Resolution for Disposal of Assets

[vishwanath shetty]

Hello Sir / Madam,

When the Company changes its registered office from one place to another within same ROC jurisdiction and disposes off all of the assets and leasehold improvements lying at the old office as scrap and purchases as new assets for its new office whether shareholders approval is required. Whether oridinary resolution is to passed or special resolution.

Regards,

Sapna Shetty

AI Summary

No Shareholder Resolution Needed for Asset Disposal and Relocation Within Same ROC Jurisdiction, Says Expert A query was raised about whether a company needs shareholder approval to dispose of assets and leasehold improvements as scrap when relocating its registered office within the same ROC jurisdiction and acquiring new assets for the new location. The question also asked if an ordinary or special resolution is necessary. One respondent, Dr. Mariappan Govindarajan, opined that no shareholder resolution is required. The person who initiated the query acknowledged this response with thanks.