https://www.taxtmi.com/caselaws?id=96666 An intra vires corporate agreement remained binding despite doubt over one signatory's formal re-election as a director and alleged defects in execution. The court treated the company's conduct, including holding him out as a director, approval by the governing directors and sole other shareholder, payment under the agreement, and the plaintiff's reliance, as sufficient to validate the arrangement under Article 94 of Table A and unanimous corporate assent. The company was also estopped from denying due execution and sanction after accepting benefits and partly performing the agreement, because ratification and adoption by the controlling members barred later repudiation. The plaintiff was entitled to enforce the agreement with costs. en-us Mon, 17 Dec 1934 00:00:00 +0530 Tue, 10 Jan 2012 12:17:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96666 An intra vires corporate agreement remained binding despite doubt over one signatory's formal re-election as a director and alleged defects in execution. The court treated the company's conduct, including holding him out as a director, approval by the governing directors and sole other shareholder, payment under the agreement, and the plaintiff's reliance, as sufficient to validate the arrangement under Article 94 of Table A and unanimous corporate assent. The company was also estopped from denying due execution and sanction after accepting benefits and partly performing the agreement, because ratification and adoption by the controlling members barred later repudiation. The plaintiff was entitled to enforce the agreement with costs. Case-Laws Companies Law Mon, 17 Dec 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96666