Secretarial Audit

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Secretarial Audit
Enterslice.com
End to End Compliance review Mandatory for
Certain Types of company EAT 60 days
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Secretarial Audit
Enterslice.com
About Us
Enterslice is Award Winning Legal Technology
Company that helps entrepreneurs start and manage
their business in India. Whether you are starting
a new business or already an established firm,
Enterslice has out of the box tailor-made
solutions for you. Enterslice Advisory is your
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We help you define and execute key growth hacking
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launch experience, bring new products and
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From strategy review of a Business and
development to hands-on implementation, we help
Entrepreneurs achieve long-term growth.
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Secretarial Audit
What is Secretarial Audit in India?
Secretarial audit is done in order to verify the
compliance of various legislation including the
Companies Act and other corporate and economic
laws applicable to the company. In India,
following companies are required to conduct
secretarial audit and obtain secretarial audit
report as per section 204 of the Companies Act
2013 read with Rule 9 of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 Every listed
company Every public company having paid up share
capital of 50 crore rupees or more or Every
public company havingturnover of 250 crores or
more According to section 2(91) of the
Companies Act, 2013, Turnover implies the
aggregate value of the realization of amount made
from the sale, supply or distribution of goods or
on account of services rendered, or both, by the
company during a financial year. Companies
falling under this criteria required to annex
secretarial audit report with the board report.
However companies which are not falling under the
above-mentioned criteria may obtain secretarial
audit report voluntarily as it will provide an
independent assurance of the compliances by the
company.
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Secretarial Audit
Now lets talk about, who is eligible to conduct
secretarial audit in India?
According to section 204(1) of Companies Act
2013, secretarial audit can be conducted by only
a member of the Institute of Company Secretaries
of India holding certificate of practice (company
secretary in practice) and furnish the
Secretarial Audit Report in form MR-3 to the
company. Company secretary who is employed and
not in whole time practice is not eligible to
conduct secretarial audit. There is no
restriction has been placed by the Institute of
Company Secretaries of India regarding the number
of audits that can be conducted by Company
Secretary in Practice in one financial
year. Secretarial Audit is a comprehensive review
of all the laws, statutes and legislation
applicable on the company. In conducting
secretarial audit, company has to comply with a
number of rules and regulations based on its area
of operations. Company secretary is considered as
the statutory watchdog of the corporate world, it
has always been the duty of the Company Secretary
to make sure that all the laws and rules are
being followed by the management. Secretarial
Audit helps the Company Secretary to take into
account all the non-compliances in a company and
to take preventive actions in a company to avoid
any kinds of frauds and errors.
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Secretarial Audit
Enterslice.com
Why Enterslice?
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Secretarial Audit
Enterslice.com
Contact Us
India Noida Branch E 57 Sector 63 Noida U.P.
201301 Uttar Pradesh
Phone-98106 88728
URL- https//enterslice.com/secretarial-audit-in-
india
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Secretarial Audit
Enterslice.com
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