Advertisements
Advertisements
Question
Explain the following Term/Concept:
Secretarial Audit
Advertisements
Solution
(1) Secretarial Audit is an audit to check implementation (compliance) of various legislations including the Companies Act and other corporate and economic laws applicable to the company. It is a mechanism to monitor compliance requirements. It aims at detecting mistakes or errors in the compliance mechanisms.
(2) Secretarial Audit helps the company to avoid risks and losses due to non-compliance. It creates confidence among regulators, management, and stakeholders that the company is following a disciplined approach of evaluation and improve effectiveness, risk management, control, and governance.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
To provide guidance to Board is _____ duty of company Secretary
Select the correct answer from the options given below and rewrite the statement.
Only a member of ________ Can be a practicing Company Secretary
Write a word or a term or a phrase which can substitute the following statement:
Agents, Trustees and Managing Partners of the company.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-3
Correct the underlined word and rewrite the following sentence:
First Directors are appointed by ROC.
Correct the underlined word and rewrite the following sentence:
Secretarial Standards are given by the Companies Act, 2013.
Explain the following Term/Concept:
Executive Director.
Explain the following Term/Concept:
Alternate Director.
Explain the following term/concept:
The Board of Directors
Distinguish between the following:
Managing director and Manager
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
Justify the following statement:
Directors play a triple role.
Justify the following statement:
Company Secretary plays a triple role.
Justify the following statement:
Managing Director has substantial powers of management.
Answer the following question:
Explain the role of the Company Secretary.
Write a word or a term or a phrase which can substitute of the following statement.
This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs document of company requiring authentication by company.
