Section 294, The Companies Act, 2009

(1) A company’s balance sheet and every copy of it whichis laid before the company in general meting or delivered to the Commission shall be signed on behalf of the board by two of the directors of the company. (2) If a copy of the balance sheet– (a) is laid before the company or delivered to the Commission without being signed as required by this section; or (b) not being a copy so laid or delivered, is issued, circulated or published in a case where the balance sheet has not been signed as so required or where (the balance sheet having been so signed) the copy does not include a copy of the signatures or signature as the case may be, Director’s Signing of balance sheet and documents to be annexed to it. 222 223 the company and every officer of it who is in default shall be guilty of an offence and be liable to a fine not exceeding Le3,000,000. (3) A company’s profit and loss account and so far as not incorporated in its individual balance sheet or profit and loss account, any group accounts of a holding company, shall be annexed to the balance sheet, and the auditors’ report and the directors’ report shall also be attached to the balance sheet. (4) The balance sheet and the profit and loss account annexed to it shall be approved by the board of directors and signed on their behalf by two directors authorised to do so.