Who is elegible to sign audited financial statements of a company other than a charetered accountant??
in this case the company has 2 directors another query whether they both should sign or any one of them can sign????
please reply ASAP
Who is elegible to sign audited financial statements of a company other than a charetered accountant??
in this case the company has 2 directors another query whether they both should sign or any one of them can sign????
please reply ASAP
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
| Originally posted by :Mohan Dagha | ||
| " | 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
| Originally posted by :Hemant Kumar | ||
| " | 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
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