Extract Annual Return

Is it mandatory to attach extract of annual return in the directors report
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Quick Summary
This discussion clarifies the mandatory requirement to attach an extract of the annual return to the directors' report. Recent amendments by the Ministry of Corporate Affairs (MCA) allow for the disclosure of a web link instead of the extract itself. It also addresses whether loans received by a company from friends of directors are considered deposits, noting restrictions for private limited companies.

Yes, it's mandatory to attach extract of annual return in the directors report.

Ministry of Corporate Affairs has amended Companies (Management and Administration) Amendment Rules 2014, vide notification no G.S.R. 538 (E) dated 28th August 2020. As per the amendment MCA has done away with the requirement of attaching extract of annual return in Form MGT-9 to the boards report, if the web link of such annual return has been disclosed in the Board’s report..

Sir loan received by directors' friends to be considered as deposit
Yes, Loan received by Company From Friends of Directors is considered as Deposit.

But is it Pvt Ltd. Company.??
Pvt Ltd. Company can't take loan from person other than it's shareholders, director and relatives of directors..

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