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प्रश्न
True/False Answer Question:
A company can ratify preliminary contracts after incorporation.
विकल्प
True
False
उत्तर
The statement is FALSE.
This is because a preliminary contract is signed before the incorporation of a company. These are contracts which the promoter undertakes with the third party during the company’s promotion. Thus, the company cannot ratify preliminary contracts after incorporation and cannot also be forced to honour these contracts.
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संबंधित प्रश्न
Choose the correct option for the following
Application of approval of name of a company is to be made to
True/False Answer Question:
It is necessary to get every company incorporated, whether private or public.
True/False Answer Question:
A company can commence business after incorporation.
True/False Answer Question:
If a company is registered on the basis of fictitious names, its incorporation is invalid.
List the documents required for the incorporation of a company.
What is the 'Memorandum of Association'?
Briefly explain the clauses of 'Memorandum of Association'?
Distinguish between 'Memorandum of Association' and 'Articles of Association.'
What is the meaning of the Certificate of Incorporation?
