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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.
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