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
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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.
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