Hi Community Members,
Can you please guide me with the below-mentioned questions?
1. How many directors may get reimbursement from the Company?
2. Do the Director need to submit proof and how?
3. Director of the company can also work as an employee and get salary?
4. What kind of reimbursement is allowed for Directors?
Thanks in Advance for your help.
Understanding Director Reimbursements: Number, Proof, Dual Roles, and Types Under Companies Act 2013 A user inquired about the reimbursement and roles of company directors, asking how many directors can receive reimbursement, whether they need to submit proof, if a director can also work as an employee and receive a salary, and the types of reimbursements allowed. A respondent directed them to specific sections of the Companies Act 2013 for guidance. The inquirer requested more straightforward answers due to limited accounting knowledge. (AI Summary)