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Transfer of fund from Pvt Limited to Limited

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(Querist)
18 May 2009 is there any objections to transfer the fund from pvt ltd to public limited?
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
19 May 2009 If both are same company then no pro otherwise you need to show the varesity of payment that it is a genioun transfer.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
19 May 2009 I mean to say that if Pvt limited converting to Public limited.
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
19 May 2009 Inter corportate transactions are governed by Section 372A of the Companies Act 1956 Sub section 8 (iii) exempts the applicability of the section to pvt ltd companies
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