ABC Ltd. has got the licence for setting up of a Rubber enterprise in State of Tamil Nadu. While providing the environmental clearance, Ministry of Environment, Forest and Climate Change imposes the condition for audit t
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2019
ABC Ltd. has got the licence for setting up of a Rubber enterprise in State of Tamil Nadu. While providing the environmental clearance, Ministry of Environment, Forest and Climate Change imposes the condition for audit to check the compliances of norms issued with respect to environment. The company engages C & Co. Practicing Company Secretary (PCS) for this specific purpose. Prepare a note on Environmental Due Diligence as the PCS.
Answer & Explanation:
From: C & Co. Company Secretary in Practice To: ABC Ltd. Subject: Environment Due Diligence for setting up of a Rubber enterprises in the State of Tamil Nadu. Dear Sir, We need your kind attention that audit of the compliance of environment norms and the environmental due diligence is scheduled on __________. In this regard, we request you to please avail the following documents and records for audit on the schedule dates: List of environmental permits and licenses and validities of the same All correspondence and notices with Environment Protection Agencies, state, or local regulatory agencies Whether the company's disposal methods of various by products are in sync with the regulatory guidelines. Whether there are any contingent environmental liabilities or continuing indemnification obligations. We further inform you that as a part of the Environmental due diligence process, we will also review and prepare the detailed assessment report based on the historic, current and potential future environmental risks associated with the proposed locations at Tamil Nadu and for its operations. The process involve the risk identification and assessment with respect to: Environmental setting and history of the site Assessment of the site conditions Operations and management of sites Confirmation of legal compliance and pollution checks from regulatory authorities etc. Accordingly, We request you to please provide the records and available for the Audit on the scheduled dates. Regards, CS_________ C & Co. Company Secretary in Practice
Topics: Environmental Due Diligence
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