Signing of financial statement

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CA Devesh Bisht (Querist)
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22 December 2016 Hello experts,

A company has 4 directors, 2 are Indians and other 2 are foreigners. Can both the foreigner director sign the financial statement and board report.

Regards,

Pratik Shah

Pratik Shah (Expert)
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22 December 2016 Yes, both the Foreign Directors can sign the Financials, provided they should be physically present in the board meeting in which the Financials are approved.

CA Devesh Bisht

CA Devesh Bisht (Querist)
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22 December 2016 Can board meeting held outside India to approve financial statement?

Pratik Shah

Pratik Shah (Expert)
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22 December 2016 Yes. It can be held outside India for sure. Ensure that, the date of signing for Auditor should the date later than the board meeting date as Auditor will sign the Financials in India.