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 bought-back the preferential shares amounting ₹900 crore. In each of above event, describe the indicative list of documents to be checked.
Answer & Explanation:
Indicative list of documents to be checked for Buy-back of Shares/Securities: Articles of Association. Minutes of Board meeting. Minutes of General meeting. Notice authorising buy-back alongwith explanatory statement. Letter of offer (SH-8). Declaration of Solvency (SH-9). Register of shares/ other securities bought back (SH-10). Return of Buy-back (SH-11). Certification of Compliance (SH-15). MGT-14. Disclosures, Voting etc. results under SEBI (LODR) Regulations, 2015. Filling, Public Announcements, Letter of Offer etc. under SEBI (Buyback of Securities) Regulations, 2018.
Topics: Secretarial Audit
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