08 August 2009
There is a partnership firm X that has branches all over india and it has 8 partners...there is another firm Y which is a very small firm with near nil busines and all the spouse of X are partners in Y.If all the shares of Y are sold to any other private limited company at astronomical price by the shareholders of Y..what questions can be asked regarding this sell at inappropriate price or sell at very high price without any busines!
CAclubindia
