Secretarial Standard-1 is equally applicable on all the companies, one person company and a company registered under Section 8 of the Companies Act, 2013, without granting any exemption to any kind of the company. Commen

The aforesaid statement is wrong. The Secretarial Standard-1 is applicable to the meetings of Board of Directors of all the companies that have been incorporated under the provisions of the Companies Act, 2013 except: One Person Company; and A Company registered under section 8 of the Companies Act, 2013. However, the Companies registered under Section 8 of the Companies Act, 2013, need to comply with the applicable provisions of the Companies Act, 2013 relating to the Board Meetings. The exemption to a company registered under Section 8 of the Companies Act, 2013 as above and specific exemptions given to the private companies in the Standard shall be available only if they have not committed any default in filing of the financial statements or Annual Return with the Registrar of Companies.