Board resolution for sale of business through slump sale

Bharti Ahuja

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Jul 4, 2013, 7:50:28 AM7/4/13

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Dear members,

Is private limited company requires shareholder approval for sale of business as slump sale. Also kindly share draft resolution to that effect.

Your earliest response is awaited

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Bharti.

Ganga Anil Kumar

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Jul 4, 2013, 8:00:02 AM7/4/13

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Pursuant to Section 293 (1)(a) of the Act, this slump sale comes under this, and this section is not applicable to a Private limited Company which is not a subsidiary of Public Limited Company. kindly ready your AOA in this regard, and do accordingly.

Thanking you,

CS Anil Kumar Ganga | Hyderabad | +91 80082 99901 | +91 84980 84006

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" self Help is the Best Help"

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dheeraj gupta

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Jul 4, 2013, 9:15:15 AM7/4/13

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Agree with Mr. Ganga Anil Kumar.

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