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Answer in one sentence.What are the Preliminary Contracts? - Secretarial Practice

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Question

Answer in one sentence.
What are the Preliminary Contracts?

One Line Answer

Solution

Preliminary contracts are the contracts which are entered into by the promoters on behalf of the company before its incorporation with third parties.

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Stages in the Formation of a Company - Commencement of Business
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Chapter 3: Formation of a company - Exercise Q.1 [Page 46]

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Balbharati Secretarial Practice [English] 11 Standard Maharashtra State Board
Chapter 3 Formation of a company
Exercise Q.1 | Q 8.4 | Page 46
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