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 Chennai held that non-filing of the secretarial audit report violates Section 204. Directors were penalised for prolonged non-...
Company Law : The adjudication confirms that non-appointment of a secretarial auditor is a serious compliance breach. COVID-related explanations...
Company Law : The adjudicating authority held that exceeding the ₹100 crore borrowing threshold makes secretarial audit compulsory. Failure to...
Company Law : The Ministry of Corporate Affairs' Regional Director modified penalties against Virupaksha Organics Limited and its directors fo...
Company Law : Anheuser Busch InBev India penalized ₹1,50,000 for violating Section 118 of the Companies Act, 2013, related to secretarial stan...
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.
The Ministry of Corporate Affairs’ Regional Director modified penalties against Virupaksha Organics Limited and its directors for non-appointment of KMPs, excluding non-executive directors.
Listed entities must file an annual secretarial compliance report covering adherence to SEBI regulations, prepared by a company secretary.
Anheuser Busch InBev India penalized ₹1,50,000 for violating Section 118 of the Companies Act, 2013, related to secretarial standards in Board meetings.
The MCA fined Anheuser Busch InBev India ₹1.5 lakh for non-compliance with Section 118(10) of the Companies Act, 2013, regarding secretarial standards from FY 2020–2023.
Regional Director, Eastern Region, modifies penalty for secretarial audit violations under Section 204, reducing it to ₹32 lakh from ₹48 lakh.
