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Sale of company

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2011 Please help me on the following problem?

My one assessee is having private limited company. The directors want to wind up the operations. But instead of winding the operations now the directors are planning to sell the company to my other assessee who is an individual. That individual will then run the business of that company and will become director of that company.

Please help how it will be done?
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Guest (Expert)
17 December 2011 Follow following steps:

1. appoint 2 new directors who are purchasing this company

2. shift registered office of company where ever new directors wish

3. transfer all the shares of company to new persons who are purchasing this company

4. resign the old directors

5. change the auditors, if required
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