We will be discussing promoters in detail and pre incorporation contracts along with its enforceability in light of important case laws and Pakistani legislations.
Inhaltsverzeichnis (Table of Contents)
- PROMOTERS
- PRE-INCORPORATION CONTRACTS
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This text aims to explore the role and legal implications of promoters within company formation. It delves into the nature of pre-incorporation contracts, examining their enforceability and the associated liabilities of promoters.
- The Definition and Fiduciary Duties of Promoters
- The Legal Status of Pre-Incorporation Contracts
- The Liability of Promoters in Pre-Incorporation Contracts
- The Ratification of Pre-Incorporation Contracts by the Company
- The Legal Framework and Key Case Laws in Pakistan
Zusammenfassung der Kapitel (Chapter Summaries)
- PROMOTERS: This chapter provides a comprehensive definition of a promoter and their role in company formation. It examines the historical development of the term and analyzes the key fiduciary duties owed by promoters to investors and the company.
- PRE-INCORPORATION CONTRACTS: This chapter explores the legal status and enforceability of contracts entered into by promoters on behalf of a company before its official incorporation. It examines the challenges associated with such contracts due to the company's non-existent legal status. The chapter also investigates the potential liability of promoters for breaches or fraud in these agreements.
Schlüsselwörter (Keywords)
This text focuses on key concepts such as promoters, pre-incorporation contracts, company formation, fiduciary duties, legal liability, enforceability, and relevant case law in Pakistan.
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- Ayesha Masood (Author), 2019, The Significance of Promoters and Enforcability of Pre-Incorporation Contracts, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/1353837
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