Who has the authentication for signing on any document, proceedings or contracts by or on behalf of a Company? - Section 21 of the Companies Act, 2013
Section 21 of the Companies Act 2013 has been notified by the Central Government on 12th September.
Section 21 deals with the "Authentication of documents, proceedings, and contracts". Section 54 is the similar provision in Companies Act, 1956.
Who has the authentication for signing?
Any of the following persons duly authorized by the Board:
a) Key Managerial Personnel;
b) Officer of the Company;
has the authentication for signing any
i) document or proceeding required authentication by a company
ii) contracts made by or on behalf of company
Who can be called as a Key Managerial Personnel?
Sub-section 51 of section 2 of the Companies Act 2013 defining "Key Managerial Personnel" as follows:
“Key Managerial Personnel”, in relation to a company, means--
(i) the Chief Executive Officer or the managing director or the manager;
(ii) the company secretary;
(iii) the whole-time director;
(iv) the Chief Financial Officer; and
(v) such other officer as may be prescribed;
Who can be called as a Officer?
Sub-section 59 of section 2 of the Companies Act 2013 defining "Officer" as follows:
“Officer” includes any director, manager or key managerial personnel or any person in accordance with whose directions or instructions the Board of Directors or any one or more of the directors is or are accustomed to act.