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.
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