Directors asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2012
dear sir/madam,
can directors of a company sale their fixed assets i.e land & property to company.
can directors of a company sale their fixed assets i.e land & property to company.
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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