TMI BlogFormat for annual secretarial audit report and annual secretarial compliance report for listed entities and their material subsidiariesX X X X Extracts X X X X X X X X Extracts X X X X ..... 2017, recommended the following in view of the criticality of secretarial functions to efficient board functioning: a. Secretarial audit to be made compulsory for all listed entities under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Regulations ) in line with the provisions of the Companies Act, 2013. b. Secretarial audit to be extended to all material unlisted Indian subsidiaries in line with the recommendations of the Committee on strengthening group oversight and improving compliance at a group level for listed entities. 2. The aforesaid recommendations were accepted and in order to implement the same, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpliance of all applicable SEBI Regulations and circulars/ guidelines issued thereunder, consequent to which, the PCS shall submit a report to the listed entity in the manner specified in this circular. (ii) The format for the annual secretarial compliance report is placed at Annex-A. (iii) The annual secretarial compliance report in the aforesaid format shall be submitted by the listed entity to the stock exchanges within 60 days of the end of the financial year. c. The listed entities and their material subsidiaries shall provide all such documents/information as may be sought by the PCS for the purpose of providing a certification under the Regulations and this circular. 4. ICSI may consider issuing a guidance note to Pract ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e documents and records made available to us and explanation provided by [●] [Name of the listed entity] ( the listed entity ), (b) the filings/ submissions made by the listed entity to the stock exchanges, (c) website of the listed entity, (d) any other document/ filing, as may be relevant, which has been relied upon to make this certification, for the year ended [●] ( Review Period ) in respect of compliance with the provisions of : (a) the Securities and Exchange Board of India Act, 1992 ( SEBI Act ) and the Regulations, circulars, guidelines issued thereunder; and (b) the Securities Contracts (Regulation) Act, 1956 ( SCRA ), rules made thereunder and the Regulations, circulars, guidelines issued thereunder ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ulations and circulars/ guidelines issued thereunder, except in respect of matters specified below:- Sr. No Compliance Requirement (Regulations/ circulars / guidelines including specific clause) Deviations Observations/ Remarks of the Practicing Company Secretary (b) The listed entity has maintained proper records under the provisions of the above Regulations and circulars/ guidelines issued thereunder insofar as it appears from my/our examination of those records. (c) The following are the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Note: 1. Provide the list of all the observations in the report for the previous year along with the actions taken by the listed entity on those observations. 2. Add the list of all observations in the reports pertaining to the periods prior to the previous year in case the entity has not taken sufficient steps to address the concerns raised/ observations. E.g. In the report for the year ended 31st Mar, 2021, the PCS shall provide a list of: all the observations in the report for the year ended 31st Mar, 2020 along with the actions taken by the listed entity on those observations. the observations in the reports pertaining to the year ended 31st Mar,2020 and earlier, in c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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