Sirs,
I want know, whether a Demand Promissiory Note can be execute by Private Company incorporated under the Companies Act, 1956 in favour of another Private Company .
D. PERUMAN SARANYAN (Advocate) 03 July 2009
Sirs,
I want know, whether a Demand Promissiory Note can be execute by Private Company incorporated under the Companies Act, 1956 in favour of another Private Company .
A V Vishal (Advocate) 03 July 2009
Ramakrishnan.V (Lawyer) 03 July 2009
Nothinng forbids a private company incorporated under the Indian Companies Act of 1956 from executing such a promisory noted if the articlesof association and memorundum of association permits whenmade along with the Board resolution
Ramakrishnan.V (Lawyer) 03 July 2009
Since it being an incorporated personality with no life or limb, the directors of the company who act for and behalf of the company are to be demanded payment, may be from the registered office the demand is to be made either orally or despatching the written demand addressed to the company to the registered office
suresh kumar .P (advocate ) 05 July 2009
yes, a demand promissory note can be exucutable by any person or firm or by a body incorporated, as per the negotiable instrument act
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