Dear All
can we maintain director 's current a/c in private limited company like we maintain in partnership firm if yes than what is the procedure if any ?
Pankaj Arora (Learner) (3134 Points)
13 November 2011Dear All
can we maintain director 's current a/c in private limited company like we maintain in partnership firm if yes than what is the procedure if any ?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 13 November 2011
Yes. You can maintain a Director's Current Account. But I don't think so there is any precribed procedure for opening and maintaining the Director's Current A/c.
Regards,
Devendra K
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