Page 102 - Index

Secretarial Audit Report of Crisil Ratings Limited
Form No. MR.3
Secretarial Audit Report
for the financial year ended December 31, 2024
[Pursuant to Section 204 (1) of the Companies Act, 2013, and Rule No. 9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014]
To,
The Members,
Crisil Ratings Limited
CIN: U67100MH2019PLC326247
CRISIL House, Central Avenue,
Hiranandani Business Park,
Powai, Mumbai 400 076
We have conducted the Secretarial Audit of the compliance
of the applicable statutory provisions and the adherence
to good corporate practices by Crisil Ratings Limited
(hereinafter called ‘the Company’). Secretarial Audit was
conducted in a manner that provided us a reasonable
basis for evaluating the corporate conducts, statutory
compliances and expressing our opinion thereon.
Based on our verification of the Company’s books and papers,
minute books, forms and returns filed and other records
maintained by the Company and also the information
provided by the Company, its officers, agents and authorized
representatives during the conduct of Secretarial Audit, we
hereby report that in our opinion, the Company has, during
the audit period covering the Financial Year ended on
31st December 2024, complied with the statutory provisions
listed hereunder and also, that the Company has proper
Board-processes and compliance-mechanism in place
to the extent, in the manner and subject to the reporting
made hereinafter:
We have examined the books and papers, minute books,
forms and returns filed and other records maintained by
the Company for the Financial Year ended 31st December
2024 according to the provisions of:
(i) The Companies Act, 2013 (‘the Act’) and the rules
made thereunder
(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’)
and the rules made thereunder;- Not applicable as the
securities of the Company were not listed on any of
the Stock Exchanges(s);
(iii) (iv) (v) The Depositories Act, 1996 and the Regulations and
Bye-laws framed thereunder- Not Applicable as the
shares are in physical mode;
Foreign Exchange Management Act, 1999 and the
rules and regulations made thereunder to the extent of
Foreign Direct Investment, Overseas Direct Investment
and External Commercial Borrowings – Not applicable
as there was no reportable event during the financial
year under review;
The following Regulations and Guidelines prescribed
under the Securities and Exchange Board of India Act,
1992 (‘SEBI Act’):
a) The Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers)
Regulations, 2011- Not Applicable as the
securities of the Company are not listed on the
Stock Exchanges;
b) The Securities and Exchange Board of India
(Prohibition of Insider Trading) Regulations, 2015
- Applicable to the extent of Schedule C of the
Regulations, being a Market Intermediary;
c) The Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements)
Regulations, 2018- Not Applicable as the
securities of the Company are not listed on the
Stock Exchanges;
d) The Securities and Exchange Board of India
(Share Based Employee Benefits and Sweat
Equity) Regulations, 2021- Not Applicable as the
securities of the Company are not listed on the
Stock Exchanges;
e) The Securities and Exchange Board of India
(Registrars to an Issue and Share Transfer Agents)
Regulations, 1993 regarding the Companies Act
100 Annual Report 2024