Board's Report requirements for one person and small companies mandate an abridged standalone statement with specified disclosures. Board's Report for One Person Companies and Small Companies must be prepared from standalone financial statements in abridged form and include specified disclosures: web address of annual return if any; number of board meetings; Directors' Responsibility Statement; auditor reported frauds not reportable to the central authority; board explanations on auditor qualifications or disclaimers; state of affairs; financial summary; material post year end business changes; director appointments/resignations; and material regulatory or judicial orders affecting going concern. The report must also include related party contracts particulars in Form AOC-2.
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Provisions expressly mentioned in the judgment/order text.
Board's Report requirements for one person and small companies mandate an abridged standalone statement with specified disclosures.
Board's Report for One Person Companies and Small Companies must be prepared from standalone financial statements in abridged form and include specified disclosures: web address of annual return if any; number of board meetings; Directors' Responsibility Statement; auditor reported frauds not reportable to the central authority; board explanations on auditor qualifications or disclaimers; state of affairs; financial summary; material post year end business changes; director appointments/resignations; and material regulatory or judicial orders affecting going concern. The report must also include related party contracts particulars in Form AOC-2.
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