Parthsarthi Patel (CA) (98 Points)
06 April 2010Dear All,
If petition filed against the company is also having a name of director in joint, can the expenses incurred b called as personal expense of director?
e.g. XYZ Pvt Ltd and applicant Mr A is mentioned in court order. Can the expenses of the litigations be called as expenses of Mr.A or company?
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 06 April 2010
If any petition filed against the name of the company alongwith the name of the director, such litigation expenses becomes the expenses of the company and not the personal expenses of the director.
regards,
ratan
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 06 April 2010
offcurse company expenses. but say thanks 2 me haaaaaaaaaaaaaaaaa
CAclubindia
