{"id":1440,"date":"2021-03-26T09:38:44","date_gmt":"2021-03-26T09:38:44","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=1440"},"modified":"2021-03-26T09:38:46","modified_gmt":"2021-03-26T09:38:46","slug":"secretarial-audit-company-secretary-in-practice","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/secretarial-audit-company-secretary-in-practice\/","title":{"rendered":"Secretarial Audit &#038; Company Secretary In Practice"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_199541387-1024x683.jpg\" alt=\"\" class=\"wp-image-1444\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_199541387-1024x683.jpg 1024w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_199541387-300x200.jpg 300w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_199541387-768x512.jpg 768w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_199541387-1536x1024.jpg 1536w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_199541387-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Secretarial Audit was initiated by MCA under section 204 of the Companies Act, 2013read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Secretarial Audit is a process by which the compliances with the provisions of various laws and rules\/regulations\/procedures, maintenance of books, records, etc., are duly checked by the independent practicing Company Secretary.The audit process ensures timely compliance and eliminates any un-intended non-compliance of various applicable rules and regulations by the company.<\/p>\n\n\n\n<p>A Company Secretary in practice is a professional who is well-versed in matters of statutory, legal procedural, and practical aspects of laws applicable to companies (both listed and unlisted public and private companies). A strong knowledge base developed during the ICSI Course makes him a competent professional to conduct Secretarial Audit. As per subsection 1 of section 204, Secretarial Audit and furnish Secretarial Audit Report in form MR-3 can be conducted by the members of the Institute of Company Secretaries of India who are holding certificates of practice (i.e., PCS).<\/p>\n\n\n\n<p><strong>Limits for Applicability:<\/strong><\/p>\n\n\n\n<p>According to Section 204 of the companies act, 2013 the secretarial audit applies to the following companies:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"716\" height=\"215\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-8.png\" alt=\"\" class=\"wp-image-1442\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-8.png 716w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-8-300x90.png 300w\" sizes=\"auto, (max-width: 716px) 100vw, 716px\" \/><\/figure>\n\n\n\n<p>The Report for the Secretarial audit shall be in Form MR-3 as prescribed under sub-rule (2) of rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-9.png\" alt=\"\" class=\"wp-image-1443\" width=\"580\" height=\"741\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-9.png 596w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-9-235x300.png 235w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><\/figure>\n\n\n\n<p><strong>This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. <a href=\"https:\/\/www.akgvg.com\/\">AKGVG &amp; Associates<\/a> does not intend to advertise its services through this.<\/strong><\/p>\n\n\n\n<p>Posted by: CA Neetu Saini<\/p>\n\n\n\n<p><a href=\"https:\/\/www.akgvg.com\/\"><strong>AKGVG &amp; Associates<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Secretarial Audit was initiated by MCA under section 204 of the Companies Act, 2013read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Secretarial Audit is a process by which the compliances with the provisions of various laws and rules\/regulations\/procedures, maintenance of books, records, etc., are duly checked by the independent practicing Company Secretary.The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[323,343,463,470,469,277],"class_list":["post-1440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-secretarial-services","tag-akgvg","tag-akgvg-associates","tag-cafirm","tag-company-secretary","tag-secretarial-audit","tag-secretarial-support"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=1440"}],"version-history":[{"count":1,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1440\/revisions"}],"predecessor-version":[{"id":1445,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1440\/revisions\/1445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/1444"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=1440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=1440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=1440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}