FKZ Ltd. is a public limited company carrying business of manufacturing the electric products having a paid up capital of ₹75 crore and turnover of ₹250 crore as per latest audited financial statement. Answer the followi
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2019
FKZ Ltd. is a public limited company carrying business of manufacturing the electric products having a paid up capital of ₹75 crore and turnover of ₹250 crore as per latest audited financial statement. Answer the following: Explain the provision regarding appointment of the Secretarial Auditor.
Answer & Explanation:
As per Rule 8 of the Companies (Meetings of Board and its powers) Rules, 2014, read with Section 179 of the Companies Act, 2013, secretarial auditor/company secretary in practice is required to be appointed by means of resolution at a duly convened board meeting.
Topics: Secretarial Audit
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