Contracts before incorporation

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GIRISH KUMAR

GIRISH KUMAR (Querist)
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16 June 2009 Dear all

Can contracts before incorporation be enforced against the Company?

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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16 June 2009 Hi,
The pre-incorporation contracts are valid if
> The contract is made for the purpose of the Company and the Contract is warranted by terms of incorporation
and
> All the contracts prior to incorporation must be adopted by company on its incorporation.

Ankur Garg

Ankur Garg (Expert)
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16 June 2009 Agree.

Specific adoption of pre incorporation contracts by company on its incorporation is mandatory in order to enforce them.

Regards

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GIRISH KUMAR

GIRISH KUMAR (Querist)
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17 June 2009 Dear Srinivasan

Thanks for your reply.

Also I have read your articles. It is very good.

with regards
Girish Marpalli

GIRISH KUMAR

GIRISH KUMAR (Querist)
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17 June 2009 Dear Ankur Garg

Thanks for your reply.

sir I am doing CS inter. I have completed LLB Degree.If I have any doubt regarding company matters. I will send mail ok.. because I have been working in Company Secretary office from 1 year.

with regards
Girish Marppalli