Journal Press India^®

Author Details ( * ) denotes Corresponding author

In the scenario, at hand, whether the act is an individual act or a group act, censuring is a necessity. A very important principle known as the ‘Doctrine of Ultra Vires’ helps in defining where a company has gone wrong or taken an action that is outside the scope of the authority of the company. The objective of the Doctrine of Ultra Vires is to ensure that the shareholders and the creditors that provide funding and the assets of the company will not be used for any purpose other than those specified in the Memorandum. This paper delves into the concept of ‘Doctrine of Ultra Vires’ and its relevance today. The paper discusses the meaning, evolution of the concept,the effects, its relevance in the present timesand other aspects of the doctrine.

Keywords

Doctrine of Ultra Vires; Company; Beyond the powers; Memorandum

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