Debit card cash withdrawal in PVT. Ltd. Company Bank account

[Jitender Sharma]

Is it possible to have Debit card cash withdrawal in PVT. Ltd. Company Bank account by director as per company law

[DR.MARIAPPAN GOVINDARAJAN]

Your query is not clear. The details of the case along with the purposes are to be mentioned.

AI Summary

Company debit card withdrawals by directors raise corporate law compliance and purpose-based scrutiny before permitted use. Query asks if a director may make cash withdrawals from a private company bank account using a company debit card, framed as a corporate law and governance compliance question; the sole reply requests clearer factual details and the withdrawal purpose, implying that permissibility depends on authorisation, transaction purpose, and documentation required for corporate records.