Doctrine Of Ultra Vires Slideshare

Having seen the rational behind the ultra vires doctrine and the rules developed by courts to temper this doctrine it should be understood that there is always a thin line separating what is incidental or consequential to a certain power already granted and what is clearly ultra vires and as a result there is a lot of subjectivity involved in deciding what is ultra vires and what is not. Doctrine of ultra vires has been developed to protect the investors and creditors of the company. Doctrine ofultra vires s.

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Doctrine Of Ultravires

Doctrine Of Ultra Vires

Badar Uz Zaman

The Companies Act 1956 Ppt

The ultra vires act is void act and therefore it cannot be ratified even if all the directors of the company want to ratify the same.

Doctrine of ultra vires slideshare. 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. A company therefore can do anything within the scope of the powers specified in the memorandum. Hence it is null and void. Lavanya 121202064 slideshare uses cookies to improve functionality and performance and to provide you with relevant advertising.

Doctrine of ultra vires. An ultra vires act is void and cannot be ratified even if all the directors wish to ratify it. Summing up the doctrine of ultra vires. If you continue browsing the site you agree to the use of cookies on this website.

However both are void. Pdf doctrine of ultra vires in company law agrey. Introduction ultra means beyond vires means powers an act of the company which beyond the objects clause. An act ultra vires the company cannot be ratified even by the unanimous consent of all shareholders.

The doctrine of ultra vires could not be established firmly until 1875 when the directors c of the ashbury railway carriage and iron company limited v hector riche 1874 75 l r. The motive behind the doctrine of ultra vires is to protect the investors and creditors of the company. The ultra vires act is completely different from an illegal act. The memorandum being the constitution of the company sets out the principal objectives powers scope and its area of operation both internal and external.

Doctrine of ultra vires under indiancompanies act 1956 presentation by mohit garg nischay bhargava bba 3rd sem a 2.