in a private limited company having 3 directors, out of them 2 are outside india. They are prepared their financial statements for the year 2010-11 , before signing their balance sheet, their Auditor want the approval of directors for financial statements. the directors abroad india are unable to come India due to some pre occupied programmes. Did they can approve the Financials statements through e-mail. What are the steps they have to take for approving the same
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Validity of meeting
Replies (1)
Dear Joji Jose,
In the given situation company should hold the Board meeting abroad, at the place where 2 directors of the company are present.They sign the Financial Statements abroad, mentioning the date & place of signing; then send the Statements to India for signature of the Auditors & their Reoprt thereon.Auditors are to mention date & place in India for signing the financial statements.
Regards,
Sunil K Jain
Practising Company Secretary,
9810104162; skj13 @ rediffmail.com
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