CS Professional · Drafting, Pleadings and Appearances · Art of Advocacy and Appearances
In preparing a reply for Sagar Foods Ltd, CS Vikram checks who signed the Board's report. The company has a chairperson who has been authorised by the Board, and also a managing director. Under section 134, who may sign the Board's report?
The authorised chairperson may sign the Board's report. Section 134(6) says the chairperson signs if the Board has authorised him; otherwise at least two directors, one being managing director, sign. The company secretary, auditor or a shareholder does not sign it.
- AThe authorised chairpersonCorrect
- BOnly the company secretary
- COnly the statutory auditor
- DAny one shareholder
Explanation
Section 134(6) provides that the Board's report is signed by the chairperson if authorised by the Board; otherwise by at least two directors, one being the managing director, or by the director where there is one director. The company secretary, auditor or a shareholder is not the signatory.
Did you get it right without looking?
One question tells you little. A timed set on Art of Advocacy and Appearances shows your real accuracy, how long you take and where you lose marks.
More Art of Advocacy and Appearances questions
- Preparing exhibits for a hearing, a representative of Lotus Foods Ltd wants to show that the financial statement was circulated properly. Wh…
- Arjun, a company secretary, prepares to represent a client at a hearing. Which preparation step best reflects the skill of anticipating the …
- While preparing a case on default in financial reporting, advocate Sanjay checks who must sign the Board's report of Kaveri Textiles Ltd, wh…
- Meera Foods Pvt Ltd, a body corporate, holds shares in Kaveri Agro Ltd. Its Board wishes Ms. Rao, a company secretary, to attend and vote at…
- A Section 8 company's compromise and arrangement proceeding under the Companies Act, 1956 was pending before a High Court immediately before…
- CS Meera, a practising company secretary, is told by a client that she may be proceeded against for conduct that is not listed in any Schedu…