Vikash Agarwal (Student) (104 Points)
22 September 2012
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 24 September 2012
You just need to pass a board resolution deciding and authorising someone to sell the car. Then execute the documents for sell of car.
Vikash Agarwal
(Student)
(104 Points)
Replied 24 September 2012
CA Mahesh
(CA)
(175 Points)
Replied 24 September 2012
Dear Sir,
If Pvt company solds it's vehicals, is board resoultion mandatory ??.
If yes pls tell me under which section
Vikash Agarwal
(Student)
(104 Points)
Replied 24 September 2012
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 24 September 2012
Resoluion will always be asked by the appropriate authority to transfer the property.
Draft Resolution:
"RESOLVED THAT the Company do sale its ................ Car at an appropriate consideration."
"RESOLVED FURTHER THAT Shri.................. be and is authorised to sign, seal, execute and deliver necessary documents, paper and apply for the transfer of registration of the said ......... Car and to do all such necessary acts, deeds and things as may deemed necessary, expedient and desirable to give effect to the abvoe resolution."
Vikash Agarwal
(Student)
(104 Points)
Replied 24 September 2012
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 25 September 2012
Yes, who will do all such formalities and sign on the documents.
Prachi Bansal
(3129 Points)
Replied 15 April 2021
What are the formalities involved in transferring ownership of a vehicle from one company to another?
CAclubindia
