Question
Illustrate the Doctrine of ultra vires with suitable examples.
Answer :
Word Count : 269
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The Doctrine of ultra vires is a fundamental principle under Company Law which asserts that a company cannot act beyond the powers conferred upon it by its Memorandum of Association. Any act undertaken outside the scope of its objects is considered void and unenforceable. The purpose of this doctrine is to protect shareholders and creditors by ensuring that the company operates strictly within the limits defined in its constitutional documents. For example, if a company is incorporated with the objective of manufacturing and selling furniture, and the company decides to invest in a real estate business, such an act would be ultra
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