Board meeting for sale of asset
This query is : Open
05 February 2021
Hi,
Does board meeting need to be held and board resolution need to be passed mandatorily for sale of any fixed asset of private limited company?
Does board meeting need to be held and board resolution need to be passed mandatorily for sale of any fixed asset of private limited company?
06 February 2021
Not mandatory, but subject to the provisions, if any , in the MOA /AOA of the company.
Inference :- Section 179(3) of Co's Act,2013 r.a.w rule 8 of Co's (M.O.D & its Powers) Rules,2014.
Inference :- Section 179(3) of Co's Act,2013 r.a.w rule 8 of Co's (M.O.D & its Powers) Rules,2014.
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