Merchant Ltd. was issued certificate of incorporation by the Registrar on 7th March. However the date mentioned on the certificate was 2nd March. The company entered into a contract for purchase of land with ABC Ltd. on 5th March. Later ABC Ltd. refused to sell the land as it was getting much higher price from another buyer. Can Merchant Ltd. file a case against ABC Ltd. Give reasons in support of your answer.
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Yes, Merchant Ltd. can file a case against ABC ltd as from the date mentioned on the certificate of incorporation, the company becomes a separate identity which can sue and be sued on its own behalf.
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Yes, Merchant Ltd. can file a case against ABC Itd. as from the date mentioned on the certificate of incorporation, the company becomes a separate identity which can sue and be sued on its own behalf.
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