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hello all,
can a nominee director, who is also the only director and signs the FS, approve the FS? or do we need approval from the UBO?
You will more likely get a prompt response to a Q posted to the ask the tutor forum rather than this student forum.
Who approves annual financial statements is a matter of company law – if the board of directors (usual) the board’s approval will be minuted in board minutes and the financial statements will be signed and dated on behalf of the board – e.g. by one director (if there is only one) or by two directors.
A nominee director has no separate recognition in the UK, for example, so if a company has only one director (by whatever “label”), that is who will approve the financial statements.
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