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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Disclosures and Website Disclosures

The Board of Meera Industries Ltd, a listed company, has no authorised chairperson. The Board's report is to be signed. Who may sign it under Section 134?

Where the chairperson is not authorised by the Board, the Board's report must be signed by at least two directors, one of whom is a managing director, as required by Section 134(6). The company secretary or CFO cannot sign it in their place.

  1. AThe company secretary alone
  2. BAt least two directors, one of whom is a managing directorCorrect
  3. CAny one director together with the CFO
  4. DThe chairperson of the Audit Committee alone

Explanation

Section 134(6) provides that the report is signed by the chairperson if authorised by the Board. Where he is not so authorised, at least two directors must sign, one of whom is a managing director, or the sole director where there is only one.

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