Secretarial Audit under Section 204 of the Companies Act, 2013, and SEBI's LODR, SAST, and Insider Trading regulations, with a blue-chip audit track record including United Spirits, TATA Coffee, Britannia Subsidiaries, TD Power Systems, Adventz Group, and SIS Group.

Secretarial Audit: Independent, Thorough & Credible

Secretarial Audit under Section 204 of the Companies Act, 2013 requires an independent examination of a company’s compliance record across all applicable laws by a Practicing Company Secretary. Sudhir Hulyalkar & Co. adopted secretarial audit practice from the year of its introduction in 2014, and is among the more experienced secretarial audit practices in Karnataka. The firm has served as Secretarial Auditor to listed and unlisted public companies including United Spirits (UB Group), TATA Coffee, Britannia Subsidiaries, TD Power Systems, Adventz Group, and SIS Group companies.

The firm’s secretarial audit covers compliance under the Companies Act, 2013, SEBI Regulations — including the LODR, SAST, Insider Trading Regulations, and ICDR — FEMA, and all other applicable laws and regulations. The audit examines board and shareholder meeting records, statutory registers, capital transaction filings, corporate governance disclosures, and all regulatory submissions made during the audit period. The audit report is issued in Form MR-3 with qualifications, observations, and remediation recommendations where compliance gaps are identified.

Audit Scope & Reporting

In addition to the mandatory secretarial audit, the firm conducts specialised audits in several areas: listing regulation compliance audits, CSR compliance verification, industrial audits covering Environment, Health, and Safety laws, and comprehensive due diligence audits for mergers, acquisitions, joint ventures, and financing transactions. Each engagement is conducted with reference to the full applicable regulatory framework for the company's sector and structure.
01

Audit Planning

Defining the audit scope, applicable period, relevant regulations, and documentation requirements based on the company's profile, listing status, and sector of operation.
02

Audit Execution

Systematic examination of all board and shareholder meeting records, statutory filings, registers, capital transactions, governance disclosures, and regulatory compliances across the audit period.
03

Report & Certification

Issuing the Secretarial Audit Report in Form MR-3, with qualifications, observations, and recommendations for remediation of any compliance gaps identified.

Scope of Service

  • Secretarial Audit under Section 204, Companies Act, 2013 for listed and unlisted public companies
  • Audit and certification under SEBI LODR, Takeover Code, Insider Trading Regulations, and ICDR
  • FEMA compliance audit: inbound and outbound investment, ECB, and repatriation compliances
  • CSR compliance audit and impact reporting verification
  • Due diligence audits for mergers, acquisitions, joint ventures, and financing transactions