Demerger- court approval required for small pvt ltd company?
This query is : Resolved
22 January 2016
a small p.ltd. company having paid up capital of just rs. 10 lacs has 2 pieces of land. it wants to demerge itself and thereby one land will go to new company.
my question ---> is high court permission required?
my view --> small companies dont require court permission, under companies act 2013. national company tribnal not yet formed, am i right?
regards, ca kunjan, 9222922292
my question ---> is high court permission required?
my view --> small companies dont require court permission, under companies act 2013. national company tribnal not yet formed, am i right?
regards, ca kunjan, 9222922292
CS Divesh Goyal
(Expert)
08 February 2016
yes for demerger court approval required in all type of Companies.
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