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A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked?
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A was appointed as a managing director by a company later on it was fo...
Legal Rights of the Managing Director
Introduction:
A Managing Director was appointed by a company, but later it was found that the appointment was invalid because the director who appointed him was not eligible. Now the question arises, can the Managing Director claim salary for the time he worked?
Legal Rights:
The legal rights of the Managing Director in this situation are as follows:
1. Contractual Rights:
The Managing Director has contractual rights to receive salary for the period he worked. The appointment may be invalid, but the Managing Director has performed his duties in good faith, and he is entitled to receive remuneration for his services.
2. Breach of Contract:
If the company refuses to pay the salary to the Managing Director, it will be considered a breach of contract. The Managing Director can take legal action against the company to recover his salary.
3. Quantum Meruit:
Quantum Meruit means "as much as he deserves." If the Managing Director is not entitled to the salary under the contract, he can still claim payment for the work done under Quantum Meruit. The Managing Director can claim the reasonable value of his services, and the company must pay for the same.
Conclusion:
In conclusion, the Managing Director has legal rights to receive salary for the period he worked, even if the appointment was invalid. The company must pay the salary under the contractual obligations or under Quantum Meruit.
Introduction:
A Managing Director was appointed by a company, but later it was found that the appointment was invalid because the director who appointed him was not eligible. Now the question arises, can the Managing Director claim salary for the time he worked?
Legal Rights:
The legal rights of the Managing Director in this situation are as follows:
1. Contractual Rights:
The Managing Director has contractual rights to receive salary for the period he worked. The appointment may be invalid, but the Managing Director has performed his duties in good faith, and he is entitled to receive remuneration for his services.
2. Breach of Contract:
If the company refuses to pay the salary to the Managing Director, it will be considered a breach of contract. The Managing Director can take legal action against the company to recover his salary.
3. Quantum Meruit:
Quantum Meruit means "as much as he deserves." If the Managing Director is not entitled to the salary under the contract, he can still claim payment for the work done under Quantum Meruit. The Managing Director can claim the reasonable value of his services, and the company must pay for the same.
Conclusion:
In conclusion, the Managing Director has legal rights to receive salary for the period he worked, even if the appointment was invalid. The company must pay the salary under the contractual obligations or under Quantum Meruit.
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A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked?
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A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked?.
A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A was appointed as a managing director by a company later on it was found that appointment was invalid because the director appointed him were not eligible can I claim salary for the time he worked?.
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