I am a director of the Pvt Ltd company. And now I want to retire from it and start something of my own. So share transfer procedure is going on. I wanted to ask can Pvt Ltd company transfer asset in the share transfer as turning of that fixed asset(Land) into liquidity will take too much time.?
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Can pvt ltd transfer fix asset during share transfer to the director?
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As per the provisions of section 192 of section 2013, Company shall enter into the said arrangement by passing the special resolution in the Company in general meeting.
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