Regarding section 180(1) under companies act 2013
This query is : Resolved
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
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
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
e.g. L & T sells its cement division to Birla Group which is letter known as ultratech cement
18 June 2015
Dear sir,
Can you please elaborate.
Can you please elaborate.
18 June 2015
Dear sir,
Can you please elaborate.
Can you please elaborate.
18 June 2015
Dear Sir,
Thanks for the reply but can you please elaborate.
Thanks for the reply but can you please elaborate.
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