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प्रश्न
Explain the following term/concept.
Doctrine of Indoor Management
उत्तर
(1) In order to maintain business secrecy, it is obligatory on the part of the company management and its officers that certain information which is important and confidential should not be leaked or known to the outsiders. Therefore, directors and officers of the company must act in accordance with the information they get from the Memorandum of Association and Articles of Association.
(2) The doctrine indoor management explains that the third parties or persons entering into a contract With the company are not bound to inquire Whether the company or its officers have followed the internal proceedings mentioned in the Articles of the company or not. It is presumed that the company acts as per the provisions made in its Memorandum of Association and Articles of Association. Thus, the doctrine of indoor management safeguards the interest of outsiders Who deal with the company in good faith and without malafide interest.
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संबंधित प्रश्न
Answer in one sentence.
Which document contains the aims and objectives of the company?
Answer in one sentence.
What does the capital clause describe?
Correct the underlined word and rewrite the following sentence:
Articles of Association state the aims and objectives of the company.
Correct the underlined word and rewrite the following sentence:
Prospectus contains a liability clause.
Explain the following term/concept.
Memorandum of Association.
Explain the following term/concept.
Ultra Vires act
Answer in brief:
State any four clauses of a memorandum of association:
Answer in brief:
State any four content of articles of association
Justify the following statement.
Memorandum of Association defines the limitations of the powers of the company.
Justify the following statement.
Ultra Vires acts are null and void
Answer the following question:
Briefly explain the clauses of Memorandum of Association.
Answer the following question:
Define Memorandum of Association. Explain its features.
Choose the Correct Answer.
The relationship between outsiders and the company is defined in ______
What are the contents of the Memorandum of Association?
