Question

The Object Clause of Memorandum of Association of ABC Pvt. Ltd. authorised the company tocarry on the business of trading in Fruits and Vegetables. The Directors of the company in recentlyconcluded Board Meeting decided and accordingly, the company ordered for fish for the pu rposeof trading. FSH Limited supplied fish to ABC Pvt. Ltd. worth Rs. 36 Lakhs. The members of thecompany convened an extraordinary general meeting and negated the proposal of the Board ofDirectors on the ground of ultra vires acts. FSH Limited being aggrieved of the said decision ofABC Pvt Ltd. seeks your advice. Advice them.

Answer 1

Answer:

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Explanation:

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