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<h1>Board's Report requirements for one person and small companies mandate an abridged standalone statement with specified disclosures.</h1> 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.