Approval of board's report

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2014 Whether the Board Resolution for approval of Board's Report shall be made in pursuance of Section 217 under Companies Act, 1956 or Section 134 of the Companies Act, 2013 for the Financial Year ended on 31, March 2014?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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27 August 2014 Section 217 of companies act, 1956

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 August 2014 Yes 1956 act may be followed. See MCA general circular 8/2014 dated 4.4.2014.

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Ankur Garg

Ankur Garg (Expert)
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27 August 2014 Agree with the opinion of experts.

As per MCA General Circular No. 8/2014 dated April 04, 2014, there is no need to follow Annual filing related provisions of Companies Act, 2013 for the annual filing related to financial year 2013-14. However Notice of AGM will be prepared in accordance with section 101 and 102 of the Companies Act, 2013

Hence, for annual filing related to FY 2013-14, old E-forms like 23AC, 23ACA and 20B will be used. These e-forms are still available on ROC site.

Thanks

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