Companies act 2013-reply urgently please
This query is : Resolved
03 December 2014
Our co.gives directors remuneration to one of its director Rs.300000 per month. Every month entry of directors remuneration is made but the amount is actually not given to the director and transferred to directors current account.
And the director transfers app.Rs.200000 per month to the company and trandferred to current account...
What are the implication of the same as per companies act 2013 as director doesnt withdraw remuneration amount and even gives amount as loan to the company????????
And the director transfers app.Rs.200000 per month to the company and trandferred to current account...
What are the implication of the same as per companies act 2013 as director doesnt withdraw remuneration amount and even gives amount as loan to the company????????
03 December 2014
Rs. 3 L shall be considered as directors remuneration.
Rs. 2 L shall be considered as loan given by director to the company.
As per new companies act 2013 a company can take loan from director, so there is no problem as such.
You will have to file a return of deposits by 30 th june every year.
Rs. 2 L shall be considered as loan given by director to the company.
As per new companies act 2013 a company can take loan from director, so there is no problem as such.
You will have to file a return of deposits by 30 th june every year.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
