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Listing Agreement

CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)

10 June 2011

Whether secretarial audit report for each quarter is require to obtain from Whole time CS in practise and whether same is required to submit to stock exchange by the listing company?

If yes please mention the time limit

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12 Replies

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 11 June 2011

Dear Suraj,

First of all, the nomenclature of Secretarial Audit has been changed to Reconciliation of Share Capital Audit.

Secondly, yes it is required to obtain from the Practicing Company Secretary and to be submitted to the Stock Exchange within 30 days from the end of each quarter.

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CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
Replied 11 June 2011

Dear Ankur Sir,

Please clarify me under which clause it is applicable.

One more thing I want to know that whether shareholding pattern & share capital audit is same.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 11 June 2011

Reconciliation of Share Capital Audit Report is not the Compliance of Listing Agreement. It is required to be submitted under SEBI Circular no. D&CC/FITTC/CIR - 16/2002 dated 31/12/2002.

Circular Attached.

Attached File : 112299 737165 secretarial audit.pdf downloaded: 592 times

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CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 11 June 2011

Both are different Under Clause 35 of the Listing Agreement Shareholding Pattern is required to be submitted within 21 days of the end of each quarter.

CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
Replied 11 June 2011

Thanks sir for clarifying, regarding secretarial audit.

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CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 11 June 2011

The name of Secretarial Audit has been changed to Reconciliaiton of Share Capital Audit.

Please find the SEBI Circualare regarding the same.

Attached File : 112299 737235 reconciliaiton of share capital audit cirmrddp302010.pdf downloaded: 438 times

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CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
Replied 11 June 2011

Thanks Sir.

Pooja Malik (CA Final) (38 Points)
Replied 30 July 2012

is the company has to pass any resolution regarding change of auditor preparing reconciliation of share capital and is there any appointment letter necessary for appointing the new one????

its urgent

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 31 July 2012

No, the Company may take the Certificate from any Practicing Company Secretary. However, proper recording is to be made that the

"Reconciliation of Share Capital Audit Certificate issued by M/s..........................., Company Secretaries has been sent to the Stock Exchange well in time."