What are the items to be included in Directors' report?
5 Replies
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 24 November 2010
Read section 217.apart from director responsiblity statment the items mentioned in sectin 217 should be included.
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 24 November 2010
For more calrification read the annual report of the corporate
(Guest)
https://www.moneycontrol.com/annual-report/itc/directors-report/ITC
https://www.moneycontrol.com/india/stockmarket/pricechartquote/I
read provision and refer the above mentioned link……..
Regards
rajesh
(Audit and Assurance)
(122 Points)
Replied 25 November 2010
DIRECTORS’ RESPONSIBILITY STATEMENT (SECTION 217 (2AA)
The Board’s report shall also include a Directors’ Responsibility Statement, indicating
therein, —
(i) that in the preparation of the annual accounts, the applicable accounting standards
had been followed along with proper explanation relating to material departures;
(ii) that the directors had 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 at the end of the financial year and of
the profit or loss of the company for that period;
(iii) that the directors had taken proper 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;
(iv) that the directors had prepared the annual accounts on a going concern basis.
(Section 217AA)
Priyanka Nikhil Salian
(ARTICLED ASSISTANT)
(112 Points)
Replied 25 November 2010
Hiiiii every body plz find below the attached copy of Format of Director Report
Attached File : 4 director report.pdf downloaded: 476 times
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