Question: VWhen will Section 1 1 2 and 1 1 5 of the Companies Act NOT apply to a proposal to dispose of the greater part
VWhen will Section and of the Companies Act NOT apply to a proposal to dispose of the greater part of a companys assets?
Group of answer choices
A Modern Ltd and Ink Ltd are two subsidiaries that are wholly owned by the same holding company. The board of Modern Ltd has proposed to dispose of most of its assets, by selling it to Ink Ltd
B Mason Ltd is selling the greater part of its companys assets, which is made up of plant and machinery, due to the company changing its market and type of trade
C Pro Ltd is disposing of the greater part of its assets to cover its debts
D The board of Jericho Ltd needs to dispose of most of its assets, as the company is planning on merging with one of its group companies
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