Drawings in private limited company
This query is : Resolved
14 March 2012
hello sir,
My name is laxman from jaipur. I want to ask thak can a private limited company's directors do drawings?
and what is the limit for drawings for one yerar?
My name is laxman from jaipur. I want to ask thak can a private limited company's directors do drawings?
and what is the limit for drawings for one yerar?
14 March 2012
Drawings concept is not applicable to companies.
The director can withdraw the money as remuneration, advance or loan but not drawings.
The director can withdraw the money as remuneration, advance or loan but not drawings.
14 March 2012
In case of private limited companies,amount advanced to directors will be treated as deemed dividend to the extent of its accumulated profits.
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