25 March 2008
Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors to the best of their knowledge and belief confirm that:
- The applicable standards have been followed in the preparation of the annual accounts.
- The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at March 31, and the profit of the company for the year ended on that date.
- The Directors have taken appropriate and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and
- The Directors have prepared the attached Statement of Accounts for the year ended March 31, on a going concern basis
25 March 2008
U/S217(2A)(a) of the companies act The Board"s Report shall also include a statement showing the name of every employee of the company who- (i)if employed throughout the financial year was in receipt of remuneration for that year in the aggregate was not less than such sum "as may be prescribed" Sir i meant Sec217(2A)of the companies act and not sec217(2AA)
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