Legality of speculation business for a company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Whether it is legally permissible for a company to do speculation business:
1. if memorandom permits
2. if memorandom do not permits
1. if memorandom permits
2. if memorandom do not permits
21 September 2013
speculative business is permitted in general. Hoarding is not.
However, it should be permissible by memorandum. Else the company shall be acting ultravires of its constitution.
However, it should be permissible by memorandum. Else the company shall be acting ultravires of its constitution.
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