Board Resolution for Sale of Company Asset

Dear All,

If a company wishes to dispose of its property, which does not amount to an 'undertaking' under section 180 of the Companies Act, 2013. Does the company require a board resolution or the managing director/whole time director can dispose of the same without a board resolution? Further, if the managing director/whole time director has been authorised under the AoA of the company with the power to sell an asset, does the company need a separate board resolution authorising the same? 

Replies (2)
As per my view "No need resolution and also in AoA".

No there is no need to have separate board resolution if the MD or any other person is duly authorized by the members. You can visit the www.corporatedrafting.com to have a complete checklist and procedure along with downloading the specified resolutions for the same

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details