Draft Format of DIRECTOR’ REPORT ONE PERSON COMPANY & SMALL COMPANY- Series 481
Draft Format of ……..
DIRECTOR’S REPORT
ONE PERSON COMPANY & SMALL COMPANY
The Board’s
Report of One Person Company shall be prepared based on the STANDALONE FINANCIAL STATEMENT of the
company, which shall be in abridged form and contain the following:-
Dear Members,
XYZ PRIVATE
LIMITED
Your Directors have pleasure in presenting the (No. of AGM) Annual Report together with the Audited Statement of
Accounts of your Company for the Year ended March 31, _______.
1. FINANCIAL SUMMRAY[1]
The Company’s financial performance, for the year ended March 31, __________:
(Rs in Lacs)
Particulars
|
Year
ended
31st
March ___
|
Year
ended
31st
March ____
|
Turnover
|
||
Profit
Before Tax
|
||
Less:
Current Tax
|
||
Deferred
Tax
|
||
Income
Tax earlier years
|
||
Profit
For The Year
|
||
Add:
Balance in Profit and Loss Account
|
||
Sub
Total
|
||
Less:
Appropriation
|
||
Adjustment
relating to Fixed Assets
|
||
Transferred
to General Reserve
|
||
Closing
Balance
|
||
2. STATE OF AFFAIRS /
HIGHLIGHTS[2]
1.
The Company is engaged in the business of ___________________________.
There has been no change in the business of the Company during the financial
year ended 31st March, _________.
2.
There has been no change in the
business of the Company during the financial year ended 31st March, ___________.
Sub-section (3)
of section 134 of the Act requires a company to disclose the state of the
company’s affairs in the Report
·
The disclosure
under this heading should include a brief description of the nature of business
of the company specifying growth achieved in terms of volume of the key
products/services of the company, structural changes in the business, new
acquisition and development of Intellectual Property Rights etc.
·
It should
specify all material events having an impact on the company’s business
including operational highlights indicating the overall growth of the company
and diversification, if any, made during the year
There has been no change in the constitution of Board during the year
under review i.e. the structure of the Board remains the same.
OR
If there is any change, mentioned that Mr. …… has
been resigned/ appointed w.e.f. ____________ as Director / MD/ etc of Company.
The observations of the Statutory
Auditors, when read together with the relevant notes to the accounts and
accounting policies are self explanatory and do not call for any further
comment.
OR
(Explanation or comment by the Board on every qualification,
reservation, adverse remark or disclaimer made by the statutory auditor in his
report and/or by the secretarial auditor in the secretarial Audit Report).
(No. of Board Meeting) ___________Board Meetings were held during the
Financial Year ended March 31, __________ i.e. (Dates of Board Meetings).
6. WEB LINK OF ANNUAL RETURN, IF ANY.[6]
The Company is
having website i.e.___________________________ and annual return of Company has
been published on such website. Link of the same is given below:
OR
The Company
doesn’t having any website. Therefore,
no need to of publication of Annual Return.
Whether
Companies are required to prepare MGT-9 or required to publish MGT-9?
Details
discussion on same available on following Link:
7. MATERIAL
CHANGES AND COMMITMENTS:[7]
There have been no material changes and
commitments, which affect the financial position of the company which have occurred
between the end of the financial year to which the financial statements relate
and the date of this Report
OR
If there are material changes and
commitments but their impact on the financial position is not determinable, a statement
should be disclosed in the Report as under :
“Following material changes and
commitments have occurred between the end of the financial year to which the
financial statements relate and the date of this Report and their impact on
financial position of the company is not determinable.
No significant and material
order has been passed by the regulators, courts, tribunals impacting the going
concern status and Company’s operations in future.
OR
The details of a
significant material order passed by the Hon’ble High Court which may impact
the going concern status of the Company and its future operations is provided
in Annexure ___and forms part of this report
Details of
significant and material orders passed by any Regulator, Court, Tribunal,
Statutory and quasi-judicial body, impacting the going concern.
9. DETAILS IN RESPECT OF FRAUD REPORTED BY AUDITOR:[9]
As per auditors’ report on financial
statement there is no fraud u/s 143(12)
10. DIRECTOR’S RESPONSIBILITY STATEMENT:[10]
Pursuant to Section 134(5) of the Companies Act,
2013 the Board of Directors of the Company confirms that-
a) In the preparation of the annual accounts for the year ended March 31, __________,
the applicable accounting standards read with requirements set out under
Schedule III to the Act, have been followed and there are no material
departures from the same.
b) The Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent
so as to give a true and fair view of the state of affairs of the Company as at
March 31,__________ and of the profit of the Company for the year ended on that
date.
c) The Directors have taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the Company and for preventing and detecting fraud
and other irregularities.
d) The Directors have prepared the annual accounts on a 'going concern' basis.
e) The Company being unlisted, sub clause (e) of section 134(3) of the
Companies Act, 2013 pertaining to laying down internal financial controls is
not applicable to the Company.
11. COMPLIANCE WITH SECRETARIAL STANDARD:[12]
The Directors have devised proper
systems to ensure compliance with the provisions of all applicable Secretarial
Standards and that such systems are adequate and operating effectively
The Company has not accepted any deposits during the year under review.
ACKNOWLEDGMENT
Your Directors
would like to express their sincere appreciation for the assistance and
co-operation received from the banks, Government authorities, customers, vendors
and members during the year under review. Your Directors also wish to place on
record their deep sense of appreciation for the committed services by the
Company’s executives, staff and workers.
If
anyone wants Word copy of such Draft Directors’ Report can send a mail on Goyaldivesh.associates@gmail.com.
If anyone wants to join our whatsapp Group “Gyan Gurukul- 20” whatsapp
me following details Profession, Name and City on 8130757966
|
134(6) The Board’s report and any annexures thereto under sub-section
(3) shall be signed by
§ its chairperson of the company if he is autShorised
by the Board and where he is not so authorised, 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
OR
§ In the case of a One Person Company, by one
Director
(Author
– CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice
from Delhi and can be contacted at csdiveshgoyal@gmail.com). 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
[1]
Clause (g) (Rule 8A of the Companies (Accounts) Rules, 2014)
[2]
Clause (f) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[3]
Clause (i) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[4]
Clause (e) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[5]
Clause (b) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[6]
Clause (a) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[7]
Clause (h) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[8]
Clause (j) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[9]
Clause (d) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[10]
Clause (c) (Rule 8A of the Companies (Accounts)
Rules, 2014)
[11]
Sub-paragraph
(f) of the Directors’ Responsibility Statement, as stated above, is applicable
only to listed companies.
[12]
Requirement of Secretarial Standard 1.
[13]
Requirement of Section 73
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