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Answer This As Soon As Possible Q.5 Dates Ceramics Limited (DCL) was incorporated on 1 July 2021 as an unlisted company and all the seven

Answer This As Soon As Possible

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Q.5 Dates Ceramics Limited (DCL) was incorporated on 1 July 2021 as an unlisted company and all the seven subscribers were appointed as DCL's directors. On 8 September 2022, an urgent meeting of DCL's board was held to discuss the fire occurred in the office building. Among other matters, the chief executive also informed the board that: . all the financial records were lost and the data from the backup server have not yet been restored. He further informed that IT team is confident that they will restore the data by next week. the audit of DCL's financial statements for the year ended 30 June 2022 is yet to be completed and due to this fire incident, it is not possible to complete it before 15 December 2022. Consequently, DCL's annual general meeting would not be held on 22 October 2022 as planned. Under the provisions of the Companies Act, 2017 state the responsibilities of DCL's directors in the given scenario. (07)

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