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.
To agree to a demand or request
Choose the one which best expresses the meaning of the given word .
Taciturn
The Union Government has launched new scheme for protection of Majuli Island in Assam from flood and erosion.
Select the most appropriate synonym of the given word.
ONUS
To kill two birds with one stone
He felt perplexed by the unexpected turn of events.
The statesman is known for his ability to communicate effectively and express herself clearly in writing and speaking.
'I haven't studied a lot lately'. Here, 'lately' is a/an
Swindle
Select the INCORRECTLY spelt word.
