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Can a director bring cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2015 In case of private company, can a director bring cash , (either for loan or for share capital), what are the consequences for above two issues,
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FCMA CS Pardeep Khaneja

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FCMA CS Pardeep Khaneja (Expert)
22 December 2015 There is no prohibtion on director, but company will be penalized under Income Tax Act

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