The committee shall show in each balance seat and profit and loss account the true and correct position of the authorized capital of the corporation and its equity, as accurately as possible, in the manner in which such equity is valued, with full particulars of the creditors and debtors, and in addition, in its report, the state and condition of the business of the corporation, such , if it is recommended to keep an amount for the purpose of reserve in the balance seat or any subsequent balance seat, if it is recommended to distribute any amount from the profit to the shareholders as a dividend, it should also be mentioned and submitted. The report should also mention the things that will be beneficial in the business and the changes in the important things that will be of interest in such business in the financial year of the corporation to make the shareholders appreciate the status of the business of the corporation. The above account balance sheet and report must be correct for at least 2 directors and managing director.