Sebi norms on secretarial audit to boost corp governance, transparency

NEW DELHI: The latest norms of markets regulator Sebi on secretarial audit will help improve transparency in corporate governance practices as well as empower company secretaries to report "everything" related to compliances, according to company secretaries' apex body ICSI. Every listed entity and its material unlisted subsidiaries have to undertake secretarial audit and also submit a secretarial audit report along with its annual report with effect from the year ending March 31, 2019. The secretarial audit and the report has to be done by a practising company secretary, as per the Sebi.