What is Ultra vires to the company

Question

Wyomesh · Answer

When company enters in a contract which beyond the power of company is ultra vires . Such type of contract are void-ab-initio. This type of contract cannot be rectified.

Pratham · Answer

I do agree with Uvesh Jikani

Uvesh · Answer

Ex. If memorandum not allowed to company for getting loan. But company don't follow this and getting loan then this is ultra vires

giza · Answer

Ultra vires means beyond the power of company.... Company ka jo scope h usse bahar jana , Jo MOA me prescribe hoga..... I think you should search this topic on YouTube for more details and understanding

Uvesh · Answer

Ulta virus is void transaction which is doing by company above the memorandum

What is Ultra vires to the company

5 answers

Ask your doubt in the Studycaller app