audit secretarial cost applicability
Hi Everyone!
Whether the Authorized Signatory of Foreign Company can be the same as its Nominee?
company foreign nominee signatory authorized
Dear All!
What is difference between Liquidation and Winding up?
winding liquidation
Hi Everyone!
If shares are sold after the ex-date/record date, would eligibility for the rights issue still apply?
shares right eligibility
Hi Friends!
Can the services of Payment Aggregators (PA) be used for loan disbursals and repayments?
services aggregators payment
Hi Friends!
Can subsidiary company hold shares in its holding company?
company holding subsidiary shares
Hi All!
What is the difference between Compounding and Adjudication?
adjudication compounding
Hi Folks!
Can Peer Review be done by proprietor / partner of the Practice Unit peer reviewed by the Reviewer?
partner proprietor review peer
Hi Professionals!
Does getting empanelled as a Reviewer with Institute ensures the allotment of Peer Review work?
secretary company practicing review peer 
The applicability of Secretarial Audit or Cost Audit is calculated on a standalone basis, and not on a consolidated basis.
Secretarial Audit is an audit conducted by a qualified company secretary to examine the compliance of a company with various legal and regulatory requirements. The Companies Act, 2013 mandates that certain companies, based on their turnover and share capital, are required to conduct a Secretarial Audit. The turnover and share capital thresholds for Secretarial Audit are calculated on a standalone basis of the company, and not on a consolidated basis if the company has subsidiaries or associate companies.
Similarly, Cost Audit is an audit conducted to ascertain the cost of production, cost of sales, and other cost-related aspects of a company's business. The Companies Act, 2013 mandates that certain companies, based on their turnover and nature of business, are required to conduct a Cost Audit. The turnover thresholds for Cost Audit are also calculated on a standalone basis of the company, and not on a consolidated basis if the company has subsidiaries or associate companies.