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Necessity of Resolution

Naga Lakshmi.S.P. (ACOUNTS/AUDIT ASSISTANT)   (42 Points)

24 October 2021  


Can any one advise on the following:-

A private limited company is a partner in a firm registered with Registrar of Firms. All the directors are partners in the firm. The Partnership is willing to acquire a property in its name. Whether it is necessary to pass  a resolution of share holders or Board of Directors in a meeting at Gm or BOD Meeting for purchase of property by the firm?

Kindly provide suggestions / advice on the matter stated supra.

Thanks in Advance

 1 Replies

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)   (2905 Points)
Replied 25 October 2021

It is firm related activity. No way to concern with company directors. The partnership firm has to make a resolution among the partners of the firm. But not company

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