Director's account


19 April 2016 If director's account becomes debit. It can be objected by which departments :-

1) Income Tax
2) Registrar of companies

What will be the compliance when director's account becomes debit.

Please advise.

19 April 2016 For the restrictions, please see -
i) Section 2 (22) (e) of the Income tax Act,1961.
ii) Section 185 of the Companies Act,2013.

19 April 2016 thanks a lot sir


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