Gift an immovable property
This query is : Resolved
nitin kataria
(Querist)
17 June 2015
Can a Private Limited Company Gift an Immovable Property to another Private limited company. If yes, Please guide me about the procedure.
and also describe if any restrictions.
and also describe if any restrictions.
19 June 2015
Dear Nitin, a company being a person in eyes of law can always gift properties. While gifting immovable properties the company needs to comply with section 180 of the 2013 Act.
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