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Transfer of substantial fixed assets

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(Querist)
25 May 2012 A private limited Co. wishes to transfer all of its Land, Building, Plant & Machinery to another company.

It is continuing its business but wishes to do so without the land, building, plant & machinery.

It will remain a going concern after such transfer.

What is the procedure for doing so?
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Soumitra Basu

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Soumitra Basu (Expert)
26 May 2012 Pass a resolution in Board Meeting authorising one Director who shall execute the documents on behalf of the company.

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