Mr. Narayan Shastri was appointed as an Additional Director of XYZ Limited in July, 2015. Immediately after his appointment in July, 2015, on behalf of the Company he entered into an agreement with NY Private Limited for supplies of raw material. Later he was regularized as a Director in ensuing annual general meeting. In 2016 he signed Contract with Laxmi vendors. At the end of year, in December 2016, management came to know that his appointment was not valid as he was disqualified to act as a Director of any Company. He signed one more agreement in January 2017 with Saraswati vendors. In such scenario, what will be the status of contract/agreements he signed on behalf of XYZ Limited? - Study24x7
Social learning Network
study24x7

Default error msg

Login

New to Study24x7 ? Join Now
Already have an account? Login
googlePlay app_img
Finance/CA
40 followers study24x7 12 Apr 2021 02:39 PM study24x7 study24x7

Mr. Narayan Shastri was appointed as an Additional Director of XYZ Limited in July, 2015. Immediately after his appointment in July, 2015, on behalf of the Company he entered into an agreement with NY Private Limited for supplies of raw material. Later he was regularized as a Di...

See more

A

All agreement/ contracts will become invalid;

B

All agreement/ contracts will be valid;

C

All agreement/ contracts before December 2016 will be valid;

D

All agreement/ contracts before December 2016 will be invalid;

MBA/Management CLAT/CE-Law Finance/CA
Like Comment Share
study24x7
Write a comment
Related Questions
500+   more Questions to answer

Popular Courses

Clat Logical Reasoning Solution All Levels हिन्दी By Vikramaditya Academy of Law
CA FOUNDATION BUSINESS AND COMMERCI... All Levels English By CHARTEREDS SPECIAL
Reasoning Special by Parwez Sir for... All Levels हिन्दी By Reasoning special by Parwez Alam
CLAT 2019 LOGICAL REASONING (detail... All Levels हिन्दी By Vikramaditya Academy of Law
Introduction to Google Ads All Levels English By Digital World
Free SEO training: SEO for beginner... Beginners Level English By Digital Marketing - Learn SEO, PPC,...
Free SEO Link Building Guide 2019 All Levels English By Digital Marketing - Learn SEO, PPC,...
Math Special Course for SSC CGL, CP... All Levels हिन्दी By Topline Coaching 999 1,499 33% off
SSC CGL, CPO, CHSL, GD Comprehensiv... All Levels English By Topline Coaching 3,999 5,499 27% off
English Special Course for SSC CGL,... All Levels English By Topline Coaching 999 1,499 33% off
Featured Courses
Popular Pages

Featured Courses

Clat Logical Reasoning Solution All Levels हिन्दी By Vikramaditya Academy of Law
FREE
4.0
CA FOUNDATION BUSINESS AND COMMERCIAL KNOWLEDGE All Levels English By CHARTEREDS SPECIAL
FREE
5.0
BESTSELLER
Reasoning Special by Parwez Sir for all Government... All Levels हिन्दी By Reasoning special by Parwez Alam
FREE
5.0
CLAT 2019 LOGICAL REASONING (detailed solution) All Levels हिन्दी By Vikramaditya Academy of Law
FREE
5.0
Introduction to Google Ads All Levels English By Digital World
FREE
5.0
Free SEO training: SEO for beginners Beginners Level English By Digital Marketing - Learn SEO, PPC, SMO, SEM, Cont...
FREE
5.0
Free SEO Link Building Guide 2019 All Levels English By Digital Marketing - Learn SEO, PPC, SMO, SEM, Cont...
FREE
4.5
BESTSELLER
SSC CGL, CPO, CHSL, GD Comprehensive Course All Levels English By Topline Coaching 3,999 5.0
G.S. Foundation Premium Course All Levels हिन्दी By RAU IAS COACHING 2,199 5.0
English Special Course for SSC CGL, CPO, GD All Levels English By Topline Coaching 999 5.0

Popular Pages

SAT (Scholastic Assessment Test)

18 followers

Study24x7

1218 followers

Reasoning special by Parwez Alam

148 followers

Henry Harvin

58 followers

CBSE Study Materials

83 followers

Finance/CA

40 followers

Defence

106 followers

CHARTEREDS SPECIAL

12 followers

UPSC & State PSC

1008 followers

GATE/ESE/PSU

35 followers

Get the App

Download the Study24x7 App, so you can connect and collaborate.

study24x7
study24x7
Most Related Articles