promoters
This query is : Resolved
04 November 2010
hai,
please analyze the ratification of preliminary contracts of promoter
regards,
pavani.
please analyze the ratification of preliminary contracts of promoter
regards,
pavani.
05 November 2010
As per section 15(h) of the Specific Relief Act,1963 pre incorporation contracts executed by the promoters can be ratified and enforced by the company if the contract is within the the scope of the company's objects as stated in the memorandum of association.
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