Duty to circulate copies of approved Financial Statements for a Private Company
Financial Statements shall be approved by the Board and accompanied with statutory declaration by a director.
As per Section 257(1) Companies Act 2016, every company need to send a copy of approved Financial Statements for each financial year to:
Every member of the company;
Every person who is entitled to receive notice of general meetings;Every auditor of the company; and
Every debenture holder of the company on a request being made to the company.
More information:
- Section 251 Companies Act 2016.
- Section 257 Companies Act 2016.