date of board meeting

HI, when board meeting is held for approving annual account it is beofore signing of annual account by auditor since preparation of account is the responsibility of management of the company.

BOARD MEETING SHOULD BE HELD FOUR TIMES IN A YEAR AS PER COMPANIES ACT ,1956i.e, THE GAP BETWEEN TWO BM SHOULD NOT EXCEED THREE MONTHS.HOWEVER AS PER SECRETARIAL STANDARD -2 , BM SHOULD BE HELD ONCE IN EVERY QUARTER ,AND THE GAP MAY EXCEED THREE MONTHS, THERE U WILL SEE AN OVERRIDING EFFECT ON COMPANIES ACT,1956.AS PER MY VIEWS BOARD MEETING FOR APPROVING ANNUAL ACCOUNTS MAY HELD BEFORE SIGNING OF ANNUAL ACCOUNTS BY AUDITORS, HOWEVER TO ADOPT ANNUAL ACCOUNTS IN GENERAL MEETING IT IS NECESSARY THAT IT HELD AFTER IT IS SIGN BY AUDITOR.

HI, Further to my comments above, as per Sub-section (3) of Section 215 of the companies Act ,1956, it clearly states that annual accounts shall be approved by the Board of directors before they are signed on the behalf of the Board in accordance with provision of Sec 215 and before they are submitted to the auditors for their report thereon.

Before signing of accounts by auditors, board approves and send the accounts to Auditors for sigbnature.

Thanks for information.

Always the boardmeeting must happen every 3 months once. the board meeting not just for audit purpose apart from audit it gives more information on the process of the company. As well as the BM shoudl happen first then the auditor will sign on tha doc.

who should sign an extract from minutes of board meeting as a mark of authentication?

can a director who has attended the meeting sign an extract of a board meeting, if such extract is to be made available to third parties?

Yes, such extracts can be signed by such director.

Hi amar chandra,

Concept over this is as follows:

1) Preparation of the financial statements are the responsibility of the management, and auditor's responsibility of the auditors is to express an opinion on the financial statements.

2) It is always the board meeting will be first which will approve the books (financial statements) then the auditor will certify (express the opinion) on the same.

3) But practically, auditor will start the work before the board meeting and ensure that the opinion is ready by the board meeting.

 I agree with Vrnanda