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Judgment Search Results Home > Cases Phrase: debentures companies act Court: chennai Year: 1943 Page 1 of about 1 results (0.035 seconds)

Oct 25 1943 (PC)

T. Manavedan Tirumalpad, Rajah of Nilambur Vs. Amirchand Doss Dwarakad ...

Court : Chennai

Decided on : Oct-25-1943

Reported in : AIR1944Mad431

..... from the state forests which are required for the purpose of the company.4. according to section 100, companies act:where a prospectus invites persons to subscribe for shares in or debentures of a company, every person who is a director of the company at the time of the issue of the prospectus... shall be liable ..... to pay compensation to all persons who subscribe for any shares or debentures on the faith ..... his judgment that the cause of action in the present case is based upon a tort or civil wrong committed by the defendants. section 100, companies act, recognises an exception in the case of such a civil wrong inasmuch as a right is granted to joint tort-feasors to claim contribution. but ..... of in a case of this description is a tort and not a breach of contract. cases arising under section 235, companies act, cannot have any bearing on the question involved in the present case. those are cases in which a liquidator seeks to make the directors of ..... have taken the responsibility of asserting that there was an unconditional promise given by the cochin government to supply timber steadily for the purposes of the company, when as a matter of fact there was no such unconditional undertaking, they must bear the consequences. i am therefore satisfied that the finding .....

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