Transfer of fund from Pvt Limited to Limited
This query is : Resolved
Purushotham
(Querist)
18 May 2009
is there any objections to transfer the fund from pvt ltd to public limited?
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.
19 May 2009
I mean to say that if Pvt limited converting to Public limited.
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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