Write a note on Secretarial Standard related to minutes of meeting.

Section 118 (10) of the Companies Act, 2013 introduces Secretarial Standards and provides statutory recognition to Secretarial Standards issued by ICSI. SS-1 applies to Meetings of the Board of Directors and its Committees, and SS-2 applies to General Meetings. These Secretarial Standards prescribe a set of principles for convening and conducting Board, Committee and general Meetings and matters related thereto. These Secretarial Standards also contain detailed provisions relating to minutes, highlights of which are as under: Every company shall keep Minutes of all Meetings (Board, Committee and General Meetings) in Minutes Books. Minutes shall be preserved permanently in physical or electronic form. Minutes in electronic form shall be maintained with Timestamp. Minutes Books shall be kept in the custody of the Company Secretary. Minutes shall contain a fair and correct summary of the proceedings of the Meeting. Minutes shall be written in clear, concise and plain language. The pages of the Minutes Books shall be consecutively numbered. Minutes shall not be pasted or attached to the Minutes Books, or tampered with in any manner. Minutes, if maintained in loose-leaf form, shall be bound periodically. Minutes of the Board & Committee Meeting shall be kept at the Registered Office of the company or at such other place as may be approved by the Board. However, Minutes of General Meetings shall be kept at the Registered Office.