Transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2012
Can a director of a pvt ltd firm transfer amount to his personal partnership company . WiTH out the Board Approval
31 May 2012
NO he cannot( as i think).
if you are the auditor over there than check whether the funds are taken in the name of director first and than given the firm or dirctly to the firm.
Even if the fund is routed via director check dir having debit bal....so apply sec 2(22)(e) deemed dividend.
if you are the auditor over there than check whether the funds are taken in the name of director first and than given the firm or dirctly to the firm.
Even if the fund is routed via director check dir having debit bal....so apply sec 2(22)(e) deemed dividend.
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