Advance salary to md
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2013
can a finance company advance 6 months salary as advance to its MD, which can be adjusted before March, Salary adv apprx rs 10.00 Lacs
what will be the impact as per company's act and as per IT Act sec 2
what will be the impact as per company's act and as per IT Act sec 2
Ajay Mishra
(Expert)
23 September 2013
Hi
The Company Act, 1956 permit you to give salary annually.
So you can adjust.
The Company Act, 1956 permit you to give salary annually.
So you can adjust.
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