The Institute of Company Secretaries of India (ICSI) of September 06, 2023, issued the advisory for ensuring compliance with various regulations/circulars issued by the Securities Exchange Board of India (SEBI) and the stock exchanges.
The following has been stated namely: -
• The Company Secretaries in Practice have been recognised for issuance of Certificates, Reports, and conduct audit.
• The Company Secretaries in Practice are advised to thoroughly check the minutest regulatory compliance on the part of the client, maintain updated checklists to cross verify the compliances and be inquisitive w.r.t. compliances.
• All Company Secretaries in Practice are further expected to also report the non-compliances of the applicable provisions, penalties imposed and show cause notices served, during the period under review, to the company or its directors & KMP either by the SEBI, MCA, RBI, Stock Exchanges or any other Regulator, to reflect the true picture of the governance standards.
