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Hi friends,
I need your valuable advise for the following case.
The object clause of the company is authorized to trade in mangoes. The co. entered into partnership with Mr. A and trading in mangoes. On that the co. incurred liability of Rs.20000/- to Mr.A but it refuses the liability on the ground of ultra vires the company.
kindly tel me whether the company is liable or not with provisions
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sir please explain me the champerty agreement with an example..........
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Please sir explain me the Maintenance Agreement with an example............
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The Board of directors of Ujwal Pvt. Ltd. having a paid-up share capital of `1 crore consists
of two directors, one of them, viz., Bimal, possesses membership of the Institute of Company
Secretaries of India. The company desires to appoint him as a Company Secretary also.
Would the provisions of section 314 come into effect ? State the legal position.
The above question was asked in December 2011 exam.
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This question was asked in DEC 2011 exam and plz tell me solution for the same.
Your Company has total 12 Directors as under:
Non - retiring Director 3
Retiring Director 5
Additional Director 4
State the number of directors liable to retire by rotation at the AGM and the total no of directors who shall vacate the office oat the AGM
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Ultra vires the company