Billing between 2 companies having same directors
This query is : Resolved
vipin singh
(Querist)
31 July 2015
Is it lawful to bill another company for the services not offered by the other company (both the companies have same directors)
eg. One company is a Software Development company while the other one is Travel Company. Can the Software company bill the Travel Company for the software it developed for them? Both the companies have same directors.
eg. One company is a Software Development company while the other one is Travel Company. Can the Software company bill the Travel Company for the software it developed for them? Both the companies have same directors.
Pratik Shah
(Expert)
31 July 2015
Yes..it is possible provided you comply with Section 188 of Companies Act 2013 (Related Party Transactions)
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