Can company gift its assets to other
This query is : Resolved
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
Kindly support your answer with relevant provision of statute on the basis of which you are giving the answer.
Thanks with regards
11 February 2012
Refer sec 56-7.
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