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Directors asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2012 dear sir/madam,

can directors of a company sale their fixed assets i.e land & property to company.
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CA Roshan Jha

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CA Roshan Jha (Expert)
02 November 2012 Yes, it can be done as company is a separate entity in the eye of law. However the company will have to comply with the provisions of section 297,299 and 301 of the companies act.
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