Sale of car

Dear Freinds,

Our Company wants to sell car purchased in the name of the Company  to another pvt ltd company.What are the provisions applicable as per companies act 2013.

We have passed a simple board resolution.Is it sufficient??

Regards

Namrata Pai

 

 

Replies (3)

yes. board resolution is sufficient.

 

Required to pass Ordinary Resolution in Board Meeting

Resolution is required to be passed for sale car but no need to file with ROC.

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