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? How will the amount of Rs.1 lakh, received by the Company, from a person who is proposed to be appointed as director and is not appointed in the GM be treated?

Section 160- Right of persons other than retiring directors to stand for directorship.

Posted By: Akansha 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

It should be treated as kind of security amount

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