Draft a deed of sale by the liquidator of a company who has gone in voluntary liquidation. Assume facts.
CS Professional · Drafting, Pleadings and Appearances · PYQS · December 2020
Draft a deed of sale by the liquidator of a company who has gone in voluntary liquidation. Assume facts.
Answer & Explanation:
THIS SALE DEED is made on this ............ day of ............ by voluntary liquidator of ............ Co. Ltd., (in voluntary liquidation) (hereinafter called 'the vendor') of the one part, in favour of Shri ............, son of Shri ............, Occupation ............, resident of ............ (hereinafter called 'the purchaser') of the other part, under the terms and conditions mentioned below: WHEREAS by a special resolution passed by the shareholders of ............ Co. Ltd., at an Extraordinary General Meeting held on the ............ day of ............ of which notice as prescribed by law had been duly given, and it was resolved that the company be wound up voluntarily; WHEREAS the said vendor was appointed its voluntary liquidator on ............ the notice whereof was duly submitted to the Registrar of Companies ............ as prescribed by law, on the ............ day of ............; AND WHEREAS in a meeting of the shareholders of the said company held in accordance with the provisions of the Companies Act, 2013 it was resolved that the properties mentioned in the Schedule annexed hereto be sold by the vendor after publishing a notice for sale in ............ and ............ daily newspapers twice within a period of a fortnight, and pursuant to such resolution, the vendor had duly advertised the sale of the said properties in the issues of ............ dated ............ respectively and issues of ............ dated ............ respectively and pursuant thereto have received offers, the highest whereof was that of the said purchaser; AND WHEREAS the said vendor agreed to sell and the said purchaser agreed to purchase the said properties on the terms and conditions mentioned herein and incorporated in an agreement to sell dated ............ between the said vendor and the said purchaser. NOW THIS DEED OF SALE WITNESSES AND IT IS HEREBY AGREED AND DECLARED AS FOLLOWS: That pursuant to the agreement dated ............ aforementioned and in consideration of the sum of ₹............ (Rupees ............) paid by the purchaser before the Sub-Registrar, ............ on presentation of this Deed of sale for registration thereof (the receipt whereof the vendor hereby acknowledges) the vendor hereby transfers by way of sale and conveys on behalf of the said company all those items of the property mentioned more particularly in the Schedule attached hereto, unto the said purchaser, his heirs and assigns to have and to hold the same absolutely and forever. IN WITNESS WHEREOF the parties aforementioned have signed this Deed of Sale on the date, month and the year aforementioned. Witness: 1. Witness: 2. Vendor Purchaser Schedule Item Nos. 1. 2. 3. 4.
Topics: Deeds and Documents
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