The correct answer is: C. Foreign Exchange Management Act, 1999 and the rules & regulations made under there
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and promoting the orderly development and maintenance of the foreign exchange market in India.
The Act provides for the regulation of foreign exchange transactions, including inward and outward remittances, foreign exchange accounts, and foreign exchange holdings. It also provides for the imposition of penalties for contravention of the provisions of the Act.
The Act is administered by the Reserve Bank of India (RBI). The RBI has issued a number of regulations under the Act, which provide further details on the implementation of the Act.
The Secretarial Audit is a statutory audit of the books of accounts of a company. It is conducted by a qualified auditor to ensure that the company’s accounts are prepared in accordance with the provisions of the Companies Act, 1956 and the rules made thereunder.
The Secretarial Audit does not cover the Foreign Exchange Management Act, 1999 and the rules & regulations made under there. This is because the Foreign Exchange Management Act is a separate Act, which is administered by the Reserve Bank of India. The Secretarial Audit is only concerned with the compliance of the company with the provisions of the Companies Act, 1956.
The other options are all covered by the Secretarial Audit. The Companies Act, 1956 is the main Act that governs companies in India. The Securities Contracts (Regulation) Act, 1956 is an Act to regulate the business of stock exchanges and other securities markets in India. The Specific Regulation of Securities and Exchange Board of India Act, 1992 is an Act to provide for the establishment of the Securities and Exchange Board of India and for matters connected therewith or incidental thereto. The Payment of Bonus Act, 1965 is an Act to provide for the payment of bonus to employees of companies.