Secretarial Audit & Due Diligence
A secretarial audit is an independent examination of whether a company has actually complied with the corporate laws it is subject to — not whether it believes it has. For companies within the prescribed classes it is a statutory requirement, reported in Form MR-3 and annexed to the board's report where the law so requires. For everyone else, it is the most reliable way a board can find out what it does not know.
Akash & Co. acts as secretarial auditor for listed and unlisted companies, and carries out secretarial and legal due diligence for transactions. Our reports are written to be usable: qualifications are specific, each observation is traceable to a section or regulation, and every finding comes with what to do about it.
What we do
Who this is for
Listed companies and their material subsidiaries; public companies meeting the prescribed thresholds; boards that want independent assurance; and any acquirer, investor or lender examining a company before committing.
How we run a secretarial audit
We begin with a scoping note setting out the laws applicable to your company — which for a manufacturing company with foreign investment and a listed parent is a materially different list from a services company with domestic shareholders. Generic scope is where secretarial audits lose their value.
Fieldwork then covers records, registers, minutes, filings and approvals for the period, with a written information request issued up front rather than in instalments. Observations are shared in draft, discussed with management, and where a gap can be regularised before the report is signed, we tell you so.