sir,
X person director of a company(ABC) buys land from vendors(in aug 2007) becomes a vendee(BUYER) for sale consideration of 10lakhs.
In the month of Nov 2007 the same X person becomes vendor to the same company(ABC) makes AGREEMENT OF SALE CUM GENERAL POWER OF ATTORNEY with the same company(ABC) and sells same land to same company(ABC) for sale consideration of 16lakhs, he Inturn appoints 2 directors of the same company(ABC) as lawful attorneys to execute sale deeds.
Now those two directors execute sale deed in favour of buyers who bought plots in that land.
The sale deed says x person reffered to as AGPA OF THAT COMPANY represented by its Director whom he appointed above becomes VENDOR executes sale deed to me (Y) .
This vendor executes sale deed to the buyers, My question Is this sale deed legal according to law are can i raise any points of objection . bcoz this land was bought and soled with in the company for a higher price.
Any suggestions welcomes sir , Thank you in advance.
