COMPLIANCE MANAGEMENT AND DUE DILIGENCE

12
PP-SACM & DD
(Issue and Listing of Debt Securities) Regulations, 2008 with regard to......... ;
(j) the Company has complied with the provisions of the Securities and Exchange Board of India
(Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act
and dealing with client;
(k) the Company has complied with the provisions of The Securities and Exchange Board of India
(Delisting of Equity Shares) Regulations, 2009 with regard to delisting of Equity shares from the
____ Exchange(s);
(l) the Company has complied with the provisions of the Securities and Exchange Board of India
(Buyback of Securities) Regulations, 1998 with regard to buy back of Equity shares.
(m) the Company has complied with the Guidelines on Corporate Governance for Central Public Sector
Enterprises, 2010.
(n) the Company has complied with Corporate Governance guidelines for Insurance Companies,
issued by IRDA in case of companies regulated by IRDA.
I further report that:
There are adequate systems and processes in the company commensurate with the size and operations of
the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.
Place: Signature
Date:
Name of Company Secretary/Firm:
ACS/FCS No.
C P No.:
Note: (a) The qualification, reservation or adverse remarks, if any, should be explicitly stated at the relevant
paragraphs above.
(b) Parawise details of the Audit findings, if necessary, may be placed as annexure to the report.
(c) The items listed above are inclusive and the list varies from company to company.
LESSON ROUND UP
• Secretarial Audit is the process of verification of compliance with rules, procedures, maintenance of books,
records etc. by an independent professional to monitor compliance with various legal requirements.
• Secretarial Audit not only ensures that the company has complied with the provisions of various laws but
also extends professional help to the company in carrying out effective compliances and establishment of
proper systems with appropriate checks and balances.
• Secretarial Audit can prove to be an effective and multipurpose mode to assure the regulator, generate and
repose confidence amongst the shareholders, creditors and other stakeholders in companies, assure
Financial Institutions, including state level Financial Institutions etc. and instill self regulation and
professional discipline in companies.
• Secretarial Audit is of immense benefit even to larger companies which otherwise have a whole-time
Company Secretary in its employment.
• Secretarial Audit is an area of practice for company secretaries which demands the expertise and