Landmark case · Company Law · Semester 3
Kelner v. Baxter
(1866) LR 2 CP 174 · Common Pleas
Promoters may be personally liable on pre-incorporation contracts.
From topic
Prospectus and pre-incorporation contracts — Unit II, Company Law.
Related sections:
- Companies Act, 2013, 2(70) — Prospectus
- Companies Act, 2013, 34–35 — Criminal and civil liability for misstatements
- Companies Act, 2013, 15 — Pre-incorporation contracts via promoters (practice)