Query about audit

Financials can be authenticated by its 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.

But 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 sub-section (1).