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TaxTMI 
Is it possible to have Debit card cash withdrawal in PVT. Ltd. Company Bank account by director as per company law
Debit card cash withdrawal in PVT. Ltd. Company Bank account
11 Sep 2014 
1 Reply 
5997 Views Asked by
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. (AI Summary)
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. (AI Summary)