CA D Santosh Kumar Patro (Asst. Manager Finance & Controlling) (88 Points)
08 July 2009Hi Friends
Some one can tell what is meaning of sister concern under corporate law and which sec deals with the same?
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 08 July 2009
Hi
Meaning of Sister concern is not given under the Companies Act, 1956 but if u see section 370 (1B) it cover two bodies corporate under the same management.
CAclubindia
