Ceiling limit for director's cash withdraw in a day

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2014 Dear All,
I want to know How much amount can A Director withdraw from his/her company by cash & through Cheque in a single day.......How much amount can a company pay in Cash in a day.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 August 2014 as defined in articles of association of the co

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2014 As I was told company can withdraw only Rs:- 20000/- per day in Cash, but no limit for cheque......in case of payment company can pay only Rs:- 20000/- in cash....Isn't ??????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 August 2014 that is cos of sec 40A (3) attracting disallowance for cash withdrawal thats y

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