Disclosures in a directors report (Corporate Law)

This query is : Resolved

Author : Anonymous

( Author )
19 July 2012

Hi,

1. Can any one please tell me that What points to be disclose in the Directors report with respect to a particular financial year.

2. Is Directors report relates up to 31st March only or upto the date of signing of report?

3. Also if any addition or deletion made with respect to directors after the financial year ends, would this point be disclosed in the Directors report?

4. Under which Section of Companies Act, 1956 it relates, and Can any one Director sign Directors report?

anusha

( Expert )
19 July 2012

Please go through Section 217,210 and 222 of the Companies Act.
In case of signing report
1.If you have CMD then only his signature is enough
2.If the Director is Only MD then signature of MD and one more Director
3.In the absence of MD, any 2 Directors of the Company.

Any other suggestions are invited

Author : Anonymous

( Author )
19 July 2012

Hi,

I still not get the proper response of my point query in point no. 1 & 2.

Point 2: Are the events made from opening to closing of a particular financial year to be disclosed? and if made after the ends of financial year, Would it be disclosed?

Please reply proper suggestion.

Ajay Mishra

( Expert )
19 July 2012

Director Report contain the details as on 31.03...but material detail should be given as on the date of signing.

Author : Anonymous

( Author )
20 July 2012

Thank you so much Mr. Ajay Mishra

CS Ankur Srivastava

( Expert )
20 July 2012

Query no. 1

You have to disclosed following in the Directors Report:

1. Finances
2. Operations
3. Prospects
4. Directors (any changes)
5. Dividend
6. Any Major Change (Capital or any other)
7. Particulars of Employee
8. In case of Listed Company (Corporate Goverernance)
9. Public Deposits
10. Auditors
11. Conversion of energy, Technology absorption and foreign exchange earning and outgo
12. Directors Responsibility Statement
13. Auditors Report
14. Acknowledgement

In case of Listed Company the Director Report is much longer and cover more points.

CS Ankur Srivastava

( Expert )
20 July 2012

Query no. 2

Directors' Report is related to 31st March of that year only. So the events related to that date are required to be disclosed in the Directors' Report.

CS Ankur Srivastava

( Expert )
20 July 2012

Query 3

Any changes after 31st March shall be disclosed in next Directors' Report.

Further more, changes may be disclosed but with a note that this is current position or upto the signing of directors report following changes were made or like that any note.

CS Ankur Srivastava

( Expert )
20 July 2012

Query 4

Section 217 deals with Directors Report.