Oral corporate agreements remain valid where no statutory writing requirement applies; disputed representative authority requires evidence, not threshold rejection.

Oral corporate agreements remain valid where no statutory writing requirement applies; disputed representative authority requires evidence, not threshold rejection. https://www.taxtmi.com/highlights?id=104333 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 The repealed requirement for written corporate contracts was neither saved nor re-enacted under the Companies Act, 2013, and the provision governing signature authority for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. en-us Wed, 30 Sep 2026 08:41:54 +0530 Wed, 30 Sep 2026 08:41:56 +0530 TaxTMI RSS Generator Oral corporate agreements remain valid where no statutory writing requirement applies; disputed representative authority requires evidence, not threshold rejection. https://www.taxtmi.com/highlights?id=104333 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 The repealed requirement for written corporate contracts was neither saved nor re-enacted under the Companies Act, 2013, and the provision governing signature authority for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. Highlights Companies Law Wed, 30 Sep 2026 08:41:54 +0530 https://www.taxtmi.com/highlights?id=104333