Companies Act, 1956

Section - 217 - Board’s report

Board’s report.

217. (1)There shall be attached to every balance sheet laid before  a company  in general meeting, a report by its Board of directors, with respect to—

         (a)  the state of the company’s  affairs;

         (b)  the amounts, if any, which it proposes to carry to any reserves [***] in such balance sheet; [***]

          (c)  the amount, if any, which it recommends should be paid by way of dividend;

      [(d)  material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the balance sheet relates and the date of the report;] .... To read the full section download the app from Google Play store