Contracts before incorporation

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GIRISH KUMAR

GIRISH KUMAR (Querist)

16 June 2009 Dear all

Can contracts before incorporation be enforced against the Company?

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)

16 June 2009 Hi,
The pre-incorporation contracts are valid if
> The contract is made for the purpose of the Company and the Contract is warranted by terms of incorporation
and
> All the contracts prior to incorporation must be adopted by company on its incorporation.

Ankur Garg

Ankur Garg (Expert)

16 June 2009 Agree.

Specific adoption of pre incorporation contracts by company on its incorporation is mandatory in order to enforce them.

Regards

GIRISH KUMAR

GIRISH KUMAR (Querist)

17 June 2009 Dear Srinivasan

Thanks for your reply.

Also I have read your articles. It is very good.

with regards
Girish Marpalli

GIRISH KUMAR

GIRISH KUMAR (Querist)

17 June 2009 Dear Ankur Garg

Thanks for your reply.

sir I am doing CS inter. I have completed LLB Degree.If I have any doubt regarding company matters. I will send mail ok.. because I have been working in Company Secretary office from 1 year.

with regards
Girish Marppalli

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