The person or persons in whom the discretion or powers are vested are treated as a director or directors for purposes of any indemnification and any limitation on liability under section 209(1)(c).
- updating ram compaq 5200 pc computer
- Horny girl free online chatting
- what happens at the end of naruto dating sim
- brian mcknight dating history
- fishin the sea dating
- musician she single dating tv glsses
The learned Counsel for the objector relied on 21 (1982) DLT 174, MD. Swami Krishna Nand Govinda Nand Bhagwat Dham Ashram Trust in support of his plea that the satisfaction recorded by the Controller regarding alleged sub-letting was illegal, unauthorised and unjustified.
In view of the admission of the objector, the Controller was right in presuming the unauthorised sub-letting and passing an eviction order on that basis.
An action to enforce the right of rescission authorized under this subsection must be commenced within 90 days after discovery of the existence of the agreement or 2 years after the shares are transferred, whichever is earlier.
(4) An agreement authorized under this section shall cease to be effective when shares of the corporation are listed on a national securities exchange or regularly traded in a market maintained by 1 or more members of a national or affiliated securities association.
Any purchaser of shares that did not have knowledge of the existence of the agreement at the time ownership is transferred is entitled to rescission of the purchase.
A purchaser has knowledge of the existence of the agreement at the time ownership is transferred if the agreement's existence is noted on the certificate or information statement in compliance with this subsection and, if the shares are not represented by a certificate, the information statement is delivered to the purchaser at or before the time ownership of the shares is transferred.
It is submitted that since there is no breach on the part of the decree holders with regard to tax representation and/or conditions set out in the Special Power of Attorney as well as with regard to any obligation left on the part of the decree holders, no advantage can be taken by the judgment debtors No.1 and 2, who are to pay the remaining amount as per the settlement agreement. Suri, learned Senior Counsel for the decree holder, argued that the decree has been passed on the basis of the joint application accompanying the agreement. Suri, the application may or may not be signed by both the parties if the agreement is signed by both the parties to the suit. Suri, learned senior counsel this court should accept the validity of the decree as it suffers from no infirmity as the same has been validly passed. Suri relied upon the judgment passed by this court in Pramod Kumar Rastogi vs.
As regard the arbitration clause is concerned, it was stated that all the obligations have been complied with as per the agreement by the decree-holders No.1 & 20 who are seeking relief in the present petition. Since, no dispute is left, the matter therefore cannot be referred for arbitration under the Arbitration Rules of the Singapore International Arbitration Centre except the remaining 45% amount is to be received as per clause 6.1 of the said agreement as they are entitled to receive the remaining amounts as envisaged in clause 4.5.3 plus the amounts payable under clause6.5 and 7.2 of the settlement agreement from Judgment Debtor Nos. As regards clause 20 mentioned in the agreement is concerned, it is alleged that it was inserted due to oversight, otherwise as per agreement, arbitration can only be invoked in terms of clause 2(f) of the agreement which reads as under: "2(f) Notwithstanding anything to the contrary stated in this Agreement, the parties acknowledge that nothing contained herein shall be construed as a waiver of, or prevent any Party from raising, claims within the applicable claims periods on the basis of possible breaches of the tax representations, warranties and/or covenants set out in the SPA." 10. Rupinder Singh Suri, learned Senior Counsel appearing on behalf of the decree holder has made his submissions in support of the execution and attachment order and the same are outlined as under: Firstly, Mr.
(10) The failure to satisfy the unanimity requirement of subsection (2) with respect to an agreement authorized under this section does not invalidate any agreement that would otherwise be considered valid.
In the written statement the tenant had denied that petitioner was a charitable trust.
(1) An agreement among the shareholders of a corporation that complies with this section is effective among the shareholders and the corporation even though it is inconsistent with this act in 1 or more of the following ways: (a) It eliminates the board or restricts the discretion or powers of the board.