Dear Team,
Our company is giving its premises on leave & licence to one of its group company. Will section 188 of related party attract the transaction. As per my view section 188 speaks about
"Leasing of property of any kind"
So we dont come under the purview of section 188.Pleaseguide.
Regards
Namrata Pai
it cover under section 188 as leave and license agreement constitute lease
Bharat Shah & Associates
Mumbai
CA Inter
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Anupam Parashar & Co.
Ghaziabad
CA Final
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CCI
Pro
CAclubindia
