Demerger of Fixed Assets (Land) which is not related to existing product

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....emerger of Fixed Assets (Land) which is not related to existing product<br> Query (Issue) Started By: - Ashok Chopra Dated:- 11-8-2012 Last Reply Date:- 11-8-2012 Corporate Laws / SEBI / LLP<br>Got 1 ....

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....Reply<br>Companies Law<br>Respected Forum, Me is a Private Limited Company having Land in the name of the company at various places which is not related to the product being manufactured by us. Direc....

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....tors of the company are four brothers. Can we incorporate new company and DEMERGE the said FIXED ASSETS (LAND) from the existing company by reducing Capital proportionatly. Please advice me Is it a c....

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....orrect procedure or there any other correct and legal procedure as we are in the process of introducing PUBLIC ISSUE and we want that Land which is in the name of Company and not related with the prod....

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....uct being manufactured be DEMERGE from existing company. regards Reply By Pradeep Khatri: The Reply: Any merger or demerger, spinoff, etc are subject to, submittig information to Commissioner of Co....

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....mpition of India. Please discuss this matter with you consultant.<br> Discussion Forum - Knowledge Sharing ....