Question
 In which of the following case it was held that if a
company pursues objects beyond the scope of the memorandum of association, the company's actions are ultra vires and void?Solution
Facts: Ashbury Railway Carriage and Iron Company Ltd’s memorandum stated that its objects were "to make and sell, or lend on hire, railway-carriages…" and that the activities beyond this needed a special resolution. But the company agreed to give Riche and his brother a loan to build a railway in Belgium. Later, the company repudiated the agreement. Riche sued, and the company pleaded that the action was ultra vires.
Market is a place of ______.
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
In which type of insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at m...
A policy that covers loss or damage to a householder's property is:
Which feature is not allowed in the Indian insurance market?Â
Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
What does the preamble of an insurance policy NOT typically include?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
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