Audit ensures that Indian law is followed by companies. It's a comprehensive system that helps companies maintain transparency and accountability. ASC Group provides services that ensure compliance with corporate laws and secretarial standards.
What is a Secretarial Audit?
Secretarial auditors conduct an independent review of a company's internal controls. It determines whether or not a company adheres to the relevant statutory provisions and follows good governance. Secretarial Audits have as their primary objective to detect noncompliance problems, reduce risk, and increase the credibility for the company.
Importance and importance of Secretarial Audit1.
1. Secretarial Audits: Secretarial Audits are designed to ensure legal compliance. They do this by ensuring that the business complies with laws and regulations, including the Companies Act.
2. Improved Governance Standards : By identifying gaps and recommending improvements, the software helps companies improve their corporate governance.
3. Enhances Credibility. Companies with a good Secretarial Audit report are more attractive to investors, lenders, stakeholders and improve their reputation in the market.
4. Reduced Risks: Early detection and mitigation of potential legal liabilities can help mitigate penalties.
5. Transparent compliance is a key factor in boosting confidence among stakeholders.
Applicability to Secretarial Auditors in India
Section 204 Companies Act 2013, 2013 (the Companies Act) makes it mandatory that certain categories companies perform a Secretarial Audit. Included are:1. Listed Company: All listed India companies are required by law to perform a Secretarial Audit.2. Public Companies. These are companies with share capitals of at least Rs. Public Companies : Public companies having a paid-up capital of Rs. 250 crores of revenue or more3. Other Companies: Any companies that are prescribed by the Companies Act.
ASC Group Secretarial Compliance Services
ASC Group delivers end-to-end Secretarial Audit and Compliance solutions, assisting organisations in:
Why choose ASC Group
ASC Group is a group of professionals with years of experience in Secretarial Compliance. They also provide corporate advisory to ensure that you are compliant with all regulations. Our team of experts provides:
Professional - Secretarial Assurance and Compliance Services Reach out ASC Group Call 9999043311 now to verify your compliance!