Signing of balance sheet.
Querist : Anonymous
Is it mandatory for a Company Secretary to sign a Balance Sheet. What would be the effect if he does not sign the same for any reason.
BR,
the company, and every officer of the company who is in default, shall be punishable with fine which may extend to five thousand rupees.
Querist : Anonymous
Jitendra, Prashant, Charu.
But while having a discussion with my CS friends i came across cases where Company Secretary had not signed the Balance Sheet and all for reasons unknown. May be that there are some problems in that Balance Sheet. Is it OK for the CS to say no to signing.
BR.
You can do so but if your case comes into scrutiny then only u may have to face penal consequences for non compliance of section 215.
you will face problem in case of scrutiny.
Querist : Anonymous
Jitendra and Charu
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