Lawgist204Secretarial audit for bigger companie
(1) Every listed company and a company belonging to other class of companies as may be prescribed shall annex with its Boards report made in terms of sub-section (3) of section 134, a secretarial audit report, given by a company secretary in practice, in such form as may be prescribed.
(2) It shall be the duty of the company to give all assistance and facilities to the company secretary in practice, for auditing the secretarial and related records of the company.
(3) The Board of Directors, in their report made in terms of sub-section (3) of section 134, shall explain in full any qualification or observation or other remarks made by the company secretary in practice in his report under sub-section (1).
(4) If a company or any officer of the company or the company secretary in practice, contravenes the provisions of this section, the company, every officer of the company or the company secretary in practice, who is in default, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.
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- 196 Appointment of managing director, whole-time director or manager
- 197 Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits
- 198 Calculation of profit
- 199 Recovery of remuneration in certain case
- 200 Central Government or company to fix limit with regard to remuneratio
- 201 Forms of, and procedure in relation to, certain applications
- 202 Compensation for loss of office of managing or whole-time director or manager
- 203 Appointment of key managerial personnel
- 204 Secretarial audit for bigger companie
- 205 Functions of company secretary
