valid as on 27/03/2024

9.1.8-Companies (Accounts) Rules,2014

8. Matters to be included in Board’s report.-

(1) The Board’s Report shall be prepared based on the stand alone financial statements of the company and the report shall contain a separate section wherein a report on the performance and financial position of each of the subsidiaries, associates and joint venture companies included in the consolidated financial statement is presented.

(2) The Report of the Board shall contain the particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 in the 

(3) The report of the Board shall contain the following information and details, namely:-

(A) Conservation of energy

(i) the steps taken or impact on conservation of energy;

(ii) the steps taken by the company for utilising alternate sources of energy;

(iii) the capital investment on energy conservation equipments;

(B) Technology absorption-

(i) the efforts made towards technology absorption;

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution;

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-

(a) the details of technology imported;

(b) the year of import;

(c) whether the technology been fully absorbed;

(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and

(iv) the expenditure incurred on Research and Development.

(C) Foreign exchange earnings and Outgo-

The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows.

(4) Every listed company and every other public company having a paid up share capital of twenty five crore rupees or more calculated at the end of the preceding financial year shall include, in the report by its Board of directors, a statement indicating the manner in which formal annual evaluation has been made by the Board of its own performance and that of its committees and individual directors.

(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;

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.

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,

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]

This rule shall not apply to One Person Company or Small Company.

(1) The Board’s Report of One Person Company and Small Company shall be prepared based on the stand alone financial statement of the company, which shall be in abridged form and contain the following:-

(a) the web address, if any, where annual return referred to in sub-section (3) of section 92 has been placed;

(b) number of meetings of the Board;

(c) Directors’ Responsibility Statement as referred to in sub-section (5) of section 134;

(d) details in respect of frauds reported by auditors under sub-section (12) of section 143 other than those which are reportable to the Central Government;

(e) explanations or comments by the Board on every qualification, reservation or adverse remark or disclaimer made by the auditor in his report;

(f) the state of the company’s affairs;

(g) the financial summary or highlights;

(h) material changes from the date of closure of the financial year in the nature of business and their effect on the financial position of the company;

(i) the details of directors who were appointed or have resigned during the year;

(j) the details or significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future.

(2)  The Report of the Board shall contain the particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 in the Form AOC-2.

Substituted vide notification dated 27.07.2016, Companies (Accounts) Amendment Rules, 2016. To view the notification,Click Here
To view the return,Click Here
Inserted vide Companies (Accounts) Second Amendment Rules,2015 dated 4th September,2015. To view the notification,Click Here
Inserted vide the Companies (Accounts) Amendment Rules, 2019 dated 22.10.2019 (Effective from 01.12.2019). To view the notification,Click Here
Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here
Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here
Inserted vide Companies (Audit and Auditors) Amendment Rules, 2021 dated 24.03.2021. To view the notification, Click Here
Inserted vide Companies (Audit and Auditors) Amendment Rules, 2021 dated 24.03.2021. To view the notification, Click Here
Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here
Inserted vide the Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018. To view the Notification, Click Here

Companies (Accounts) Amendment Rules, 2016 [GSR 742(E)] dated 27/07/2016


Companies (Accounts) Amendment Rules, 2021 [S.O.205(E)] dated 24.03.2021


Companies (Accounts) Second Amendment Rules, 2015 dated 04/09/2015


The Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018


The Companies (Accounts) Amendment Rules, 2019 dated 22.10.2019 w.e.f., 01.12.2019


Form No. AOC-2 Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto


CAIRR PLUS on Google Playsecretarial automation?Subscribe for Updates