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प्रश्न
Explain the following term/concept.
Ultra Vires act
उत्तर
(1) the term ‘ultra’ means beyond and the term ‘Vires’ means powers. Accordingly ‘Ultra Vires’ means beyond or outside the scope of powers or authorities of Memorandum. Thus the doctrine of ultra Vires specifies that any activity done by a company which is beyond the power or authority of Memorandum or company will be null and void.
(2) The act which is ultra Vires is legally ineffective even if such an act is ratified by the members later on. For ultra Vires acts, the company cannot sue anybody in the court of law. Similarly, the third party for such an ultra Vires act cannot sue the company in the court of Law for any compensation. The members of the company can get an order issued from the court to stop the company from doing the ultra Vires act.
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संबंधित प्रश्न
Answer in one sentence.
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Correct the underlined word and rewrite the following sentence:
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Correct the underlined word and rewrite the following sentence:
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Answer in brief:
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Answer in brief:
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Answer the following question:
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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?
