Pre incorparation contracts
This query is : Resolved
soumya gopi kannur
(Querist)
31 December 2013
how can we ratify pre incorparation contracts?
thanks in advance
thanks in advance
Ankur Garg
(Expert)
08 January 2014
Simply by passing a board resolution in validly convened board meeting pre incorporation contracts can be ratified.
Thanks
Thanks
Message likes :
1 times
soumya gopi kannur
(Querist)
13 January 2014
Sir,
I have also a doubt regarding how the pre incorporation contracts are brought into the minutes and the accounting treatment for the same..?
I have also a doubt regarding how the pre incorporation contracts are brought into the minutes and the accounting treatment for the same..?
Ankur Garg
(Expert)
13 January 2014
An agreement or any other relevant document containing terms and conditions of pre-incorporation contract may be placed before the board for discussion and approval purpose.
Subsequent to the discussion, board may adopt the said agreement through passing a board resolution.
You can cover all this in the board minutes.
Subsequent to the discussion, board may adopt the said agreement through passing a board resolution.
You can cover all this in the board minutes.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
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
