5 lakh at a time to director

Hello sir,

I want to ask you that can a pvt. ltd. company give 5 lakh to a new joining director, if yes then what will be entry?

i.e. a Pvt. Ltd. company has 2 director and now 2nd direcor has died now company has appointed new director who is father in law of first director now first director want give him 5 lakh in the month of Jan-18, is it possible?

please help.



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