Cs to sign financial statements

Co Act 2013 213 views 4 replies
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Company Secretary
70 Points Joined November 2011

Good evening All,

It is very well known that CS signs the financial statements of the Company where he/she is employed as one. This is clearly mentioned in the Act.

Is it necessary to obtain the Board approval as well for the same?

Thank you.

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On 17 May 2017 at 17:29 Report
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Signing of financial statements doesnt means auditing. Right to do Audit of financial statements is with CA only. CS signs in a capacity of secretary of that company. It his work. 

Board approval is needed for financial statements. their sign shows that the statements have been reviewd and apporved by the board.

 

So obtain sign of 1 MD or chairman, 1 Director, and secretary. then they are called as approved and not before that. 

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On 17 May 2017 at 18:07
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Member
2602 Points Joined April 2010
Secretary to a company is like human organ to the artificial entity.
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On 19 May 2017 at 10:01
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CS
755 Points Joined August 2009

Yes Board Approval must contain it

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On 22 May 2017 at 16:26
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Company Secretary
70 Points Joined November 2011

Thank you everyone for your views.

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On 24 May 2017 at 12:48


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