CORPORATE TRANSACTIONS AND CONVERSIONS

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..... The promoters only remain personally liable for it. Contacts made after incorporation but before obtaining the certificate to commence business provisional contracts are not binding on Company until the company is entitled to commence business on the grant of the Certificate. Contracts made after obtaining the Certificate of Commencement contracts which are intra vires or within the power .....

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..... under Sections 567 and 568 of Companies Act, 1956. 5. By amalgamation under Sections 391 , 392 , 393 , and 394 of Companies Act, 1956. Conversion of inter-State co-operative societies to become Producer Companies - Section 581J Section 149(1) - A company having a Share Capital has issued a Prospectus inviting public to subscribe to shares it cannot commence any busin .....

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