{"id":187,"date":"2015-07-10T11:11:15","date_gmt":"2015-07-10T11:11:15","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=187"},"modified":"2021-12-14T11:56:37","modified_gmt":"2021-12-14T06:26:37","slug":"brief-about-board-of-directors-report-under-companies-act-2013","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/","title":{"rendered":"BOARD OF DIRECTORS REPORT UNDER CO. ACT 2013"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a00a82a35615\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a00a82a35615\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#BRIEF_ABOUT_BOARD_OF_DIRECTORS_REPORT_UNDER_COMPANIES_ACT_2013\" title=\"BRIEF ABOUT BOARD OF DIRECTORS REPORT UNDER COMPANIES ACT 2013\">BRIEF ABOUT BOARD OF DIRECTORS REPORT UNDER COMPANIES ACT 2013<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#All_Companies\" title=\"All Companies:-\">All Companies:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#NBFC_Housing_Companies%E2%80%A6_etc\" title=\"NBFC, Housing Companies\u2026 etc:-\">NBFC, Housing Companies\u2026 etc:-<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#Companies_Accepting_Deposits\" title=\"Companies Accepting Deposits:-\">Companies Accepting Deposits:-<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#All_Companies-2\" title=\"All Companies:-\">All Companies:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#Who_shall_Sign_the_Report\" title=\"Who shall Sign the Report:-\">Who shall Sign the Report:-<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#More_updates_for_related_blogs_are\" title=\"More updates for related blogs are:\">More updates for related blogs are:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#CORPORATE_AND_PROFESSIONAL_UPDATES_May_23_2017\" title=\"CORPORATE AND PROFESSIONAL UPDATES May 23, 2017\">CORPORATE AND PROFESSIONAL UPDATES May 23, 2017<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/brief-about-board-of-directors-report-under-companies-act-2013\/#CORPORATE_AND_PROFESSIONAL_UPDATES_March_15_2017\" title=\"CORPORATE AND PROFESSIONAL UPDATES March 15 ,2017\">CORPORATE AND PROFESSIONAL UPDATES March 15 ,2017<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/06\/6.png\" rel=\"attachment wp-att-1878\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1878\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/06\/6-300x153.png\" alt=\"6\" width=\"800\" height=\"408\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/06\/6-300x153.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/06\/6-768x393.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/06\/6.png 1011w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"BRIEF_ABOUT_BOARD_OF_DIRECTORS_REPORT_UNDER_COMPANIES_ACT_2013\"><\/span><span style=\"color: #000080;\"><strong>BRIEF ABOUT BOARD OF DIRECTORS REPORT UNDER COMPANIES ACT 2013<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing details as discussed below and this report needs to be annexed to the Financial Statements which are laid before the members in the annual general meeting.<\/p>\n<p style=\"text-align: justify;\">Companies Act, 2013 also contains provisions regarding revision of Board\u2019s report which has been discussed in Chapter VI of the <a href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/\">companies act, 2013<\/a> along with revisions of Financial Statements under Section 131.<\/p>\n<ol style=\"text-align: justify;\">\n<li>Annual Disclosures:-<\/li>\n<\/ol>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"All_Companies\"><\/span><span style=\"color: #800080;\"><strong><span style=\"text-decoration: underline;\">All Companies:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"874\">\n<tbody>\n<tr>\n<td width=\"61\"><span style=\"color: #3366ff;\"><strong>S. No.<\/strong><\/span><\/td>\n<td width=\"405\"><span style=\"color: #3366ff;\"><strong>Contents of The Report<\/strong><\/span><\/td>\n<td width=\"408\"><span style=\"color: #3366ff;\"><strong>Reference\u00a0 to Act\/Rule<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"61\">1.<\/td>\n<td width=\"405\">Financial\u00a0 Summary\/Highlights, Operations, State of Affairs:-<\/td>\n<td width=\"408\">Section 134Rule 8(5)(i) of Cos(Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">2.<\/td>\n<td width=\"405\">Events Subsequent to the date of Financial statements.<\/td>\n<td width=\"408\">Section 134(3) (l)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">3.<\/td>\n<td width=\"405\">Change in the Nature of Business , if any.<\/td>\n<td width=\"408\">Rule 8(ii) of Cos (Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">4.<\/td>\n<td width=\"405\">Dividend, if\u00a0declared\u00a0&amp; amount, if any, carried forwarded to Reserves.<\/td>\n<td width=\"408\">Section 134 (3) (k)&amp; (j)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">5.<\/td>\n<td width=\"405\">No of Board Meetings held during.<\/td>\n<td width=\"408\">Section 134 (3)(b)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">6.<\/td>\n<td width=\"405\">Directors and Key Managerial Personnel.<\/td>\n<td width=\"408\">Rule 5 (iii) of Cos. (Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">7.<\/td>\n<td width=\"405\">Director\u2019s Responsibility Statement.<\/td>\n<td width=\"408\">Section 134 (3) (c) &amp; 134 (5)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">8.<\/td>\n<td width=\"405\">Information about the Financial Performance \/ Financial Position of the Subsidiaries \/ Associates\/ JV.<\/td>\n<td width=\"408\">Rule 8(1) of Cos(Accounts) Rules, 2014Rule 8(5) of Cos (Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">9.<\/td>\n<td width=\"405\">Extract of Annual Return.<\/td>\n<td width=\"408\">Section 134(3) (a)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">10.<\/td>\n<td width=\"405\">Auditors:-\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Qualification in Auditors reports.<\/td>\n<td width=\"408\">Sections 134 139, 140Rules 3,5,6 of Cos. (Audit &amp;Auditors) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">11.<\/td>\n<td width=\"405\">Conservation of Energy, Technology Absorption And Foreign Exchange Outgo.<\/td>\n<td width=\"408\">Section 134 (3) (m)Rule 8 of Cos(Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">12.<\/td>\n<td width=\"405\">Significant &amp; Material orders Passed by the Regulators\u00a0if any.<\/td>\n<td width=\"408\">Rule 8 (5) (vii) Cos (Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">13.<\/td>\n<td width=\"405\">Details of Adequacy of Internal Financial Controls,\u00a0if applicable.<\/td>\n<td width=\"408\">Rule 8(5) (viii) Cos( Accounts) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">14.<\/td>\n<td width=\"405\">Particulars of Loans, Guarantees or Investments.<\/td>\n<td width=\"408\">Section 134(3) (g)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">15.<\/td>\n<td width=\"405\">Risk Management Policy.<\/td>\n<td width=\"408\">Section 134(3) (n)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">16.<\/td>\n<td width=\"405\">Corporate Social Responsibility Policy:-\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Reason for not spending.<\/td>\n<td width=\"408\">Section 134(3) (o)Rule 8 of Cos. (CSR Policy) Rules,2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">17.<\/td>\n<td width=\"405\">Related Party Transactions:-\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Justification for Entering into Related Party Transactions.<\/td>\n<td width=\"408\">Section 134(3) (h) &amp;Rule 8(2) of Cos. (Accounts) Rules,2014Section 188(2)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">18.<\/td>\n<td width=\"405\">Secretarial Standards.<\/td>\n<td width=\"408\">SS 10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol style=\"text-align: justify;\">\n<li>Listed\u00a0and certain Public Companies:-<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Along with above said applicability, Listed Companies shall further include following contents in Board\u2019s Report<\/p>\n<table width=\"874\">\n<tbody>\n<tr>\n<td width=\"61\"><span style=\"color: #3366ff;\"><strong>Sl No.<\/strong><\/span><\/td>\n<td width=\"405\"><span style=\"color: #3366ff;\"><strong>Contents Of The Report<\/strong><\/span><\/td>\n<td width=\"408\"><span style=\"color: #3366ff;\"><strong>Reference\u00a0 to Act\/Rule<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"61\">19.<\/td>\n<td width=\"405\">Declaration from Independent Directors on Annual basisANNEXURE IV<\/td>\n<td width=\"408\">Section 134(3) (d)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">20.<\/td>\n<td width=\"405\">Composition of Audit Committee:-\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Reasons for not accepting the recommendations of the Audit Committee.<\/p>\n<p style=\"text-align: justify;\">Policy laid down by the Nomination and Remuneration Committee for Remuneration of Directors, KMP &amp;other employees and the Criteria formulated by the Committee for determining Qualifications, Positive attributes, Independence of a Director.<\/p>\n<\/td>\n<td width=\"408\">Section 177(8)Proviso to Section 178 (4)&amp; Section 134<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">21.<\/td>\n<td width=\"405\">Vigil Mechanism<\/td>\n<td width=\"408\">Proviso to Section 177(10)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">22.<\/td>\n<td width=\"405\">\n<p style=\"text-align: justify;\">Director\u2019s Responsibility Statement:-\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.<\/p>\n<p style=\"text-align: justify;\">Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.<\/p>\n<\/td>\n<td width=\"408\">Section 134 (3) (c) &amp; 134 (5)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">23.<\/td>\n<td width=\"405\">Secretarial Audit:-\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Qualifications in Audit Reports, (by the company secretary in practice in his secretarial audit report).<\/td>\n<td width=\"408\">Section 204(3)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">24.<\/td>\n<td width=\"405\">Formal Annual Evaluation<\/td>\n<td width=\"408\">Section 134(3) (p)<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">25.<\/td>\n<td width=\"405\">Disclosures of Ratio of remuneration to each director (\u00a0Only Listed Company)<\/td>\n<td width=\"408\">Section 197(12)Rule 5 (1) (2) &amp; (3) of Cos (Appointment &amp; Remuneration) Rules, 2014<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">26.<\/td>\n<td style=\"text-align: justify;\" width=\"405\">Confirms that the Company paid the listing fee for FY 2015-16 to Stock Exchanges where the Company Shares are listed. (Only Listed Company)<\/td>\n<td width=\"408\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"61\">27.<\/td>\n<td style=\"text-align: justify;\" width=\"405\">Corporate Governance and Shareholders Information<br \/>\nA report on Corporate Governance as laid down in Clause 49 of the Listing Agreement<\/td>\n<td width=\"408\">&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"NBFC_Housing_Companies%E2%80%A6_etc\"><\/span><span style=\"color: #800080;\"><strong>NBFC, Housing Companies\u2026 etc:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"874\">\n<tbody>\n<tr>\n<td width=\"73\"><span style=\"color: #3366ff;\"><strong>Sl No.<\/strong><\/span><\/td>\n<td width=\"393\"><span style=\"color: #3366ff;\"><strong>Contents Of The Report<\/strong><\/span><\/td>\n<td width=\"408\"><span style=\"color: #3366ff;\"><strong>Reference\u00a0 to Act\/Rule<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">28.<\/td>\n<td width=\"393\">Industry based disclosures as mandated by\u00a0 the respective Laws governing the Company<\/td>\n<td width=\"408\"><strong>&#8211;<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol style=\"text-align: justify;\">\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Companies_Accepting_Deposits\"><\/span><span style=\"color: #800080;\"><strong>Companies Accepting Deposits:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ol>\n<table width=\"877\">\n<tbody>\n<tr>\n<td width=\"73\"><span style=\"color: #3366ff;\"><strong>Sl No.<\/strong><\/span><\/td>\n<td width=\"393\"><span style=\"color: #3366ff;\"><strong>Contents Of The Report<\/strong><\/span><\/td>\n<td width=\"411\"><span style=\"color: #3366ff;\"><strong>Reference\u00a0 to Act\/Rule<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><strong>29.<\/strong><\/td>\n<td width=\"393\">Details relating to Deposits, covering the following :<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accepted during the year;<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Remained unpaid or unclaimed as at the end of the year;<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved.<br \/>\n(i) At the beginning of the year<br \/>\n(ii) Maximum during the year<br \/>\n(iii) At the end of the year.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Details of deposits which are not in compliance with the requirements of Chapter V of the ActSection 73, 74 &amp; 76<\/p>\n<p>Rule 8(5)(v) of Cos( Accounts) Rules, 2014<\/p>\n<ol style=\"text-align: justify;\">\n<li><span style=\"color: #800080;\"><strong>Event-Based Disclosures:-<\/strong><\/span><\/li>\n<\/ol>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"All_Companies-2\"><\/span><span style=\"color: #800080;\"><strong><span style=\"text-decoration: underline;\">All Companies:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"874\">\n<tbody>\n<tr>\n<td width=\"72\"><span style=\"color: #3366ff;\"><strong>Sl No.<\/strong><\/span><\/td>\n<td width=\"394\"><span style=\"color: #3366ff;\"><strong>Contents Of The Report<\/strong><\/span><\/td>\n<td width=\"408\"><span style=\"color: #3366ff;\"><strong>Reference\u00a0 to Act\/Rule<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"72\">1.<\/td>\n<td width=\"394\">Issue of Sweat Equity Share<\/td>\n<td width=\"408\"><strong>&#8211;<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"72\">2.<\/td>\n<td width=\"394\">Issue of Shares with Differential Rights<\/td>\n<td width=\"408\"><strong>&#8211;<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"72\">3.<\/td>\n<td width=\"394\">Issue of Shares under Employees Stock Option Scheme<\/td>\n<td width=\"408\"><strong>&#8211;<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"72\">4.<\/td>\n<td width=\"394\">Disclosure on Purchase by Company or giving of Loans by it for purchase of its shares<\/td>\n<td width=\"408\">Section 67 (3)<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">5.<\/td>\n<td width=\"394\">About Buy Back Shares<\/td>\n<td width=\"408\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"72\">6.<\/td>\n<td width=\"394\">Disclosure About Revision<\/td>\n<td width=\"408\">Yet to be Notified<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Who_shall_Sign_the_Report\"><\/span><span style=\"color: #800080;\"><strong><span style=\"text-decoration: underline;\">Who shall Sign the Report:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Section -134 (6) states that the Board\u2019s report and any annexures thereto under sub-section (3) shall be signed by its chairperson of the company if he is authorized by the Board and where he is not so authorized, shall be signed by at least two directors, one of whom shall be a managing director, or by the director where there is one director.<\/p>\n<p style=\"text-align: justify;\">Board\u2019s Report shall be approved by the Board of Directors before they are signed on behalf of the Board at least by the chairperson of the company where he is authorized by the Board or by two directors out of which one shall be managing director and the Chief Executive Officer, if he is a director in the company, the Chief Financial Officer and the company secretary of the company, wherever they are appointed.<\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact: <a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0or call at 9555555480<\/p>\n<h4><span class=\"ez-toc-section\" id=\"More_updates_for_related_blogs_are\"><\/span>More updates for related blogs are:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATES_May_23_2017\"><\/span><strong><u><a href=\"https:\/\/carajput.com\/blog\/3187\">CORPORATE AND PROFESSIONAL UPDATES May 23, 2017<\/a><\/u><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATES_March_15_2017\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-march-15-2017\/\">CORPORATE AND PROFESSIONAL UPDATES March 15 ,2017<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRIEF ABOUT BOARD OF DIRECTORS REPORT UNDER COMPANIES ACT 2013 Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing details as discussed below and this report needs to be annexed to the Financial Statements which are laid before the members in the annual general &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9933],"tags":[3101,3100,3098,3099,3097],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/187"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=187"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/187\/revisions"}],"predecessor-version":[{"id":19773,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/187\/revisions\/19773"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}