Doctrine Of Ultra Vires Meaning In Malayalam

The ultra vires doctrine is a kind of insurance policy that reassures a company s shareholders and creditors that the company will not use their assets or funds for any purposes other than those that are afforded to it and specified within the ultra vires doctrine. Meaning of doctrine of ultra vires. Doctrine of ultra vires has provides protection to the investors and creditors o the company.

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The doctrine of ultra vires applies to the memorandum of association of a company.

Doctrine of ultra vires meaning in malayalam. An act is ultra vires if it is beyond the legal powers of the person doing it. Ultravires meaning in malayalam. The doctrine of ultra vires could not established its roots. The light weight version of this dictionary malayalam dictionary pro is available which is without english to english meaning synonyms antonyms etc.

An act ultra vires the company cannot be ratified even by the unanimous consent of all shareholders. Malayalam meaning and translation of the word doctrine. Since the application of the european community law in england the doctrine of ultra vires stand restricted to a certain extent in india the original of the doctrine dates back to 1866 when the bombay high court applied it to a joint stock. Since the doctrine of ultra vires limits the company to the objects specified in the memorandum the company can be.

Doctrine മലയ ള വ യ ഖ യ ന അര ഥ. Indian legal system civil laws company law the doctrine of ultra vires anything which is beyond the authority or power is called ultra vires. Hence it is null and void. Types of ultra vires acts.

In the uk the ultra vires doctrine has been radically changed by the companies act 1989 to the extent that persons doing business with companies without notice of the problem have little to fear. The memorandum of association contains the permitted range of activities in its objects clause and a company cannot practice any other activity which is not defined under the scope of objectives mentioned in the memorandum any activity done out of the purview of the memorandum. It established its roots in 1875 when the directors and company of the ashbury railway carriage and iron company limited v hector riche 1874 75 l r. Find the definition of ultravires in malayalam oneindia malayalam dictionary offers the meaning of ultravires in malayalam with synonyms antonyms adjective and more related words in malayalam.

Summing up the doctrine of ultra vires. There are three types of ultra vires acts which. Thus an act by a company not expressly or impliedly permitted by its memorandum or articles is ultra vires. 653 as decided by the house of lords.

An act legal in itself but not authorized by the object clause of the memorandum of association of a company or statute is ultra vires the company.