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Credit card

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Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2012 Can Company's expenses can be paid by Dirctor's Credit Card?

CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
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25 December 2012 Dear Friend, the expenses of company paid by its directors' credit card will be considered as Unsecured Loan by director to the company.Thanks

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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25 December 2012 yes can be paid.. latter on co. will discharge its liability by paying to director.
but its must be authorized .....

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