SEBI LODR -AMENDMENT 12.12.2024 for “Secretarial Auditor”

On the basis of recommendation of board of directors, a listed entity shall appoint or re-appoint:
(i) an individual as Secretarial Auditor for not more than one term of five consecutive years; or
(ii) a Secretarial Audit firm as Secretarial Auditor for not more than two terms of five consecutive
years,
with the approval of its shareholders in its Annual General Meeting:
Provided that-
(i) an individual Secretarial Auditor who has completed his or her term under sub-clause (i) of this
clause shall not be eligible for re-appointment as Secretarial Auditor in the same entity for five years
from the completion of his or her term;
(ii) a Secretarial Audit firm which has completed its term under sub-clause (ii) of this clause, shall
not be eligible for re-appointment as Secretarial Auditor in the same entity for five years from the
completion of such term.

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