Dear All,
Can you please help me with the question, if companies producing two products line and out of which production of one product line is stopped by company and now they are selling all the machinery related to that product. will it amounts to sell of substatially whole undertaking or undertaking? and will they need to paas special resolution before selling such machinery?
Yes, if the case falls within explanation to Sec.180(1)(a).
VIKAS VERMA & CO
New Delhi
Others
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Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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CAclubindia
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