Is pre-incorporation contract is possible ....
Question asked in Nov 2007(says its possible) is similar to question asked in Nov 2011 but both the answer do not match .
Menu
Libility of the promoters and of the company in respect of a pre-incorporation contract
Replies (1)
As per the law of natural justice, promoters are held liable for the pre- incorporation contracts. the pre incorporation contracts are legally binding on the promoters and it should be ratified under the specific relief act. if the contracts are not ratified, promoters shall held liable for the breach of contracts.
Recent Threads
- SPOM FOR CA FINAL
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
Related Threads
CAclubindia
