Companies (Accounts) Amendment Rules, 2018 - F. No. 1/19/2013-CL-V-Part - Companies Law

Board's Report requirements expanded to mandate cost-records and harassment-committee disclosures and abridged reporting for very small companies.

The amendment expands Board's Report disclosures to require disclosure about maintenance of Central Government-specified cost records and compliance with constitution of an Internal Complaints Committee, exempts One Person Companies and Small Companies from the original rule, and inserts Rule 8A prescribing an abridged standalone-based Board's Report for those entities listing specific required items including web address of annual return, board meetings, Directors' Responsibility Statement, auditor-reported frauds, explanations for auditor qualifications, state of affairs, financial highlights, material post-year-end changes, director appointment/resignation details, significant regulator or tribunal orders, and related-party particulars in Form AOC-2.