Question
The main object of a company is to manufacture cement. Seeing the potential for new business, the Board of Directors decided to go in for
The main object of a company is to manufacture cement. Seeing the potential for new business, the Board of Directors decided to go in for manufacture of steel and steel related products. These are included in the 'Other objects' of the company. Can the company undertake the aforesaid new business? Discuss w.r.t. provisions of Companies Act 2017.
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The Legal Environment Of Business Text And Cases
Authors: Frank B. Cross, Roger LeRoy Miller
9th Edition
1285428943, 9781305142947, 1305142942, 978-1285428949
