COMPANY LAW : Where sale deeds in respect of properties of company-in-liquidation were executed but, there was no valuation report on record pertaining to relevant assets, also agreement of sale was executed by one ‘K’ acting as a power of attorney of company, although, board resolution did not advert to or authorize appointment of an agent for sale of properties, therefore, application filed by ex-director of company-in-liquidation to validate sale deeds was to be dismissedCOMPANY LAW : Where sale deeds in respect of properties of company-in-liquidation were executed but, there was no valuation report on record pertaining to relevant assets, also agreement of sale was executed by one ‘K’ acting as a power of attorney of company, although, board resolution did not advert to or authorize appointment of an agent for sale of properties, therefore, application filed by ex-director of company-in-liquidation to validate sale deeds was to be dismissedwww.taxmann.com Latest Case LawsRead More
HC dismissed plea to validate sale deed as board resolution didn’t approve agent’s appointment for sale of properties
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- Post published:April 11, 2022
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