HI...
AOA N MOA are the public documents. this means anybudy can read this. it was also held in doctrnine of constructive notice that a person dealing with the company are required to read the documents.This simply means that the person dealing with the company should know all the facts...
SO y in this case[ELEY VS. THE POSITIVE GOVERNMENT LIFE ASSURANCE COMPANY LTD.] he cannot sue the company as he was removed from the company without any charge of misconduct...
AOA does not constitute any contract between the company and the outsiders....i am not getting this.
if it is so....then y in 'ROYAL BRITISH BANK CASE' the court favored T...???
CAclubindia
