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of <h1>Board Report for One Person and Small Companies: Key Inclusions and Compliance Requirements Under Section 134</h1> The Board's Report for a One Person Company and Small Company must be based on the standalone financial statement in an abridged form. It should include the web address for the annual return, the number of Board meetings, a Directors' Responsibility Statement, and details of any frauds reported by auditors. Additionally, it must provide explanations on auditor remarks, the company's affairs, financial highlights, material changes affecting the company's financial position, details of director appointments or resignations, significant regulatory orders, and particulars of related party contracts or arrangements in Form AOC-2.
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