Section 204 of Companies Act 2013-Secretarial Audit for Bigger Companies.
Section 204(1) of Companies Act 2013
Every listed company and a company belonging to other class of companies as may be prescribed shall annex with its Board’s 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.
Section 204(2) of Companies Act 2013
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.
Section 204(3) of Companies Act 2013
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).
Section 204(4) of Companies Act 2013
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 comapny or the company secretary in practice, who is in default, shall be liable to a penalty of two lakh rupees.
Discover more from Companies Act 2013
Subscribe to get the latest posts sent to your email.