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TMI BlogSlum Sale & Issue of contract name changingX X X X Extracts X X X X X X X X Extracts X X X X ..... I don t want to disclose the name of companies. But please guide me what to do? Two companies XYZ Ltd- Active ABC system Pvt Ltd- Active - AAA Govt Authority Monitoring slums in Mumbai and suburban area Date wise sequence AAA was float a tender for particular project in march 2015 XYZ Ltd has participated the bid as they have won the bid because they are in L1 technical quali ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fication. The project cost is 1.8 cr The project Duration was 4 Months as per tender document but till date the above company is working, AAA haven t taken any action due to delayed in project. 21 Sept 2015 XYZ Ltd received work order/ purchase order from SRA. 1 Oct 2015 (In just 10 Days after receiving work order/ purchase order) XYZ Ltd sent letter to AAA to change in name on work order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as ABC system Pvt Ltd They mentioned that both parties had some slump sale of IT division accordingly the whole responsibility was will carried out by ABC system Pvt Ltd. And contracts which was having XYZ ltd will be carried out by ABC system Pvt Ltd As per their request AAA has changed name on work order/ purchase order as ABC system Pvt Ltd till date the payment has made to ABC system ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pvt Ltd. Both parties have made a notary on 29 Jan 2016 Part 1- Undertaking given by Mr.X, Director at XYZ Ltd Part 2- Undertaking given by Mr.A Director at ABC System Pvt Ltd Now We have an doubt that this above companies have made same thing over all govt authorities where they worked to make technically strong to ABC System Pvt Ltd (It was register 2010 at Kolkatta ROC) If XYZ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ltd is working as ltd company then Board of Directors must pass a resolution to the effect of sale of assets/undertaking of the company as per Section 179? They have made same practice of change of name many ULB's? If the ABC system pvt ltd was having creditable to participate the above tender then why the put XYZ ltd? Regards Vishal - Reply By Kishan Barai - The Reply = If possibl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e ask the co. If the ABC system pvt ltd was having creditable to participate the above tender then why the put XYZ ltd ?? What is the benefit of bringing XYZ LTD in middle every time ?? - Slum Sale & Issue of contract name changing - Query Started By: - Vishal B Dated:- 11-7-2017 Corporate Laws / SEBI / LLP - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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