Legal Question in Business Law in India
Business Law
The Company advances to the Directors who travel very often for Company's business. Amount of such advances sometimes exceed the actual requirement. Will it contravene any provision of the Companies Act?
Asked on 5/12/09, 12:06 pm
3 Answers from Attorneys
Pranav Desai
PD Legal & Associates
Re: Business Law
No, provided directors submits regular internal and external vouchers/receipts for the expenses made.
Answered on 5/13/09, 3:36 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: Business Law
consult a company lawyer.
Answered on 5/13/09, 6:48 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Business Law
The Directors should submit regular and timely accounts of all the monies received by them from time to time.
Answered on 5/12/09, 1:08 pm
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