Your query https://rice-puller.com/231001 My answer ) In short, it is possible for a sister concern company to conduct RTGS transactions involving a large amount of money, but several conditions must be met:

1. The transactions must comply with the Companies Act, 2013, including provisions related to related party transactions. 2. Board approval is typically required, given the shared top management between the parent company and the sister concern. 3. Proper disclosure of the transaction is necessary in financial statements and annual reports. 4. The company must adhere to banking regulations set by the Reserve Bank of India (RBI) and the relevant bank.

With proper adherence to these legal and regulatory requirements, such transactions can be conducted. However, it is advisable to seek professional legal and financial guidance to ensure full compliance.

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