To whom is a company’s Board’s report addressed when it is laid with the financial statements at a general meeting?
Question and options
To whom is a company’s Board’s report addressed when it is laid with the financial statements at a general meeting?
The Central Government
The members
The stock exchange
The Registrar of Companies
Answer and explanation
Section 134(3) of the Companies Act, 2013 requires a Board’s report to be attached to the financial statements laid before the company in general meeting, so it is a report to the members. A copy is later filed with the Registrar under section 137, but that filing does not make the Registrar its addressee.
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