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.
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sell of property by private limited company
Replies (2)
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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