In continuation of our earlier post dealing with Financial Statements and Boards’ Report, we will read Boards’ report of companies other than One Person Companies here.
Particulars of Contracts or Arrangements [Rule 8(2) of Accounts Rules read with Section 134(3)(h)]:
The Report of the Board shall contain the particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 in the Form AOC-2.
As discussed earlier here and here, Section 188 lists out certain transaction restricted to be entered into with related parties.
Posted in Chapter IX - CA2013, Companies Act 2013, CorpGov, Governance and Responsibility
Tagged Boards’ Report, Conservation of Energy, CSR Reporting, Evaluation of Boards Performance, Financial Statements, Foreign Exchange, India, MCA, Ministry of corporate affairs, Registrar of Companies, Technology Absorption, The Companies (Accounts) Rules 2014, The Companies Act 2013