Dec 30, 2019

MCA Amends the Companies (Accounts) Rules, 2014

MCA has, by way of a notification dated October 22, 2019, amended Rule 8 of the Companies (Accounts) Rules, 2014 (‘Accounts Rules’) which prescribes certain matters to be included in the board report. Pursuant to the amendment, the board report is additionally required to include a statement regarding its opinion with regard to integrity, expertise, experience and proficiency (to be ascertained from the online proficiency self-assessment test conducted by the Institute) of the independent directors appointed during the year.

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