Prescribed amount
This query is : Resolved
PRANAV MISHRA
(Querist)
25 March 2008
What is the prescribed amount U/S217(2A)(i) and U/S217(2A)(ii)
THANKS
THANKS
CA. Amit Daga
(Expert)
25 March 2008
Pranav may i know you are talking abt what
Sec.217(2a) deals with Directors Responsiblity statement
Sec.217(2a) deals with Directors Responsiblity statement
CA. Amit Daga
(Expert)
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
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
(Expert)
25 March 2008
if you are talking abt some other act plz be specific
PRANAV MISHRA
(Querist)
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)
(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)
25 March 2008
THE PRESCRIBED AMOUNT IS RS. TWO LAKHS PER MONTH OR RS. 24 LAKHS PER ANNUM.
R.V.RAO
R.V.RAO
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