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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2012
dear sir/madam, can a director of a pvt. ltd. company introduced his personal land/property, cash in the company. please explain
Ajay Mishra
(Expert)
20 June 2012
Hi
If director are using their land for company purpose an agreement should be made between company and director and if possible rent will receive for the same from company by director.
The cash given by director will be treated as loan given by director to the company.
Regards
If director are using their land for company purpose an agreement should be made between company and director and if possible rent will receive for the same from company by director.
The cash given by director will be treated as loan given by director to the company.
Regards
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