16A Disclosures in the Financial Statement

1[“16A. Disclosures in the financial statement.-

(1) Every company, other than a private company, shall disclose in its financial statement, by way of notes, about the money received from the director.

(2) Every private company shall disclose in its financial statement, by way of notes, about the money received from the directors, or relatives of directors.”]

 

Amendment

1.  Inserted by the Notification Dated 29th June, 2016.