aythentication of Annual Report
This query is : Resolved
21 September 2010
What are the provisions in respect5 of signing of notice of AGM & Directors Report, Balance Sheet and p&l of the company. Whether it is mandatory to get it signed by managing Director.
Ajay Mishra
(Expert)
21 September 2010
Dear Friend
Authorisation for signing of Balance Sheet, profit and Loss Account will be done at Board Meeting.
In case of Balance Sheet and Profit and Loss Account: As per section 215(1)(ii) of the Companies Act, 1956 signed by not less than two directors of the company one of whom shall be MD where there is one. So it is mandatory to sign these documents by MD.
In case of Director’s Report: As per section 217(4) of the Companies Act, 1956 signed by its chairman if he is authorized by Board. As per this section it is not mandatory to sign Directors Report by MD unless he is authorized by Board and he is chairman of the Meeting.
Regards
CS Ajay Mishra
Authorisation for signing of Balance Sheet, profit and Loss Account will be done at Board Meeting.
In case of Balance Sheet and Profit and Loss Account: As per section 215(1)(ii) of the Companies Act, 1956 signed by not less than two directors of the company one of whom shall be MD where there is one. So it is mandatory to sign these documents by MD.
In case of Director’s Report: As per section 217(4) of the Companies Act, 1956 signed by its chairman if he is authorized by Board. As per this section it is not mandatory to sign Directors Report by MD unless he is authorized by Board and he is chairman of the Meeting.
Regards
CS Ajay Mishra
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
