English, asked by adavisrilekha, 8 months ago

what is meant by doctrine of ultravires principale and explain exemptions

Answers

Answered by FathimaMehana

Answer:

answer

Explanation:

Meaning of Doctrine of Ultra Vires

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.

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