The concept of Secretarial Audit has gained significant traction in the past decade. Independent professionals have played a crucial role in facilitating the government’s shift towards allowing corporate entities to embrace self-regulation.

For the government to fully appreciate the necessity of Secretarial Audit in India, it must grant official statutory recognition to this type of audit. This recognition would make it mandatory for companies to conduct secretarial audits independently. Through this process, the Board of Directors can gain confidence in their compliance with various regulations impacting corporate entities. It allows them to demonstrate their genuine intent not to be involved, either directly or indirectly, in any technical errors, omissions, violations, contraventions, breaches, or non-compliance.