Signing FS by Nominee Director

"The financial statement, including consolidated financial statement, if any, shall be approved by the Board of Directors before they are signed on behalf of the Board at least by the chairperson of the company where he is authorised by the Board or by two directors out of which one shall be managing director and the Chief Executive Officer, if he is a director in the company, the Chief Financial Officer and the company secretary of the company, wherever they are appointed, or in the case of a One Person Company, only by one director, for submission to the auditor for his report thereon."

i need conclusion not the provision

Yes he can very well sign.  He is also a director for all purposes of the Act.

 

He is representative of financial institutions​.....how he can approv FS....this is i want to understand.....

FS are approved by the Board and not individual director.  Director signs on behalf of the Board.  If the nominee director is willing to sign FS, he can very well sign.

 

 

Okay got it....thank you👍👍