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COVID-19: ICSI notifies Temporary relaxation in Regulations 46BA and 46BB of the Company Secretaries Regulations 1982

ICSI - COVID-19 - Regulations 46BA- Temporary relaxation - Taxscan

The Institute of Company Secretaries of India (ICSI) on Monday notified the temporary relaxation in Regulations 46BA and 46BB of the Company Secretaries Regulations 1982 due to the COVID-19 pandemic.

The Company Secretaries (Amendment) Regulations, 2020 has been made effective from 03rd February 2020.

In the view of the interest of the students, the Institute on the recommendation of the council extended the time of application of the Regulations 46BA and 468B of the Company Secretaries Regulations 1982 (as amended up to 3rd February 2020).

“The period for compulsory switchover of training as prescribed under regulation 46 BA of the Company Secretaries (Amendment) Regulations, 2020 is extended further for a period of six months i.e. up to 2nd February 2021,” the notification said.

Further, the notification said, “the Students under the Company Secretaries (Amendment) Regulations, 2020 are allowed to commence their 21 months Practical training after completion of 15 days EDP in online mode instead of One Month EDP as prescribed in regulation 46 BB of the Company Secretaries (Amendment) Regulations, 2020. However, they shall be required to complete the remaining 15 days of EDP in classroom mode within six months of commencement of their Practical training. The said EDP in classroom mode shall be undertaken, once the regions and chapters are reopened for conducting such training.”

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