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Sale immovable property by limited co.
Dear Experts,
is it necessary to call an EGM by its managing director or board of directors while selling immovable property or disposing its assets. the company is not operational since its inception. this company has more than 5000 shareholders. approx 75% shares are partly paid.
seeking your help.
thanking you
Girdhari Agarwal
9828294546
Replies (1)
Yes, you are required to call EGM and pass special resolution- Refer Section 180(1)(a) of the Companies Act, 2013
Regards,
Arjun Rajagopal
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