Purchase of Assets of Partnership Firm

    Posted By : CS Gaurav / Published on : 27-Dec-2018 01:08 PM / View : 184 / Comment : 2
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    Hi Friends,

    If a Company wants to purchase assets from partnership firm (which is also its related party i.e. directors are partners in the firm) what will be the procedure under Companies Act 2013. Will only entering an agreement for the purchase of Assets and passing of ordinary resolution u/s 188 will suffice. Please guide.
    Read more on : firm partnership assets purchase

    • A company cannot enter into a transcation even threshold limit not exceed unless taken approval of unanimously board of directors present at the meeting and public financial institution, if company has borrowed fund. However, approval of public financial institution is not required if company not exceed threshold limit and has not made default in repayment of loan amount borrowed from it 

      28-12-2018 / 03:05:40 PM
    • Thank you so much.

      28-12-2018 / 03:42:06 PM

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