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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Processes through Secretarial Standards

Bharat Auto Components Ltd is listed. The Board wants to know who must give the secretarial audit report annexed to the Board's report under section 204 of the Companies Act, 2013.

The secretarial audit report must be given by a company secretary in practice. Section 204(1) requires every listed company, and prescribed classes of companies, to annex it to the Board's report, so neither the in-house secretary nor the statutory auditor can give it.

  1. AA company secretary in practiceCorrect
  2. BThe whole-time company secretary of the company
  3. CThe statutory auditor of the company
  4. DThe chairperson of the Audit Committee

Explanation

Section 204(1) says a listed company must annex a secretarial audit report given by a company secretary in practice. The in-house secretary lacks the independence, and the statutory auditor and committee chair are not named in the section.

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