ICSI Updates Annual Secretarial Compliance Report Format
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- Last Updated on 17 May, 2025
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The Institute of Company Secretaries of India (ICSI) has released an updated format for the Annual Secretarial Compliance Report, introducing improvements aimed at enhancing clarity, uniformity, and ease of reporting.
1. Key Update – Removal of Redundancies
The new format seeks to eliminate repetitive or redundant content, especially detailed descriptions already implied under statutory provisions. By doing so, the revised structure reduces verbosity and ensures that compliance professionals focus on the core requirements of the report.
2. Structure of the Updated Format
While the format has been simplified, it retains the fundamental structure, including –
- Introductory paragraphs outlining the scope and responsibility
- A compliance checklist covering key regulatory requirements
- A section for observations and remarks by the practicing company secretary
The revisions aim to standardise reporting and encourage a concise, professional presentation of compliance status.
3. Benefits of the Revised Format
- Simplifies preparation for practicing professionals
- Ensures consistency and comparability across reports
- Enhances focus on substantive compliance rather than form
- Supports better understanding for stakeholders, including regulators and company boards
4. Conclusion
The updated format reflects ICSI’s commitment to continuous improvement in governance practices and reporting standards. Companies and professionals are advised to adopt the new structure for filing the Annual Secretarial Compliance Report, ensuring alignment with the latest guidelines.
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