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A company has several directors including a managing director. The board has not authorised the chairperson to sign the Board's report. Who must sign the report under section 134(6) of the Companies…

Question and options

A company has several directors including a managing director. The board has not authorised the chairperson to sign the Board's report. Who must sign the report under section 134(6) of the Companies Act, 2013?

  1. At least two directors, one of whom is the managing director

  2. Any two directors, whether or not one is the managing director

  3. The managing director and the chief financial officer

  4. The managing director and the company secretary

Answer and explanation

Correct answer: A - At least two directors, one of whom is the managing director

Section 134(6) of the Companies Act, 2013 requires the Board's report to be signed by the chairperson if authorised by the board, and otherwise by at least two directors, one of whom must be the managing director where the company has one. Any two directors will not do when a managing director exists. The company secretary and chief financial officer sign the financial statements under section 134(1), not the Board's report.

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