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Salary advance to it's whole time director~

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(Querist)
04 September 2023 Dear Expert,

Can a pvt limited company provide the salary advance to it's whole time director.

Pls clarify
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RAJA P M

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RAJA P M (Expert)
04 September 2023 No... Pvt Ltd company can't give loans to directors. Also salary advance not possible. But, You can give amount through current account if any balance payable to the director...

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