Saurav (CA) (211 Points)
27 May 2016M/s K&Co. Pro:(Mrs. Sunita Modi) Transfer her business to Rajendra Huf who's karta is brother of Sunita Husband
M/s R&Co. Pro (Mrs.kinjal Modi) Transfer her business to Sunil Huf who's Karta is brother of kinjal husband.
Cross transfer of business.
whether their is requirment for prepration of MOU for audit purpose as Proof.aur any othe documents requirment..
Pls.. Suggest proper Answer
avinash singh
(Student)
(122 Points)
Replied 27 May 2016
By transferring your business ownership ,you'll commit to a contract that details the conditions and payments you'll receive for the temporary rights to the business.
Transferring ownership of the family business you can go with MOU.
CAclubindia
