Sale of property in a pvt ltd company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2018 Sir, in a private limited company if there is a property (immovable property like land and building) owned by the company and the company has given its shareholders the right to use and occupy this property vide a shareholding agreement, what is the procedure if the company now wants to sell this property?

Arpit

Arpit (Expert)
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03 February 2018 Before giving any reply we need to study the terms of the shareholder agreement basis which the right was given to the shareholder to use the property. Before that it is difficult to formulate any opinion

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