tag:blogger.com,1999:blog-5691514842035602331.post35872971661162117..comments2024-01-30T12:02:34.432+05:30Comments on CORPORATE LAW CORPUS: Pre-Incorporation And Provisional ContractsBalram Gorakhttp://www.blogger.com/profile/15257477556844344369noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-5691514842035602331.post-61779368794999050532023-03-29T16:57:05.915+05:302023-03-29T16:57:05.915+05:30Thanks For sharing this information. Well done!
Tr...Thanks For sharing this information. Well done!<br /><a href="https://ofinlegal.com/" rel="nofollow">Trademark Registration In Mumbai</a><br /><a href="https://ofinlegal.com/" rel="nofollow">Company Registration Process in Mumbai</a><br />Ofin Legalhttps://www.blogger.com/profile/03504156770779247848noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-42702816936390823732021-04-03T14:58:03.972+05:302021-04-03T14:58:03.972+05:30This post is really nice and informative. The expl...This post is really nice and informative. The explanation given is really comprehensive and informative. Our Business Center In Dubai gives the customers immediate, cost-effective access to essential business services. <br /><a href="http://www.goldengateonebc.com/" rel="nofollow"><b>Business Center In Dubai</b></a> | <a href="http://www.goldengateonebc.com/complete-business-setup-2/" rel="nofollow"><b>Company formation in Dubai</b></a> | <a href="http://www.goldengateonebc.com/serviced-offices//" rel="nofollow"><b>Fully furnished Office Spaces in Dubai</b></a> | <a href="http://www.goldengateonebc.com/about-us/" rel="nofollow"><b>Office Desk And Workplace In Dubai</b></a><br /><br />Goldengatehttps://www.blogger.com/profile/09579010918542367946noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-33022459555229177842021-03-22T17:28:05.631+05:302021-03-22T17:28:05.631+05:30Very informative blog. Commute Vakilsearch website...Very informative blog. Commute Vakilsearch website to <a href="https://vakilsearch.com/online-company-registration/form-20a?utm_source=backlinking&utm_medium=VS2-blogcommenting" rel="nofollow"> Form 20a</a>aadhiyapoongothaihttps://www.blogger.com/profile/07630170955078446995noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-31376318088281831352020-12-29T16:46:02.253+05:302020-12-29T16:46:02.253+05:30You must declare the commencement of your business...You must declare the commencement of your business by filing Form 20A with the RoC. Visit Vakilsearch site to record <a href="https://vakilsearch.com/online-company-registration/form-20a?utm_source=backlinking&utm_medium=VS2-blogcommenting" rel="nofollow">Form 20A</a> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-30046200838255394872017-02-20T23:16:19.043+05:302017-02-20T23:16:19.043+05:30please answer this question please it s mpoetant t...please answer this question please it s mpoetant to me<br />Anonymoushttps://www.blogger.com/profile/12934912740724894949noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-1930980070359056272017-02-18T16:06:09.321+05:302017-02-18T16:06:09.321+05:30What would be the case where the contract, for exa...What would be the case where the contract, for example, is not ratified by the company or it is not warranted by the terms of the incorporation?Anonymoushttps://www.blogger.com/profile/12934912740724894949noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-24856156423729447412016-01-22T17:08:46.785+05:302016-01-22T17:08:46.785+05:30if a limited company enters into a contract but by...if a limited company enters into a contract but by mistake writes its name as a pvt. ltd. what are the technical implications?<br />sharmahttps://www.blogger.com/profile/07349713965547634846noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-90999387475652508342014-09-24T05:11:55.681+05:302014-09-24T05:11:55.681+05:30Thanks for sharing good info and u want more info ...Thanks for sharing good info and u want more info Company incorporation services<br />please visit my website.....<a href="http://www.balakrishnaconsulting.com/services/company-incorporation-and-allied-services" rel="nofollow"> Company incorporation services </a><br />Balakrishna Consultinghttps://www.blogger.com/profile/09221573933963697597noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-22712436995015866182014-09-11T16:49:11.414+05:302014-09-11T16:49:11.414+05:30article of this blog are good and appreciative.
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Wie ...It was a good experience to visit your blog.<br /><br /><a href="http://de.imglicensing.com/become-a-licensee/" rel="nofollow">Wie bekomme Ich Eine Lizenz?</a> & <a href="http://de.imglicensing.com/what-is-brand-licensing/" rel="nofollow">Was Sind Lizenzen</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-90267222116945315132014-08-23T00:02:32.931+05:302014-08-23T00:02:32.931+05:30really good info i like this and u want more info ...really good info i like this and u want more info please visit my website <a href="http://www.balakrishnaconsulting.com/services/company-incorporation-and-allied-services" rel="nofollow"> Company incorporation services </a><br /><br />Balakrishna Consultinghttps://www.blogger.com/profile/16021492734644091032noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-75600438391375979582013-11-07T13:10:00.991+05:302013-11-07T13:10:00.991+05:30Hi,There will be rules that you didn't know ex...Hi,There will be rules that you didn't know existed and which will seem to make assistance with <a href="http://www.qataraspect.com/" rel="nofollow">company formation in Qatar</a> of a local in running your business. Thanks....Anonymoushttps://www.blogger.com/profile/09701377984223022528noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-6489005871403188852013-11-01T13:38:08.309+05:302013-11-01T13:38:08.309+05:30Hey, nice site you have here! Keep up the excellen...Hey, nice site you have here! Keep up the excellent work!<br /><br /><br /><br /><a href="http://icorpconsulting.com/" rel="nofollow">Incorporation of Company in India</a><br />Anonymoushttps://www.blogger.com/profile/00329871255741446856noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-75788623380055623952013-06-26T12:46:07.797+05:302013-06-26T12:46:07.797+05:30Would you be interested to design and deliver a co...Would you be interested to design and deliver a course work related to RTI for Govt officials and Legal Frame work for Mining Organizations? Kindly contactDr. Dibyendu Choudhuryhttps://www.blogger.com/profile/17297605762522307828noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-20528435729201224982012-10-17T18:07:47.911+05:302012-10-17T18:07:47.911+05:30In A.Ramaiya's Guide to the Companies Act, 17t...In A.Ramaiya's Guide to the Companies Act, 17th Edition 2010 at 1888 the reasons for insertion of sub-sections (2A) and (2B) in Section 149 of the Companies Act, 1956 were stated as follows:<br /><br />"Sub-sections (2A) and (2B) were amended in thier present for by the Joint Committee who explained the same as follows: The Committee feels that this clause should not apply to-<br /><br />(a) any existing company except where it commences any new business which is not germane to the business which it is already carrying on at the commencement of this Bill, when enacted;<br /><br />(b) any new company except where it commences any business in relation to its objects which are not its main objects or objects incidental or ancillary thereto.<br />...<br />The Committee further feels that even if a special resolution cannot be passed when it is required, the Company Law Board should be empowered to allow the company to commence such business even if it is passed by a simple majority which is not sufficient for the passing of a special resolution.<br /><br />The clause has been amended accordingly.<br /><br />The amendments made by the Joint Committee were adopted by Parliament except that in place of the words "Company Law Board" the words "Central Government" were substituted."<br /><br />Where a contract to start a new business which requires approval under this sub-section is entered into without complying with the formalities under this sub-section, the contract does not become void but is provisional only, i.e., it does not bind the company until the formalities are complied with. See: Otto Electrical Mfg. Co. (1905) Ltd., Jenkin's Claim, (1906) 2 Ch 390, followed in Ambica Textiles Ltd., Re, (1950) 20 Comp Cases 160, 163. See also, New Druce-Portland Co. Ltd. v. Blakiston, (1908) 24 TLR 583.<br /><br />In view of the above, the special resolution that would change a provisional contract into a binding contract is only in the context of Section 149(2A) or Section 149(2B), as the case may be, which pertains to the commencement of business that is not germane as stated in in the aforesaid sub-section.<br /><br />To all other provisional contracts, sub-section (4) of Section 149 would apply.Balram Gorakhttps://www.blogger.com/profile/15257477556844344369noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-21683262160456885372012-03-04T16:59:13.571+05:302012-03-04T16:59:13.571+05:30Could please explain the scope of Section 149(2A) ...Could please explain the scope of Section 149(2A) in this regard?Neelabhhttps://www.blogger.com/profile/11692511147911696418noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-30485371079785172992012-03-04T10:06:31.168+05:302012-03-04T10:06:31.168+05:30Dear Neelabh,
Thank you for writing.
If I may dr...Dear Neelabh,<br /><br />Thank you for writing.<br /><br />If I may draw your attention to Section 149(4) of the Companies Act, 1956, it specifically says that unless and until the certificate of commencement of business is granted, provisional contracts are not binding. So to carry out an amendment, to the Memorandum and Articles of Association, contrary to Section 149(4) would tantamount to conflict between Memorandum and Articles of Association and Section 149(4)of the Companies Act, 1956.<br /><br />Section 9 of the Companies Act, 1956 gives overriding effect to the Act. Consequently, any clause which is contrary to the provisions of the Act or of any other law for the time being in force, is simply inoperative and void. See: [Noble v. Laygate Investments Ltd.(1978) 2 All ER 1067], where the provisions of a company's articles had to give way because they were in conflict with the Income and Corporation Taxes Act, 1970.<br /><br />Hence, any alteration of Memorandum and Articles in this regard would be null and void.<br /><br />Trust that answers your query.Balram Gorakhttps://www.blogger.com/profile/15257477556844344369noreply@blogger.comtag:blogger.com,1999:blog-5691514842035602331.post-68775767159087368042012-03-03T23:14:54.717+05:302012-03-03T23:14:54.717+05:30Thanyou very much sir for this post.
One more thi...Thanyou very much sir for this post.<br /><br />One more thing, now if ratification by company is invalid then the concerned alteration of AOA in this regard will also be invalid or not?<br />waiting for your reply.Neelabhhttps://www.blogger.com/profile/11692511147911696418noreply@blogger.com