Understanding the Importance and Applicability Of Secretarial Audit

 A Secretarial Audit can play a crucial role in ensuring companies comply with the legal and procedural requirements stipulated by Indian Law. It is a comprehensive tool to verify and assess a company's compliance in relation to corporate law and secretarial standards. This allows organizations to maintain transparency and accountability. ASC Group is a leading provider of compliance and secretarial audit services. We ensure that your company remains compliant by focusing on its core business.

What is a secretarial audit ?

Secretarial Audits are independent audits conducted by an experienced Company Secretary. It determines if a company follows the relevant statutory requirements as well as good governance practices. Secretarial Audits are designed to help detect issues of non-compliance and mitigate risks while enhancing the credibility of an organization.

The importance of secretarial audit

1. Secretarial Audits Ensure Legal Compliance: Secretarial Audits ensure that the company adheres to the various corporate laws including the Companies Act 2013.

2. Improvements in Governance Standards: It helps businesses adopt better corporate governance by identifying gaps.

3. Enhances Credibility. A company with an unblemished Secretarial Audit report will attract investors, lenders and stakeholders. Its reputation will improve in the marketplace.

4. Early detection helps reduce legal penalties and liabilities.

5. Transparent compliance practices increase confidence among investors and other stakeholders.

Applicability in India of Secretarial audit

Section 204 Companies Act 2013 makes the Secretarial Audit mandatory for certain categories. The following are included:

1. Listed companies: All listed Indian companies must undergo a secretarial Audit.

2. Public Companies are companies that have a share capital paid-up of Rs. Public Companies: Public corporations with a paid up share capital of at least Rs. 250 crores and more.

3. Other Companies: Any other company that is prescribed by the Companies Act of 2013.

ASC Group Secretarial Compliance Services

ASC Group offers comprehensive solutions for Secretarial Auditing and Compliance, helping organizations:

  • Conducting a thorough audit of secretarial, corporate and financial records.
  • Identifying and suggesting measures to correct non-compliance.
  • Assure compliance with the Companies Act 2013, as well as other applicable regulations.
  • The Registrar of Companies will require you to file all necessary reports and forms.

Why choose ASC Group?

ASC Group's expertise in Secretarial Compliance & corporate advisory ensures compliance with all regulatory requirements. Our team is comprised of professionals with years of experience.

  • Comprehensive Secretarial Audit services.
  • Get customized solutions that meet your business requirements
  • Expert advice and timely reporting
You can hire a professional to do the job. Secretarial Services and Compliance Services Contact us ASC Group Contact us at 9999043311 today to ensure compliance in your organization!

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