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1.a) Explain 'pre-incorporation contract' with an example. Why is a company generally not liable under a pre-incorporation contract? Can a pre-incorporation contract be included in the incorporation documents or ratified post-incorporation?
Q1. What are salient features of the newly introduced bank company (amendment) act, 2023?
Answer: The Bank Company (Amendment) Act 2023 was passed on 21 June 2023, with certain significant changes.