Transaction done through director's personal bank account

    Posted By : Damini / Published on : 17-Jul-2020 08:04 AM / View : 113 / Comment : 0
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    Dear members,

    Sale Proceeds are received into the director's personal bank account, instead of Company bank account, what remedies are available in companies Act and what is the best way to account for this transaction, Any Suggestions are welcome.

    *Note-directors have more than 10% shareholding.
    Read more on : bank account personal directors done through transaction



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