26 July 2009
Is there any restriction on the subsidiary company for giving interest free Advance against supply of goods to its holding company..? if yes then is there any time period under which this advance should be recovered..?
26 July 2009
My Question is - Can a Subsidiary Company can give advance to its holding company against supply of goods..? If yes than is it possible that the advance can be recovered over a period of five years against the supply of goods by the holding company..? Does it require any pre-board approval or not..
CAclubindia
