Route 1: Listed company
A listed company for which secretarial audit is always mandatory.
- Review SEBI LODR and other regulations
- Verify Companies Act and FEMA compliance
- Issue MR-3 for the board's report
Secretarial Audit (MR-3)
Get your Secretarial Audit - the MR-3 report by a practising CS.
Larger and listed companies must annexe a Secretarial Audit Report in Form MR-3 to their board's report. Conducted by a practising company secretary, it independently verifies compliance with the Companies Act, SEBI regulations, FEMA and other applicable laws.
Qualified CA / CS partners30-45 working daysBest for: Listed and large companies meeting the MR-3 thresholds
Starting at
₹74,999 onwards
MR-3
Listed and large companies meeting the MR-3 thresholds
Applicability assessment
Compliance review across laws
Form MR-3 report issuance
Board-report annexure support
Timeline
30-45 working days
What it is
MR-3, explained in plain English.
Secretarial Audit is an independent verification of a company's compliance with corporate and other applicable laws, conducted by a Practising Company Secretary under Section 204 of the Companies Act 2013. It applies to every listed company and to public companies meeting the prescribed paid-up capital, turnover or borrowing thresholds. The auditor examines compliance with the Companies Act, SEBI regulations, FEMA, secretarial standards and the specific laws applicable to the company's industry, and issues the report in Form MR-3, which is annexed to the board's report. The aim is to give stakeholders independent assurance on governance and statutory compliance.
TL;DR
Listed and large companies must get an independent Secretarial Audit by a practising CS and annexe the MR-3 report to the board's report each year.
Key terms
The vocabulary you'll see on the portal.
MR-3
The Secretarial Audit Report annexed to the board's report.
Section 204
The provision mandating secretarial audit for certain companies.
PCS
A Practising Company Secretary who conducts the audit.
Secretarial Standards
ICSI standards on board and general meetings (SS-1, SS-2).
Board's report
The directors' report to which the MR-3 is annexed.
Routes & scenarios
Match the situation to the right fix.
Route 2: Large unlisted public company
A public company crossing the capital, turnover or borrowing thresholds.
- Confirm applicability against the thresholds
- Conduct the multi-law compliance review
- Annex MR-3 to the board's report
The process
MR-3 - from kickoff to confirmation.
01
Assess
We confirm applicability against the listing status and the prescribed paid-up, turnover and borrowing thresholds.
02
Examine
Our practising CS reviews registers, filings, board and member records, SEBI and FEMA compliance across the year.
03
Report
We discuss observations, allow management responses, and issue the audit report in Form MR-3.
04
Annex
We support annexing MR-3 to the board's report and addressing any qualifications raised.
Documents required
What we'll need from you.
Upload via our secure portal. We pre-check every scan before filing - cuts portal rejections by ~90%.
MOA, AOA and certificate of incorporation
Statutory registers and minutes
Year's ROC and SEBI filings
Board and committee meeting records
FEMA and labour-law compliance records
Related-party and charge details
Prior year's secretarial audit report
MR-3 FAQ
Common questions, answered by partners.
Still unsure if MR-3 is right for your case? Book a free 20-minute consult - a senior CA / CS will walk you through your specifics.
Still have questions?
Book a free 20-minute consult with a senior partner - we'll walk through your case and outline next steps.
Talk to a partner →Every listed company, and every public company with paid-up capital, turnover or outstanding borrowings above the thresholds prescribed under Section 204 and the Rules, must obtain a secretarial audit and annexe the MR-3 report to its board's report.
Ready when you are
Let's get your MR-3 sorted this week.
A senior CA / CS will get on a call with you, confirm scope and start the work - usually within 24 hours.