Sanjeev (Mgr) (28 Points)
23 September 2013Please let me know , if a public limited company (S) has sold goods to a private limited company (T) on prevailing market prices but on a credit terms of more than 30 but less than 90 days, will the central government approval be required by the Public Limited Company (S). Waiting for a response from the learned experts here.
CS. Ashish Shah
(Service)
(175 Points)
Replied 24 September 2013
Dear Sanjeev,
You have not mentioned what is the paid up capital of the public & private companies.
Regards,
CS Ashish Shah
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