22 January 2016
a small p.ltd. company having paid up capital of just rs. 10 lacs has 2 pieces of land. it wants to demerge itself and thereby one land will go to new company.
my question ---> is high court permission required?
my view --> small companies dont require court permission, under companies act 2013. national company tribnal not yet formed, am i right?
CAclubindia
