Money withdrwn from compny
This query is : Resolved
17 July 2014
one Company and Proprietorship Firm
director and proprietor are same person
he want to withdrew money from company
please suggest me how is made for transaction
director and proprietor are same person
he want to withdrew money from company
please suggest me how is made for transaction
17 July 2014
This will be treated as Loan to Director which is prohibited under section 185 of Companies Act, 2013. This section is applicable on both public and private companies.
Please take note of the same. So avoid this transaction.
Thanks
Please take note of the same. So avoid this transaction.
Thanks
17 July 2014
but he want to withdrew money in the company so please suggest any other way that transaction is possible?
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