Indore | 02 Aug, 2021 (1 year, 7 months ago)

Property Law

Transfer of property between a parent company and its sister company

Can a parent company sell its immovable property to its own sister company? Is it legal to do so? Or was it legal before? Does company law allow such type of transaction
02 Aug, 2021 | 15:00

Yes. A parent company and its own sister company can enter into an agreement of sale for the same.

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