Doctrine of Ultra Vires-Effects and Exceptions

Karamdeep Saini

Abstract


Company is an artificial legal person that is incorporated by law, which generally emphasize on the fact that when it comes to incorporation of a company Memorandum of Association and Articles of Association are the core documents without which a company's incorporation is impossible. Memorandum of association limits the company's operation and authorities, beyond which the acts are ultra-vires. The present paper focuses on the Ultra vires transactions, their exceptions and the leading cases for Ultra vires transactions.


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