Respected CA group,
Pls clarify me on this issue,
One my clients i.e Pvt ltd co. (having paid up capital of 1 lakh)is aquiring a whole unit from a proprietory concern,in which one of the directors is proprietor.Is there any specific ROC compliances need to be complied by PVT Co in this aspect.
Thanking you,
Rama chandra (CA-Final)
| Originally posted by : Neha Jain | ||
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Convene a board meeting and pass resolution with 51% majority for aquiring whole unit from proprietory concern. Note in the minutes book of BM. |
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Interested Director should give notice of his nature of interest in the resolution but he can vote..
VNSS & Co
Mumbai
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