13 March 2011
Only one director signs on annual return and submit it.He also don't attach the clarification for not present of other directors..
Does the content of annual return can be cancelled in this type of annual return? I mean this kind of annual return with 1 sign and without clarification , is valid or not.
14 March 2011
As per Section 161 of Companies Act,1956,(1) The copy of the annual return filed with the Registrar under section 159 or 160, as the case may be, shall be signed both by a director and by the manager or secretary of the company, or where there is no manager or secretary, by two directors of the company, one of whom shall be the managing director where there is one:
2[Provided that where the annual return is filed by a company whose shares are listed on a recognised stock exchange, the copy of such annual return shall also be signed by a secretary in whole-time practice.]
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