CompaniesAct.in: Graduated Secretarial Audit
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The Companies Act 2013 provides for compulsory Secretarial Audit by certain class of Companies and annexing of same with the Board Report, which is circulated to all the shareholders. The present Companies Act, 1956 provides for Compliance Certificate to be issued by a Company Secretary in practice and annexed to Board Report by certain class of Companies. With the introduction of Secretarial Audit, the scope of already existing complaince certificate stands widened. The Board of Directors also has to explain in its Board Report to every qualification, reservation or adverse remark or disclaimer made by the Company Secretary in his Secretarial Audit Report.

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