Secton 215 of companies act

Yes,  As per the Section 215(ii)  of the companies Act, 1956,

Every BS and P&L shall be signed on behalf of the Board of Directors in the case of any other company by its   manager or secretary, ifany, and by not less than two directors of the company one of whom shall be a MD where there is one.

AS per Section 215(ii) The Balance Sheet and P&L  by manager and secretary  where ther is one is what the act says but as per Sec 383A every private limited company having a piad up capital exceeding Rs.5 crores and above shall have a whole time  secretary in that case if the Balance Sheet and P&L of the said private limited company is not signed will that not lead to a violation??

yes it leads to default, however there is a defence available,  see the provisions of 383A (1A)

Yeah it says that the con pany and every officer o the company shall be punishable with a fine that many entend upto Rs.500/- for every day during the default.

Thanks to all ot you,

My next question is : Whether section 215 applies to private compaies also ?

If yes can anyyone suggest me the name of any private company which has paid up capital more than 5 cr and got the financials signed by the CS.

regards

vaibhav

yes, it is applicable private limited co , please go through the provisions its says any other company(other than the banking company)