https://www.taxtmi.com/caselaws?id=97238 A contract executed in the name of a company not yet in existence was not enforceable by the individual signer as his own personal contract. Because the company did not exist at the time of execution, there was no contracting principal capable of making the bargain. Section 32(1)(b) of the Companies Act 1948 governed how a company may make contracts, but it did not transform a document that merely purported to be a company contract into a personal undertaking by the signer. The document was therefore treated as a purported company contract signed only as authentication, and no personal contractual rights or liabilities arose for the individual. en-us Thu, 19 Feb 1953 00:00:00 +0530 Fri, 16 Feb 2018 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97238 A contract executed in the name of a company not yet in existence was not enforceable by the individual signer as his own personal contract. Because the company did not exist at the time of execution, there was no contracting principal capable of making the bargain. Section 32(1)(b) of the Companies Act 1948 governed how a company may make contracts, but it did not transform a document that merely purported to be a company contract into a personal undertaking by the signer. The document was therefore treated as a purported company contract signed only as authentication, and no personal contractual rights or liabilities arose for the individual. Case-Laws Companies Law Thu, 19 Feb 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97238