22 Oct 2019, 16:34 — 3 min read
Background: As per the Companies Act 2013, Director’s Report is a financial document produced by the Board of Directors of an enterprise at the end of the financial year. LexStart lists down the information to be recorded in this report.
At the end of a financial year, Limited Companies are required to file a financial document known as Director’s Report. This is part of the statutory accounts that need to be presented at the closing of an accounting year. This document outlines the financial state of the firm and is produced by the board of directors.
The following information must be mandatorily disclosed in the Director's Report filed by the Board of Directors:
þ Dividend, if declared and amount, if any, carried forwarded to reserves
þ Details of ESOPs
þ Information about the financial performance / financial position and details of the subsidiaries/associates/Joint Venture (JV)
þ Details of loans, investments and guarantees by the company
þ Details relating to deposits, covering the following:
þ Website address
þ Disclosures under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
þ Borrowing by the company
þ Details of rent paid
þ Electricity expenses
þ Director remuneration (for each director)
þ Details of transfer of shares during the financial year
þ Break up of related party transaction
Also read: Annual compliance checklist for startups
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Posted byLexStart Tech
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