The promoter stands in a fiduciary position to the company for any profit secretly made. He is liable to the company. The company can ........................... . - Study24x7
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SANJAY JAIN
25 Jul 2020 04:24 PM study24x7 study24x7

The promoter stands in a fiduciary position to the company for any profit secretly made. He is liable to the company. The company can ........................... .

A

Cancel the contract and recover the purchase price where he sold his own property to the company.

B

Sue the promoter for the amount or profit and recover the same with interest.

C

Claim damages for breach of fiduciary duties.

D

Either (a) or (b) or (c)

Finance/CA Commerce Law
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