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

Himalaya Textiles Ltd, a listed company, finalises its Board's report under section 134(3) for the year. The directors ask where the secretarial audit report should go. Under section 204, what must the company do?

The company must annex the secretarial audit report, given by a company secretary in practice, to the Board's report made under section 134(3). A listed company is covered by this duty, and the report cannot come from the in-house secretary.

  1. AAnnex the secretarial audit report, given by a company secretary in practice, to the Board's reportCorrect
  2. BFile the report only with the Registrar and keep it out of the Board's report
  3. CPlace the report before the general meeting without annexing it to the Board's report
  4. DObtain the report from the company's whole-time company secretary and annex it

Explanation

Section 204(1) requires every listed company to annex a secretarial audit report, given by a company secretary in practice, with the Board's report made under section 134(3). The in-house company secretary does not give this report, so the last option is wrong.

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