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can a pvt ltd co. give advances to its director?

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(Querist)
29 January 2011 Dear Experts,

Can pvt ltd compnay give advances to its director for temporary period?

Company as also accepted advances from same director.
But while repaying the same company has repaid excess amt to the director.

Thanks in advacne,
Regards,
Sushil.
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CS Taher

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CS Taher (Expert)
29 January 2011 Yes a pvt ltd can give advances to its Director.

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