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Which provision of the Companies Act, 2013 requires inclusion of the Directors’ Responsibility Statement in the Board’s report?

Question and options

Which provision of the Companies Act, 2013 requires inclusion of the Directors’ Responsibility Statement in the Board’s report?

  1. Section 140(3)

  2. Section 136(1)

  3. Section 133

  4. Section 134(3)(c)

Answer and explanation

Correct answer: D - Section 134(3)(c)

Section 134(3)(c) of the Companies Act, 2013 requires the Board's report to include the Directors' Responsibility Statement, whose contents are set out in section 134(5). Section 136(1) deals with the right of members to copies of the financial statements, and section 133 with the prescription of accounting standards.

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