vivek K Singh (manager) 30 January 2012

Plot transfer by private limited co.

Sir, plz help me regarding my query.. if a PVT LTD Co. want transfer of an industrial lease hold plot to other person for rest of yrs then can Board of directores of that company authorise a person who is C.E.O. in that pvt ltd co. for doing all formalties ,singnature related to registry ofiice via meeting of Board of Directores although that person is not in original alottee or member of Board of directors...

Reply Follow

4 Replies

adv. rajeev ( rajoo ) (practicing advocate) 30 January 2012

It requires to pass a resolution.

Rajesh Hazra (Mediator and Legal Counsel ) 31 January 2012

Rightly pointed out by Advocate Rajeevji, and you need to allot the number of shares to the new company. check the land regulations crefully if it is on a leased land . Whether you need to get a clearance from the Authority such as Urban Land Development to proceed.

Regards