Question

explain the consequence of ultra vires act​

Answer 1

Answer:

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Explanation:

An ultra vires act will be wholly void and it will not bind the company; neither the company nor the outsider can enforce the contract. 2. Any member of the company can bring injunction against the company to prevent it from doing any ultra vires act.

Answer 2

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Effects of an act which is Ultra Vires – on borrowings

If the borrowed funds of the company are used for any ultra-vires purpose, then directors of the company will be personally liable to make good such act. If the company acquires any property from such funds, the company will have full right to such property