what are the legal formalities to be complied with if a private limited company has to sell its property to another private limited company.
also if possible give board resolution for the same.
priyanka manawat (service) (138 Points)
10 December 2009what are the legal formalities to be complied with if a private limited company has to sell its property to another private limited company.
also if possible give board resolution for the same.
Sneha
(Company Secretary)
(210 Points)
Replied 15 December 2009
Draft a sale deed to be signed by both parties (transferor and transferee)
Pass a Board resolution giving authority to directr(s)/signatory of the Company to sign the necessary papers and receive the money as per the deed.
Execute the sale deed
AKSHAY GROVER
(ARTICLE)
(21 Points)
Replied 16 May 2012
plzzz can u tell me the section of companies act which give such powers or authorizes the company to sell any of its property.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)