EASYOFFICE
EASYOFFICE

Payment on behalf of Firm by Pvt Ltd Co. where Directors are interested

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 September 2022 We are a firm in trading business with similar business of of the private limited company, where the partners /directors are same and / or relatives of directors. Company paid to firms' supplier on their behalf to clear their dues. Is it permissable ? If any section of Company law attracted on this transactions. Payment made via bank transfer.

With thanks
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
17 September 2022 Payment made via bank transfer is allowed.

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