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Sale of land

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(Querist)
17 March 2013 Hello experts,

Can a private company sell its land( being an asset) through selling its 100% shares to a proprietorship concern( two or more members).

please tell me the consequences for both the assesses. or is there any violation under any act ?
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sudarshan

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sudarshan (Expert)
18 March 2013 private company needs two members. it cannot sell 100% shares to proprietorship concern.

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