Question
Illustrate the Doctrine of ultra vires with suitable examples.
Answer :
Word Count : 262
The Doctrine of ultra vires is a fundamental principle in company law which states that if a company acts beyond the powers conferred upon it by its memorandum of association, such acts are void and unenforceable. This doctrine ensures that a company does not exceed the objectives and powers specified in its constitutional documents, thereby protecting shareholders, creditors, and the public from unauthorized actions. For ____ ________ __________ ____ ______ ____ _______ ________ _________ _________.
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The Doctrine of ultra vires is a fundamental principle in company law which states that if a company acts beyond the powers conferred upon it by its memorandum of association, such acts are void and unenforceable. This doctrine ensures that a company does not exceed the objectives and powers specified in its constitutional documents, thereby protecting shareholders, creditors, and the public from unauthorized actions. For ____ ________ __________ ____ ______ ____ _______ ________ _________ _________.
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