Download the best Free CA FINAL android app for cracking your exam! Download Now

10 POINTS TO BE TAKEN TO DIRECTORS REPORT FOR LIMITED COMPANIES

10 POINTS TO BE TAKEN TO DIRECTORS REPORT FOR LIMITED COMPANIES

 1. Disclosure about receipt of any commission by MD / WTD from a Company and also receiving commission / remuneration from it Holding or subsidiary‐Section 197(14)

FOR SP: PUSC ≥ 10CR TO ≥ 100 CR OL/DEPOSITS/ DEBENTURES > 50CR & LST

2. Company’s POLICY ON DIRECTOR’S, KMPs& other employees appointment & remuneration including criteria for determining Qualification, Attributes, Independence, etc.(For this purpose, limits to be reckoned as existing on the date of Last Audited Financial Statements.) Sec 134 (3) (e); Sec 178 (1) & (3)

3. DISCLOSURE MANDATORY DECLARATION BY INDEPENDENT DIRECTORS‐Sec 134 (3)( d) r/w Sec 149 (6)

4. . Disclosure on REAPPOINTMENT OF INDEPENDENT DIRECTOR (ID is eligible for re‐ pointment beyond a term of 5 yrs by passing an SR and if re‐appointed, the company must disclose such re‐ appointment of ID in Board Report.)‐Section 149(10)

5. The composition of the Audit Committee Further, if the Board has not accepted any recommendation of the Audit Committee, the same shall also be disclosed along with reasons therefore.‐Sec 177 (8) r/w Rule 6 of Cos(Meetings of the BoD)

FOR SP: PUSC ≥ 50CR TO ≥ 250 CR & LST

6.SECRETARIAL AUDIT REPORT(To be annexed with Board’s Report) MR 3 Sec 204 (1)

7.EXPLANATION or comments by the Board Of directors on every qualification, reservation or adverse remark or disclaimer made by the PCS in Secretarial Audit report- Sec 134 (3)(f) (ii) PUSC ≥ 50Cr TO ≥ 250 Cr

FOR SP PUSC ≥ 25 CR : & LST

8. Manner in which Formal Annual Evaluation of performance of Board, its Committees and individual directors has been carried out ‐ Sec 134 (p) r/w Rule 8 (4) of Cos (Accounts) Rules

FOR LST :CORPORATE GOVERNANCE DISCLOSURE REQUIREMENTS

9. Clause 49 of the Listing Agreement

FOR LST ;DISCLOSURE MANDATORY

10. Ratio of remuneration of each director to the median employee’s
‐Section 197(12) r/w Rule 5 of remuneration and other prescribed details

10 POINTS TO BE TAKEN TO DIRECTORS REPORT FOR LIMITED COMPANIES

10 POINTS TO BE TAKEN TO DIRECTORS REPORT FOR LIMITED COMPANIES

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

.

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

Leave a comment

Your email address will not be published. Required fields are marked *