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Section 39: Form of contracts

The Maharashtra Non-trading Corporations ActState Act of Maharashtra · Act 26 of 1959

(1) Contracts on behalf of a corporation may be made as follows :—

(a) a contract which, if made between private persons, would by law be required to be in writing signed by the parties to be charged therewith, may be made on behalf of the corporation in writing signed by any person acting under its authority, express or implied, and may in the same manner be varied or discharged;

(b) a contract which, if made between private persons, would by law be valid although made by parol only and not reduced into writing, may be made by parol on behalf of the corporation by any person acting under its authority, express or implied, and may in the same manner be varied or discharged.

(2) A contract made according to this section shall bind the corporation.

Where this provision sits

ActThe Maharashtra Non-trading Corporations Act
Section39
Marginal noteForm of contracts
JurisdictionState of Maharashtra
StatusIn force as published by the source

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