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promoters

This query is : Resolved 
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(Querist)
04 November 2010 hai,
please analyze the ratification of preliminary contracts of promoter

regards,
pavani.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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