Section 217 2aa Statement

Sample Filled Section 217 2a Format with Directors Responsibility in word / .doc

a)	Directors’ responsibility statement		Comments
	In terms of Sec.217(2AA) of the Companies Act, 1956, the Board’s Report shall also include a Directors’ Responsibility Statement indicating therein :-		The matters may be discussed in the meeting and reviewed with the management
	i)	that in the preparation of the annual accounts, the applicable ac­counting standards had been followed along with proper explanation relating to material departures
	ii)	that the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are 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 or loss of the company for that period
	Iii)	that the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities
	iv)	that the directors had prepared the annual accounts on a going concern basis
b)	Changes, if any, in accounting policies and practices and reason for the same		No changes have been made in accounting policies.
c)	Major accounting entries involving estimates based on the exercise of judgement by management		No such entries have been made
d)	Significant adjustment made in the financial statements arising out of audit findings		No such adjustments have been made
e)	Compliance with the listing agreements and other legal requirements		A report prepared by M/s R Goswami & Co. on compliance made by the Company in respect of applicable laws is enclosed
f)	Disclosure of any related party transaction		A statement of ‘related party transaction’ is enclosed
g)	Qualification in the draft Audit Report for the year ended 31.03.2013		A draft audit report will be placed in the meeting for perusal of the members of the Committee