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Director reimbursement

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Querist : Anonymous

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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????
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Sandeep Dharar

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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.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
26 June 2014 Yes he can do, there is no MCA Compliance but Proof of expenditures incurred must be kept.
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Querist : Anonymous

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

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

U can convey ur thanks by hitting the thanks button

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