Case
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2011
One Pvt Ltd Company having two directors only. One director has appointed one more director without the consent of other; I know the appointment of new one is NULL & Void but Tell me what is the status of contracts done by the said new illegal director.
The case is three year old but i got opportunity to challange it in the CIVIL & CLB office.
Your suggestions are most welcomed ? but answer must have legal support by section, regulation, case law etc.
The case is three year old but i got opportunity to challange it in the CIVIL & CLB office.
Your suggestions are most welcomed ? but answer must have legal support by section, regulation, case law etc.
20 October 2011
Dear
As far as my thinking is concerned the contracts can not be challenge able...
being a director of the company he has implied authority to enter in to contract on behalf of the company with outsider...
now director is appointed and form 32 filed and regularized in AGM,,,then contracts entered by him on behalf of company are valid...
As far as my thinking is concerned the contracts can not be challenge able...
being a director of the company he has implied authority to enter in to contract on behalf of the company with outsider...
now director is appointed and form 32 filed and regularized in AGM,,,then contracts entered by him on behalf of company are valid...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
