Business Studies, asked by poorvivarshney27, 4 months ago

act against the memorandum are valid (true/false) give reason.​

Answers

Answered by rashmitadalachhatra
0

Answer:

The main purpose of the memorandum is to limit the scope of activities and powers of the company. Thus, any act outside the Memorandum is ultra-vires the company. Such an act is not enforceable and directors involve personal liability for it.

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