Secretarial Audit

Secretarial Audit – Applicability, Scope & Procedure for appointment of Secretarial Auditor

Company Law - Introduction: Secretarial Audit is an independent audit of companies’ management and corporate compliance which helps us to detect non compliance and to take corrective measures. It also called a compliance audit. It helps us to ensure that the company follow all applicable provisions and regulations of the different applicable acts. Se...

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Secretarial Standard-1 on Board Meetings Simplified (SS-1)

Company Law - Secretarial Standard-1 As the Provisions of Company Law are becoming more stringent and the ROCs have increased their vigil, it is very important to comply with Secretarial Standards in the proceedings of the meeting and in matters incidental thereto. Secretarial Standards-1 act as guide to conduct the Board Meeting as per the provisions ...

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SS-2 – Secretarial Standard On General Meetings

Company Law - Applicability This Standard is applicable to all types of General Meetings (AGM/EGM) of all companies incorporated under the Act except One Person Company (OPC) and a company licensed under Section 8 of the Companies Act, 2013. SS2 mutatis and mutandis Applicable to the following :- 1. Meetings of debenture-holders 2. Meetings of Creditor...

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Checklist Annual Secretarial Compliance Report 2022

Company Law - LEGAL PROVISION SEBI inserted a new regulation i.e. Regulation 24A and made effective for the financial year ended March 31, 2019 in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI (LODR) Regulations) which mandated the requirements of annexing a Secretarial Audit report...

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Board Meetings: Combined Analysis of Section 118, 173 & Secretarial Standards 1

Company Law - OVERVIEW Board Meetings are the meeting of directors to discuss and take decision on various corporate and non-corporate matters for smooth functioning of the Company and in today’s dynamic and changing scenarios, it is must needed to take regular updates on the matters affecting the business of the companies. The Board of Directors is ...

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Guidance Note on Auditing Standard on Secretarial Audit (CSAS-4)

Company Law - To set out the explanations, procedures and practical aspects in respect of the various provisions contained in the Auditing Standard on Secretarial Audit (CSAS-4), the Auditing Standards Board (ASB) of the Institute has brought out the Exposure Draft of the Guidance Note on Auditing Standard on Secretarial Audit (CSAS-4)....

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Secretarial Audit for Bigger Companies under Companies Act, 2013

Company Law - It is submitted to include Secretarial Audit for bigger private companies in the purview of secretarial audit. The suggested amendment in Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as under:...

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Recent Posts in "Secretarial Audit"

Secretarial Audit – Applicability, Scope & Procedure for appointment of Secretarial Auditor

Introduction: Secretarial Audit is an independent audit of companies’ management and corporate compliance which helps us to detect non compliance and to take corrective measures. It also called a compliance audit. It helps us to ensure that the company follow all applicable provisions and regulations of the different applicable acts. Se...

Read More
Posted Under: Company Law |

Secretarial Standard-1 on Board Meetings Simplified (SS-1)

Secretarial Standard-1 As the Provisions of Company Law are becoming more stringent and the ROCs have increased their vigil, it is very important to comply with Secretarial Standards in the proceedings of the meeting and in matters incidental thereto. Secretarial Standards-1 act as guide to conduct the Board Meeting as per the provisions ...

Read More
Posted Under: Company Law |

SS-2 – Secretarial Standard On General Meetings

Applicability This Standard is applicable to all types of General Meetings (AGM/EGM) of all companies incorporated under the Act except One Person Company (OPC) and a company licensed under Section 8 of the Companies Act, 2013. SS2 mutatis and mutandis Applicable to the following :- 1. Meetings of debenture-holders 2. Meetings of Creditor...

Read More
Posted Under: Company Law |

Checklist Annual Secretarial Compliance Report 2022

LEGAL PROVISION SEBI inserted a new regulation i.e. Regulation 24A and made effective for the financial year ended March 31, 2019 in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI (LODR) Regulations) which mandated the requirements of annexing a Secretarial Audit report...

Read More
Posted Under: Company Law |

Board Meetings: Combined Analysis of Section 118, 173 & Secretarial Standards 1

OVERVIEW Board Meetings are the meeting of directors to discuss and take decision on various corporate and non-corporate matters for smooth functioning of the Company and in today’s dynamic and changing scenarios, it is must needed to take regular updates on the matters affecting the business of the companies. The Board of Directors is ...

Read More
Posted Under: Company Law |

Applicability of Secretarial Audit to Private Companies

A. As per Companies Act 2013 RULE 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 The Ministry of Corporate Affairs(MCA) vide its Notification dated January3, 2020, mandated every Company(including Private Company):- having outstanding loans or borrowings from banks or public financial institutions of...

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Posted Under: Company Law |

Annual Secretarial Compliance Report

Realising the need of growing Compliance Reporting mechanism in letter and spirit, SEBI came out with the Circular dated February 08, 2019 mandating Annual Secretarial Compliance Report to be submitted by a Company Secretary in Practice to the listed entity on an annual basis, regarding compliance of all applicable SEBI Regulations and Ci...

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Posted Under: Company Law |

Secretarial audit: A proactive Governance Measure

It is a fact that in the rapidly changing business world, every company, while pursuing its activities has to comply with numerous rules and regulations under Companies Act, SEBI, FEMA, and multiple other Laws.  Thus, under section 204 of the companies act, 13, the mechanism of secretarial audit has been included to examine the complianc...

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Posted Under: Company Law |

Secretarial Audit for bigger Companies

Earlier, the word Audit was connected only with the finance. It revolves around checking company’s books of accounts, financial figures and reports but now the scope of word Audit has been widened after an enactment of Companies Act, 2013 which introduced the concept of ‘Secretarial Audit’. Secretarial Audit is a process to check co...

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Posted Under: Company Law |

Secretarial Standard on Meetings of Board of Directors

This Standard prescribes a set of principles for convening and conducting Meetings of the Board of Directors. This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under […]...

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Posted Under: Company Law |

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