Prescribed amount

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PRANAV MISHRA

PRANAV MISHRA (Querist)
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25 March 2008 What is the prescribed amount U/S217(2A)(i) and U/S217(2A)(ii)
THANKS

CA. Amit Daga

CA. Amit Daga (Expert)
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25 March 2008 Pranav may i know you are talking abt what

Sec.217(2a) deals with Directors Responsiblity statement

CA. Amit Daga

CA. Amit Daga (Expert)
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25 March 2008 Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
to the best of their knowledge and belief confirm that:

- The applicable standards have been followed in the preparation of the
annual accounts.

- The Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of
the company as at March 31, and the profit of the company for the
year ended on that date.

- The Directors have taken appropriate and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities; and

- The Directors have prepared the attached Statement of Accounts for
the year ended March 31, on a going concern basis

CA. Amit Daga

CA. Amit Daga (Expert)
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25 March 2008 if you are talking abt some other act plz be specific

PRANAV MISHRA

PRANAV MISHRA (Querist)
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25 March 2008 U/S217(2A)(a) of the companies act The Board"s Report shall also include a statement showing the name of every employee of the company who-
(i)if employed throughout the financial year was in receipt of remuneration for that year in the aggregate was not less than such sum
"as may be prescribed"
Sir i meant Sec217(2A)of the companies act and not sec217(2AA)