format of resolution to transfer the motor car
This query is : Resolved
11 November 2009
There are 2 companies with same chairperson. But one company is now not having much of the business. so the EMIs of a car are required to be transferred from that company to the other company which is functional. These are two different companies. What would be the format of Board Resolution to effect the transfer? Separate resolutions would be required to transfer the asset and the EMIs or single resolution will be sufficient. What other legal formalities and documentation will be needed?
03 July 2023
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