Company Secretarial Audit - Price: Rs. 0

Introduction

Company secretarial audit is a vital compliance mechanism that evaluates whether a company is following corporate laws, regulatory guidelines, and governance standards in India. Conducted by a qualified practicing company secretary, this audit ensures that statutory records, filings, and internal processes are aligned with legal requirements. Regular company secretarial audit not only helps identify compliance gaps but also strengthens transparency and corporate governance. At www.corpzo.com
, we provide expert support to businesses in managing secretarial audit requirements efficiently.

What is a Company Secretarial Audit?

A company secretarial audit is an independent verification of a company’s compliance with applicable laws such as the Companies Act, SEBI regulations, FEMA, and other corporate laws. It focuses on examining statutory registers, board procedures, disclosures, and filings to ensure regulatory adherence.

Applicability of Secretarial Audit

Secretarial audit is mandatory for listed companies and certain prescribed classes of unlisted public companies. In many cases, private companies also voluntarily opt for this audit to improve governance practices and ensure legal preparedness.

Scope of Company Secretarial Audit

The audit covers a wide range of compliance areas, including corporate governance, board and committee meetings, maintenance of statutory records, and timely filing of returns with regulatory authorities.

Regulatory and Legal Compliance

The auditor checks compliance with corporate, securities, labor, and economic laws applicable to the company’s operations.

Secretarial Audit Process

The process begins with the appointment of a practicing company secretary, followed by verification of records, interviews with management, and compliance checks. Observations are documented in the secretarial audit report, highlighting non-compliances and corrective actions.

Documents Reviewed During Audit

Key documents include statutory registers, minutes of meetings, annual returns, financial disclosures, and regulatory filings. Proper record maintenance facilitates smooth audit execution.

Benefits of Company Secretarial Audit

Secretarial audit enhances compliance discipline, reduces legal risks, and improves stakeholder confidence. It also helps companies detect potential non-compliances early and take corrective measures proactively.

Consequences of Non-Compliance

Failure to conduct mandatory secretarial audit can result in penalties, regulatory action, and reputational damage. Non-compliance may also impact investor trust and business credibility.

How CorpZo Supports Secretarial Audit

CorpZo offers comprehensive secretarial audit support, including pre-audit compliance review, documentation assistance, audit coordination, and post-audit advisory. Our experts help businesses align operations with legal requirements efficiently.

Conclusion

A company secretarial audit is more than a statutory requirement—it is a strategic tool for ensuring corporate compliance and governance excellence. Timely and accurate audits protect businesses from regulatory risks and strengthen organizational transparency. At www.corpzo.com
, we provide reliable solutions for company secretarial audit, helping businesses stay compliant and audit-ready at all times.

Frequently Asked Questions (FAQs)

Q1. Is secretarial audit mandatory for all companies?
No, it is mandatory for listed companies and certain unlisted public companies as prescribed by law.

Q2. Who can conduct a company secretarial audit?
Only a practicing Company Secretary holding a valid certificate of practice can conduct the audit.

Q3. How often is secretarial audit conducted?
Secretarial audit is conducted annually as part of statutory compliance.

Q4. What happens if secretarial audit is not conducted?
Non-compliance can lead to penalties and regulatory action under the Companies Act.

Q5. Does CorpZo assist with post-audit compliance?
Yes, CorpZo provides corrective action support and ongoing compliance advisory services.