What records and information a Company Secretary has to verify to check compliances regarding loans to directors and related party transactions of the company?
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2016
What records and information a Company Secretary has to verify to check compliances regarding loans to directors and related party transactions of the company?
Answer & Explanation:
The following records and information should be verified by the Company Secretary in light of the provisions of Companies Act, 2013: Minutes of Board Meeting Minutes of Audit Committee Meeting Minutes of General Meeting Register of Contracts and Arrangements in Which Directors are interested maintained in Form MBP - 4 under Section 189 Form MBP-1 (Disclosure by Directors).
Topics: Compliance Management
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