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Student Resources | Paul Quinn College
Student Resources | Paul Quinn College
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The rule is based upon obvious reasons of convenience in business relations. Where the act is not ultra vires the statute or the company such a creditor would be entitled to assume the apparent or ostensible authority of the agent to be a real or genuine one. And the party here on reading the deed of settlement, would find, not a prohibition from borrowing but a permission to do so on certain conditions.

Commissioner of police[6] the learned judge observed that the lenders to a company should acquaint themselves with memorandum and articles but they cannot be expected to embark upon an investigation as to legality, propriety and regularity of acts of directors. Thus, where the directors of company having the power to allot shares only with the consent, something which he could do only with the approval of the board; where the managing agents having the power to borrow with the approval of directors borrowed without any such approval, the company was held bound. It will also help you to definitely decide if you want to include strap or hindfoot cushions in your footwear in order to avoid bruises. В§   Cost of acquisition of the various shares after the demerger transaction a)  To find out whether or not shares in the Resulting Companies are long-term or not, the holding period of the RIL shares will be included in the period of holding of the new shares. Likewise, in Morris v Kansseen[11], a director could not defend an allotment of shares to him as he participated in the meeting, which made the allotment.



Turquand's Rule and internal Management of the Company
Turquand's Rule and internal Management of the Company. The doctrine of Indoor management, popularly known as the Turquand’s rule initially arose some 150 years ago ... generic viagra 50mg ukraine Taxation Aspects of Demerger in India - LexVidhiTAXATION ASPECTS OF DEMERGER. The Income-tax Act, 1961 provides the tax reliefs to the demerged company, the shareholders of the demerged company, who are issued and ...

Ltd,[5] the plaintiff company sued the defendant company on a loan for Rs. It is no part of duty of any outsider to see that the company carries out its own internal regulations. People in business would be very shy in dealing with such companies.

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