Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
Oral agreements between companies remain governed by general contract law where no statutory provision requires corporate contracts to be written. The repealed requirement for written corporate contracts was neither saved nor re-enacted under the Companies Act, 2013, and the provision governing signature authority for company documents does not prohibit oral agreements. A pleaded assertion that a company representative was authorised to enter an agreement requires evidentiary adjudication; a plaint cannot be rejected at the threshold merely for lack of a written authority letter.
Oral agreements between companies remain governed by general contract law where no statutory provision requires corporate contracts to be written. The repealed requirement for written corporate contracts was neither saved nor re-enacted under the Companies Act, 2013, and the provision governing signature authority for company documents does not prohibit oral agreements. A pleaded assertion that a company representative was authorised to enter an agreement requires evidentiary adjudication; a plaint cannot be rejected at the threshold merely for lack of a written authority letter.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
