Filing of form mgt 14

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2015 Sir
Kindly answer my query:

Whether we need to file form MGT 14 in case of takeover of a proprietory concern by a Pvt Ltd Co.?????

Pratik Shah

Pratik Shah (Expert)
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08 September 2015 No need to file Form MGT-14. As taking over of proprietory concern is Board's matter. Board can pass resolution for the same. No need to take approval of Members in General meeting.

If you know, as per Notification dated 05.06.2015, Pvt Co do not require to file Form MGT-14 for any board resolution passed in Section 179(3) and corresponding rules.

Let me know if you have further query.