I have incurred expences towards company incorporation where there is no bills/ receipts. After the incorporation also, there are expences like import export license,apeda Registration, food licence, municipality trade license, subscripttion for importers details. Many of these expenses are not having bills or receipts. And all the above expenses are incurred from the personal account of the director over a period of about 8-9 months, but before commencement of business. Do I need to have an approval of these expenses in a specially called board meeting?
CAclubindia
