banner_ad

Withdrawl of funds by director

Others 1304 views 4 replies
a pvt ltd having family members as directors,they have retained profit in the company every year in reserve and surplus account, can they withdraw the amount from reserves or whether they can withdraw any amount as a loan from the company ?
Replies (4)

They can withdraw profits in their profit sharing ratios or take it as a loan

As a loan can be withdrawn

Directors can take performance bonus from Profit earned during the year but have to pay tax on it.

 BESIDES MENTIONED ABOVE BY MY FRIENDS, THE COMPANY CAN ISSUE DIVIDEND SO THAT DIRECTORS & SHAREHOLDERS GET BACK SOME RETURNS


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details