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debit balance of director

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(Querist)
01 November 2010 a director can have a debit balance in a company for incurring any expense, this is an relation in 2(22)e under IT act. and also he is having holding more than 20 %
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NITIN SHARMA

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NITIN SHARMA (Expert)
07 November 2010 I COULD NOT UDERSTAND YOUR QUESTION PLEASE MAKE IT CLEAR.

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