Board’s Report

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IMPORTANT POINTS TO BE CONSIDER WHILE PREPARING BOARD REPORT

General Points to be Check in Every Company Specific Points to be Checked  according to Applicability Applicability in brief
1. Financial Results 1- Vigil Mechanism 1-Every Listed Company and The Companies which (including Pvt. Ltd.)
a) Accept deposits from the
public
b) Borrwing of money from  
bank & FI in excess of 50  
Crore Rupees.
2. Dividend Declaration 2- Corporate Social responsibility 1- Every Company
– Networth (sh capital + premium) of Rs.500 crore or more , or
– Turnover of Rs. 1000 Crore or more , or
– Net profit of Rs. 5 Crore or more
3. Extract of Annual return in Form MGT-9 3-Internal Financial Contrul (In case of listed companies  & Public Company only) Every Listed Company and every other Public Company
– Paid up Share capital of Rs. 25 Crore or more in the preceding financial year.
4. No. along with dates of Board Meeting or Committee meeting 4- Disclosure Under Section 67 (Disclosure Of Voting Rights)  
5. Details of Directors/KMP  Appointed or resigned during the year. 5-Reasons For Revision In Financials or Board’s Report (Section 131)  
6. Director’s responsibility Statement 6-Composition of Audit Committee (For Public & Listed Company only)
 
 
 
 
Every Listed Company and other Public Company

-Paid up capital Rs. 10 crore or more
– Turnover Rs. 100 Crore or more
– Outstanding Loan or borrowing or debentures or deposits exceeding Rs. 50 Crore or more in aggregate
 

  7- A Statement on declaration given by Independent Director under section 149(6)
 
In case of Public Company only having
– Paid up 10 crore or more
-Turnover 100 crore or more
– Outstanding, Loan, Debenture  and deposits exceeding 50 Crores or more.
  8- Nomination  &  Remuneration Committee
(Section 178 (3)
 
Every Listed Company and other Public Company

-Paid up capital Rs. 10 crore or more
– Turnover Rs. 100 Crore or more
– Outstanding Loan or borrowing or debentures or deposits exceeding Rs. 50 Crore or more in aggregate
 

7. Auditors report & Auditors 9-Remuneration to KMP (Section 197)   Every Listed Company
8. Detail of Fraud as per Auditor report 10- Corporate Governance (SCHD V & PART II)  
9. Loans, Guarantees and Investment during the year and particulars of Intercorporate Loans & Investments as per 186. 11- Particulars Of Board’s Own Performance And Its Committees And Individual Director (In case of Listed & Public Company) Every Listed Company and every other Public Company
– Paid up Share capital of  Rs.25 Crore or more in the preceding financial year
10. Contract & Arrangement with Related Party. AOC-2 12-Sexual Harassment  
11. State of Company affairs    
12. Amount carried to Reserve    
13. Material changes & commitments affecting the financials of the company    
14. Foreign Exchange earnings and Outgo    
15. Risk management Pulicy    
16. Joint Venture/ Associate and Subsidiary Company    
17. Report on Performance of Subsidiary, Associates & Joint venture    
18. Deposits   Every Listed Company and every other Public Company
– Paid up Share capital of  Rs.25 Crore or more in the preceding financial year
19. Any Order passed by Regulators/ Courts/Tribunals   Every Listed Company and every other Public Company
– Paid up Share capital of  Rs.25 Crore or more in the preceding financial year
20.  Changes in nature of  business   Every Listed Company and every other Public Company
– Paid up Share capital of  Rs.25 Crore or more in the preceding financial year

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