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Pre incorporation contracts

Corporate & Other Laws

Can a company adopt pre incorporation contract? And if adopts, whether promoter is personally liable or the company?

shanmuk shannu

CA Inter

★ 6K+

11-Nov-20 09:59

390

Answers (2)

Company can adopt the pre incorporation contracts. If adopted the promoters are discharged from being personally liable in respect of the pre-incorporation contract.

Nithish Kumar

CA Final

★ 6K+

11-Nov-20 10:15

Nithish Kumar

Company can adopt the pre incorporation contracts. If adopted the promoters are discharged from being personally liable in respect of the pre-incorporation contract.

Thank you

Thread Starter

shanmuk shannu

CA Inter

★ 6K+

11-Nov-20 11:10