As per RBI notification, receipt and payment account is only required in case of Branch Office and Liaison Office. So R&P is not applicable on Project office. Although as per companies Act, cash flow is applicable on every company except opc and small company. Therefore, is cash flow applicable on Project Office?
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Applicability of cash flow statement on a Project office in India
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Project office needn't be a registered office but governs the cash flow of the project.
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