Director making payment on behalf of Company by Personal Credit Card
This query is : Resolved
26 October 2023
Sir, I am a Director of a Private Limited Company. Recently we purchased few Compnay required items from Alibaba.com. We used the Imp /Ex Code of the Company. I used my personal Credit Card to make a pmt of about US$ 3250. To complete the transaction with my Bank I have provided all the required details like Invoice, Payment , Delivery, etc to the Bank. They are not closing the transaction stating that Director Cannot make payment on behalf of the Company. Please advise.
27 October 2023
Director can make payment on behalf of the company.
Show the link.
https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=22971&kw=Rent%2Dpaid%2Dby%2Ddirector%2Dof%2Dthe%2Dcompany%2Din%2Dher%2Dindividual%2Dcapacity%2Ddirectors%2Dserve%2Das%2Dagents%2Dany%2Dtransaction%2Dcarried%2Dout%2Dby%2Dthe%2Ddirectors%2Don%2Dbehalf%2Dof%2Dthe%2Dcompany%2Dis%2Da%2Dvalid%2Dtransaction%2DTri
Show the link.
https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=22971&kw=Rent%2Dpaid%2Dby%2Ddirector%2Dof%2Dthe%2Dcompany%2Din%2Dher%2Dindividual%2Dcapacity%2Ddirectors%2Dserve%2Das%2Dagents%2Dany%2Dtransaction%2Dcarried%2Dout%2Dby%2Dthe%2Ddirectors%2Don%2Dbehalf%2Dof%2Dthe%2Dcompany%2Dis%2Da%2Dvalid%2Dtransaction%2DTri
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