State the importance of Secretarial Audit?

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Importance of Secretarial Audit:

  • It provides a mechanism that monitors the compliance requirements. 
  • It detects errors and mistakes in compliance with companies’ rules and regulations mechanism. 
  • It prevents the company from the risk and losses due to non-compliance. 
  • It builds the confidence of regulators, management, and stakeholders. 
  • Investors feel relaxed that the company is following a disciplined approach towards management.
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