Table of Contents
How much does a Company Secretary charge?
Fees charged by Company Secretary for Professional Services
| Description | Factor |
|---|---|
| Markup on account of Turnover of the client company (uptoRs 1 crore / Rs. 1 core to Rs 5 crore / Rs 5 crore to Rs 10 crore / Rs. 10 crore and above) = z | 0.05 / 0.10 / 0.15 / 0.20 |
| Nature of the company (pvt., public, listed) = t | 0.13 / 0.26 / 0.39 |
What is the limit for secretarial audit?
Turnover > Rs. 250 crore If anyone of the criteria meets then also secretarial audit is mandatory. A practicing Company Secretary has been recognized to conduct a secretarial audit.
Which companies secretarial audit is mandatory?
Pursuant to the provisions of section 204 of the Companies Act 2013, every listed company and company belonging to class of companies as prescribed is required to annex with its Board’s report, a Secretarial Audit Report given by a Company Secretary in Practice.
What is a secretarial service?
Company secretarial services are not the traditional work of a secretary, as the name might suggest, but rather it refers to the level of administrative function within a business that ensures good corporate governance, effective administration and compliance with legislation, laws and regulations that govern business …
How much does a company secretary earn in Malaysia?
The monthly retainer fee for company secretarial services in Malaysia ranges from as low as RM60 to as high as RM600 per month. This fee generally does not include any services provided by the company secretary of your company, aside from being compliant to the Companies Act 2016.
What is audit cost?
Audit Costs means any cost incurred during the normal course of an audit. Audit Costs means, with respect to any audit, the cost of such audit, including, without limitation, all fees, costs and expenses incurred in connection therewith.
What are the documents required for secretarial audit?
List of documents required for Secretarial Audit Companies Act, 2013
- Registers.
- Forms / Returns.
- Financial Statement of Company for the half year ended June 30, 2015.
- Meeting of directors & committees.
- General Meetings, if any, held during the period:
- Details of Postal ballot, if any.
What are the powers of Secretary audit?
The Secretarial Audit is an effective tool for corporate compliance management. It helps ensure timely corrective measures when non-compliance is detected. Process of verification of records and documents to check compliance with the provisions of various laws and rules/procedures, maintenance of books, records etc.
What are the services provided by company secretary?
Maintenance of secretarial records, statutory books and registers. Acting as Secretarial Auditor, Advisor or Consultant. Filing of petitions before the Company Law Board. Appearing as authorised representative before the Company Law Board, Central Government, Regional Director and Registrar of Companies.
What are the roles and responsibilities of company secretary?
To initiate and carry incorporation procedures like authenticating documents and proceedings used in registration; assuring delivery of registration and allotment details to registrar; making application for increase in share capital; overseeing delivery details of share certificates of allotment; keeping records of …