Directors report

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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2014 Is it necessary to mention foreign travelling expenses in Director,s Report?
In the Section of Foreign outgo and expenditure?

Ankur Garg

Ankur Garg (Expert)
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24 July 2014 You have not mentioned nature and purpose of foreign travelling expenses incurred.

Foreign exchange earnings and outgo is required to be disclosed in Directors Report. I am sure foreign travelling expenses must be for the business of the company. Hence such expenses should be reported in the Directors Report.

Above question does not arise regarding personal foreign travelling expenses of directors and other officials of the company.

Thanks