Cash Advance paid to Directors
This query is : Resolved
09 December 2008
sir,
If we have paid Cash Advance around 50 Thousand to one of our Director's any resolution to be passed?
pl. breif if complications
If we have paid Cash Advance around 50 Thousand to one of our Director's any resolution to be passed?
pl. breif if complications
S Kedarnath
(Expert)
11 December 2008
In case of a public company any advance paid to a director is subject to the provisions of Section 295 of the Companies Act, 1956. However, in case of a private company this provision is not applicable. Any advance to a director should be through a resolution of a Board, unless it is a travel advance or a salary advance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- 18% Rent a cab
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Rectification under processing even after 6 months cpc portal
- RCM and same line
- Capital gain on commercial property and investment in residential property
- Rent agreement of House of deceased person
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
