Section 314

Relative of Director was appointed as Consultant on 1st October, 2010 for a period of 5 years. The Company has passed Special Resolution and also filed e-Form 23 with MCA. It has come to the notice that he has been paid consultancy fees form the month of July  instead of October. Since the payment has already been made and refund is not possible as books of accounts for the FY 2010-2011 has been closed.

What is the way out to adjust the 3 months consultancy fees already paid to him? 

Replies (4)

It can also be adjusted after that period.

is there not any other way out apart from showing it as refund?
is there not any other way out apart from showing it as refund?
Ms. Shreya, If you d'nt want to show it as refund. You can show it as bonus or incentive or loan or advance.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

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

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details