https://www.taxtmi.com/caselaws?id=96852 Acceptance of office under a company's articles, together with long-standing performance of the role, receipt of remuneration and compliance with the shareholding requirement, can give rise to an implied contract on those terms. The Lahore HC sustained the declaration that such an implied contractual right existed. It also held that a managing director's office, being a personal agency involving continuous duties and dependent on the company's volition, is not specifically enforceable by injunction. A principal cannot be compelled to retain an unwilling agent, and any breach is remediable in damages rather than by equitable restraint. The request for permanent injunction was therefore refused. en-us Fri, 11 Jul 1941 00:00:00 +0530 Wed, 11 Jan 2012 15:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96852 Acceptance of office under a company's articles, together with long-standing performance of the role, receipt of remuneration and compliance with the shareholding requirement, can give rise to an implied contract on those terms. The Lahore HC sustained the declaration that such an implied contractual right existed. It also held that a managing director's office, being a personal agency involving continuous duties and dependent on the company's volition, is not specifically enforceable by injunction. A principal cannot be compelled to retain an unwilling agent, and any breach is remediable in damages rather than by equitable restraint. The request for permanent injunction was therefore refused. Case-Laws Companies Law Fri, 11 Jul 1941 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96852