clarify my query
This query is : Resolved
04 November 2008
In a Prviate Ltd. co. a director is withdrawing say Rs. 2,500 p.m. for personal use (Drawing)
How it should be treated according to companies Act.
whether it is treated as Advance Remuneration paid or Loan to a director.
Whether the provision section 295 specifically deals about this?
How it should be treated according to companies Act.
whether it is treated as Advance Remuneration paid or Loan to a director.
Whether the provision section 295 specifically deals about this?
04 November 2008
Better show as remuneration
04 November 2008
YES. Pass a board resolution to that effect.
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