investment
This query is : Resolved
23 November 2007
Is investment in shares of subsidiary companies a Trade-investment or non-trade investment
23 November 2007
IF THE INVESTMENT CAN BE PROVED TO HAVE BEEN DONE FOR THE BUSINESS OF THE COMPANY(EITHER FOR ITS CORE OR PRINCIPAL BUSINESS OR IN FURTHERANCE OF ITS MAIN OBJECTS),YES,IT IS TRADE INV.
OTHERWISE IT IS NON TRADE INV.
R.V.RAO
OTHERWISE IT IS NON TRADE INV.
R.V.RAO
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