Regarding section 180(1) under companies act 2013

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santosh singh mehra (Querist)
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18 June 2015 Dear Experts,

can anyone explain the section 180(1) as I am bit confused not able to understand.

the basic query is that if a company want to sell, lease, or otherwise dispose of the whole or substantially the whole of the undertaking of the company by passing a special resolution in the general meeting of the company if i'll go with this it is kind of demerger so still the company need to go with high court route or special resolution is enough for the proceedings.

kindly guide

CS JAY GOHIL

CS JAY GOHIL (Expert)
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18 June 2015 for outright sale of undertaking of company at lump sum price special resolution is required there is no need of court approval

e.g. L & T sells its cement division to Birla Group which is letter known as ultratech cement

santosh singh mehra

santosh singh mehra (Querist)
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18 June 2015 Dear sir,

Can you please elaborate.

santosh singh mehra

santosh singh mehra (Querist)
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18 June 2015 Dear sir,

Can you please elaborate.

santosh singh mehra

santosh singh mehra (Querist)
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18 June 2015 Dear Sir,

Thanks for the reply but can you please elaborate.

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