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Disposal of Asset

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(Querist)
11 March 2010 A Private Limited Company that is NOT a subsidiary of a public company disposes off its assets. Does this require the approval of shareholders.
Please quote necessary sections for the same.

Thank You
Radhe Krishna
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CA Robin Betala

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CA Robin Betala (Expert)
11 March 2010 No there is no restriction on disposal of asset to take approval of shareholder
Section might be 293

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