Transfer of director asset to company
This query is : Resolved
09 May 2015
Director having one lorry
he want to transfer the asset to company what is the procedure ? how to account for
he want to transfer the asset to company what is the procedure ? how to account for
11 May 2015
You mean to say, the Director wants to transfer his ownership of this lorry to company?
If yes, then there shall be one Agreement to be executed between Company and the Director e.g. Purchase Agreement, Acquiring Agreeement.
Since this is a related party transaction, you need to comply with the provisions of Section 188 and Section 180 of Companies Act, 2013, wherever applicable.
If yes, then there shall be one Agreement to be executed between Company and the Director e.g. Purchase Agreement, Acquiring Agreeement.
Since this is a related party transaction, you need to comply with the provisions of Section 188 and Section 180 of Companies Act, 2013, wherever applicable.
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