Company Law : Secretarial Audit is a corporate governance tool that analyzes a company's balance sheet to ensure financial transactions comply w...
Company Law : Secretarial auditors must maintain professional skepticism and judgment to detect fraud by company officers or employees, reportin...
Corporate Law : Review essential compliance steps for SS-1 meetings of the Board of Directors, ensuring proper documentation and procedural adhere...
SEBI : Explore the Annual Secretarial Compliance Report (ASCR) of top 100 listed companies. Analyze non-compliances, key observations, an...
Company Law : Learn about secretarial audit in India, its significance, objectives, scope, and appointment process as per the Companies Act, 201...
CA, CS, CMA : Listed entities must file an annual secretarial compliance report covering adherence to SEBI regulations, prepared by a company se...
CA, CS, CMA : Explore the Institute of Company Secretaries of India's latest announcement on revised Secretarial Standards (SS-1 & SS-2) for Boa...
CA, CS, CMA : To set out the explanations, procedures and practical aspects in respect of the various provisions contained in the Auditing Stand...
Company Law : It is submitted to include Secretarial Audit for bigger private companies in the purview of secretarial audit. The suggested amend...
Company Law : ROC Mumbai penalised a company and its Managing Director for omitting disclosure regarding compliance with Secretarial Standards i...
Company Law : The Registrar of Companies found that the company remained without a whole-time Company Secretary from 2014 to 2020 in violation o...
Company Law : The adjudicating authority held that the company remained in continuous default for several years after becoming legally required ...
Company Law : Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). ...
Company Law : The case addresses non-maintenance of Board and General Meeting notices and dispatch proof. The authority imposed penalties, empha...
ROC Mumbai penalised a company and its Managing Director for omitting disclosure regarding compliance with Secretarial Standards in the Board Report. The authority held that the omission violated Section 118(10) read with Section 134(5)(f) of the Companies Act, 2013.
The Registrar of Companies found that the company remained without a whole-time Company Secretary from 2014 to 2020 in violation of mandatory legal requirements. Penalties were imposed on both the company and directors under Section 203(5).
The adjudicating authority held that the company remained in continuous default for several years after becoming legally required to appoint a Company Secretary. The order emphasizes strict enforcement of corporate governance obligations relating to key managerial personnel appointments.
Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). The key takeaway is that delays, even if due to transition issues, do not excuse non-compliance.
The case addresses non-maintenance of Board and General Meeting notices and dispatch proof. The authority imposed penalties, emphasizing strict documentation requirements under the Companies Act.
ROC Chennai held that non-filing of the secretarial audit report violates Section 204. Directors were penalised for prolonged non-compliance across multiple years.
The adjudication confirms that non-appointment of a secretarial auditor is a serious compliance breach. COVID-related explanations did not absolve liability under company law.
The adjudicating authority held that exceeding the ₹100 crore borrowing threshold makes secretarial audit compulsory. Failure to appoint a Secretarial Auditor attracts fixed penalties under the Companies Act.
Secretarial Audit is a corporate governance tool that analyzes a company’s balance sheet to ensure financial transactions comply with laws and regulations.
Secretarial auditors must maintain professional skepticism and judgment to detect fraud by company officers or employees, reporting findings to management, the Board, or the Central Government as per Companies Act, 2013 regulations.
