Audit
Querist : Anonymous
My Query is as follows:
Can a Company (Let say ABC ltd.) transfer its funds in cash to its "Sister Concern Company" for some purpose ?
If yes ,
1.is there any limit for such fund transfer ?
2.is there any condition to disclose the purpose of such fund transfer?
What if the sister concern company has also given a loan to ABC ltd.?
PLEASE SOLVE THIS QUERY
THANK YOU!!!
Querist : Anonymous
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