legal title


This query is : Resolved 

(Querist)
15 April 2011 can company buy an immovable property in the name of Directors?

prasad (Expert)
15 April 2011 No. The company shall buy immovable property in its own name.

If purchased in the name of its directors the title of the property will remain with that director. The ownership of the property will be of that director


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