The Institute of Company Secretaries of India(ICSI) has issued an advisory for Ensuring Compliance with Various Regulations/ Circulars Issued by SEBI and Stock Exchanges.
Reetu | Sep 9, 2023 |
ICSI advises for Ensuring Compliance with Various Regulations/ Circulars issued by SEBI
The Institute of Company Secretaries of India(ICSI) has issued an advisory for Ensuring Compliance with Various Regulations/ Circulars Issued by SEBI and Stock Exchanges.
The Advisory stated as follows:
The Regulators i.e. Securities Exchange Board of India and the Stock Exchanges have reposed confidence in the profession of Company Secretaries and have recognised Company Secretaries in Practice for issuance of Certificates, Reports and conduct audit under various Regulations and Circulars issued by them from time to time. The details of few are as under for reference: –
To further strengthen the effectiveness of the certification/ audit/ report issued by Company Secretaries in Practise and to protect the interests of investors and stakeholders as a whole, Company Secretaries in Practise are advised to thoroughly check minute 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 Practise are also expected to report non-compliances with applicable provisions, penalties imposed, and show cause notices served during the period under review to the company or its directors & KMP by the SEBI, MCA, RBI, Stock Exchanges, or any other Regulator, in order to reflect the true picture of governance standards.
This advisory is being issued in order to encourage fellow Company Secretaries to uphold governance culture and ensure compliances as a whole.
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