Accounts

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Manager Accounts & Finance
43 Points Posted on 07 January 2012

Dear Sir/Madam,

 

Please guide me about that how we can transfer the cash from sister concern? 

Your reply is highly appreciatble.

 

Thanks & Regards,

Sanjiv Dhiman

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On 07 January 2012 at 11:17 Report
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Managing Director
361 Points Posted on 07 January 2012

check with AS 18

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On 07 January 2012 at 18:37
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Chartered Accountant
316 Points Posted on 07 January 2012

You may transfer "Cash" to your Sister Concern but you are require to disclose the matter in notes on accounts as per AS-18. Remember that such loan amount doesnot exceeds the limit as per Section 372 (Inter-corporate Loan) of Companies Act.

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On 07 January 2012 at 23:01

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