Can a director bring cash

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 December 2015 In case of private company, can a director bring cash , (either for loan or for share capital), what are the consequences for above two issues,

22 December 2015 There is no prohibtion on director, but company will be penalized under Income Tax Act



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries