Can company have md & ceo both under new company act
This query is : Open
28 November 2014
Can company have MD & CEO both under new company act
Because under section 129
Financial Statement should be signed by two directors out of which one shall be managing director and the Chief Executive Officer.
Can anyone please explain.
Because under section 129
Financial Statement should be signed by two directors out of which one shall be managing director and the Chief Executive Officer.
Can anyone please explain.
28 November 2014
MD and CEO both not mandatory.
129 is not the section. It is 134(1).
If CEO is a director, financial statements can be signed by CEO and any other director.
If CEO is not a director, should be signed By MD and any other director.
129 is not the section. It is 134(1).
If CEO is a director, financial statements can be signed by CEO and any other director.
If CEO is not a director, should be signed By MD and any other director.
Message likes :
1 times
28 November 2014
Sir can i summarize like this authentication process
1. BOD approval
2. Signature
a. Chairperson (If authorised by BOD)
or by 2 directors (One of them should be MD)
b. CEO
c. CFO
D. CS
1. BOD approval
2. Signature
a. Chairperson (If authorised by BOD)
or by 2 directors (One of them should be MD)
b. CEO
c. CFO
D. CS
28 November 2014
Sir can i summarize like this authentication process
1. BOD approval
2. Signature
a. Chairperson (If authorised by BOD)
or by 2 directors (One of them should be MD)
b. CEO
c. CFO
D. CS
1. BOD approval
2. Signature
a. Chairperson (If authorised by BOD)
or by 2 directors (One of them should be MD)
b. CEO
c. CFO
D. CS
Message likes :
1 times
29 November 2014
If condition (a) is satisfied, no need to satisfy clause (b) above.
29 November 2014
(1) 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.
Sir here "or" is used once for chairperson v/s 2 directors
and then we have "comma" for CEO (Director) , CFO , CS that means all have to sign.
"," comma should be interpreted as "and"
Sir here "or" is used once for chairperson v/s 2 directors
and then we have "comma" for CEO (Director) , CFO , CS that means all have to sign.
"," comma should be interpreted as "and"
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
