Company car leasing Company car leasing

5 years ago

Can a pvt. company lease its car to other companies for earning additional profit?
If yes then what is the procedure.

Kishan Dutt Kalaskar

Responded 5 years ago

View All Answers
A.Dear Sir,
You have to modify the Memorandum of Artilces and Articles of Association and also resolve to that effect to avoid fines that may be imposed by RTO. Further it is advised to take Lincese from the Transport Department and convert the vehicles accordingly.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Ambrose Leo

Responded 5 years ago

A.No.The lease of its car on the terms & conditions of company.Better to Consult a lawyer from the panel of Vidhikarya for quick guidance & help.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconResigned without serving notice period
Dear Client, Non-compliance with the notice period required for tendering resignation by an employee in terms of employment makes the employee either face legal consequences or pay damages for a brea...
question iconData Deleted from the company laptop upon resignation
Dear Client, Misappropriation with the employers/company's property makes you liable to face legal consequences including termination from service apart from claiming damage to the company's database....
question iconGovernment employee and private limited companty
Dear Client, As per Rule 43 of Kerala Government Servant Conduct Rules, 1960, (a) No Government servant shall speculate in investments. For this rule, the habitual purchase and sale of securities of n...
question iconemlpoyment
Dear Client, Non-compliance with the notice period required for tendering resignation by an employee in terms of employment makes the employee either face legal consequences or pay damages for a breac...
question iconLeave policy under labour law Karnataka shops and establishment act of 1956
Dear Client, Leave policy or rule varies on the applicability of an Act applicable to a particular establishment or organization. Under the Factories Act, 1948, one day of leave for every twenty days...