Rule 8: Matters to be included in Board’s report

Rule 8: Matters to be included in Board’s report · Complied AI

(5)

In addition to the information and details specified in sub-rule (4), the report of the Board shall also contain –

(i)

the financial summary or highlights;

(ii)

the change in the nature of business, if any;

(iii)

the details of directors or key managerial personnel who were appointed or have resigned during the year;

(iiia)

a statement regarding opinion of the Board with regard to integrity, expertise and experience (including the proficiency) of the independent directors appointed during the year.

Explanation

For the purpose of this clause, the expression “proficiency” means the proficiency of the independent director as ascertained from the online proficiency self-assessment test conducted by the institute notified under sub-section (1) of section 150.

(iv)

the names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year;

(v)

the details relating to deposits, covered under Chapter V of the Act,-

(a)

accepted during the year;

(b)

remained unpaid or unclaimed as at the end of the year;

(c)

whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved-

(i)

at the beginning of the year;

(ii)

maximum during the year;

(iii)

at the end of the year;

(vi)

the details of deposits which are not in compliance with the requirements of Chapter V of the Act;

(vii)

the details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future;

(viii)

the details in respect of adequacy of internal financial controls with reference to the Financial Statements.

(ix)

a disclosure, as to whether maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is required by the Company and accordingly such accounts and records are made and maintained,

(x)

a statement that the company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 [14 of 2013]along with the following details:-

(a)

number of complaints of sexual harassment received in the year;

(b)

number of complaints disposed off during the year; and

(c)

number of cases pending for more than ninety days

(xi)

the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.

(xii)

the details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof

(xiii)

a statement by the company with respect to the compliance to the provisions relating to the Maternity Benefits Act, 1961.

Notes, amendments & references (15)

Substituted vide notification dated 27.07.2016, Companies (Accounts) Amendment Rules, 2016. To view the notification, Click Here

1.Substituted vide MCA Notification dated 30.05.2025 regarding Companies (Accounts) Second Amendment Rules, 2025. To view the notification, Click here .

2. To view the amended return with effect from 14.07.2025, Click Here

Provided that the requirement of furnishing information and details under this sub-rule shall not apply to a Government Company engaged in producing defence equipment. Inserted vide Companies (Accounts) Second Amendment Rules,2015 dated 4th September, 2015. To view the notification, Click Here

(iiia) Inserted vide the Companies (Accounts) Amendment Rules, 2019 dated 22.10.2019 (Effective from 01.12.2019). To view the notification, Click Here

(ix) Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here

(x) Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here

(a) number of complaints of sexual harassment received in the year;

(b) number of complaints disposed off during the year; and

(c) number of cases pending for more than ninety days 1. Inserted vide MCA Notification dated 30.05.2025 regarding Companies (Accounts) Second Amendment Rules, 2025. To view the notification, Click here .

(xi) the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year. Inserted vide Companies (Audit and Auditors) Amendment Rules, 2021 dated 24.03.2021. To view the notification, Click Here

(xii) the details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof Inserted vide Companies (Audit and Auditors) Amendment Rules, 2021 dated 24.03.2021. To view the notification, Click Here

(xiii) a statement by the company with respect to the compliance to the provisions relating to the Maternity Benefits Act, 1961. Inserted vide Companies (Accounts) Second Amendment Rules, 2025. To view the notification, Click here

(6) Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here

8A. Matters to be included in Board's Report for One Person Company and Small Company.- Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here