Case Reference
Mahima Datla Vs Dr. Renuka Datla (Supreme Court of India) dated 06/04/2022
The *Duomatic Principle* can be briefly stated as ‘anything the members of a company can do by formal resolution in a general meeting, they can also do informally, if all of them assent to it.’
It is noted that application of Duomatic Principle is only applicable in those cases wherein bona fide transactions are involved. Fraud is a clear exception to application of these principles, be it Duomatic Principle or Doctrine of Indoor Management.
Company Law: SC explains applicability of Duomatic Principle in Company Law In India
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