Legal Question in Business Law in India
Is it necessary that a private limited company should have a clause regarding selling of company land
Asked on 7/12/22, 7:20 pm
1 Answer from Attorneys
Rajiv Chandhok Ph: +919810050896
https://www.linkedin.com/in/rajiv-chandok-0827b733/
NO. .... Private company land can be sold by an ordinary resolution and if such private company is subsidiary of a public company the its land can be sold after passing of a special resolution. Hence there is no necessity of incorporating any such clause in the Articles or Memorandum of Association of the Company.
Answered on 7/18/22, 12:28 am
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