Statutory override: company constitutional or contractual provisions yield to the Act, making conflicting clauses void. The Act functions as a statutory override: its provisions prevail over any inconsistent term in a company's memorandum, articles, agreements, or ... Summary
Statutory override: company constitutional or contractual provisions yield to the Act, making conflicting clauses void.
The Act functions as a statutory override: its provisions prevail over any inconsistent term in a company's memorandum, articles, agreements, or resolutions regardless of timing, and any provision repugnant to the Act is void to the extent of the inconsistency.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
