Signing of the balancesheet , p & l , cash flow statement

Others 536 views 1 replies

Hello

LISTED COMPANY

Query :

 

1) can INDEPENDENT DIRECTOR sign the  Audited Financial Statement  ????

 

2) If  Whole Time Director Is Out Of Mumbai  ( but present In India ) on The date Of Board Meeting When Financial Statement Is Adopted and Approved , CAN  HE SIGN   the Audited Financial Stament  despite Of His Absence on that day ????

 

pls suggest with supporting 

 

regards

Replies (1)

Directors are required to sign unaudited financials and then submit to auditors for auditing.  After the financials are approved by the Board, directors who are authorised (including independent director) can sign the same and put the date of signing.

 


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