What is a Directin , Repoit? What are the legal provisions relating, preparation ami presentation? What is its importance and Content

(Delhi Univ,) Ans. Anrnal Report of Direcmrs. Section 217 of the Companies Act requires the Annual Report of Dlrectors must be attached to every balance sheet laid before a company in general meeting. The Report must be dated and signed by the Chairtnan of the company, if he is authorised to do so, or by such number of directors as are required to sign the balance sheet and profit and loss accour t of the company (i. e by not less than halo dircctorone of whom shall be the r. anaglng director, if there is one The Repa. must contain the following information
(a) Disposal Profits. A statement regarding the total profits of -company and tile manner of its -disposal, i e., the amo mt propose d carried to reserves, the balar e available for distribution ornmendabons of the directors regarding
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d, Material changes. Material changes affecting the financial position Use con r am. if any
(e) Future prospects. Prospects of the company for ! he next year.
(f) Directorate ants Auditorate. directorate and auditorate of the company, and reselection of old directors or .of new ones, and retirement and rnent of the auditors and changes fit piecer remuneration if any
(g) Speeial business. Ally other special business to be transacted in general meeting.
(h) Conservation of energy, etc. Particulars regarding conservation of energy, technology foreign earnings and outgo. :
(i) Highly pairi employees. A statement showing the name of every employee of the company (A employed tltrm lghout tile financial year or part of the financial year, and drawing such suln as annual or monthly remm leration as may be prescribed, or (ii) was in receipt 'of remmleration in that year wliiclt. in the aggregate. is in exccss of remuneration drawn by the managing director or manager and was holding himself or with his spouse and children not less than 2 percent of the equity shares of the company The statement Faust also indicate whether any employee is a relative of any-director or inanager of the company and, if so; the name of sucl. director. .
EXTRA ORDINARY GENERAL MEETiNG