Regarding section 180(1) under companies act 2013
This query is : Resolved
santosh singh mehra
(Querist)
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
CS JAY GOHIL
(Expert)
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
santosh singh mehra
(Querist)
18 June 2015
Dear sir,
Can you please elaborate.
Can you please elaborate.
santosh singh mehra
(Querist)
18 June 2015
Dear sir,
Can you please elaborate.
Can you please elaborate.
santosh singh mehra
(Querist)
18 June 2015
Dear Sir,
Thanks for the reply but can you please elaborate.
Thanks for the reply but can you please elaborate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
