Transfer of company assets

Pvt ltd 510 views 1 replies

Dear Friends,

One "X" is a private Ltd. company dealing in manufacturing and selling of medicines.

It's office and its business situated in a three storied building standing in the name of "X" company.

The said X company was now changed as "Y" company with new Directors.

My queries are :

1. Does the building standing in the name of X company will automatically transfer to Y company?

2. Does it require any procedural formality? Pls reply. It's urgent. Thanks in advance. 

Pls reply.  It's urgent.  Thanks in advance.

Replies (1)

Dude,

 

Answers for your questions:

 

1) Yes. The asset standing in the name of "X" has to be changed in the name of "Y".

 

2) For this question, I would like to know whether the Company was sold? In that case, a resolution has to be passed while the sale is made.

 

And check with the Articles of Association for the clauses mentioned during "Winding Up".


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