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Billing between 2 companies having same directors

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(Querist)
31 July 2015 Is it lawful to bill another company for the services not offered by the other company (both the companies have same directors)

eg. One company is a Software Development company while the other one is Travel Company. Can the Software company bill the Travel Company for the software it developed for them? Both the companies have same directors.
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Pratik Shah

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Pratik Shah (Expert)
31 July 2015 Yes..it is possible provided you comply with Section 188 of Companies Act 2013 (Related Party Transactions)
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