Justify the following statement:

A secretarial Audit is required under the laws.

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1 Answers

  • It is an audit that checks the compliance of various legislation including the Companies Act, other Corporate Acts, and economic laws.
  • It aims at detecting errors and mistakes in the compliance mechanisms.
  • It gives confidence to regulators, management authorities, and shareholders that the company is following a disciplined approach of evaluation and improve effectiveness and risk management.
  • Thus, Secretarial Audit is required under the laws.

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