Can Director pay for goods purchase behalf of OPC/Private limited company ?
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Can Director pay for goods purchase behalf of OPC/Private limited company ?
Replies (2)
Yes, if reimbursed him appropriately.
If OCB and ALM Criteria complied then no issue ,else it may questioned that why company is not purchasing itself while buying through director ? If director is in the business it may be RPT u/s 188...
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