IndigoLearn

Forums

Select Category

Pre incorporation contracts

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

Attachments

90cc4f76-6f34-4fa7-b7bf-d4228cd86721.jpg

shanmuk shannu

CA Inter

★ 5K+

11-Nov-20 09:59

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 Inter

★ 5K+

11-Nov-20 10:15

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

shanmuk shannu

CA Inter

★ 5K+

11-Nov-20 11:10