Authentication of balance sheet and profit and loss account by secretary obligatory and whether secretary renders himself for errors in balance sheet only as officer
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Secretary liability arises as an officer for account errors; signing alone does not create personal liability. Authentication of a company's balance sheet and profit and loss account by the secretary is performed on behalf of the board and does not by itself create personal liability; the secretary is liable only as an officer of the company. If the secretary is charged with maintaining accounts or assisting the auditor, the secretary may be held responsible for wrong statements in the accounts because of those duties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Secretary liability arises as an officer for account errors; signing alone does not create personal liability.
Authentication of a company's balance sheet and profit and loss account by the secretary is performed on behalf of the board and does not by itself create personal liability; the secretary is liable only as an officer of the company. If the secretary is charged with maintaining accounts or assisting the auditor, the secretary may be held responsible for wrong statements in the accounts because of those duties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
