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The board of a company has not authorised its chairperson to sign the Board’s report. Under section 134(6) of the Companies Act, 2013, who must sign it?

Question and options

The board of a company has not authorised its chairperson to sign the Board’s report. Under section 134(6) of the Companies Act, 2013, who must sign it?

  1. Any single director whom the board chooses for the purpose

  2. At least two directors, including the managing director if there is one

  3. The managing director and the chief financial officer together

  4. The company secretary together with any one director

Answer and explanation

Correct answer: B - At least two directors, including the managing director if there is one

Section 134(6) of the Companies Act, 2013 requires the Board’s report to be signed by the chairperson if authorised by the board; otherwise it must be signed by at least two directors, including the managing director if there is one, or by the only director where there is one. The chief financial officer and company secretary sign the financial statements under section 134(1), not the Board’s report.

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