Listed Companies - Additional Disclosure in Board's Report

Listed Companies - List of additional disclosures in Board’s Report*

As per sub-rule (5) of Rule 8 of the Companies (Accounts) Rules, 2014, the report of the Board shall also contain -

(i)        the financial summary or highlights;

(ii)       the change in the nature of business, if any;

(iii)      the details of directors or key managerial personnel who were appointed or have resigned during the year;

(iv)      the names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year;

(v)       the details relating to deposits, covered under Chapter V of the Act,-

a.       accepted during the year;

b.       remained unpaid or unclaimed as at the end of the year;

c.        whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved-

                               i.       at the beginning of the year;

                              ii.       maximum during the year;

                             iii.       at the end of the year;

(vi)      the details of deposits which are not in compliance with the requirements of Chapter V of the Act;

(vii)    the details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future;

(viii)  the details in respect of adequacy of internal financial controls with reference to the Financial Statements.

*While sub-rule 5 referred to in this Article does not specify the category of companies required to make the additional disclosures stated therein, it may be construed from the language of the said sub-rule that the additional disclosure stated therein are required to be made only by listed companies and every other public company having a paid up share capital of twenty five crore rupees or more calculated at the end of the preceding financial year.