WebMar 26, 2024 · Approving a company’s financial statements is one of the board’s core irreducible responsibilities. Discharging this responsibility requires a proper corporate … WebUnder certain circumstances, directors may be liable for debts incurred by the company when the company is unable to pay those debts, as and when they fall due and payable (i.e. the company is insolvent). This is because one of the fundamental duties of a director of any company is to ensure that the company does not trade while it is insolvent.

Commonly asked questions about the signing of deeds and …

WebJan 11, 2024 · The Model Articles provide that this can be determined by the directors. If the directors do not do this, then one authorised person (a director, company secretary or any other person authorised to sign) can sign and this must be in the presence of a witness. Can the same individual sign as a director and the secretary on behalf of a … phenix foods phenix city al

Signing of financial statements by resigned/newly appointed …

WebAug 4, 2024 · As per Section 134 of the Companies Act, it is mandatory that the financial statement should be signed by at least two directors. 9. Can an independent Director … WebApr 25, 2014 · Financial statements have to be approved by the Board and signed by persons specified in Sec.134 (1) of CA 2013. Hence only the directors on the date of approval can be authorised to sign it. Online classes for CA CS CMA, Professional courses for GST, Accounts, Tally etc, & Books. Vijeta Nathani (Student ) (56 Points) Web2. Directors’ interests include personal holdings, beneficial interests of the immediate family and deemed interest as defined under Section 7 of the Companies Act. Interests in rights or share options are also required to be disclosed. If a director resigns after the end of the financial year/period but before the date of the Directors’ phenix furniture company warren pa