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.
Where was the 40th National Youth Basketball Championships held?
What is significant about the newly discovered plant species Ceropegia shivrayiana found in the Vishalgad area of Kolhapur?
Who will chair the National Task Force (NTF) for the security of healthcare professionals?
Reliance Jio announced that it will be landing a multi-terabit India-Asia-Xpress (IAX) undersea cable system in _________ to directly connect the countr...
What is the total corpus target of the H-DREAM Fund launched by IFC and HDFC Capital?
Which launch vehicle was used to launch India's first solar observatory mission, Aditya-L1, from the Satish Dhawan Space Centre in Sriharikota?Â
HSBC India has appointed which Indian cricketer as its brand influencer?
What is the purpose of the Urban20 engagement group under the G20?
A) To bring together youth leaders from major G20 cities to inform the discuss...
The Centre has extended the Pradhan Mantri Garib Kalyan Anna Yojana, which aims to provide free foodgrain to poor citizens, till September 2022. In whic...
Which life insurance company has launched SEWA, a plan that covers hospitalization, ICU stay, surgeries, critical illness, and disability, besides life ...
Relevant for Exams:
