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Secretarial AuditSection 134 Financial Statements and Boards ReportSection 134(5) Directors Responsibility Statement (f) The directors had devised proper systems to ensure compliance with the provisions
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How to fill out director responsibility statement under

01
Download the director responsibility statement form from the relevant regulatory body’s website.
02
Read the instructions carefully to understand the requirements.
03
Begin filling out the personal details such as name, position, and company information.
04
Clearly state your understanding of the responsibilities associated with being a director.
05
Provide any relevant evidence of your experience and qualifications.
06
Review your statement for completeness and accuracy.
07
Sign and date the document before submission.

Who needs director responsibility statement under?

01
Any individual who is appointed or serves as a director in a company.
02
Organizations that are required to comply with business regulations.
03
Companies seeking to fulfill corporate governance requirements.
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The director responsibility statement is a formal declaration by a company's directors regarding their responsibilities and obligations as per the corporate governance framework and relevant legislation.
Company directors are required to file the director responsibility statement as part of compliance with statutory requirements under the relevant corporate laws.
To fill out the director responsibility statement, directors must provide details about their roles, confirm compliance with statutory obligations, and disclose any conflicts of interest, ensuring accuracy and completeness.
The purpose of the director responsibility statement is to assure stakeholders that the directors are aware of their responsibilities, are compliant with laws, and are committed to the company's ethical standards and governance.
The director responsibility statement must report information such as the directors' acknowledgment of their responsibilities, compliance with relevant laws, and any potential conflicts of interest.
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