PRE-INCORPORATION CONTRACTS AND THE PROBLEM OF PROMOTER LIABILITY

[1] Singh, Prasidh Raj, Promoter and Pre-Incorporation Contract, SSRN (January 31, 2011) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1938065. [2] Kelner v. Baxter, (1866) LR 2 CP 174. [3] Edinburgh Northern Tramways Co v Mann (1896) SLR 33_752. [4] (n 2). [5] Erlanger v. New Sombrero Phosphate Co., (1878) 3 App Cas 1218. [6] Ibid. [7] Specific Relief Act , 1963, § 19(e) & § 15(h). [8] Specific Relief Act , 1963, § 19(e). [9] Specific Relief Act , 1963, § 19(e). [10] Specific Relief Act , 1963, § 15(h). [11] Ibid. [12] Specific Relief Act , 1963, § 19(e). [13] Seth Sobhagmal Lodha v. Edward Mills Ltd., 1969 SCC OnLine Raj 73. [14] Jai Narain Parasrampuria v. Pushpa Saraf, (2006) 7 SCC 756. [15] Ibid. [16] Inlec Investment (P) Ltd. v. Dynamatic Hydraulics Ltd., (1989) 3 Comp LJ 221, 225 (CLB)]. [17] (n 12). [18] Vali Pattabhirama Rao v. Ramanuja Ginning and Rice Factory (P.) Ltd., 1983 SCC OnLine AP 207. [19] Weavers Mills v. Balkis Ammal, AIR 1969 Mad 462. [20] (n 2). [21] Lakshmi Dwivedi & Varun Byreddy, Pre-Incorporation contracts: A legal Puzzle, NLIU Law Review, https://nliulawreview.nliu.ac.in/wp-content/uploads/2022/01/Volume-V-Issue-I-53-79.pdf. [22] Newborn v. Sensolid (Great Britain) Ltd (1953) 1QB 45; (1953) 2 WLR 595. [23] Twycross v Grant (1877) 4 C.P.D. 40. [24] Companies Act, 2013, § 2(69)(b). [25] Companies act, 1956, § 230. [26] (n 19) [27] Kelner v. Baxter, (1866) LR 2 CP 174 and Newborn v. Sensolid (Great Britain) Ltd (1953) 1QB 45; (1953) 2 WLR 595. [28] (n 21). [29] (n 19). [30] (n 19).