Director reimbursement

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 June 2014 Can a Director paid a expenses from his personal account on the behalf of the company and after that he will received the reimbursement from the company????????


if experts ans is No,,,then please give me some advice's, how i treat this transaction.

and

if experts ans is yes, then please tell me any compliance file to MCA regarding these transaction????
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
26 June 2014 Yes this transaction is legal and possible. It is a simple transaction. No need to inform ROC regarding that. The Director can take imperest money and after incurring the expenditure can b reimbursed by the company by issuing debit voucher.
Profile Image

CA.Vinita Gupta

Profile Image

CA.Vinita Gupta (Expert)
26 June 2014 Yes he can do, there is no MCA Compliance but Proof of expenditures incurred must be kept.
Upgrade to CAclubindia Pro. Subscribe Now!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 June 2014 Thanks to Mr. sandeep dharar and Miss Vinita Gupta.
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
26 June 2014 U r welcome dear

U can convey ur thanks by hitting the thanks button

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links