preincorporation on coal mining

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coal mining is the process of extracting coal from the ground. coal is valued for its energy content and since the 1880s has been widely used to generate electricity. steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production.

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oct 14 2017· pre-incorporation contracts. sometimes contracts thus made on behalf of a company even before duly incorporated. however called as pre-incorporation contracts. two consenting parties are necessary to a contract whereas a company before incorporation is a non-entity. therefore following are the effects of pre-incorporation contracts.

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pre-incorporation contracts sometimes contracts are made on behalf of a company even before it is duly incorporated. these are called as pre-incorporation contracts. two consenting parties are necessary to a contract whereas a company before incorporation is a non-entity. therefore following are the effects of pre-incorporation contracts.

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n company agreed with mrs. carrey an agent of a syndicate before its incorporation that n company would grant a mining lease to the syndicate. the syndicate was incorporated as pauline colliery. pauline company discovered coal whereupon natal land co. ltd refused to grant the lease.

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meaning of preliminary or pre-incorporation contracts

meaning of preliminary or pre-incorporation contracts entered by the promoters (companies act 1956) under the agreement n & co. was to give the syndicate a lease of coal mining rights. the syndicate was then registered and asked n & co. to give these rights which n & co. refused.

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preincorporation on coal mining