Question

What is meant by
Doctrin of ultravires principle and
explain exemptions?​

Answer 1

Answer:

$\underline{\huge{Answer:-}}$

Such activities are null or void and all ultra vires transactions can never be subsequently ratified or validated, not even by the consent of the shareholders. This rule is meant to protect the interests of the shareholders and creditors of the company

Answer 2

Answer:

The Introduction to Doctrine of Ultra Vires

An act of the company must not be beyond the object clause otherwise it will be ultra vires and therefore, void and cannot be ratified even if all the member wish to ratify. This is called the doctrine of ultra vires