Dear All,
Please advise
In our accounts we passed a journal entry to the extent of Rs.25,00,000/- . for transfer of loan amount from one director account to another director account as per their instructions.
Is it voilation of Sec.269 SS.
RAMA KRISHNA (Sr.Executive - Accts & Preparing for IPCC) (670 Points)
27 August 2009Dear All,
Please advise
In our accounts we passed a journal entry to the extent of Rs.25,00,000/- . for transfer of loan amount from one director account to another director account as per their instructions.
Is it voilation of Sec.269 SS.
CA Ramesh Kr Verma
(Partner)
(138 Points)
Replied 28 August 2009
CAclubindia
