You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that Company has made the following major acti
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2021
You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that Company has made the following major activity: Company has issued 50000 Sweat Equity Shares to X, the promoter and co-founder of the Company. In each of above event, describe the indicative list of documents to be checked.
Answer & Explanation:
Indicative list of documents to be checked for Issue of Sweat Equity Shares: Minutes of Board Meeting. Notice of general meeting Special Resolution with Explanatory Statement. Minutes of General meeting. Valuation Report of shares and technical knowhow. Intimations, Disclosures, voting results etc. under SEBI (LODR) Regulations, 2015. Intimations and Closing window as per SEBI (PIT), Regulations, 2015. Disclosures, certificates etc as per SEBI (Issue of Sweat Equity) Regulations, 2002. Board's Report. SH-3. PAS-3, MGT-14.
Topics: Secretarial Audit
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