Query related on Directors
This query is : Resolved
14 August 2008
Can a company can purchase immovable property,land & Buliding, in the name of directors?
14 August 2008
Since the Company is a separate legal entity, it should buy property in its own name. In case it buys in directors name, it will be property of director and not the property of the Company.
14 August 2008
No, the company can not buy the property in the name of director.
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