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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Replies (2)
check with AS 18
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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