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Categories >> Accounting >> CompanyAffairs CS


 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
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 Accounting General interview questions  Accounting General Interview Questions (2815)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4365)
what is procedure to transfer funds between companies 
registered under sec 25 of the companies act? Is there is 
possible to get exemption certificate?
 Question Submitted By :: CompanyAffairs-CS
I also faced this Question!!     Answer Posted By  
# 1
U/s 25 companies are Non-profit making companies like NGO's, Trust etc. NGO's can get exemption certificate under FCRA( Foreign Currency Regulation Act where as Other can get if they are registered under turst or society Act. 
Is This Answer Correct ?    0 Yes 1 No

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