21 December 2021
Does purchase of land in fy 2021 by Pvt. ltd. subsidiary co. requires to pass special resolution? The Company had already passed u/s 180(1)(c), 180(1)(a) and 186 (2)(b) in 2014 for Rs. 1200 crs and has been utilised under FITL of holding company . Is it required to pass a special resolution as and when the prescribed limit is crossed and while such transaction is taking place every time. Pls advise. Also advise the procedure and draft resolution for the same.
CAclubindia
