During the Secretarial Audit, a Company Secretary in practice has to check the various compliances of the Law. Explain the following compliance requirement relating to the Private companies under Companies Act, 2013: (i)

Certification of Annual Return As per Section 92 read with Rule 11(2) of Companies (Management and Administration) Rules, 2014, Form MGT-8 is required for certification of Annual Return. The annual return filed by a listed company or a company having paid up share capital of ₹10 Crores or more or turnover of ₹50 crores or more shall be certified by a Company Secretary in Practice stating that the annual return discloses the facts correctly and adequately and that the company has complied with all the provisions of the Companies Act, 2013.