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Ownership of Land and buildings vests with different persons

AS 494 views 1 replies

Building of registered office of family owned business is owned by Unlisted Public Ltd co, whereas Land is owned by one Promoter.

Any impact in accounts - disclosure etc.

Please advise

Replies (1)

should not have any impact unless there is any transaction such as rent paid etc. In that case, it would be a related party transaction and relevant related party disclosures would have to be made.


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