Building of registered office of family owned business is owned by Unlisted Public Ltd co, whereas Land is owned by one Promoter.
Any impact in accounts - disclosure etc.
Please advise
Jayanta Bandyopadhyay (229 Points)
09 April 2024Building of registered office of family owned business is owned by Unlisted Public Ltd co, whereas Land is owned by one Promoter.
Any impact in accounts - disclosure etc.
Please advise
Nikhil Kaushik
(Fellow CA)
(85103 Points)
Replied 09 April 2024
should not have any impact unless there is any transaction such as rent paid etc. In that case, it would be a related party transaction and relevant related party disclosures would have to be made.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)