banner_ad

Advance received by director from his pvt ltd company

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 February 2011 Dear Experts,
Ours is a pvt ltd company.
Two of our directors have mistakely takne advances from company in the month of nov 10.
Suppose this remians o/s till march 11 end.

Is this allowed as per rules?

suppose this advances taken by director is returned to company in the month of Feb 11. though we need to rport in our 3cd?

Waiting for reply..
Thanks in advance
Susihl.
Profile Image

Jayashree S Iyer

Profile Image

Jayashree S Iyer (Expert)
08 February 2011 Section 295 containing provisions relating to loan to directors is not applicable to a private company. Yours being a private limited company therefore can lend to Directors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details