Dear All,
Can anyone please tell me that which act defines "SISTER CONCERN"..Also tell me that under which section it is defined.
Please provide me the specific answer.
Thanks,
Saumya Agarwal
Saumya Agarwal (student) (50 Points)
13 April 2011Dear All,
Can anyone please tell me that which act defines "SISTER CONCERN"..Also tell me that under which section it is defined.
Please provide me the specific answer.
Thanks,
Saumya Agarwal
CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 13 April 2011
Sister Concerns means organisations under the same management. Where the important decisions(control and management) are taken by a person or group of persons managing one or more organisations.
As discussed in /forum/sister-concern-30252.asp
No act defines the term sister concern. It is just terminology used by many.
Saumya Agarwal
(student)
(50 Points)
Replied 14 April 2011
Thanks Sunny.The information you gave will really help me.
Thanks!
-Saumya Agarwal
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