19 June 2015
Under the Companies Act, 1956 if paid-up share capital is less than Rs. 10 crores, but Rs. 10 lakhs or more, then it shall obtain a compliance certificate from a Company Secretary and: -File it with the Registrar of Companies (“ROC“) in Form 66, -Annex it to the report of the Board of directors, and present it before members in the AGM
Under Companies Act, 2013 all listed companies and the following categories of companies must file a secretarial audit report which has to be submitted along with the Board Report in Form No MR.3 to the Registrar of Companies. a) a public company having a paid up capital of more than fifty crores or more, or, b) a public company having a turnover of two hundred fifty crores rupees or more
And Private companies have been exempted from the provision of the concept of secretarial audit.
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