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Presented by: Ms. Bhavani Raj Partner R & A Associates

Enhanced Thrust on Compliance. Presented by: Ms. Bhavani Raj Partner R & A Associates. Beware of Laws and pay my Tax of Rs.50/ every year. Beware of Laws and pay my Tax of Rs.8/ every year. Rs. 8. Rs. 50. PPL License is required. Industry. +. +. +. +. Need for Compliances.

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Presented by: Ms. Bhavani Raj Partner R & A Associates

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  1. Enhanced Thrust on Compliance Presented by:Ms. Bhavani RajPartnerR & A Associates

  2. Beware of Laws and pay my Tax of Rs.50/ every year Beware of Laws and pay my Tax of Rs.8/ every year Rs. 8 Rs. 50

  3. PPL License is required

  4. Industry + + + +

  5. Need for Compliances

  6. Risk of Non-compliance

  7. Our planet's alarm is going off, and it is time to wake up and take action! You cannot escape your responsibilities by evading it but only by complying with it. • Don't Worry, we are there to solve all your problems.

  8. Total of enacted State specific legislations :

  9. Number of State Specific legislations :

  10. Categorization of various laws(Central / State /Central cum State specific)

  11. Compliance Audits : • Mergers and Takeovers • Joint ventures and collaborations • Due diligence for Bank

  12. Enhanced Thrust by Government on compliance of various laws

  13. Enhanced Thrust by Government on compliance of various laws

  14. Meaning of Secretarial Audit Secretarial Audit is a process by an Company in whole time practice to verify the status of various applicable laws including rules/ regulations with respect to the procedures to be followed, records to be maintained, statutory forms to be filed.

  15. Audit Coverage? Comprises the following: • the Companies Act, 2013 and the rules made under the Act • The Memorandum and Articles of Association of the Company • the Securities and Exchange Board of India Act, 1992 and the  rules/regulations made under that Act • the Reserve Bank of India Act, 1934 and the  rules/regulations/directions made under that Act • The Securities Contracts (Regulation) Act, 1956 and the rules made  under that Act • The Depositories Act, 1996 and the regulations • The Foreign Exchange Management Act, 1999 and the rules and  regulations made under that Act; • Competition Act, 2002 and the rules and regulations made under  that Act; • The Listing Agreement; • any other law specifically applicable to the Company

  16. Requirement of Secretarial Audit Sec 204 of Companies Act, 2013 read with Rule 9  of Companies  (Appointment and Remuneration  to Managerial Personnel) Rules, 2014 provides for  the requirement of conducting Secretarial  Audit  for the following Class of Companies : • Every Listed Company [or] • Every Public Company having paid up share capital of Rs. 50 Crores or more [or] • Every Public Company having a turnover of  Rs.250 Crores or more. Applicable from next financial year.

  17. AP Reorganization Act • All the laws applicable to the undivided AP will continue to apply to the new States of Telangana and AP. to facilitate their application in respect of Telangana and AP States. • The Government may, before the expiration of two years from that day, by order, make such adaptations and modifications of the law, whether by way of repeal or amendment

  18. AP Reorganization Act – Effects on Companies w.e.f June 2, 2014. • All the CIN numbers has changed • Any shifting of Registered Office need to take the permission of Central Government and need to comply with the provisions of shifting from one state to another state. • Sales between the two new states will be considered as inter state transfer. Accordingly, CST need to be paid on such sales. • Stamp duty need to be paid in respective states only.

  19. Beware of False Knowledge It is more dangerous than ignorance. Thank You You may contact: Ms. Bhavani Raj, Parnter Land line no: 9140 4003 2244 Hand phone: 91 96666 95394 Email: bhavani@rna-cs.com

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