Company Affairs (CS) Question: Download Company Affairs CS PDF
Do you know about ultravires Acts?
Answer:
Ultravires is any act done outside the limits of memorandum of association. It is void and cannot be ratified even by the whole body of the shareholders whereas in the case of Articles of association the acts done by the company beyond the articles can be ratified by the shareholders if such acts are not beyond the memorandum and illegal.
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