Directors Report-a model

Letter head <Registered Office> REPORT OF THE BOARD OF DIRECTORS Dear Members, Your Directors are pleased to present this Annual Report of the Company for the year ended <> along with the Audited Balance Sheet for the said period. Performance of the company Your Directors report that the working of the Company during the year under report resulted in a Net Profit (before tax) of Rs. <>. Directors Present Directors Mr.<> and Mr.<> shall continue to be the Directors. Auditors M/s. <>, Chartered Accountants, <>, are appointed as the auditors of the Company for the year <> Auditors Comments The Board noted that there are no qualifications in the Auditors Report. Directors’ Responsibility statement In terms of Section 217(2AA) of the Companies Act, 1956, the Directors would like to state that:- i. In the preparation of the annual accounts, the applicable accounting standards have been followed; ii. The directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of loss of the Company for the year under review; iii. The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the asset of the Company and for preventing and detecting fraud and other irregularities; iv. The directors have prepared the annual accounts on a going concern basis. Particulars of Employees as per Sec. 217 (2A) There were no employees whose remuneration was in excess of the limits prescribed under Section 217 (2A) of the Companies Act, 1956 as per the latest amendment. Conservation of Energy and Technology Absorption As the Company does not own any manufacturing facility, the particulars relating to the conservation of energy and technology absorption stipulated in the Company’s (Disclosure of the particulars in the Board of Director’s Report) Rules 1988 are not applicable . Foreign Exchange Earnings and Outgo There is no Foreign Exchange Earnings or Outgo during the period Acknowledgement The Board wishes to record their appreciation of the co-operation extended by the Employees of the Company for the successful working of the Company. By order of the Board of Directors <place> <date> <name> <name> Director Managing Director   <seal>