Compliance Review and Regulatory Gap Analysis for a Company
Problem
A company has undertaken multiple statutory actions and financial decisions during the financial year. These include issuance of share capital, acceptance of loans, related party transactions, payment of managerial remuneration, CSR spending, and various statutory filings. The Board has also conducted meetings at irregular intervals, and certain registers may not have been properly maintained. The management wants a detailed compliance review to ensure that the company has fulfilled all the requirements mandated under the Companies Act, 2013, relevant MCA rules, and applicable SEBI provisions, wherever required.
Prompt Input
Assume you are a Corporate Compliance Auditor. Based on the documents provided, including Board Meeting Minutes, Statutory Registers, Share Allotment Papers, ROC Filings, MSME Form filings, DPT-3 filings, Auditor Appointment Letters, Director KYC Records, and CSR policy documents, analyse the data systematically. Prepare reports by grouping the information under the following heads: Mandatory ROC Filings – status of AOC-4, MGT-7, PAS-3, DIR-3 KYC, MSME Form I, DPT-3, and other applicable forms Board and Committee Meetings – frequency, notice compliance, quorum, agenda approvals Share Capital Compliance – allotment procedures, valuation, PAS-3 compliance Related Party Transactions – nature of transactions, Board approvals, audit committee approvals, Section 188 compliance Loans and Deposits – applicability of Sections 73 to 76, DPT-3 verification CSR Compliance – applicability under Section 135, spending, disclosures Registers Maintenance – Register of Members, Directors, Charges, Loans, Contracts, etc. You must present the analysis in Excel tables, separating: Compliant Activities Non-compliant or Missing Filings Potential Violations Transactions requiring further Board/Audit Committee review Also provide a Compliance Risk Score for each head, rating low/medium/high based on severity.
Prompt Output
Categorised and tabulated compliance data in Excel format Status of filings against due dates and applicable sections List of non-compliances, delayed filings, missing disclosures, or irregular Board procedures Identification of red flag items such as: Non-disclosure of related party transactions Non-filing of mandatory forms within due dates Non-maintenance of statutory registers Non-compliance with CSR spending requirements Loans accepted in violation of Sections 73-76 Recommended corrective actions and timelines Summary dashboard with Compliance Risk Score for each category