The Revocation Of Huguenot Rights To French Citizenship
The shareholders claimed that there had been no such resolution authorising the loan and, subsequently, it was taken without their authority. Once it was discovered that the directors could borrow topic to a decision, the plaintiff had a proper to infer that the mandatory resolution should have been handed. Facts A railway firm was shaped with an object of selling railway wagons. The directors entered right into a contract with Richie to finance the construction of railway line. Judgment Court held that certificates was conclusive evidence of incorporation on Jan 6thand that the allotment was not void on the ground that it was made before the company was integrated. Judgment The court docket held the certificates to be conclusive for all functions. Judgement The rivalry of the sensor board of movies refusing to register the film on the ground that British firm has acted merely as an agent of British company was correct.
Lobbying Disclosure Laws
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1.”Even a decision of a numerical majority, at a basic meeting cannot impose its will upon the directors. When the articles have confided to them the control of the company’s affairs.” 1.A deemed public company is neither a personal firm nor a public firm but a company in a 3rd class. Judgment The court held that there was no problem to public, and it doesnot quantity to prospectus as it was not offered to public. Facts- The plaintiff was the transferee of a share certificates issued underneath the seal of a defendant company. The certificate was issued by the corporate’s secretary, who had affixed the seal of the company & forged the signatures of two administrators. 2.Outsiders are bound to know the exterior position of the corporate, but usually are not certain to know its indoor administration.
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Facts- A resolution handed at a basic assembly of an organization altered the articles by inserting the facility to concern shares with preferential dividend. 439 of the Companies Act, 1956 confers the right on a shareholder to petition for winding up of the company in sure circumstances. Judgment- Held that there is no statutory right of the state, as a state, to intervene in an application made u/s 17 for alteration of the place of the registered office of a company. To maintain that the potential for the loss of revenue is not solely related, however of persuasive pressure in regard to the change is to rob the corporate of the statutory energy conferred on it by Sec. 17. 1.Just as in case of company, a discover to agent will amount to a notice to the principal, in the same means a notice to director shall be deemed as a discover to the corporate. 2.A company might be considered an Indian Company even whether it is integrated in India by promoters of international nationality.