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Re Duomatic

[1969] 2 Ch 365

Case summary last updated at 21/01/2020 21:04 by the Oxbridge Notes in-house law team.

Judgement for the case Re Duomatic

Director was remunerated by company. When company went insolvent, liquidator sought to recover payments on grounds they had not been authorised in general meeting (as required by statute). Held:
 
·       Payments had been signed off on accounts by 100% of the shareholders
·       Thus was inference that all shareholders had consented
·       Does not matter that consent of each individual shareholder was given at different points intime

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