New recognition for CS under Consumer Protection Direct Selling Rules

Recognition to Company Secretary under the Consumer Protection (Direct Selling) Rules, 2021

The Institute in furtherance of its endeavours to provide new opportunities to its Members, has been sending suggestions on various draft rules, regulations, policies and guidelines, etc. issued by Ministries, government organisations and regulatory bodies to seek recognitions in new areas of practice and employment.

The Ministry of Consumer Affairs, Food & Public Distribution came out with the draft Consumer Protection (Direct Selling) Rules, 2021 for public consultation vide notification dated 30 June 2021. The Institute submitted its views and suggestion on the same to the Ministry on 21″ July 2021.

We are pleased to share that the Ministry of Consumer Affairs, Food & Public Distribution has recognized Company Secretary under Rule 5 (1) (g) of the Consumer Protection (Direct Selling) Rules, 2021 issued vide gazette notification dated 28 December, 2021.

We express our sincere gratitude to the Ministry of Consumer Affairs for reposing confidence in the profession of Company Secretaries.

The reference to selected rule under the Consumer Protection (Direct Selling) Rules, 2021 providing for recognition mentioned above is as under:

“5. Obligations of direct selling entity.-

(1) Every direct selling entity shall-

(g) get all information provided by it on its website duly certified by a Company Secretary.

Explanation-For the purposes of this clause, “Company Secretary” means a person as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980 (56 of 1980);”

The notified rules are available on the website of the Ministry of Consumer Affairs Food & Public Distribution at the following link:

https://consumeraffairs nic, in/sites/default/files/232214.pdf

Regards, (CS Nagendra D Rao) President The Institute of Company Secretaries of India