What are the special events which are required to be reported under Secretarial Audit Report ?
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2022
What are the special events which are required to be reported under Secretarial Audit Report ?
Answer & Explanation:
The Secretarial Auditor should report all events/actions having major bearing on Company's affairs/Governance in pursuance of the applicable laws, rules, regulations, guidelines, standards, etc. An event/action that may be considered having major bearing on Company's affairs includes the following: Events/actions altering the charter documents of the Company. Changes in the Capital structure of the company. Change in the affairs/management of the company. Change in the licensing or permission for the business operation of the company. Capacity expansion and utilization of the company. Sale/ Disposing of the substantial assets of the company. Entering in to Joint ventures agreements etc.
Topics: Secretarial Audit
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