Secretarial Audit

Secretarial Audit is a critical compliance requirement mandated under the Companies Act, 2013 for certain classes of companies. It serves as an independent verification of the company’s adherence to various compliance requirements. The audit ensures transparency in corporate governance norms and enhances stakeholders' confidence in the company.

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Applicability of Secretarial Audit as per the Companies Act, 2013

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As per Section 204 of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the following companies shall obtain a secretarial audit report from a Company Secretary in Practice:

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► Listed companies

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► Public companies​

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• having a paid-up share capital of INR 50 Cr or more.

• having a turnover of INR 250 Cr or more.​​​​

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► Every other company

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having outstanding loans or borrowings from banks or public financial institutions of INR 100 Cr or more.

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Our Scope of Secretarial Audit Services

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At SDA, we offer a comprehensive Secretarial Audit services, ensuring that your company not only complies with the statutory requirements but also adopts the best recommended practices of corporate governance. 

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Our offerings in this regard are as follows:

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• Detailed Examination: Conducting a thorough review of company’s records, operations, and processes to ensure compliance with the Companies Act, 2013, SEBI Regulations and other applicable laws.

• Secretarial Audit Report: Preparing and issuing the Secretarial Audit Report (Form MR-3), providing an objective review of your statutory compliances.

• Corporate Governance Advisory: Advising on corporate governance practices and compliance with SEBI regulations, enhancing company’s transparency and accountability.

• Board Processes Review: Reviewing board procedures and ensuring compliance with secretarial standards issued by the ICSI.

• Corrective Action Assistance: Identifying non-compliance areas, advising on corrective measures, and assisting in remediation.

• Statutory Registers Maintenance: Review of statutory registers and records, ensuring all documentation is up-to-date, compliant & accurate.