Is cash withdrawal compalsary by a company ex:- I have only withdraw cash 20000/- April to till date and all the exp paid through bank.?
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Quick Summary
This discussion clarifies whether companies are legally required to make cash withdrawals. The consensus is that cash withdrawal is not mandatory for businesses. While some expenses might be paid via bank transfer, the necessity of cash withdrawals depends on the company's specific policies and how it chooses to manage its finances.