vishal (proprietor) 27 March 2011
DEAR FRRIENDS,
THERE HAS BEEN A LONG LITIGATION GOING ON BETWEEN ONE OF THE SHAREHOLDERS OF THE PRIVATE COMPANY INCORPORATED UNDER THE COMPANIES ACT 1956. THE COMPANY BOARD AND ALL THE SHARE HOLDERS OF THE COMPANY ARE OF THE OPINION TO END THE LITIGATION WITH THE LITGATING SHARE HOLDER AND IN COMPROMISE THE LITIGATING SHAREHODER WANTS A PORTION OF LAND OF THE COMPANY. MY QUESTION IS CAN A COMPANY GIVE LAND TO THE SHAREHOLDER IN FORM OF A COMPROMISE AND IS IT LEGALLY ACCEPTABLE .
adv. rajeev ( rajoo ) (practicing advocate) 27 March 2011
It is to be decided in the co's meeting. It can be handed over but shareholders approval is necessary
bhagwat patil (Property due diligence 9422773303) 31 March 2011
The govt. dues if any the charge will go along with land.though ithe resolution is passed in AGM. check the chages of DII also to ROC.
Abinash panda (ca) 31 March 2011
SACHIN AGARWAL (ADVOCATE) 20 April 2011
Goof advice by Advocate Rajoo.
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