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Posted by Nandukumar Kamat
In Limited company, the bank account closed and the balance amount of cheque issued in director name.
Any violation of law regarding the cheque received in director name after closing the company Bank Account.
Violation of Law as per Section 185 of Companies Act, 2013 - Loan to Directors.
Now cheque received in director name for Rs.3420/- can show as reimbursement of Expenses.
Please advise in above matters
Thanks & Regards
Updated on : 20/04/2018 16:12:02