Annual Report Format Under Companies Act 2013
As applicable to the companies require any change in treatment or disclosure including addition amendment substitution or deletion in the head or sub head or any changes in the financial statements or statements forming part thereof the same shall be made and the requirements of this schedule shall stand.
Annual report format under companies act 2013. Prior to substitution it read as under a the extract of the annual return as provided under sub section 3 of section 92. Aoc 2 pursuant to clause h of sub section 3 of section 134 of the act and rule 8 2 of the companies accounts rules 2014 form for disclosure of particulars of contracts arrangements entered into by the company with related parties referred to in sub section 1 of section 188 of the companies act 2013 including certain arm s length transactions under third proviso thereto. Substituted by the companies amendment act 2017 notified vide notification no. Section 92 of the companies act 2013 deals with annual return of the company.
Unfortunately many auditors and directors are not aware of this latest report or end up filling this section as nil while submitting. If there are more than 200 members then company will give e voting facility. The latest director s report submitted under the companies act has a section to capture the compliance to the posh act 2013. This report is filed along with the annual returns to the registrar of companies.
Specified in section 134 of the companies act 2013 and rule 8 of the companies accounts rules 2014. In this article we look at a directors report format that is acceptable under companies act 2013. Companies act 2013 also contains provisions regarding revision of board s report which has been discussed in chapter vi of the companies act 2013 along with revisions of financial statements under section 131. 1 1 2018 cl i dated 31st july 2018.
1 where compliance with the requirements of the act including accounting standards. In the company s annual general meeting the board of directors of the company are required to present the directors report to the shareholders along with audited financial statements and auditor s report. The basic purpose of filing annual return with the registrar of companies roc is to provide the annual information about the company to the roc and its members about the company s general compliances. Every notice of annual general meeting will be prepared as per section 101 of companies act 2013 and secretarial standard ii.
The board s report of companies whose shares.