Revision in provisions of Financial Statements(FS) and Board Report (BR) under Companies Act, 2013

Changes prescribed in Section 134 by Companies Amendment Act, 2017 has been enforced:
• FS, including consolidated FS, if any, shall now be signed by CEO whether holding directorship or not in the Company.
• BR should contain link of web address, if any, where annual return is placed
• Annual evaluation of Board, Committees and individual directors could be made by third agency
• If disclosures referred to in 134(3) have been included in the FS, such disclosures shall be referred to instead of being repeated in the BR
• Salient features of the policies and any change therein along with web-address of the company shall be specified in brief in the BR, if the policies are available on web-address of company
• An abridged BR can be prescribed for OPC, small companies