ARUN KUMAR SONI (Tax Consultant/ Law Counsealing) 29 December 2014
Dear All,
first of All I wish you very happy new year 2015.
I came here to know that any judgement or law found in india to prohibit any companies Director to any other companies in cash more than 200000.00 or you had any other rules to prohibit in transaction made by him. I need it to solve on urgent basis
regards
Advocate Arun Kumar Soni
+919928492322
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 29 December 2014
Reserve Bank of India has tightened the money laundering rules for money transfer companies and has empowered their designated directors to penalise offerders who failed to comply with the Prevention of Money Laundering Act, 2002.
The regulator has directed these companies to nominate a director on their for this purpose. The directors can issue directive and seek reports from reporting entities time to time and can penalise them if they failed to comply with the rules.
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