Secretarial audit & company secretaries employement ppt

Secretarial Audit & Company Secretaries in Employment

ORGANIZERS : GURGAON CHAPTER OF NIRC OF ICSI

08.08.2014Presented by : AJAY GARG,

Team AGBians

Pre – 1996 Era

1996- 2006 Era

Post – 2006 Era

Future Perfect


AJAY GARG, Team AGBians

Can Secretarial Audit transform this current situation?

Yes This will AJAY GARG,

Team AGBians




Issues at the Desk of

Company Secretaries in Employment


Which Laws will be covered ?

Only Company Law or Corporate Laws or all Laws



How much time Secretarial Audit will take ?

One Day, One Week or One Month



Which Type of PCS I shall Prefer? Seasoned Company Secretary or Fresher Company Secretary



What will happen to my job if SA report is qualified ?

Management is unlikely to appreciate qualified report



What fees is appropriate?

For Secretarial Audit



My Company don’t have Centralized Compliance Calendar

How shall I Prepare such calendar – Nobody to guide?



In my Company other departmental heads are reluctant to provide compliance information !

What to do?I have no other source to collect the information.



Why the fee quoted for Secretarial Audit is so high ?

Even I am thinking to jump into practice



What are right qualities to be good secretarial auditor?

How I will identify while selecting PCS?



My management is reluctant to shell out 2-3 Lacs Rs.And have asked me to appoint friendly Secretarial Auditor ?



What is the ideal time to appoint?

Right Now or after April, 2015



How Secretarial Auditor shall be appointed ?

By MD /Board / GM



Is there any benefit of Interim Review?

Law don’t talk about interim review



Why PCS are asking about No. of Manufacturing units, sales depots, other outlets Etc. before giving their quote ?

My management may not like to share information



How shall I convince the management and other departmental heads about the benefits of Secretarial Audit ?

Other than Legal requirements



Departmental Heads are postponing the free flow of Information and treat my reminders as wastage of their time!

How to convince them?



I don’t have any assistant , how will I cope with so much pressure ?

Management does not listen to my predicament



To confess nobody in my company know the exact number of laws applicable - neither my boss nor any other person in company has such list ?

How to prepare such list?



Periodic Compliances are still OK but how will I prepare the list of event based Compliances ?

As I am not informed about each and every event by Management



Is there any list of acts and compliances readily available in the market?

If not then who will prepare this, Me or Secretarial Auditor ?


Duty of company S204(2)

Give Assistance and Facilities to the Company Secretary in Practice

For Auditing the Secretarial and Related records of the Company



Ways to Ensure Compliance

• Compliance Calendar

• Alert or Reminders

• Excel Sheets

• E-mails

• Presentation

• Interactive Sessions AJAY GARG, Team AGBians


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• Notifications

•Formal Meetings with Departmental Heads

•Casual Meetings

•Newspaper Cuttings

•Formal Trainings AJAY GARG, Team AGBians





• Create Curiosity

• Create awareness about Roles & Responsibilities

• Awareness about Laws & Penal Provisions





Strengthening of Secretarial Dept

By way of inducting qualified / semi qualified staff

Carrying out Internal Audit sort of activity in-house

Updating of KnowledgeAJAY GARG,

Team AGBians



Penal provisions•Company•Every Officer of the Company•Company Secretary in Practice

Fine (Individually)Minimum Fine 1 LacMaximum Fine 5 LacAJAY GARG,

Team AGBians


Every Officer …DefinedS2(59)

•Director

•Manager

•Key Managerial Personnel

•Shadow/ Representative Director



Ajay Garg Team AGBians

[email protected]

09811386723

http://www.agbcorplegal.com/

Secretarial audit & company secretaries employement ppt

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