: (1) Any public company or its subsidiary company should inform the office if any property is purchased or sold as follows:-
(a) If the value of his property or consolidated property as mentioned in the last audited annual financial statement due to the purchase of any property has increased by more than fifteen percent,
(b) If the income from the property to be sold or sold is more than fifteen percent of the consolidated income of the company before paying the tax mentioned in the last audited accounts of the company.
(2) When informing the office in accordance with sub-section (1), the following matters should be disclosed and if such matters are also applicable in relation to the company's business, it should also be shown in the report of the board of directors:-
(a) the date of the transaction and the parties involved in the transaction,
(b) details about the nature of assets and if such assets include shares issued by any other company in whole or in part, the name of the company issuing such shares and the nature of the commercial transactions carried out by such company,
(c) Amount of transaction and other terms of transaction,
(d) Basis adopted for valuation of property while buying or selling property,
(e) If any property has been sold, whether the amount received from the sale of the property is more or less than the price shown in the sale of such property.