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Signatures by foreign director

kings22 (Shareholder) (120 Points)

02 October 2020  

For private limited company the Board report and Financial Statements have to be signed by two directors - one is resident in India and the 2nd director is abroad.

How do companies get signatures from foreign director ? Can they just sign, scan and email the documents or these have to be signed and mailed with wet signatures ? Any guidance on how other companies do this? Many Thanks


 3 Replies

CS M Pota (Company Secreatary) (3095 Points)
Replied 02 October 2020

They can sign and scan the documents

1 Like

kings22 (Shareholder) (120 Points)
Replied 03 October 2020

Thank you. Does this apply to Financial documents (Balance Sheet, P&L, Audit Statement) and also Company Report for ROC?

Also, can you please guide me how many signatures are required on each of these :before submitting via AOC-4 and MGT-7

1- Financial Statements

2- Board Report 

Thanks and Regards


CS M Pota (Company Secreatary) (3095 Points)
Replied 03 October 2020

For the Financial statement and Board Report:

The financial statement, including consolidated financial statement, if any, shall be approved by the Board of Directors before they are signed on behalf of the Board by the chairperson of the company where he is authorised by the Board or by two directors out of which one shall be managing director, if any, and the Chief Executive Officer, the Chief Financial Officer and the company secretary of the company, wherever they are appointed or in the case of One Person Company, only by one director, for submission to the auditor for his report thereon.


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