Attention Practising Company Secretaries!
The format of the Annual Secretarial Compliance Report (ASCR) has been revised by ICSI, making it easier for you to issue the ASCR.
In May 2022, the SEBI made it mandatory for listed entities to annex the ASCR by PCS in their annual report.
The SEBI Circular No. Dated October 18, 2019, provided that the ASCR must include provisions relating to the resignation of statutory auditors. Later, BSE and NSE prescribed a few additional affirmations by PCS that were to be included in ASCR.
In this regard, the ICSI has provided a format that collates all amendments for ease of issuance.
This write-up by Taxmann aims to make a comparative analysis of the old and the revised format of the Annual Secretarial Compliance Report.
