Can addition director sing b/s of publiccompany

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Pravin Mishra (Querist)
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10 July 2012 sir,

I am working in limited company and board composition of my company consist of only additional director and no other director.

My query is can additional director of limited company sing B/s and P&L in absence of other directors if no then what i should do to correct the Board composition as there is no other directors,

Can anyone pls help me its urgent.

Ajay Mishra

Ajay Mishra (Expert)
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10 July 2012 Hi

Yes, additional director has absolute authority to sign Balance Sheet and Profit and Loss account. For signing on behalf of the board they should be member of the Board of Directors.

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Pravin Mishra

Pravin Mishra (Querist)
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10 July 2012 thanks sir it is really useful for me.

Ajay Mishra

Ajay Mishra (Expert)
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10 July 2012 Hi

Read section 215 and 217(4) of the Companies Act, 1956 it only says director means any director. So additional director has authority under above mentioned section to sign the same.

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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11 July 2012 yes, addition directors can sign on the Balance Sheet of the company. Additional Director is also the director of the Company he has all such powers as a Director.

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