RELATED PARTY TRANSACTIONS - Discounting charges

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In case of a NBFC where it is engaged in bill discounting, I have following queries:

1. Whether it can re discount the said bill further?

2. If yes, then can it rediscount the same with a proprietorship concern wherein the HUF of the director is a Propreitor

3. Whether the above discounting charges paid by Nbfc to HUF will be treated as related party transactions and the same will be disclosed in its financials?
Replies (1)

Yes. 
 

 

 


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