Roc requuirement if any?

486 views 3 replies

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)

Replies (3)

No ROC compliance required for that private company.

 

Convene a board meeting and pass resolution with 51% majority for aquiring whole unit from proprietory concern. Note in the minutes book of BM.

Originally posted by : Neha Jain

Convene a board meeting and pass resolution with 51% majority for aquiring whole unit from proprietory concern. Note in the minutes book of BM.

Interested Director should give notice of his nature of interest in the resolution but he can vote..

 

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