Investments of 1 director transfer to Fixed asset

Hello Everyone,

Good day to you.

Mr. X is a director invested more than 10cr and also shows the same in B/s for F.y 2017-18 but next year all investments transfer to Fixed assets.

currently this company have 3 directors and as Mr. x investments transferred to Fixed assets that value reduced to 6.5 cr.

kindly suggest if Mr. X can get back his 10 cr investments or he can only claim 6.5cr after rectification.

Thanks in advance
Replies (1)

Is this partner? If single, he has to write off the loss to reserves. What ever this transaction is for trading only. This loss can be shared as per the loss sharing ratio by other directors when it is partnership. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details