Page 60 - Index

Annexure III to the Directors’ Report
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 9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014]
To,
The Members,
Crisil Limited
CIN: L67120MH1987PLC042363
CRISIL House, Central Avenue,
Hiranandani Business Park, Powai, Mumbai,
Maharashtra, India, 400076
We have conducted the Secretarial Audit of the compliance
of the applicable statutory provisions and the adherence
to good corporate practices by Crisil 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
December 31, 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 on December 31,
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;
(iii) The Depositories Act, 1996 and the Regulations and
Bye-laws framed thereunder;
(iv) Foreign Exchange Management Act, 1999 and the
rules and regulations made thereunder to the extent of
(v) Foreign Direct Investment, Overseas Direct Investment
and External Commercial Borrowings – Applicable to
the extent of Foreign Direct Investment and Overseas
Direct Investment;
The following Regulations and Guidelines prescribed
under the Securities and Exchange Board of India Act,
1992 (‘SEBI Act’):
a) b) c) d) e) f) g) The Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers)
Regulations, 2011;
The Securities and Exchange Board of India
(Prohibition of Insider Trading) Regulations, 2015;
The Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements)
Regulations, 2018 – Not applicable as there was
no reportable event during the financial year
under review;
The Securities and Exchange Board of India (Share
Based Employee Benefits and Sweat Equity)
Regulations, 2021;
The Securities and Exchange Board of India
(Registrars to an Issue and Share Transfer Agents)
Regulations, 1993 regarding the Companies Act
and dealing with client – Not applicable as the
Company is not registered as Registrar to an
Issue and Share Transfer Agent during the
financial year under review;
The Securities and Exchange Board of India
(Delisting of Equity Shares) Regulations, 2021 –
Not applicable as the Company has not delisted/
proposed to delist its equity shares from any
Stock Exchange during the financial year
under review;
The Securities and Exchange Board of India
(Buy-back of Securities) Regulations, 2018 –
Not applicable as the Company has not bought
back/ proposed to buy-back any of its securities
during the financial year under review;
58 Annual Report 2024