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.
The famous āPashupatinath Templeā is located in which country from the following?
According to McKinsey Global Institute, what percentage of India's workforce is employed in MSMEs?
For the year 2024, the President has approved conferment of 132 Padma Awards, how many women are included in the list of 132 Padma Awards?
The All England Championship, an international championship of badminton, was first held in:
What is the main objective of the Right to Information Act, 2005?
_____ are longitudinal valleys formed as a result of folding when Eurasian plates and Indian plates collided.
Which is not correct regarding SVAMITVA scheme: -
During the Mauryan reign, which of the following provinces was considered as the gold mine hub in Karnataka?
Much of the rainfall along the Western Ghats is ______ as the moist air is obstructed and forced to rise along the Ghats.Ā
In which of the following cities of Manipur is the Jawaharlal Nehru Manipur Dance Academy located?
