Section 180(1)(a)

zankhana Trivedi (Company Secretary) (462 Points)

10 February 2014  

Dear All, 

Cay you please guide me for below given query.

Suppose X  Limited sold its plant and machinery to Y Limited in excess of 20% of the net worth of the Company, can we say it as sale of undertaking. Please note managment of both the compaies are run by the same director/Directo's relatives.

can anyone provide me the draft of resoluton for sale of plant and machniery in persuance of Section 180(1)(a) of the Companies Act, 2013. please suggest me.