Is it possible for a company to accept money from people on behalf of its client. Lets say a person becomes a client of my company and he provides me a list of people from whom he wants to collect money, can a registed LLP company accept money on its client's behalf?
1 Replies
CS Vishal Mehta
(Self Employed)
(436 Points)
Replied 16 February 2017
There is no such rule for same, but better to collect money from client only, you may have to be ready with lots of explanation and understandings in future on any inquiry and proceedings while collecting money on behalf of client.
one or two unaviodable cases may b justified but dont apply same for routine practice.
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