DOCTRINE OF ULTRA VIRES-EFFECTS AND EXCEPTIONS

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DOCTRINE OF ULTRA VIRES-EFFECTS AND EXCEPTIONS (Author : Advocate Geetika Jain) CONCEPT  The object clause of the Memorandum of the company contains the object for which the company is formed. An act of the company must not be beyond the objects clause, otherwise it will be ultravires and, therefore, void and cannot be ratified even… Read more »