X is a Company Secretary in Practice and has more than 5 years post-qualification experience as company secretary. X wants to get himself empanelled as Peer Reviewer. Citing the relevant provisions and procedure, state w
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2024
X is a Company Secretary in Practice and has more than 5 years post-qualification experience as company secretary. X wants to get himself empanelled as Peer Reviewer. Citing the relevant provisions and procedure, state whether X is eligible for the empanelment with justification.
Answer & Explanation:
Empanelment of Peer Reviewers: The Peer Review Board has been empowered to maintain a panel of Reviewers. Para 10 of the Peer Review Guidelines provides for the qualifications of the reviewer which is as under: The nature and complexity of Peer Review require the exercise of professional judgement. Accordingly, an individual to be empaneled as Peer Reviewer shall (Qualifications): Be a member with at least 10 years of post-qualification experience as Company Secretary; Be currently holding Certificate of Practice as issued by the Institute. Further to be empanelled as Peer Reviewer, a member shall not have (Disqualifications): - disciplinary action / proceedings pending against him during the past 3 years. been convicted by a Competent Court whether within or outside India, of an offence involving moral turpitude and punishable with transportation or imprisonment; The Board may examine the quality of the report and shall have powers to remove the Reviewer from the panel of Peer Reviewers, in case the quality of the review/report fails to match the desired standards. Sitting members on the Council / Regional Council and sitting Office Bearers of Managing Committee of the Chapter(s) of the ICSI shall not act as Peer Reviewers till they demit their office. The Board has prescribed a format for inviting applications from members fulfil the above criteria who are willing to be empaneled as Reviewers. The application form seeks to collate information on the experience of the member, infrastructure available, professional experience, educational qualification, practice areas, etc. which would enable the Board to assess the core competence of the applicant for empanelment as reviewer. When a Peer Review is required to be conducted, the Board would endeavour to match the relevant experience and standing of the Reviewer with the profile of the P.U. which is to be Peer Reviewed. A copy of the application format for empanelment of Reviewer may be downloaded from the webpage of the Peer Review Board at the ICSI portal www.icsi.edu. In view of the above X is not eligible for the empanelment as Peer Reviewer because he does not meet the requirement of post-qualification experience of 10 years.
Topics: Peer Review
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