CMA Intermediate · Corporate Accounting and Auditing · Secretarial Audit
Under section 204 of the Companies Act, 2013, who is required to give the secretarial audit report that is annexed to the Board's report?
The secretarial audit report must be given by a company secretary in practice. Section 204(1) requires listed companies and other prescribed classes to annex it to the Board's report. A chartered accountant, cost accountant or employed company secretary is not the person named in the provision.
- AA company secretary in practiceCorrect
- BA chartered accountant in practice
- CA cost accountant in practice
- DThe company secretary employed by the company as KMP
Explanation
Section 204(1) requires a listed company and other prescribed companies to annex a secretarial audit report given by a company secretary in practice. An employed company secretary or other professionals are not the persons named in the section.
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