Malaysian Association of
Company Secretaries (MACS) to adopt the Secretarial Standards issued by the
Institute of Company Secretaries of India (ICSI) as the benchmark.
The Ministry of Corporate Affairs has approved a request of the
Malaysian Association of Company Secretaries (MACS) for adoption of the
Secretarial Standards issued by the Institute of Company Secretaries of India
(ICSI) as the benchmark in the development of Secretarial Standards
of MACS.
The Secretarial Standards on Meetings of the Board of Directors
and Secretarial Standard on General Meetings were approved by the Ministry of
Corporate Affairs, Government of India under sub-section 10 of Section 118 of
the Companies Act, 2013 and are in place with effect from 1st July, 2015
It is a matter of prestige that Indian Standards are to be adopted/benchmarked by a foreign sister institution in the course of formulation of their own similar standards.
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