Hope some one can help me out with this...
I’m a director for 2 different companies ( both being startup’s). 1 company is a private limited and other Section 8 company.
I want to transfer money from pvt ltd. to section 8 company, as we have bootlegged this money for business from family, friends and self
Can this money which is transferred be treated as a interest free loan to section 8 and whether this funds can be taken back by the pvt ltd ones the section 8 stabilises or starts raising funds from Though CSR
Your feedback shall be very valuable
Thank you in advance