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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Disclosures and Website Disclosures

Veda Textiles Ltd, an unlisted public company, has a Board report that is silent on the web address of its annual return even though the annual return is placed on the company's website. Under Section 134(3), which of the following correctly states the requirement?

The Board's report must include the web address, if any, where the annual return is placed. This is required by Section 134(3)(a) for companies generally, not just listed ones, and it is a Board's report item rather than an auditor's report item.

  1. AThe Board's report must include the web address, if any, where the annual return has been placedCorrect
  2. BThe web address is required only for listed companies
  3. CThe web address must be included only in the auditor's report
  4. DThe web address is needed only if the annual return is filed late

Explanation

Section 134(3)(a) requires the Board's report to include the web address, if any, where the annual return under section 92(3) has been placed. It is not limited to listed companies, and it belongs in the Board's report, not the auditor's report. Hence the silent report is deficient.

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