days. Explicitly includes "electronic mode" as an acceptable format for meetings. **Effect:** Provides clarity on meeting frequency and embraces remote participation.
* **Regulation 90 (Communication):** Amended to include email addresses (from the Institute's records) as a valid form of communication. **Effect:** Modernizes communication methods.
* **Regulation 92:** Substitutes the word "member" in place of "number," indicating a minor correction of terminology.
* **Regulation 93 (Quorum):** Modified to detail the procedure for adjourned meetings if a quorum is not present, including provisions for national holidays. If there is no quorum at the adjourned Meeting, the Meeting shall stand cancelled. **Effect:** Provides a clear protocol for handling quorum issues, potentially improving meeting efficiency.
* **Regulation 96 (Meeting Minutes):** Adds a clause giving the Chairman absolute discretion to exclude defamatory statements from meeting minutes, along with ensuring accurate recording of meeting proceedings. **Effect:** Improves the management and integrity of meeting records.
* **Regulation 105A (Constitution of Boards):** Substitutes the entire regulation, detailing the constitution and function of the Secretarial Standards Board and the Auditing Standards Board, including membership criteria, conflict of interest disclosures, and operational guidelines. **Effect:** Formalizes the structure and operation of these key boards, enhancing their effectiveness and accountability.
* **Regulation 105B (Academic Board):** Substantially revised to define the composition, responsibilities, and operational procedures of the Academic Board. This includes specifying membership criteria, terms of office, meeting frequency, quorum requirements, and assigned tasks (syllabus design, training evaluation, examination system design, etc.). The Council retains the right to review decisions and requires a written explanation for rejecting recommendations. **Effect:** Significantly strengthens the Academic Board's role in shaping educational standards and provides a framework for its operations.
* **Regulation 107 (Regional Council Meetings):** Amended to include "electronic mode" as an option for the venue of meeting. **Effect:** Modernizes communication methods.
* **Regulation 119 (Regional Council Officers):** Revised to clarify the election process for Regional Council officers (Chairman, Vice-Chairman, Secretary, and Treasurer), including term lengths and eligibility for re-election. **Effect:** Provides greater clarity on the election and tenure of Regional Council leaders.
**6. Target Audience and Stakeholders:**
Based on the text, the primary target audience and stakeholders affected by these amendments include:
* Members of the Institute of Company Secretaries of India (ICSI).
* The Council of the ICSI.
* Members of the Secretarial Standards Board and the Auditing Standards Board.
* Members of the Academic Board.
* Regional Council members and officers.
* Students pursuing Company Secretary certifications.
* The Ministry of Corporate Affairs (Government of India).
* Universities and educational institutions partnered with the ICSI.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Council of the ICSI is primarily responsible for implementing these amendments. The Secretarial Standards Board, Auditing Standards Board, and the Academic Board also have specific roles in implementation related to their respective areas.
* **Timelines/Procedures:** The amendments will come into force on the date of their final publication in the Gazette of India. The document outlines specific procedures for meetings, quorum, elections, and board operations. A 30-day period is provided for public feedback.
* The Council shall record the reasons in writing where it does not accept any recommendation of the Academic Board and shall disclose the same in the Annual Report of the Institute.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these amendments are:
* **Improved Governance:** Clearer procedures for meetings, elections, and board operations should lead to more effective governance within the ICSI.
* **Enhanced Academic Standards:** A strengthened Academic Board should result in higher-quality educational programs and examinations for Company Secretary certifications.
* **Greater Flexibility and Efficiency:** The adoption of electronic meeting options and modern communication methods should increase flexibility and efficiency in ICSI operations.
* **Increased Accountability:** Clearer roles, conflict of interest rules, and documentation of proceedings should enhance accountability within the ICSI.
**9. Conclusion:**
The proposed amendments to the Company Secretaries Regulations, 1982, represent a significant effort to modernize and refine the operational and academic framework of the ICSI. The changes address a range of issues, from meeting procedures and communication methods to board governance and educational standards. These amendments are likely to have a positive impact on the ICSI, leading to improved governance, enhanced academic quality, and greater efficiency. The changes demonstrate a commitment to adapting to modern practices and strengthening the ICSI's role in regulating and promoting the profession of Company Secretaries in India.
Key Entities Referenced
Company Secretaries Regulations, 1982: Principal regulations being amended by this notification.
Council of the Institute of Company Secretaries of India: The governing body of the Institute of Company Secretaries of India, proposing the amendments.
Company Secretaries Act, 1980: The Act under which the Institute of Company Secretaries of India is constituted and which provides the power to make regulations.
Central Government: The prior approval of the Central Government is required for making the regulations.
Institute of Company Secretaries of India: An organization related to Company Secretaries.
ICSI House, 22, Institutional Area, Lodi Road, New Delhi 110003: Address of the Institute of Company Secretaries of India, where objections or suggestions regarding the draft regulations can be addressed.
Company Secretaries Amendment Regulations, 2022: The name of the amendment regulations.
Gazette of India: Official publication where the regulations will be published.
Secretarial Standards Board: A board that the Council may constitute for carrying out assigned functions.
Auditing Standards Board: A board that the Council may constitute for carrying out assigned functions.
Academic Board: A board to be constituted by the Council, responsible for planning and implementation of all academic activities related to students.
Ministry of Corporate Affairs: A representative of the Ministry of Corporate Affairs not below the rank of a Joint Secretary to the Government of India is to be a member of the Academic Board.
Chambers of Commerce and Industry: An organization that nominates a person to be a member of the Academic Board
Training and Educational Facilities Committee: Chairman of Training and Educational Facilities Committee exofficio member of Academic board
ICSI Vision Group: Chairman of the ICSI Vision Group, if any, exofficio member of Academic board
University Grant Commission: A nominee of University Grant Commission not below the rank of a Joint Secretary to the Government of India to be member of Academic board
All India Council for Technical Education: A nominee of All India Council for Technical Education not below the rank of a Joint Secretary to the Government of India to be member of Academic board
Regional Council: Every Regional Council shall elect from amongst its members a Chairman, a ViceChairman, a Secretary and a Treasurer
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-13042022-235135
xxxGIDHxxx
CG-DL-E-13042022-235135
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 196] नई दिल्ली, मगं लवार, अप्रलै 12, 2022/चत्रै 22, 1944
No. 196] NEW DELHI, TUESDAY, APRIL 12, 2022/CHAITRA 22, 1944
ubZ fnYyh] 12 vizSy] 2022
—dEiuh lfpo fofu;e] 1982 esa vkSj la'kks/ku djus ds fy, dqN fofu;eks a dk
fuEufyf[kr elkSnk] ftls Hkkjrh; daiuh lfpo laLFkku dh ifj"kn dEiuh lfpo vf/kfu;e] 1980 ¼1980 dk 56½
dh /kkjk 39 dh mi&/kkjk ¼1½ ds v/khu iznÙk vf/kdkjks a dk iz;ksx djrs gq, dsUnz ljdkj ds iwoZ vuqekns u ds lkFk
cukus dk izLrko djrh gS] ,rn~}kjk dfFkr vf/kfu;e dh /kkjk 39 dh mi&/kkjk ¼3½ ds varxZr visf{kr ,ls s lHkh
O;fDr;kas dh tkudkjh ds fy, izdkf'kr fd;k tkrk gS ftUgas blls izHkkfor gksus dh laHkkouk gS vkSj ,rn~}kjk
lwfpr fd;k tkrk gS fd mDr elkSns ij fopkj bl vf/klwpuk oky s vkf/kdkfjd jkti= dh izfr;k a turk dks
miyC/k djk;s tkus dh frfFk ls rhl fnu dh vof/k lekIr gksu s ds ckn fd;k tk,xk(
dfFkr elkSnk fofu;eksa ds lac/a k es a vkifÙk;k a ;k lq>ko lfpo] Hkkjrh; daiuh lfpo laLFkku]
vkbZlh,lvkbZ gkml] 22] baLVhV~;'w kuy ,fj;k] yks/kh jksM] ubZ fnYyh&110003 dks lacksf/kr fd;s tk ldrs gSa(
dfFkr elkSnk fofu;eks a ds lac/a k esa fdlh Hkh O;fDr ls fofunsZf'kr vof/k dh lekfIr ls iwoZ izkIr
vkifÙk;k a ;k lq>ko ij gh ifj"kn }kjk fopkj fd;k tk,xkA
2622 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
1. (1) ;s fofu;e dEiuh lfpo ¼la'kks/ku½ fofu;e] 2022 dgs tk ldrs gSaA
(2) ;s Hkkjr ds jkti= es a muds vfare izdk'ku dh frfFk ij ykxw gksxsaA
2. dEiuh lfpo fofu;e] 1982 ¼;gk a ds ckn izeq[k fofu;e ds :i esa lanfHkZr½ es a &
(i) fofu;e 88 es a fuEufyf[kr dk s izfrLFkkfir fd;k tk,xk] uker%
ifj"kn izR;sd dSysaMj o"kZ es a U;wure pkj cSBds a vk;ksftr djsxh ftles a ifj"kn }kjk fu/kkZfjr ,ls s
le; ,o a LFkku ij ¼bysDVªkWfud ekMs lfgr½ vf/kdre ,d lkS chl fnuksa ds vra jky ds chp
yxkrkj nk s cSBds a vk;ksftr dh tk ldrh gSaA**
c'krZsa fd ;fn ifj"kn frfFk ;k LFkku ¼bysDVªkWfud ekMs lfgr½ fu/kkZfjr ugh a djrh ;k
ifjfLFkfr;kas dk s Bhd ugh a djrh gS] rks v/;{k ,slh cSBdsa fu/kkZfjr dj ldrs gSaA
(ii) fofu;e 90 ds mi&fofu;e ¼1½ es a 'kCn **iathÑr irk** ds ckn 'kCn **laLFkku ds fjdkMZ ds
vuqlkj bZ&esy irk** tksM+k tk,xk(
(iii) fofu;e 92 es a 'kCn **lnL;** 'kCn **la[;k** ds LFkku ij izfrLFkkfir djuk gS(
(iv) fofu;e 93 ds mi&fofu;e ¼2½ eas fuEufyf[kr izfrLFkkfir fd;k tk,xk] uker%
**¼2½ ;fn cSBd ds fy, fu;r le; ls vk/k s ?kVa s ds Hkhrj dksje mifLFkr ugha gksrk gS rks mls
vxys lIrkg esa mlh fnu] mlh le; vkSj LFkku ij ;k ;fn ml fnu jk"Vªh; vodk'k gS rks
vxys fnu tks jk"Vªh; vodk'k ugha gS] mlh le; ,o a LFkku ij vxys fnu ds fy, LFkfxr dj
fn;k tk,xk**A
(v) fofu;e 96 es a 'kCn **vxyh cSBd**] ds ckn 'kCn **v/;{k ;g lqfuf'pr djsaxs fd cSBd dh
dk;Zokgh lgh <xa ls ntZ dh xbZ gSA v/;{k ds ikl ,ls s ekey s tks mudh jk; es a fdlh Hkh
O;fDr ds fy, vioknkRed gSa ;k ekus tk ldrs gS] mUgas dk;Zo`Ùk ls ckgj dju s dk iwoZ
foods kf/kdkj gSa** tkMs +k tk,xkA
(vi) fofu;e 105, ds fy, fuEufyf[kr izfrLFkkfir fd;k tk,xk] uker%
** &
(1) ifj"kn ¼d½ lfpoh; ekud ckMs Z vkSj ¼[k½ ys[kk ijh{kk ekud ckMs Z tSlk fd og
ifj"kn }kjk lkSais x;s dk;ksZa dks dju s ds iz;kstuks a ds fy, vko';d le>s] dk
xBu dj ldrh gSA
(2) mi&fofu;e ¼1½ ds varxZr xfBr ckMs Z ¼1½ ifj"kn ds i;Zo{s k.k] fu;a=.k vkSj
funZs’k ds v/khu dke djsxk vkSj bles a vkbZlh,lvkbZ ds lnL; tks jkstxkj es a
;k izSfDVl esa gkas vkSj ifj"kn }kjk fu/kkZfjr vuqlkj fu;ked izkf/kdj.kkas ds
izfrfuf/kr 'kkfey gks ldrs gSaA
(3) dksbZ lnL; ftldk fdlh Hkh ,ls s ekeys esa izR;{k ;k vizR;{k :i ls dkbs Z
vkfFkZd fgr gS] ftls ckMs Z ds fopkj ds fy, yk;k x;k gS] ,ls s ekey s es a vius
fgr dh izÑfr dk izdVu djsxk vkSj blh rjg ds izdVdj.k dks ckMs Z dh
dk;Zokgh eas ntZ fd;k tk,xkA[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
(4) mi&fofu;e ¼3½ ds fy, lanfHkZr lnL; ,sls ekeys ij cksMZ ds fdlh Hkh
fopkj&foe'kZ ;k fu.kZ; esa Hkkx ugh a ysxkA
O;k[;k% bl fofu;e ds iz;kstukas ds fy,] **vkfFkZd fgr** dk eryc gS ,d
mfpr laHkkouk ;k ljkguh; foÙkh; ykHk dh mEehnA
(5) fofufnZ"V fooj.k ds vykok] ifj"kn vkSj mldh lfefr;ksa dh cSBdsa] lwpuk]
LFkxu] iqufuZ/kkZj.k] dksje] izLrko ij fopkj vkSj dk;Zo`Ùk ckMs Z dh cSBdksa ds
fy, ykxw ;Fkksfpr ifjorZuks a lfgr gksaxs**A
(vii) fofu;e 105ch ds fy,] fuEufyf[kr dks izfrLFkkfir fd;k tk,xk] uker%
(1) ifj"kn ,d 'kS{kf.kd cksMZ xfBr djsxh ftles a fuEufyf[kr lnL; gksaxs] uker%
¼d½ v/;{k] tks dksbZ izfrf"Br O;fDr ;k fdlh fo'ofo|ky; ;k MhEM
fo'ofo|ky; ;k fdlh ekU;rkizkIr izca/ku laLFkku es a dqykf/kifr ;k dqyifr
dk in /kkj.k djus okyk gksxk(
¼[k½ fdlh fo'ofo|ky; ;k MhEM fo'ofo|ky; es a ys[kkfof/k] foÙk] dkuwu ;k
O;olk; izca/ku esa ,d izkQs slj(
¼x½ Hkkjr ljdkj ds la;qDr lfpo Lrj dk dkWiksZjsV dk;Z ea=ky; dk ,d
izfrfuf/k(
¼?k½ okf.kT; ,oa m|ksx la?k }kjk ukekafdr ,d O;fDr(
¼³½ laLFkku ds nks izfrf"Br lnL; ftlesa ls ,d i’sksoj lnL; vkSj nwljk
jkstxkj ls gks(
¼p½ fof/k O;olk; ls ,d izfrf"Br O;fDr(
¼N½ lwpuk izkS|ksfxdh ds {ks= ls ,d izfrf"Br O;fDr(
¼t½ ekuo lalk/ku ds {ks= ls ,d izfrf"Br O;fDr(
¼>½ izf'k{k.k ,o a 'kS{kf.kd lqfo/kk lfefr ds v/;{k&insu(
¼¥½ vkbZlh,lvkbZ fotu xqzi] ;fn dksbZ gks] ds v/;{k] & inus (
¼V½ de ls de Hkkjr ljdkj es a la;qDr lfpo Lrj ds fo'ofo|ky;
vuqnku vk;ksx ds ukfefr(
¼B½ Hkkjr ljdkj es a la;qDr lfpo Lrj ds Hkkjrh; rduhdh f'k{kk ifj"kn
ds ,d ukfefr(
¼M½ laLFkku ds lfpo & insu(
¼<+½ 'kS{kf.kd funs'kky; ds izeq[k 'kS{kf.kd ckMs Z ds lnL; lfpo gkasxsA
c'krZsa fd mijksDr lnL;ks a es a ls fdlh ,d ;k vf/kd lnL;ks a ds u Hkj s tkus
;k fjDr gksu s ls ckMs Z ds xBu ij dksbZ izHkko ugh a iM+sxkA4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(2) v/;{k 'kS{kf.kd ckMs Z dh cSBdksa esa fo'k"sk vkeaf=r vfrfFk gkasxsA
(3) 'kS{kf.kd ckMs Z ds lnL; ml vof/k ds fy, in /kkj.k djsaxs tks ifj"kn }kjk
fu/kkZfjr dh tk, vkSj 'kS{kf.kd ckMs Z eas fdlh Hkh fjfDr dks ifj"kn }kjk mlh
rjg ls Hkjk tk,xk ftl rjg ls ftl lnL; dh fjfDr gqbZ Fkh] mls Hkj
fn;k x;k FkkA
(4) 'kS{kf.kd cksMZ ds lnL; ifj"kn }kjk fu/kkZfjr fd;s x;s vuqlkj ,ls s cSBd
'kqYd] ;k=k] ifjogu ,o a vU; HkÙkksa ds fy, gdnkj gkasxs%
c'krZsa fd ifj"kn lnL; fdlh Hkh cSBd 'kqYd ds fy, gdnkj ugha gksxkA
(5) 'kS{kf.kd ckMs Z dks Nk=ksa ls lacfa/kr lHkh 'kS{kf.kd dk;Zdykiksa dh ;kts uk ,oa
dk;kZUo;u dk dk;Z fuEufyf[kr lfgr lkSik tk,xk%
¼d½ vkfFkZd vkSj fofu;ked ifjos'k dk voyksdu(
¼[k½ ikB~;Øe vkSj bldh lkexzh dks fMtkbu djuk rFkk le;≤ ij
bldh leh{kk ,oa la'kks/ku djuk(
¼x½ f'k{kk dh i)fr dh fMtkbfuax(
¼?k½ izf'k{k.k vko';drkvksa dk eYw ;kadu ,oa mUgsa vafre :i nus k(
¼³½ ijh{kk i)fr ,oa eYw ;kda u iz.kkyh dh fMtkbfuax(
¼p½ tc Hkh vko';d gks] ifj"kn dk s vfuok;Z cnykokas dh flQkfj'k djuk(
vkSj
¼N½ dkbs Z vU; 'kS{kf.kd ekeyk%
c'krZsa fd ckMs Z fu;fer :i ls mijksDr dh izHkkodkfjrk dh fuxjkuh djsxk
vkSj tc Hkh vko';d gks] ifj"kn dks t:jh ifjorZuksa dh flQkfj'k djsxkA
c'krZsa ;g Hkh fd 'kS{kf.kd ckMs Z ds lanHkZ dh ’krkZsa ea s ifj"kn }kjk fu/kkZfjr dksbZ
vU; {k=s 'kkfey gks ldrk gSA
(6) tc Hkh vko';drk gks] 'kS{kf.kd cksMZ cSBd vk;ksftr djsxk] rFkkfi Nekgh
vk/kkj ij de ls de ,d cSBd vk;kfstr gksxhA nk s cSBdska ds chp U;wure
pkj ekg dk vra jky gksxkA
(7) 'kS{kf.kd ckMs Z ds U;wure ,d frgkbZ lnL; gh dksje dk xBu djasxsA
(8) ,ls k lnL; ftldk izR;{k ;k vizR;{k :i ls dksbZ vkfFkZd fgr gS] fdlh Hkh
ekeys esa] ftls 'kS{kf.kd cksMZ ds fopkjkFkZ yk;k tkrk gS] ,ls s ekeys esa og
vius fgr dh izÑfr dk [kqyklk djsxk vkSj bl rjg dk izdVhdj.k ckMs Z dh
dk;Zokgh eas ntZ fd;k tk,xkA
(9) mi&fofu;e ¼8½ es a fufnZ"V lnL; ,ls s ekeys ij ckMs Z ds fdlh Hkh
fopkj&foe'kZ ;k fu.kZ; esa Hkkx ugh a ysxkA
(10) 'kS{kf.kd ckMs Z le;≤ ij ifj"kn }kjk fu/kkZfjr laLFkku ds lexz uhfrxr
<kaps vkSj fotu ds vuqlkj dk;Z djsxkA[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5
(11) 'kS{kf.kd ckMs Z dks lkSai s x, ;k fn, x, dk;kZsa ds izn’kZu es a fy, x, fdlh Hkh
fu.kZ; dh leh{kk dju s dk vf/kdkj ifj"kn dk s gksxkA
(12) ifj"kn fyf[kr esa mu dkj.kksa dks ntZ djsxh tgk a og 'kS{kf.kd cksMZ dh fdlh
Hkh flQkfj'k dks Lohdkj ugha djrh gS vkSj bldk laLFkku dh okf"kZd fjikVs Z es a
[kqyklk djsxhA**
(viii) fofu;e 107 ds mi&fofu;e ¼2½ es a 'kCn **,ls s LFkku** ds ckn 'kCn **¼bysDVªkWfud eksM
lfgr½** tksMk+ tk,xkA
(ix) fofu;e 107 ds mi&fofu;e ¼4½ es a 'kCn **vkSj LFkku** ds ckn 'kCn **¼bysDVªkWfud ekMs
lfgr½** tksMk+ tk,xkA
(x) fofu;e 119 ds mi&fofu;e ¼2½ es a fuEufyf[kr ladYi izfrLFkkfir fd;k tk,xk] uker%
**¼2½ izR;ds {ks=h; ifj"kn viu s xBu ds ckn viuh igyh cSBd es a vkSj ckn ds o"kkZs es a
izR;ds o"kZ fnlEcj es a vk;ksftr gksu s okyh cSBd es a xBu ds ckn viuh igyh cSBd dh
frfFk ;k ckn ds o"kZ esa 19 tuojh tSlk Hkh ekeyk gks ls izkjaHk vof/k ls vxys o"kZ 18
tuojh rd dh vof/k ds fy, ,d v/;{k] ,d mik/;{k] ,d lfpo ,oa ,d dk"skk/;{k
dks in /kkj.k dju s ds fy, pquxs h vkSj ;fn chp es a muesa ls dksbZ Hkh in [kkyh gks tkrk
gS rks {ks=h; ifj"kn o"kZ dh 'k"sk vof/k ds fy, in /kkj.k dju s gsrq vius lnL;kas esa ls
fdlh nlw j s O;fDr dks pqusxhA
c'krsaZ fd lsokfuo`Ùk gksu s okys inkf/kdkjh ;fn {ks=h; ifj"kn ds lnL; cu s jguk pkgrs gSa
rks og {ks=h; ifj"kn ds fdlh Hkh in grs q iqu% fuokZpu ds fy, ;kXs ; gkasxsA
ifj"kn ds vkns'kkuqlkj]
vk'kh"k eksgu] lfpo
[जवज्ञापन III/4/असा./22/2022-23]
% izeq[k fofu;e vf/klwpuk vkbZlh,lvkbZ ua- 710@2 ¼1½ fnukda 16 flrEcj] 1982 ds ek/;e ls Hkkjr ds
jkti= es a izdkf'kr fd;s x;s Fks vkSj fuEufyf[kr ds ek/;e ls ckn es a la'kk/s ku gqvk%
(i) vf/klwpuk la- vkbZlh,lvkbZ@710@2@,e¼1½ fnukda 30 ekpZ] 1984(
(ii) vf/klwpuk la- vkbZlh,lvkbZ@710@2@,e¼1½ fnukda 3 ebZ] 1984(
(iii) vf/klwpuk la- 710%2%,e¼1½ fnukad 30 fnlEcj] 1985(
(iv) vf/klwpuk la- 710¼2½¼,e½¼1½ fnukad 23 Qjojh] 1987(
(v) vf/klwpuk la- 710¼2½¼,e½¼1½ fnukad 9 ekpZ] 1987(
(vi) vf/klwpuk la- vkbZlh,lvkbZ@710 ¼2½ ¼,e½ ¼2½ fnukad 22 vxLr] 1988(
(vii) vf/klwpuk la- 710¼2½¼,e½¼2½ fnukad 23 vxLr] 1988(
(viii) vf/klwpuk la- 710@1¼,e½@1@18 fnukad 20 vxLr] 1993 ,oa 24 uoEcj] 1993(
(ix) vf/klwpuk la- 710@1¼,e½@17 fnukda 21 Qjojh] 1995(
(x) vf/klwpuk la- 710@1¼,e½@20 fnukda 28 uoEcj] 1996(6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(xi) vf/klwpuk la- vkbZlh,lvkbZ@710@2@,e@26 fnukad 10 vxLr] 2001(
(xii) vf/klwpuk la- 710@1@¼,e½@1 fnukad 4 ebZ] 2006(
(xiii) vf/klwpuk la- 710@1@¼,e½@1 fnukad 26 twu] 2006(
(xiv) vf/klwpuk la- 531%fof/kd%710@1¼,e½@1 fnukda 26 tqykbZ] 2010(
(xv) vf/klwpuk la- 710@1¼,e½@2 fnukda 4 twu] 2012(
(xvi) vf/klwpuk la- 710@1¼,e½@1 fnukda 1 vizSy] 2014(
(xvii) vf/klwpuk la- 710@1¼,e½@1 fnukda 3 Qjojh] 2020
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA
(Constituted under the Company Secretaries Act, 1980)
NOTIFICATION
New Delhi, the 12th April, 2022
No. 710/1(M)/1.— The following draft of certain regulations, further to amend the Company
Secretaries Regulations, 1982, which the Council of the Institute of Company Secretaries of India proposes
to make, in exercise of the powers conferred by sub-section (1) of section 39 of the Company Secretaries
Act, 1980 (56 of 1980), and with the prior approval of the Central Government, is hereby published, as
required by sub section (3) of section 39 of the said Act, for information of all persons likely to be affected
thereby and notice is hereby given that the said draft will be taken into consideration after expiry of the
period of thirty days from the date on which copies of the Official Gazette containing this notification are
made available to the public;
Objection or suggestion in respect of the said draft regulations, may be addressed to the Secretary,
the Institute of Company Secretaries of India, ICSI House, 22, Institutional Area, Lodi Road, New Delhi
110003;
The objection or suggestion, which may be received from any person with respect to the said draft
regulations before the expiry of the period so specified, shall be considered by the Council.
DRAFT REGULATIONS
1. (1) These regulations may be called the Company Secretaries (Amendment) Regulations,
2022.
(2) They shall come into force on the date of their final publication in the Gazette of India.
2. In the Company Secretaries Regulations, 1982 (hereinafter referred as principal regulations),-
(i) For Regulation 88, the following shall be substituted, namely:
“88. Meetings of the Council. –
The Council shall hold at least four Meetings in each Calendar Year with a maximum
interval of one hundred and twenty days between any two consecutive Meetings at such
time and place (including electronic mode) as the Council may determine.”
Provided that if the Council does not fix the date or place (including electronic mode) or
the circumstances so warrant, the President may fix such meetings.
(ii) In sub-regulation (1) of Regulation 90, after the words, “the registered address”, the words,
“or e-mail address as per the records of the Institute” shall be inserted;
(iii) In Regulation 92, the word, “member”, to be substituted in place of the word, “number”,[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 7
(iv) For sub-regulation (2) of Regulation 93, the following shall be substituted, namely:-
“(2) If a quorum is not present within half an hour from the time appointed for the meeting
the same shall be adjourned to the same day in the next week, at the same time and place
or, if that day is a National Holiday, to the next succeeding day which is not a National
Holiday, at the same time and place. If there is no Quorum at the adjourned Meeting also,
the Meeting shall stand cancelled.”
(v) In Regulation 96, after the words, “next meeting”, the words, “The Chairman shall ensure
that the proceedings of the Meeting are correctly recorded. The Chairman has absolute
discretion to exclude from the Minutes, matters which in his opinion are or could
reasonably be regarded as defamatory of any person.” shall be inserted.
(vi) For Regulation 105A, the following shall be substituted, namely:
“105A. Constitution of Boards.-
(1) The Council may constitute (a) the Secretarial Standards Board and (b) the
Auditing Standards Board as it may deem necessary for the purposes of
carrying out such functions as may be assigned by the Council.
(2) Boards constituted under sub-regulation (1) shall function under the
supervision, control and direction of the Council and may comprise of
members of the ICSI either in employment or in practice and
representatives of such regulatory authorities as may be determined by the
Council.
(3) A member who has any pecuniary interest, direct or indirect in any such
matter which is brought up for consideration of the Board shall disclose
the nature of his interest in such matter and such disclosure shall be
recorded in the proceedings of the Board.
(4) The member referred to sub-regulation (3) shall not take part in any
deliberation or decision of the Board on such matter.
Explanation.- For the purposes of this regulation, “pecuniary interest”
means a reasonable likelihood or expectation of appreciable financial gain.
`(5) Except provided specifically, the provisions in respect of meetings of the
Council and its Committees, notice, adjournment, rescheduling, quorum,
consideration of resolution and minutes shall be mutatis mutandis
applicable to the meetings of the Boards.”
(vii) For Regulation 105B, the following shall be substituted, namely:
“105B. Academic Board.-
(1) The Council shall constitute an Academic Board consisting of the following
members, namely:-
(a) a Chairperson, who shall be a person of eminence or holding or has held
the office of Chancellor or Vice-Chancellor in any University or
deemed University or any recognized Management Institute;
(b) one professor in accountancy, finance, law or business management in
any University or deemed University;
(c) one representative of the Ministry of Corporate Affairs not below the
rank of a Joint Secretary to the Government of India;
(d) one person to be nominated by the Chambers of Commerce and
Industry;8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(e) two eminent members of the Institute, out of which one shall be
practising member and another from employment;
(f) one eminent person from the legal profession;
(g) one eminent person from the field of information technology;
(h) one eminent person from the field of human Resources;
(i) Chairman of Training and Educational Facilities Committee -ex-officio;
(j) Chairman of the ICSI Vision Group, if any, -ex-officio;
(k) A nominee of University Grant Commission not below the rank of a
Joint Secretary to the Government of India;
(l) A nominee of All India Council for Technical Education not below the
rank of a Joint Secretary to the Government of India;
(m) Secretary of the Institute -ex-officio; and
(n) The Head of the Directorate of Academics shall be the member
Secretary to the Academic Board.
Provided that, non-filling or vacancy of any one or more of the aforesaid
members shall not affect the constitution of the Board.
(2) The President shall be the special invitee in the meetings of the Academic
Board.
(3) The members of the Academic Board shall hold office for such term as
may be determined by the Council and any vacancy in the Academic
Board shall be filled by the Council in the same manner as the member
whose vacancy occurred was filled.
(4) The members of the Academic Board shall be entitled to such sitting fee,
travelling, conveyance and other allowances as may be determined by the
Council:
Provided that Council Member shall not be entitled for any sitting fee.
(5) The Academic Board shall be entrusted with the task of planning and
implementation of all academic activities related to students including:-
(a) scanning of the economic and regulatory environment;
(b) designing the syllabus and its contents and periodical review and
revision thereof;
(c) designing mode of education;
(d) assessing and finalisation of the training requirements;
(e) designing the mode of examination and evaluation system;
(f) recommending necessary changes to the Council, as and when
required; and
(g) any other related academic matter:
Provided that the Board shall regularly monitor the effectiveness of the
above and recommend necessary changes to the Council, as and when
required.
Provided further that the terms of reference of the Academic Board may
include any other area as may be determined by the Council.[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 9
(6) The Academic Board shall meet as and when required, however, at least
one meeting shall be held on half yearly basis. There shall be gap of at
least four months between two meetings.
(7) Not less than one third of members of the Academic Board shall constitute
the quorum.
(8) A member who has any pecuniary interest, direct or indirect, in any matter
which is brought up for consideration of the Academic Board, shall
disclose the nature of his interest in such matter and such disclosure shall
be recorded in the proceedings of the Board.
(9) The member referred to in sub-regulation (8), shall not take any part in any
deliberation or decision of the Board on such matter.
(10) The Academic Board shall work as per the overall policy framework and
vision of the Institute as decided by the Council from time to time.
(11) The Council shall have the power to review any decision taken by the
Academic Board in the performance of functions assigned or delegated to
it.
(12) The Council shall record the reasons in writing where it does not accept
any recommendation of the Academic Board and shall disclose the same in
the Annual Report of the Institute.”
(viii) In sub-regulation (2) of Regulation 107, after the words, “such place”, the words,
“(including electronic mode)” shall be inserted;
(ix) In sub-regulation (4) of Regulation 107, after the words, “and place”, the words,
“(including electronic mode)” shall be inserted;
(x) For sub-regulation (2) of Regulation 119, the following regulation shall be substituted,
namely:
“(2) Every Regional Council shall at its first meeting held after its constitution and
in subsequent years at a meeting to be held in December of every year elect from
amongst its members a Chairman, a Vice-Chairman, a Secretary and a Treasurer
thereof to hold office for a period commencing from the date of its first meeting
after constitution or from 19th January of the subsequent year as the case may be,
till the 18th January of the next year and so often as any of those offices become
vacant, the Regional Council shall elect another person from amongst its members
to hold the office for the remaining period of a year.
Provided that the retiring office bearers shall be eligible for re-election to any of the
offices of the Regional Council if they continue to be members of the Regional
Council.”
By Order of the Council,
ASISH MOHAN, Secy.
[ADVT.-III/4/Exty./22/2022-23]
Note: The principal regulations were published in the Gazette of India vide Notification ICSI No.710/2 (1),
dated the 16th September, 1982 and subsequently amended vide:
(i) Notification No. ICSI/710/2/M(1) dated the 30th March, 1984;
(ii) Notification No. ICSI/710/2/M(1) dated the 3rd May, 1984;
(iii) Notification No. 710:2:(M)(1) dated the 30th December, 1985;
(iv) Notification No. 710(2)(M)(1) dated the 23rd February, 1987;10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(v) Notification No. 710(2)(M)(1) dated the 9th March, 1987;
(vi) Notification No. ICSI/710(2)(M)(2) dated the 22nd August, 1988;
(vii) Notification No. 710(2)(M)(2) dated the 23rd August, 1988;
(viii) Notification No. 710/1(M)/1/18 dated the 20th August, 1993 and 24th November, 1993;
(ix) Notification No.710/1(M)/17 dated the 21st February, 1995;
(x) Notification No.710/1(M)/20 dated the 28th November, 1996;
(xi) Notification No. ICSI/710/2/M/26 dated the 10th August, 2001;
(xii) Notification No.710/1(M)/1 dated the 4th May, 2006;
(xiii) Notification No.710/1/(M)/1dated the 26th June, 2006;
(xiv) Notification No.531:legal:710/1(M)/1 dated the 26th July, 2010;
(xv) Notification No.710/1(M)/2 dated the 4th June, 2012;
(xvi) Notification No.710/1(M)/1 dated the 1st April, 2014;
(xvii) Notification No.710/1(M)/1 dated the 3rd February, 2020.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.