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Asset of a Co.

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(Querist)
22 July 2010 Can Director purchase assets on behalf of a company or not ?
Please provide me with relevant section.
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srinath

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srinath (Expert)
22 July 2010 only directors need to purchase on behalf of the company... but the director should have necessary powers.

powers can be delegated by a board resolution or provision in memorandum of association or articles or association.

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