Doctrine Of Ultra Vires Meaning In Marathi

Ltd entered into a contract with mr riche for providing finance for the construction of railway line in belgium. An act ultra vires the company cannot be ratified even by the unanimous consent of all shareholders. Hence it is null and void.

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1785 1795 latin beyond strength ultra vires doctrine.

Doctrine of ultra vires meaning in marathi. Its opposite an act done under proper authority is intra vires within the powers. The doctrine of ultra vires however has its genesis in the english case of ashbury railway carriage and iron company ltd vs riche. The doctrine of ultra vires is associated with actions taken by an individual in relation to a corporation or company. Beyond the powers is a latin phrase used in law to describe an act which requires legal authority but is done without it.

Beyond one s legal power or authority. Any act that lies beyond the authority of a corporation to perform. Ultra vires acts fall outside the powers that are specifically listed in a corporate charter or state law. The doctrine of ultra vires is which adopted from a latin word is the basic doctrine in the law of administration meaning beyond its power or beyond the power of any type of action or any transaction beyond the scope of any organization mainly the company or the authority endowed upon a manager of the company will fall under the ambit of the doctrine of ultra vires and will be.

An act legal in itself but not authorized by the object clause of the memorandum of association of a company or statute is ultra vires the company. Doctrine of ultra vires has been developed to protect the investors and creditors of the company. In this case the directors of the company i e ashbury railway carriage iron co. Summing up the doctrine of ultra vires.

The memorandum of association contains the permitted range of activities in its objects clause and a company cannot practice any other activity which is not defined under the scope of objectives mentioned in the memorandum any activity done out of the purview of the memorandum. Acts that are intra vires may equivalently be termed valid and those that are ultra vires termed invalid. This doctrine prevents a company to employ the money of the investors for a purpose other than those stated in the objects clause of its memorandum. Ultra vires marathi translation of ultra vires marathi meaning of ultra vires what is ultra vires in marathi dictionary ultra vires related marathi मर ठ words.

The doctrine of ultra vires applies to the memorandum of association of a company. Meaning of doctrine of ultra vires. Definition of ultra vires.