Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

authentication of financial statements

Bhairon prasad (5 Points)

12 March 2019

please explain who shall sign financial statements u/s 134

Reply
Follow
Share

5 Replies

Radhey Shyam Jha (Student) (1621 Points)
Replied 12 March 2019

FS are signed on behalf of the Board at least by the following :
1. chairperson of the company where he is authorized by board
2. two directors out of which one shall be MD
3. CEO if he is a director in the company
4. CFO wherever he is appointed
5. CS of the company wherever he is appointed

Upgrade to CAclubindia Pro. Subscribe Now!

Bhairon prasad (5 Points)
Replied 12 March 2019

thanks

Radhey Shyam Jha (Student) (1621 Points)
Replied 12 March 2019

Anytime

dsuresh (senior officer) (33 Points)
Replied 14 March 2019

It means all the five has to sign if authorized by the board. If chairman is not authorized then atleast four of the above and if ceo is not a director then by two directors, CFO and CS.