Appointment of Secretarial Auditor shall be as per Section 204. (1) of the Companies Act 2013 and Companies (Appointment and Remuneration of Managerial Personnel), Rule 2014. Company Secretaries in full time practice or a Firm of Company Secretaries having continuous (without any break) experience of at least three years in full time practice shall conduct Secretarial Audit of the Company for the year 2017-18 as per provisions of the Act and Rules made thereunder and shall submit Secretarial Audit Report in the prescribed Form.
Appointment of Cost Auditor for the financial year 2017-18 as per Companies (Cost Records and Audit) Amendment Rules 2014 notified by the Govt. of India, Ministry of Corporate Affairs dated 30June,2014 and 31 December,2014. Cost Accountant or the Firm of Cost Accountants shall conduct audit of the Cost Accounting Records of the PSPCL and submit necessary reports within 180 days from the close of the financial year along with observations, suggestions, and Annexures to the Board of Directors as per notification or any other instructions issued by Central Government from time to time or any other section of the Companies Act 2013 applicable in this regard.