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compliance regarding sec 295

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24 August 2009 sir i am doing audit in a deemed public company in this co M.D. withdraw around 27 lakhs in cash is it comes under purview of sec 295 if not then explain regarding the section.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
24 August 2009 Yes, It should come if the transection is not geniun.

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