Wrong directors report

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A company hac s by fault mention that a compliance report has been issued by PCS in its directors report consequenlty for 5 years and the directors report has been filed with the balancesheet...although it was not in the Compliance slab,,,and no such certificate issued...nw what to do please suggest?? w

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CS MOHIT SALUJA

PRACTICING CS Jalandhar 9914558709

4543 Points Posted on 13 May 2013

It is not compulsory that if the company is within the limits of 10 lakh to 5 crore, rather he companies having capital less than 10 lakh an more than 5 crores can procure for better corporate governance, the report from Practicing Company Secrtary.

So the company ha two options:

1. Either to let it go, if it has been mentioned in director report that report of PCS has been attached. Leave it and forget it.

2. Or get reports from PCS and keep it in your record, and if any inspection/ or question raised by some one, you can take adantag that by mistake the report has not been attached where as the company has taken the same from PCS.