Menu
Managing director
Is it compulsory to have a managing director for signing directors' report for small company including private company
Replies (4)
not necessary........ .. Directors can sign
if paid up capital is more than 10Cr in pvt company.. then it is mandatory to have MD section 203 read with rule 8
AS PER SECTION 134 , BOARD REPORT SHALL BE SIGNED BY THE CHAIRPERSON OF THE COMPANY IF AUTHORISED BY THE BOARD AND WHERE NOT AUTHORISED BY THE BOARD , THEN BY 2 DIRECTORS OF THE COMPANY OUT OF WHICH 1 SHALL BE MANAGING DIRECTOR, AND IN CASE OF SMALL COMPANY , AND PRIVATE COMPANY IT IS NOT MANDATORY TO APPOINT MANAGING DIRECTOR AND SECTION 196(4) IS NOT APPLICABLE TO PRIVATE COMPANY , SO DIRECTOR REPORT CAN BE SIGNED BY 2 OTHER DIRECTORS.
Thank you.
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
