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Re Duomatic [1969] 2 Ch 365

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Re Duomatic

Table Of Contents

  • 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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Company law Notes
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Company law notes fully updated for recent exams in the UK. These notes...