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CS Executive · Company Law and Practice · Annual Report - Concepts

A student says that the Section 461 report is a report on the affairs of one particular Government company, prepared after that company's AGM. Which statement correctly describes the Section 461 report?

Section 461 report is a general annual report on the working and administration of the Companies Act as a whole, prepared by the Central Government and laid before each House of Parliament. It is not a company-specific, AGM or inspection report.

  1. AIt is a general annual report on the working and administration of the Act, laid before each House of ParliamentCorrect
  2. BIt is a report on the working and affairs of a single Government company, laid with the CAG's comments
  3. CIt is a report on each AGM of a listed company, filed with the Registrar within thirty days
  4. DIt is an inspector's final report on an investigation, submitted to the Central Government

Explanation

Section 461 concerns a general report on the working and administration of the whole Act. A company-specific report is dealt with under Section 394, an AGM report under Section 121, and an inspector's report under Section 223.

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