Secretarial audit compliance verifies adherence to corporate laws and requires para wise reporting of any non compliance and governance processes. Secretarial audit pursuant to section 204 and related rules entails examination of a company's records to verify compliance with the Companies Act, securities laws, depository and foreign exchange provisions, specified SEBI regulations, secretarial standards and listing obligations; the report must state compliance during the financial year, record specific non compliances or qualifications para wise, evaluate board constitution and processes for meetings and minutes, confirm existence of systems to ensure legal compliance, and disclose material corporate events affecting statutory adherence, signed by the practising company secretary.