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Transfer of car to ex-director (Corporate Law)

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This query is : Resolved

Author : Anonymous

( Author )
14 June 2012

What company law compliance to be considered for transfering a car from a company to ex-non wholetime director.


Ajay Mishra

( Expert )
14 June 2012

Hi

I think you are transferring company property to ex non WTO means non executive. Please check the terms of appointment of director if it is given that the company will provide transport facility, then you can take approval from Board/Committee for doing so.


Regards



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