Signing balance sheet by video conferencing

Dear All,

Now since video conferencing has been allowed, can a balance sheet approved through video conferencing be signed by two directors sitting at different places by fax or email (one at delhi and other in mumbai) before forwading the same to the auditors as per section 215 and then adopted by the board in the same meeting after getting the scanned/fax copy of auditors report in the same board meeting.

For example: Is it correct to sign the balance sheet in the following fashion:

During the board meeting the MD signs the balance sheet send the scanned copy to delhi for signing of other director other director signs it and send it to auditors for audit report and finally auditors sitting in delhi give report to the board on the same day on the basis of scanned copy.

Auditor                                                             Managing Director                                                  Director

Delhi                                                               Mumbai                                                                     Delhi

10.06.2013                                                   10.06.2013                                                              10.06.2013

Regards