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???suggestion about the note in directors report....

Others 1129 views 5 replies

hello,

I m preparing a directors report & company is on the way of winding up. So, I had put the following note in directors report .

 

 

1.  As Company is doing Loss from past few years we may have doubt about is going concern & would go for winding up of the Company.

 PLease if any suggestion or changes you may think fit then suggest.

 

Thanks in advance......

Replies (5)

IF CO. IS ONLY THINKING ABOUT THN U CN INCLUDE A DIRECTOS OPINION IN DIRECTORS REPORT , & IF U HAS STARTED / COMITTED ANY STEPS IN THIS REGARD THN U SHOULD MENTION THIS STEPS.. AS-1 WILL APPLICABLE 

If it is decide by the Directors to wind up the Company then you can include a note saying :

As the Company has been incurring losses for past several financial years it would

not be feasible to continue the Business of the Company and hence the Company is considering

the option of going into voluntary liquidation.

 

Also check if the Co. has accum. losses and if CARO is applicable, give a note in the Auditor's Report as well.

thnaks ronak, 

can you pls also tell me the in case of all the losses are transferred to General reserve a/c then Note in CARO is required......?????

Please refer the Clause 4(x) of CARO once. It advises u specifically.. Let me know if u need Anything else..

thnks, i'll surely contact you further if any other suggestions are required,.


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