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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.

  1. AThe authorised chairpersonCorrect
  2. BOnly the company secretary
  3. COnly the statutory auditor
  4. 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.

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