In Section 134, it states that the Financial Statements shall be signed by any of the following:
1. Chairperson, if he is authorised,
2. Atleast two directors, one must be MD,
3. CFO, if any
4. CS, if any or
5. CEO, if he is a director.
So for a small private company where Chairperson, CFO, CS, CEO are not appointed is MD must as it doesn't say "MD, if any" like it used to be earlier and implying that two normal directors can't sign. The same can also be observed in signatories of Director's Report.
Conclusions and Discussions on the topic will be appreciated.
Thanks in advance.
CAclubindia
