The Companies Act, 2013- Itemised Sale
- Itemised sale involves transfer of asset where consideration is identified against each asset.
- In consideration, the buyer company pays cash to seller company
- Under Companies Act, 2013 there are no specific provisions for Itemised sale.
- The Board of Directors have the authority to carry on Itemised sale. The Board of Directors may delegate the authority to other person (Eg: Managers) if required.