Section - 215 - Companies Act, 1956

Section - 215 - Authentication of balance-sheet and profit and loss account

Authentication of balance sheet and profit and loss account.

215. (1) Save as provided by sub-section (2), every balance sheet and every profit and loss account of a company shall be signed on behalf of the Board of directors—

(i) in the case of a banking company, by the persons specified in clause (a) or clause (b), as the case may be, of sub-section (2) of section 29

of the Banking Companies Act, 1949 (10 of 1949);

(ii) in the case of any other company, by its

[***] manager or secretary, if any, and by not less than two directors of the company one of whom shall be a managing director where there is one.

(2) In the case of a company not being a banking company, when only one of its directors is for the time being in India, the balance sheet and the profit and loss account shall be signed by such director; but in such a case there shall be attached to the balance sheet and the profit and loss ac .... To read the full section download the app from Google Play store