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Can company gift its assets to other

This query is : Resolved 
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(Querist)
07 February 2012 Kindly confirm “Can a company transfer it’s assets to other company without consideration (i.e. Gift)”.



Kindly support your answer with relevant provision of statute on the basis of which you are giving the answer.





Thanks with regards
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Vishal D Shah

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Vishal D Shah (Expert)
11 February 2012 Refer sec 56-7.

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