New sub-clause 178C –Functions of Company Secretaries to be provided.
New Clause 178C – The functions of Company Secretary shall include:–
(a) to convene Board and general meetings, to attend the board and general meetings and maintain the record of the minutes of these meetings.
(b) to obtain approvals from the Board, general meetings, the Government and such other authorities as required under the provisions of this Act;
(c) to assist and advise the board in the conduct of the affairs of the company.
(d) to assist and advise the board in ensuring good corporate governance and in complying with the corporate governance requirements and good practices;
(e) to ensure that the company complies with the applicable secretarial standards.
Explanation. – For the purpose of this clause, the term ―Secretarial Standards means Secretarial Standards issued by the Institute of Company Secretaries of India and approved by the Central Government.
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