Which of the following best represents the meaning of term ‘ultra vires’?
Ultra vires is a Latin term made up of two words “ultra” which means beyond and “vires” 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.
An ornament fastened to clothing with a hinged pin
Pick a word opposite in meaning to Lackadaisical .
The act or result of making a condition, injury, etc., worse
Select the most appropriate meaning of the given proverb from the options
Better late than never
Find a word that is the synonym of impoverished
Choose the correct synonym for the given word
Disgrace
Vista
DELINEATE
adversity
Torment