The provision of Secretarial Audit specifies that:
- Every listed company and a company belonging to other class of companies as may be prescribed shall annex with its Board’s report made in terms of sub-section (3) of section 134, a secretarial audit report, given by a company secretary in practice, in such form as may be prescribed.
- It shall be the duty of the company to give all assistance and facilities to the company secretary in practice, for auditing the secretarial and related records of the company.
- The Board of Directors, in their report made in terms of sub-section (3) of section 134, shall explain in full any qualification or observation or other remarks made by the company secretary in practice in his report under sub-section (1).
- The Board of Directors, in their report made in terms of sub-section (3) of section 134, shall explain in full any qualification or observation or other remarks made by the company secretary in practice in his report under sub-section (1).
In view of the above provision the Institute of Company Secretaries of India have come out with the FAQ’s on Secretarial Audit which will help the professionals in deriving the best of the quality while undertaking such audit.
Please click on the below link to follow the FAQ’s.
FAQ’s on Secretarial Audit under Companies Act, 2013
