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what is procedure to transfer funds between companies
registered under sec 25 of the companies act? Is there is
possible to get exemption certificate?



what is procedure to transfer funds between companies registered under sec 25 of the companies act..

Answer / anonymous

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.

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