Vasupradha S (Qualified CMA) 20 September 2016
please let me know the secretarial compliances to be checked for transfer of asset ( machinery ) from a private company ( 100 % subsidiary ) to LLP ( having sharecapital held by the holding company and director of subsidiary).
Holding Company s a foreign company, not a body corparate under Companies Act 2013.
The asset is transferred from private company to LLP ( Plating company) through agreement. and consideration is to plate the components of the private company only and not any other material for a period of 60 months.
Transfer made on April of this year.
The sections to be checked for the same under New Companies Act 2013