Write a note on establishment and functions of Quality Review Board under the Company Secretaries (Amendment) Act, 2006.

Note on Establishment and functions of Quality Review Board under Company Secretaries (Amendment) Act, 2006 Section 29A of the Company Secretaries Act, 1980 (as amended by Company Secretaries (Amendment) Act, 2006) provides the provisions relating to establishment of Quality Review Board. They are as under: The Central Government shall, by notification, constitute a Quality Review Board consisting of a Chairperson and four other members. The Chairperson and members of the Board shall be appointed from amongst the persons of eminence having experience in the field of law, economics, business, finance or accountancy. Two members of the Board shall be nominated by the Council and other two members shall be nominated by the Central Government. Section 29B of the Company Secretaries Act, 1980 (as amended by Company Secretaries (Amendment) Act, 2006) provides the provisions relating to functions of Quality Review Board. They are as under: The Quality Review Board shall perform the following functions, namely: to make recommendations to the Council with regard to the quality of services provided by the members of the Institute; to review the quality of services provided by the members of the Institute including secretarial Audit services; and to guide the members of the Institute to improve the quality of services and adherence to the various statutory and other regulatory requirements.