Secretarial audit

---------- Forwarded message ----------
From: BIPIN ACHARYA <bipinsacharya@gmail.com>
Date: Tue, May 25, 2010 at 7:36 AM
Subject: [CS_yahoogroups) Secretarial Audit recommended under MCA Corporate Governance Voluntary Guidelines, 2009
To: cs <charteredsecretaries@yahoogroups.co.in>, company_secretary@yahoogroups.com
Cc: president@icsi.edu, secretary@icsi.edu

 

Dear friends,

Three developments deserving to be noted:

[1] May, 2010 issue of Chartered Secretary may not have reached many
members like me. But, the same is now placed on ICSI website. It has
published the Exposure Draft on Secretarial Audit without mentioning
any time/date/period by which members have to submit their
suggestions.

[2] June issue of Chartered Secretary was to be a Special Issue on
Secretarial Audit. Now, the same has been postponed to July, 2010.

[3] When will ICSI finalise the format of Secretarial Audit for its
members to follow?

[4] Companies do not visit MCA Website to know as to what is placed
thereon. At the most, they visit MCA website when they have to
fill-in, sign, get certified and upload any e-Form , especially to
download the latest version of respective e-Form. Generally speaking,
most of the companies would be visiting MCA website within one month
after their general meetings are held. At that time, they might find
Corporate Governance Voluntary Guidelines, 2009 on the portal. By that
Annual Reports would not only be finalised, approved, adopted and
ripen for uploading. Who is to make these Guidelines including
Secretarial Audit Report known to them? Their Chambers of Commerce?
ICSI ? Practising professionals ?........By December, 2010, MCA would
be reviewing the adoption/non-adoption of MCA Guidelines including
Secretarial Audit Report. Taking all these facts, factors, aspects,
acts, omissions into account, my dear friends, is it not imperative
that we, practising company secretaries, employed company secretaries
swing into action and brief our client/employer companies to prompt
the companies covered to comply in these matters?

Please act fast, responsibly, in own interest and deliver.

If not,
we get what we deserve and start deserving what we get.

bipin

--
Bipin S. Acharya
Practising Company Secretary
CP 8 FCS 424
B/3, Ripple Apartments,
Near Hindu Mahila Milan Mandir,
Narayan Nagar,
Paldi, Ahmedabad- 380007
Ph: (079) 32516425
Mibile: 09327046425
email: bipinsacharya@gmail.com
bipinsacharya@yahoo.com

"You can if you think you can."
"You can not change what you will not confront."