This section of the newsletter captures the mandatory provisions of Secretarial Audit for an additional category of companies, revision in the provisions for the appointment of a Whole-Time Company Secretary and extension of timeline introduced by SEBI to split the roles of Chairman and Managing Directors.

1

Secretarial Audit is Mandatory for Companies having Outstanding Loans or Borrowings of Rs. 100 crore or more

2

Private Companies with Paid-up Share Capital of Rs. 10 crore or more to Appoint a Whole-Time Company Secretary

3

SEBI has Deferred the Timelines by 2 years to Split the Chairman and Managing Director’s Role in a Listed Company