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section 217

MANISH SHARMA (CA STUDENT) (38 Points)

01 November 2008

Discuss what is section 217 refers in corporate Laws.

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8 Replies

HARDIK (COMPANY SECRETARY NCFM (Corporate Governance )) (664 Points)
Replied 10 April 2009

section 217 relates to directors report. It includes the disclosure made in it.

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 11 April 2009

Dear Manish

What is ur problems regarding section 217 (Board's Report) of the Companies Act, 1956.

Regards

Ajay Mishra (Company Secretary) (74337 Points)
Replied 11 April 2009

Dear Manish

What is ur problems regarding section 217 (Board's Report) of the Companies Act, 1956.

Regards

Sahana (Service) (81 Points)
Replied 26 April 2009

discuss on 217(2A). Is it necessary to attach to the director's report the particulars required by 217(2a). Without attaching the particulars to the annual accounts of which the directors report is part, can a company state that the same can be inspected at the registered office. What is the proceedure for seeking this exemption.

Sahana (Service) (81 Points)
Replied 26 April 2009

I have one more point for discussion. - Is salary paid to the MD of the Company covered by 217(2a)?

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 27 April 2009

Hi Sahana

It is required to give Particulars of employee as required to be disclosed under section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 in the Director's Report.

Its my opinion to give details of salary paid to MD as annexture to the Director's Report under Companies (Particulars of Employees) Rules 1975 .

Regards

Karthick Subramanian (Audit Assistant) (43 Points)
Replied 15 May 2009

Is there any change/revision in the amount mentioned under sec 217(2a)? i.e.Rs.2 lacs p.m

Also if an employee joins in the mid year and leaves the organisation before the end of the financial year should his remuneration be calculated on propotionate basis? Rs.2lac p.m * no.of months of service?

Regards