CSEET · Economic and Business Environment · Elements of Corporate Governance
Under section 134 of the Companies Act, 2013, which of the following must be included in the Board's report attached to the financial statements laid before a company in general meeting?
The Board's report must state the number of Board meetings held during the year, as required by section 134(3)(b). Personal tax returns, full committee minutes and salary slips of managerial staff are not prescribed contents of the Board's report under that section.
- AThe number of meetings of the Board held during the yearCorrect
- BThe personal tax returns of each director
- CThe minutes of every committee meeting in full
- DThe salary slips of all key managerial personnel
Explanation
Section 134(3)(b) requires the Board's report to state the number of meetings of the Board. The other items are not listed among the contents of the Board's report in the text.
Did you get it right without looking?
One question tells you little. A timed set on Elements of Corporate Governance shows your real accuracy, how long you take and where you lose marks.
More Elements of Corporate Governance questions
- Aarav Textiles Ltd publishes timely and accurate information on its financial results, ownership and risks so that investors can assess it. …
- A company required to constitute a CSR Committee is bound to spend, in every financial year, at least a prescribed percentage of a particula…
- Which statement best describes corporate governance in the context of a company?
- A company covered by Section 135 has unspent CSR money relating to an ongoing project fulfilling the prescribed conditions. Which statement …
- Under the Board's report requirements of the Companies Act, 2013, which of the following must the Board's report include for a listed compan…
- Regarding the signing of the financial statement approved by the Board under section 134 of the Companies Act, 2013, which is correct for a …