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Directors remuneration

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Guest (Querist)

15 June 2013 A Public company has not floated its shares in public . All of the shares are held by its directors or the relatives of such directors. That company is paying remuneration to its directors because as per schedule XIII part B.As per the Companies Act ceiling limits of the said Schedule requires certain disclosures are required. But the company is not preparing Annual Report.My Question is
whether it is necessary for the company to attatch the Annual Report
How would the disclosures would be checked by me

Ajay Mishra

Ajay Mishra (Expert)

15 June 2013 Hi

You should disclose the details in Director's Report of the Company and Notes to Account.

This is called Annual Report of the Company.Annual Report includes, Notice of AGM, Balance Sheet & Profit & Loss Acount, Directors Report and Auditor Report.

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