what are the legal formalities to be complied with if a private limited company has to sell its property to another private limited company.
also if possible give board resolution for the same.
what are the legal formalities to be complied with if a private limited company has to sell its property to another private limited company.
also if possible give board resolution for the same.
Draft a sale deed to be signed by both parties (transferor and transferee)
Pass a Board resolution giving authority to directr(s)/signatory of the Company to sign the necessary papers and receive the money as per the deed.
Execute the sale deed
plzzz can u tell me the section of companies act which give such powers or authorizes the company to sell any of its property.
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CA
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