You are recently appointed as Secretarial Auditor of Alloy Tools Limited, an unlisted public company for Secretarial Audit for financial year 2017-18. What are the specific events/actions having major bearing on the comp
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2017
You are recently appointed as Secretarial Auditor of Alloy Tools Limited, an unlisted public company for Secretarial Audit for financial year 2017-18. What are the specific events/actions having major bearing on the company's affairs in pursuance of the applicable laws, rules, regulations, guidelines, standards etc. are required to be reported while preparing Secretarial Audit Report.
Answer & Explanation:
The Secretarial Audit Report shall include the details of specific events/actions having a major bearing on the company's affairs in pursuance of the applicable laws, rules, regulations, guidelines, standards, etc. These are few points that would be incorporated while preparing the secretarial Audit Report: Public/Right/Preferential issue of shares/debentures/sweat equity, etc. Redemption/buy-back of securities Major decisions taken by the members in pursuance to Section 180 of the Companies Act, 2013 Merger/amalgamation/reconstruction, takeovers etc. Foreign technical collaborations, joint ventures Board Restructuring and changes in top management.
Topics: Secretarial Audit
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