Deposit accepted by pvt ltd company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2016
Sir
Company is doing Hospital business
They had appointed Doctors on a contract basis and taken from them security deposit which will refunded after contract is completed.
Whether company can do this type of contracts?
Can Company pay Interest on It?
Is there any compliance have to do by company or Contractor?
Sir can you give provision under which it will cover?
Under which had it is to be disclosed in financial statement?
Company is doing Hospital business
They had appointed Doctors on a contract basis and taken from them security deposit which will refunded after contract is completed.
Whether company can do this type of contracts?
Can Company pay Interest on It?
Is there any compliance have to do by company or Contractor?
Sir can you give provision under which it will cover?
Under which had it is to be disclosed in financial statement?
22 July 2016
Yes the Company can do so
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2016
Sir can you give provision under which it will cover? Under which had it is to be disclosed in financial statement?
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