FAQ's Small, Abridge - DIRECTOR’ REPORT - ONE PERSON COMPANY & SMALL COMPANY
ONE PERSON COMPANY & SMALL COMPANY
A. Whether these rules impact the Annual Filing of OPC and Small Company for the f.y. ended 31.03.2018?
B. Whether Rule 8 i.e. “Matters to be Included in Board’s Report” shall be applicable on OPC and Small Company?
C. Whether OPC and Small Companies are required to prepare MGT-9 after notification of these rules?
D. Whether it is mandatory to mention the Dates of Board Meeting and presence of Directors in Board Report?
E. Whether these rules applicable on Financial Year 2017-18?
F. Whether it is mandatory to mention the Dates of Board Meeting and presence of Directors in Board Report?
G. Which material changes Company have to mention in Directors’ Report?
H. Whether it is mandatory to mention the Dates of Board Meeting and presence of Directors in Board Report?
I. Details of all related party transaction is required to be mention in AOC-2?
The report shall contain the particulars of contracts or arrangements with related parties referred to in sub section (1) of section 188 in the form AOC-2.
Related party transaction in relation to transaction mentioned in section 188(1) – there are 7 transactions (a to g) shall be mentioned in AOC-2.
(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at firstname.lastname@example.org). Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION