Corporate Updates – 16-02-2015

Secretarial Audit – ICSI:

The Central Council of the ICSI has after taking into consideration the views of members of Corporate Laws and Governance Committee, decided the Scope of Secretarial Audit for reporting on compliance of ‘Other laws as may be applicable specifically to the company’ which shall include all the laws which are applicable to specific industry. The Institute with a view to facilitate the members to conduct Secretarial Audit has compiled list of specific laws applicable to various sectors, from different sources. The list is indicative only and not exhaustive. An indicative list of sector specific central laws in respect of some of the sectors is released and the lists applicable to other sectors shall also be uploaded shortly.


CBEC has appointed the officers of various ranks of Directorate General of Central Excise Intelligence as the officers of Central Excise of the corresponding ranks for exercise of all powers under the Central Excise Act, 1944 and rules made thereunder, throughout the territory of India. Pursuant to the Cadre structuring and reorganization of CBEC, new posts created in DGCEI, for various purposes including for adjudication of cases, in the rank of Principal Commissioners of Central Excise or Commissioners of Central Excise have been. Additional Director General (Adjudication) in DGCEI shall adjudicate cases where the show cause notices are issued by the officers of DGCEI. The practice of adjudication of DGCEI cases by field Commissioners shall also continue. All these guidelines shall also apply mutatis-mutandis to the Service Tax cases booked by DGCEI.

Speak Your Mind