bord report 217(urgent)

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SUMAN (Querist)

08 July 2009 AS PER COMPANIES(DISCLOSURE OF PARTICULARS IN THE DIRECTOR REPORT)RULE 1988,SCHEDULE OF LIST OF INDUSTRIES WHICH SHOULD PROVIDE INFORMATION OF CONSERVATION OF ENERGY IS GIVEN IN IT.BUT IN SAME RULES, LIST OF INDUSTRIES TO PROVIDE INFORMATION OF TECHNOLOGY ABSORPTION IS NOT GIVEN.
WHAT DOES IT MEAN?DT ALL COMPANIES HAVE TO GIVE INFORMATION OF TECHNOLOGY ABSORPTION IN "ANNEXURE B" WHOSE FORMAT IS GIVEN IN RULES.PLZ CAN ANY ONE CLARIFY OR INTERPRET THIS.THANKS IN ADVANCE FOR CONSIDERING.

Ankur Garg

Ankur Garg (Expert)

08 July 2009 Hi Suman,

As per my interpretation yes all companies have to give information of Technology Absorption in "Annexure B".

However if there is no particular to disclose you may use the following para in your Directors’ Report:

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION
Your Company is not engaged in any manufacturing or processing activity, as such particulars required to be given in terms of Section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, regarding conservation of energy and technology absorption are not applicable.

Regards

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