Following provisions of Secretarial Standards (1 & 2) are not applicable to private companies in view of exemptions granted by MCA vide notification dated 05 June 2015 from the provisions of the Companies Act, 2013.

SS-1 Secretarial Standard 1: Meetings of the Board of Directors 2.3 Private companies need not appoint independent directors on their Board and hence need not conduct mandatory one meeting of all the independent directors in one calendar year. 3.2 In case of private company, Notice can also be sent to Interested directors and they can …

Following provisions of Secretarial Standards (1 & 2) are not applicable to private companies in view of exemptions granted by MCA vide notification dated 05 June 2015 from the provisions of the Companies Act, 2013. Read More »

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