Question

A promoter sells a property to the company at a price higher than he paid for it. What options does the company have ? ​

Answer 1

Answer:

The more common ones are :- ... 3) The promoter may sell his property for fully paid shares in the company ... a loss, he will be liable to make good the loss suffered by that other person.

Rating

Answer 2

Answer:

Rescission of the contract or recovery of the secret profit

Explanation:

the company can decide to void the contract