Companies Act, 2013

Small, Abridge…….. DIRECTOR’ REPORT ONE PERSON COMPANY & SMALL COMPANY Short Summary: MCA has further amended the Companies (Accounts) Rules, 2014, these rules called the Companies (Accounts) Amendment Rules, 2018. As per Companies amendment Act, 2017 it was proposed that MCA shall issue abridge form of Directors Report for One Person Company and Small Company. MCA has came with new rule 8A on 31 st July, 2018 for “abridge form of Directors report disclosure” by prescribing separate bunch of disclosures for Small Company and One Person Company. FAQ’S:    A.    Whether these rules impact the Annual Filing of OPC and Small Company for the f.y. ended 31.03.2018? As per notification rules shall be applicable from the date of publication in official Gazette. If these rules published in official gazette before holding of Board Meeting in which Directors Report shall be approved then these rule shall impact that Directors Report. Note: In genera

Small, Abridge…….. DIRECTOR’ REPORT ONE PERSON COMPANY & SMALL COMPANY Short Summary: MCA has further amended the Companies (Accounts) Rules, 2014, these rules called the Companies (Accounts) Amendment Rules, 2018. As per Companies amendment Act, 2017 it was proposed that MCA shall issue abridge form of Directors Report for One Person Company and Small Company. MCA has came with new rule 8A on 31 st July, 2018 for “abridge form of Directors report disclosure” by prescribing separate bunch of disclosures for Small Company and One Person Company. As per Section 134(3) directors report contain almost 17 transaction and as per rule 8 almost 20 transaction, in totality approx 35-40 transaction was required to mentioned in Directors Report. However, as per new rule 8A in case of OPC and Small Company only 10 transaction (a to j) required to be mentioned. Major Change: A new sub Rule 6 added after sub Rule 5 in Rule 8; I.e. “ This Rule shall not