Now day several Roc looking into Directors report filed by companies and looking into various non compliance. Here we are going to discuss Board meeting disclosure is also very important disclosure.
Please look into the Companies Act, 2013 and also SS! Disclosure and SS 4 disclosures
There is no clarity on disclosures from SS 1 and SS 4 and Companies Act, 2013
Professionals fraternity which one of the disclosure to be taken. Now Secretarial standards compliance and Board report compliance is also entirely different. The moot question how many companies following the secretarial standards disclosure in respect of Board meeting strictly
In listed companies they have mentioned in corporate governance report about who are all directors attended the meeting and date only as per listed companies director report There is no clarity on SS1 what type of information we should mention in Director report
Section 134 ( 3) (b)
b) number of meetings of the Board;
SSI Disclosure
9. Disclosure
The Report of the Board of Directors shall include a statement on compliances of applicable Secretarial Standards.
SS 4
6.4 Board Meetings The number and dates of meetings of the Board held during the year shall be disclosed in the Report.
Disclosure of Board Report
19. COMPLIANCE WITH SECRETARIAL STANDARDS The Report shall include a statement on compliance of applicable Secretarial Standards and other Secretarial Standards voluntarily adopted by the company
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