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Requirement of board resolution for sale of old car

This query is : Resolved 
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(Querist)
15 May 2010 hello friends,

Can some body tel me whether there is any requirement of BOARD RESOLUTION FOR SALES OF OLD CAR.

PLEASE TELL EXACTLY SECTION WISE IF KNOW.

URGENT??????
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Rasesh

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Rasesh (Expert)
17 May 2010 It is an asset of the Company, then no resolution required.
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