Sir/madam,
Which section of Companies Act prescribe procedure for slump sale?
SREENATH P. (Company secretary) (208 Points)
09 November 2015Sir/madam,
Which section of Companies Act prescribe procedure for slump sale?
Krishan Singla
(Corporate Law Advisor )
(1026 Points)
Replied 14 November 2015
Although there is no section which is directlry deals with slump sale as such but Section 180(1)(a) deals with the sale of undertaking of the company , thus this section deemed to deal with slump sale . Regards
CAclubindia
