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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.
The given Venn diagram shows the number of students who uses different social media like Facebook, Instagram and Twitter. How many students use either ...
Select the Venn diagram that best illustrates the relationship between the following classes.
Clothes, Shirts, Linen
Clothes = C
Sh...
Select the term from the given options that can replace the question mark (?) in the following series.
M, 14, O, 16, ?, 18, S, 20
In a certain code language,
'see their dresses' is coded as 'ti ve su',
'dresses we see' is coded as 'nx ti ve',
'we see their part...
Five girls Priya, Usha, Riya, Stareya and Tina wrote a novel. The one who wrote first gave it to Riya. The one who wrote last took it from Priya. Tina w...
Which of the following numbers will replace the question mark (?) in the given series?
144, 127, 110, ?, 76, 59
If 'I' stands for '+', 'J' stands for '×', 'K' stands for '÷' and 'L' stands for '–' what will come in place of the question mark (?) in the followi...
Three statements are given, followed by three conclusions numbered I, II, and III. Assuming the statements to be true, even if they seem to be at varian...
Read the given statements and conclusions carefully. Assuming that the information in the statements is true, even if they appear to be at variance with...
Select the correct mirror image of the given figure when the mirror is placed at MN as shown below.