Volume : VI, Issue : VIII, August - 2017

Introduction to secretarial audit under companies act, 2013

Gurcharn Singh, Goldy Mahajan

Abstract :

 Secretarial Audit is a mechanism which gives necessary comfort to the management, regulators and the stakeholders, as to the compliance by the company of applicable laws and the existence of proper and adequate systems and processes in the company. Submission of Secretarial Audit Reports for the prescribed companies was mandated with effect from financial year 2014–15 under section 204 of the Companies Act, 2013.This paper endeavours knowledge about secretarial audit and its applications as per companies act, 2013. It also seeks to balance the limited liability of shareholders with the unlimited liability of the company as well as the interests of the present with that of the future. Timely examination of compliance reduces risks as well as potential cost of non– compliance and also builds better corporate image. This papers describes the key points and knowledge regarding the various concepts associated with the important audit i.e., secretarial audit .

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Gurcharn Singh, Goldy Mahajan, Introduction to secretarial audit under companies act, 2013, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : VOLUME-6 | ISSUE-8 | AUGUST‾2017

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