Q 10 A company shall not go beyond the
powers given by the memorandum of
Association. If it acts otherwise, that is
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ధ్యేయాలక్లాజును అతిక్రమించికంపెనీ
వ్యవహారాలు నిర్వహించరాదు అలాచేస్తే అది
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the options plz cause it's kinda little brief
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A company shall not go beyond the powers given by the memorandum of Association. If it acts otherwise, that is void.
- Having a Memorandum of Association( MOA) that specifies precisely the proper scope of its activities is necessary for each corporation.
- The corporation can not work outside the proper limits of the official document until prepared as it typically defines the direct relationship with principal shareholders.
- If the business invariably goes outside the proper scope, then ultra vires will be considered the affirmative action and will therefore be void
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