Question
Which of the following best represents the meaning of
term āultra viresā?Solution
Ultra vires is a Latin term made up of two words āultraā which means beyond and āviresā meaning power or authority. So we can say that anything which is beyond the authority or power is called ultra-vires. Ultra vires contract is the void ab initio which implies that it cannot be provided with a legal status even by ratification or estoppel. The Doctrine of Ultra Vires is introduced to safeguard the creditors and investors of the company. The doctrine of Ultra vires prevents the company from using the money of the investors other than those mentioned in the object clause of the memorandum. Hence, both the investors and company must be assured that their investment will not be used for the objects or activities which they did not have specified at the time of investing money in the company.
Section 12(3): Every company shall āpaint or affix its nameā outside every office. Consider:
(1) The name must be in legible letters.
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According to Industrial Relation Code, unfair trade practice means any of the practice specified in the________.
Ā In which of the following cases it was held that the limitation act does not apply to quasi-judicial bodies?
Supreme Courts and High Courts are to be Courts of Record. This is mentioned under ArticlesĀ
Risk management is a process that includes
Fundamental rights are covered under Part________ and ________ Articles of the Constitution.
What is the punishment in case of sedition?
Professional communications made under S. 126 of the Indian Evidence Act, 1872 are applicable to:
Which of the following statement is true?
Facts, not otherwise relevant, are relevant if they________________ opinions of experts, when such opinions are relevant.
