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slump sale + sec 297 applicability

(Querist) 22 February 2013 This query is : Resolved 
A private company wants to sell a business unit by way of slump sale to one of its group companies ( a pvt company ) in which the directors are common. Would this attract Sec 297 of Companies Act ? Would this sale be considered as sale of goods.
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devdatta Jadhav (Expert) 11 March 2013
will not apply as both r pvt ltd companies

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