Question

In which of the following case it was held that if a

Q: Answer- In which of the following case it was held that if a company pursues objects beyond the scope of t...

Facts Ashbury Railway Carriage and Iron Company Ltds 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.

company pursues objects beyond the scope of the memorandum of association, the company's actions are ultra vires and void?

A Salomon v Salomon & Co. Ltd.

B Ashbury Railway Carriage and Iron Co Ltd v Riche

C The State Trading Corporation of India Ltd. & Others V. The Commercial Tax Officer, Visakhapatnam & Others

D None of the above

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In which of the following case it was held that if a

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