Regarding law suggested answers

444 views 2 replies
Answers given in the suggested answers are not always right.Mistakes may happen. So the answer for the que." K Ltd was in the process of incorporation ........." given in the suggested answers was wrong acc. to me. Company is liable for the supplier of furniture and the liability of promoters comes to an end as and when the contract is adopted by company as per sec 19 and sec 15 of special relief act. provided that such a contract is warranted by the terms of incorporation of companyand it has communicated its acceptance.As the que. is silent it is assumed that it is warranted by terms of incorporation and the company has comminucated its acceptance. The same was given in Institutes study material,Munish bhandari's book. Solutions released by gurukripa has given the same that the company is liable. Almost everyone has written the same answer(all my frnds has written the same) This is just my view and hope it is the right answer.Don't worry. If anyone could prove I was wrong, you are always welcomed.I'll never mind and I'll correct mistake. Thank you,
Replies (2)
yes abhilash,according to me .co. Is liable but there is confusion .even in practice manual,the answer is :promoter is liable
Acc. to companies Act the promoter is liable.But taking into consideration the specific relief act the company is liable.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details