Practising Company Secretary Now Required To Provide Certificate Regarding Compliance Of ICDR Regulations For Preferential Issue

Vide notification dated 14th January 2022, the Securities and Exchange Board of India has notified Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022.
 
Earlier, the issuer was required to place a copy of certificate issued by statutory auditor before the general meeting of shareholders with respect to preferential issue, certifying that the issue is made in accordance with ICDR Regulations.
 
Now, instead of the statutory auditor, a practising company secretary shall provide the certificate (and most likely issue UDIN as well).
 
To Download The Notification, Please Click Here

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