Sec160 deposit from body corporate

556 views 2 replies
Dear All,
 
can Corporate Body who is member of other corporate can give deposit? if yes? how? and Related Party transcation will attract?..........
Thanks.....
CS Rajesh Solanki.....
 
Replies (2)

1.  Yes, deposit can be given.

2.  By cheque/DD etc.

3.  It will not be a related party transaction.

 

Originally posted by : P C Agrawal
1.  Yes, deposit can be given.

2.  By cheque/DD etc.

3.  It will not be a related party transaction.

 

Agree.....


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