please reply yaar its really urgent

Refer Section 215 of companies act..it goes like this every b/s n PL of a company shall be signed on behalf of the BoD by:

1. The manager or secretary if any And

2. not less than 2 directors one of whom shall be the managing director,where there is one

thanks for replying but i could nt find the section properly..

please send some more info about this section here only...

thanks a lot

215.      Authentication of balance sheet and profit and loss account.

            (1)        Save as provided by sub-section (2), every balance sheet and every profit and loss account of a company shall be signed on behalf of the Board of directors –

                        (i)         in the case of a  banking company, by the persons specified in clause (a) or clause (b), as the case may be, of subsection (2) of section 29 of the Banking  Companies  Act, 1949; (10 of 1949).

                        (ii)        in the case of any other company,  by  its,  managing agent,  secretaries and treasurers, manager or secretary,  if any, and by not less than two directors of the company one of whom shall be a managing director where there is one.

            (2)        In  the case of a company not being a banking company,  when only one of its directors is for the time being in India, the  balance sheet  and  the  profit  and loss account  shall  be  signed  by  such director;  but in such a case there shall be attached to  the  balance sheet  and  the  profit and loss account a  statement  signed  by  him explaining  the  reason  for non-compliance  with  the  provisions  of subsection (1).

please explain this line

in the case of any other company,  by  its,  managing agent,  secretaries and treasurers, manager or secretary,  if any, and by not less than two directors of the company one of whom shall be a managing director where there is one

For example there are three directors A.,B,C where C is also the managing director of the company..and the company has also appointed a secretary but no manager is there, than the accounts should be signed by

1. the secretary

2. the manading director C

3. either A or B

So it is signed by secretary and not less than 2 directors i.e either A or B and C,where one is Managing director i.e C, if there was no C than it sud have been signed by both A and B

only chartered accountant(auditor) can sign the audited financial statement

and (by the company personnel) the report should be signed by MD if any and other two directors

therfore here both directors have to sign

THANKS A LOT SIR FOR YOU HELP SIR DO ANSWER MY QUERIES IN FUTURE