Atr

no. but if any observation made by auditor then its management duty to give comments or action taken report on observation made by auditors. its good governance of management.

What pramod has cited, is right. Other than Auditor's observations, Board can also review the status of actions taken for the resolutions/decisions made in the previous meetings. Though there is no provision in law, its a practise of good corporate governance. 

Dear learned members,

i understand that there is no provision regarding ATR, but what i am searching is any reference for this term. like in secretarial standard or in any other document.

Regards

Aditya, it is a good practice to put in place a post meeting follow-up, review and reporting process for the action taken on decisions of the Board. The Company Secretary may, if internal policy of the company stipulates, submit follow-up Action Taken Report to the Board at the next meeting on the compliance of the decisions/ instructions of the Board.

As of now, the Secretarial Standards laid down by ICSI is silent about the submission of ATR to the Board/Committee. It is up to the company to put this practice in place.

Regards,

Veeral Gandhi

Originally posted by : Veeral Gandhi
	Aditya, it is a good practice to put in place a post meeting follow-up, review and reporting process for the action taken on decisions of the Board. The Company Secretary may, if internal policy of the company stipulates, submit follow-up Action Taken Report to the Board at the next meeting on the compliance of the decisions/ instructions of the Board.   As of now, the Secretarial Standards laid down by ICSI is silent about the submission of ATR to the Board/Committee. It is up to the company to put this practice in place.   Regards, Veeral Gandhi

Mr Gandhi,

That is exactly what i was asking about that has it been recognised anywhere in the provisions.

Thanks.

Dear Aditya,

Please read the second para of my first reply carefully. The answer to your subsequent question is no.

Warm Regards,

Veeral Gandhi

Yes Mr Gandhi,

I have read the information and am really satisfied with the answer given by you.

Exactly, there is as such no requirement.

However, all the shareholders related complaints must be informed to the Share Transfer and Investor Grevience Committee of the Board and it must be noted in the minutes.