Secretarial Audit

A Secretarial Audit is a compliance audit that checks whether a company follows applicable corporate laws and regulations.

A qualified Practicing Company Secretary conducts the audit.

Yes, it is mandatory for certain companies under the Companies Act, 2013.

The purpose is to ensure legal compliance and improve corporate governance.

It generally covers the Companies Act, SEBI Regulations, FEMA, and other applicable laws.

Non-compliance may result in penalties, notices, prosecution, or director disqualification.

Usually once every financial year.

The report includes observations, compliance status, and recommendations.

Yes, voluntary audits help improve compliance management.

Board minutes, statutory registers, ROC filings, financial records, and compliance documents are commonly required.

The timeline depends on the size and compliance status of the company.

These are standards issued by ICSI governing board meetings and general meetings.

Yes, investors prefer companies with proper compliance records.

Yes, corrective actions and delayed filings can often be completed.

Certain startups may require it depending on turnover and legal applicability.

Yes, ROC and other authorities may issue notices for violations.

Yes, it promotes transparency and accountability.

Professionals ensure accurate filings, timely compliance, and reduced legal risks.

BizGlobal offers end-to-end secretarial compliance and audit support for businesses across India.