Audit

Sec Audit Insight Series Edition 10 ESOP

SPG & Associates2026-05-13T11:41:57+00:00Integrated Framework under the Companies Act, 2013 and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021  ESOPs are often looked at as just an employee incentive tool, but in reality, they say a lot about how seriously a company takes governance and compliance....

E9 Dividend

SPG & Associates2026-05-13T11:12:16+00:00DECLARATION AND PAYMENT OF DIVIDEND The declaration of dividend is not just about distributing profits—it reflects a company’s financial discipline and commitment to good governance. Every step, from determining the source of profits to depositing the declared amount in a separate bank account within timelines, is...

Executive Remuneration in India Edition 8 Section 197 VF

SPG & Associates2026-05-13T08:12:28+00:00Executive remuneration in India reflects a calibrated balance between commercial flexibility, ease of doing business, and governance oversight. Under the Companies Act, private companies have historically enjoyed substantial freedom in structuring managerial remuneration, thereby enabling them to determine compensation based on commercial realities and talent requirements...

CSR Key Disclosures and reporting gaps Edition 7

SPG & Associates2026-05-13T08:09:09+00:00Section 135 of the Companies Act, 2013 established the statutory framework governing Corporate Social Responsibility (CSR) in India, transforming CSR from a voluntary goodwill exercise into a regulated compliance regime. What was once viewed primarily as a spending obligation has now evolved into a governance-driven...

Section 42 Edition 6 Private Placement

SPG & Associates2026-05-13T07:57:55+00:00Raising capital is a crucial step for any company looking to grow, and one common route is through private placement. Private placement refers to the process by which a company offers or invites a select group of individuals or entities to subscribe to or purchase...

Secretarial Audit Insight Series Edition 5 RPT

SPG & Associates2026-05-13T07:59:15+00:00Related Party Transactions (RPTs) lie at the intersection of business strategy and governance, often attracting close regulatory scrutiny due to their potential to influence corporate decision-making and shareholder value. While such transactions are not inherently improper, lack of transparency or inadequate compliance can raise significant...

Secretarial Audit Insight Edition 4 Statutory Committees

SPG & Associates2026-05-13T07:33:40+00:00Audit, NRC, SRC and Beyond: Statutory Committee Framework under Indian Corporate Laws In today’s evolving corporate governance landscape, the role of board-level committees has become indispensable in ensuring transparency, accountability, and effective oversight. Committees such as the Audit Committee, Nomination and Remuneration Committee (NRC), and Stakeholders...

Secretarial Audit Insight Series Edition 03 MSME Compliance

SPG & Associates2026-05-13T07:31:24+00:00MSME (Micro Small and Medium Enterprises) In today’s dynamic economic landscape, Micro, Small, and Medium Enterprises (MSMEs) form the backbone of industrial and service-sector growth in India. Yet, these enterprises often face a chronic challenge—delayed payments from large corporate buyers. The MSME Development Act, 2006 was...

Secretarial Audit Insight Series Edition 2 SBO Compliance

SPG & Associates2026-05-13T07:28:50+00:00Boardroom Balance Sheet: Board Composition Pitfalls Under Regulation 17 Board composition is the foundation of corporate governance. Regulation 17 of SEBI (LODR) Regulations, 2015 outlines clear mandates for listed entities on the structure, conduct, and oversight role of the Board. Yet, several listed companies continue to...

Secretarial Audit Insight Series Edition 1 Recurring gaps in Sec Audit Reports

SPG & Associates2026-05-13T07:29:58+00:00Boardroom Balance Sheet: Board Composition Pitfalls Under Regulation 17Board composition is the foundation of corporate governance. Regulation 17 of SEBI (LODR) Regulations, 2015 outlines clear mandates for listed entities on the structure, conduct, and oversight role of the Board. Yet, several listed companies continue to...